Aurora Innovation (AUR) Reports Q4 Loss

Financial Performance - Aurora Innovation, Inc. reported Q4 revenue of $1 million, a 25% quarter-over-quarter increase [1] - Full year revenue totaled $3 million, with adjusted revenue at $4 million [1] - The company incurred an operating loss of $238 million in Q4, which included $48 million in stock-based compensation [1] - Research and Development costs were $155 million, while selling, general, and administrative expenses amounted to $30 million [1] - Cost of revenue for the quarter was $6 million [1] Cash Position and Future Projections - Despite using $146 million in operating cash during the quarter, the company ended the year with $1.5 billion in cash and other liquid assets [2] - Capital expenditures for the full year were $31 million, with $8 million spent in Q4 [2] - Revenue for 2026 is projected to be between $14 million and $16 million [2] - More than 200 driverless trucks are expected to be operational by the end of 2026 [2] - CFO David Maday indicated that revenue will be back-end loaded, with Q4 expected to contribute over half of the full year revenue [2] Company Overview - Aurora Innovation, Inc. is a self-driving technology company based in Pittsburgh, Pennsylvania, specializing in the development of the Aurora Driver platform [2] - The company was incorporated in 2017 and operates across the United States [2]