A
Aurora Innovation, Inc.
AURCIK 0001828108NasdaqLarge AcceleratedServices-Computer Integrated Systems DesignDelawareFY ends Dec 31
Period
FY 2025
Revenue
$3.00M
Net Income
$-816.00M
Total Assets
$2.34B
Equity
$2.14B
Shares Out
1.94B
Op. Cash Flow
$-581.00M
Business
Aurora Innovation, Inc. develops and commercializes self-driving technology to enable fully autonomous vehicles. It designs and integrates the Aurora Driver platform, including hardware (lidar, radar, camera, compute), software (perception, planning, Verifiable AI), virtual testing, mapping, and related services. Its business is organized around commercial applications — Aurora Driver for Freight (driverless trucking), Aurora Driver for Rides (ride hailing), and local goods delivery — along with partnerships and a Driver as a Service distribution model. Aurora operates primarily in the United States and pursues international expansion through OEM, fleet, and logistics partner channels.
Summary from filing dated 2025-02-14
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 3 | 0 | 0 | 68 | 82 | |
| Cost of revenue | 17 | 0 | 0 | — | — | |
| Research and development | 745 | 676 | 716 | 677 | 697 | |
| Selling, general and administrative | 142 | 110 | 119 | 129 | 116 | |
| Loss from operations | −901 | −786 | −835 | −1,852 | −731 | |
| Change in fair value of derivative liabilities | 29 | −24 | −20 | 114 | −20 | |
| Other income, net | 56 | 62 | 59 | 15 | −9 | |
| Loss before income taxes | −816 | −748 | −796 | −1,723 | −760 | |
| Income tax expense | 0 | 0 | 0 | 0 | −5 | |
| Net loss | −816 | −748 | −796 | −1,723 | −755 | |
| Basic net loss per share (in usd per share) | −0.44 | −0.46 | −0.6 | −1.51 | −1.22 | |
| Diluted net loss per share (in usd per share) | −0.44 | −0.46 | −0.6 | −1.51 | −1.22 | |
| Basic weighted-average shares outstanding (in shares) | 1,839 | 1,618 | 1,327 | 1,143 | 621 | |
| Diluted weighted-average shares outstanding (in shares) | 1,839 | 1,618 | 1,327 | 1,143 | 621 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 221 | 211 | 501 | 262 | 1,610 | |
| Short-term investments | 1,055 | 1,012 | 699 | 839 | — | |
| Other current assets | 41 | 31 | 17 | 17 | 67 | |
| Total current assets | 1,317 | 1,254 | 1,217 | 1,118 | 1,677 | |
| Property and equipment, net | 103 | 104 | 94 | 91 | 94 | |
| Operating lease right-of-use assets | 85 | 120 | 122 | 138 | 151 | |
| Acquisition related intangible assets, net | 617 | 617 | 617 | 618 | 617 | |
| Long-term investments | 183 | 0 | 148 | 0 | — | |
| Other assets | 38 | 43 | 37 | 36 | 37 | |
| Total assets | 2,343 | 2,138 | 2,235 | 2,001 | 3,690 | |
| Operating lease liabilities, current | 11 | 16 | 15 | 13 | 12 | |
| Other current liabilities | 100 | 89 | 96 | — | — | |
| Total current liabilities | 111 | 105 | 111 | 83 | 91 | |
| Operating lease liabilities, long-term | 73 | 105 | 107 | 123 | 135 | |
| Derivative liabilities, long-term | 15 | 48 | 24 | 4 | 118 | |
| Other liabilities | 4 | 5 | 8 | 7 | 4 | |
| Total liabilities | 203 | 263 | 250 | 217 | 348 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock - $0.00001 par value, 51,000 shares authorized, 1,943 and 1,733 shares issued and outstanding, respectively | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 7,312 | 6,232 | 5,594 | 4,600 | 4,433 | |
| Accumulated other comprehensive income | 2 | 1 | 1 | −2 | 0 | |
| Accumulated deficit | −5,174 | −4,358 | −3,610 | −2,814 | −1,091 | |
| Total stockholders equity | 2,140 | 1,875 | 1,985 | 1,784 | 3,342 | |
| Total liabilities and stockholders equity | 2,343 | 2,138 | 2,235 | 2,001 | 3,690 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 30 | 21 | 21 | 22 | 16 | |
| Reduction in the carrying amount of right-of-use assets | 28 | 28 | 27 | 28 | 25 | |
| Stock-based compensation | 188 | 144 | 160 | 156 | 220 | |
| Accretion of discount on investments | −11 | −28 | −28 | 0 | 0 | |
| Other operating activities | 0 | −1 | 0 | −3 | 12 | |
| Other current and non-current assets | −9 | −22 | 1 | 47 | −48 | |
| Operating lease liabilities | −29 | −26 | −25 | −25 | −21 | |
| Other current and non-current liabilities | 67 | −3 | 22 | −10 | −36 | |
| Net cash used in operating activities | −581 | −611 | −598 | −508 | −564 | |
| Purchases of property and equipment | −31 | −34 | −15 | −15 | −48 | |
| Purchases of investments | −1,452 | −1,030 | −1,297 | −1,610 | — | |
| Maturities and sales of investments | 1,238 | 892 | 1,320 | 773 | — | |
| Net cash (used in) provided by investing activities | −245 | −172 | 8 | −852 | 250 | |
| Proceeds from issuance of common stock | 916 | 497 | 840 | 13 | 8 | |
| Payments for taxes on net settlement of equity incentive awards | −79 | −2 | −7 | — | — | |
| Other financing activities | −3 | −3 | −2 | −2 | 0 | |
| Net cash provided by financing activities | 834 | 492 | 831 | 11 | 1,540 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 8 | −291 | 241 | −1,349 | 1,226 |
Filings
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