AEVANasdaqMotor Vehicle Parts & AccessoriesFiscal year ends December 31
Aeva Technologies, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$9.91−0.12 (-1.15%)
Close on Oct 19, 2026
- Market cap
- $641.23M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
-3.7%−47.1 pts over 5 years
Operating margin
-705.8%−174.3 pts over 5 years
Net margin
-804.4%−276.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +99.4% | +62.8% | +30.1% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -67.7% | -258.4% | |
| Return on assets | – | -156.2% | -88.9% | |
| Current ratio | – | 5.46 | 4.28 | |
| Inventory turnover | – | – | 4.6× | |
| Capex to revenue | – | 17.7% | 25.5% | |
| Diluted shares | – | 142M | 57M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Aeva Technologies generated $532.83M from operations and spent $27.11M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$532.83M
Used
$27.11M
Capital expenditure$27.11M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-804.4%
×Asset turnover0.11×
×Equity multiplier2.91×
=Return on equity, FY2025-258.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -804.4% | 0.11× | 2.91× | -258.4% |
| FY2024 | -1679.7% | 0.04× | 1.24× | -92.9% |
| FY2023 | -3463.2% | 0.01× | 1.10× | -53.5% |
| FY2022 | -3514.0% | 0.01× | 1.06× | -37.5% |
| FY2021 | -1099.6% | 0.04× | 1.06× | -42.2% |
| FY2020 | -528.0% | 0.30× | 0.43× | -67.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$145.43M
- Cash generatingOperating cash flow above zero-$115.08M
- Return on assets improvedROA up on the prior year-59.2% → -98.6%
- Earnings backed by cashOperating cash flow above net income-$115.08M vs -$145.43M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.15 → 4.28
- No dilutionShare count did not rise53M → 57M
- Gross margin improvedGross margin up on the prior year-41.81% → -3.65%
- More efficientAsset turnover rose0.04 → 0.12