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of Contents](#toc)\n\n \n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n \n\n**FORM 10-Q**\n\n \n\n \n\n☒\n\n**QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For the quarterly period ended March 31, 2026**\n\n \n\n**OR**\n\n \n\n☐\n\n**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For the transition period from ________ to ________**\n\n \n\n**Commission file number 001-39699**\n\n \n\n \n\n**AEye, Inc.**\n\n**(Exact name of registrant as specified in its charter)**\n\n \n\n**Delaware**\n \n**37-1827430**\n\n(State or other jurisdiction of incorporation or organization)\n \n(I.R.S. Employer Identification No.)\n\n  \n\n**4670 Willow Road, Suite 125, Pleasanton, CA**\n \n**94588**\n\n(Address of Principal Executive Offices)\n \n(Zip Code)\n\n**(925) 400-4366**\n\nRegistrant’s telephone number, including area code\n\n \n\n**Not Applicable**\n\n(Former name, former address and former fiscal year, if changed since last report)\n\n \n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of each class\n\nTrading Symbol(s)\n\nName of each exchange on which registered\n\nCommon stock, $0.0001 par value per share\n\nLIDR\n\nThe Nasdaq Stock Market LLC\n\nWarrants to purchase one share of common stock\n\nLIDRW\n\nThe Nasdaq Stock Market LLC\n\n \n\nIndicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days.     Yes  ☒    No  ☐ \n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).     Yes  ☒    No  ☐\n\n \n\n \n\n[Table of Contents](#toc)\n\n \n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☐\n\nNon-accelerated filer  \n\n☒\n\nSmaller reporting company\n\n☒\n\n  \nEmerging growth company\n☐\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒\n\n \n\nAs of May 12, 2026, the registrant had 46,314,820 shares of common stock, 0.0001 par value per share, outstanding.\n\n \n\n \n\n \n\n1\n\n[Table of Contents](#toc)\n\n  \n\n \n\n**AEye, Inc.**\n\n**Quarterly Report on Form 10-Q**\n\n**For the Quarterly Period Ended March 31, 2026**\n\n \n\n \n\n**TABLE OF CONTENTS**\n\n \n\n \n \n\n**Page**\n\n[CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS](#cautionary)\n\n[3](#cautionary)\n\n \n \n \n\n[**PART I - FINANCIAL INFORMATION**](#partone)\n\n[Item 1. Financial Statements (Unaudited)](#finstmts)\n\n[4](#finstmts)\n\n \n\n[Condensed Consolidated Balance Sheets](#bs)\n\n[4](#bs)\n\n \n\n[Condensed Consolidated Statements of Operations and Comprehensive Loss](#income)\n\n[5](#income)\n\n \n\n[Condensed Consolidated Statements of Stockholders' Equity](#se)\n\n[6](#se)\n\n \n\n[Condensed Consolidated Statements of Cash Flows](#cf)\n\n[7](#cf)\n\n \n\n[Notes To Condensed Consolidated Financial Statements](#notes)\n\n[8](#notes)\n\n[Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](#mda)\n\n[20](#mda)\n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#quant)\n\n[30](#quant)\n\n[Item 4. Controls and Procedures](#controls)\n\n[31](#controls)\n\n[**PART II - OTHER INFORMATION**](#parttwo)\n\n[Item 1. Legal Proceedings](#legal)\n\n[32](#legal)\n\n[Item 1A. Risk Factors](#risk)\n\n[32](#risk)\n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#unregistered)\n\n[66](#unregistered)\n\n[Item 3. Defaults Upon Senior Securities](#defaults)\n\n[66](#defaults)\n\n[Item 4. Mine Safety Disclosures](#mine)\n\n[66](#mine)\n\n[Item 5. Other Information](#otherinfo)\n\n[66](#otherinfo)\n\n[Item 6. Exhibits](#exhibits)\n\n[67](#exhibits)\n\n[Signatures](#sigs)\n\n[69](#sigs)\n\n \n\n2\n\n[Table of Contents](#toc)\n\n \n\n \n\n**CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS**\n\n \n\nThis Quarterly Report on Form 10-Q (this “Form 10-Q”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve substantial risks and uncertainties. These statements reflect the current views of management with respect to future events and our financial performance. In some cases, you can identify these statements by forward-looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words or phrases, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements, which are subject to risks, uncertainties, and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies, and anticipated trends in our business.\n\n \n\nThese statements are only predictions based on our current expectations and projections about future events. These statements involve known and unknown risks, uncertainties, and other important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance, or achievements expressed or implied by the forward-looking statements. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. These factors include the information set forth in Part 1, Item 1A, of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 under the heading “Risk Factors,” and Part II, Item 1A, of this Quarterly Report under the heading “Risk Factors,” which we encourage you to carefully read. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. We undertake no obligation to update any forward-looking statements made in this Form 10-Q to reflect events or circumstances after the date of this Form 10-Q or to reflect new information or the occurrence of unanticipated events, except as required by law.\n\n \n\n3\n\n[Table of Contents](#toc)\n\n \n\n \n\n**PART 1. FINANCIAL INFORMATION**"}