(AEVA) Aeva Technologies, Common - NASDAQ

Sector: Technology | Industry: Software - Infrastructure | Exchange: NASDAQ (USA) | Market Cap: 1.815m USD | Total Return: -9% in 12m

LiDAR Sensors, Perception Software, Traffic Management
Total Rating 27
Safety 22
Buy Signal -0.41
Software - Infrastructure
Industry Rotation: -4.2
Market Cap: 1.81B
Avg Turnover: 62.4M
Risk 3d forecast
Volatility108%
VaR 5th Pctl18.4%
VaR vs Median3.26%
Reward TTM
Sharpe Ratio0.42
Rel. Str. IBD85
Rel. Str. Peer Group89.1
Character TTM
Beta3.353
Beta Downside2.659
Hurst Exponent0.606
Drawdowns 3y
Max DD75.68%
CAGR/Max DD0.81
CAGR/Mean DD1.41
EPS (Earnings per Share) EPS (Earnings per Share) of AEVA over the last years for every Quarter: "2021-06": -0.11, "2021-09": -0.13, "2021-12": -0.15, "2022-03": -0.15, "2022-06": -0.16, "2022-09": -0.17, "2022-12": -0.2, "2023-03": -0.16, "2023-06": -0.16, "2023-09": -0.15, "2023-12": -0.18, "2024-03": -0.56, "2024-06": -0.57, "2024-09": -0.7, "2024-12": -0.49, "2025-03": -0.45, "2025-06": -3.49, "2025-09": -0.56, "2025-12": -0.49, "2026-03": -0.41,
Last SUE: 0.02
Qual. Beats: 0
Revenue Revenue of AEVA over the last years for every Quarter: 2021-06: 2.601, 2021-09: 3.483, 2021-12: 2.873, 2022-03: 1.137, 2022-06: 1.493, 2022-09: 1.374, 2022-12: 0.188, 2023-03: 1.148, 2023-06: 0.743, 2023-09: 0.81, 2023-12: 1.611, 2024-03: 2.107, 2024-06: 2.012, 2024-09: 2.25, 2024-12: 2.696, 2025-03: 3.368, 2025-06: 5.511, 2025-09: 3.579, 2025-12: 5.621, 2026-03: 6.262,
Rev. CAGR: 105.40%
Rev. Trend: 99.1%
Last SUE: 1.57
Qual. Beats: 5

Warnings

Negative Equity with losses - insolvent profile

Interest Coverage Ratio -121.8 is critical

Beneish M-Score -0.83 > -1.5 - likely earnings manipulation

Altman Z'' -15.00 < 1.0 - financial distress zone

Tailwinds

Rs Leader

Description: AEVA Aeva Technologies, Common

Aeva Technologies, Inc. specializes in the development and production of Light Detection and Ranging (LiDAR) systems and perception software. The company differentiates itself by utilizing Frequency Modulated Continuous Wave (FMCW) technology, which enables the simultaneous measurement of velocity and range for each pixel. Its product portfolio, including the Atlas and Omni series, serves the automotive, industrial automation, and smart city infrastructure sectors.

The LiDAR industry is currently shifting from mechanical scanning to solid-state and FMCW solutions to improve reliability and reduce costs for mass-market automotive integration. Unlike traditional Time-of-Flight (ToF) sensors, FMCW technology is less susceptible to interference from sunlight or other sensors, a critical requirement for SAE Level 3 and 4 autonomous driving systems.

Aeva operates on a hardware-plus-software business model, providing both the physical sensing units and the artificial intelligence operating systems, such as CityOS, required to process real-time spatial data. Investors can further evaluate these technical specifications and market positioning on ValueRay. Headquartered in Mountain View, California, the company targets global markets across North America, Europe, and Asia.

Headlines to Watch Out For
  • Automotive production contract wins for Atlas 4D LiDAR drive revenue growth
  • Commercialization of FMCW sensing technology determines long-term technical competitive advantage
  • High research and development spending delays path to positive free cash flow
  • Adoption rates of SAE Level 3 and 4 automated driving systems
  • Industrial automation and security sector diversification reduces automotive market dependency
Piotroski VR-10 (Strict) 0.5
Net Income: -145.5m TTM > 0 and > 6% of Revenue
FCF/TA: -0.80 > 0.02 and ΔFCF/TA 23.77 > 1.0
NWC/Revenue: 440.0% < 20% (prev 579.9%; Δ -139.9% < -1%)
CFO/TA -0.75 > 3% & CFO -110.1m > Net Income -145.5m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 4.09 > 1.5 & < 3
Outstanding Shares: last quarter (62.8m) vs 12m ago 14.72% < -2%
Gross Margin: 4.63% > 18% (prev -20.22%; Δ 24.85% > 0.5%)
Asset Turnover: 16.02% > 50% (prev 9.01%; Δ 7.00% > 0%)
Interest Coverage Ratio: -121.8 > 6 (EBIT TTM -144.1m / Interest Expense TTM 1.18m)
Altman Z'' -15.00
A: 0.63 (Total Current Assets 122.1m - Total Current Liabilities 29.8m) / Total Assets 147.3m
B: -5.38 (Retained Earnings -792.3m / Total Assets 147.3m)
C: -1.10 (EBIT TTM -144.1m / Avg Total Assets 130.9m)
D: -0.08 (Book Value of Equity -12.4m / Total Liabilities 159.7m)
Altman-Z'' = -20.90 = D
Beneish M -0.83
DSRI: 3.0 (Receivables 10.9m/860k, Revenue 21.0m/10.3m)
GMI: 1.00 (fallback, negative margins)
AQI: 0.73 (AQ_t 0.05 / AQ_t-1 0.07)
SGI: 2.03 (Revenue 21.0m / 10.3m)
TATA: -0.24 (NI -145.5m - CFO -110.1m) / TA 147.3m)
Beneish M = -0.83 (Cap -4..+1) = D
What is the price of AEVA shares?

As of June 19, 2026, the stock is trading at USD 24.39 with a total of 2,388,782 shares traded.
Over the past week, the price has changed by +3.53%, over one month by +20.77%, over three months by +49.90% and over the past year by -9.02%.

Is AEVA a buy, sell or hold?

Aeva Technologies, Common has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy AEVA.

  • StrongBuy: 3
  • Buy: 1
  • Hold: 1
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the AEVA price?
Analysts Target Price 25.1 3%
Aeva Technologies, Common (AEVA) - Fundamental Data Overview as of 18 June 2026
Market Cap USD = 1.81b (1.81b USD * 1.0 USD.USD)
P/S = 86.5241
P/B = 79.0275
Revenue TTM = 21.0m USD
EBIT TTM = -144.1m USD
EBITDA TTM = -133.3m USD
Long Term Debt = 96.8m USD (from longTermDebt, last quarter)
Short Term Debt = 1.43m USD (from shortTermDebt, last quarter)
Debt = 107.3m USD (from shortLongTermDebtTotal, last quarter) + Leases 5.26m
Net Debt = 17.7m USD (calculated: Debt 107.3m - CCE 89.6m)
Enterprise Value = 1.83b USD (1.81b + Debt 107.3m - CCE 89.6m)
Interest Coverage Ratio = -121.8 (Ebit TTM -144.1m / Interest Expense TTM 1.18m)
EV/FCF = -15.64x (Enterprise Value 1.83b / FCF TTM -117.2m)
FCF Yield = -6.40% (FCF TTM -117.2m / Enterprise Value 1.83b)
 FCF Margin = -558.8% (FCF TTM -117.2m / Revenue TTM 21.0m)
 Net Margin = -693.9% (Net Income TTM -145.5m / Revenue TTM 21.0m)
 Gross Margin = 4.63% ((Revenue TTM 21.0m - Cost of Revenue TTM 20.0m) / Revenue TTM)
Gross Margin QoQ = 31.00% (prev 23.48%)
Tobins Q-Ratio = 12.44 (Enterprise Value 1.83b / Total Assets 147.3m)
Interest Expense / Debt = 1.10% (Interest Expense 1.18m / Debt 107.3m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -113.8m (EBIT -144.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.55 (Total Current Assets 122.1m / Total Current Liabilities 34.4m)
 Debt / Equity = -8.65 (negative equity) (Debt 107.3m / totalStockholderEquity, last quarter -12.4m)
 Debt / EBITDA = -0.13 (negative EBITDA) (Net Debt 17.7m / EBITDA -133.3m)
 Debt / FCF = -0.15 (negative FCF - burning cash) (Net Debt 17.7m / FCF TTM -117.2m)
 Total Stockholder Equity = -21.0m (last 4 quarters mean from totalStockholderEquity)
 RoA = -111.2% (out of range, set to none)
 RoE = 691.8% (negative equity) (Net Income TTM -145.5m / Total Stockholder Equity -21.0m)
 RoCE = -190.2% (out of range, set to none) (EBIT -144.1m / Capital Employed (Equity -21.0m + L.T.Debt 96.8m))
 RoIC = -96.57% (negative operating profit) (NOPAT -113.8m / Invested Capital 117.9m)
 WACC = 16.92% (E(1.81b)/V(1.92b) * Re(17.87%) + D(107.3m)/V(1.92b) * Rd(1.10%) * (1-Tc(0.21)))
Discount Rate = 17.87% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 100.00 | Cagr: 11.66%
 [DCF] Fair Price = unknown (Cash Flow -117.2m)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.02 | # QB: 0
Revenue Correlation: 99.08 | Revenue CAGR: 105.4% | SUE: 1.57 | # QB: 5
EPS current Quarter (2026-06-30): EPS=-0.43 | Chg30d=+0.77% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.43 | Chg30d=+0.78% | Revisions=+20% | Analysts=3
EPS current Year (2026-12-31): EPS=-1.68 | Chg30d=+3.87% | Revisions=+20% | GrowthEPS=+4.1% | GrowthRev=+81.8%
EPS next Year (2027-12-31): EPS=-1.54 | Chg30d=-1.15% | Revisions=-33% | GrowthEPS=+8.2% | GrowthRev=+126.1%
[Analyst] Revisions Ratio: -33%