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Side-by-side financial comparison of Aeva Technologies, Inc. (AEVA) and Local Bounti Corporation (LOCL). Click either name above to swap in a different company.
Local Bounti Corporation is the larger business by last-quarter revenue ($12.5M vs $6.3M, roughly 2.0× Aeva Technologies, Inc.). On growth, Aeva Technologies, Inc. posted the faster year-over-year revenue change (85.9% vs 23.7%). Over the past eight quarters, Aeva Technologies, Inc.'s revenue compounded faster (76.4% CAGR vs 21.9%).
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.
Local Bounti Corporation is a U.S.-based sustainable indoor agriculture firm growing fresh, pesticide-free leafy greens, herbs and produce via advanced hydroponic and vertical farming tech. It serves North American retail and food service partners, focusing on low environmental impact and stable year-round supply.
AEVA vs LOCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.3M | $12.5M |
| Net Profit | — | $-8.7M |
| Gross Margin | 31.0% | 12.2% |
| Operating Margin | -492.1% | -106.1% |
| Net Margin | — | -69.8% |
| Revenue YoY | 85.9% | 23.7% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | — | $1.52 |
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.
| Q1 26 | $6.3M | — | ||
| Q4 25 | $5.6M | $12.5M | ||
| Q3 25 | $3.6M | $12.2M | ||
| Q2 25 | $5.5M | $12.1M | ||
| Q1 25 | $3.4M | $11.6M | ||
| Q4 24 | $2.7M | $10.1M | ||
| Q3 24 | $2.3M | $10.2M | ||
| Q2 24 | $2.0M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-25.3M | $-8.7M | ||
| Q3 25 | $107.5M | $-26.4M | ||
| Q2 25 | $-192.7M | $-21.6M | ||
| Q1 25 | $-34.9M | $-37.7M | ||
| Q4 24 | $-36.1M | $-36.3M | ||
| Q3 24 | $-37.4M | $-34.3M | ||
| Q2 24 | $-43.4M | $-25.3M |
| Q1 26 | 31.0% | — | ||
| Q4 25 | 23.5% | 12.2% | ||
| Q3 25 | 12.0% | 11.5% | ||
| Q2 25 | -49.4% | 12.2% | ||
| Q1 25 | 9.2% | 12.6% | ||
| Q4 24 | -30.7% | 5.4% | ||
| Q3 24 | -32.0% | 13.8% | ||
| Q2 24 | -42.1% | 14.3% |
| Q1 26 | -492.1% | — | ||
| Q4 25 | -517.6% | -106.1% | ||
| Q3 25 | -926.5% | -149.4% | ||
| Q2 25 | -633.7% | -127.7% | ||
| Q1 25 | -903.1% | -135.6% | ||
| Q4 24 | -1270.0% | -166.6% | ||
| Q3 24 | -1683.4% | -176.0% | ||
| Q2 24 | -2431.1% | -146.8% |
| Q1 26 | — | — | ||
| Q4 25 | -450.3% | -69.8% | ||
| Q3 25 | 3003.5% | -216.6% | ||
| Q2 25 | -3497.4% | -178.3% | ||
| Q1 25 | -1035.2% | -324.6% | ||
| Q4 24 | -1340.7% | -360.1% | ||
| Q3 24 | -1662.0% | -335.2% | ||
| Q2 24 | -2156.7% | -267.6% |
| Q1 26 | — | — | ||
| Q4 25 | $2.10 | $1.52 | ||
| Q3 25 | $-0.52 | $-1.18 | ||
| Q2 25 | $-3.49 | $-1.63 | ||
| Q1 25 | $-0.64 | $-4.32 | ||
| Q4 24 | $-0.66 | $-4.24 | ||
| Q3 24 | $-0.70 | $-4.01 | ||
| Q2 24 | $-0.82 | $-3.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.2M | $4.2M |
| Total DebtLower is stronger | — | $483.1M |
| Stockholders' EquityBook value | — | $-166.2M |
| Total Assets | $147.3M | $410.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $31.2M | — | ||
| Q4 25 | $121.9M | $4.2M | ||
| Q3 25 | $48.9M | $6.2M | ||
| Q2 25 | $49.8M | $5.3M | ||
| Q1 25 | $81.0M | $18.0M | ||
| Q4 24 | $112.0M | $937.0K | ||
| Q3 24 | $134.8M | $317.0K | ||
| Q2 24 | $160.2M | $9.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $483.1M | ||
| Q3 25 | — | $484.9M | ||
| Q2 25 | — | $478.3M | ||
| Q1 25 | — | $480.0M | ||
| Q4 24 | — | $436.8M | ||
| Q3 24 | — | $398.4M | ||
| Q2 24 | — | $374.0M |
| Q1 26 | — | — | ||
| Q4 25 | $13.2M | $-166.2M | ||
| Q3 25 | $33.2M | $-158.1M | ||
| Q2 25 | $-118.2M | $-132.7M | ||
| Q1 25 | $68.8M | $-134.5M | ||
| Q4 24 | $99.4M | $-100.5M | ||
| Q3 24 | $129.3M | $-65.6M | ||
| Q2 24 | $160.0M | $-32.8M |
| Q1 26 | $147.3M | — | ||
| Q4 25 | $179.7M | $410.5M | ||
| Q3 25 | $92.8M | $417.8M | ||
| Q2 25 | $91.1M | $426.8M | ||
| Q1 25 | $114.5M | $447.2M | ||
| Q4 24 | $147.5M | $428.0M | ||
| Q3 24 | $169.1M | $430.8M | ||
| Q2 24 | $198.1M | $438.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-3.1M |
| Free Cash FlowOCF − Capex | — | $-3.6M |
| FCF MarginFCF / Revenue | — | -29.1% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-22.1M | $-3.1M | ||
| Q3 25 | $-32.3M | $-8.9M | ||
| Q2 25 | $-29.8M | $-8.7M | ||
| Q1 25 | $-30.8M | $-9.6M | ||
| Q4 24 | $-20.9M | $1.2M | ||
| Q3 24 | $-25.9M | $-17.2M | ||
| Q2 24 | $-29.2M | $-4.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.7M | $-3.6M | ||
| Q3 25 | $-33.6M | $-10.1M | ||
| Q2 25 | $-31.2M | $-14.6M | ||
| Q1 25 | $-31.3M | $-14.5M | ||
| Q4 24 | $-23.0M | $-8.6M | ||
| Q3 24 | $-26.4M | $-30.0M | ||
| Q2 24 | $-29.9M | $-28.8M |
| Q1 26 | — | — | ||
| Q4 25 | -420.9% | -29.1% | ||
| Q3 25 | -938.4% | -82.8% | ||
| Q2 25 | -566.0% | -121.0% | ||
| Q1 25 | -927.9% | -125.1% | ||
| Q4 24 | -854.5% | -85.3% | ||
| Q3 24 | -1174.7% | -293.1% | ||
| Q2 24 | -1488.3% | -305.4% |
| Q1 26 | — | — | ||
| Q4 25 | 26.9% | 3.9% | ||
| Q3 25 | 35.6% | 9.7% | ||
| Q2 25 | 24.8% | 48.9% | ||
| Q1 25 | 13.6% | 42.8% | ||
| Q4 24 | 79.3% | 97.6% | ||
| Q3 24 | 24.1% | 125.0% | ||
| Q2 24 | 38.7% | 263.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -0.30× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AEVA
| Professional service | $3.8M | 61% |
| Product | $2.4M | 39% |
LOCL
Segment breakdown not available.
