Aeva Technologies, Inc. SEC 10-Q Report

Aeva Technologies, Inc., a leading provider of LiDAR technology, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant financial and operational developments, showcasing the company's growth trajectory and strategic initiatives in the LiDAR industry.

Financial Highlights

Revenue: Aeva Technologies reported revenue of $5.511 million for Q2 2025, marking a 174% increase compared to the same period last year. This growth was driven by higher unit sales and non-recurring engineering revenue.

Gross Loss: The company recorded a gross loss of $(2.720) million, an increase of 221% from the previous year. This was primarily due to increased production costs and a loss on a joint development agreement.

Loss from Operations: Loss from operations improved by 29% to $(34.923) million, driven by a decrease in operating expenses.

Net Loss: Aeva Technologies reported a net loss of $(192.742) million, a 344% increase compared to the same period last year. This significant increase was largely impacted by changes in the fair value of warrant and share subscription liabilities.

Net Loss Per Share, Basic and Diluted: The net loss per share was $(3.49), compared to $(0.82) in the previous year, reflecting the increased net loss.

Business Highlights

Revenue Segments: Aeva Technologies reported revenue from three primary geographical markets: North America, EMEA, and APAC. North America accounted for 85% of revenue in Q2 2025, showing a strong presence in this region. EMEA and APAC contributed 9% and 6% respectively, indicating growth opportunities in these regions.

Geographical Performance: The company saw a significant increase in revenue from North America, which remains its largest market. The EMEA region showed a notable increase in revenue percentage compared to the previous year, suggesting expanding market penetration.

Sales Units: There was an increase in the total number of units sold during the reporting period, which contributed to the overall revenue growth. This indicates a positive trend in customer adoption and demand for Aeva's products.

Future Outlook: Aeva Technologies anticipates continued investment in product development and expects to incur operating losses as it scales its operations. The company is focused on expanding its manufacturing capacity to meet anticipated demand and is optimistic about the commercialization of its LiDAR technology across various applications.

SEC Filing: Aeva Technologies, Inc. [ AEVA ] - 10-Q - Aug. 05, 2025