Aurora Innovation, Inc. (NASDAQ:AUR) is one of the 12 best mid cap AI stocks to buy according to hedge funds. Aurora Innovation, Inc. (NASDAQ:AUR) reported its fourth-quarter financial results on February 11. In Q4, the company generated $1 million in revenue, demonstrating a 25% QoQ increase. For the full year, revenue came in at $3 million, with adjusted revenue of $4 million. However, the company recorded an operating loss of $238 million during the quarter, which included $48 million in stock-based compensation. Research and Development costs stood at $155 million, while selling, general, and administrative expenses were $30 million. The cost of revenue came in at $6 million.
Despite using $146 million in operating cash during the quarter, Aurora Innovation, Inc. (NASDAQ:AUR) ended the year with $1.5 billion in cash and other liquid assets. Capital expenditures totalled $31 million for the full year and $8 million for the fourth quarter.
For 2026, revenue is expected to be in the range between $14 million and $16 million. More than 200 driverless trucks are projected to be in operation by the end of 2026. CFO, David Maday, commented on the revenue expectations by saying:
“Revenue will be back-end loaded with the fourth quarter projected to contribute over half of full year revenue as we scale driverless operations without a partner requested observer following the launch of our new fleet.”
Aurora Innovation, Inc. (NASDAQ:AUR) is a self-driving technology company operating across the United States. The company specializes in developing the Aurora Driver. It is a platform that combines self-driving software, hardware, and data services. Aurora Innovation was incorporated in 2017 and is based in Pittsburgh, Pennsylvania.
While we acknowledge the potential of AUR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
