10-Q quarterly report · filed Nov 7, 2025

Aeva Technologies, Inc. (AEVA) Q3 2025 10-Q Quarterly Report

Short answer

Aeva Technologies, Inc. (AEVA) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $4M (up 59.1% year over year) with net income of $107M.

Q3 2025 key financials · XBRL

Revenue
$4M
+59.1% YoY · −35.1% QoQ
Net income
$107M
+387.5% YoY · +155.8% QoQ
Operating margin
-926.5%
Gross margin
12.0%
EPS (diluted)
$1.99
+388.4% YoY · +156.9% QoQ

Source: XBRL data from the Aeva Technologies, Inc. (AEVA) Q3 2025 10-Q on SEC EDGAR. USD.

Aeva Technologies, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $3.579M, up 59% YoY from $2.250M
  • Gross margin 12.0% vs negative 32.0% YoY, with gross profit $430K vs $721K loss
  • Research and development largest expense at $22.164M, down 18% YoY
  • Cash and securities $48.9M; nine-month operating cash outflow $92.928M vs $86.015M
  • LGIT private placement generated $32.5M; Facility Agreement provides up to $125.0M through November 8, 2026

Risk Factors

  • New strategic-partnership risk: August 2025 LG Innotek placement and joint development agreement may not deliver anticipated benefits
  • Financial recognition risk: LGIT non-recurring engineering payments cannot be recognized as GAAP revenue
  • Regulatory compliance risk: Large accelerated filer status requires auditor attestation of internal controls under Section 404 starting December 31, 2025
  • Control risk: Prior internal-control weaknesses could cause reporting failures, restatements, SEC sanctions, or investigations
  • Governance risk: Management and affiliates control approximately 37.1% of outstanding common shares, limiting shareholder influence

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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