Aurora Innovation, Inc.

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

Quarters: Aurora Innovation, Inc.'s SEC filings, named by the month they end. Fiscal years: Aurora Innovation, Inc.'s annual reports to the SEC.

How it makes money

The company loses $27200.0 for every $100 of revenue.

Beyond ±100% the scale is logarithmic, so that Mar 2026's −24,400% and the quarters near zero both read.

Each margin is that line of the income statement divided by revenue. Fiscal year: Aurora Innovation, Inc.'s annual reports to the SEC; quarters: SEC filings.

How long can the cash last?

Aurora Innovation had $1.0B in cash and short-term investments at the end of Sep 2026. It burned $800M over the last four quarters (operating cash flow minus capital spending), so at that pace the cash lasts about 5 quarters. It raised $313M selling new shares over the same four quarters. Its diluted share count is up 21% from two years earlier.

From Aurora Innovation, Inc.'s SEC filings: cash and cash equivalents plus short-term investments (none where none is filed) at each quarter end; free cash flow is operating cash flow minus capital spending; shares are each quarter's diluted weighted average as filed, since the stock's listing and its latest split (a 10-K gives no fourth-quarter figure). Shown while the last four quarters' operating cash flow and net income are both negative.

Customers and suppliers

In its latest annual report Aurora Innovation buys from AUMOVIO, Amazon; sells to Hirschbach, Uber, FedEx and 3 more.

Their suppliers

e.l.f. Beauty ELFto Amazon

United Parcel Service UPSto Amazon

Applied Optoelectronics AAOIto Amazon

NXP Semiconductors NXPIto AUMOVIO

Show 4

Suppliers

Amazon AMZN

AUMOVIO AMVOY

 

AURAurora Innovation

Customers

FedEx FDX

Uber UBER

Hirschbach

Schneider

Volvo VOLV-B.ST

Werner

Partners

Uber UBERinvested in Aurora Innovation · Invests and supports self-driving ride-hailing commercialization$400 million investment concurrent with self-driving-unit acquisition

AUMOVIO AMVOYJointly develops scalable autonomous driving hardware systems

PACCAR PCARDevelops driverless-capable trucks and self-driving fleet services

Toyota TMJointly develops and tests self-driving passenger vehicles

DENSO 6902.TJointly develops and tests self-driving passenger vehicles

Volvo VOLV-B.STDevelops autonomous trucks and transportation service solutions

MMcLeodIntegrates transportation management system into trucking service

Ryder Systems RPilots on-site autonomous freight fleet maintenance

Changes since the previous annual report (10-K filed Feb 14, 2025)

AUMOVIO AMVOYNamed for the first time, as a supplier and a partner

MMcLeodNamed for the first time, as a partner

Only the companies Aurora Innovation names in its 10-K filed Feb 11, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words.

Is it expensive?

Currently unprofitable, so P/E does not apply, so we look at price-to-sales instead: 1256x. Revenue is up 200% from a year ago.

No peer data to compare against.

Yahoo Finance's Auto Parts list is another business, and this site has too few other companies in its StockFit industry group, Autonomous Vehicles & Self-Driving Tech, near it in market value, so Aurora Innovation is not compared with peers.

Aurora Innovation, Inc. is currently unprofitable, so P/E does not apply. We use price-to-sales instead: market cap as a multiple of revenue.

What analysts expect

The average analyst price target is $11.55, 165% above the current price; 62% of 13 analysts rate it a buy; earnings beat estimates in 3 of the last 4 quarters.

Buy or Strong Buy: 8 analysts (62%). Sell or Strong Sell: 0.

Over the past year the average of the analysts' latest price targets went from $8.17 to $12.67 (+55%), while AUR went from $4.05 to $4.35 (+7%). In the past three months targets were raised 4 times and cut 4 times. No firm upgraded or downgraded it over the year.

The day after each of these reports the stock moved −5.4% (Dec 2025, beat); +9.3% (Mar 2026, beat); +0.5% (Jun 2026, missed); −14.0% (Sep 2026, beat).

For the quarter ending Dec 2026, analysts expect revenue of $3.2M, up 216% on a year earlier. For the fiscal year ending Dec 2027, they expect revenue of $150M, up 1,546% on the year before's estimate.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Capex of $100M exceeds operating cash flow of −$700M, leaving free cash flow of −$800M. The gap has to be covered with cash on hand or borrowing.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings.

Financial health

Current ratio 11.9, no pressure to repay short-term debt; debt-to-equity 0.0, debt is very low and the balance sheet is solid.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 7 funds whose copy leaves AUR out (on the exchange, not in the app yet): Baillie Gifford &, Third Point, Canada Pension Plan Investment Board, Swiss National Bank, Norges Bank, Mirae Asset Global Investments and 1 more.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 12 held AUR at the end of their latest quarter (for most, Q2 2026). Over that quarter 4 added shares, 3 cut, 3 bought new and 2 held the same. The largest of them is Baillie Gifford &, 53.22M shares worth $295M at Sep 30, 2026, 3.5% fewer than a quarter earlier.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of AUR at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.

Are insiders buying or selling?

Officers and directors bought $1.5M and sold $99.1M of AUR on the open market in the 12 months to Nov 10, 2026. The largest was Reid Hoffman (Director), who sold $54.3M in 9 sales.

From the Form 4s filed with the SEC about Aurora Innovation, Inc. (40 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 46 other transactions (grants, shares withheld for tax, gifts and other transfers). Also not counted: 3 trades by holders of more than 10% who are neither officers nor directors.