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Aurora Innovation, Inc. (AUR) stock

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NASDAQ: AUR Nasdaq Application Software Next results ~February 10, 2027

E Fundamentals grade

Aurora Innovation, Inc. is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

Not valued: the figures our models need are missing or failed our data-quality checks.

Price vs value

No model value: free cash flow after stock pay is not positive. How we value companies.

Aurora Innovation, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 3 selling2 purchases and 23 sales by directors and officers, last 12 monthsInsider trades
  • Funds267 adding, 142 cuttingOf 46 active managers that changed their stake, 35 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Aurora Innovation files

10-Q filed October 28: Aurora Innovation

Revenue for the twelve months to September 2026 was $7m, up 250.0% on a year earlier, slower than the 400.0% growth a quarter earlier. That growth ranks 2 of 124 among the application software companies we cover. Free-cash-flow margin rose to -11428.6% from -30400.0% a year earlier. Operating margin widened to -14357.1% from -43100.0%. The diluted share count is up 10.1% on a year earlier, which dilutes existing holders.

Our models give no value for Aurora Innovation at present, so past values are not shown.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 29: Aurora Innovation

Aurora Innovation's revenue reached $7m over the twelve months to June 2026, a 250.0% increase on the prior year. That pace has eased from the 400.0% growth recorded a quarter earlier, though it still ranks first of 55 among the application software companies we cover. Free-cash-flow margin, while still deeply negative, improved to -11428.6% from -30400.0% a year earlier. Operating margin also widened less severely, moving to -14357.1% from -43100.0%. Meanwhile, the diluted share count has grown 10.1% year on year, diluting existing holders. Taken together, these shifts have pushed the company's fundamentals grade down from D to E.

10-Q on SEC EDGAR

Where Aurora Innovation stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $5m, up 400.0% on a year earlier, faster than -96.4% a quarter earlier. That growth ranks 4 of 931 among all the companies we cover. Free-cash-flow margin rose to -15020.0% from -60100.0% a year earlier. Operating margin widened to -19400.0% from -83600.0%. The diluted share count is up 12.2% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 10, 2027 (estimated)

Aurora Innovation, Inc.'s trailing-twelve-month revenue grew 250.0% year on year, with a free-cash-flow margin of -11428.6%. Where it stands out: revenue growth of 250.0% ranks 4 of 184 application software companies we cover. Where it lags: gross margin of -285.7% ranks 160 of 160 application software companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 250.0% (-150.0pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 250.0% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • Margins widening. Operating margin is up 28742.9 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Growth slowing. The growth rate is 150.0 points lower than a quarter earlier.
  • Loss-making. Operating margin is -14357.1%: costs exceed revenue.
  • Burning cash. Free cash flow was -11428.6% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 2971.4% of revenue, against a median of 9.3% for application software companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 10.1% in a year.
  • High sales multiple. The shares trade at 1188 times revenue while operating margins remain thin.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
-$0.14 against an average estimate of -$0.12: missed by 18.9%
Revenue
$3m, up 200.0% on a year earlier
Share reaction
-14.0% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
2026 revenue $9m (2026); cash use $250m (fourth quarter of 2026)
Next report
October 28, 2026

Aurora Innovation's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.0%
  • 1 week-13.1%
  • 1 month-25.4%
  • This year+10.2%
  • 1 year-19.3%
  • 5 years-57.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$7M
Operating margin
-14357.1%
Net margin
-13328.6%
EPS (TTM, diluted)
$-0.47

Growth

Revenue growth
+250.0%
Change in growth rate
−150.0 pts
Share count change
+10.1%

Cash

Free cash flow (TTM)
-$800M
FCF margin
-11428.6%
Stock pay % of revenue
2971.4%

Earnings

Last results
October 28, 2026
Next results (est.)
February 10, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Announcement
  4. Announcement
  5. Insider trade
  6. Announcement
  7. Insider trade
  8. Insider trade
  9. Insider trade
  10. Insider trade
  11. Announcement
  12. Insider trade
  13. Partnership
  14. Results
  15. Announcement
  16. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Aurora Innovation, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

Valuation models

We value Aurora Innovation, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 12.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.61 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — 0 Does not apply: no positive value
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. — No model applies: the filings don’t yet support a value.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Aurora Innovation, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$11.26$1.21$4.37$6.30$3.84$4.23
Market value$7.0bn$1.4bn$5.8bn$10.2bn$7.1bn$8.3bn
+ Net debt (− = net cash)−$1.6bn−$262m−$501m−$211m−$221m−$141m
Enterprise value$5.4bn$1.1bn$5.3bn$10.0bn$6.8bn$8.2bn
Multiples
Price / sales 85.3x20.3x——n/mn/m
Price / earnings ——————
Price / free cash flow ——————
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.49 −44% $15m +400%
Next −$0.45 +8% $188m +1152%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −9.7% on 90 days ago. In the last 30 days, 0 analysts raised Aurora Innovation, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Aurora Innovation, Inc., last 90 days
−$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.54 Current fiscal year, 60 days ago: −$0.54 Current fiscal year, 30 days ago: −$0.49 Current fiscal year, 7 days ago: −$0.49 Current fiscal year, Now: −$0.49 −$0.49 Next fiscal year, 90 days ago: −$0.42 Next fiscal year, 60 days ago: −$0.42 Next fiscal year, 30 days ago: −$0.45 Next fiscal year, 7 days ago: −$0.45 Next fiscal year, Now: −$0.45 −$0.45

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.54−$0.42
60 days ago −$0.54−$0.42
30 days ago −$0.49−$0.45
7 days ago −$0.49−$0.45
Now −$0.49−$0.45

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.12 −$0.14 −18.9%
Mar 2026 −$0.12 −$0.11 +5.7%
Dec 2025 −$0.12 −$0.08 +31.9%
Sept 2025 −$0.12 −$0.08 +33.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 28, 2026
  • 2026 revenue 2026 about $9m Lowered vs 14m to 16m
    “Reflecting a production ramp about six weeks behind our prior plan, we now expect 2026 revenue of approximately $9 million, which continues to represent substantial year-over-year growth.” source
  • cash use fourth quarter of 2026 about $250m
    “We expect cash use of approximately $250 million during the fourth quarter of 2026 as we continue to scale our driverless fleet.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

13 analysts, Oct 2026
Buy862%
Hold538%
Sell00%

Monthly trend

  1. Oct 202626513
  2. Sep 202626513
  3. Aug 202635513
  4. Jul 202635513

Counts of recommendations published by analysts covering Aurora Innovation, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
20.5%
of tradable shares
Days to cover
7.43
at average volume
Short interest, 1 month
+14%
to October 15, 2026
Held by institutions
84%
of shares
Held by insiders
10.9%
of shares
Employees
1,900
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −19.3%

$5.24 on October 31, 2025 to $4.23

ThenNowEffect
Revenue (last 12 months) $1m $5m +400.0%
P/S multiple n/m n/m −81.9%
Share count 1728m 1938m −10.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
AUR−89%+261%+44%−39%+10%
Industry peers (median)−50%+19%+2%−20%−14%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
AUR25%50%50%33%36%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
AUR−90%−55%−52%−63%−50%
S&P 500−25%−10%−8%−19%−9%

Worst fall since May 10, 2021: 93% from November 19, 2021 to December 27, 2022. Getting back needed a 1401% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.77 – $8.40
From 52-week high
−49.6%
vs 50-day average
−25.2%
vs 200-day average
−24.8%
Volatility (1 year)
68%
Beta vs S&P 500
2.97

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±8.7%
After a week
5 up, 6 down
typical move ±13.8%
After a month
1 up, 10 down
typical move ±13.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 −14.0% 0.0% — —
July 29, 2026 +0.5% +0.1% +7.7% −8.4%
May 6, 2026 +9.3% +1.1% +28.6% −3.4%
February 11, 2026 −5.4% −1.6% +9.0% −8.5%
October 28, 2025 −3.2% +0.3% −14.9% −23.1%
July 30, 2025 −2.7% −0.5% +1.2% −3.4%
May 8, 2025 −0.4% +0.6% −6.7% −19.6%
February 12, 2025 +34.6% +0.7% +18.7% −0.4%
October 30, 2024 −24.8% −2.3% −17.4% −6.4%
July 31, 2024 +2.8% +0.2% −16.4% +12.9%
May 8, 2024 +6.5% +0.6% −13.9% −32.7%
February 14, 2024 +0.7% +1.6% −16.9% −27.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Aurora Innovation, Inc. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Aurora Innovation, Inc.
$0 $50M $100M $150M FY22 Q2 FY23 Q1 FY25 Q2 FY26 Q3 Revenue (TTM), FY22 Q2: $145M Revenue (TTM), FY22 Q3: $92.3M Revenue (TTM), FY22 Q4: $68.3M Revenue (TTM), FY23 Q1: $26.3M Revenue (TTM), FY23 Q2: $5.3M Revenue (TTM), FY25 Q1: $0 Revenue (TTM), FY25 Q2: $1M Revenue (TTM), FY25 Q3: $2M Revenue (TTM), FY25 Q4: $3M Revenue (TTM), FY26 Q1: $4M Revenue (TTM), FY26 Q2: $5M Revenue (TTM), FY26 Q3: $7M $7M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY22 Q2 $145M
FY22 Q3 $92.3M
FY22 Q4 $68.3M
FY23 Q1 $26.3M
FY23 Q2 $5.3M
FY25 Q1 $0
FY25 Q2 $1M
FY25 Q3 $2M
FY25 Q4 $3M
FY26 Q1 $4M
FY26 Q2 $5M
FY26 Q3 $7M
Revenue growth, TTM YoY Aurora Innovation, Inc.
-200% 0% 200% 400% FY22 Q4 FY23 Q1 FY23 Q2 FY26 Q2 FY26 Q3 Revenue growth, TTM YoY, FY22 Q4: -16.7% Revenue growth, TTM YoY, FY23 Q1: -78.8% Revenue growth, TTM YoY, FY23 Q2: -96.4% Revenue growth, TTM YoY, FY26 Q2: 400.0% Revenue growth, TTM YoY, FY26 Q3: 250.0% 250.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 -16.7%
FY23 Q1 -78.8%
FY23 Q2 -96.4%
FY26 Q2 400.0%
FY26 Q3 250.0%
Operating margin (TTM) Aurora Innovation, Inc.
-100000% -50000% 0% FY22 Q1 FY22 Q4 FY25 Q2 FY26 Q3 Operating margin (TTM), FY22 Q1: -550.2% Operating margin (TTM), FY22 Q2: -1170.9% Operating margin (TTM), FY22 Q3: -1917.0% Operating margin (TTM), FY22 Q4: -2712.8% Operating margin (TTM), FY23 Q1: -7297.6% Operating margin (TTM), FY23 Q2: -17783.3% Operating margin (TTM), FY25 Q2: -83600.0% Operating margin (TTM), FY25 Q3: -43100.0% Operating margin (TTM), FY25 Q4: -30033.3% Operating margin (TTM), FY26 Q1: -23350.0% Operating margin (TTM), FY26 Q2: -19400.0% Operating margin (TTM), FY26 Q3: -14357.1% -14357.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY22 Q1 -550.2%
FY22 Q2 -1170.9%
FY22 Q3 -1917.0%
FY22 Q4 -2712.8%
FY23 Q1 -7297.6%
FY23 Q2 -17783.3%
FY25 Q2 -83600.0%
FY25 Q3 -43100.0%
FY25 Q4 -30033.3%
FY26 Q1 -23350.0%
FY26 Q2 -19400.0%
FY26 Q3 -14357.1%
FCF margin (TTM) Aurora Innovation, Inc.
-80000% -60000% -40000% -20000% 0% FY22 Q1 FY22 Q4 FY25 Q2 FY26 Q3 FCF margin (TTM), FY22 Q1: -482.8% FCF margin (TTM), FY22 Q2: -379.3% FCF margin (TTM), FY22 Q3: -582.9% FCF margin (TTM), FY22 Q4: -766.1% FCF margin (TTM), FY23 Q1: -1979.5% FCF margin (TTM), FY23 Q2: -11634.1% FCF margin (TTM), FY25 Q2: -60100.0% FCF margin (TTM), FY25 Q3: -30400.0% FCF margin (TTM), FY25 Q4: -20400.0% FCF margin (TTM), FY26 Q1: -16150.0% FCF margin (TTM), FY26 Q2: -15020.0% FCF margin (TTM), FY26 Q3: -11428.6% -11428.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY22 Q1 -482.8%
FY22 Q2 -379.3%
FY22 Q3 -582.9%
FY22 Q4 -766.1%
FY23 Q1 -1979.5%
FY23 Q2 -11634.1%
FY25 Q2 -60100.0%
FY25 Q3 -30400.0%
FY25 Q4 -20400.0%
FY26 Q1 -16150.0%
FY26 Q2 -15020.0%
FY26 Q3 -11428.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 20 0 82 68 0 0 3 7
Gross profit — — — — 0 0 −14 −20
EBITDA −112 −215 −715 −1,830 −814 −765 −871 −974
Operating income −114 −218 −731 −1,852 −835 −786 −901 −1,005
Net income −94 −214 −755 −1,723 −796 −748 −816 −933
Diluted EPS −$0.37 −$0.79 −$1.22 −$1.51 −$0.60 −$0.46 −$0.44 −$0.47
Growth (year on year)
Revenue — −100.0% — −17.1% −100.0% — — +250.0%
Margins
Gross margin — — — — — — −466.7% −285.7%
EBITDA margin −569.8% — −872.0% <−999% — — <−999% <−999%
Operating margin −579.1% — −891.5% <−999% — — <−999% <−999%
Net margin −480.0% — −920.7% <−999% — — <−999% <−999%
Free-cash-flow margin −502.8% — −746.3% −769.1% — — <−999% <−999%
Cash flow
Cash from operations −95 −192 −564 −508 −598 −611 −581 −700
Capital spending 4 7 48 15 15 34 31 100
Free cash flow −99 −199 −612 −523 −613 −645 −612 −800
Stock-based pay 28 17 220 156 160 144 188 208
Free cash flow after stock pay −127 −216 −832 −679 −773 −789 −800 −1,008
Balance sheet
Cash 246 387 1,610 262 501 211 221 141
Total debt 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −246 −387 −1,610 −262 −501 −211 −221 −141
Diluted shares 254m 271m 621m 1,143m 1,327m 1,618m 1,839m 1,966m
Returned to shareholders
Buybacks — — 755 — — — — —
Total returned — — 755 — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2026
What it owns · $2.0bn
Short-term assets $1.1bnLonger-term assets $942m
What it owes, and who funded it · $2.0bn
Short-term liabilities $110mLonger-term liabilities $101mShareholders' equity $1.8bn
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $110m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $101m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Aurora Innovation, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+10.1%
year over year
R&D spending
11471.4%
of revenue
Sales & admin spending
2600.0%
of revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated AUR BKYI RYET AZ RYDE NTCL Median
Revenue, last 12 months $7m $7m $7m $8m $10m $10m $482m
Revenue growth, last 12 months 250.0% −3.1% 11.9% 47.0% 42.9% −2.9% 12.0%
Revenue growth, 3-year average −61.6% −2.6% — — — — 11.1%
Revenue growth, latest quarter 200.0% 13.1% — — — — 11.9%
Gross margin −285.7% 81.3% 25.2% 13.8% — 22.8% 69.2%
Operating margin <−999% −86.4% −97.8% −461.4% −50.1% −111.5% 1.1%
Operating margin, 3-year average <−999% −78.8% — — — — −0.8%
Net margin <−999% −90.1% −105.0% −477.6% −139.5% −110.4% 2.1%
Cash from operations / revenue <−999% −62.1% −122.3% −289.9% −188.2% −58.3% 18.2%
Free-cash-flow margin <−999% −62.1% −123.2% −295.6% −188.2% −58.4% 15.0%
Free-cash-flow margin, 3-year average <−999% −51.2% — — — — 16.2%
Stock pay / revenue >999% 2.6% 6.0% 257.7% 88.7% 31.2% 9.3%
Change in share count 10.1% 76.2% 14.1% 73.0% 110.7% 14.2% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 250.0% 12.0% 4 of 184
Change in growth rate Growth -150.0pp +0.2pp 180 of 184
Gross margin Profitability -285.7% 69.8% 160 of 160
Operating margin Profitability -14357.1% 1.1% 179 of 181
Net margin Profitability -13328.6% 2.1% 183 of 185
Free-cash-flow margin Cash generation -11428.6% 15.2% 179 of 180
Stock pay as % of revenue Cash generation 2971.4% 9.3% 177 of 177
Change in share count Balance sheet 10.1% 1.7% 124 of 163

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$11.6B
Institutions reporting
451
Shares held vs prior quarter
▲ 3.8%
Positions opened / closed
79 / 43

Top buyers and sellers, Q2 2026: 267 institutions bought and 142 sold ; the biggest buyer was Capital International Investors (+77.6M shares) and the biggest seller Uber Technologies, Inc (−67.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
T. Rowe Price Investment Management, Inc. $2B 299.4M 17.7% ▲ 2.6%
Uber Technologies, Inc $1.8B 258.5M 15.3% ▼ 20.7%
Morgan Stanley $1.5B 213.9M 12.6% ▲ 11.2%
Vanguard Portfolio Management LLC $569M 83.4M 4.9% ▼ 6.0%
Capital Research Global Investors $566M 83.1M 4.9% ▲ 0.4%
Capital International Investors $529M 77.6M 4.6% New
Vanguard Capital Management LLC $475M 69.7M 4.1% ▲ 1.1%
Blackrock, Inc. $467M 68.5M 4.0% ▲ 10.0%
Baillie Gifford & Co $376M 55.2M 3.3% ▼ 24.7%
Bank Of America Corp $160M 23.5M 1.4% ▼ 21.7%
State Street Corp $156M 22.9M 1.4% ▲ 6.0%
Geode Capital Management, LLC $156M 22.9M 1.3% ▲ 0.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Aurora Innovation, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $1.5M 2 trades by 2 insiders, last 12 months Insider sales History → $1.2B 23 trades by 3 insiders · 0% under pre-set plans
Net ▼ $1.2B net selling
Insider Date Trade Shares Price Value
Uber Technologies, Inc 10% owner September 15, 2026 Sell 29,369,611 $6.21 $182M
Uber Technologies, Inc 10% owner August 17, 2026 Sell 72,000,000 $6.55 $472M
Volpi Michelangelo Director August 17, 2026 Sell 42,639 $7.00 $298,473
Volpi Michelangelo Director August 17, 2026 Sell 2,800,043 $7.00 $19.6M
Volpi Michelangelo Director August 13, 2026 Sell 22,163 $7.01 $155,363
Volpi Michelangelo Director August 13, 2026 Sell 338 $7.01 $2,369
Volpi Michelangelo Director August 12, 2026 Sell 224 $7.00 $1,568
Volpi Michelangelo Director August 12, 2026 Sell 14,692 $7.00 $102,844
Volpi Michelangelo Director August 11, 2026 Sell 1,420,222 $6.99 $9.9M
Volpi Michelangelo Director August 11, 2026 Sell 21,627 $6.99 $151,173
Volpi Michelangelo Director August 10, 2026 Sell 34,181 $7.00 $239,267
Volpi Michelangelo Director August 10, 2026 Sell 520 $7.00 $3,640

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • May 6, 2026
  • February 11, 2026
  • October 28, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Aurora Innovation, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Aurora Innovation, Inc. in brief

What does Aurora Innovation, Inc. do?
Aurora Innovation, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is Aurora Innovation, Inc.'s stock ticker?
Aurora Innovation, Inc. trades under the ticker AUR on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Aurora Innovation, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Aurora Innovation, Inc. reported revenue of $7M, 250.0% higher than a year earlier, according to its SEC filings.
What is Aurora Innovation, Inc.'s free cash flow?
Aurora Innovation, Inc.'s free-cash-flow margin is -11428.6% of revenue over the trailing twelve months, ranking 179 of the 180 application software companies we cover.
Who are Aurora Innovation, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are T. Rowe Price Investment Management, Inc., Uber Technologies, Inc and Morgan Stanley. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Aurora Innovation, Inc.'s market cap?
On November 2, 2026, Aurora Innovation, Inc.'s market capitalisation was about $8.3B and net debt of -$141M. Market figures come from third-party market data and may be delayed.
Who are Aurora Innovation, Inc.'s competitors?
In our Application Software peer group, the companies closest to Aurora Innovation, Inc. are BIO KEY International Inc, Ruanyun Edai Technology Inc., A2z Cust2mate Solutions Corp., Ryde Group Ltd and Netclass Technology Inc. The side-by-side comparison below sets their revenue, margins and growth against Aurora Innovation, Inc.'s.
Are insiders buying or selling Aurora Innovation, Inc. stock?
Over the last 12 months, Aurora Innovation, Inc.'s directors and officers reported 2 open-market purchases and 23 sales on Form 4. The insider trading page charts every trade.
When is Aurora Innovation, Inc.'s next earnings date?
Around February 10, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Aurora Innovation, Inc. announces its own schedule.