Aeva Technologies, Inc.

For the period ended Dec 31, 2025. Filed Mar 20, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 20, 2026

AEVA$12.27-0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations

CONSOLIDATED STAT EMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except share and per share data)

	Year Ended December 31,
	2025	2024	2023
Revenue	$18,079	$9,065	$4,312
Cost of revenue	18,739	12,855	10,198
Gross loss	(660)	(3,790)	(5,886)
Operating expenses:
Research and development expenses	85,424	102,667	102,503
General and administrative expenses	34,828	33,259	31,761
Selling and marketing expenses	6,685	7,156	7,638
Litigation settlement, net	—	11,500	—
Total operating expenses	126,937	154,582	141,902
Operating loss	(127,597)	(158,372)	(147,788)
Interest income	2,738	7,712	8,925
Fair value at issuance of Series A warrants	—	—	(6,500)
Change in fair value of warrant liabilities	(21,453)	(1,486)	(182)
Fair value gain on settlement of share subscription liability	1,651	—	—
Other income (expense), net	(459)	56	(3,788)
Net loss before income taxes	(145,120)	(152,090)	(149,333)
Income tax provision	308	171	—
Net loss	$(145,428)	$(152,261)	$(149,333)
Unrealized (loss) gain on available-for-sale securities	(51)	134	3,498
Total comprehensive loss	(145,479)	(152,127)	(145,835)
Net loss per share, basic and diluted	$(2.55)	$(2.85)	$(3.29)
Weighted-average shares used in computing net loss per share, basic and diluted	57,023,024	53,359,685	45,412,155

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.