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Friday 6 November 2026
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Aeva Technologies, Inc.
AEVA Technology Software Infrastructure
Aeva Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.1 million, up 99.4% from fiscal 2024.
- Revenue
- +11.3%
- EPS
- +64.8%
- Free cash flow
- −0.52%
Quarter to June 2026, against a year earlier
9.17
0.32
−3.37%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 1 | 5 | 9 | 4 | 4 | 9 | 18 | 22 | +53.5% | 32 | 73 | 230 | +133.3% | |
| Gross margin, % | — | — | — | 41.11 | 43.40 | 37.04 | (101.50) | (136.50) | (41.81) | (3.65) | 27.22 | (44.8) pt | ||||||
| EBT | — | — | — | (20) | (26) | (102) | (147) | (149) | (152) | (145) | (32) | +39.6% | ||||||
| EBT margin, % | — | — | — | (1,415.75) | (527.98) | (1,099.60) | (3,513.96) | (3,463.20) | (1,677.77) | (802.70) | (148.86) | +613.1 pt | ||||||
| Net income | — | 0 | — | (20) | (26) | (102) | (147) | (149) | (152) | (145) | (32) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.06 | 0.17 | 0.23 | 0.10 | 0.10 | 0.17 | 0.32 | 0.33 | +31.9% | |||||
| Earnings | — | — | — | (0.85) | (0.90) | (2.55) | (3.40) | (3.30) | (2.85) | (2.55) | (0.35) | +20.0% | ||||||
| Cash flow | — | — | — | (0.71) | (0.75) | (2.04) | (2.53) | (2.62) | (2.00) | (2.02) | (1.72) | +18.9% | ||||||
| Capex | — | — | — | (0.02) | (0.03) | (0.21) | (0.17) | (0.13) | (0.10) | (0.08) | (0.08) | +28.1% | ||||||
| Free cash flow | — | — | — | (0.73) | (0.78) | (2.25) | (2.70) | (2.75) | (2.10) | (2.10) | (1.80) | +19.2% | ||||||
| Book value | — | — | — | 0.00 | 0.95 | 11.36 | 7.59 | 5.03 | 1.86 | 0.23 | 0.43 | +143.9% | ||||||
| Shares, m | — | — | — | 23 | 28 | 40 | 43 | 45 | 53 | 57 | 61 | +16.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | 0.00 | 425.55 | 163.89 | 66.35 | 38.44 | 27.96 | 41.89 | 27.46 | 109.2 | ||||||
| P/B | — | — | — | 2,384.01 | 76.58 | 3.33 | 0.84 | 0.73 | 2.55 | 57.30 | 21.54 | 360.8 | ||||||
| EV/Sales | — | — | — | 0.00 | 420.47 | 116.66 | (9.75) | (11.77) | 16.10 | 40.49 | 23.71 | 81.7 | ||||||
| EV/FCF | — | — | — | 0.00 | (92.20) | (12.57) | 0.35 | 0.41 | (1.30) | (6.12) | (4.39) | (15.9) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (16) | (21) | (82) | (110) | (119) | (107) | (115) | (111) | +38.4% | |||||
| Capex | — | — | — | 0 | (1) | (8) | (7) | (6) | (5) | (5) | (5) | +49.0% | ||||||
| Free cash flow | — | — | — | (17) | (22) | (90) | (117) | (125) | (112) | (120) | (117) | +38.7% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 0 | 25 | 444 | 313 | 211 | 84 | 118 | 178 | n/m | |||||
| Net debt | — | — | — | 0 | (25) | (445) | (324) | (221) | (112) | (25) | (81) | n/m | ||||||
| Shareholders’ equity | — | — | — | 0 | 27 | 456 | 330 | 228 | 99 | 13 | 28 | +184.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (18,329.28) | (156.21) | (39.81) | (35.25) | (48.64) | (75.21) | (88.90) | (20.33) | +18,240.4 pt | |||||
| ROIC | — | — | — | (11,858.47) | (702.85) | (572.90) | (1,553.35) | (1,245.85) | 0.00 | 0.00 | 0.00 | +11,858.5 pt | ||||||
| ROE | — | — | — | (78,063.75) | (189.84) | (42.16) | (37.47) | (53.49) | (92.90) | (258.39) | 71.53 | +77,805.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 227 | 306 | 301 | 276 | 239 | — | +1.3% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.04 | 0.01 | 0.01 | 0.03 | 0.08 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Aeva Technologies, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| YEXT Yext | $757.0M | 33.1× | 17.1× | −1.76% (below 0%: shrinking) | −40.91% (below 0%: shrinking) | −1.86% (below 0%: shrinking) | 75.46% | 15.81% | Compare |
| SABR Sabre Corporation | $678.0M | 0.9× | — (loss-making) | +3.61% (above 0%: growing) | n/m | +104.05% (above 0%: growing) | 32.37% | 13.03% | Compare |
| CCSI Consensus Cloud Solutions, Inc. | $668.3M | 7.2× | 7.2× | +4.15% (above 0%: growing) | +39.25% (above 0%: growing) | +25.12% (above 0%: growing) | 79.98% | 40.31% | Compare |
| PRTH Priority Technology Holdings, Inc. | $649.1M | 15.7× | 15.6× | +11.26% (above 0%: growing) | −55.88% (below 0%: shrinking) | +309.22% (above 0%: growing) | 38.24% | 13.36% | Compare |
| AEVA Aeva Technologies, Inc. | $640.6M | — (loss-making) | — (loss-making) | +11.34% (above 0%: growing) | n/m | −0.52% (below 0%: shrinking) | 35.67% | (563.23%) | |
| RXT Rackspace Technology, Inc. | $606.6M | — (loss-making) | — (loss-making) | +0.57% (above 0%: growing) | n/m | −289.52% (below 0%: shrinking) | 17.13% | (4.95%) | Compare |
| CGNT Cognyte Software Ltd. | $597.4M | — (loss-making) | 59.4× | +12.02% (above 0%: growing) | +200.00% (above 0%: growing) | +83.55% (above 0%: growing) | 72.90% | 4.27% | Compare |
| HQ Horizon Quantum Holdings Ltd. | $566.7M | — (loss-making) | — | — | n/m | −372.27% (below 0%: shrinking) | 100.00% | 0.00% | Compare |
| RZLV Rezolve AI PLC | $508.6M | — (loss-making) | — | — | n/m | −81,583.43% (below 0%: shrinking) | — | 0.00% | Compare |
| Median of peers | $627.8M | 11.5× | 16.4× | +3.88% | −0.83% | +11.63% | 72.90% | 8.65% |
Pay and ownership Proxy statement filed 29 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 8.79m | 31.70m | 195.29 |
| 2024 | 1.51m | 4.37m | 69.85 |
| 2023 | 7.61m | 4.89m | 55.71 |
Ownership
Directors and executive officers, together
36.70%
Entities affiliated with Sylebra Capital LTD
25.80%
Daniel Gibson
25.80%
Mina Rezk
6.30%
Canaan Partners XI LLC
5.70%
LG Innotek Co., Ltd.
5.60%
Entities affiliated with Lux Ventures IV, L.P.
5.30%
Soroush Salehian Dardashti
5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement