Aeva Technologies Inc. Common Stock (AEVA)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett-Graham style investor, I start with durable earning power and a margin of safety. Aeva has neither today. In fiscal 2025, the year ended 2025-12-31, revenue was $18.1M, but net income was -$145.4M and diluted EPS was -$2.55. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $6.1M while net income was -$79.6M, so the loss dwarfed sales. Trailing free cash flow was -$116.7M, and the FairStock FCF yield was -13.8% against the 2026-10-13 close. The balance-sheet and return metrics are unsettling: debt-to-equity is 3.72, FairStock ROE is -516.07%, FairStock ROCE is -51.72%, and FairStock Altman Z-Score is -2.35. Those do not describe a fortress. The business sells LiDAR sensing systems and related perception software. A moat is possible if its FMCW technology becomes a standard, but filed numbers do not yet prove pricing power or scale. There is some progress: fiscal 2025 revenue of $18.1M rose from $9.1M in fiscal 2024, and the fiscal Q2 2026 net loss of $79.6M was smaller than the fiscal Q2 2025 net loss of $192.7M. Still, growth that consumes capital can destroy value. At a market cap of $848.3M, FairStock shows P/B of 30.43 and P/E of -57.95. With negative cash flow and FairStock Piotroski F-Score of 4/9, I see a speculative technology option rather than a bargain.

In plain English: Aeva makes advanced sensors and software that help vehicles and machines see their surroundings. The business is still very small and has lost money every year in the past four years; it spends far more than it earns. At the recent price, the shares look expensive compared with its tiny sales and large losses.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer