Aurora Innovation Inc Financials

AUR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Aurora Innovation Inc (AUR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 60/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Aurora Innovation Inc has an operating margin of -30033.3%, meaning the company retains $-30033 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.

Leverage

100

Aurora Innovation Inc carries a low D/E ratio of 0.09, meaning only $0.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 11.86, Aurora Innovation Inc holds $11.86 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Aurora Innovation Inc generated -$581.0M in operating cash flow, capex of $31.0M consumed most of it, leaving -$612.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

100

Aurora Innovation Inc earns a strong 38.1% return on equity (ROE), meaning it generates $38 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.

Piotroski F-Score Weak

3/9

Aurora Innovation Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.71x

For every $1 of reported earnings, Aurora Innovation Inc generates $0.71 in operating cash flow (-$581.0M OCF vs -$816.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$3.0M

Aurora Innovation Inc generated $3.0M in revenue in fiscal year 2025.

EBITDA

-$871.0M

YoY-13.9%

Aurora Innovation Inc's EBITDA was -$871.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.9% from the prior year.

Free Cash Flow

-$612.0M

YoY+5.1%

Aurora Innovation Inc generated -$612.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 5.1% from the prior year.

Net Income

-$816.0M

YoY-9.1%

Aurora Innovation Inc reported -$816.0M in net income in fiscal year 2025. This represents a decrease of 9.1% from the prior year.

EPS (Diluted)

$-0.44

YoY+4.3%

Aurora Innovation Inc earned $-0.44 per diluted share (EPS) in fiscal year 2025. This represents an increase of 4.3% from the prior year.

Cash & Debt

$221.0M

YoY+4.7%

5Y CAGR-10.6%

Aurora Innovation Inc held $221.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

1.94B

YoY+12.1%

Aurora Innovation Inc had 1.94B shares outstanding in fiscal year 2025. This represents an increase of 12.1% from the prior year.

Gross Margin

-466.7%

Aurora Innovation Inc's gross margin was -466.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.

Operating Margin

-30033.3%

Aurora Innovation Inc's operating margin was -30033.3% in fiscal year 2025, reflecting core business profitability.

Net Margin

-27200.0%

Aurora Innovation Inc's net profit margin was -27200.0% in fiscal year 2025, showing the share of revenue converted to profit.

Return on Equity

38.1%

Aurora Innovation Inc's ROE was 38.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

R&D Spending

$745.0M

YoY+10.2%

5Y CAGR+33.0%

Aurora Innovation Inc invested $745.0M in research and development in fiscal year 2025. This represents an increase of 10.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$31.0M

YoY-8.8%

5Y CAGR+34.7%

Aurora Innovation Inc invested $31.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 8.8% from the prior year.

AUR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.0M	$0	$0-100.0%	$68.0M-17.1%	$82.0M	$0
Cost of Revenue	$17.0M	$0	$0	N/A	N/A	N/A
Gross Profit	-$14.0M	$0	$0	N/A	N/A	N/A
R&D Expenses	$745.0M+10.2%	$676.0M-5.6%	$716.0M+5.8%	$677.0M-2.9%	$697.0M+289.4%	$179.0M
SG&A Expenses	$142.0M+29.1%	$110.0M-7.6%	$119.0M-7.8%	$129.0M+11.2%	$116.0M+197.4%	$39.0M
Operating Income	-$901.0M-14.6%	-$786.0M+5.9%	-$835.0M+54.9%	-$1.9B-153.4%	-$731.0M-235.3%	-$218.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0+100.0%	-$5.0M	$0
Net Income	-$816.0M-9.1%	-$748.0M+6.0%	-$796.0M+53.8%	-$1.7B-128.2%	-$755.0M-252.8%	-$214.0M
EPS (Diluted)	$-0.44+4.3%	$-0.46+23.3%	$-0.60+60.3%	$-1.51-23.8%	$-1.22-54.4%	$-0.79

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'23
Revenue	N/A	$1.0M0.0%	$1.0M	N/A	N/A	N/A	N/A	$0
Cost of Revenue	N/A	$6.0M+20.0%	$5.0M	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	-$5.0M-25.0%	-$4.0M	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	$179.0M-5.8%	$190.0M+4.4%	$182.0M	N/A	N/A	$182.0M-2.7%	$187.0M
SG&A Expenses	N/A	$38.0M+5.6%	$36.0M+24.1%	$29.0M	N/A	N/A	$30.0M0.0%	$30.0M
Operating Income	N/A	-$222.0M+3.5%	-$230.0M-9.0%	-$211.0M	N/A	N/A	-$212.0M+2.3%	-$217.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$0	$0	$0	N/A	N/A	$0	$0
Net Income	N/A	-$201.0M0.0%	-$201.0M+3.4%	-$208.0M	N/A	N/A	-$190.0M+12.8%	-$218.0M
EPS (Diluted)	N/A	$-0.110.0%	$-0.11+8.3%	$-0.12	N/A	N/A	$-0.13+27.8%	$-0.18

AUR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.3B+9.6%	$2.1B-4.3%	$2.2B+11.7%	$2.0B-45.8%	$3.7B+496.2%	$618.9M
Current Assets	$1.3B+5.0%	$1.3B+3.0%	$1.2B+8.9%	$1.1B-33.3%	$1.7B+312.6%	$406.4M
Cash & Equivalents	$221.0M+4.7%	$211.0M-57.9%	$501.0M+91.2%	$262.0M-83.7%	$1.6B+315.6%	$387.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	$0	$0	$0-100.0%	$1.1B+3607.5%	$30.0M
Total Liabilities	$203.0M-22.8%	$263.0M+5.2%	$250.0M+15.2%	$217.0M-37.6%	$348.0M-61.2%	$895.9M
Current Liabilities	$111.0M+5.7%	$105.0M-5.4%	$111.0M+33.7%	$83.0M-8.8%	$91.0M+184.8%	$32.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.1B+14.1%	$1.9B-5.5%	$2.0B+11.3%	$1.8B-46.6%	$3.3B+1306.5%	-$277.0M
Retained Earnings	-$5.2B-18.7%	-$4.4B-20.7%	-$3.6B-28.3%	-$2.8B-157.9%	-$1.1B-5859191.1%	-$19K

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'23
Total Assets	$2.3B-6.7%	$2.5B+13.4%	$2.2B+6.9%	$2.1B-3.1%	$2.1B-4.3%	$2.2B-5.1%	$2.4B+40.2%	$1.7B
Current Assets	$1.3B+2.6%	$1.3B-4.2%	$1.3B+12.3%	$1.2B-4.9%	$1.3B+3.0%	$1.2B-17.9%	$1.5B+86.2%	$796.0M
Cash & Equivalents	$221.0M+154.0%	$87.0M-57.8%	$206.0M+21.2%	$170.0M-19.4%	$211.0M-57.9%	$501.0M-47.4%	$953.0M+477.6%	$165.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	$0	$0	N/A	$113.7M
Total Liabilities	$203.0M-7.3%	$219.0M-1.8%	$223.0M-22.0%	$286.0M+8.7%	$263.0M+5.2%	$250.0M+13.6%	$220.0M-3.9%	$229.0M
Current Liabilities	$111.0M+32.1%	$84.0M+6.3%	$79.0M-36.8%	$125.0M+19.0%	$105.0M-5.4%	$111.0M+22.0%	$91.0M+7.1%	$85.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.1B-6.6%	$2.3B+15.1%	$2.0B+11.5%	$1.8B-4.8%	$1.9B-5.5%	$2.0B-7.0%	$2.1B+47.2%	$1.4B
Retained Earnings	-$5.2B-4.1%	-$5.0B-4.2%	-$4.8B-4.4%	-$4.6B-4.8%	-$4.4B-20.7%	-$3.6B-5.6%	-$3.4B-5.9%	-$3.2B

AUR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$581.0M+4.9%	-$611.0M-2.2%	-$598.0M-17.7%	-$508.0M+9.9%	-$564.0M-193.8%	-$192.0M
Capital Expenditures	$31.0M-8.8%	$34.0M+126.7%	$15.0M0.0%	$15.0M-68.8%	$48.0M+585.7%	$7.0M
Free Cash Flow	-$612.0M+5.1%	-$645.0M-5.2%	-$613.0M-17.2%	-$523.0M+14.5%	-$612.0M-207.5%	-$199.0M
Investing Cash Flow	-$245.0M-42.4%	-$172.0M-2250.0%	$8.0M+100.9%	-$852.0M-440.8%	$250.0M-27.1%	$343.0M
Financing Cash Flow	$834.0M+69.5%	$492.0M-40.8%	$831.0M+7454.5%	$11.0M-99.3%	$1.5B+76900.0%	$2.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$754.6M	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'23
Operating Cash Flow	-$146.0M+2.0%	-$149.0M-3.5%	-$144.0M-1.4%	-$142.0M0.0%	-$142.0M-6.8%	-$133.0M+9.5%	-$147.0M+19.2%	-$182.0M
Capital Expenditures	$8.0M0.0%	$8.0M+14.3%	$7.0M-12.5%	$8.0M0.0%	$8.0M+100.0%	$4.0M-20.0%	$5.0M+25.0%	$4.0M
Free Cash Flow	-$154.0M+1.9%	-$157.0M-4.0%	-$151.0M-0.7%	-$150.0M0.0%	-$150.0M-9.5%	-$137.0M+9.9%	-$152.0M+18.3%	-$186.0M
Investing Cash Flow	$273.0M+165.2%	-$419.0M-255.1%	-$118.0M-721.1%	$19.0M-74.0%	$73.0M+122.5%	-$324.0M-411.5%	$104.0M-40.2%	$174.0M
Financing Cash Flow	$6.0M-98.7%	$448.0M+50.3%	$298.0M+263.4%	$82.0M+382.4%	$17.0M+325.0%	$4.0M-99.5%	$832.0M+16740.0%	-$5.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AUR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	-466.7%	N/A	N/A	N/A	N/A	N/A
Operating Margin	-30033.3%	N/A	N/A	-2723.5%-1832.1pp	-891.5%	N/A
Net Margin	-27200.0%	N/A	N/A	-2533.8%-1613.1pp	-920.7%	N/A
Return on Equity	38.1%	N/A	N/A	N/A	N/A	N/A
Return on Assets	-34.8%+0.2pp	-35.0%+0.6pp	-35.6%+50.5pp	-86.1%-65.6pp	-20.5%+14.1pp	-34.6%
Current Ratio	11.86-0.1	11.94+1.0	10.96-2.5	13.47-5.0	18.43+5.7	12.72
Debt-to-Equity	0.09-0.0	0.14+0.0	0.130.0	0.12+0.0	0.10+3.3	-3.23
FCF Margin	-20400.0%	N/A	N/A	-769.1%-22.8pp	-746.3%	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'23
Gross Margin	N/A	-500.0%-100.0pp	-400.0%	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	-22200.0%+800.0pp	-23000.0%	N/A	N/A	N/A	N/A	-5700.0%
Net Margin	N/A	-20100.0%0.0pp	-20100.0%	N/A	N/A	N/A	N/A	-5495.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	-8.0%+1.1pp	-9.1%+1.0pp	-10.0%	N/A	N/A	-8.1%+4.9pp	-13.0%
Current Ratio	11.86-3.4	15.29-1.7	16.96+7.4	9.54-2.4	11.94+1.0	10.96-5.3	16.29+6.9	9.36
Debt-to-Equity	0.090.0	0.10-0.0	0.11-0.0	0.16+0.0	0.14+0.0	0.13+0.0	0.10-0.1	0.16
FCF Margin	N/A	-15700.0%-600.0pp	-15100.0%	N/A	N/A	N/A	N/A	-442.9%

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Frequently Asked Questions

What is Aurora Innovation Inc's annual revenue?

Aurora Innovation Inc (AUR) reported $3.0M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Aurora Innovation Inc profitable?

No, Aurora Innovation Inc (AUR) reported a net income of -$816.0M in fiscal year 2025, with a net profit margin of -27200.0%.

What is Aurora Innovation Inc's earnings per share (EPS)?

Aurora Innovation Inc (AUR) reported diluted earnings per share of $-0.44 for fiscal year 2025. This represents a 4.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Aurora Innovation Inc's EBITDA?

Aurora Innovation Inc (AUR) had EBITDA of -$871.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Aurora Innovation Inc's gross margin?

Aurora Innovation Inc (AUR) had a gross margin of -466.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Aurora Innovation Inc's operating margin?

Aurora Innovation Inc (AUR) had an operating margin of -30033.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Aurora Innovation Inc's net profit margin?

Aurora Innovation Inc (AUR) had a net profit margin of -27200.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Aurora Innovation Inc's return on equity (ROE)?

Aurora Innovation Inc (AUR) has a return on equity of 38.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Aurora Innovation Inc's free cash flow?

Aurora Innovation Inc (AUR) generated -$612.0M in free cash flow during fiscal year 2025. This represents a 5.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Aurora Innovation Inc's operating cash flow?

Aurora Innovation Inc (AUR) generated -$581.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Aurora Innovation Inc's total assets?

Aurora Innovation Inc (AUR) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Aurora Innovation Inc's capital expenditures?

Aurora Innovation Inc (AUR) invested $31.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Aurora Innovation Inc spend on research and development?

Aurora Innovation Inc (AUR) invested $745.0M in research and development during fiscal year 2025.

How many shares does Aurora Innovation Inc have outstanding?

Aurora Innovation Inc (AUR) had 1.94B shares outstanding as of fiscal year 2025.

What is Aurora Innovation Inc's current ratio?

Aurora Innovation Inc (AUR) had a current ratio of 11.86 as of fiscal year 2025, which is generally considered healthy.

What is Aurora Innovation Inc's debt-to-equity ratio?

Aurora Innovation Inc (AUR) had a debt-to-equity ratio of 0.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Aurora Innovation Inc's return on assets (ROA)?

Aurora Innovation Inc (AUR) had a return on assets of -34.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Aurora Innovation Inc's cash runway?

Based on fiscal year 2025 data, Aurora Innovation Inc (AUR) had $221.0M in cash against an annual operating cash burn of $581.0M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Aurora Innovation Inc's Piotroski F-Score?

Aurora Innovation Inc (AUR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Aurora Innovation Inc's earnings high quality?

Aurora Innovation Inc (AUR) has an earnings quality ratio of 0.71x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Aurora Innovation Inc?

Aurora Innovation Inc (AUR) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.