Aurora Innovation
AUR · NasdaqServices-Computer Integrated Systems Design · Fiscal year ends Dec 31
Aurora Innovation reported revenue of $3M in the fiscal year ended Dec 2025. Operating income was −$901M, an operating margin of −30033.3%, and net income was −$816M. Operating cash flow of −$581M less capital expenditure of $31M left free cash flow of −$612M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $82M | $68M | $0 | $0 | $3M |
| Cost of revenue | – | – | $0 | $0 | $17M |
| Gross profit | – | – | $0 | $0 | −$14M |
| Research & development | $697M | $677M | $716M | $676M | $745M |
| Selling, general & admin | $116M | $129M | $119M | $110M | $142M |
| Operating income | −$731M | −$1.9B | −$835M | −$786M | −$901M |
| Pre-tax income | −$760M | −$1.7B | −$796M | −$748M | −$816M |
| Income tax | −$5M | $0 | $0 | $0 | $0 |
| Net income | −$755M | −$1.7B | −$796M | −$748M | −$816M |
| Diluted EPS | −1.22 | −1.51 | −0.60 | −0.46 | −0.44 |
| Diluted shares | 621M | 1,143M | 1,327M | 1,618M | 1,839M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.6B | $262M | $501M | $211M | $221M |
| Current assets | $1.7B | $1.1B | $1.2B | $1.3B | $1.3B |
| Net PP&E | $94M | $91M | $94M | $104M | $103M |
| Goodwill | $1.1B | $0 | $0 | $0 | – |
| Total assets | $3.7B | $2B | $2.2B | $2.1B | $2.3B |
| Payables | $8M | – | – | – | – |
| Deferred revenue | $50M | $100M | $0 | $0 | – |
| Current liabilities | $91M | $83M | $111M | $105M | $111M |
| Total liabilities | $348M | $217M | $250M | $263M | $203M |
| Shareholders' equity | $3.3B | $1.8B | $2B | $1.9B | $2.1B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −$564M | −$508M | −$598M | −$611M | −$581M |
| Capital expenditure | $48M | $15M | $15M | $34M | $31M |
| Free cash flow | −$612M | −$523M | −$613M | −$645M | −$612M |
| Depreciation & amortisation | $16M | $22M | $21M | $21M | $30M |
| Stock-based compensation | $220M | $156M | $160M | $144M | $188M |
| Acquisitions | −$294M | $0 | $0 | – | – |
| Share buybacks | $755M | – | – | – | – |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −17.1% | −100.0% | – | – |
| Gross margin | – | – | – | – | −466.7% |
| Operating margin | −891.5% | −2723.5% | – | – | −30033.3% |
| Net margin | −920.7% | −2533.8% | – | – | −27200.0% |
| Return on equityBlank when equity is negative | −22.6% | −96.6% | −40.1% | −39.9% | −38.1% |
| ROCEEBIT ÷ (assets − current liabilities) | −20.3% | −96.6% | −39.3% | −38.7% | −40.4% |
| Free cash flow margin | −746.3% | −769.1% | – | – | −20400.0% |
| Cash conversion (CFO ÷ net income) | 0.75x | 0.29x | 0.75x | 0.82x | 0.71x |
| Current ratio | 18.4x | 13.5x | 11.0x | 11.9x | 11.9x |
Recent filings
More in Services-Computer Integrated Systems Design
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.