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Aurora Innovation, Inc. (AUROW) Fundamental Analysis & AI Grade 2026

AUROW Nasdaq Services-Computer Integrated Systems Design DE CIK: 0001828108
Update Pending • Analysis: Mar 20, 2026 • SEC Data: 2025-12-31
Combined AI Grade
C
90% Confidence
AGREEMENT
D
95% Conf
C
85% Conf

📊 AUROW Key Takeaways

Revenue: $3.0M
Net Margin: -27,200.0%
Free Cash Flow: $-612.0M
Current Ratio: 11.86x
Debt/Equity: 0.00x
EPS: $-0.44
AI Grade: D with 95% confidence
Aurora Innovation, Inc. (AUROW) receives a C fundamental grade with 90% confidence from our AI analysis based on SEC 10-K filings. With revenue of $3.0M, net profit margin of -27,200.0%, and return on equity (ROE) of -38.1%, Aurora Innovation, Inc. demonstrates mixed fundamentals in the Technology sector. Below is our complete AUROW stock analysis for 2026.

Is Aurora Innovation, Inc. (AUROW) a Good Investment?

Claude

Aurora Innovation is a pre-revenue stage company with massive operating losses (-$901M) on minimal revenue ($3M), indicating the business model has not yet achieved commercialization. The company is burning cash at an unsustainable rate ($612M negative FCF) despite holding $221M in cash, which provides only ~5 months of runway at current burn rates. Without clear path to profitability or revenue scaling, the fundamental business economics are severely challenged.

ChatGPT

Aurora Innovation’s fundamentals show an early-stage business with extremely weak operating economics: just $3.00M of revenue against $901.00M of operating losses and deeply negative free cash flow. The balance sheet is currently strong, with $2.14B of equity, $221.00M of cash, very high liquidity, and no meaningful leverage, but the core question is whether the company can convert heavy spending into durable commercial revenue before cash burn meaningfully erodes that cushion.

Aurora Innovation, Inc. Key Strengths (AUROW)

Claude
  • + Strong balance sheet liquidity with $221M cash and 11.86x current ratio
  • + Minimal leverage with 0.0x debt-to-equity ratio
  • + Substantial asset base of $2.3B suggesting significant capitalization and R&D investment
ChatGPT
  • + Very strong liquidity profile with 11.86x current and quick ratios
  • + Low financial leverage with essentially no long-term debt and 0.00x debt-to-equity
  • + Large equity base and asset position provide some near-term balance sheet flexibility

AUROW Stock Risks: Aurora Innovation, Inc. Investment Risks

Claude
  • ! Extreme cash burn of $612M annually with only ~5 months of cash runway remaining
  • ! Revenue of only $3M cannot support $901M operating losses - business not commercially viable yet
  • ! Negative FCF margin of -20400% indicates capital-intensive operations with no near-term path to cash generation
  • ! EPS deeply negative at -$0.44 with deteriorating unit economics
  • ! Pre-revenue commercialization stage with no evidence of product-market fit
ChatGPT
  • ! Revenue remains extremely small relative to the cost structure, producing severe negative operating and net margins
  • ! Free cash flow burn is substantial at -$612.00M, raising execution pressure if commercialization stays slow
  • ! Profitability metrics such as ROE and ROA are deeply negative, indicating weak capital efficiency and uncertain growth quality

Key Metrics to Watch

Claude
  • * Quarterly revenue growth rate and customer acquisition
  • * Operating cash burn rate and cash runway extension
  • * Path to gross margin positivity and operating breakeven timeline
  • * Capital efficiency and ROA improvement trajectory
ChatGPT
  • * Revenue ramp and evidence of commercial scaling
  • * Operating cash burn and free cash flow trend

Aurora Innovation, Inc. (AUROW) Financial Metrics & Key Ratios

Revenue
$3.0M
Net Income
$-816.0M
EPS (Diluted)
$-0.44
Free Cash Flow
$-612.0M
Total Assets
$2.3B
Cash Position
$221.0M

💡 AI Analyst Insight

Strong liquidity with a 11.86x current ratio provides a solid financial cushion.

AUROW Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -30,033.3%
Net Margin -27,200.0%
ROE -38.1%
ROA -34.8%
FCF Margin -20,400.0%

AUROW vs Technology Sector: How Aurora Innovation, Inc. Compares

How Aurora Innovation, Inc. compares to Technology sector averages

Net Margin
AUROW -27,200.0%
vs
Sector Avg 18.0%
AUROW Sector
ROE
AUROW -38.1%
vs
Sector Avg 22.0%
AUROW Sector
Current Ratio
AUROW 11.9x
vs
Sector Avg 2.5x
AUROW Sector
Debt/Equity
AUROW 0.0x
vs
Sector Avg 0.5x
AUROW Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Aurora Innovation, Inc. Stock Overvalued? AUROW Valuation Analysis 2026

Based on fundamental analysis, Aurora Innovation, Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
-38.1%
Sector avg: 22%
Net Profit Margin
-27,200.0%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Aurora Innovation, Inc. Balance Sheet: AUROW Debt, Cash & Liquidity

Current Ratio
11.86x
Quick Ratio
11.86x
Debt/Equity
0.00x
Debt/Assets
8.7%
Interest Coverage
N/A
Long-term Debt
N/A

AUROW Revenue & Earnings Growth: 5-Year Financial Trend

AUROW 5-year financial data: Year 2021: Revenue $82.5M, Net Income -$214.4M, EPS $-0.79. Year 2022: Revenue $150.0M, Net Income -$214.0M, EPS $-0.79. Year 2025: Revenue $3.0M, Net Income -$796.0M, EPS $-0.60.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Aurora Innovation, Inc.'s revenue has declined by 96% over the 5-year period, indicating business contraction. The most recent EPS of $-0.60 indicates the company is currently unprofitable.

AUROW Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-20,400.0%
Free cash flow / Revenue

AUROW Quarterly Earnings & Performance

Quarterly financial performance data for Aurora Innovation, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 N/A -$208.0M $-0.11
Q3 2025 N/A -$201.0M $-0.11
Q2 2025 N/A -$182.0M $-0.11
Q2 2023 N/A -$218.0M $-0.18
Q1 2023 N/A -$77.0M $-0.07
Q3 2022 $2.9M -$133.3M $-0.17
Q2 2022 N/A -$181.8M $-0.34
Q1 2022 N/A -$76.8M $-0.07

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Aurora Innovation, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$581.0M
Cash generated from operations
Stock Buybacks
$754.6M
Shares repurchased (TTM)
Capital Expenditures
$31.0M
Investment in assets
Dividends
None
No dividend program

AUROW SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Aurora Innovation, Inc. (CIK: 0001828108)

📋 Recent SEC Filings

Date Form Document Action
Jun 4, 2026 4 xslF345X06/ownership.xml View →
May 28, 2026 4 xslF345X06/wk-form4_1780010880.xml View →
May 26, 2026 4 xslF345X06/wk-form4_1779828476.xml View →
May 26, 2026 8-K aur-20260521.htm View →
May 22, 2026 4 xslF345X06/wk-form4_1779489026.xml View →

Frequently Asked Questions about AUROW

What is the AI rating for AUROW?

Aurora Innovation, Inc. (AUROW) has a Combined AI Grade of C from Claude (D) and ChatGPT (C) with 90% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are AUROW's key strengths?

Claude: Strong balance sheet liquidity with $221M cash and 11.86x current ratio. Minimal leverage with 0.0x debt-to-equity ratio. ChatGPT: Very strong liquidity profile with 11.86x current and quick ratios. Low financial leverage with essentially no long-term debt and 0.00x debt-to-equity.

What are the risks of investing in AUROW?

Claude: Extreme cash burn of $612M annually with only ~5 months of cash runway remaining. Revenue of only $3M cannot support $901M operating losses - business not commercially viable yet. ChatGPT: Revenue remains extremely small relative to the cost structure, producing severe negative operating and net margins. Free cash flow burn is substantial at -$612.00M, raising execution pressure if commercialization stays slow.

What is AUROW's revenue and growth?

Aurora Innovation, Inc. reported revenue of $3.0M.

Does AUROW pay dividends?

Aurora Innovation, Inc. does not currently pay dividends.

Where can I find AUROW SEC filings?

Official SEC filings for Aurora Innovation, Inc. (CIK: 0001828108) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is AUROW's EPS?

Aurora Innovation, Inc. has a diluted EPS of $-0.44.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is AUROW's fundamental grade?

Based on our AI fundamental analysis in June 2026, Aurora Innovation, Inc. has a C grade with 90% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is AUROW stock overvalued or undervalued?

Valuation metrics for AUROW: ROE of -38.1% (sector avg: 22%), net margin of -27,200.0% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is AUROW's AI grade for 2026?

Our dual AI analysis gives Aurora Innovation, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is AUROW's free cash flow?

Aurora Innovation, Inc.'s operating cash flow is $-581.0M, with capital expenditures of $31.0M. FCF margin is -20,400.0%.

How does AUROW compare to other Technology stocks?

Vs Technology sector averages: Net margin -27,200.0% (avg: 18%), ROE -38.1% (avg: 22%), current ratio 11.86 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 20, 2026 | Data as of: 2025-12-31 | Powered by Claude AI