Filing Flows › Aeva Technologies (AEVA) › Q1 2026
Aeva Technologies (AEVA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Aeva Technologies (AEVA) reported revenue of $6.3M for the first quarter 2026 (Q1 2026), +86% from a year earlier and +11% from the quarter before. Operating margin was -561.1%, net loss $35.0M (558.6% of revenue).
Aeva Technologies, Q1 2026: revenue $6.3M (+86% year over year), operating margin -561.1%, net loss $35.0M, operating cash flow −$25.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3M | +11% | +86% |
| Operating profit | −$35.1M | — | — |
| Net earnings | −$35.0M | — | — |
| Operating cash flow | −$25.8M | — | — |
What changed
Revenue was $6.3M in Q1 2026, up 86% year over year and up 11% from the previous quarter. Professional Service was the largest line at 61% of revenue. Professional Service added $2.9M year over year (up 332%), 102% of the total change. Product declined 2%.
Gross margin was 31.0%, up 21.8 points from Q1 2025. Operating costs exceeded revenue by $35.1M, an operating margin of -561.1%. Operating expenses grew 21% against revenue growth of 86%. The fastest-growing cost line was General & admin (+71%). The quarter ended with a net loss of $35.0M, wider than the previous quarter's $25.3M loss.
Operating cash flow was −$25.8M. Non-cash charges added back $1.3M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $2.2M exceeded it, leaving free cash flow of −$28.1M.
Questions
What was Aeva Technologies' revenue in the first quarter 2026?
Aeva Technologies (AEVA) reported revenue of $6.3M for the first quarter 2026 (Q1 2026), +86% from a year earlier and +11% from the quarter before.
Was Aeva Technologies profitable in the first quarter 2026?
Operating loss was $35.1M (-561.1% of revenue) and net loss $35.0M.
Source: Aeva Technologies 10-Q on SEC EDGAR.