NASDAQ$AUR

Aurora Innovation Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Aurora reported Q1 2025 results, marking a historic milestone with the launch of driverless commercial operations.

Aurora began commercial driverless trucking operations in Q1 2025, completed over 4,000 driverless miles, and maintained strong fiscal discipline while preparing for expansion.

  • Launched regular driverless freight operations between Dallas and Houston on April 27, 2025.
  • Achieved 100% Autonomy Readiness Measure (ARM) and 95% 100% API performance on production loads.
  • Ended Q1 with nearly $1.2 billion in cash and short-term investments.
  • Q1 net loss totaled $208 million, with adjusted EBITDA at -$171 million.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.12

Previous: -$0.11-9.1%
Driverless Miles

4.0K

No prior period
Net Income

-$208M

Previous: -$165M-26.1%
Operating Income

-$211M

Previous: -$193M-9.3%

Revenue & EPS history

Aurora · Revenue · Quarterly

$0

Q1 2025
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

Aurora aims to expand driverless lanes and operational capabilities throughout 2025 while continuing cost control.

Tailwinds

  • Expansion of driverless lanes from Fort Worth to Phoenix planned in H2 2025.
  • Validation of night and adverse weather driving targeted for H2 2025.
  • Progress on second and third generation commercial hardware kits.
  • Continued fiscal prudence with operating expenses below external guidance.
  • Strong capital position with cash runway extending into Q4 2026.

Headwinds

  • Operating cash usage expected to rise to $175–$185 million quarterly for rest of 2025.
  • Hardware development and capital expenditures expected to increase.
  • No reported revenue yet despite commercial operations beginning.
  • Net loss and negative adjusted EBITDA highlight ongoing unprofitability.
  • Scaling and profitability ambitions dependent on successful hardware rollout and lane expansion.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.7%

Avg return

Earnings day

+2.5%

Avg return

5 days after

-7.1%

Avg return

30 days after

18%

4 / 22 earnings

Positive

+46.0%

Q4 2024

Best reaction

-24.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-0.8%-13.5%
Q4 2025-3.2%+3.9%-6.4%
Q3 2025-1.5%-2.9%-19.4%
Q2 2025+0.0%+6.4%-2.8%
Q1 2025-5.9%-11.5%-24.3%
Q4 2024+46.0%+46.8%+8.1%
Q3 2024-24.7%-19.7%-6.4%
Q1 2024+6.5%-10.9%-32.7%
Q4 2023+0.7%-4.9%-27.0%
Q3 2023+9.7%+12.0%+38.3%
Q2 2023-7.8%-8.4%-4.2%
Q1 2023+0.0%+7.4%+6.7%
Q4 2022-2.3%+2.9%-28.0%
Q3 2022-3.8%-11.5%-30.8%
Q4 2019-2.2%-7.3%-13.0%
Q2 2022-3.3%-5.1%-11.0%
Q1 2022-0.2%-8.4%-25.9%
Q2 2021-13.4%+2.8%+6.0%
Q4 2021-5.6%-5.4%-3.2%
Q3 2021-1.6%+71.1%+32.2%
Q1 2021-0.8%-0.6%+1.1%
Q4 2020-0.8%-0.6%+1.1%

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