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

electroCore, Inc. is the larger business by last-quarter revenue ($9.2M vs $5.6M, roughly 1.6× Aeva Technologies, Inc.). electroCore, Inc. runs the higher net margin — -32.8% vs -450.3%, a 417.5% gap on every dollar of revenue. On growth, Aeva Technologies, Inc. posted the faster year-over-year revenue change (108.5% vs 31.2%). Over the past eight quarters, Aeva Technologies, Inc.'s revenue compounded faster (63.3% CAGR vs 30.3%).

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.

electroCore, Inc. is a medical technology company based in Basking Ridge, New Jersey. electroCore was co-founded in 2005 by JP Errico, Thomas J. Errico, MD, Charles Theofilos, MD, and Peter Staats, MD. The current chief executive officer is Daniel S. Goldberger. electroCore has one product called gammaCore, a non-invasive, commercially available product that uses vagus nerve stimulation.

AEVA vs ECOR — Head-to-Head

Bigger by revenue
ECOR
ECOR
1.6× larger
ECOR
$9.2M
$5.6M
AEVA
Growing faster (revenue YoY)
AEVA
AEVA
+77.3% gap
AEVA
108.5%
31.2%
ECOR
Higher net margin
ECOR
ECOR
417.5% more per $
ECOR
-32.8%
-450.3%
AEVA
Faster 2-yr revenue CAGR
AEVA
AEVA
Annualised
AEVA
63.3%
30.3%
ECOR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AEVA
AEVA
ECOR
ECOR
Revenue
$5.6M
$9.2M
Net Profit
$-25.3M
$-3.0M
Gross Margin
23.5%
88.4%
Operating Margin
-517.6%
-31.8%
Net Margin
-450.3%
-32.8%
Revenue YoY
108.5%
31.2%
Net Profit YoY
30.0%
6.0%
EPS (diluted)
$2.10
$-0.34

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
ECOR
ECOR
Q4 25
$5.6M
$9.2M
Q3 25
$3.6M
$8.7M
Q2 25
$5.5M
$7.4M
Q1 25
$3.4M
$6.7M
Q4 24
$2.7M
$7.0M
Q3 24
$2.3M
$6.6M
Q2 24
$2.0M
$6.1M
Q1 24
$2.1M
$5.4M
Net Profit
AEVA
AEVA
ECOR
ECOR
Q4 25
$-25.3M
$-3.0M
Q3 25
$107.5M
$-3.4M
Q2 25
$-192.7M
$-3.7M
Q1 25
$-34.9M
$-3.9M
Q4 24
$-36.1M
$-3.2M
Q3 24
$-37.4M
$-2.5M
Q2 24
$-43.4M
$-2.7M
Q1 24
$-35.3M
$-3.5M
Gross Margin
AEVA
AEVA
ECOR
ECOR
Q4 25
23.5%
88.4%
Q3 25
12.0%
86.0%
Q2 25
-49.4%
87.3%
Q1 25
9.2%
84.9%
Q4 24
-30.7%
85.9%
Q3 24
-32.0%
83.8%
Q2 24
-42.1%
86.3%
Q1 24
-66.1%
83.7%
Operating Margin
AEVA
AEVA
ECOR
ECOR
Q4 25
-517.6%
-31.8%
Q3 25
-926.5%
-33.2%
Q2 25
-633.7%
-47.5%
Q1 25
-903.1%
-56.9%
Q4 24
-1270.0%
-43.6%
Q3 24
-1683.4%
-40.4%
Q2 24
-2431.1%
-42.2%
Q1 24
-1772.4%
-70.7%
Net Margin
AEVA
AEVA
ECOR
ECOR
Q4 25
-450.3%
-32.8%
Q3 25
3003.5%
-39.2%
Q2 25
-3497.4%
-49.7%
Q1 25
-1035.2%
-57.4%
Q4 24
-1340.7%
-45.8%
Q3 24
-1662.0%
-38.1%
Q2 24
-2156.7%
-43.2%
Q1 24
-1676.6%
-64.4%
EPS (diluted)
AEVA
AEVA
ECOR
ECOR
Q4 25
$2.10
$-0.34
Q3 25
$-0.52
$-0.40
Q2 25
$-3.49
$-0.44
Q1 25
$-0.64
$-0.47
Q4 24
$-0.66
$-0.37
Q3 24
$-0.70
$-0.31
Q2 24
$-0.82
$-0.38
Q1 24
$-0.67
$-0.53

Balance Sheet & Financial Strength

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

Metric
AEVA
AEVA
ECOR
ECOR
Cash + ST InvestmentsLiquidity on hand
$121.9M
$11.6M
Total DebtLower is stronger
$7.8M
Stockholders' EquityBook value
$13.2M
$-1.7M
Total Assets
$179.7M
$18.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEVA
AEVA
ECOR
ECOR
Q4 25
$121.9M
$11.6M
Q3 25
$48.9M
$13.0M
Q2 25
$49.8M
$7.1M
Q1 25
$81.0M
$7.8M
Q4 24
$112.0M
$12.2M
Q3 24
$134.8M
$12.9M
Q2 24
$160.2M
$14.2M
Q1 24
$189.3M
$7.8M
Total Debt
AEVA
AEVA
ECOR
ECOR
Q4 25
$7.8M
Q3 25
$7.8M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AEVA
AEVA
ECOR
ECOR
Q4 25
$13.2M
$-1.7M
Q3 25
$33.2M
$-1.1M
Q2 25
$-118.2M
$1.1M
Q1 25
$68.8M
$4.4M
Q4 24
$99.4M
$7.5M
Q3 24
$129.3M
$9.5M
Q2 24
$160.0M
$11.5M
Q1 24
$198.2M
$4.5M
Total Assets
AEVA
AEVA
ECOR
ECOR
Q4 25
$179.7M
$18.7M
Q3 25
$92.8M
$21.4M
Q2 25
$91.1M
$14.6M
Q1 25
$114.5M
$16.0M
Q4 24
$147.5M
$20.5M
Q3 24
$169.1M
$21.0M
Q2 24
$198.1M
$22.4M
Q1 24
$224.8M
$13.9M

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
ECOR
ECOR
Operating Cash FlowLast quarter
$-22.1M
$-1.5M
Free Cash FlowOCF − Capex
$-23.7M
FCF MarginFCF / Revenue
-420.9%
Capex IntensityCapex / Revenue
26.9%
0.0%
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
ECOR
ECOR
Q4 25
$-22.1M
$-1.5M
Q3 25
$-32.3M
$-1.7M
Q2 25
$-29.8M
$-623.0K
Q1 25
$-30.8M
$-4.4M
Q4 24
$-20.9M
$-1.3M
Q3 24
$-25.9M
$-1.4M
Q2 24
$-29.2M
$-1.8M
Q1 24
$-31.0M
$-2.6M
Free Cash Flow
AEVA
AEVA
ECOR
ECOR
Q4 25
$-23.7M
Q3 25
$-33.6M
$-1.7M
Q2 25
$-31.2M
$-648.0K
Q1 25
$-31.3M
$-4.4M
Q4 24
$-23.0M
Q3 24
$-26.4M
Q2 24
$-29.9M
Q1 24
$-32.6M
FCF Margin
AEVA
AEVA
ECOR
ECOR
Q4 25
-420.9%
Q3 25
-938.4%
-19.3%
Q2 25
-566.0%
-8.8%
Q1 25
-927.9%
-65.4%
Q4 24
-854.5%
Q3 24
-1174.7%
Q2 24
-1488.3%
Q1 24
-1547.7%
Capex Intensity
AEVA
AEVA
ECOR
ECOR
Q4 25
26.9%
0.0%
Q3 25
35.6%
0.0%
Q2 25
24.8%
0.3%
Q1 25
13.6%
0.6%
Q4 24
79.3%
Q3 24
24.1%
Q2 24
38.7%
Q1 24
78.2%
Cash Conversion
AEVA
AEVA
ECOR
ECOR
Q4 25
Q3 25
-0.30×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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