Aeva Technologies, Inc.

AEVANASDAQConsumer Cyclical● Active

$24.47

+$1.46(+6.32%)

Market Cap$1.5B

P/E Ratio—

52W High$38.8

52W Low$8.83

Avg Volume1.9M

Open$24.17

Beta2.41

Free Cash Flow Financials Revenue

Aeva Technologies, Inc. (AEVA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AEVA · free cash flow · updated Jun 8, 2026

Core FCF metrics

AEVA · FCF · TTM · margin & CAGR

Free cash flow was −$119.7M for FY2025 (fiscal year ending 2025-12-31), down 6.8% year-over-year The FCF margin was -662.0%.

FY2025 Free Cash Flow−$119.7M▼ -6.8% YoY

Trailing 12M (TTM)−$116.5Mtrailing 4 quarters sum

FCF Margin-662.0%−$119.7M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AEVA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$115.1M(5M)−$119.7M▼ 6.8%-662.0%

FY2024−$106.9M(5M)−$112.0M▲ +10.3%—

FY2023−$118.8M(6M)−$124.9M▼ 6.5%—

FY2022−$109.9M(7M)−$117.3M▼ 29.7%—

FY2021−$82.1M(8M)−$90.5M▼ 309.6%-976.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AEVA · P/FCF · FCF yield · FCF per share

Aeva Technologies, Inc. (AEVA) reported negative free cash flow of −$0.12B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AEVA · cash flow statement · operating / investing / financing

For FY2025, Aeva Technologies, Inc. generated −$115.1M in operating cash flow and spent 5M in capital expenditures, yielding −$119.7M in free cash flow.

Operating Activities

−$115.1M

Cash from core business operations

2025-12-31

Investing Activities

+$29.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$128.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$115.1M) − |CapEx| (5M) = FCF (−$119.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

AEVA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Aeva Technologies, Inc.YOU

AEVA

−$119.7M-6.8%-662.0%

Loss

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Aeva Technologies, Inc. (AEVA) reported free cash flow of −$119.7M for FY2025 (fiscal year ending 2025-12-31), down 6.8% year-over-year. The FCF margin was -662.0%.

Aeva Technologies, Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 8 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AEVA free cash flow · 8 questions

Aeva Technologies, Inc. free cash flow was −$119.7M for FY2025, down 6.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$116.5M.

AEVA free cash flowAEVA FCFAEVA FCF 2025AEVA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Aeva Technologies, Inc. · Aeva Technologies, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026