vs

Side-by-side financial comparison of Aeva Technologies, Inc. (AEVA) and CaliberCos Inc. (CWD). Click either name above to swap in a different company.

Aeva Technologies, Inc. is the larger business by last-quarter revenue ($5.6M vs $4.1M, roughly 1.4× CaliberCos Inc.). CaliberCos Inc. runs the higher net margin — -188.3% vs -450.3%, a 262.0% gap on every dollar of revenue. On growth, Aeva Technologies, Inc. posted the faster year-over-year revenue change (108.5% vs -52.5%). Over the past eight quarters, Aeva Technologies, Inc.'s revenue compounded faster (63.3% CAGR vs -57.6%).

Aeva Technologies, Inc. is a publicly traded American corporation specializing in sensing hardware and perception software, including LiDAR, headquartered in Mountain View, California. Aeva makes sensing and perception tools for vehicular automation, metrology, and industrial automation.

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

AEVA vs CWD — Head-to-Head

Bigger by revenue
AEVA
AEVA
1.4× larger
AEVA
$5.6M
$4.1M
CWD
Growing faster (revenue YoY)
AEVA
AEVA
+161.0% gap
AEVA
108.5%
-52.5%
CWD
Higher net margin
CWD
CWD
262.0% more per $
CWD
-188.3%
-450.3%
AEVA
Faster 2-yr revenue CAGR
AEVA
AEVA
Annualised
AEVA
63.3%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AEVA
AEVA
CWD
CWD
Revenue
$5.6M
$4.1M
Net Profit
$-25.3M
$-7.7M
Gross Margin
23.5%
Operating Margin
-517.6%
-196.6%
Net Margin
-450.3%
-188.3%
Revenue YoY
108.5%
-52.5%
Net Profit YoY
30.0%
32.2%
EPS (diluted)
$2.10
$1.95

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AEVA
AEVA
CWD
CWD
Q4 25
$5.6M
$4.1M
Q3 25
$3.6M
$3.6M
Q2 25
$5.5M
$5.1M
Q1 25
$3.4M
$7.3M
Q4 24
$2.7M
$8.7M
Q3 24
$2.3M
$11.3M
Q2 24
$2.0M
$8.2M
Q1 24
$2.1M
$23.0M
Net Profit
AEVA
AEVA
CWD
CWD
Q4 25
$-25.3M
$-7.7M
Q3 25
$107.5M
$-4.4M
Q2 25
$-192.7M
$-5.3M
Q1 25
$-34.9M
$-4.4M
Q4 24
$-36.1M
$-11.4M
Q3 24
$-37.4M
$146.0K
Q2 24
$-43.4M
$-4.7M
Q1 24
$-35.3M
$-3.8M
Gross Margin
AEVA
AEVA
CWD
CWD
Q4 25
23.5%
Q3 25
12.0%
Q2 25
-49.4%
Q1 25
9.2%
Q4 24
-30.7%
Q3 24
-32.0%
Q2 24
-42.1%
Q1 24
-66.1%
Operating Margin
AEVA
AEVA
CWD
CWD
Q4 25
-517.6%
-196.6%
Q3 25
-926.5%
-129.6%
Q2 25
-633.7%
-112.4%
Q1 25
-903.1%
-62.7%
Q4 24
-1270.0%
-236.8%
Q3 24
-1683.4%
0.0%
Q2 24
-2431.1%
-65.0%
Q1 24
-1772.4%
-22.9%
Net Margin
AEVA
AEVA
CWD
CWD
Q4 25
-450.3%
-188.3%
Q3 25
3003.5%
-120.2%
Q2 25
-3497.4%
-104.5%
Q1 25
-1035.2%
-60.7%
Q4 24
-1340.7%
-247.6%
Q3 24
-1662.0%
1.3%
Q2 24
-2156.7%
-57.8%
Q1 24
-1676.6%
-16.6%
EPS (diluted)
AEVA
AEVA
CWD
CWD
Q4 25
$2.10
$1.95
Q3 25
$-0.52
$-1.65
Q2 25
$-3.49
$-4.15
Q1 25
$-0.64
$-3.85
Q4 24
$-0.66
$-10.15
Q3 24
$-0.70
$0.12
Q2 24
$-0.82
$-4.34
Q1 24
$-0.67
$-3.53

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AEVA
AEVA
CWD
CWD
Cash + ST InvestmentsLiquidity on hand
$121.9M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.2M
$1.3M
Total Assets
$179.7M
$135.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEVA
AEVA
CWD
CWD
Q4 25
$121.9M
$2.9M
Q3 25
$48.9M
$10.9M
Q2 25
$49.8M
$683.0K
Q1 25
$81.0M
$1.6M
Q4 24
$112.0M
$2.3M
Q3 24
$134.8M
$1.6M
Q2 24
$160.2M
$1.8M
Q1 24
$189.3M
$2.1M
Stockholders' Equity
AEVA
AEVA
CWD
CWD
Q4 25
$13.2M
$1.3M
Q3 25
$33.2M
$4.2M
Q2 25
$-118.2M
$-19.9M
Q1 25
$68.8M
$-15.8M
Q4 24
$99.4M
$-12.6M
Q3 24
$129.3M
$-3.8M
Q2 24
$160.0M
$-4.7M
Q1 24
$198.2M
$-745.0K
Total Assets
AEVA
AEVA
CWD
CWD
Q4 25
$179.7M
$135.4M
Q3 25
$92.8M
$82.6M
Q2 25
$91.1M
$59.3M
Q1 25
$114.5M
$103.6M
Q4 24
$147.5M
$105.5M
Q3 24
$169.1M
$158.6M
Q2 24
$198.1M
$195.2M
Q1 24
$224.8M
$201.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AEVA
AEVA
CWD
CWD
Operating Cash FlowLast quarter
$-22.1M
$-12.1M
Free Cash FlowOCF − Capex
$-23.7M
FCF MarginFCF / Revenue
-420.9%
Capex IntensityCapex / Revenue
26.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-119.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEVA
AEVA
CWD
CWD
Q4 25
$-22.1M
$-12.1M
Q3 25
$-32.3M
$-4.6M
Q2 25
$-29.8M
$-1.2M
Q1 25
$-30.8M
$-1.7M
Q4 24
$-20.9M
$555.0K
Q3 24
$-25.9M
$-74.0K
Q2 24
$-29.2M
$1.4M
Q1 24
$-31.0M
$-1.5M
Free Cash Flow
AEVA
AEVA
CWD
CWD
Q4 25
$-23.7M
Q3 25
$-33.6M
Q2 25
$-31.2M
Q1 25
$-31.3M
Q4 24
$-23.0M
Q3 24
$-26.4M
Q2 24
$-29.9M
Q1 24
$-32.6M
FCF Margin
AEVA
AEVA
CWD
CWD
Q4 25
-420.9%
Q3 25
-938.4%
Q2 25
-566.0%
Q1 25
-927.9%
Q4 24
-854.5%
Q3 24
-1174.7%
Q2 24
-1488.3%
Q1 24
-1547.7%
Capex Intensity
AEVA
AEVA
CWD
CWD
Q4 25
26.9%
Q3 25
35.6%
Q2 25
24.8%
Q1 25
13.6%
Q4 24
79.3%
Q3 24
24.1%
Q2 24
38.7%
Q1 24
78.2%
Cash Conversion
AEVA
AEVA
CWD
CWD
Q4 25
Q3 25
-0.30×
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons