Aurora Innovation
Develops the Aurora Driver platform and subscription services for driverless freight and future rides.
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Profile
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
Key statistics
Year to date +50.5% · Average volume (30d) 27.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 5, 2026 | Craig-Hallum | Target | $18 | |||
| May 29, 2026 | Northland Securities | Target | $11 | |||
| May 7, 2026 | Morgan Stanley | Target | $12 | $14 | ||
| Apr 17, 2026 | Goldman Sachs | Reiterate | Neutral | $4 | $5 | |
| Nov 26, 2025 | Goldman Sachs | Reiterate | Neutral | $4 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next 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 | −$0.12 | 0.0% | $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% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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
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
Shares outstanding 1.96B · Float 1.33B · 67.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| T. Rowe Price Investment Management, Inc. | 299.42M | 15.27% | 13F | Aug 14, 2026 |
| Morgan Stanley | 213.92M | 10.91% | 13F | Aug 13, 2026 |
| Uber Technologies, Inc · 10 percent owner | 186.47M | 9.51% | Form 4 | Aug 19, 2026 |
| Christopher Urmson · director, officer: Chief Executive Officer | 145.83M | 7.44% | Form 4 | Dec 17, 2025 |
| Vanguard Portfolio Management LLC | 83.37M | 4.25% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Michelangelo Volpi | director | −42,639 | $7.00 |
| Aug 17, 2026 | Uber Technologies, Inc | 10 percent owner | −72,000,000 | $6.55 |
| Aug 13, 2026 | Michelangelo Volpi | director | −338 | $7.01 |
| Aug 12, 2026 | Michelangelo Volpi | director | −224 | $7.00 |
| Aug 11, 2026 | Michelangelo Volpi | director | −21,627 | $6.99 |
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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Aurora Innovation | $5.85 | +0.43% | $11.43B | — | — | 2,286.8 | +100.0% |
| Kodiak AI | $3.93 | +1.03% | $753.3M | — | — | 105.3 | — |
| Pony.ai | $7.57 | −0.07% | $2.68B | — | — | 21.4 | +68.8% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Tesla | $348.19 | −0.16% | $1.38T | 322.9 | 174.6 | 13.3 | +25.5% |
| WeRide (ADR) | $6.02 | −0.50% | $1.84B | — | — | 14.9 | +92.3% |
| Median | 170.2 | 100.2 | 14.9 | +47.2% |







