AUR Consumer Cyclical

Aurora Innovation, Inc.

$4.27+0.95%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Consumer Cyclical
Industry: Auto Parts
Country: United States
Market cap: 8.6B USD
Enterprise value: 7.4B USD
Full-time employees: 1,900

Overall health

Strength: growing faster than most peersgrowing faster than peers
Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 2.70 vs a peer median of 0.63)bigger price swings (beta 2.70 vs peers 0.63)

Ranks #1,056 of 1,502 consumer cyclical companies (bottom 30%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 71% from December 2022 to June 2026.
Aurora Innovation had 71% more shares at June 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Aurora Innovation had 71% more shares at June 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Stock-based pay is a large cost. Stock pay was 6267% of revenue in 2025.
Aurora Innovation paid employees $188M in stock in 2025, 6267% of its $3M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Investment surge. Capital spending 1033% of revenue, up from 22% in 2022.
Aurora Innovation is spending 1033% of revenue on facilities and equipment, up from 22% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.
Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss, from a small base ($5.0M of revenue over 12 months).
Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -19400%).

StockQuotient Score

41/ 100

Oct 5 41 → Nov 4 41

Valuation

Is the price right?

6/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-10.5%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.34Sector median: 0.0439 · MAD: 0.0329

EBITDA yield-12.7%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.90Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield-8.8%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.13Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield22.9%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

73/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 25.0%

Why

Stronger than most peers on:

▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.22Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth0.0%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.67Sector median: 0.0425 · MAD: 0.0636

Revenue growth400.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.60Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-19400.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.25Sector median: 0.0638 · MAD: 0.0461

Return on assets-41.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.27Sector median: 0.0331 · MAD: 0.0254

Return on invested capital-42.2%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.50Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin-400.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity-46.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta2.70

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.80Sector median: 0.6345 · MAD: 0.2980

Current ratio11.38×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 6.28Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.04×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 1.19Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Aurora Innovation

Is Aurora Innovation getting weaker?: Its latest SEC filing (Jul 29, 2026) showed no major changes. Its overall score is unchanged at 41/100 since Oct 28, 2026.
How is Aurora Innovation valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 1,612 consumer cyclical peers. Earnings yield -10.5% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -10.5% vs peers 4.4% (weaker than 100% of peers).
Is Aurora Innovation growing?: Yes, faster than most of its peers. Growth scores 73/100 against 1,612 consumer cyclical peers. Revenue growth 400.0% vs a peer median of 3.7% (stronger than 95% of peers).Revenue growth 400.0% vs peers 3.7% (stronger than 95% of peers). 3-year revenue growth 0.0% vs a peer median of 4.3% (weaker than 68% of peers).3-year revenue growth 0.0% vs peers 4.3% (weaker than 68% of peers).
How profitable is Aurora Innovation?: Less profitable than most of its peers. Profitability scores 0/100 against 1,612 consumer cyclical peers. Operating margin -19400.0% vs a peer median of 6.4% (weaker than 100% of peers).Operating margin -19400.0% vs peers 6.4% (weaker than 100% of peers).
How risky is Aurora Innovation?: Lower risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 11.38× vs a peer median of 1.48× (stronger than 95% of peers).Current ratio 11.38× vs peers 1.48× (stronger than 95% of peers). Beta 2.70 vs a peer median of 0.63 (weaker than 100% of peers).Beta 2.70 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 29, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: Aurora Innovation is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	4.0M USD	5.0M USD	+25.0%
Net income (12 months)	−831.0M USD	−900.0M USD	+8.3%
Operating margin	-23350.0%	-19400.0%	+3950.0 pts
Free cash flow (12 months)	−646.0M USD	−751.0M USD	+16.3%
Cash	273.0M USD	136.0M USD	−50.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Auto Parts · 21 companies

Valuations in Auto Parts are within their usual range since 2016.

53% of months since 2016 were valued lower than now.
12% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is −62% vs the whole market, against a usual −53%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	—	—	—	—	-466.7%	—
Operating margin	-891.5%	-2723.5%	—	—	-30033.3%	—
Net margin	-920.7%	-2533.8%	—	—	-27200.0%	—
Return on assets (ROA)	-20.5%	-86.1%	-35.6%	-35.0%	-34.8%	▲ 0.2 pts
Return on equity (ROE)	-22.6%	-96.6%	-40.1%	-39.9%	-38.1%	▲ 1.8 pts
Free cash flow margin	-746.3%	-769.1%	—	—	-20400.0%	—
Current ratio	18.43×	13.47×	10.96×	11.94×	11.86×	▼ 0.7%

AUR price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 2.70 vs a peer median of 0.63)bigger price swings (beta 2.70 vs peers 0.63)

Ranks #1,056 of 1,502 consumer cyclical companies (bottom 30%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 71% from December 2022 to June 2026.

Aurora Innovation had 71% more shares at June 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Aurora Innovation had 71% more shares at June 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Stock-based pay is a large cost. Stock pay was 6267% of revenue in 2025.

Aurora Innovation paid employees $188M in stock in 2025, 6267% of its $3M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Investment surge. Capital spending 1033% of revenue, up from 22% in 2022.

Aurora Innovation is spending 1033% of revenue on facilities and equipment, up from 22% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss, from a small base ($5.0M of revenue over 12 months).

Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -19400%).

Questions investors ask about Aurora Innovation

Is Aurora Innovation getting weaker?

Its latest SEC filing (Jul 29, 2026) showed no major changes. Its overall score is unchanged at 41/100 since Oct 28, 2026.

How is Aurora Innovation valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 1,612 consumer cyclical peers. Earnings yield -10.5% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -10.5% vs peers 4.4% (weaker than 100% of peers).

Is Aurora Innovation growing?

Yes, faster than most of its peers. Growth scores 73/100 against 1,612 consumer cyclical peers. Revenue growth 400.0% vs a peer median of 3.7% (stronger than 95% of peers).Revenue growth 400.0% vs peers 3.7% (stronger than 95% of peers). 3-year revenue growth 0.0% vs a peer median of 4.3% (weaker than 68% of peers).3-year revenue growth 0.0% vs peers 4.3% (weaker than 68% of peers).

How profitable is Aurora Innovation?

Less profitable than most of its peers. Profitability scores 0/100 against 1,612 consumer cyclical peers. Operating margin -19400.0% vs a peer median of 6.4% (weaker than 100% of peers).Operating margin -19400.0% vs peers 6.4% (weaker than 100% of peers).

How risky is Aurora Innovation?

Lower risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 11.38× vs a peer median of 1.48× (stronger than 95% of peers).Current ratio 11.38× vs peers 1.48× (stronger than 95% of peers). Beta 2.70 vs a peer median of 0.63 (weaker than 100% of peers).Beta 2.70 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

4.0M USD

5.0M USD

+25.0%

Net income (12 months)

−831.0M USD

−900.0M USD

+8.3%

Operating margin

-23350.0%

-19400.0%

+3950.0 pts

Free cash flow (12 months)

−646.0M USD

−751.0M USD

+16.3%

Cash

273.0M USD

136.0M USD

−50.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

—

-466.7%

—

Operating margin

-891.5%

-2723.5%

—

-30033.3%

—

Net margin

-920.7%

-2533.8%

—

-27200.0%

—

Return on assets (ROA)

-20.5%

-86.1%

-35.6%

-35.0%

-34.8%

▲ 0.2 pts

Return on equity (ROE)

-22.6%

-96.6%

-40.1%

-39.9%

-38.1%

▲ 1.8 pts

Free cash flow margin

-746.3%

-769.1%

—

-20400.0%

—

Current ratio

18.43×

13.47×

10.96×

11.94×

11.86×

▼ 0.7%