Aeva(US:AEVA)2025-11-05 21:15Revenue Performance - Revenue for Q3 2025 was $3.6 million, an increase of 56.5% compared to $2.3 million in Q3 2024[6] - Revenue for the three months ended September 30, 2025, was $3,579 million, a significant increase from $2,250 million in the same period of 2024, representing a growth of 59%[20] Operating Loss - GAAP operating loss for Q3 2025 was $33.2 million, improved from a loss of $37.9 million in Q3 2024[11] - Non-GAAP operating loss for Q3 2025 was $27.2 million, compared to a loss of $31.4 million in Q3 2024[11] - Operating loss for the nine months ended September 30, 2025, was $98,502 million, an improvement from a loss of $124,133 million in the same period of 2024[20] - The company reported a non-GAAP operating loss of $78,189 million for the nine months ended September 30, 2025, compared to a loss of $95,503 million in the same period of 2024[24] Net Income - The company reported a net income of $107,495 million for the three months ended September 30, 2025, compared to a loss of $37,396 million in the same period of 2024[25] - Basic net income (loss) per share for the three months ended September 30, 2025, was $1.86, compared to a loss of $0.70 in the same period of 2024[27] Cash and Assets - Cash, cash equivalents, and marketable securities totaled $48.9 million as of September 30, 2025[6] - Total current assets decreased to $66.4 million from $123.3 million as of December 31, 2024[18] - Cash and cash equivalents at the end of September 30, 2025, were $45,688 million, up from $30,462 million at the end of September 30, 2024[22] - Net cash used in operating activities for the nine months ended September 30, 2025, was $92,928 million, compared to $86,015 million in the same period of 2024[22] Business Developments - Aeva raised $100 million from Apollo Global Management to enhance commercial momentum[3] - The company advanced to late-stage contract negotiations for a large-scale series production award with a Top-10 global passenger OEM[5] - Initial orders were received for the Eve 1V motion sensing product line, expanding into manufacturing automation[5] - AevaScenes, the industry's first FMCW 4D LiDAR open dataset, was released to support research and adoption in autonomous vehicle perception[5] - The first vehicle builds for the Daimler Truck production program were completed, with orders for Atlas C Samples expected in 2026[5] Stock-Based Compensation - Stock-based compensation expense for the nine months ended September 30, 2025, was $16,528 million, slightly down from $17,130 million in the same period of 2024[20] Fair Value Changes - The company experienced a change in fair value of warrant liability, resulting in a gain of $68,524 million for the three months ended September 30, 2025, compared to a loss of $1,263 million in the same period of 2024[25]