Aeva Technologies, Inc. (AEVA) intrinsic value & 10-year financials

Aeva Technologies, Inc. (AEVA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 53.5% a year to $18.1M, with an average return on invested capital of -11715.8%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$10.03
Market cap
$571.9M
Revenue (FY2025)
$18.1M
Revenue growth (8-yr CAGR)
53.5%
ROIC (10-yr avg)
-11715.8%
Free cash flow (FY2025)
-$119.7M

AEVA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $18.1M -$145.4M -$2.55 -$119.7M -705.8% -1561.3%
FY2024 $9.1M -$152.3M -$2.85 -$112.0M -1747.1% -119.6%
FY2023 $4.3M -$149.3M -$0.66 -$124.9M -3427.4% -64.1%
FY2022 $4.2M -$147.3M -$0.68 -$117.3M -3624.9% -45.7%
FY2021 $9.3M -$101.9M -$0.51 -$86.0M -1124.5% -26.2%
FY2020 $4.8M -$932.8K -$0.18 -$2.3M -52.1% -100.4%
FY2019 $1.4M -$19.6M — -$16.8M -1451.8% -80093.3%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Aeva Technologies, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Aeva Technologies, Inc. has historically struggled to out-earn its cost of capital, averaging just -54.3% ROIC.

Aeva Technologies, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Aeva Technologies, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-84.70 per share.

AEVA stock: frequently asked questions

What is the intrinsic value of Aeva Technologies, Inc. (AEVA) stock?

Graham's formula only works with positive earnings. Aeva Technologies, Inc. reported diluted EPS of -$2.55 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Aeva Technologies, Inc. generate free cash flow?

Aeva Technologies, Inc. generated -$119.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 7 reported years.

What is AEVA's return on invested capital?

Average ROIC over the last 8 fiscal years was -11715.8%, and average return on equity was -11232.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AEVA data come from?

From Aeva Technologies, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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