AeroVironment Inc
Business
AeroVironment Inc is a defense technology provider that develops autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities. Primary products include uncrewed aircraft systems, loitering munitions, counter-drone systems, and laser weapon systems. The company operates two reportable segments: Autonomous Systems and Space, Cyber and Directed Energy. Customers are predominantly the U.S. Department of Defense, intelligence agencies, and allied governments.
Summary from 10-K filed 2026-06-29
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-04-30 | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|---|
| Revenue | 1,977 | 821 | 717 | — | — | |
| Cost of sales | 1,476 | 502 | 433 | 367 | 304 | |
| Total gross margin | 501 | 319 | 284 | 174 | 141 | |
| Selling, general and administrative | 443 | 159 | 114 | 132 | 96 | |
| Research and development | 128 | 101 | 98 | 64 | 55 | |
| Impairment of goodwill | 241 | 18 | 156 | 156 | — | |
| (Loss) income from operations | −311 | 41 | 72 | −179 | −10 | |
| Interest expense, net | −6 | −2 | −4 | −9 | −5 | |
| Other income (expense), net | 11 | 1 | −4 | −346,000 | −10 | |
| (Loss) income before income taxes | −306 | 40 | 63 | −188 | −19 | |
| (Benefit from) provision for income taxes | −23 | 882,000 | 2 | −15 | −10 | |
| Equity method investment income (loss), net of tax | 17 | 5 | −2 | −2 | 5 | |
| Net (loss) income | −265 | 44 | 60 | −176 | −4 | |
| Basic (in dollars per share) | −5.4 | 1.56 | 2.19 | −7.04 | −0.17 | |
| Diluted (in dollars per share) | −5.4 | 1.55 | 2.18 | −7.04 | −0.17 | |
| Basic (in shares) | 49 | 28 | 27 | 25 | 25 | |
| Diluted (in shares) | 49 | 28 | 27 | 25 | 25 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-04-30 | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 377 | 41 | 73 | 133 | 77 | |
| Short-term Investments | 255 | — | — | — | 25 | |
| Accounts receivable, net of allowance for credit losses of $1,961 at April 30, 2026 and $203 at April 30, 2025 | 316 | 102 | 70 | 88 | 60 | |
| Unbilled receivables and retentions | 570 | 290 | 199 | 106 | 104 | |
| Inventories, net | 313 | 144 | 150 | 139 | 91 | |
| Income taxes receivable | 6 | 622,000 | — | — | 442,000 | |
| Prepaid expenses and other current assets | 52 | 29 | 22 | 12 | 12 | |
| Total current assets | 1,890 | 607 | 516 | 477 | 369 | |
| Long-term Investments | 81 | 32 | 21 | 24 | 15 | |
| Property and equipment, net | 167 | 51 | 47 | 40 | 62 | |
| Operating lease right-of-use assets | 100 | 32 | 30 | 27 | 27 | |
| Deferred income taxes | — | 61 | 41 | 27 | 7 | |
| Intangibles, net | 930 | 49 | 72 | 44 | 97 | |
| Goodwill | 2,494 | 257 | 276 | 181 | 334 | |
| Other assets | 55 | 33 | 14 | 5 | 2 | |
| Total assets | 5,717 | 1,121 | 1,016 | 825 | 914 | |
| Accounts payable | 161 | 72 | 48 | 31 | 19 | |
| Wages and related accruals | 98 | 44 | 44 | 36 | 25 | |
| Customer advances | 80 | 16 | 11 | 17 | 9 | |
| Current operating lease liabilities | 18 | 10 | 10 | 8 | 7 | |
| Income taxes payable | 524,000 | 356,000 | 4 | 2 | 759,000 | |
| Other current liabilities | 83 | 29 | 17 | 20 | 30 | |
| Total current liabilities | 439 | 172 | 145 | 121 | 101 | |
| Long-term debt | 729 | 30 | 17 | 126 | 178 | |
| Non-current operating lease liabilities | 88 | 24 | 23 | 21 | 22 | |
| Other non-current liabilities | 2 | 2 | 2 | 746,000 | 768,000 | |
| Liability for uncertain tax positions | 7 | 6 | 6 | 3 | 1 | |
| Deferred income taxes | 50 | — | 664,000 | 2 | 3 | |
| Commitments and contingencies | — | — | — | — | — | |
| Authorized shares-10,000,000; none issued or outstanding at April 30, 2026 and April 30,2025 | — | — | — | — | — | |
| Issued and outstanding shares-50,610,514 shares at April 30, 2026 and 28,267,517 shares at April 30, 2025 | 6,000 | 4,000 | 4,000 | 4,000 | 2,000 | |
| Additional paid-in capital | 4,397 | 619 | 598 | 384 | 267 | |
| Accumulated other comprehensive loss | −6 | −7 | −6 | −4 | −7 | |
| Retained earnings | 9 | 274 | 231 | 171 | 347 | |
| Total stockholders' equity | 4,400 | 887 | 823 | 551 | 608 | |
| Total liabilities and stockholders' equity | 5,717 | 1,121 | 1,016 | 825 | 914 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-04-30 | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 265 | 41 | 36 | 100 | 61 | |
| (Gain)/Loss from equity method investments | −17 | −5 | 2 | 2 | −6 | |
| Amortization of debt issuance costs | 11 | 1 | 1 | 845,000 | 789,000 | |
| Provision for credit losses | 2 | 43,000 | 4,000 | 99,000 | −6,000 | |
| Reserve for inventory excess and obsolescence | 8 | 3 | 14 | 8 | 2 | |
| Other non-cash expense, net | 5 | 3 | 1 | 2 | 649,000 | |
| Non-cash lease expense | 25 | 10 | 10 | 8 | 7 | |
| Loss on foreign currency transactions | 18,000 | 491,000 | 22,000 | 119,000 | 233,000 | |
| (Gain) loss on sale of equity securities, net | −12 | −177,000 | 4 | 132,000 | — | |
| Deferred income taxes | −27 | −20 | −23 | −19 | −7 | |
| Stock-based compensation | 38 | 21 | 17 | 11 | 5 | |
| Loss on disposal of property and equipment | 2 | 311,000 | 621,000 | 1 | 8 | |
| Amortization of debt securities | −879,000 | — | — | 125,000 | 242,000 | |
| Accounts receivable | −129 | −32 | 19 | −27 | 3 | |
| Unbilled receivables and retentions | −159 | −91 | −93 | −1 | −32 | |
| Inventories | −112 | 3 | −23 | −62 | −29 | |
| Income taxes receivable | −1 | −590,000 | — | 442,000 | −442,000 | |
| Prepaid expenses and other assets | −20 | −21 | −20 | −4 | −5 | |
| Accounts payable | 28 | 22 | 13 | 13 | −7 | |
| Other liabilities | 38 | 303,000 | −3 | −3 | −7 | |
| Net cash (used in) provided by operating activities | −78 | −1 | 15 | 11 | −10 | |
| Acquisition of property and equipment | −63 | −20 | −23 | −15 | −22 | |
| Acquisition of capitalized software to be sold | −24 | −3 | — | — | — | |
| Contributions in equity method investments | −5 | −6 | −3 | −6 | −7 | |
| Purchase of available-for-sale investments | −370 | — | — | −1 | −24 | |
| Redemption of available-for-sale investments | 95 | — | — | 26 | 36 | |
| Purchase of equity and debt investments | −8 | — | — | — | — | |
| Proceeds from sale of equity securities | 19 | — | — | — | — | |
| Exercise of warrants | −6 | — | — | — | — | |
| Acquisition of intangibles | — | — | −2 | — | — | |
| Business acquisitions, net of cash acquired | −872 | — | −24 | −5 | −46 | |
| Net cash used in investing activities | −1,233 | −28 | −52 | −7 | −52 | |
| Proceeds from revolving credit facility | 234 | 40 | — | — | — | |
| Principal payments of term loan | −700 | −28 | −107 | −55 | — | |
| Principal payments of revolver | −265 | −10 | — | — | — | |
| Proceeds from long-term debt | 693 | — | — | — | — | |
| Proceeds from shares issued, net of underwriter costs | 969 | — | 88 | — | — | |
| Payment of contingent consideration | — | — | −2 | — | — | |
| Proceeds from convertible debt, net of underwriter costs | 727 | — | — | — | — | |
| Payment of debt issuance costs | −2 | −1 | −37,000 | — | −293,000 | |
| Payment of equity issuance costs | −1 | −3 | — | — | — | |
| Holdback and retention payments for business acquisition | — | −390,000 | −500,000 | — | −8 | |
| Tax withholding payment related to net settlement of equity awards | −11 | −4 | −2 | −1 | −1 | |
| Employee stock purchase plan contributions | 4 | 2 | — | — | — | |
| Exercise of stock options | — | 2 | 0 | 2 | 3 | |
| Other | −16,000 | −23,000 | −24,000 | −28,000 | −31,000 | |
| Net cash provided by (used in) financing activities | 1,647 | −3 | −23 | 51 | −17 | |
| Effects of currency translation on cash and cash equivalents | 360,000 | 225,000 | −284,000 | 397,000 | −1 | |
| Net increase (decrease) in cash and cash equivalents | 336 | −32 | −60 | 56 | −80 | |
| Income taxes | 4 | 25 | 20 | 3 | 2 | |
| Interest | 13 | 2 | 7 | 10 | 5 | |
| Issuance of common stock for business acquisition | 2,783 | — | 110 | — | — | |
| Unrealized loss on available-for-sale investments | −215,000 | — | — | — | — | |
| Change in foreign currency translation adjustments | 1 | −922,000 | −1 | 2 | 7 | |
| Acquisitions of property and equipment included in accounts payable | 4 | 2 | 986,000 | 721,000 | 1 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AeroVironment Inc's CIK number?
AeroVironment Inc's SEC CIK number is 0001368622 (1368622). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AeroVironment Inc's SEC filings?
All of AeroVironment Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AeroVironment Inc last report earnings?
AeroVironment Inc (AVAV) most recently filed an earnings 8-K with the SEC on Jun 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-078824). This is AeroVironment Inc's most recent earnings filing of record — not a forecast of its next earnings date.
What is AeroVironment Inc's most recent earnings 8-K?
AeroVironment Inc's latest earnings 8-K (Item 2.02) was filed Jun 29, 2026 under accession 0001104659-26-078824. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AeroVironment Inc's latest earnings 8-K →
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