Aurora Innovation, Inc. (AUR)
NASDAQ:AUR
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Aurora Innovation
(NASDAQ:AUR)
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Rating:54Neutral
Price Target:
$7.00
▲(32.83% Upside)
Action:Reiterated
Date:05/27/26
The score is held back primarily by weak financial performance—very large losses and sustained cash burn—despite a relatively strong balance sheet. Technicals are supportive with an established uptrend, and the earnings call added upside from ambitious scaling/revenue targets and strong liquidity, but execution and funding risks remain substantial. Valuation is constrained by negative earnings and no dividend support.
Positive Factors
Strong liquidity and low leverage
A large cash position (~$1.3B) combined with minimal debt (debt-to-equity ~0.04) provides durable financial flexibility to fund R&D, manufacturing ramps and commercial pilots over multiple quarters. This reduces short-term solvency risk and enables execution without immediate dilution if burn is managed.
Negative Factors
High cash burn and sustained large losses
Persistent large operating losses and severe negative cash flow create structural reliance on existing liquidity or external capital. Over multiple quarters this raises dilution and financing risk, constrains strategic optionality, and means the firm must materially improve margins or secure financing to sustain scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity and low leverage
A large cash position (~$1.3B) combined with minimal debt (debt-to-equity ~0.04) provides durable financial flexibility to fund R&D, manufacturing ramps and commercial pilots over multiple quarters. This reduces short-term solvency risk and enables execution without immediate dilution if burn is managed.
Read all positive factors
Aurora Innovation (AUR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$15.14B
Dividend YieldN/A
Average Volume (3M)30.43M
Price to Earnings (P/E)―
Beta (1Y)2.41
Revenue GrowthN/A
EPS Growth7.22%
CountryUS
Employees1,800
SectorConsumer Cyclical
Sector Strength84
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.44
Shares Outstanding1,653,863,900
10 Day Avg. Volume28,714,805
30 Day Avg. Volume30,429,852
Financial Highlights & Ratios
PEG Ratio1.99
Price to Book (P/B)3.30
Price to Sales (P/S)2353.92
P/FCF Ratio-11.54
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue3.55K
Enterprise Value/Gross Profit87.06
Enterprise Value/Ebitda-16.09
Forecast
1Y Price Target
$10.43Price Target Upside97.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)-0.47
Revenue Forecast (FY)$15.21M
Aurora Innovation Business Overview & Revenue Model
Company Description
Aurora Innovation, Inc. operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interope...
How the Company Makes Money
null...
Aurora Innovation Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call communicated meaningful operational and technological progress — expanded routes, strong utilization metrics, substantial product improvements (longer-range lidar, 1M-mile hardware life), institutional partnerships (Hirschbach, Volvo, PACCAR, AUMOVIO) and ambitious 2026/2027 scaling plans — coupled with aggressive revenue guidance (2026: $14M–$16M, ~400% YoY at midpoint) and a solid liquidity position (~$1.3B). At the same time, near-term financials show very low current revenue, a large operating loss ($244M in Q1), significant cash burn with 2026 expected to be peak capital spend, and dependency on partner timelines and MOU conversions. Overall, the tone was confident on execution and scaling, but material execution and financial risks remain in the near term.Positive Updates
Commercial Momentum & Partnerships
Announced Hirschbach MOU to scale autonomous fleet with intent to own and operate 500 trucks (deliveries beginning 2027); expanded driverless customer cohort to 7 customers; validated rapid route launches and commercial deliveries in collaboration with Volvo Autonomous Solutions.
Negative Updates
Very Low Near-Term Revenue
First quarter 2026 revenue totaled only $1 million despite operational progress; revenue remains highly back‑end weighted with expectation that Q4 will contribute over half of full-year 2026 revenue.
Read all updates
Q1-2026 Updates
Positive
Negative
Commercial Momentum & Partnerships
Announced Hirschbach MOU to scale autonomous fleet with intent to own and operate 500 trucks (deliveries beginning 2027); expanded driverless customer cohort to 7 customers; validated rapid route launches and commercial deliveries in collaboration with Volvo Autonomous Solutions.
Read all positive updates
Company Guidance
Aurora guided to 2026 revenue of $14–$16 million (≈400% YoY at the midpoint), with revenue back‑loaded (Q4 >50% of full year) and an expectation to exit 2026 with >200 driverless trucks in operation (≈$80 million TaaS run‑rate), while averaging quarterly cash use of ~$190–$220 million in 2026 (Q1 operating cash used ≈$159M), full‑year CapEx ≈$150M (Q1 CapEx $25M), and ending the quarter with nearly $1.3 billion of cash and investments; Q1 results included $1M revenue (up 10% sequential), operating loss $244M (stock‑based comp $46M), R&D $159M, SG&A $34M, cost of revenue $6M, ATM proceeds $14M. Operational and product guidance included a Q2 launch of the second‑generation commercial hardware kit (designed for 1M miles, FirstLight FMCW lidar 1‑km range providing >34 seconds to react at highway speeds, and a 50%+ hardware cost reduction), Roush initial capacity of 1,000 trucks/year ramping toward ~20 trucks/week in Q3, AUMOVIO plant expansion completing Q1 2027 with kit production in H2 2027, a driverless network of 12 routes and 7 customers, >370,000 driverless miles to date with 100% on‑time performance and 0 Aurora‑attributed collisions, Werner trucks averaging 4,000+ miles/week (~225k+ miles/year), and the company reaffirmed its plan for positive free cash flow by 2028.Aurora Innovation Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
67
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.00M | 3.00M | 0.00 | 0.00 | 68.00M | 82.00M |
| Gross Profit | 163.00M | -14.00M | -676.00M | -716.00M | -609.00M | -615.00M |
| EBITDA | -882.00M | -871.00M | -765.00M | -814.00M | -716.00M | -715.00M |
| Net Income | -831.00M | -816.00M | -748.00M | -796.00M | -1.72B | -755.00M |
Balance Sheet | ||||||
| Total Assets | 2.19B | 2.34B | 2.14B | 2.23B | 2.00B | 3.69B |
| Cash, Cash Equivalents and Short-Term Investments | 1.23B | 1.28B | 1.22B | 1.20B | 1.10B | 1.61B |
| Total Debt | 79.00M | 157.00M | 121.00M | 122.00M | 136.00M | 147.00M |
| Total Liabilities | 221.00M | 203.00M | 263.00M | 250.00M | 217.00M | 348.00M |
| Stockholders Equity | 1.96B | 2.14B | 1.88B | 1.99B | 1.78B | 3.34B |
Cash Flow | ||||||
| Free Cash Flow | -646.00M | -612.00M | -645.00M | -613.00M | -523.00M | -611.34M |
| Operating Cash Flow | -598.00M | -581.00M | -611.00M | -598.00M | -508.00M | -563.29M |
| Investing Cash Flow | -55.00M | -245.00M | -172.00M | 8.00M | -852.00M | 249.88M |
| Financing Cash Flow | 756.00M | 834.00M | 492.00M | 831.00M | 11.00M | 1.54B |
Aurora Innovation Technical Analysis
Neutral
5.27
Price Trends
5.81
Positive
5.14
Positive
5.04
Positive
Market Momentum
0.38
Positive
52.20
Neutral
56.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AUR, the sentiment is Neutral. The current price of 5.27 is below the 20-day moving average (MA) of 7.32, below the 50-day MA of 5.81, and above the 200-day MA of 5.04, indicating a neutral trend. The MACD of 0.38 indicates Positive momentum. The RSI at 52.20 is Neutral, neither overbought nor oversold. The STOCH value of 56.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AUR.
Aurora Innovation Risk Analysis
Aurora Innovation disclosed 67 risk factors in its most recent earnings report. Aurora Innovation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Aurora Innovation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $9.09B | -2.14 | -37.31% | ― | 8.69% | -37.14% | |
56 Neutral | $1.75B | -10.92 | 691.75% | ― | 103.11% | 7.34% | |
54 Neutral | $15.14B | -16.29 | -39.64% | ― | ― | 7.22% | |
51 Neutral | $167.84M | -1.96 | -101.64% | ― | 29.57% | 13.83% |
* Consumer Cyclical Sector Average
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Aurora Innovation Corporate Events
Executive/Board ChangesShareholder Meetings
Aurora Innovation Stockholders Back Board and Governance Plans
Positive
May 26, 2026
On May 21, 2026, Aurora Innovation, Inc. held its 2026 Annual Meeting of Stockholders, with more than 76% of eligible votes represented in person or by proxy, constituting a quorum and underscoring strong shareholder participation. Stockholders el...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.