Aurora Innovation (AUR) Reports Q4 Loss

Aurora Innovation, Inc. (NASDAQ:AUR) is one of the 12 best mid cap AI stocks to buy according to hedge funds. Aurora Innovation, Inc. (NASDAQ:AUR) reported its fourth-quarter financial results on February 11. In Q4, the company generated $1 million in revenue, demonstrating a 25% QoQ increase. For the full year, revenue came in at $3 million, with adjusted revenue of $4 million. However, the company recorded an operating loss of $238 million during the quarter, which included $48 million in stock-based compensation. Research and Development costs stood at $155 million, while selling, general, and administrative expenses were $30 million. The cost of revenue came in at $6 million.

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Despite using $146 million in operating cash during the quarter, Aurora Innovation, Inc. ended the year with $1.5 billion in cash and other liquid assets. Capital expenditures totalled $31 million for the full year and $8 million for the fourth quarter.

For 2026, revenue is expected to be in the range between $14 million and $16 million. More than 200 driverless trucks are projected to be in operation by the end of 2026. CFO, David Maday, commented on the revenue expectations by saying:

“Revenue will be back-end loaded with the fourth quarter projected to contribute over half of full year revenue as we scale driverless operations without a partner requested observer following the launch of our new fleet.”

Aurora Innovation, Inc. is a self-driving technology company operating across the United States. The company specializes in developing the Aurora Driver. It is a platform that combines self-driving software, hardware, and data services. Aurora Innovation was incorporated in 2017 and is based in Pittsburgh, Pennsylvania.

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This article is originally published at Insider Monkey.