Quarterly ResultMay 8, 2026, 06:08 AM
Aeva Q1 Revenue +86% to $6.26M; Net Loss $(35.0)M
AI Summary
Aeva Technologies reported a significant increase in total revenues for Q1 2026, reaching $6.26 million, an 86% increase year-over-year, primarily driven by professional service revenue. Despite this growth, the company's net loss slightly widened to $35.0 million, though net loss per share improved. The company's total stockholders' equity shifted to a deficit of $12.4 million, and cash and cash equivalents decreased to $31.2 million. Aeva highlighted its Standby Equity Purchase Agreement with Sylebra, providing access to up to $125 million in funding, with all conditions met as of March 31, 2026.
Key Highlights
- Total revenues for Q1 2026 rose 86% to $6.26 million from $3.37 million year-over-year.
- Professional service revenue increased 332% to $3.84 million in Q1 2026.
- Net loss for Q1 2026 was $(35.0) million, a slight increase from $(34.9) million in Q1 2025.
- Net loss per share improved to $(0.56) in Q1 2026 from $(0.64) in Q1 2025.
- Cash and cash equivalents decreased to $31.2 million as of March 31, 2026.
- Total stockholders' equity moved to a deficit of $(12.4) million as of March 31, 2026.
- Net cash used in operating activities decreased to $(25.8) million in Q1 2026.
- EMEA revenue grew significantly to $3.86 million, representing 62% of total revenue.
Price Impact
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