AEye, Inc.

For the period ended Dec 31, 2025. Filed Mar 18, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 18, 2026

LIDR$0.84-6.0%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

AEYE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands)

	Year Ended December 31,
	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$(33,958)	$(35,460)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	155	129
Gain on sale of property and equipment, net	—	(12)
Noncash lease expense relating to operating lease right-of-use assets	211	956
Gain on termination of operating lease, net	(1,014)	(491)
Common stock purchase agreement costs	337	1,124
Debt issuance costs	2,020	—
Gain on extinguishment of warrant	(64)	—
Inventory write-downs, net of scrapped inventory	48	161
Change in fair value of convertible note and warrant liabilities	1,895	—
Stock-based compensation	5,522	9,047
Amortization of premiums and accretion of discounts on marketable securities, net of change in accrued interest	(378)	(611)
Expected credit losses, net of write-off	2	35
Changes in operating assets and liabilities:
Accounts receivable, net	(68)	85
Inventories, current and noncurrent, net	(678)	245
Prepaid and other current assets	(1,054)	1,490
Other noncurrent assets	241	215
Accounts payable	9	156
Accrued expenses and other current liabilities	(767)	(2,389)
Operating lease liabilities	(236)	(955)
Other noncurrent liabilities	—	(345)
Net cash used in operating activities	(27,777)	(26,620)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(109)	(486)
Proceeds from sale of property and equipment	—	45
Proceeds from redemptions and maturities of marketable securities	23,079	32,426
Purchases of marketable securities	(53,768)	(24,241)
Net cash provided by (used in) investing activities	(30,798)	7,744
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options	—	134
Proceeds from the issuance of convertible notes	2,950	146
Payments for convertible note redemptions	(989)	—
Transaction costs related to issuance of convertible note	(658)	—
Taxes paid related to the net share settlement of equity awards	(643)	(161)
Proceeds from issuance of common stock under the Common Stock Purchase Agreements	90,961	11,080
Stock issuance costs related to the Common Stock Purchase Agreements	(1,835)	(1,232)
Proceeds from exercise of warrant	1,788	—
Proceeds from issuance of common stock through the Employee Stock Purchase Plan	91	93
Net cash provided by financing activities	91,665	10,060
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	33,090	(8,816)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period	10,266	19,082
CASH AND CASH EQUIVALENTS—End of period	$43,356	$10,266
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$—	$—
Cash paid (refunded) for income taxes, net	58	(2)
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Noncash debt issuance costs	$1,362	$—
Stock issuance costs included in accounts payable and accrued liabilities	108	198
Purchases of property and equipment included in accounts payable and accrued liabilities	18	—
Operating lease liabilities extinguished upon termination of lease	—	16,325
Operating lease right-of-use asset derecognized upon termination of lease	—	10,371
Operating lease right-of-use assets obtained in exchange for lease obligation	—	753
Stock issuance costs through issuance of common stock	—	282
Proceeds from issuance of common stock in prepaid and other current assets	—	1,679

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