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Aeva Technologies (AEVA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Aeva Technologies (AEVA) reported revenue of $3.6M for the third quarter 2025 (Q3 2025), +59% from a year earlier and -35% from the quarter before. Operating margin was -926.5%.
Aeva Technologies, Q3 2025: revenue $3.6M (+59% year over year), operating margin -926.5%, net earnings $107M, operating cash flow −$32.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6M | -35% | +59% |
| Operating profit | −$33.2M | — | — |
| Net earnings | $107M | — | — |
| Operating cash flow | −$32.3M | — | — |
What changed
Revenue was $3.6M in Q3 2025, up 59% year over year and down 35% from the previous quarter.
Gross margin was 12.0%. Operating costs exceeded revenue by $33.2M, an operating margin of -926.5%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $107.5M. The effective tax rate was 0.1%. Non-operating items added $140.7M, 131% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$32.3M. Non-cash charges added back $1.3M of depreciation and amortization and $5.9M of share-based compensation. Working capital and other items used $147.1M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$33.6M.
Questions
What was Aeva Technologies' revenue in the third quarter 2025?
Aeva Technologies (AEVA) reported revenue of $3.6M for the third quarter 2025 (Q3 2025), +59% from a year earlier and -35% from the quarter before.
Was Aeva Technologies profitable in the third quarter 2025?
Operating loss was $33.2M (-926.5% of revenue) and net earnings $107M.
Source: Aeva Technologies 10-Q on SEC EDGAR.