Aurora Innovation, Inc. reported results for the quarter ended 2026 with revenue of $2M, a net loss of ($270M) and diluted loss per share of ($0.14), reflecting higher revenue from commercialization alongside increased costs as the company scales operations.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$2M$1M100% | Net income²($270M)($201M)(34.3%) | Diluted EPS³($0.14)($0.11)(27.3%) |
¹ Reported as “Revenue”. ² Reported as “Net loss”. ³ Reported as “Diluted loss per share”.
Business Highlights
- Revenue doubled sequentially to $2M and rose 200% year-to-date to $3M, driven by higher utilization, geographic expansion and fuel surcharges.
- Transitioned to full commercial operations after the April 2025 launch of Aurora Driver for Freight, increasing cost of revenue as activity scaled.
- Investing in terminals, trucks, hardware and personnel to support expanded routes and a larger geographic footprint.
- R&D spending rose modestly while some costs shifted into cost of revenue and SG&A as the company realigns for commercialization.
- Liquidity supported by equity raised through an ATM program to fund continued commercialization and operational scaling.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.