Aeva Technologies (AEVA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Aeva Technologies

NasdaqGS•Technology•Software - Infrastructure

$15.52+1.12(0.08%)Market open

Market Cap

$986.26M

P/S

45.7x

P/B

35.8x

Aeva Technologies, Inc. engages in the design, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, Oceania, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology. It also offers Aeva Omni, a wide-view short-range 4D LiDAR; Aeva Atlas, a orion long-range 4D LiDAR with data and power over ethernet; CityOS, a AI operating system for real-time traffic intelligence designed to improve safety, efficiency, and data-driven transportation planning in cities; Atlas, a FMCW 4D LiDAR with simultaneous velocity and range detection for mass production and built to meet automotive-grade requirements; Aeva Eve1, a line of high-precision laser displacement sensors for volume industrial automation; and Atlas Ultra, a 4D LiDAR sensor built to meet the performance demands of SAE Level 3 and 4 automated driving systems in passenger and commercial vehicles. Its products are also used in automotive, consumer devices, industrial automation, and security market applications. The company also engages in optical connectivity business. Aeva Technologies, Inc. was founded in 2017 and is headquartered in Mountain View, California.

How this company scores

WeakMetricSide Score: 36/100

Grade capped at D — Interest coverage below 1× (-27.6x) — earnings cannot cover interest. Strongest: Growth (20/25); weakest: Cash & Earnings Quality (4/25).

Profitability8/25

Growth20/25

Balance Sheet & Red Flags4/25

Cash & Earnings Quality4/25

Strengths

Growing revenueProfit converts from growthConsistent growth

Grade capped at D

Interest coverage below 1× (-27.6x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 45.7x5y range 22.1x – 222.1x

Currently below its 20-quarter median.

P/B · 35.8x5y range 0.8x – 60.2x

Currently above its 18-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $986.26M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $21.60M
Q. Revenue: $6.14M
TTM EBITDA: $-124.04M
TTM Op. Income: $-131.95M
Q. Op. Income: $-34.56M
TTM Net Income: $-32.42M
Q. Net Income: $-79.62M
EPS: $-1.23
Shares Out.: $64.67M

$21.60M in TTM revenue grew 56.2% YoY, reaching $6.14M last quarter. TTM EBITDA of $-124.04M and TTM operating income of $-131.95M show growth is flowing through to the bottom line. However, net income is negative at $32.42M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 35.7%
EBITDA Margin: -542.8%
Op. Margin: -563.2%
Net Margin: -1297.7%

Op. margin of -563.2% is up 70.5% YoY — cost efficiency is improving. Net margin at -1297.7% and gross margin of 35.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 45.7x
P/B Ratio: 35.8x

P/S of 45.7x and P/B of 35.8x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $227.79M
Cash: $43.23M
Long-Term Debt: $96.90M
Book Value: $27.53M
D/E Ratio: 3.5
Debt/EBITDA: N/A

With $227.79M in assets and $96.90M in long-term debt, D/E is 3.5and book value is $27.53M — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 0% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-31.17M
TTM Free Cash Flow: $-116.67M
FCF Margin: -540.2%
FCF / Net Income: 3.6

TTM FCF of $-116.67M on $-31.17M in operating cash flow. The FCF / Net Income ratio of 3.6x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 4% — a weakening trend.