AUR · NASDAQ · Software - Application

Aurora Innovation

Develops the Aurora Driver platform and subscription services for driverless freight and future rides.

$5.85
After-hours close+0.02 (+0.43%)
At close$5.83(+2.37%)
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Profile

Aurora Innovation, Inc.AURInformation Technology

Develops the Aurora Driver, a vehicle-agnostic self-driving platform spanning hardware, software, and data services. Revenue has begun through Aurora Driver for Freight, a driverless-trucking subscription launched in Texas, while a ride-hailing service remains planned and commercialization depends on route validation, vehicle partners, fleet operators, and additional financing.

Builds the Aurora Driver, an integrated self-driving hardware, software, and data-services platform designed for multiple vehicle types. Aurora Driver for Freight is the commercial subscription service, while Aurora Driver for Rides remains planned for ride-hailing.

Commercial freight operations began in Texas, with driverless service on the Dallas–Houston corridor and expansion through a mix of driverless and supervised routes. The vehicle-agnostic architecture and engineering-heavy workforce support adaptation across truck and light-vehicle applications.

Growth depends on validating safety for each route, weather condition, operating window, vehicle platform, and customer endpoint. The service model also relies on manufacturers, suppliers, fleet owners, maintenance providers, freight customers, and logistics platforms. Continued development has required external financing, and the company expects ongoing operating losses and possible additional capital raising.

Company facts

CEOChris Urmson
ListedNov 4, 2021
ExchangeNASDAQ
HeadquartersPittsburgh, PA
CountryUnited States
Employees1,900
CIK0001828108
ISINUS0517741072

Key statistics

Market cap$11.43B
EPS (ttm)−$0.4700
P/E (ttm)−12.40
ROE-43.1%
P/B5.90
P/S2,286.76
Dividend yield
Beta2.76vs XLK 0.46

Year to date +50.5% · Average volume (30d) 27.9M

Analysts

Price target, next 12 months$12.50+114.4%Median of 7 analysts · vs the Aug 28 close
ConsensusBuy4 of 7 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Jun 5, 2026Craig-HallumTarget$18
May 29, 2026Northland SecuritiesTarget$11
May 7, 2026Morgan StanleyTarget$12$14
Apr 17, 2026Goldman SachsReiterateNeutral$4$5
Nov 26, 2025Goldman SachsReiterateNeutral$4

Earnings

EPS

Estimate−$0.12
ReportedDue Oct 27, 2026

Revenue

Estimate$3.0M
ReportedDue Oct 27, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jul 29, 2026Q2 FY26−$0.12−$0.14−20.0%$1.7M$2.0M+20.6%+4.35%
May 6, 2026Q1 FY26−$0.12−$0.11+8.3%$966.8K$1.0M+3.4%−1.79%
Feb 11, 2026Q4 FY25−$0.12−$0.120.0%$1.7M$1.0M−41.0%−3.21%
Oct 28, 2025Q3 FY25−$0.12−$0.11+8.3%$1.5M$1.0M−32.1%−1.92%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$1.0M$1.0M$1.0M$1.0M$2.0M
Gross profit−$182.0M−$194.0M−$18.0M$380.0M−$5.0M−$5.0M
Operating income−$211.0M−$230.0M−$222.0M−$238.0M−$244.0M−$266.0M
Net income−$208.0M−$201.0M−$201.0M−$206.0M−$223.0M−$270.0M
Diluted EPS−$0.12−$0.11−$0.11−$0.11−$0.11−$0.14
Gross margin-19,400.0%-1,800.0%38,000.0%-500.0%-250.0%
Operating margin-23,000.0%-22,200.0%-23,800.0%-24,400.0%-13,300.0%

Fiscal years (4-quarter sums)FY21 $82.0M · FY22 $68.0M · FY23 $0 · FY24 $0 · FY25 $3.0M

Revenue by product · Q2 FY26

Reportable Segment$7.0M · 100%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.22B · Total debt $82.0M · Total assets $2.17B · Shareholders' equity $1.95B

Dividends

No dividends on record.

Ownership

Institutions 87.39%1.71B sharesInsiders 7.90%154.92M sharesOther 4.71%92.32M shares

Shares outstanding 1.96B · Float 1.33B · 67.9% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
T. Rowe Price Investment Management, Inc.299.42M15.27%13FAug 14, 2026
Morgan Stanley213.92M10.91%13FAug 13, 2026
Uber Technologies, Inc · 10 percent owner186.47M9.51%Form 4Aug 19, 2026
Christopher Urmson · director, officer: Chief Executive Officer145.83M7.44%Form 4Dec 17, 2025
Vanguard Portfolio Management LLC83.37M4.25%13FAug 13, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 17, 2026Michelangelo Volpidirector−42,639$7.00
Aug 17, 2026Uber Technologies, Inc10 percent owner−72,000,000$6.55
Aug 13, 2026Michelangelo Volpidirector−338$7.01
Aug 12, 2026Michelangelo Volpidirector−224$7.00
Aug 11, 2026Michelangelo Volpidirector−21,627$6.99
View details

Peers

  • Kodiak AI

    Direct rival in autonomous long-haul trucking and driver subscriptions

  • Pony.ai

    Robotruck rival with robotaxi overlap against planned ride-hailing

  • Alphabet Class A

    Current robotaxi scale against a planned ride-hailing product

  • Tesla

    Autonomous ride-hailing rival for the planned rides service

  • WeRide (ADR)

    Overlap in robotaxis and multi-vehicle L4 autonomy platforms

CompareAfter-hours close

CompanyPriceChange
Aurora Innovation$5.85+0.43%$11.43B2,286.8+100.0%
Kodiak AI$3.93+1.03%$753.3M105.3
Pony.ai$7.57−0.07%$2.68B21.4+68.8%
Alphabet Class A$346.00−0.14%$4.19T17.425.89.4+24.2%
Tesla$348.19−0.16%$1.38T322.9174.613.3+25.5%
WeRide (ADR)$6.02−0.50%$1.84B14.9+92.3%
Median170.2100.214.9+47.2%