Aurora Innovation (AUR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AUR SEC filings page.
Aurora Innovation, Inc. (AUR) reported $3.0M in revenue for fiscal year 2025. This page shows its 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).
Development-stage economics dominate Aurora: research spending and operating cash use vastly exceed its still-small reported revenue.
The funding pattern is more revealing than the loss alone: FY2025 operating cash flow was-$581M while financing cash flow was$834M , so external funding—not customer receipts—offset the operating outflow. R&D spending reached$745M against just$3M of revenue, showing that current investment is being made far ahead of commercial scale.
Revenue was
The balance sheet is lightly burdened by reported liabilities: they were
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Aurora Innovation, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Aurora Innovation, Inc. held $1.5B in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $581.0M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Aurora Innovation, Inc. scores 59/100 among other emerging companies.
Aurora Innovation, Inc. had 1.94B shares outstanding at the end of fiscal year 2025, against 1.73B in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Aurora Innovation, Inc. scores 45/100 among other emerging companies.
Aurora Innovation, Inc. spent $745.0M on research and development in fiscal year 2025, which was 82.4% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Aurora Innovation, Inc. scores 98/100 among other emerging companies.
Not available for Aurora Innovation, Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Aurora Innovation, Inc.'s operations used $581.0M of cash in fiscal year 2025, against $611.0M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Aurora Innovation, Inc. scores 49/100 among other emerging companies.
Aurora Innovation, Inc.'s cash, cash equivalents and investments came to $1.5B at the end of fiscal year 2025, against $203.0M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Aurora Innovation, Inc. scores 93/100 among other emerging companies.
Aurora Innovation, Inc. scores 24.75, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $9.6B against total liabilities of $203.0M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Aurora Innovation, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.
Aurora Innovation, Inc. reported a net loss of $816.0M while operations used $581.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Aurora Innovation, Inc. generated $2.0M in revenue in Q2 2026. This represents an increase of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.
Aurora Innovation, Inc.'s EBITDA was -$260.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Aurora Innovation, Inc. reported a net loss of $270.0M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Aurora Innovation, Inc. earned -$0.14 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Aurora Innovation, Inc. recorded an outflow of $256.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Aurora Innovation, Inc. held $136.0M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
Aurora Innovation, Inc.'s quarterly ROE was -13.8% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Aurora Innovation, Inc. invested $211.0M in research and development in Q2 2026. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 8.2%.
Aurora Innovation, Inc. invested $31.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 342.9% from the same quarter a year earlier. Against the prior quarter it is up 24.0%.
Not reported for Q2 2026.
AUR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0M+100.0% | $1.0Mn/m | N/A | $1.0Mn/m | $1.0Mn/m | $0 | N/A | $0 |
| Cost of Revenue | $7.0M+40.0% | $6.0Mn/m | N/A | $6.0Mn/m | $5.0Mn/m | $0 | N/A | $0 |
| Gross Profit | -$5.0Mn/m | -$5.0Mn/m | N/A | -$5.0Mn/m | -$4.0Mn/m | $0 | N/A | $0 |
| R&D Expenses | $211.0M+11.1% | $195.0M+7.1% | N/A | $179.0M+5.9% | $190.0M+11.8% | $182.0M+9.6% | N/A | $169.0M-7.1% |
| SG&A Expenses | $50.0M+38.9% | $44.0M+51.7% | N/A | $38.0M+40.7% | $36.0M+28.6% | $29.0M+7.4% | N/A | $27.0M-10.0% |
| Operating Income | -$266.0Mn/m | -$244.0Mn/m | N/A | -$222.0Mn/m | -$230.0Mn/m | -$211.0Mn/m | N/A | -$196.0Mn/m |
| EBITDA | -$260.0Mn/m | -$238.0Mn/m | N/A | -$216.0Mn/m | -$225.0Mn/m | -$205.0Mn/m | N/A | -$192.0Mn/m |
| Income Tax | $0n/m | $0n/m | N/A | $0n/m | $0n/m | $0n/m | N/A | $0n/m |
| Net Income | -$270.0Mn/m | -$223.0Mn/m | N/A | -$201.0Mn/m | -$201.0Mn/m | -$208.0Mn/m | N/A | -$208.0Mn/m |
| EPS (Basic) | -$0.14n/m | -$0.11n/m | -$0.10n/m | -$0.11n/m | -$0.11n/m | -$0.12n/m | -$0.11n/m | -$0.13n/m |
| EPS (Diluted) | -$0.14n/m | -$0.11n/m | -$0.10n/m | -$0.11n/m | -$0.11n/m | -$0.12n/m | -$0.11n/m | -$0.13n/m |
| Diluted Shares (Avg) | 1.98B+10.7% | 1.95B+11.7% | N/A | 1.89B+14.1% | 1.78B+14.9% | 1.74B+13.5% | N/A | 1.66B+15.7% |
Not reported in any period shown, so not listed: Interest Expense.
AUR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.2B-2.1% | $2.2B+5.5% | $2.3B+9.6% | $2.5B+10.8% | $2.2B+15.7% | $2.1B-0.9% | $2.1B-4.3% | $2.3B-3.8% |
| Current Assets | $1.3B-6.6% | $1.3B+6.6% | $1.3B+5.0% | $1.3B+0.7% | $1.3B+28.5% | $1.2B+4.5% | $1.3B+3.0% | $1.3B-14.0% |
| Cash & Equivalents | $136.0M-34.0% | $273.0M+60.6% | $221.0M+4.7% | $87.0M-66.9% | $206.0M-48.8% | $170.0M-62.6% | $211.0M-57.9% | $263.0M-72.4% |
| Short-Term Investments | $1.1B-2.0% | $952.0M-3.7% | $1.1B+4.2% | $1.2B+17.8% | $1.1B+78.5% | $989.0M+49.4% | $1.0B+44.8% | $985.0M+90.2% |
| Long-Term Investments | $0n/m | $52.0Mn/m | $183.0Mn/m | $357.0M+243.3% | $0n/m | $0-100.0% | $0-100.0% | $104.0Mn/m |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $0n/m | N/A |
| Total Liabilities | $214.0M-4.0% | $221.0M-22.7% | $203.0M-22.8% | $219.0M-11.3% | $223.0M+13.2% | $286.0M+23.8% | $263.0M+5.2% | $247.0M+12.3% |
| Current Liabilities | $110.0M+39.2% | $134.0M+7.2% | $111.0M+5.7% | $84.0M-9.7% | $79.0M-2.5% | $125.0M+13.6% | $105.0M-5.4% | $93.0M+2.2% |
| Non-Current Liabilities | $104.0M-27.8% | $87.0M-46.0% | $92.0M-41.8% | $135.0M-12.3% | $144.0M+24.1% | $161.0M+33.1% | $158.0M+13.7% | $154.0M+19.4% |
| Total Equity | $2.0B-1.9% | $2.0B+10.0% | $2.1B+14.1% | $2.3B+13.5% | $2.0B+16.0% | $1.8B-3.9% | $1.9B-5.5% | $2.0B-5.4% |
| Retained Earnings | -$5.7Bn/m | -$5.4Bn/m | -$5.2Bn/m | -$5.0Bn/m | -$4.8Bn/m | -$4.6Bn/m | -$4.4Bn/m | -$4.2Bn/m |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Long-Term Debt.
AUR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$225.0Mn/m | -$159.0Mn/m | -$146.0Mn/m | -$149.0Mn/m | -$144.0Mn/m | -$142.0Mn/m | -$142.0Mn/m | -$143.0Mn/m |
| Depreciation & Amortization | $6.0M+20.0% | $6.0M0.0% | $13.0M+116.7% | $6.0M+50.0% | $5.0M-16.7% | $6.0M+20.0% | $6.0M0.0% | $4.0M-20.0% |
| Stock-Based Compensation | $60.0M+9.1% | $46.0M+35.3% | N/A | $51.0M+45.7% | $55.0M+44.7% | $34.0M-5.6% | N/A | $35.0M-14.6% |
| Capital Expenditures | $31.0M+342.9% | $25.0M+212.5% | $8.0M0.0% | $8.0M+14.3% | $7.0M-36.4% | $8.0M0.0% | $8.0M+100.0% | $7.0M+40.0% |
| Free Cash Flow | -$256.0Mn/m | -$184.0Mn/m | -$154.0Mn/m | -$157.0Mn/m | -$151.0Mn/m | -$150.0Mn/m | -$150.0Mn/m | -$150.0Mn/m |
| Investing Cash Flow | -$109.0Mn/m | $209.0M+1000.0% | $273.0M+274.0% | -$419.0Mn/m | -$118.0M-198.3% | $19.0M-81.2% | $73.0Mn/m | -$466.0M-548.1% |
| Financing Cash Flow | $199.0M-33.2% | $4.0M-95.1% | $6.0M-64.7% | $448.0M-4.5% | $298.0M+7350.0% | $82.0M+4000.0% | $17.0M+325.0% | $469.0M-43.6% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
AUR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -250.0% | -500.0% | N/A | -500.0% | -400.0% | N/A | N/A | N/A |
| Operating Margin | -13300.0% | -24400.0% | N/A | -22200.0% | -23000.0% | N/A | N/A | N/A |
| Net Margin | -13500.0% | -22300.0% | N/A | -20100.0% | -20100.0% | N/A | N/A | N/A |
| Return on Equity | -13.8%-3.7pp | -11.3%+0.3pp | N/A | -8.8%+1.5pp | -10.1%+0.5pp | -11.7%-2.8pp | N/A | -10.3%-1.4pp |
| Return on Assets | -12.5%-3.4pp | -10.2%-0.2pp | N/A | -8.0%+1.2pp | -9.1%+0.4pp | -10.0%-2.1pp | N/A | -9.2%-1.1pp |
| Current Ratio | 11.38-5.6x | 9.49-0.1x | 11.86-0.1x | 15.29+1.6x | 16.96+4.1x | 9.54-0.8x | 11.94+1.0x | 13.71-2.6x |
| Liabilities-to-Equity | 0.110.0x | 0.110.0x | 0.090.0x | 0.100.0x | 0.110.0x | 0.160.0x | 0.140.0x | 0.120.0x |
| Asset Turnover | 0.000.0x | 0.000.0x | N/A | 0.000.0x | 0.000.0x | 0.00 | N/A | 0.00 |
| FCF Margin | -12800.0% | -18400.0% | N/A | -15700.0% | -15100.0% | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Aurora Innovation, Inc. AUR | FY2025 | $3.0M | -$816.0M | N/A | $9.6B | 69/100 |
| Henry (Jack) & Associates JKHY | FY2026 | $2.5B | $502.8M | 19.8% | $11.4B | 74/100 |
| CACI INTERNATIONAL CLA CACI | FY2026 | $9.6B | $535.8M | 5.6% | $14.0B | 54/100 |
| Gartner, Inc. IT | FY2025 | $6.5B | $729.2M | 11.2% | $14.5B | 63/100 |
| CDW Corporation CDW | FY2025 | $22.4B | $1.1B | 4.8% | $20.6B | 51/100 |
| Leidos Holdings, Inc. LDOS | FY2025 | $17.2B | $1.4B | 8.4% | $17.1B | 57/100 |
Where Aurora Innovation, Inc. Ranks
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. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 loss of $816.0M in fiscal year 2025.
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 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) recorded an outflow of $612.0M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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) recorded an outflow of $581.0M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 liabilities-to-equity ratio?
Aurora Innovation, Inc. (AUR) had a liabilities-to-equity ratio of 0.09 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
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 P/E ratio?
Aurora Innovation, Inc. (AUR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $9.6B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Aurora Innovation, Inc.'s price-to-sales ratio?
Aurora Innovation, Inc. (AUR) has no price-to-sales ratio at the moment: outside the range published as a multiple (on $3.0M revenue, FY2025). The market capitalization is $9.6B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Aurora Innovation, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Aurora Innovation, Inc. (AUR) held $1.5B in cash, cash equivalents and investments, and reported an operating cash outflow of $581.0M over that year. Dividing the one by the other, the reported balance equals about 30 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Aurora Innovation, Inc.'s Altman Z-Score?
Aurora Innovation, Inc. (AUR) has an Altman Z-Score of 24.75, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Aurora Innovation, Inc.'s Piotroski F-Score?
Aurora Innovation, Inc. (AUR) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $816.0M while operations used $581.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 69 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Aurora Innovation, Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.