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Friday 6 November 2026 Export AUR’s income statement to Excel — free account

Aurora Innovation, Inc.

AUR Consumer Cyclical Auto Parts

Aurora Innovation, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 million, down 95.6% from fiscal 2022.

Revenue
+200.0%
EPS
−6.18%
Free cash flow
−31.2%

Quarter to September 2026, against a year earlier

4.00 0.03 −0.74%
Market cap
$8.1B
P/E
0.0×
Fwd P/E
−9.0×
Dividend yield
—
F-score
n/a
Altman Z
17.13
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Aurora Innovation, Inc. (AUR) valuation and DCF model

What the price implies · reverse DCF

At $4.00 the price implies the cash flow shrinking by more than 20% a year.

The headline discounts the last twelve months’ free cash flow after share-based pay at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF

Both are growth in revenue, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Aurora Innovation, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Revenue and margin
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in revenue. It usually slows as the company matures.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

Diluted shares outstanding. Net debt, under Advanced inputs, is taken off before dividing.

Advanced inputs
Free cash flow Revenue and margin
negative is net cash
new shares the cash flow does not pay for

Against Aurora Innovation, Inc.’s own cost of capital: risk-free 4.3% + beta 2.86 × equity premium 4.5% = 17.2% cost of equity; weighted, 17.2%.

Use 17.2%
Equity value $(1.42b) ▼ below market cap $7.76b
Base case value per share $(0.73) equity value ÷ 1.94b shares
Current price $4.00 market price per share
Below today’s price 118.4% downside at the base case’s assumptions

How we got there$(2.46b) 10 years of cash to equity+$2.02m terminal value+$1.03b net cash=$(1.42b) equity value÷1.94b shares=$(0.73) per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Auto Parts).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/B 4.45× 195.54× 195.54× 98% below 1.16× 285% above
EV/Sales 994.57× 718.34× 718.34× 38% above 0.67× 149100% above
P/B EV/Sales
(26.22)×271.41×569.03×866.65×10Y avg 195.54×20192021202220252026

AUR trades at 4.45× P/B, against a 10-year average of 195.54× (range 0.74×–967.11×). That is dearer than 75% of the last 4 year-end readings; re-rating to the average implies $175.46 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.