AeroVironment (AVAV) Financials

$174.37 +7.68 (+4.61%)

Closing price 04:00 PM Eastern

Extended Trading

$174.72 +0.35 (+0.20%)

As of 07:59 PM Eastern

Annual Income Statements for AeroVironment

This table shows AeroVironment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	4/30/2015	4/30/2016	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Net Income / (Loss) Attributable to Common Shareholders	2.90	8.97	13	18	47	41	23	-4.19	-176	66	44
Consolidated Net Income / (Loss)	2.90	8.97	13	18	47	41	23	-4.19	-176	60	44
Net Income / (Loss) Continuing Operations	2.90	15	18	22	42	41	23	-4.19	-176	66	44
Total Pre-Tax Income	1.89	19	23	33	50	53	34	-19	-188	63	40
Total Operating Income	2.01	20	21	30	34	47	43	-9.89	-179	72	41
Total Gross Profit	104	106	97	108	128	153	165	141	174	284	319
Total Revenue	259	234	233	268	314	367	395	446	541	717	821
Operating Revenue	259	234	233	268	314	367	395	446	541	717	821
Total Cost of Revenue	155	128	136	161	186	214	230	304	367	433	502
Operating Cost of Revenue	155	128	136	161	186	214	230	304	367	433	502
Total Operating Expenses	102	86	76	77	95	106	121	151	352	212	278
Selling, General & Admin Expense	56	50	48	51	60	59	67	96	132	114	159
Research & Development Expense	46	35	28	26	34	46	54	55	64	98	101
Impairment Charge	-	-	-	-	-	-	0.00	0.00	156	-	18
Total Other Income / (Expense), net	-0.12	-1.56	1.79	2.19	17	5.54	-8.95	-9.26	-9.71	-4.37	-1.13
Interest & Investment Income	0.88	1.03	1.62	2.24	4.67	4.83	-0.62	-5.44	-9.37	-	-2.19
Other Income / (Expense), net	-1.00	-2.59	0.17	-0.05	12	0.71	-8.33	-3.82	-0.35	-4.37	1.06
Income Tax Expense	-1.00	2.98	4.76	9.80	4.64	5.85	0.54	-10	-15	1.89	0.88
Other Gains / (Losses), net	-	-0.14	-0.12	-1.28	-3.94	-5.49	-10	4.59	-2.45	-	4.84
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.02	-0.22	-0.02	-0.00	0.01	0.00	0.05	-	0.00
Basic Earnings per Share	$0.13	$0.39	$0.57	$0.76	$2.00	$1.73	$0.97	($0.17)	($7.04)	$2.19	$1.56
Weighted Average Basic Shares Outstanding	22.87M	22.94M	23.06M	23.47M	23.66M	23.81M	24.05M	24.69M	25.04M	27.20M	28.02M
Diluted Earnings per Share	$0.13	$0.39	$0.56	$0.75	$1.97	$1.71	$0.96	($0.17)	($7.04)	$2.18	$1.55
Weighted Average Diluted Shares Outstanding	23.15M	23.15M	23.31M	23.81M	24.07M	24.09M	24.36M	24.69M	25.04M	27.33M	28.17M
Weighted Average Basic & Diluted Shares Outstanding	22.30M	23M	23.10M	23.50M	23.94M	24.78M	-	24.95M	26.21M	28.13M	45.69M

This table shows AeroVironment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/29/2023	10/28/2023	1/27/2024	4/30/2024	7/27/2024	10/26/2024	1/25/2025	4/30/2025	8/2/2025	11/1/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	14	52	21	7.54	-1.75	45	-67	-17	-157
Consolidated Net Income / (Loss)	22	18	14	6.05	21	7.54	-1.75	17	-67	-17	-157
Net Income / (Loss) Continuing Operations	22	18	14	12	21	7.54	-1.75	17	-67	-17	-157
Total Pre-Tax Income	23	20	15	4.41	23	6.33	-2.36	13	-84	-21	-176
Total Operating Income	26	25	14	5.95	23	7.01	-3.09	14	-69	-30	-179
Total Gross Profit	66	75	67	76	81	74	63	100	95	104	99
Total Revenue	152	181	187	197	189	188	168	275	455	473	408
Operating Revenue	152	181	187	197	189	188	168	275	455	473	408
Total Cost of Revenue	87	105	119	121	108	115	104	175	360	368	309
Operating Cost of Revenue	87	105	119	121	108	115	104	175	360	368	309
Total Operating Expenses	39	50	53	70	58	67	66	87	164	134	278
Selling, General & Admin Expense	24	28	28	35	34	38	44	43	131	98	99
Research & Development Expense	15	22	25	35	25	29	22	25	33	36	27
Impairment Charge	-	-	-	-	-	-	0.00	-	-	-	151
Total Other Income / (Expense), net	-3.14	-4.81	0.89	2.68	-0.47	-0.67	0.73	-0.71	-15	9.62	3.30
Interest & Investment Income	-2.01	-1.95	-0.11	-	-0.24	-0.69	-0.25	-1.01	-17	4.67	3.70
Other Income / (Expense), net	-1.13	-2.86	1.00	-1.39	-0.23	0.02	0.98	0.30	2.36	4.95	-0.40
Income Tax Expense	1.31	1.14	1.26	-1.82	1.49	-0.22	-0.61	0.22	-15	-2.31	-19
Other Gains / (Losses), net	-0.02	-1.39	-0.08	-	0.07	0.99	0.00	3.78	1.79	1.20	-0.30
Basic Earnings per Share	$0.84	$0.66	$0.50	$0.19	$0.76	$0.27	($0.06)	$0.59	($1.44)	($0.34)	($3.15)
Weighted Average Basic Shares Outstanding	26.09M	26.87M	27.91M	27.20M	27.96M	28.01M	28.03M	28.02M	46.88M	49.72M	49.74M
Diluted Earnings per Share	$0.84	$0.66	$0.50	$0.18	$0.75	$0.27	($0.06)	$0.59	($1.44)	($0.34)	($3.15)
Weighted Average Diluted Shares Outstanding	26.18M	26.96M	28.04M	27.33M	28.28M	28.15M	28.03M	28.17M	46.88M	49.72M	49.74M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	28.13M	28.21M	28.20M	28.22M	45.69M	49.93M	49.93M	49.93M

This table details how cash moves in and out of AeroVironment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	4/30/2015	4/30/2016	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Net Change in Cash & Equivalents	16	-19	-44	56	29	82	-98	-80	56	-60	-32
Net Cash From Operating Activities	39	6.05	-13	62	30	25	87	-9.62	11	15	-1.32
Net Cash From Continuing Operating Activities	39	6.05	-8.25	70	27	25	87	-9.62	11	62	-1.32
Net Income / (Loss) Continuing Operations	2.90	15	18	22	42	41	23	-4.19	-176	60	44
Consolidated Net Income / (Loss)	2.90	8.97	13	18	47	41	23	-4.19	-176	60	44
Depreciation Expense	8.37	3.86	5.05	5.98	7.67	9.89	19	61	100	36	41
Amortization Expense	4.53	3.88	2.38	1.42	-1.51	-1.42	0.45	1.03	0.97	1.01	1.20
Non-Cash Adjustments To Reconcile Net Income	2.13	5.03	3.96	11	-24	-7.07	32	-14	188	3.32	-39
Changes in Operating Assets and Liabilities, net	21	-22	-37	30	-0.34	-18	12	-53	-101	-37	-48
Net Cash From Investing Activities	-24	-16	-37	-6.40	12	59	-379	-52	-7.00	-52	-28
Net Cash From Continuing Investing Activities	-24	-16	-37	-6.40	12	59	-379	-52	-7.00	-52	-28
Purchase of Property, Plant & Equipment	-5.28	-6.12	-9.02	-9.56	-8.90	-11	-11	-22	-15	-23	-23
Acquisitions	-0.55	-0.30	0.00	-3.27	-7.60	-33	-388	-53	-11	-29	-5.67
Purchase of Investments	-97	-95	-149	-222	-267	-283	-126	-24	-6.43	0.00	0.00
Sale and/or Maturity of Investments	79	85	122	228	263	387	146	36	26	0.00	0.00
Other Investing Activities, net	-	-	-0.43	-	0.00	0.00	0.00	4.57	-0.89	0.00	0.00
Net Cash From Financing Activities	0.85	-3.10	3.47	2.02	-1.18	-1.83	194	-17	51	-23	-2.86
Net Cash From Continuing Financing Activities	0.85	-3.10	3.47	2.02	-1.18	-1.83	194	-17	51	-22	-2.86
Repayment of Debt	-	-0.47	-0.39	-0.29	-0.16	0.00	-3.88	-10	-55	-107	-39
Repurchase of Common Equity	-	-3.76	-	-	-	-	-	-	0.00	0.00	-2.90
Issuance of Debt	-	-	-	-	0.00	0.00	200	-	0.00	0.00	40
Issuance of Common Equity	-	-	-	-	-	-	0.00	0.00	105	88	1.91
Other Financing Activities, net	0.85	1.13	3.86	2.31	-1.02	-1.83	-1.96	-6.28	1.21	-3.73	-2.70
Other Net Changes in Cash	-	-6.12	-3.08	-1.84	-8.12	-	0.00	-1.32	0.40	-0.28	0.23
Cash Interest Paid	-	-	-	-	-	0.00	0.00	5.03	10	6.82	1.76
Cash Income Taxes Paid	0.70	1.58	1.80	1.81	6.78	0.53	2.41	1.88	2.91	20	25

This table details how cash moves in and out of AeroVironment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/29/2023	10/28/2023	1/27/2024	4/30/2024	7/27/2024	10/26/2024	1/25/2025	4/30/2025	8/2/2025	11/1/2025	1/31/2026
Net Change in Cash & Equivalents	-27	-4.96	6.79	-34	7.86	-12	-22	-6.14	645	-326	-70
Net Cash From Operating Activities	-17	-8.53	53	-12	28	-3.64	-26	-0.26	-124	-45	-5.11
Net Cash From Continuing Operating Activities	-17	-8.53	53	36	28	-3.64	-26	-0.26	-124	-45	-5.11
Net Income / (Loss) Continuing Operations	22	18	14	6.05	21	7.54	-1.75	17	-67	-17	-157
Consolidated Net Income / (Loss)	22	18	14	6.05	21	7.54	-1.75	17	-67	-17	-157
Depreciation Expense	6.95	8.44	9.58	11	8.85	9.00	9.29	14	90	58	55
Amortization Expense	0.21	0.21	0.21	0.37	0.27	0.78	0.07	0.07	7.83	1.02	0.76
Non-Cash Adjustments To Reconcile Net Income	8.56	-17	3.10	9.16	-9.59	23	-19	-34	-59	-37	154
Changes in Operating Assets and Liabilities, net	-55	-18	26	9.15	7.65	-44	-15	2.79	-96	-50	-58
Net Cash From Investing Activities	-3.63	-34	-3.80	-10	-6.61	-5.02	-4.97	-12	-877	-281	-67
Net Cash From Continuing Investing Activities	-3.63	-34	-3.80	-10	-6.61	-5.02	-4.97	-12	-877	-281	-67
Purchase of Property, Plant & Equipment	-3.63	-6.47	-3.80	-9.08	-5.43	-5.02	-3.85	-8.52	-23	-11	-13
Acquisitions	0.00	-28	-	-1.20	-1.18	-	-1.13	-3.37	-854	-6.05	-5.14
Purchase of Investments	-	-	-	-	-	-	-	-	-	-	-71
Net Cash From Financing Activities	-6.32	38	-42	-12	-14	-3.52	9.08	5.53	1,645	-0.12	1.89
Net Cash From Continuing Financing Activities	-6.32	38	-42	-12	-14	-3.52	9.08	5.53	1,645	-0.12	1.89
Repayment of Debt	-5.02	-50	-40	-12	-11	-18	-0.16	-10	-967	-0.00	-0.00
Issuance of Common Equity	-	-	-	-	0.00	-	-	1.91	2.47	-	1.89
Other Net Changes in Cash	0.02	-0.29	0.19	-0.21	0.08	-0.03	-0.31	0.48	-	-	0.87
Cash Interest Paid	1.78	3.04	1.03	0.97	0.37	0.41	0.42	0.56	12	0.36	0.32
Cash Income Taxes Paid	0.04	11	4.14	5.24	0.10	14	4.90	5.29	0.22	2.97	1.14

This table presents AeroVironment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	4/30/2015	4/30/2016	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Total Assets	397	411	433	473	509	585	929	914	825	1,016	1,121
Total Current Assets	329	344	354	399	470	504	402	369	477	516	607
Cash & Equivalents	143	124	80	144	173	255	149	77	133	73	41
Short-Term Investments	85	103	120	114	150	48	32	25	-	-	0.00
Accounts Receivable	34	56	83	74	84	149	134	164	193	270	392
Inventories, net	39	37	41	37	54	46	72	91	139	150	144
Prepaid Expenses	4.60	4.15	5.53	5.10	7.42	6.25	15	12	12	22	29
Current Deferred & Refundable Income Taxes	5.27	-	-	0.00	0.82	-	0.00	0.44	-	0.00	0.62
Plant, Property, & Equipment, net	13	17	16	19	17	22	59	62	40	47	51
Total Noncurrent Assets	55	50	62	55	22	59	468	483	308	454	463
Long-Term Investments	47	34	42	41	0.00	15	12	15	24	21	32
Goodwill	-	-	-	-	0.00	6.34	314	334	181	276	257
Intangible Assets	-	-	-	-	0.46	14	106	97	44	72	49
Noncurrent Deferred & Refundable Income Taxes	7.43	15	15	11	6.69	4.93	2.06	7.29	27	41	61
Other Noncurrent Operating Assets	0.74	0.75	5.27	3.00	15	19	33	29	33	44	65
Total Liabilities & Shareholders' Equity	397	411	433	473	509	585	929	914	825	1,016	1,121
Total Liabilities	49	49	50	64	46	75	316	306	274	193	234
Total Current Liabilities	47	46	48	62	45	67	96	101	121	145	172
Accounts Payable	19	18	16	21	16	20	25	19	31	48	72
Current Deferred Revenue	4.24	2.54	2.06	3.56	2.96	7.90	7.18	8.97	17	11	16
Current Deferred & Payable Income Tax Liabilities	0.69	0.94	1.42	4.09	0.00	1.07	0.86	0.76	2.34	4.16	0.36
Current Employee Benefit Liabilities	13	14	11	17	19	24	28	25	36	44	44
Other Current Liabilities	9.17	11	8.44	6.95	7.43	14	25	37	28	27	39
Total Noncurrent Liabilities	1.82	2.79	2.24	2.27	1.40	8.10	220	205	152	48	62
Long-Term Debt	-	-	-	-	-	0.00	188	178	126	17	30
Noncurrent Deferred & Payable Income Tax Liabilities	0.44	0.44	0.18	0.12	0.08	1.02	3.52	4.08	4.43	6.27	6.06
Other Noncurrent Operating Liabilities	-	0.18	0.18	0.62	0.15	7.08	29	23	22	25	26
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	349	362	382	409	463	510	612	608	551	823	887
Total Preferred & Common Equity	349	362	382	409	463	510	612	608	0.00	823	887
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	349	362	382	409	463	510	612	608	551	823	887
Common Stock	148	154	162	170	176	181	260	267	384	598	619
Retained Earnings	202	207	220	239	286	328	351	347	171	231	274
Accumulated Other Comprehensive Income / (Loss)	-1.36	-0.20	-0.13	-0.02	0.00	0.33	0.34	-6.51	-4.45	-5.59	-6.51

This table presents AeroVironment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	10/28/2023	1/28/2023	7/29/2023	10/28/2023	1/27/2024	7/27/2024	10/26/2024	1/25/2025	8/2/2025	11/1/2025	1/31/2026
Total Assets	1,007	921	826	1,007	980	999	1,019	1,048	5,624	5,638	5,454
Total Current Assets	524	391	482	524	501	500	515	544	1,639	1,666	1,704
Cash & Equivalents	101	78	106	101	108	81	69	47	686	359	290
Short-Term Investments	-	0.00	-	-	-	-	-	-	-	229	297
Accounts Receivable	216	162	186	216	202	255	278	311	662	746	730
Inventories, net	182	126	175	182	161	144	140	148	233	259	299
Prepaid Expenses	20	15	14	20	22	20	18	23	38	46	45
Current Deferred & Refundable Income Taxes	5.74	9.18	-	5.74	8.08	0.34	9.63	15	21	26	43
Plant, Property, & Equipment, net	44	45	40	44	45	48	50	50	149	155	159
Total Noncurrent Assets	439	485	305	439	435	451	455	455	3,836	3,817	3,591
Long-Term Investments	21	19	23	21	21	22	23	26	36	81	62
Goodwill	275	337	181	275	275	276	276	275	2,540	2,624	2,462
Intangible Assets	83	83	41	83	78	68	63	58	1,119	972	926
Noncurrent Deferred & Refundable Income Taxes	21	8.54	28	21	21	41	41	41	0.00	0.00	0.00
Other Noncurrent Operating Assets	40	37	33	40	39	44	52	55	141	140	141
Total Liabilities & Shareholders' Equity	1,007	921	826	1,007	980	999	1,019	1,048	5,624	5,638	5,454
Total Liabilities	213	300	252	213	167	154	161	187	1,197	1,220	1,181
Total Current Liabilities	109	116	107	109	108	117	112	129	275	328	309
Accounts Payable	29	26	29	29	27	44	41	49	91	120	110
Current Deferred Revenue	20	23	20	20	18	11	11	12	61	71	68
Current Deferred & Payable Income Tax Liabilities	0.60	0.03	4.06	0.60	0.80	5.60	0.03	0.03	0.00	0.22	0.32
Current Employee Benefit Liabilities	27	27	17	27	28	20	32	37	74	79	76
Other Current Liabilities	28	30	27	28	26	27	29	32	49	58	56
Total Noncurrent Liabilities	104	183	144	104	60	36	49	58	922	892	872
Long-Term Debt	74	156	119	74	31	6.79	15	25	726	727	728
Noncurrent Deferred & Payable Income Tax Liabilities	4.36	4.16	4.43	4.36	4.41	6.28	6.27	6.25	107	79	60
Other Noncurrent Operating Liabilities	26	23	21	26	24	23	28	27	89	86	85
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	794	622	575	794	813	846	858	861	4,427	4,418	4,272
Total Preferred & Common Equity	0.00	622	575	0.00	0.00	0.00	0.00	861	4,427	4,418	4,272
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	794	622	575	794	813	846	858	861	4,427	4,418	4,272
Common Stock	589	295	386	589	593	599	604	610	4,226	4,234	4,244
Retained Earnings	211	331	193	211	225	252	259	258	207	190	33
Accumulated Other Comprehensive Income / (Loss)	-6.08	-5.06	-4.52	-6.08	-4.89	-5.05	-5.23	-6.20	-5.88	-6.22	-5.51

This table displays calculated financial ratios and metrics derived from AeroVironment's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	4/30/2015	4/30/2016	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.06%	-9.89%	-0.27%	15.15%	17.08%	16.87%	7.52%	12.87%	21.27%	32.59%	14.50%
EBITDA Growth	-50.74%	81.26%	12.54%	33.16%	37.55%	8.35%	-2.86%	-11.97%	-262.07%	233.53%	-19.35%
EBIT Growth	-92.80%	1,629.18%	19.77%	45.08%	50.79%	4.44%	-26.88%	-139.17%	-1,206.35%	137.68%	-37.95%
NOPAT Growth	-73.07%	446.65%	-2.68%	29.90%	44.31%	36.42%	1.75%	-116.23%	-1,707.05%	155.71%	-42.75%
Net Income Growth	-78.90%	209.71%	45.86%	34.94%	168.71%	-13.39%	-43.16%	-117.93%	-4,109.49%	133.87%	-26.89%
EPS Growth	-78.33%	200.00%	43.59%	33.93%	162.67%	-13.20%	-43.86%	-117.71%	-4,041.18%	130.97%	-28.90%
Operating Cash Flow Growth	15.90%	-84.66%	-312.57%	582.79%	-47.67%	-22.71%	244.79%	-111.12%	218.53%	34.14%	-108.62%
Free Cash Flow Firm Growth	62.94%	-142.50%	22.38%	744.20%	-126.97%	-3,054.66%	109.79%	-261.47%	137.34%	-714.68%	69.27%
Invested Capital Growth	-22.26%	36.91%	24.23%	-23.96%	46.93%	342.50%	0.00%	10.04%	-22.22%	43.13%	11.71%
Revenue Q/Q Growth	5.26%	-12.07%	20.22%	8.06%	-7.56%	-9.74%	28.55%	-0.76%	-17.14%	0.00%	10.51%
EBITDA Q/Q Growth	10.49%	43.05%	1,023.28%	-26.27%	-29.55%	39.57%	-6.90%	39.00%	-153.73%	0.00%	17.21%
EBIT Q/Q Growth	-73.84%	155.21%	556.56%	-32.94%	-31.94%	45.18%	-26.06%	43.43%	-317.10%	0.00%	29.61%
NOPAT Q/Q Growth	153.30%	18.16%	641.23%	-42.03%	-32.94%	47.30%	2.45%	-92.35%	-311.11%	0.00%	16.78%
Net Income Q/Q Growth	-25.23%	-16.06%	203.52%	-44.72%	-18.96%	40.27%	-21.84%	-884.71%	-389.60%	0.00%	32.17%
EPS Q/Q Growth	-23.53%	-18.75%	201.82%	-45.65%	-19.59%	41.32%	-23.20%	-466.67%	-406.09%	0.00%	35.96%
Operating Cash Flow Q/Q Growth	-17.46%	-63.35%	-379.99%	85.79%	-19.93%	-32.55%	-2.77%	38.37%	-49.01%	0.00%	89.64%
Free Cash Flow Firm Q/Q Growth	-18.97%	-1,925.91%	50.30%	213.35%	-132.78%	-1,839.35%	-49.85%	87.64%	-16.19%	0.00%	14.18%
Invested Capital Q/Q Growth	-11.30%	4.19%	14.10%	-26.88%	4.47%	234.63%	337.68%	-2.24%	-26.96%	0.00%	3.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.20%	45.17%	41.56%	40.12%	40.86%	41.68%	41.67%	31.69%	32.10%	39.62%	38.83%
EBITDA Margin	5.36%	10.79%	12.17%	14.08%	16.54%	15.33%	13.85%	10.80%	-14.44%	14.54%	10.24%
Operating Margin	0.78%	8.59%	8.91%	11.34%	10.76%	12.83%	10.97%	-2.22%	-33.05%	10.02%	4.97%
EBIT Margin	0.39%	7.48%	8.98%	11.32%	14.58%	13.03%	8.86%	-3.07%	-33.12%	9.41%	5.10%
Profit (Net Income) Margin	1.12%	3.84%	5.61%	6.57%	15.09%	11.18%	5.91%	-0.94%	-32.59%	8.32%	5.32%
Tax Burden Percent	152.93%	48.43%	57.98%	54.10%	93.94%	77.98%	67.93%	21.86%	93.52%	94.36%	109.97%
Interest Burden Percent	187.24%	105.90%	107.73%	107.37%	110.20%	110.09%	98.23%	139.70%	105.23%	93.74%	94.77%
Effective Tax Rate	-52.93%	16.11%	21.09%	30.05%	9.19%	11.10%	1.57%	0.00%	0.00%	2.99%	2.22%
Return on Invested Capital (ROIC)	3.67%	19.38%	14.55%	19.38%	26.23%	11.08%	6.91%	-1.07%	-20.73%	10.86%	4.99%
ROIC Less NNEP Spread (ROIC-NNEP)	3.74%	22.31%	15.83%	20.66%	20.99%	11.61%	-408.43%	6.22%	-236.39%	33.04%	-1.82%
Return on Net Nonoperating Assets (RNNOA)	-2.84%	-16.85%	-11.04%	-14.92%	-15.35%	-3.44%	-3.10%	0.38%	-9.66%	-2.17%	0.12%
Return on Equity (ROE)	0.84%	2.52%	3.52%	4.46%	10.88%	7.64%	3.81%	-0.69%	-30.40%	8.69%	5.10%
Cash Return on Invested Capital (CROIC)	28.72%	-11.78%	-7.06%	46.61%	-11.79%	-115.18%	6.91%	-10.63%	4.26%	-24.62%	-6.07%
Operating Return on Assets (OROA)	0.26%	4.33%	4.97%	6.71%	9.33%	6.66%	3.77%	-1.49%	-20.59%	7.33%	3.92%
Return on Assets (ROA)	0.74%	2.22%	3.10%	3.90%	9.66%	5.71%	2.51%	-0.45%	-20.26%	6.48%	4.08%
Return on Common Equity (ROCE)	0.84%	2.52%	3.52%	4.46%	10.88%	7.64%	3.81%	-0.69%	-30.39%	8.69%	5.10%
Return on Equity Simple (ROE_SIMPLE)	0.83%	2.48%	3.42%	4.31%	10.25%	6.71%	3.81%	-0.69%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	3.08	17	16	21	31	42	43	-6.92	-125	70	40
NOPAT Margin	1.19%	7.20%	7.03%	7.93%	9.77%	11.41%	10.80%	-1.55%	-23.14%	9.72%	4.86%
Net Nonoperating Expense Percent (NNEP)	-0.07%	-2.93%	-1.28%	-1.27%	5.24%	-0.52%	415.35%	-7.29%	215.66%	-22.19%	6.81%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	4.35%
Cost of Revenue to Revenue	59.80%	54.83%	58.44%	59.88%	59.14%	58.32%	58.33%	68.31%	67.90%	60.38%	61.17%
SG&A Expenses to Revenue	21.50%	21.59%	20.44%	18.94%	19.20%	16.20%	17.09%	21.64%	24.40%	15.96%	19.35%
R&D to Revenue	17.92%	14.99%	12.21%	9.85%	10.89%	12.65%	13.61%	12.27%	11.89%	13.63%	12.27%
Operating Expenses to Revenue	39.42%	36.58%	32.65%	28.78%	30.09%	28.85%	30.70%	33.90%	65.15%	29.59%	33.86%
Earnings before Interest and Taxes (EBIT)	1.01	17	21	30	46	48	35	-14	-179	67	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	14	25	28	38	52	56	55	48	-78	104	84
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.71	1.87	1.75	3.19	3.55	2.36	4.45	3.29	4.62	5.46	4.82
Price to Tangible Book Value (P/TBV)	1.71	1.87	1.75	3.19	3.55	7.55	14.21	11.34	7.79	9.47	7.36
Price to Revenue (P/Rev)	2.30	2.89	2.87	4.85	5.22	3.94	6.90	4.49	4.71	6.27	5.21
Price to Earnings (P/E)	206.31	75.23	51.15	72.94	34.59	35.20	116.74	0.00	0.00	75.35	98.02
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.48%	1.33%	1.95%	1.37%	2.89%	2.84%	0.86%	0.00%	0.00%	1.33%	1.02%
Enterprise Value to Invested Capital (EV/IC)	4.39	4.12	3.44	10.60	9.45	2.35	4.42	3.05	4.78	5.86	5.02
Enterprise Value to Revenue (EV/Rev)	1.24	1.77	1.84	3.74	4.19	3.95	6.91	4.65	4.66	6.18	5.16
Enterprise Value to EBITDA (EV/EBITDA)	23.13	16.40	15.10	26.60	25.35	25.76	49.88	43.03	0.00	42.50	50.37
Enterprise Value to EBIT (EV/EBIT)	318.21	23.65	20.47	33.09	28.77	30.32	77.99	0.00	0.00	65.66	101.15
Enterprise Value to NOPAT (EV/NOPAT)	104.45	24.56	26.15	47.22	42.90	34.62	63.99	0.00	0.00	63.56	106.13
Enterprise Value to Operating Cash Flow (EV/OCF)	8.16	68.37	0.00	16.20	40.58	57.80	31.53	0.00	221.12	289.61	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	13.36	0.00	0.00	19.64	0.00	0.00	63.99	0.00	98.07	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.32	0.32	0.31	0.24	0.03	0.03
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.31	0.31	0.29	0.23	0.02	0.03
Financial Leverage	-0.76	-0.76	-0.70	-0.72	-0.73	-0.30	0.01	0.06	0.04	-0.07	-0.06
Leverage Ratio	1.13	1.14	1.13	1.14	1.13	1.34	1.52	1.51	1.50	1.34	1.25
Compound Leverage Factor	2.12	1.20	1.22	1.23	1.24	1.47	1.49	2.11	1.58	1.26	1.18
Debt to Total Capital	0.00%	0.12%	0.04%	0.00%	0.00%	24.40%	24.40%	23.60%	19.49%	3.19%	3.27%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	1.24%	1.24%	1.26%	1.10%	1.18%	0.00%
Long-Term Debt to Total Capital	0.00%	0.12%	0.04%	0.00%	0.00%	23.16%	23.16%	22.34%	18.40%	2.01%	3.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.06%	0.01%	0.00%	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	99.88%	99.90%	99.99%	100.00%	75.60%	75.60%	76.37%	80.51%	96.81%	96.73%
Debt to EBITDA	0.00	0.02	0.01	0.00	0.00	3.51	3.61	3.90	-1.71	0.26	0.36
Net Debt to EBITDA	0.00	-10.36	-8.52	0.00	0.00	0.08	0.08	1.46	0.30	-0.64	-0.51
Long-Term Debt to EBITDA	0.00	0.02	0.01	0.00	0.00	3.33	3.43	3.69	-1.61	0.16	0.36
Debt to NOPAT	0.00	0.03	0.01	0.00	0.00	4.71	4.63	-27.14	-1.07	0.39	0.75
Net Debt to NOPAT	0.00	-15.51	-14.76	0.00	0.00	0.11	0.11	-10.18	0.18	-0.96	-1.07
Long-Term Debt to NOPAT	0.00	0.03	0.01	0.00	0.00	4.48	4.40	-25.70	-1.01	0.25	0.75
Altman Z-Score	9.61	10.52	10.25	14.49	23.98	4.23	6.64	5.24	6.33	15.65	12.62
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.03%	0.03%	0.00%	0.00%	0.00%	0.02%	0.02%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.04	7.43	7.37	6.43	10.47	4.18	4.18	3.64	3.93	3.56	3.52
Quick Ratio	5.61	6.12	5.88	5.33	9.08	3.27	3.27	2.63	2.69	2.37	2.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	24	-10	-7.94	51	-14	-435	43	-69	26	-158	-49
Operating Cash Flow to CapEx	746.60%	98.79%	-142.55%	648.94%	365.02%	225.31%	768.29%	-43.15%	76.67%	66.54%	-5.78%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.58	0.55	0.59	0.64	0.51	0.43	0.48	0.62	0.78	0.77
Accounts Receivable Turnover	7.94	5.21	3.36	3.43	3.98	3.36	2.94	2.99	3.02	3.10	2.48
Inventory Turnover	3.44	3.33	3.48	4.10	4.06	3.41	3.22	3.75	3.20	3.00	3.41
Fixed Asset Turnover	15.49	15.45	14.25	15.26	17.40	9.69	6.71	7.36	10.59	16.59	16.87
Accounts Payable Turnover	9.36	6.94	8.11	8.63	9.96	10.50	9.27	13.81	14.51	10.87	8.31
Days Sales Outstanding (DSO)	45.97	70.00	108.73	106.42	91.63	108.51	124.11	122.28	120.75	117.91	147.17
Days Inventory Outstanding (DIO)	106.01	109.50	105.02	88.94	89.82	107.10	113.52	97.26	114.09	121.86	106.98
Days Payable Outstanding (DPO)	39.00	52.62	45.02	42.28	36.64	34.77	39.36	26.42	25.16	33.59	43.90
Cash Conversion Cycle (CCC)	112.99	126.88	168.73	153.08	144.81	180.83	198.27	193.11	209.68	206.18	210.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	73	100	125	95	139	617	617	679	528	756	844
Invested Capital Turnover	3.09	2.69	2.07	2.44	2.68	0.97	0.64	0.69	0.90	1.12	1.03
Increase / (Decrease) in Invested Capital	-21	27	24	-30	45	477	0.00	62	-151	228	88
Enterprise Value (EV)	322	413	429	1,005	1,318	1,451	2,728	2,072	2,521	4,429	4,233
Market Capitalization	597	675	670	1,303	1,641	1,446	2,724	2,001	2,544	4,496	4,276
Book Value per Share	$14.95	$15.48	$16.28	$17.11	$19.33	$25.51	$24.80	$24.40	$21.81	$29.24	$31.42
Tangible Book Value per Share	$14.95	$15.48	$16.28	$17.11	$19.31	$7.99	$7.77	$7.08	$12.93	$16.88	$20.59
Total Capital	349	362	382	409	463	810	810	796	684	850	917
Total Debt	0.00	0.45	0.16	0.00	0.00	198	198	188	133	27	30
Total Long-Term Debt	0.00	0.45	0.16	0.00	0.00	188	188	178	126	17	30
Net Debt	-276	-261	-242	-298	-323	4.64	4.64	70	-23	-67	-42
Capital Expenditures (CapEx)	5.28	6.12	9.02	9.56	8.90	11	11	22	15	23	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	54	70	106	80	102	135	135	176	230	307	393
Debt-free Net Working Capital (DFNWC)	282	298	306	337	425	315	315	278	363	381	434
Net Working Capital (NWC)	282	298	306	337	425	305	305	268	356	371	434
Net Nonoperating Expense (NNE)	0.19	7.87	3.31	3.64	-17	0.83	19	-2.74	51	10	-3.73
Net Nonoperating Obligations (NNO)	-276	-261	-257	-314	-323	4.64	4.64	70	-23	-67	-42
Total Depreciation and Amortization (D&A)	13	7.73	7.44	7.41	6.16	8.47	20	62	101	37	42
Debt-free, Cash-free Net Working Capital to Revenue	20.63%	30.05%	45.54%	29.73%	32.31%	36.68%	34.12%	39.39%	42.61%	42.89%	47.95%
Debt-free Net Working Capital to Revenue	108.83%	127.46%	131.28%	125.53%	135.14%	85.89%	79.88%	62.26%	67.19%	53.12%	52.93%
Net Working Capital to Revenue	108.83%	127.46%	131.28%	125.53%	135.14%	83.16%	77.35%	60.02%	65.80%	51.72%	52.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.13	$0.39	$0.54	$0.86	$2.00	$0.00	$0.00	($0.17)	($7.04)	$2.19	$1.56
Adjusted Weighted Average Basic Shares Outstanding	22.87M	22.94M	23.06M	23.47M	23.66M	0.00	0.00	24.69M	25.04M	27.20M	28.02M
Adjusted Diluted Earnings per Share	$0.13	$0.39	$0.54	$0.84	$1.97	$0.00	$0.00	($0.17)	($7.04)	$2.18	$1.55
Adjusted Weighted Average Diluted Shares Outstanding	23.15M	23.15M	23.31M	23.81M	24.07M	0.00	0.00	24.69M	25.04M	27.33M	28.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.35M	23.36M	23.73M	23.91M	23.94M	0.00	0.00	24.95M	26.21M	28.13M	45.69M
Normalized Net Operating Profit after Tax (NOPAT)	1.41	17	16	21	31	42	43	-6.92	-16	70	58
Normalized NOPAT Margin	0.54%	7.20%	7.03%	7.93%	9.77%	11.41%	10.80%	-1.55%	-2.93%	9.72%	7.05%
Pre Tax Income Margin	0.73%	7.92%	9.68%	12.15%	16.06%	14.34%	8.70%	-4.29%	-34.85%	8.82%	4.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	41.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.64%

This table displays calculated financial ratios and metrics derived from AeroVironment's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/29/2023	10/28/2023	1/27/2024	4/30/2024	7/27/2024	10/26/2024	1/25/2025	4/30/2025	8/2/2025	11/1/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,925,878.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,925,878.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-3.14
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	25	24	13	8.40	22	7.25	-2.16	14	-48	-21	-125
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	0.99%	-	-	-0.24%	1.48%	-0.94%	-0.41%	-2.51%
Earnings before Interest and Taxes (EBIT)	25	22	15	4.56	23	7.02	-2.11	14	-67	-25	-179
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	31	25	16	32	17	7.25	28	31	34	-124
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	600	775	736	-219	-738	-774	-816	-75	-3,720	-3,715	-3,663
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	756	759	781	814	844	4,431	4,475	4,351
Increase / (Decrease) in Invested Capital	-575	-751	-723	228	759	781	814	88	3,671	3,694	3,538
Book Value per Share	$0.00	$0.00	$0.00	$29.24	$30.05	$30.43	$30.53	$31.42	$96.89	$88.48	$85.57
Tangible Book Value per Share	$0.00	$0.00	$0.00	$16.88	$17.85	$18.43	$18.72	$20.59	$16.82	$16.47	$17.72
Total Capital	0.00	0.00	0.00	850	862	873	886	917	5,153	5,145	5,000
Total Debt	0.00	0.00	0.00	27	17	15	25	30	726	727	728
Total Long-Term Debt	0.00	0.00	0.00	17	6.79	15	25	30	726	727	728
Net Debt	0.00	0.00	0.00	-67	-86	-77	-48	-42	3.63	57	79
Capital Expenditures (CapEx)	3.63	6.47	3.80	9.08	5.43	5.02	3.85	8.52	23	11	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	307	312	334	368	393	679	750	808
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	381	393	403	415	434	1,364	1,338	1,395
Net Working Capital (NWC)	0.00	0.00	0.00	371	383	403	415	434	1,364	1,338	1,395
Net Nonoperating Expense (NNE)	2.98	5.93	-0.74	2.35	0.38	-0.29	-0.41	-3.08	19	-4.05	31
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	-67	-86	-77	-48	-42	3.63	57	79
Total Depreciation and Amortization (D&A)	7.17	8.65	9.80	11	9.12	9.78	9.36	14	98	59	55
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.19	$0.76	$0.27	($0.06)	$0.59	($1.44)	($0.34)	($3.15)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	27.20M	27.96M	28.01M	28.03M	28.02M	46.88M	49.72M	49.74M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.18	$0.75	$0.27	($0.06)	$0.59	($1.44)	($0.34)	($3.15)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	27.33M	28.28M	28.15M	28.03M	28.17M	46.88M	49.72M	49.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	28.13M	28.21M	28.20M	28.22M	45.69M	49.93M	49.93M	49.93M
Normalized Net Operating Profit after Tax (NOPAT)	25	24	13	4.16	22	4.90	-2.16	14	-48	-21	-19
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

AeroVironment Inc. (AVAV) has shown a clear long‑term top‑line uptrend over the last four years, with meaningful financing activity and a solid balance sheet position. Here are the most important takeaways from the quarterly cash flow, income statement, and balance sheet data across the period.

Revenue growth: Total revenue rose from the late‑2024 period (~$275 million) to around $472 million by mid‑2026, reflecting stronger demand and program ramp.
Strong liquidity: In Q2‑2026, current assets were about $1.67 billion vs. current liabilities around $328 million, yielding a current ratio well over 5x and a durable liquidity buffer.
Aggressive financing activity supports growth: Q1‑2026 included a large debt issuance (~$1.65 billion), with net cash from continuing financing activities in Q2‑2026 around +$1.645 billion, indicating reliance on external funding to finance expansion.
Robust equity base: Total equity near $4.42 billion in Q2‑2026, providing a solid capital cushion to support growth initiatives and acquisitions.
Positive earnings per share in select quarters: Earnings per share have been positive in several periods (for example, Q4‑2024 and Q4‑2025 each reported roughly $0.59 basic EPS), signaling that profitability can align with revenue strength at times.
High level of goodwill and intangible assets: Goodwill (~$2.62–2.75 billion) and intangible assets (~$971–1,000 million) appear on the latest balance sheets, reflecting prior acquisitions and IP investments that could pose impairment risk if growth moderates.
Acquisition-driven asset base: The sizable Goodwill and Intangible asset balances suggest ongoing or completed acquisitions contributing to the asset base, which may not translate to immediate cash flow benefits.
Net income volatility and frequent losses: Net income has been negative in several quarters (e.g., Q1‑2026 about −$67 million; Q2‑2026 about −$17 million), pointing to ongoing profitability challenges amid growth investments.
Operating cash flow has been negative in multiple periods: Net cash from continuing operating activities was notably negative in early 2026 (e.g., Q1‑2026 around −$123.7 million; Q2‑2026 around −$45.1 million), indicating cash burn at the operating level despite revenue gains.
Significant investing cash outflows: Net cash from investing activities has been heavily negative in several quarters (e.g., Q1‑2026 around −$876.6 million; Q2‑2026 around −$281.1 million), driven by acquisitions, capex, and related spending rather than cash generation from operations.

05/06/26 08:41 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About AeroVironment's Financials

When does AeroVironment's fiscal year end?

According to the most recent income statement we have on file, AeroVironment's financial year ends in April. Their financial year 2025 ended on April 30, 2025.

How has AeroVironment's net income changed over the last 10 years?

AeroVironment's net income appears to be on a downward trend, with a most recent value of $43.62 million in 2025, rising from $2.90 million in 2015. The previous period was $59.67 million in 2024. View AeroVironment's forecast to see where analysts expect AeroVironment to go next.

What is AeroVironment's operating income?

AeroVironment's total operating income in 2025 was $40.80 million, based on the following breakdown:

Total Gross Profit: $318.64 million
Total Operating Expenses: $277.84 million

How has AeroVironment's revenue changed over the last 10 years?

Over the last 10 years, AeroVironment's total revenue changed from $259.40 million in 2015 to $820.63 million in 2025, a change of 216.4%.

How much debt does AeroVironment have?

AeroVironment's total liabilities were at $234.06 million at the end of 2025, a 21.2% increase from 2024, and a 382.1% increase since 2015.

How much cash does AeroVironment have?

In the past 10 years, AeroVironment's cash and equivalents has ranged from $40.86 million in 2025 to $255.14 million in 2020, and is currently $40.86 million as of their latest financial filing in 2025.

How has AeroVironment's book value per share changed over the last 10 years?

Over the last 10 years, AeroVironment's book value per share changed from 14.95 in 2015 to 31.42 in 2025, a change of 110.1%.

Related Companies

Financial statements for NASDAQ:AVAV last updated on 3/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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AeroVironment (AVAV) Financials

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AeroVironment (AVAV) Financials

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