I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 1 M.
EPS: As of FY2026 Q1, the actual value is USD -0.11.
EBIT: As of FY2026 Q1, the actual value is USD -266 M.
Revenue
- Total revenue was $1 million in the first quarter of 2026, compared to $0 in the first quarter of 2025. This represents a 10% sequential increase in revenue from the fourth quarter of 2025. Revenue was generated from driverless and vehicle operator supervised commercial loads for various customers, including Hirschbach, Uber Freight, Werner, FedEx, Schneider, Detmar, and Volvo Autonomous Solutions .
Operational Metrics
- Net Loss: The company reported a net loss of - $223 million in Q1 2026, compared to - $208 million in Q1 2025 .
- Operating Loss: Operating loss totaled - $244 million in Q1 2026, compared to - $211 million in Q1 2025 .
- Cost of Revenue: Cost of revenue was $6 million in Q1 2026, up from $0 in Q1 2025 .
- Research and Development (R&D): R&D expenses were $195 million in Q1 2026, compared to $182 million in Q1 2025. Excluding stock-based compensation (SBC), R&D was $159 million in Q1 2026 .
- Selling, General and Administrative (SG&A): SG&A expenses were $44 million in Q1 2026, compared to $29 million in Q1 2025. Excluding SBC, SG&A was $34 million in Q1 2026 .
- Stock-Based Compensation (SBC): SBC amounted to $46 million in Q1 2026, compared to $34 million in Q1 2025 .
- Adjusted EBITDA (Non-GAAP): Adjusted EBITDA was - $192 million in Q1 2026, compared to - $171 million in Q1 2025 .
Cash Flow
- Net Cash Used in Operating Activities: Net cash used in operating activities was - $159 million in Q1 2026, compared to - $142 million in Q1 2025 .
- Capital Expenditures: Capital expenditures totaled $25 million in Q1 2026, up from $8 million in Q1 2025 .
- Liquidity: The company ended Q1 2026 with nearly $1.3 billion in cash, short-term, and long-term investments .
- Net Proceeds from Stock Issuance: $14 million in net proceeds were generated from the issuance of Class A common stock through an at-the-market program, used to fund tax liability for employee restricted stock units .
Unique Operational Metrics
- Driverless Miles: The Aurora Driver surpassed 370,000 driverless miles with 100% on-time performance and zero Aurora Driver-attributed collisions by April 2026 .
- Commercial Miles: The Aurora Driver achieved a record number of commercial miles driven during Q1 2026 .
- Driverless Trucks in Operation: Driverless trucks operated for Werner are averaging over 4,000 miles per week, translating to an annual run-rate of over 225,000 miles per truck .
- Driverless Customers: The driverless cohort expanded to seven customers, including McLane .
Outlook / Guidance
Aurora expects 2026 revenue to be between $14 million and $16 million, representing a 400% year-over-year increase at the midpoint, with revenue being back-end loaded due to scaling driverless operations . The company anticipates exiting 2026 with over 200 driverless trucks in operation, which translates to an approximately $80 million revenue run-rate for its Transportation as a Service (TaaS) business . Quarterly cash use is projected to average approximately $190 million to $220 million in 2026, including an anticipated $150 million in full-year capital expenditures, with capital expenditures expected to decline significantly in 2027 .