Aeva Technologies, Inc.
For the period ended Dec 31, 2025. Filed Mar 20, 2026.
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FY2025 · Filed Mar 20, 2026
AEVA$12.27-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year EndedDecember 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net loss | $(145,428) | $(152,261) | $(149,333) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 5,381 | 5,480 | 4,622 |
| Impairment of inventories | 493 | 1,140 | 224 |
| Loss of joint development agreement | 3,785 | — | — |
| Fair value at issuance of Series A warrants | — | — | 6,500 |
| Change in fair value of warrant liabilities | 21,453 | 1,486 | 182 |
| Stock-based compensation | 21,843 | 23,708 | 23,675 |
| Amortization of right-of-use assets | 3,106 | 3,463 | 3,108 |
| Amortization of premium and accretion of discount on available-for-sale securities, net | (1,050) | (3,537) | (2,973) |
| Other | 423 | 563 | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (2,537) | (559) | 2,259 |
| Inventories | (3,936) | (1,111) | 353 |
| Other current assets | (8,715) | (2,566) | 279 |
| Other noncurrent assets | 288 | 318 | (270) |
| Accounts payable | (504) | 1,835 | (1,592) |
| Accrued liabilities | 3,314 | 2,334 | (6,415) |
| Accrued employee costs | 8,162 | (260) | 1,322 |
| Lease liability | (2,818) | (3,595) | (3,097) |
| Other current liabilities | (18,337) | 16,649 | 2,330 |
| Net cash used in operating activities | (115,077) | (106,913) | (118,826) |
| Cash flows from investing activities: | |||
| Purchase of property, plant, and equipment (including advance) | (4,609) | (5,107) | (6,104) |
| Purchase of non-marketable equity investments | — | — | (5,000) |
| Purchase of available-for-sale securities | (75,014) | (79,980) | (152,364) |
| Proceeds from maturities of available-for-sale securities | 109,549 | 182,988 | 232,745 |
| Net cash provided by investing activities | 29,926 | 97,901 | 69,277 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of stock in private placement | 32,500 | — | 21,455 |
| Transaction costs related to issuance of stock in private placement | (400) | — | (818) |
| Proceeds from convertible notes | 100,000 | — | — |
| Transaction costs related to issuance of convertible notes | (3,072) | — | — |
| Payments of taxes withheld on net settled vesting of restricted stock units | (578) | (752) | (199) |
| Proceeds from exercise of stock options | 128 | 81 | 238 |
| Net cash provided by (used in) financing activities | 128,578 | (671) | 20,676 |
| Net increase (decrease) in cash and cash equivalents | 43,427 | (9,683) | (28,873) |
| Beginning cash and cash equivalents | 28,864 | 38,547 | 67,420 |
| Ending cash and cash equivalents | $72,291 | $28,864 | $38,547 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest | $— | $— | $— |
| Cash paid for income taxes | $174 | $165 | $— |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Unpaid property, plant and equipment purchases | $727 | $835 | $90 |
| Joint development contract assets | $7,500 | $— | $— |
| Convertible debt issuance cost included in accounts payable | $297 | $— | $— |
| Right-of-use asset obtained in exchange for lease liability | $4,760 | $— | $2,995 |
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