---
title: "Aurora Innovation | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285433298.md"
datetime: "2026-05-06T20:30:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285433298.md)
  - [en](https://longbridge.com/en/news/285433298.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285433298.md)
---

# Aurora Innovation | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1 M

Revenue: As of FY2026 Q1, the actual value is USD 1 M, beating the estimate of USD 966.8 K.

EPS: As of FY2026 Q1, the actual value is USD -0.11, beating the estimate of USD -0.1167.

EBIT: As of FY2026 Q1, the actual value is USD -266 M.

#### Revenue

Aurora Innovation, Inc. reported revenue of $1 million for the first quarter of 2026, primarily from driverless and vehicle operator supervised commercial loads, which represents a 10% sequential increase from the fourth quarter of 2025. This compares to $0 million in the first quarter of 2025.

#### Operational Metrics

-   Cost of revenue for the first quarter of 2026 was $6 million.
-   Research and development (R&D) expenses were $195 million in Q1 2026, an increase from $182 million in Q1 2025. Excluding stock-based compensation (SBC), R&D totaled $159 million.
-   Selling, general and administrative (SG&A) expenses were $44 million in Q1 2026, up from $29 million in Q1 2025. Excluding SBC, SG&A was $34 million.
-   Loss from operations was - $244 million in Q1 2026, compared to - $211 million in Q1 2025.
-   Net loss for Q1 2026 was - $223 million, compared to - $208 million in Q1 2025.
-   Adjusted EBITDA was - $192 million in Q1 2026, compared to - $171 million in Q1 2025.

#### Cash Flow and Liquidity

-   Net cash used in operating activities was - $159 million in Q1 2026, compared to - $142 million in Q1 2025.
-   Capital expenditures totaled - $25 million in Q1 2026.
-   Net cash provided by investing activities was $209 million in Q1 2026.
-   Net cash provided by financing activities was $4 million in Q1 2026.
-   Aurora Innovation, Inc. ended the quarter with nearly $1.3 billion in liquidity, comprising cash, short-term, and long-term investments.
-   Cash, cash equivalents, and restricted cash at the end of Q1 2026 totaled $289 million.
-   The company generated net proceeds of $14 million from the issuance of Class A common stock through its at-the-market program, used to fund tax liability from employee restricted stock unit vesting.

#### Balance Sheet (Key Items as of March 31, 2026)

-   Total current assets: $1,272 million.
-   Total assets: $2,185 million.
-   Total current liabilities: $134 million.
-   Total liabilities: $221 million.
-   Total stockholders’ equity: $1,964 million.

#### Outlook / Guidance

Aurora Innovation, Inc. expects 2026 revenue to be between $14 million and $16 million, representing a 400% year-over-year increase at the midpoint, with over half of the full-year revenue projected for the fourth quarter. The company anticipates exiting 2026 with more than 200 driverless trucks in operation, translating to an approximately $80 million revenue run-rate for its Transportation as a Service (TaaS) business. Aurora Innovation, Inc. expects a quarterly cash use of approximately $190 million to $220 million on average for 2026, which is projected to be the peak capital spend year before capital expenditures decline significantly in 2027 as the company transitions to its Driver as a Service (DaaS) model and Hardware as a Service structure with AUMOVIO.

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