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Aeva Technologies (AEVA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Aeva Technologies (AEVA) reported revenue of $5.5M for the second quarter 2025 (Q2 2025), +174% from a year earlier and +64% from the quarter before. Operating margin was -633.7%.
Aeva Technologies, Q2 2025: revenue $5.5M (+174% year over year), operating margin -633.7%, net loss $193M, operating cash flow −$29.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5M | +64% | +174% |
| Operating profit | −$34.9M | — | — |
| Net earnings | −$193M | — | — |
| Operating cash flow | −$29.8M | — | — |
What changed
Revenue was $5.5M in Q2 2025, up 174% year over year and up 64% from the previous quarter.
Operating costs exceeded revenue by $34.9M, an operating margin of -633.7%. Total costs fell 21% while revenue rose 174%. The fastest-growing cost line was Cost of revenue (+188%). The quarter ended with a net loss of $192.7M, wider than the previous quarter's $34.9M loss. Net interest and other expense of $157.7M was the main reason.
Operating cash flow was −$29.8M. Non-cash charges added back $1.3M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $155.6M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$31.2M.
Questions
What was Aeva Technologies' revenue in the second quarter 2025?
Aeva Technologies (AEVA) reported revenue of $5.5M for the second quarter 2025 (Q2 2025), +174% from a year earlier and +64% from the quarter before.
Was Aeva Technologies profitable in the second quarter 2025?
Operating loss was $34.9M (-633.7% of revenue) and net loss $193M.
Source: Aeva Technologies 10-Q on SEC EDGAR.