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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-39699 AEye, Inc. (Exact name of registrant as specified in its charter) Delaware 37-1827430 (State or other ...

AEye stock is trading at elevated levels. What’s next for LIDR stock?Results Top Estimates As Cash Position Supports Long-Term RunwayAEye reported a loss of 15 cents per share, beating the consensus estimate of 18 cents. In addition, it reported revenue of $97,000, beating the consensus estimate of $80,000. The company ended 2025 with $86.5 million in cash, cash equivalents and marketable securities, providing operational runway into 2028."We ended 2025 with consistent momentum in our technology development ...

AEye, Inc. (NASDAQ:LIDR) reported an EPS of -$0.16, beating estimates and indicating a positive trajectory despite a negative figure.The company's revenue of $97,000 surpassed expectations, reflecting a growing customer base and successful operations.AEye's strategic partnership with NVIDIA and a 33% increase in active customers highlight its expanding market presence and potential for future growth.AEye, Inc. (NASDAQ:LIDR) is a prominent player in the lidar technology sector, specializing in software-defin ...

Earnings Call InsightsAEye outlines $30M transportation OEM program and deepens NVIDIA partnership while expanding customer base to 16Mar. 16, 2026 7:13 PM ETAEye, Inc. (LIDR) Stock, LIDRW StockAI-Generated Earnings Calls InsightsCommentsEarnings Call Insights: AEye, Inc. (LIDR) Q4 2025 Management View Matthew Fisch, CEO & Chairman, highlighted that "2025 marked an important year for AEye as we continued building the foundation for commercial scale," citing expansion of the customer base, increased engageme ...

Financial Data and Key Metrics Changes - AEye ended 2025 with nearly $87 million in cash, providing funding well into 2028 [4] - GAAP net loss for Q4 was $7.3 million, or $0.17 per share, an improvement from a net loss of $9.3 million in Q3 [16][17] - Non-GAAP net loss for Q4 was $6.8 million, or $0.15 per share, compared to a non-GAAP net loss of $5.4 million in the prior quarter [17] - Cash burn increased to $7.5 million in Q4 from $6.4 million in Q3, primarily due to increased engineering costs [18] Business Line Data and Key Metrics Changes - AEye shipped the highest number of Apollo units in its history during Q4, with active customer count growing from 12 to 16 [15] - Active engagements increased over 40%, and active quotes rose more than 30% quarter-over-quarter [15] - The company launched multiple products, including OPTIS and Stratos, enhancing its competitive position in the lidar industry [6][10] Market Data and Key Metrics Changes - AEye is seeing increased engagement in both automotive and non-automotive sectors, with significant traction in commercial and ground mobility [9] - The Physical AI market is estimated at $5 billion today, with potential growth to $1 trillion by 2035 [10] - AEye received multiple new RFQs and entered a strategic partnership with a distributor to unlock opportunities outside the U.S. [8] Company Strategy and Development Direction - AEye aims to convert customer engagements into deployments and build a durable revenue ramp [22] - The company is focused on maintaining a capital-light operating model while investing in sales and marketing to support growth [18][20] - AEye's partnership with NVIDIA is deepening, enhancing its commitment to quality and safety in the automotive sector [28][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing customer base and increasing engagement activity, indicating a strong foundation for future growth [4][22] - The company expects 2026 to show increasing momentum towards a revenue generation inflection point as technical engagements translate into volume commitments [21] - Management highlighted the importance of their technology in addressing new use cases and enhancing visibility in various applications [83] Other Important Information - AEye's supply chain is globally diversified, providing flexibility to mitigate geopolitical risks [12] - The company has secured dedicated manufacturing capacity of 60,000 Apollo units annually through a partnership with Lidong [11] Q&A Session Summary Question: Can you talk about the jump in your customer base this quarter? - Management noted that the increase to 16 active customers reflects growing activity and business opportunities, particularly in the non-automotive pipeline [25] Question: Any new developments on the NVIDIA partnership? - The relationship with NVIDIA is deepening, with AEye showcasing Apollo integrated with NVIDIA's latest platform at CES, indicating strong collaboration in the automotive space [28][29] Question: What kind of CapEx range are you modeling for 2026? - Expected CapEx for 2026 is projected to be under $1 million due to the capital-light business model [41] Question: Can you provide a percentage split between hardware and software revenue? - Currently, revenue is predominantly hardware-based, but there is a shift towards software with opportunities for customization and upselling [44] Question: What applications does the Helios ecosystem partnership with NVIDIA address? - The partnership focuses on enhancing robustness and safety in the automotive space, contributing to the broader Hyperion initiative [51] Question: What is the expected revenue contribution from the $30 million global transport win? - Initial deployments are expected in the second half of 2026, with meaningful revenue likely in 2027 [55] Question: Were any of the new customers related to OPTIS and Stratos? - The new customer numbers include contributions from OPTIS, with expectations for Stratos to open additional opportunities in 2026 [58][60]

Financial Data and Key Metrics Changes - AEye ended 2025 with nearly $87 million in cash, providing funding well into 2028 [4] - GAAP net loss for Q4 was $7.3 million, or $0.17 per share, an improvement from a loss of $9.3 million, or $0.30 per share in Q3 [17] - Non-GAAP net loss for Q4 was $6.8 million, or $0.15 per share, compared to a loss of $5.4 million, or $0.17 per share in the prior quarter [18] - Cash burn increased to $7.5 million in Q4 from $6.4 million in Q3, primarily due to increased engineering costs and other expenses [18][19] Business Line Data and Key Metrics Changes - AEye shipped the highest number of Apollo units in its history during Q4, indicating increased customer readiness [16] - Active customer count grew from 12 to 16, with active engagements up over 40% and active quotes up more than 30% quarter-over-quarter [16] - The company launched multiple products, including Optis and Stratos, enhancing its competitive position in the lidar market [5][10] Market Data and Key Metrics Changes - AEye is seeing broader market interest, including new RFIs and strategic partnerships, particularly in autonomous trucking and defense sectors [4][8] - The Physical AI market is estimated to represent a $5 billion market today, with potential growth to $1 trillion by 2035 [10] - AEye received multiple new RFQs and entered a strategic partnership with a distributor to unlock opportunities outside the U.S. [8] Company Strategy and Development Direction - AEye aims to convert customer engagements into deployments and build a durable revenue ramp [23] - The company is focused on maintaining a capital-light operating model while investing in sales and marketing to support growth [19][20] - AEye's partnership with NVIDIA is deepening, enhancing its commitment to quality and safety in the automotive sector [29][52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing customer base and engagement activity, indicating a strong foundation for future growth [4][23] - The company expects 2026 to show increasing momentum towards a revenue generation inflection point as technical engagements translate into volume commitments [20][22] - Management highlighted the importance of flexibility and scalability in their technology to meet diverse customer needs [21][22] Other Important Information - AEye's supply chain is globally diversified, providing flexibility to mitigate geopolitical risks [12] - The company has secured dedicated manufacturing capacity of 60,000 Apollo units annually through its partnership with LITEON [11] Q&A Session Summary Question: Can you talk about the jump in your customer base this quarter? - Management noted that the increase to 16 active customers reflects growing activity and business opportunities, particularly in the non-automotive pipeline [25][26] Question: Any new developments on the NVIDIA partnership? - The relationship with NVIDIA is deepening, with AEye showcasing Apollo integrated with NVIDIA's latest autonomous platform at CES [28][29] Question: What kind of CapEx range are you modeling for 2026? - Expected CapEx for 2026 is relatively low, likely under $1 million, due to the capital-light business model [41][42] Question: Can you provide a percentage split between hardware and software revenue? - Currently, revenue is predominantly hardware-based, but there is a shift towards software with opportunities for customization and upselling [43][45] Question: What applications does the partnership with NVIDIA's Helios ecosystem address? - The partnership focuses on enhancing robustness and safety in the automotive space, building on previous collaborations [51][52] Question: Will the $30 million global transport win contribute revenue in 2026? - Some revenue is expected in 2026, but significant contributions are anticipated in 2027 as the customer validates the technology [53][56] Question: Were any of the new customers related to Optis and Stratos? - Most sales in 2025 were driven by Apollo and Optis, with Stratos expected to open new opportunities moving forward [57][62]

Financial Data and Key Metrics Changes - AEye ended 2025 with nearly $87 million in cash, providing operational runway well into 2028 [4] - Q4 GAAP net loss was $7.3 million, or $0.17 per share, an improvement from a net loss of $9.3 million, or $0.30 per share in Q3 2025 [16] - Non-GAAP net loss for Q4 was $6.8 million, or $0.15 per share, compared to a non-GAAP net loss of $5.4 million, or $0.17 per share in the prior quarter [17] - Cash burn increased to $7.5 million in Q4 from $6.4 million in Q3, primarily due to increased engineering costs and professional services [18] Business Line Data and Key Metrics Changes - AEye shipped the highest number of Apollo units in its history during Q4, with active customer count increasing from 12 to 16 [15] - Active engagements rose over 40%, and active quotes increased by more than 30% quarter-over-quarter [15] - The company launched multiple products, including OPTIS and Stratos, enhancing its competitive position in the lidar industry [5] Market Data and Key Metrics Changes - AEye is seeing broader market interest, including new RFIs and strategic partnerships, particularly in autonomous trucking and defense sectors [4][6] - The Physical AI market is estimated to represent a $5 billion market today, with potential growth to $1 trillion by 2035 [10] - AEye received multiple new RFQs and entered a strategic partnership with a distributor to unlock opportunities outside the U.S. [8] Company Strategy and Development Direction - AEye aims to convert customer engagements into deployments and build a durable revenue ramp [22] - The company is focused on maintaining a capital-light operating model while investing in sales and marketing to support growth [19] - AEye's partnership with NVIDIA is deepening, enhancing its commitment to safety and robustness in the automotive sector [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing customer base and increasing engagement activity, indicating a strong foundation for future growth [22] - The company expects 2026 to show increasing momentum towards a revenue generation inflection point as technical engagements translate into volume commitments [20] - Management noted that interest in lidar technology has surged, particularly among automotive OEMs and trucking companies [30][31] Other Important Information - AEye's Apollo sensor features near-infinite software programmability and a 1-kilometer detection range, driving increased customer engagement [6] - The company has secured dedicated manufacturing capacity of 60,000 Apollo units annually through its global tier one manufacturing partner [11] - AEye's diversified supply chain mitigates geopolitical risks and shifting trade policies, enhancing operational resilience [12] Q&A Session Summary Question: Can you talk about the jump in your customer base this quarter? - Management noted that the increase to 16 active customers reflects growing activity and business opportunities, particularly in the non-automotive pipeline [25] Question: Any new developments on the NVIDIA partnership? - The relationship with NVIDIA is deepening, with AEye showcasing Apollo integrated with NVIDIA's latest autonomous platform at CES [27] Question: Can you discuss the pull-through from CES? - Management reported generating over 130 high-quality leads at CES, indicating strong interest in lidar technology across various sectors [32] Question: What is your capital raising strategy for 2026? - AEye is well-capitalized with sufficient runway into 2028, focusing on strategic optionality rather than immediate capital raising [34] Question: What is the CapEx range for 2026? - Expected to be relatively low, likely under $1 million, due to the capital-light business model [42] Question: What is the percentage split between hardware and software revenue? - Currently, revenue is predominantly hardware-based, but there is a shift towards software with the introduction of OPTIS [45]

Fourth Quarter 2025 Earnings Matt Fisch | CEO Conor Tierney | CFO MARCH 16, 2026 LIDR Disclaimer Forward-Looking Statements This presentation of AEye, Inc. ("AEye" or the "Company") includes statements that are not historical facts, but rather are forward-looking statements within the meaning of the federal securities laws, including safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as "believe," "contin ...

AEye Joining NVIDIA Halos AI Systems Inspection Lab to Advance Safety-Certified Physical AI Solutions Mar 16, 2026 4:45 PM Eastern Daylight Time AEye Joining NVIDIA Halos AI Systems Inspection Lab to Advance Safety-Certified Physical AI Solutions Share PLEASANTON, Calif.--(BUSINESS WIRE)-- AEye, Inc.(Nasdaq: LIDR), a leader in advanced perception and intelligent sensing solutions, today announced it is joining the NVIDIA Halos AI Systems Inspection Lab. NVIDIA is the first company in the world to establish ...