Aeva Technologies 2025 Q2 Earnings Revenue Surges 173.9%, but Losses Widen 325.6%

Aeva Technologies (NASDAQ: AEVA) reported mixed financial results for its fiscal 2025 Q2 earnings, with a significant revenue increase but a sharp deterioration in profitability. The company exceeded revenue expectations and reiterated its growth guidance, but the widening net loss and stock price decline point to ongoing operational and market challenges.

Aeva Technologies reported a total revenue increase of 173.9% to $5.51 million in 2025 Q2, driven by continued commercial momentum in its 4D LiDAR technology. The company reiterated its 2025 revenue guidance of $15 million to $18 million, reflecting year-over-year growth of approximately 70% to 100%. However, the company’s losses deepened significantly, with a net loss of $-192.74 million, or $3.49 per share, compared to a $-43.39 million loss, or $0.82 per share, in the same period last year.

Revenue
Aeva’s Q2 revenue surged to $5.51 million, representing a 173.9% increase from $2.01 million in the year-ago quarter. The revenue growth was driven by continued commercial momentum and record performance across multiple markets.

Earnings/Net Income
Despite the impressive top-line growth, Aeva posted a net loss of $-192.74 million, or $3.49 per share, compared to a $-43.39 million loss, or $0.82 per share, in 2024 Q2. The company’s losses widened by 325.6%, underscoring ongoing financial challenges as it scales operations and invests in research and development.

The EPS result highlights the company’s continued financial challenges, as the significant widening in the net loss per share indicates that profitability remains a distant goal.

Price Action
The stock price of Aeva Technologies has experienced a sharp decline in recent trading sessions. The stock dropped 6.20% during the latest trading day, plummeted 29.18% during the most recent full trading week, and fell 59.07% month-to-date, reflecting heightened investor concern over the earnings results and broader market conditions.

Post-Earnings Price Action Review
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CEO Commentary
Aeva’s CEO, Jim Frank, emphasized the company’s sustained momentum in business performance, particularly in automotive and industrial applications of its 4D LiDAR technology. While acknowledging challenges in scaling production and securing long-term contracts, Frank highlighted increasing design wins and partnerships as key to future scalability. The company is prioritizing R&D investments to enhance sensor capabilities and expanding its market presence through strategic alliances. Frank expressed cautious optimism about the company’s future, emphasizing financial discipline alongside high-impact growth opportunities.

Guidance
Aeva expects fiscal year 2025 revenue to fall between $15 million and $18 million, reflecting 70% to 100% year-over-year growth. The company did not provide specific EPS guidance but reiterated a focus on operational efficiency and capital expenditure optimization to support long-term growth. These forward-looking expectations are subject to risks and uncertainties.

Additional News
Aeva announced a strategic collaboration with LG Innotek to accelerate the expansion of its 4D LiDAR perception platform across automotive, robotics, and consumer applications. LG Innotek’s investment, valued at $77.5 million as of June 30, 2025, is expected to convert to equity upon closing. Aeva also partnered with Bendix, a leader in ADAS solutions, to bring 4D LiDAR to L2+ collision mitigation in high-volume commercial vehicle markets. The company highlighted design wins with major automotive and industrial players, including Daimler Truck, Torc Robotics, and Nikon, as part of its broader growth strategy. At Aeva Day in New York, the company outlined its vision for mass-scale deployment of 4D LiDAR across multiple industries.