AURAurora Innovation, Inc.
Services-Computer Integrated Systems Design
- Revenue
- $3M
- Operating margin
- -30033.3%
- EBITDA
- −$871M
- 14% YoY
- Market cap
- $8.8B
- Employees
- 1,900
- $2K revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 6.9
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCYes63× of revenueOver 10% of revenue
- Payouts exceed cash flowNo-130% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeYes$2K · 0th pctBottom quartile of its SIC industry
- Quiet on AINo6.9 per 10K words · 88th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$8.8B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$1.2B netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $82M | $68M | $0 | $0 | $3M | |
| Operating income | −$731M | −$1.9B | −$835M | −$786M | −$901M | 15% |
| Net income | −$755M | −$1.7B | −$796M | −$748M | −$816M | 9.1% |
| Operating cash flow | −$564M | −$508M | −$598M | −$611M | −$581M | 4.9% |
| Capex | $48M | $15M | $15M | $34M | $31M | 8.8% |
| Stock-based comp | $220M | $156M | $160M | $144M | $188M | 31% |
| Buybacks | $755M | — | — | — | — |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Sep 17, 2026 | Uber Technologies, Inc | SCHEDULE 13D/A | 9.2% | Passive |
| Aug 19, 2026 | Uber Technologies, Inc | SCHEDULE 13D/A | 10.9% | Passive |
| Aug 7, 2026 | Index Venture Growth Associates III Ltd | SCHEDULE 13D/A | 2.2% | Passive |
| Jun 4, 2026 | Uber Technologies, Inc | SCHEDULE 13D/A | 15.6% | Passive |
| May 22, 2025 | Uber Technologies, Inc | SCHEDULE 13D/A | 23.0% | Passive |
| May 15, 2025 | Uber Technologies, Inc | SCHEDULE 13D/A | 23.0% | Passive |
| May 8, 2024 | Uber Technologies, Inc | SC 13D/A | 27.9% | Passive |
| Feb 22, 2024 | Anderson Sterling | SC 13D/A | 3.7% | Passive |
| Sep 29, 2023 | Bagnell James Andrew | SC 13D/A | 3.5% | Passive |
| Jul 24, 2023 | Uber Technologies, Inc | SC 13D/A | 30.6% | Passive |
Insider trading
- Open-market buys, 12 mo
- $1M · 2
- Open-market sells, 12 mo
- $1.2B · 26
- Net
- −$1.2B
Pay vs performance
No pay-versus-performance disclosure yet.