George Gianarikas

Mark Delaney

Chris Pierce

Colin Rusch

David Vernon

Andres Sheppard

Andres Sheppard-Slinger

Cole Couzens

Jeffrey Osborne

Mike Galli

Aman Gupta

Chris McNally

Douglas Dutton

Itay Michaeli

Nancy Hess

Ravi Sanker

Ravi Shankar

Ravi Shanker

Scott Group

- Aurora Driver surpassed **100,000 driverless miles** on public roads and launched driverless operations on a second trucking lane from **Fort Worth to El Paso**, marking the fastest scaling to a second driverless market in the U.S. self-driving industry.  **[0001828108_2209015:5]** **[0001828108_2209015:7]** 
- For Q3 2025, Aurora reported **$1 million** in revenue and a **loss from operations of $(222) million**, with **$1,604 million** in cash and cash equivalents, short-term investments, and long-term investments as of September 30, 2025.  **[0001828108_2209015:11]** 
- The company plans to launch its **second-generation commercial hardware kit in Q2 2026**, which is expected to drive a **50%+ reduction in hardware costs** and enable driverless operations without a partner-requested observer, supporting a target of **hundreds of driverless trucks by the end of 2026**.  **[0001828108_2209015:8]**  A software release for challenging weather conditions is also planned for **January 2026**.  **[0001828108_2209015:7]**

Aurora Reports Q3 2025 Financials and Operational Milestones

- Aurora Innovation reported **Q3 2025 revenue of $1 million** and an **operating loss of $222 million**, including stock-based compensation.  **[0001828108_2209879_5]** 
- The company surpassed **100,000 driverless miles** on public roads and expanded driverless commercial operations to the **600-mile lane from Fort Worth to El Paso**.  **[0001828108_2209879_1]** **[0001828108_2209879_2]** 
- Aurora plans to launch its **second-generation commercial hardware kit** on a new fleet of International LT Series trucks in **Q2 2026**, with a target to have **hundreds of driverless trucks** in operation by the end of **2026**.  **[0001828108_2209879_1]** **[0001828108_2209879_3]** **[0001828108_2209879_6]** 
- The company ended Q3 2025 with **$1.6 billion in cash and investments**, which is expected to fund operations into the **second half of 2027**.  **[0001828108_2209879_5]**

Aurora Innovation Reports Q3 2025 Results and Operational Milestones

- Aurora Innovation reported **Q3 2025 revenue of $1 million** and **operating losses of $222 million**, ending the quarter with **$1.6 billion in liquidity** projected to fund operations into the **second half of 2027**.  **[0001828108_2209977_5]** 
- The company achieved **100,000 driverless miles** on public roads and launched driverless commercial operations on a new **600-mile lane from Fort Worth to El Paso**.  **[0001828108_2209977_1]** 
- Aurora plans to introduce its **second-generation commercial hardware kit** in **Q2 2026**, which is expected to reduce hardware costs by **50%+** and enable driverless operation without an observer.  **[0001828108_2209977_1]** **[0001828108_2209977_3]** **[0001828108_2209977_8]** 
- A new fleet of International LT Series trucks will be driverless in **Q2 2026**, contributing to the goal of having **hundreds of driverless trucks** in operation by the end of **2026**.  **[0001828108_2209977_3]** **[0001828108_2209977_6]** **[0001828108_2209977_7]** 
- The company expects to achieve **positive gross profit by the end of 2026 or early 2027**.  **[0001828108_2209977_8]**

- Aurora Innovation reported **Q3 2025 revenue of $1 million**, a **12% sequential increase** from Q2, and an **operating loss of $222 million**.  **[0001828108_2209235_5]** 
- The company ended Q3 2025 with **$1.6 billion in cash and investments**, which is expected to fund operations into the **second half of 2027**.  **[0001828108_2209235_5]** 
- Operationally, Aurora surpassed **100,000 driverless miles** on public roads and launched driverless commercial operations on the **Fort Worth to El Paso lane**.  **[0001828108_2209235_1]** **[0001828108_2209235_2]** 
- Aurora plans to launch its **second-generation commercial hardware kit** in **Q2 2026**, which is expected to reduce hardware costs by **over 50%**, and aims to have **hundreds of driverless trucks** in operation by the **end of 2026**.  **[0001828108_2209235_1]** **[0001828108_2209235_4]** **[0001828108_2209235_8]** 
- The company anticipates achieving **positive gross profit by the end of 2026 or early 2027**.  **[0001828108_2209235_8]**

- Aurora Innovation reported **Q3 2025 revenue of $1 million** and a **net loss of $(201) million**.  **[1828108_0001828108-25-000155_a25q3shareholderletter_f.htm:6]** **[1828108_0001828108-25-000155_a25q3shareholderletter_f.htm:8]**  The company's liquidity, including **$1.6 billion in cash and investments**, is projected to fund operations into the **second half of 2027**.  **[1828108_0001828108-25-000155_a25q3shareholderletter_f.htm:6]** 
- The Aurora Driver achieved a milestone of over **100,000 driverless miles** on public roads, doubling its cumulative driverless mileage in just five weeks.  **[1828108_0001828108-25-000155_a25q3shareholderletter_f.htm:2]** 
- The company expanded its driverless operations to new routes and customers, including a strategic partnership with **McLeod Software** to accelerate adoption among mid-market carriers.  **[1828108_0001828108-25-000155_a25q3shareholderletter_f.htm:2]** **[1828108_0001828108-25-000155_a25q3shareholderletter_f.htm:3]** 
- Aurora is progressing with its second and third-generation commercial hardware, with the second generation anticipated to reduce hardware costs by **over 50%**.  **[1828108_0001828108-25-000155_a25q3shareholderletter_f.htm:3]**  Additionally, Continental's AUMOVIO is investing **$110 million** to expand its manufacturing facility for the Aurora Driver hardware kit, expected to be operational by **August 2027**.  **[1828108_0001828108-25-000155_a25q3shareholderletter_f.htm:4]**

Aurora Innovation Announces Q3 2025 Financial Results and Operational Milestones

- Aurora expanded its driverless trucking service by launching a second commercial lane from **Fort Worth to El Paso**, just six months after its inaugural route.  **[1828108_ce9463cd0cf047a7906ff463b3952fcc_0]** 
- The company has surpassed **100,000 driverless miles** on public roads and plans to deploy hundreds of driverless trucks with its next-generation Aurora Driver hardware in **2026**.  **[1828108_ce9463cd0cf047a7906ff463b3952fcc_0]** 
- New, lower-cost hardware, designed to reduce overall cost by half and boost performance, is being integrated with multiple platforms, including the Volvo VNL Autonomous and International LT Series.  **[1828108_ce9463cd0cf047a7906ff463b3952fcc_0]** **[1828108_ce9463cd0cf047a7906ff463b3952fcc_1]** 
- Aurora announced its **third quarter 2025 results** on October 28, 2025.  **[1828108_ce9463cd0cf047a7906ff463b3952fcc_0]** **[1828108_ce9463cd0cf047a7906ff463b3952fcc_2]**

Aurora Innovation Expands Driverless Trucking Service and Announces Q3 2025 Results

- Aurora is targeting **Commercial Launch in 2024** for its autonomous trucking Driver as a Service (DaaS) model, with a path to **positive gross profit in 2026** and **positive free cash flow in 2028**.  **[0001828108_2214205:6]** **[0001828108_2214205:16]** **[0001828108_2214205:24]** **[0001828108_2214205:25]** 
- For **2023**, Aurora reported **$2 million in pilot revenue** and **$675 million in operating expenses** (excluding stock-based compensation), with **$1,348 million in liquidity** as of December 31, 2023, expected to last into **Q4 2025**.  **[0001828108_2214205:20]** 
- The company projects substantial growth, forecasting **$1.3 billion in revenue by 2028** and gross margins reaching **70% by 2027**, with an estimated **~$850 million in incremental capital** needed to achieve positive free cash flow.  **[0001828108_2214205:24]** **[0001828108_2214205:25]** 
- Key to scaling are strategic partnerships with **Volvo Trucks and PACCAR**, and the introduction of a next-generation hardware kit in **2025** designed for **50%+ cost reduction** and **1 million miles of operation**.  **[0001828108_2214205:17]** **[0001828108_2214205:18]**

Aurora Outlines Path to Commercial Launch, Gross Profit, and Self-Funding

- Aurora is the **only company with driverless commercial trucking operations on public roads in the U.S.** and possesses a strong balance sheet providing liquidity into the **second half of 2027**.  **[0001828108_2208940:6]** **[0001828108_2208940:21]** 
- The company has initiated driverless commercial deliveries for Uber Freight and Hirschbach between **Dallas and Houston**, and has expanded operations to the **Fort Worth to El Paso lane**, with further extension to Phoenix planned by **January 2026**.  **[0001828108_2208940:8]** **[0001828108_2208940:9]** 
- Aurora is advancing its **2025 Product Roadmap**, having validated night driverless operations ahead of schedule and expecting to complete validation for rain and heavy wind conditions with its **January 2026 software release**.  **[0001828108_2208940:9]** **[0001828108_2208940:10]** **[0001828108_2208940:11]** 
- Aurora is transitioning to a **Driver as a Service (DaaS) business model** by **2027**, which is designed to be capital-efficient and support shareholder value creation, with a path to expected **gross profit in 2026**.  **[0001828108_2208940:6]** **[0001828108_2208940:11]** **[0001828108_2208940:17]** **[0001828108_2208940:21]** 
- Key strategic partnerships with **OEMs like Volvo Trucks and PACCAR**, and a long-term agreement with **AUMOVIO** for hardware development and manufacturing, are crucial for scaling operations.  **[0001828108_2208940:6]** **[0001828108_2208940:13]** **[0001828108_2208940:14]**

Aurora Commences Driverless Commercial Trucking Operations and Outlines Scaling Roadmap

- **AUMOVIO** announced a **$110 million expansion** of its New Braunfels, Texas manufacturing facility to increase production capacity for advanced driver-assistance systems (ADAS).  **[1828108_14bc9ab6a9864856b91b15ccba732ef6]** 
- The expansion will add **65,000 square feet**, create approximately **100 new jobs**, and is expected to be fully operational by **August 2027**.  **[1828108_14bc9ab6a9864856b91b15ccba732ef6]** 
- This investment supports the fulfillment of a **$1.5 billion radar sensor order** from North American customers and underscores AUMOVIO's commitment to meeting rising demand for ADAS technologies.  **[1828108_14bc9ab6a9864856b91b15ccba732ef6]** 
- The New Braunfels facility, AUMOVIO's first greenfield plant in the U.S., also collaborates in the development of Aurora Driver hardware through a partnership with **Aurora Innovation**.  **[1828108_14bc9ab6a9864856b91b15ccba732ef6]**

AUMOVIO Announces $110 Million Texas Manufacturing Expansion

- Aurora Innovation reported **$1.3 billion in liquidity** at the end of Q2, providing a financial runway until **Q2 2027**.  **[1828108_2162480_1]**  The company aims to achieve **positive free cash flow in 2028** and plans to be opportunistic with fundraising to maintain a long runway.  **[1828108_2162480_9]** 
- The company is currently operating driverless trucks on the **Dallas to Houston lane**, having surpassed **50,000 miles** in early September.  **[1828108_2162480_1]**  Key milestones for **2025** include increasing driverless miles, improving product capability to handle rain and heavy wind, and expanding to new lanes like Fort Worth to El Paso and Phoenix.  **[1828108_2162480_2]** 
- Aurora is transitioning its hardware strategy, with a **second-generation hardware kit** coming online in **2026** to scale to hundreds of trucks, and a **third-generation hardware kit** with Movio in **2027** to scale to thousands of trucks, eventually reaching a run rate of **tens of thousands** by the end of 2027.  **[1828108_2162480_1]** **[1828108_2162480_5]** 
- The long-term business model is **driver-as-a-service** with a pay-per-mile structure, where the Aurora Driver hardware cost is included in the per-mile fee, eliminating large upfront costs for customers.  **[1828108_2162480_1]** **[1828108_2162480_5]** 
- Aurora targets a **$50 billion Serviceable Addressable Market (SAM)** by **2028**, focusing on over-the-road routes between distribution centers and warehouses, with an expectation to operate in most of the U.S. by **2030**.  **[1828108_2162480_3]** **[1828108_2162480_6]**

Aurora Innovation (AUR)