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AUROW

Aurora Innovation, Inc.

AUROW

Aurora Innovation, Inc. • NASDAQ
$0.29 ▲ 4.21% (+0.01)
Market Cap $565.22 M
52w High $0.53
52w Low $0.29
Dividend Yield 0%
P/E -0.13
Volume 10.91K
Outstanding Shares 1.94B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1M $204M ▲ $-201M -20.1K% $-0.11 $-188M ▲
Q2-2025 $1M ▲ $36M ▲ $-201M ▲ -20.1K% ▼ $-0.11 ▲ $-225M ▼
Q1-2025 $0 $29M ▲ $-208M ▼ 0% $-0.12 $-205M ▼
Q4-2024 $0 $28M ▲ $-193M ▲ 0% $-0.12 ▲ $-193M ▼
Q3-2024 $0 $27M $-208M 0% $-0.13 $-192M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.247B ▼ $2.51B ▲ $219M ▼ $2.291B ▲
Q2-2025 $1.309B ▲ $2.214B ▲ $223M ▼ $1.991B ▲
Q1-2025 $1.159B ▼ $2.071B ▼ $286M ▲ $1.785B ▼
Q4-2024 $1.223B ▼ $2.138B ▼ $263M ▲ $1.875B ▼
Q3-2024 $1.248B $2.265B $247M $2.018B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-201M $-149M ▼ $-419M ▼ $448M ▲ $-120M ▼ $-157M ▼
Q2-2025 $-201M ▲ $-144M ▼ $-118M ▼ $298M ▲ $36M ▲ $-151M ▼
Q1-2025 $-208M ▼ $-142M $19M ▼ $82M ▲ $-41M ▲ $-150M
Q4-2024 $-193M ▲ $-142M ▲ $73M ▲ $17M ▼ $-52M ▲ $-150M
Q3-2024 $-208M $-143M $-466M $469M $-140M $-150M

Five-Year Company Overview

Income Statement

Income Statement Aurora is still very much in the “build” phase, not the “earn” phase. Revenue has been negligible so far, so the income statement is driven almost entirely by spending on development, people, and overhead. That translates into sizeable operating and net losses every year, with only modest signs of improvement more recently. Put simply, the business is not yet commercially scaled and is far from break‑even; current results reflect an R&D‑heavy technology company preparing for future commercialization rather than a mature service provider.

Balance Sheet

Balance Sheet The balance sheet shows a company funded mainly by equity with relatively little debt, which reduces financial strain from interest payments but also means it has relied heavily on investors for capital. Total assets and equity have been shrinking over time, indicating that cash and other resources are being consumed to fund ongoing losses. Cash reserves, while still meaningful, have come down considerably from earlier levels, which makes the timing of future revenue and any additional financing an important watchpoint.

Cash Flow

Cash Flow Cash flow is clearly negative, driven by regular operating cash burn as the company pays for engineering, testing, and overhead without meaningful incoming cash from customers. Free cash flow is also negative and closely tracks operating outflows, since physical capital spending is relatively modest. This pattern is typical of an early‑stage technology firm—but it also means the business depends on its existing cash and future funding to sustain operations until its autonomous services begin to generate steady income.

Competitive Edge

Competitive Edge Aurora has positioned itself as a focused player in autonomous driving, especially in trucking, with a strong network of partners across truck manufacturers, logistics firms, and mobility players. Its “driver‑as‑a‑service” model is designed to plug into existing fleets and freight networks rather than compete with them, which can be an advantage in adoption. The founding team has deep roots in leading autonomy programs, which supports credibility with partners and regulators. At the same time, the competitive field is intense, with large technology and automotive companies pursuing similar goals, long development timelines, and regulatory and safety hurdles that can shift the playing field quickly.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of Aurora’s strategy. The company has built a full autonomous stack—the Aurora Driver—supported by its own lidar technology, custom computing platform, and heavy use of simulation and virtual testing. Its approach is designed to be flexible across vehicle types, starting with trucks but extending to ride‑hailing and other use cases. This kind of R&D effort is expensive and complex, but it can create meaningful differentiation if Aurora can prove superior safety, reliability, and cost efficiency at scale. The key uncertainty is how fast these innovations translate from pilots and test miles into robust, profitable commercial operations.

Summary

Overall, Aurora looks like a classic high‑innovation, early‑commercialization technology story: strong technical ambition and partnerships, but financials that are still firmly in the investment phase. The company is burning cash, carrying limited debt, and has yet to demonstrate recurring revenue at scale. Its future will be shaped by a few critical factors: successful commercial launches in trucking, evidence that its technology performs safely and reliably in real‑world conditions, the economics of its service model, and its ability to secure enough capital to bridge the gap to profitability. For now, the numbers describe a research‑driven autonomous platform being built for potential future scale rather than a business that is financially self‑sustaining today.