Aurora Innovation, Inc. (AUR) intrinsic value & 10-year financials
Aurora Innovation, Inc. (AUR) has a Graham intrinsic value of $17.17 per share. At $4.86 on Oct 17, 2026, the stock trades 72% below that value. Over the last 8 fiscal years revenue shrank 26.9% a year to $3.0M, with an average return on invested capital of -18.3%.
- Graham intrinsic value
- $17.17
- Share price (Oct 17, 2026)
- $4.86
- Price vs Graham value
- 72% below
- Market cap
- $8.9B
- Revenue (FY2025)
- $3.0M
- Revenue growth (8-yr CAGR)
- -26.9%
- ROIC (10-yr avg)
- -18.3%
- Free cash flow (FY2025)
- -$612.0M
AUR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.0M | -$816.0M | -$0.44 | -$612.0M | -30033.3% | -47.9% |
| FY2024 | $0 | -$748.0M | -$0.46 | -$645.0M | — | -46.8% |
| FY2023 | $0 | -$796.0M | -$0.60 | -$613.0M | — | -51.6% |
| FY2022 | $150.0M | -$1.7B | -$1.51 | -$523.0M | -1234.7% | -105.5% |
| FY2021 | $82.5M | -$755.5M | -$1.22 | -$611.3M | -885.2% | -111.8% |
| FY2020 | $0 | -$214.4M | -$0.79 | -$198.6M | — | 38.5% |
| FY2019 | $19.6M | -$94.1M | -$0.37 | -$98.6M | -579.1% | 196.9% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Aurora Innovation, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Aurora Innovation, Inc. has historically struggled to out-earn its cost of capital, averaging just -54.2% ROIC.
Aurora Innovation, 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, Aurora Innovation, Inc. is modeled at -26.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $17.17 per share.