Aurora Innovation posts Q3 cash use of $143M, raises $483M, targets April 2025 launch

Aurora Innovation, Inc.

2024-Q3 EPS reported -$0.35

Q3 2024 operating expenses $196M incl. SBC; cash used $143M, capex $7M.
Raised $483M gross from stock offering; cash & investments ~$1.4B funded into 2026.
Commercial launch expected April 2025; ARM at 97%, 80% of loads achieved 100% API (up 5pp).
New launch customer Schneider signed; Fort Worth-Phoenix lane planned for FH 2025 pilots.
Cumulative 8,200+ autonomous loads, 2.2M+ miles, ~100% on-time performance.

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