Aeva(US:AEVA)2026-02-26 21:10Revenue Growth - Aeva reported a revenue of $5.6 million in Q4 2025, up from $2.7 million in Q4 2024, representing a year-over-year growth of approximately 107%[8] - For the full year 2025, Aeva achieved revenue of $18.1 million, compared to $9.1 million in 2024, marking an increase of 99%[8] - The company expects revenue in 2026 to be between $30 million and $36 million, indicating a growth of approximately 70% to 100% year-over-year[6] Contracts and Partnerships - Aeva secured a major production contract as the exclusive Tier-1 LiDAR supplier for a top European passenger OEM's global L3 production program, with a targeted start of production in 2028[4] - Aeva was selected by a top 5 passenger OEM for a joint development program, which could lead to a large-scale production program award[4] - The company successfully completed on-road validation of Aeva Atlas B-samples for Daimler Truck and is on track to deliver C-samples in 2026[4] - Aeva introduced Omni, a compact wide-view short-range FMCW LiDAR, targeting a broad range of physical AI applications[4] Financial Performance - The GAAP operating loss for Q4 2025 was $29.1 million, an improvement from a loss of $34.2 million in Q4 2024[8] - Aeva's cash, cash equivalents, and marketable securities totaled $121.9 million as of December 31, 2025[8] - The company reported a GAAP net loss per share of $0.42 in Q4 2025, compared to a loss of $0.67 in Q4 2024[8] - GAAP net loss for the year ended December 31, 2025, was $145,428,000, compared to a loss of $152,261,000 for 2024, representing a 4.9% improvement[21] - Non-GAAP operating loss for the year ended December 31, 2025, was $101,969,000, down from $123,164,000 in 2024, indicating a 17.2% reduction[20] - Cash used in operating activities for the year ended December 31, 2025, was $106,913,000, compared to $115,077,000 in 2024, reflecting a decrease of 7.5%[18] - Total cash and cash equivalents at the end of 2025 were $72,291,000, up from $28,864,000 at the end of 2024[18] - Stock-based compensation for the year ended December 31, 2025, amounted to $21,843,000, slightly lower than $23,708,000 in 2024[20] - The company reported a change in fair value of warrant liabilities of $21,453,000 for the year ended December 31, 2025, compared to $1,486,000 in 2024[21] - The number of shares used in computing GAAP net loss per share increased to 57,023,024 for the year ended December 31, 2025, from 53,359,685 in 2024[23] - GAAP operating loss for the three months ended December 31, 2025, was $29,095,000, an improvement from $34,239,000 in the same period of 2024[20] - Net cash provided by investing activities for the year ended December 31, 2025, was $29,926,000, compared to $97,901,000 in 2024[18] - The company did not report any proceeds from the issuance of stock in private placement for the year ended December 31, 2025, compared to $32,500,000 in 2024[18]