AeroVironment Inc AVAV

Consumer discretionary SIC 3721 - Aircraft NAICS Manufacturing › Transportation Equipment Manufacturing › Aerospace Product and Parts Manufacturing › Aircraft Manufacturing derived Nasdaq

We are a defense technology provider delivering integrated capabilities across air, land, sea, space, and cyber. We develop and deploy autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities. We operate an international manufacturing footprint, delivering proven systems and capabilities in markets that we believe offer the potential for significant long-term growth. In addition, we believe that some of the innovative potential products, services and technologies in our R&D pipeline will emerge as new growth platforms in the future, creating additional market opportunities. Effective May 1, 2025 in connection with our acquisition of BlueHalo Financing Topco, LLC ("BlueHalo"), we operate our business in two reportable segments: (1) Autonomous Systems ("AxS") and (2) Space, Cyber and Directed Energy ("SCDE").

Last close 123.25 2026-10-23
Market cap $6.24B 2026-04-30 share count
52-week range 113.15 - 408.25

Valuation FY2025 figures against the last close

P/S3.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-5.40

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.98B$820.6M$716.7M$540.5M$445.7M$394.9M$367.3M$314.3M$268.4M$233.1M
Cost of revenue $1.48B$502.0M$432.8M$367.0M$304.5M$230.4M$214.2M$185.9M$160.7M$136.2M
Gross profit $500.6M$318.6M$283.9M$173.5M$141.2M$164.6M$153.1M$128.4M$107.7M$96.9M
R&D $127.7M$100.7M$97.7M$64.3M$54.7M$53.8M$46.5M$34.2M$26.4M$28.5M
SG&A $443.3M$158.8M$114.4M$131.9M$96.4M$67.5M$59.5M$60.3M$50.8M$47.6M
Operating income -$311.0M$40.8M$71.8M-$178.7M-$9.9M$43.3M$47.1M$33.8M$30.4M$20.8M
Pre-tax income -$288.2M$44.5M$61.6M-$190.8M-$13.3M$23.9M$47.2M$46.5M$31.3M$22.4M
Income tax $23.1M$882.0K$1.9M$14.7M$10.4M$539.0K$5.8M$4.6M$9.8M$4.8M
Net income -$265.1M$43.6M$59.7M-$176.2M-$4.2M$23.3M$41.1M$47.4M$17.6M$13.1M
EPS, basic -5.401.562.19-7.04-0.170.971.732.000.760.57
EPS, diluted -5.401.552.18-7.04-0.170.961.711.970.750.56
Shares, diluted (wtd. avg.) 49.1M28.2M27.3M25.0M24.7M24.4M24.1M24.1M23.8M23.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $377.3M$40.9M$73.3M$132.9M$77.2M$157.1M$255.1M$172.7M$143.5M$79.9M
Short-term investments $255.0M———$24.7M$32.0M$47.5M$150.5M$113.6M$120.0M
Receivables $316.2M$102.0M$70.3M$87.6M$60.2M$62.6M$73.7M$31.1M$56.8M$68.7M
Inventory $312.9M$144.1M$150.2M$138.8M$90.6M$71.6M$45.5M$54.1M$37.4M$40.9M
Total current assets $1.89B$606.5M$515.6M$477.0M$368.9M$401.6M$503.9M$469.6M$399.0M$354.1M
Property, plant and equipment $166.7M$50.7M$46.6M$39.8M$62.3M$58.9M$21.7M$16.9M$19.2M$16.0M
Goodwill $2.49B$256.8M$275.7M$180.8M$334.3M$314.2M$6.3M——$122.0K
Other intangibles $929.8M$48.7M$72.2M$43.6M$97.2M$106.3M$13.6M$459.0K$628.0K$1.4M
Total assets $5.72B$1.12B$1.02B$824.6M$914.2M$928.6M$585.0M$508.8M$473.4M$432.5M
Accounts payable $160.5M$72.5M$48.3M$31.4M$19.2M$24.8M$19.9M$16.0M$21.3M$15.9M
Short-term debt ——$10.0M$7.5M$10.0M$10.0M————
Total current liabilities $439.2M$172.2M$144.9M$121.3M$101.4M$96.2M$67.0M$44.9M$62.1M$48.1M
Long-term debt $729.0M$30.0M$17.1M$125.9M$177.8M$187.5M————
Retained earnings $9.2M$274.3M$230.7M$171.0M$347.2M$351.4M$328.1M$286.4M$238.9M$219.9M
Total equity $4.40B$886.5M$822.7M$551.0M$608.2M$612.1M$509.9M$462.6M$409.1M$383.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$78.4M-$1.3M$15.3M$11.4M-$9.6M$86.5M$25.1M$26.9M$69.8M-$8.3M
Depreciation and amortisation $265.0M$41.0M$35.7M$100.0M$60.8M$19.3M$9.9M$7.7M$6.0M$5.1M
Stock-based compensation $38.3M$21.5M$17.1M$10.8M$5.4M$6.9M$6.2M$7.0M$5.0M$3.4M
Capital expenditure $62.5M$19.5M$23.0M$14.9M$22.3M$11.3M$11.2M$8.9M$9.6M$9.0M
Investing cash flow -$1.23B-$28.5M-$51.7M-$7.0M-$52.3M-$378.8M$59.2M$11.5M-$6.4M-$36.5M
Financing cash flow $1.65B-$2.9M-$22.9M$50.8M-$16.6M$194.2M-$1.8M-$1.2M$2.0M$3.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-096689.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2016: 233.1M Gross profit, FY2016: 96.9M Net income, FY2016: 13.1M Revenue, FY2017: 268.4M Gross profit, FY2017: 107.7M Net income, FY2017: 17.6M Revenue, FY2018: 314.3M Gross profit, FY2018: 128.4M Net income, FY2018: 47.4M Revenue, FY2019: 367.3M Gross profit, FY2019: 153.1M Net income, FY2019: 41.1M Revenue, FY2020: 394.9M Gross profit, FY2020: 164.6M Net income, FY2020: 23.3M Revenue, FY2021: 445.7M Gross profit, FY2021: 141.2M Net income, FY2021: -4.2M Revenue, FY2022: 540.5M Gross profit, FY2022: 173.5M Net income, FY2022: -176.2M Revenue, FY2023: 716.7M Gross profit, FY2023: 283.9M Net income, FY2023: 59.7M Revenue, FY2024: 820.6M Gross profit, FY2024: 318.6M Net income, FY2024: 43.6M Revenue, FY2025: 2B Gross profit, FY2025: 500.6M Net income, FY2025: -265.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $233.1M $268.4M $314.3M $367.3M $394.9M $445.7M $540.5M $716.7M $820.6M $1.98B
Gross profit $96.9M $107.7M $128.4M $153.1M $164.6M $141.2M $173.5M $283.9M $318.6M $500.6M
Net income $13.1M $17.6M $47.4M $41.1M $23.3M -$4.2M -$176.2M $59.7M $43.6M -$265.1M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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