---
schema_version: "secwatch.filing_event.v1"
accession: "0001828108-23-000079"
form_type: "8-K"
ticker: "AUR"
cik: "0001828108"
company_name: "Aurora Innovation, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:33:32.026190+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aurora Q1: no revenue, $208M op ex; Driver Feature Complete; $300M Continental deal

## Summary
- First-quarter 2023 operating expenses $208M (incl. $39M SBC); used ~$136M in operating cash; cash & investments $966M.
- Aurora Driver achieved Feature Complete milestone, implementing all capabilities for Dallas-Houston commercial launch lane.
- Entered long-term partnership with Continental to develop, manufacture, service future Aurora Driver hardware; Continental investing over $300M in NRE.
- Autonomy Performance Indicator (API) reached 96% for Q1; Autonomy Readiness Measure (ARM) at 44% as of March 31.
- Pilot operations: 1,635 cumulative loads, 455k+ miles, 98% on-time; Q2 goal of 50 loads/week already met.

## SEC filing metadata
- accession: 0001828108-23-000079
- form_type: 8-K
- ticker: AUR
- cik: 0001828108
- company_name: Aurora Innovation, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828108/000182810823000079/0001828108-23-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828108/000182810823000079/aur-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828108-23-000079
- JSON: https://secwatch.observer/filing/0001828108-23-000079.json
- Plain text: https://secwatch.observer/filing/0001828108-23-000079.txt

## Key facts
- Earnings Releases
  Aurora Innovation, Inc. reported financial results for its quarter ended March 31, 2023.
  - Period: its quarter ended March 31, 2023
  - Result: reported results
  source text: On May 3, 2023, Aurora Innovation, Inc. (the “Company”) announced its financial results for its quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828108/000182810823000079/0001828108-23-000079-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.