奥睿创新有限公司-A 2025年季度报告

FORM10-Q TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number001-40216 ____________________________ Aurora Innovation, Inc. ____________________________ (State or other jurisdiction of 1654 Smallman St.,Pittsburgh,Pennsylvania(Address of Principal Executive Offices)(888)583-9506Registrant's telephone number, including area codeSecurities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s) Class A common stock, par value $0.00001per share Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesoNoxThe registrant had outstanding1,418,704,343shares of Class A common stock and350,170,526shares of Class B common stock as of Part I - Financial InformationFinancial Statements Management's Discussion and Analysis of Financial Condition and Results of Operations Quantitative and Qualitative Disclosures About Market RiskControls and ProceduresPart II - Other InformationLegal Proceedings Mine Safety Disclosures Other InformationExhibits This Quarterly Report on Form 10-Q (this “Quarterly Report”) contains forward-looking statements within the meaning of thefederal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate tofuture events or our future financial or operating performance. In some cases, you can identify forward-looking statements becausethey contain words such as “may,” “might,” “possible,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements contained in thisQuarterly Report include statements about:•our ability to commercialize the Aurora Driver safely, quickly, and broadly on the timeline we expect;•the safety benefits of our technology and product; •the impact of the regulatory environment and complexities with compliance related to such environment;•our ability to successfully collaborate with business partners; Condensed Consolidated Statements of Stockholders’ Equity (unaudited) CommonstockAdditionalpaid-Accumulatedothercomprehensive incomeAccumulated Balance as of December31, 20231,529$—$5,594$1$(3,610)$Equity issued under incentive compensation plans16—3—— ———(1)(165)1,545$—$5,633$—$(3,775)$ Equity issued under incentive compensation plans19—17——Issuance of common stock in at-the-marketoffering, net of issuance costs10—68—— Balance as of March31, 2025 See accompanying notes to the condensed consolidated financial statements (unaudited) (in millions)Three Months EndedMarch 31,2025 Depreciation and amortization Reduction in the carrying amount of right-of-use assetsStock-based compensation Net cash provided by investing activitiesCash flows from financing activities The unaudited condensed consolidated financial statements include the accounts of the Company and its controlled subsidiaries.Intercompany balances and transactions between the Company and its controlled subsidiaries have been eliminated. The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported. Actualresults could differ from those estimates. The information included herein should be read in conjunction with the Annual Report on Form 10-K for the year ended December31,2024. The condensed consolidated balance sheet as of December31, 2024 included herein was derived from the audited financial statements as of that date but does not contain all of the footnote disclosures from the annual financial statements.The unaudited condensed consolidated financial statements reflect, in the opinion of the Company, all adjustments of a normal,recurring nature necessary for a fair statement of our financial position, results of operations, and cash flows for the periods presented The Company’s operations are principally funded by available liquidity from cash, cash equivalents and investments. Managementexpects to continue to incur operating losses and that the Company will need to opportunistically raise additional capital to support the sufficient to meet its working capital and capital expenditure requirements for a period of at least twelve months from the date of thesefinancial statements. Management will continue to evaluate the timing and nature of discretionary operating expenses, as necessary. Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash, cash equivalentsand investments. The Company primarily maintains its cash and cash equivalents at U.S. commercial banks, while its investmentsprimarily consist of U.S. Treasury securities as well as corporate bonds and commercial paper. Cash and cash equivalents deposited not experi