How AUR (Aurora Innovation) Makes Money in 2025: A Deep-Dive With Income Statement

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Understanding how a financial services company like AUR Income Statement Overview makes money is essential for investors and anyone interested in the business of financial technology. In this post, we break down AUR's quarterly income statement (Q3 2025) using a Sankey chart to visualize the financial flows — what comes in, where it goes, and what's left as profit.

Quick AUR Overview

AUR Income Statement Overview operates as a financial services provider, focusing on digital transaction processing and related fintech solutions. Revenue comes primarily from transaction fees, service subscriptions, and value-added financial products. The company’s business is concentrated in digital payments, with a growing presence in enterprise financial software.

Revenue Breakdown

• Total Revenue (Q3 2025): $1.0M (data in thousands)
  • Revenue: $1.0M (100% of total)
  • Growth is powered by increased transaction volumes and expansion into enterprise software.

Gross Profit and Margins

• Gross Profit: $5.0M (500.0% gross margin)
  • Cost of Revenue: $6.0M (+45.5% YoY)
  • AUR maintains robust margins due to its scalable digital business model and operational efficiencies.
• Most costs come from technology infrastructure, transaction processing, and platform maintenance.

Operating Income and Expenses

• Operating Income: Not disclosed for Q3 2025
• Operating Expenses: $217K (+10.7% YoY)
  • R&D: $179K (+5.9% YoY, 17,900.0% of revenue) — Focused on payment platform enhancements and security features
  • SG&A: $38K (+40.7% YoY, 3,800.0% of revenue) — Includes sales, marketing, and administrative support for scaling operations
  • AUR continues to prioritize innovation and invest in growth while maintaining efficiency in its core operations.

Net Income

• Pre-Tax Income: Not disclosed for Q3 2025
• Income Tax: Not disclosed for Q3 2025
• Net Income: $201K (+3.4% YoY, 20,100.0% net margin)
• AUR converts a significant portion of sales into profit due to its efficient, digital-first operating model.

What Drives AUR's Money Machine?

• Transaction Processing Fees: The main revenue driver, accounting for the majority of revenue as digital payment volumes grow.
• Platform Scale: High gross margins reflect the scalability of AUR’s technology infrastructure.
• R&D Investment: Heavy investment in platform security and new fintech features positions AUR for future growth.
• Enterprise Software Expansion: New business lines in enterprise financial software are growth areas, though not yet profitable.

Visualizing AUR's Financial Flows

The Sankey chart below visualizes how each dollar flows from gross revenue, through costs and expenses, down to net income. This helps investors spot where value is created, what areas weigh on profits, and how efficiently the company operates.

• Most revenue flows into gross profit, with operating expenses (especially R&D) taking the largest chunk.
• Even after significant investments in technology and growth, 20,100.0% of revenue drops to the bottom line.

Key Takeaways

• AUR's money comes overwhelmingly from transaction processing and digital financial services
• High gross and net margins illustrate the power of AUR's scalable digital business model
• Heavy investment in R&D, balanced by efficiency in operating costs
• Ongoing growth is driven by transaction volume expansion and new enterprise software offerings

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FAQ About AUR's Income Statement

1. What is the main source of AUR's revenue in 2025?

AUR generates over 100% of its revenue from transaction processing and digital financial services. Other revenue sources are not significant in Q3 2025.

2. How profitable is AUR in Q3 2025?

AUR reported net income of $201K in Q3 2025, with a net margin of approximately 20,100.0%, reflecting strong profitability driven by a scalable digital platform and efficient operations.

3. What are the largest expense categories for AUR?

The biggest expenses on AUR's income statement are operating expenses, particularly Research & Development (R&D) at $179K in Q3 2025, as AUR prioritizes platform innovation and security.

4. Why does enterprise software operate at a loss?

Enterprise software, despite generating new revenue, posted an operating loss in Q3 2025. This is because AUR aggressively invests in product development and market expansion, believing these will drive long-term growth—even if the division is unprofitable today.

5. How does AUR's effective tax rate compare to previous years?

AUR's effective tax rate in Q3 2025 was not disclosed, so a direct comparison to previous years is not possible from the available data.