Aurora Innovation (AUR) saw its stock plummet 6.32% in the past 24 hours following the release of its first-quarter 2025 earnings report. The self-driving technology company reported quarterly losses of $0.12 per share, meeting analyst expectations but representing a 9.09% increase in losses compared to the same period last year.

The earnings report revealed several concerning factors that likely contributed to the stock's sharp decline. Most notably, Aurora reported zero revenue for the quarter, falling short of the $250,000 that analysts had anticipated. Additionally, the company's net loss widened to $208 million, with an adjusted EBITDA loss of $171 million.

Despite the negative market reaction, Aurora Innovation maintained a cash position of $170 million as of March 31. However, investors appear to be growing increasingly cautious about the company's path to profitability in the competitive autonomous driving sector. The stock's decline comes after a period of growth, with shares having risen 8.7% in the previous quarter and gained 16.0% year-to-date prior to this earnings announcement.