Aeva Technologies

AEVA

Auto - Parts · Technology

Price

$16.71

-0.07 (-0.39%)

Market Cap

$1.13B

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+42.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 40.2M (2021) → 57.0M (2025)

Aeva Technologies, Inc., through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application. The company was founded in 2017 is based in Mountain View, California.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+85.9% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+12.5% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$85M/ year

↓ Declining (-17% vs prior year)

472.5% of revenue

31.5x the sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

32.6%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~3 months

$31M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Strong grower

Aeva Technologies is growing revenue at 86% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

31.0%

Modest — 31.0% gross margin

Operating Margin

-561.1%

Losing money on operations — -561.1%

ROCE

-39.2%

Weak — -39.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+103.1%

Fast-growing sales (103.1% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-555.5%

Burning cash (-555.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

—

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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