Company Analysis

Aeva Technologies, Inc. (AEVA)

Nasdaq: AEVA · Motor Vehicle Parts & Accessories · Mountain View, CA · filing with the SEC since 2019
Grade3.7
◀ Past 3.0● Present 2.4▶ Future 6.0
1 est.

The grade of Aeva Technologies, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.7/10
◀ Past3.030% of the headline
● Present2.440% of the headline
▶ Future6.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.0/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.3/10

Has it survived what it has been through?

5 warning events since 2019; the latest 2025-01-16.

weight 33% of this tense · 13th percentile among 36 sector filers · read for itself

From the record

Aeva Technologies, Inc.'s filings since 2019 show 5 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2025-01-16); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-17); an auditor change (8-K item 4.01, the latest 2021-03-18); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-17) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.7/10

What has it actually done, year after year?

+53.4% a year over 7 filed years; profitable in 0 of 7.

weight 45% of this tense · 47th percentile among 34 sector filers · read for its customers

From the record

Aeva Technologies, Inc.'s 7 filed years say what it did: revenue went from $1 million in fiscal 2019 to $18 million in fiscal 2025, up 53.4% a year; it rose in 5 of 6 years; the deepest fall was 55% from fiscal 2021 to fiscal 2022; net income was positive in 0 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span53.4%top 13% of its family
  • the share of years revenue rosetop 21% of its family
  • the share of filed years with a profitbottom 6% of its family
  • the deepest fall from a revenue peak54.8%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.1/10

How has it treated the people who own it?

SI estimate 2.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 21st percentile among 35 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 21% of 35 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 35 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Aeva Technologies, Inc.'s shareholder treatment is put at 2.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 21% of 35 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.4/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
1.0/10

Is it financially healthy right now?

ROE -1100%: lost 1100¢ per shareholder dollar. Leverage 93%: owes 93¢ per asset dollar.

weight 45% of this tense · 10th percentile among 35 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Aeva Technologies, Inc. lost about 1100 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 0 cents per dollar of everything the company owns. Leverage: it owed about 93 cents per dollar of assets, and net share issuance: its share count grew 6.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 13% of its family
  • return on equitybottom 2% of its family
  • gross profit against assetsbottom 7% of its family
  • the share count against the year beforebottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.7/10

How strong is its position in its industry?

bottom 37% of 35 in its family; net margin -804.4%.

weight 33% of this tense · 37th percentile among 35 sector filers · read for its customers

From the record

Aeva Technologies, Inc.'s standing among 35 graded names in its industry family: revenue of $18 million in fiscal 2025 ranks in the bottom 10% by size; a net margin of -804.4% ranks in the bottom 7%; revenue growth of 62.8% a year over the last 3 filed years ranks in the top 7% (its annual reports).

What it rests on

  • revenue against the family$18.1Mbottom 10% of its family
  • net margin-804.4%bottom 7% of its family
  • three-year revenue growth62.8%top 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.4/10

What are the people in charge doing?

bottom 34% of 27 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 34th percentile among 27 sector filers · read for its shareholders

From the record

Aeva Technologies, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Dardashti, Soroush Salehian (Chief Executive Officer, as filed), filing under that title since 2021-03-16, 5.7 years (bottom 43% of its family); the 7 officers and directors filing in the last fifteen months have been on the record a median of 5.6 years (bottom 39%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (bottom 21%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 7 peoplebottom 21% of its family
  • the median years the people in charge have filed5.6 yearsbottom 39% of its family
  • the chief executive's years on the record5.7 yearsbottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.0/10

How much room does it have to grow?

top 50% of 35 in its family for room to expand.

weight 45% of this tense · 50th percentile among 35 sector filers · read for itself

From the record

Aeva Technologies, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $72 million against no long-term debt tagged leaves 40.2% of its assets as net cash, top 5% of its family; cash from operations less capital spending is -662% of revenue (bottom 7%); a gross margin of -3.7% (bottom 10%); research spending of 472.5% of revenue (top 12%) (its annual report).

What it rests on

  • cash less debt against assets40.2%top 5% of its family
  • cash from operations less capital spending against revenue-662.0%bottom 7% of its family
  • gross margin-3.7%bottom 10% of its family
  • research spending against revenue472.5%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.8/10

What could actually drive growth from here?

top 42% of 34 in its family for growth drivers.

weight 33% of this tense · 58th percentile among 34 sector filers · read for its customers

From the record

Aeva Technologies, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 62.8% a year over the last three filed years against 53.4% over all 7, speeding up (top 4% of its family); the newest year grew 99.5% (top 7%); research spending grew -8% a year (bottom 22%); capital spending grew -14.7% a year (bottom 20%) (its annual reports). Aeva Technologies, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+9.3 points a yeartop 4% of its family
  • the newest year's revenue growth99.5%top 7% of its family
  • three-year growth of research spending-8.0%bottom 22% of its family
  • three-year growth of capital spending-14.7%bottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.5/10

Did its newest year beat what its own record pointed to?

top 15% of 33 in its family for expectations against reality.

weight 22% of this tense · 85th percentile among 33 sector filers · read for its shareholders

From the record

Aeva Technologies, Inc.'s newest year against its own record: revenue of $18 million in fiscal 2025 came in 35.7% above the $13 million its prior three years' pace pointed to (top 8% of its family); net income of $145 million against a prior three-year average of $150 million (top 35%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 2%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace35.7%top 8% of its family
  • net income against the prior three years' average+3%top 35% of its family
  • net margin against its prior averageup more than 100 pointstop 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton AEVA · research, not advice