AUR

MKT CAP:$10B

Aurora Innovation, Inc.

Market Cap

$10B

Technology·Information Technology Services·🇺🇸 United States·NASDAQ

Technology·IT Services·🇺🇸·NASDAQ

Stock Price

$4.82+$0.95 (+24.55%)

Apr 23, 2026

Company Details

Aurora Innovation, Inc. operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and i...

CEO

Christopher Urmson

IPO Date

May 10, 2021

Website

aurora.tech

Key Metrics TTM

Revenue

$3M

— YoY

Net Income

-$816M

EPS (Diluted)

-$0.45

Free Cash Flow

-$612M

Revenue / Share

$0.00

Gross Margin

-466.7%

Operating Margin

-30033.3%

Net Margin

-27200.0%

FCF Margin

-20400.0%

P/S

3207.9x

P/E

—

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Feb 11, 2026

$3MEPS -$0.44

Q4 2025

Feb 11, 2026

$1MEPS -$0.11

Q3 2025

Oct 28, 2025

$1MEPS -$0.11

Q2 2025

Jul 30, 2025

$1MEPS -$0.11

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$26M	-$194M	-$229M
Q1 22	$42M	-$112M	-$143M
Q3 22	$3M	-$167M	-$200M
Q4 22	$2M	-$167M	-$312M
Q1 23	$0	-$177M	-$208M
Q2 23	$0	-$187M	-$217M
Q3 23	$0	-$182M	-$212M
Q4 23	$0	-$170M	-$198M
Q1 24	$0	-$166M	-$193M
Q2 24	$0	-$170M	-$198M
Q3 24	$0	-$169M	-$196M
Q4 24	$0	-$171M	-$199M
Q1 25	$0	-$182M	-$211M
Q2 25	$1M	-$194M	-$230M
Q3 25	$1M	-$18M	-$222M
Q4 25	$1M	$380M	-$238M

Valuation

Quarter	P/S	P/E
Q4 21	117.4x	—
Q1 22	77.6x	—
Q3 22	75.8x	—
Q4 22	131.1x	—
Q1 23	204.8x	—
Q2 23	1924.7x	—
Q3 23	4811.8x	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	9623.6x	—
Q3 25	4811.8x	—
Q4 25	3207.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$136M	-$141M
Q2 22	-$90M	-$93M
Q3 22	-$142M	-$145M
Q4 22	-$140M	-$143M
Q1 23	-$136M	-$138M
Q2 23	-$182M	-$186M
Q3 23	-$147M	-$152M
Q4 23	-$133M	-$137M
Q1 24	-$150M	-$158M
Q2 24	-$176M	-$187M
Q3 24	-$143M	-$150M
Q4 24	-$142M	-$150M
Q1 25	-$142M	-$150M
Q2 25	-$144M	-$151M
Q3 25	-$149M	-$157M
Q4 25	-$146M	-$154M

Capital Expenditures

Quarter	CapEx
Q1 22	$5M
Q2 22	$4M
Q3 22	$3M
Q4 22	$3M
Q1 23	$2M
Q2 23	$4M
Q3 23	$5M
Q4 23	$4M
Q1 24	$8M
Q2 24	$11M
Q3 24	$7M
Q4 24	$8M
Q1 25	$8M
Q2 25	$7M
Q3 25	$8M
Q4 25	$8M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	—	+284.0%
Q1 22	—	-3.5%
Q3 22	—	+11.9%
Q4 22	-96.4%	+70.6%
Q1 23	-100.0%	-18.7%
Q2 23	-100.0%	+17.3%
Q3 23	-100.0%	+4.4%
Q4 23	-100.0%	-36.9%
Q1 24	—	-7.2%
Q2 24	—	-8.8%
Q3 24	—	-7.5%
Q4 24	—	+0.5%
Q1 25	—	+9.3%
Q2 25	—	+16.7%
Q3 25	—	+13.8%
Q4 25	—	+20.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$29M	69.0%
Q2 22	$0	—
Q3 22	$0	0.0%
Q4 22	$44M	2183.5%
Q1 23	$39M	—
Q2 23	$43M	—
Q3 23	$41M	—
Q4 23	$37M	—
Q1 24	$36M	—
Q2 24	$38M	—
Q3 24	$35M	—
Q4 24	$35M	—
Q1 25	$34M	—
Q2 25	$55M	5500.0%
Q3 25	$51M	5100.0%
Q4 25	$48M	4800.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 21	$220M	$36M
Q1 22	$154M	$31M
Q3 22	$170M	$33M
Q4 22	$169M	$31M
Q1 23	$177M	$31M
Q2 23	$187M	$30M
Q3 23	$182M	$30M
Q4 23	$170M	$28M
Q1 24	$166M	$27M
Q2 24	$170M	$28M
Q3 24	$169M	$27M
Q4 24	$171M	$28M
Q1 25	$166M	$29M
Q2 25	$190M	$36M
Q3 25	$179M	$25M
Q4 25	$194M	$39M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$504M	$964M	$1.5B
Q2 22	$549M	$829M	$1.4B
Q3 22	$487M	$751M	$1.2B
Q4 22	$262M	$839M	$1.1B
Q1 23	$175M	$791M	$966M
Q2 23	$165M	$620M	$785M
Q3 23	$953M	$518M	$1.5B
Q4 23	$501M	$699M	$1.2B
Q1 24	$454M	$662M	$1.1B
Q2 24	$402M	$618M	$1.0B
Q3 24	$263M	$985M	$1.2B
Q4 24	$211M	$1.0B	$1.2B
Q1 25	$170M	$989M	$1.2B
Q2 25	$206M	$1.1B	$1.3B
Q3 25	$87M	$1.2B	$1.2B
Q4 25	$221M	$1.1B	$1.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	1.12B	-0.1%	+57.8%
Q1 22	1.13B	+0.2%	+0.2%
Q3 22	1.15B	+2.3%	+2.5%
Q4 22	1.16B	+0.9%	+3.4%
Q1 23	1.17B	+0.7%	+4.1%
Q2 23	1.18B	+0.8%	+4.7%
Q3 23	1.43B	+21.5%	+24.3%
Q4 23	1.52B	+6.2%	+30.9%
Q1 24	1.54B	+1.1%	+31.4%
Q2 24	1.55B	+1.1%	+31.8%
Q3 24	1.66B	+6.6%	+15.7%
Q4 24	1.72B	+3.9%	+13.2%
Q1 25	1.74B	+1.3%	+13.5%
Q2 25	1.78B	+2.4%	+14.9%
Q3 25	1.89B	+5.9%	+14.1%
Q4 25	1.94B	+2.3%	+12.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$16.5K	2K
Q1 22	$26.3K	2K
Q3 22	$1.9K	2K
Q4 22	$1.2K	2K
Q1 23	$0	2K
Q2 23	$0	2K
Q3 23	$0	2K
Q4 23	$0	2K
Q1 24	$0	2K
Q2 24	$0	2K
Q3 24	$0	2K
Q4 24	$0	2K
Q1 25	$0	2K
Q2 25	$556	2K
Q3 25	$556	2K
Q4 25	$526	2K

Revenue / Employee