EPS: As of FY2025 Q1, the actual value is USD -0.12.

EBIT: As of FY2025 Q1, the actual value is USD -208 M.

Operational Metrics

• Net Loss: The net loss for the three months ended March 31, 2025, was $208 million, compared to a net loss of $165 million for the same period in 2024, representing a 26% increase.
• Operating Expenses: Total operating expenses increased by 9% to $211 million for the three months ended March 31, 2025, from $193 million for the same period in 2024.
• Research and Development: R&D expenses increased by 10% to $182 million in the three months ended March 31, 2025, from $166 million in the same period in 2024.
• Selling, General and Administrative: These expenses increased by 7% to $29 million in the three months ended March 31, 2025, from $27 million in the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: $142 million for the three months ended March 31, 2025, a decrease from $150 million for the same period in 2024.
• Net Cash Provided by Investing Activities: $19 million for the three months ended March 31, 2025, compared to $101 million for the same period in 2024.
• Net Cash Provided by Financing Activities: $82 million for the three months ended March 31, 2025, an increase from $2 million for the same period in 2024, primarily due to proceeds from the ATM program.

Unique Metrics

• Derivative Liabilities: The change in fair value of derivative liabilities resulted in an expense of $9 million for the three months ended March 31, 2025, compared to an income of $12 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: Aurora Innovation, Inc. plans to commercialize the Aurora Driver in a Driver as a Service (DaaS) model, targeting the trucking, passenger mobility, and local goods delivery markets. The company aims to earn revenue on a fee per mile basis and expects to scale rapidly through partnerships with OEMs and fleet operators.
• Non-Core Business: The company has launched Aurora Driver for Freight, a driverless trucking subscription service, and plans to expand into the passenger mobility market with Aurora Driver for Rides.