AeroVironment (AVAV)

Nasdaq Industrials Aerospace & Defense S&P MidCap 400

$112.76

+10.68 (+10.46%)

Close of Nov 06, 2026 · end-of-day data

Source: AeroVironment's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$228.94M	$271.05M	$314.27M	$367.30M	$394.91M	$445.73M	$540.54M	$716.72M	$820.63M	$1.98B
Cost of revenue	$133.75M	$162.16M	$185.87M	$214.19M	$230.35M	$304.50M	$367.02M	$432.79M	$501.99M	$1.48B
Gross profit	$96.87M	$107.69M	$128.40M	$153.10M	$164.56M	$141.24M	$173.51M	$283.93M	$318.64M	$500.64M
Research & development	$28.46M	$26.43M	$34.23M	$46.48M	$53.76M	$54.69M	$64.25M	$97.69M	$100.73M	$127.68M
Selling, general & admin	$47.64M	$50.83M	$60.34M	$59.49M	$67.48M	$96.43M	$131.91M	$114.42M	$158.75M	$443.25M
Operating income	$20.77M	$30.43M	$33.83M	$47.13M	$43.31M	-$9.89M	-$178.66M	$71.82M	$40.80M	-$311.00M
Interest expense	—	—	—	—	—	—	—	—	—	$24.20M
Pre-tax income	$22.44M	$31.33M	$46.53M	$47.18M	$23.88M	-$13.25M	-$190.83M	$61.56M	$44.50M	-$288.18M
Income tax	$4.76M	$9.80M	$4.64M	$5.85M	$539.00K	-$10.37M	-$14.66M	$1.89M	$882.00K	-$23.06M
Net income	$13.10M	$17.86M	$47.44M	$41.07M	$23.33M	-$4.19M	-$176.21M	$59.67M	$43.62M	-$265.12M
EBITDA	$25.82M	$36.41M	$41.49M	$57.02M	$62.58M	$50.94M	-$78.66M	$107.57M	$81.79M	-$45.96M
EPS (basic)	$0.57	$0.76	$2.00	$1.73	$0.97	$-0.17	$-7.04	$2.19	$1.56	$-5.40
EPS (diluted)	$0.56	$0.75	$1.97	$1.71	$0.96	$-0.17	$-7.04	$2.18	$1.55	$-5.40
Diluted shares	23.31M	23.81M	24.07M	24.09M	24.36M	24.69M	25.04M	27.33M	28.17M	49.09M
Gross margin	42.3%	39.7%	40.9%	41.7%	41.7%	31.7%	32.1%	39.6%	38.8%	25.3%
Operating margin	9.1%	11.2%	10.8%	12.8%	11.0%	-2.2%	-33.1%	10.0%	5.0%	-15.7%
Net margin	5.7%	6.6%	15.1%	11.2%	5.9%	-0.9%	-32.6%	8.3%	5.3%	-13.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$79.90M	$143.52M	$172.71M	$255.14M	$148.74M	$77.23M	$132.86M	$73.30M	$40.86M	$377.32M
Short-term investments	$119.97M	$113.65M	$150.49M	$47.51M	$31.97M	$24.72M	—	—	—	$254.97M
Receivables	$68.72M	$56.81M	$31.05M	$73.66M	$62.65M	$60.17M	$87.63M	$70.31M	$101.97M	$316.17M
Inventory	$40.91M	$37.42M	$54.06M	$45.53M	$71.65M	$90.63M	$138.81M	$150.17M	$144.09M	$312.86M
Total current assets	$354.08M	$399.05M	$469.59M	$503.93M	$401.64M	$368.91M	$477.00M	$515.58M	$606.52M	$1.89B
Goodwill	$122.00K	—	—	$6.34M	$314.20M	$334.35M	$180.80M	$275.65M	$256.78M	$2.49B
Total assets	$432.50M	$473.42M	$508.84M	$584.95M	$928.57M	$914.20M	$824.58M	$1.02B	$1.12B	$5.72B
Total current liabilities	$48.06M	$62.09M	$44.87M	$66.95M	$96.19M	$101.39M	$121.33M	$144.88M	$172.16M	$439.24M
Short-term debt	—	—	—	—	$10.00M	$10.00M	$7.50M	$10.00M	—	—
Long-term debt	—	—	—	—	$187.51M	$177.84M	$125.90M	$17.09M	$30.00M	$728.97M
Total debt	—	—	—	—	$197.51M	$187.84M	$133.40M	$27.09M	$30.00M	$728.97M
Total liabilities	$50.55M	$64.39M	$46.27M	$75.05M	$316.47M	$306.23M	$273.61M	$193.12M	$234.06M	$1.32B
Shareholders' equity	$381.95M	$409.03M	$462.57M	$509.90M	$612.09M	$607.97M	$550.97M	$822.75M	$886.51M	$4.40B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	-$8.25M	$69.83M	$26.95M	$25.10M	$86.53M	-$9.62M	$11.40M	$15.29M	-$1.32M	-$78.40M
Capital expenditures	$9.02M	$9.56M	$8.90M	$11.22M	$11.26M	$22.29M	$14.87M	$22.98M	$19.55M	$62.54M
Free cash flow	-$17.27M	$60.27M	$18.05M	$13.88M	$75.27M	-$31.91M	-$3.47M	-$7.69M	-$20.86M	-$140.95M
Investing cash flow	-$36.52M	-$6.40M	$11.55M	$59.17M	-$378.77M	-$52.29M	-$7.00M	-$51.71M	-$28.49M	-$1.23B
Financing cash flow	$3.47M	$2.02M	-$1.18M	-$1.83M	$194.16M	-$16.61M	$50.83M	-$22.85M	-$2.86M	$1.65B
Stock-based compensation	$3.39M	$4.96M	$6.99M	$6.23M	$6.93M	$5.39M	$10.77M	$17.07M	$21.46M	$38.33M
Depreciation & amortization	$5.05M	$5.98M	$7.67M	$9.89M	$19.26M	$60.83M	$100.00M	$35.75M	$41.00M	$265.04M

Income statement

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Aug 2025	Nov 2025	Jan 2026	Apr 2026	Aug 2026
Revenue	$180.82M	$186.58M	$196.98M	$189.48M	$188.46M	$167.64M	$275.05M	$454.68M	$472.51M	$408.05M	$641.62M	$480.49M
Cost of revenue	$105.47M	$119.29M	$121.34M	$108.02M	$114.82M	$104.44M	$174.72M	$359.56M	$368.40M	$309.25M	$438.99M	$355.89M
Gross profit	$75.35M	$67.29M	$75.63M	$81.47M	$73.64M	$63.20M	$100.33M	$95.12M	$104.11M	$98.79M	$202.62M	$124.60M
Research & development	$22.02M	$25.13M	$35.07M	$24.61M	$28.72M	$22.50M	$24.90M	$33.11M	$35.99M	$27.11M	$31.46M	$23.96M
Selling, general & admin	$28.15M	$27.83M	$34.62M	$33.80M	$37.92M	$43.79M	$43.25M	$131.28M	$98.34M	$99.41M	$114.22M	$111.51M
Operating income	$25.18M	$14.33M	$5.95M	$23.06M	$7.01M	-$3.09M	$13.82M	-$69.27M	-$30.22M	-$268.44M	$56.94M	-$10.87M
Pre-tax income	$20.37M	$15.22M	$2.73M	$22.59M	$6.33M	-$2.36M	$17.94M	-$84.33M	-$20.60M	-$265.14M	$81.89M	-$7.33M
Income tax	$1.14M	$1.26M	-$1.82M	$1.49M	-$221.00K	-$605.00K	$223.00K	-$15.17M	-$2.31M	-$21.62M	$16.03M	-$397.00K
Net income	$17.84M	$13.88M	$6.05M	$21.17M	$7.54M	-$1.75M	$16.66M	-$67.37M	-$17.10M	-$243.82M	$63.17M	-$5.07M
EBITDA	$33.61M	$23.92M	$16.73M	$31.91M	$16.01M	$6.20M	$27.67M	$20.98M	$27.85M	-$213.81M	$119.02M	$45.16M
EPS (basic)	$0.66	$0.50	$0.20	$0.76	$0.27	$-0.06	$0.60	$-1.44	$-0.34	$-4.90	$1.33	$-0.10
EPS (diluted)	$0.66	$0.50	$0.20	$0.75	$0.27	$-0.06	$0.59	$-1.44	$-0.34	$-4.90	$1.33	$-0.10
Diluted shares	26.96M	28.04M	266.58K	28.28M	28.15M	28.03M	2.40K	46.88M	49.72M	49.74M	325.87K	49.82M
Gross margin	41.7%	36.1%	38.4%	43.0%	39.1%	37.7%	36.5%	20.9%	22.0%	24.2%	31.6%	25.9%
Operating margin	13.9%	7.7%	3.0%	12.2%	3.7%	-1.8%	5.0%	-15.2%	-6.4%	-65.8%	8.9%	-2.3%
Net margin	9.9%	7.4%	3.1%	11.2%	4.0%	-1.0%	6.1%	-14.8%	-3.6%	-59.8%	9.8%	-1.1%

Balance sheet

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Aug 2025	Nov 2025	Jan 2026	Apr 2026	Aug 2026
Cash & equivalents	$100.91M	$107.69M	$73.30M	$81.16M	$68.96M	$47.00M	$40.86M	$685.80M	$359.43M	$289.88M	$377.32M	$278.39M
Short-term investments	—	—	—	—	—	—	—	—	$229.05M	$297.26M	$254.97M	$301.84M
Receivables	$73.86M	$53.24M	$70.31M	$35.49M	$73.94M	$81.23M	$101.97M	$198.29M	$232.34M	$201.05M	$316.17M	$183.13M
Inventory	$181.77M	$161.38M	$150.17M	$143.84M	$139.70M	$147.97M	$144.09M	$232.89M	$259.21M	$299.28M	$312.86M	$410.77M
Total current assets	$524.04M	$500.69M	$515.58M	$500.35M	$514.85M	$543.89M	$606.52M	$1.64B	$1.67B	$1.70B	$1.89B	$1.88B
Goodwill	$274.78M	$275.19M	$275.65M	$275.93M	$275.83M	$275.29M	$256.78M	$2.54B	$2.62B	$2.37B	$2.49B	$2.49B
Total assets	$1.01B	$980.30M	$1.02B	$999.17M	$1.02B	$1.05B	$1.12B	$5.62B	$5.64B	$5.36B	$5.72B	$5.73B
Total current liabilities	$109.30M	$107.53M	$144.88M	$117.36M	$111.61M	$128.91M	$172.16M	$274.93M	$328.03M	$309.32M	$439.24M	$441.73M
Short-term debt	$5.00M	$7.50M	$10.00M	$10.00M	—	—	—	—	—	—	—	—
Long-term debt	$73.68M	$31.29M	$17.09M	$6.79M	$15.00M	$25.00M	$30.00M	$725.70M	$726.79M	$727.88M	$728.97M	$730.06M
Total debt	$78.68M	$38.79M	$27.09M	$16.79M	$15.00M	$25.00M	$30.00M	$725.70M	$726.79M	$727.88M	$728.97M	$730.06M
Total liabilities	$212.97M	$167.31M	$193.12M	$153.63M	$160.69M	$187.09M	$234.06M	$1.20B	$1.22B	$1.18B	$1.32B	$1.33B
Shareholders' equity	$793.73M	$812.99M	$822.75M	$845.54M	$858.40M	$861.05M	$886.51M	$4.43B	$4.42B	$4.18B	$4.40B	$4.40B

Cash flow

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Aug 2025	Nov 2025	Jan 2026	Apr 2026	Aug 2026
Operating cash flow	-$8.53M	$52.55M	-$11.67M	$28.35M	-$3.64M	-$25.76M	-$264.00K	-$123.73M	-$45.08M	-$5.11M	$95.51M	$13.50M
Capital expenditures	$6.47M	$3.80M	$9.08M	$5.43M	$5.02M	$3.85M	$5.25M	$22.73M	$10.81M	$12.60M	$16.41M	$44.03M
Free cash flow	-$15.00M	$48.76M	-$20.75M	$22.92M	-$8.66M	-$29.61M	-$5.52M	-$146.45M	-$55.89M	-$17.70M	$79.10M	-$30.54M
Investing cash flow	-$34.00M	-$3.80M	-$10.28M	-$6.61M	-$5.02M	-$4.97M	-$11.89M	-$876.65M	-$281.07M	-$67.20M	-$7.75M	-$108.24M
Financing cash flow	$37.86M	-$42.16M	-$12.23M	-$13.95M	-$3.52M	$9.08M	$5.53M	$1.65B	-$118.00K	$1.89M	-$32.00K	-$4.09M
Stock-based compensation	$5.04M	$4.18M	$4.64M	$4.54M	$5.60M	$5.38M	$5.94M	$11.43M	$8.57M	$8.07M	$10.27M	$4.93M
Depreciation & amortization	$8.44M	$9.58M	$10.78M	$8.85M	$9.00M	$9.29M	$13.85M	$90.25M	$58.08M	$54.63M	$62.08M	$56.03M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.