AVAV · Aerovironment Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $167.64M | $188.46M | $454.68M | - | - | - | - | - | - | - |
| Cost of Revenue | $309.25M | $368.40M | $359.56M | $114.82M | $104.44M | $108.02M | - | $119.29M | $105.47M | $74.80M |
| Gross Profit | $98.79M | $104.11M | $95.12M | $73.64M | $63.20M | $81.47M | - | $67.29M | $75.35M | $33.71M |
| R&D | $27.11M | $35.99M | $33.11M | $28.72M | $22.50M | $24.61M | - | $25.13M | $22.02M | $15.04M |
| SG&A | $99.41M | $98.34M | $131.28M | $37.92M | $43.79M | $33.80M | - | $27.83M | $28.15M | $21.94M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $54.63M | $9.00M | $90.25M | - | - | $8.85M | - | - | - | $14.00M |
| Operating Income | ($179.04M) | ($30.22M) | ($69.27M) | $7.01M | ($3.09M) | $23.06M | - | $14.33M | $25.18M | ($3.27M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($19.49M) | ($2.31M) | ($15.17M) | ($221.0K) | ($605.0K) | $1.49M | - | $1.26M | $1.14M | $2.61M |
| Net Income | ($156.55M) | ($17.10M) | ($67.37M) | $7.54M | ($1.75M) | $21.17M | - | $13.88M | $17.84M | ($8.39M) |
| EPS - Basic | ($3.15) | ($0.34) | ($1.44) | $0.27 | ($0.06) | $0.76 | - | $0.50 | $0.66 | ($0.34) |
| EPS - Diluted | ($3.15) | ($0.34) | ($1.44) | $0.27 | ($0.06) | $0.75 | - | $0.50 | $0.66 | ($0.34) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $289.88M | $359.43M | $685.80M | $40.86M | $47.00M | $81.16M | $73.30M | $107.69M | $100.91M | $105.87M |
| Accounts Receivable | $201.05M | $232.34M | $198.29M | $101.97M | $81.23M | $35.49M | $70.31M | $53.24M | $73.86M | $79.21M |
| Inventory | $299.28M | $259.21M | $232.89M | $144.09M | $147.97M | $143.84M | $150.17M | $161.38M | $181.77M | $175.40M |
| Accounts Payable | $109.63M | $119.53M | $91.13M | $72.46M | $48.77M | $43.60M | $48.30M | $26.97M | $28.83M | $28.82M |
| Current Assets | $1.70B | $1.67B | $1.64B | $606.52M | $543.89M | $500.35M | $515.58M | $500.69M | $524.04M | $481.69M |
| Total Assets | $5.45B | $5.64B | $5.62B | $1.12B | $1.05B | $999.17M | $1.02B | $980.30M | $1.01B | $826.06M |
| Current Liabilities | $309.32M | $328.03M | $274.93M | $172.16M | $128.91M | $117.36M | $144.88M | $107.53M | $109.30M | $107.19M |
| Long-term Debt | $727.88M | $726.79M | $725.70M | $30.00M | $25.00M | $6.79M | $17.09M | $31.29M | $73.68M | $118.54M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $4.27B | $4.42B | $4.43B | $886.51M | $861.05M | $845.54M | $822.75M | $621.51M | $550.97M | $574.54M |
| Retained Earnings | $33.28M | $189.83M | $206.94M | $274.31M | $257.64M | $251.85M | $230.69M | $224.64M | $210.76M | $192.92M |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($123.73M) | - | - | $28.35M | - | - | - | $15.89M |
| Investing Cash Flow | - | - | ($876.65M) | - | - | ($6.61M) | - | - | - | $3.79M |
| Financing Cash Flow | - | - | $1.65B | - | - | ($13.95M) | - | - | - | ($3.33M) |
| CapEx | - | - | $22.73M | - | - | $5.43M | - | - | - | $5.39M |
| Free Cash Flow | - | - | ($146.45M) | - | - | $22.92M | - | - | - | $10.49M |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 58.9% | 55.2% | 20.9% | - | - | - | - | - | - | - |
| Operating margin | -106.8% | -16.0% | -15.2% | - | - | - | - | - | - | - |
| EBITDA margin | -74.2% | -11.3% | 4.6% | - | - | - | - | - | - | - |
| Net margin | -93.4% | -9.1% | -14.8% | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | -32.2% | - | - | - | - | - | - | - |
| FCF / Net income | - | - | 2.17 | - | - | 1.08 | - | - | - | -1.25 |
| R&D / Revenue | 16.2% | 19.1% | 7.3% | - | - | - | - | - | - | - |
| SG&A / Revenue | 59.3% | 52.2% | 28.9% | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | -3.0% | - | 6.6% | - | 8.3% | 6.0% | - |
| Return on assets | -2.9% | -0.3% | -1.2% | 0.7% | -0.2% | 2.1% | - | 1.4% | 1.8% | -1.0% |
| Return on equity | -3.7% | -0.4% | -1.5% | 0.9% | -0.2% | 2.5% | - | 2.2% | 3.2% | -1.5% |
| Return on invested capital | -2.8% | -0.5% | -1.1% | 0.8% | -0.3% | 2.5% | - | 2.0% | 3.8% | -0.4% |
| Liquidity | ||||||||||
| Current ratio | 5.51 | 5.08 | 5.96 | 3.52 | 4.22 | 4.26 | 3.56 | 4.66 | 4.79 | 4.49 |
| Quick ratio | 4.54 | 4.29 | 5.12 | 2.69 | 3.07 | 3.04 | 2.52 | 3.16 | 3.13 | 2.86 |
| Cash ratio | 0.94 | 1.10 | 2.49 | 0.24 | 0.36 | 0.69 | 0.51 | 1.00 | 0.92 | 0.99 |
| Leverage | ||||||||||
| Debt / Equity | 0.17 | 0.16 | 0.16 | 0.03 | 0.03 | 0.01 | 0.02 | 0.05 | 0.13 | 0.21 |
| Debt / Assets | 0.13 | 0.13 | 0.13 | 0.03 | 0.02 | 0.01 | 0.02 | 0.03 | 0.07 | 0.14 |
| Debt / EBITDA | - | - | 34.59 | - | - | 0.21 | - | - | - | 11.05 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.28 | 1.28 | 1.27 | 1.26 | 1.22 | 1.18 | 1.23 | 1.58 | 1.83 | 1.44 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | 0.03 | 0.08 | - | - | - | - | - | - | - |
| Inventory turnover | 1.03 | 1.42 | 1.54 | 0.80 | 0.71 | 0.75 | - | 0.74 | 0.58 | 0.43 |
| Days sales outstanding | 438d | 450d | 159d | - | - | - | - | - | - | - |
| Days inventory outstanding | 353d | 257d | 236d | 458d | 517d | 486d | - | 494d | 629d | 856d |
| Days payable outstanding | 129d | 118d | 93d | 230d | 170d | 147d | - | 83d | 100d | 141d |
| Cash conversion cycle | 662d | 588d | 303d | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 561.2x | - | 231.8x | - | 244.2x | 172.6x | - |
| P / B | 3.2x | 4.2x | 2.8x | 4.8x | 5.9x | 5.8x | - | 5.5x | 5.6x | 4.1x |
| P / S | 82.6x | 97.6x | 26.8x | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | 583.0x | - | - | 151.7x | - | - | - | 220.9x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | 16.3% | 15.3% | 39.1% | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 56.3% | 41.4% | 16.8% | - | - | - | - | 213.9% | 84.5% | 17.4% |
| Operating income growth (YoY) | -5699.7% | - | - | - | - | - | - | - | 81.2% | 73.0% |
| Net income growth (YoY) | -8825.4% | - | - | - | - | - | - | 138750.0% | 752.0% | 40.0% |
| EPS growth (YoY) | -5150.0% | - | - | - | - | - | - | - | 633.3% | 40.4% |
| EPS CAGR (3y) | - | - | - | 44.2% | - | - | - | - | 28.6% | - |
| EPS CAGR (5y) | - | - | - | -2.7% | - | 1.1% | - | - | 17.9% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | 80.1% | - | - | - | - |
| Book value growth (YoY) | 396.2% | 398.4% | 423.6% | 7.7% | - | - | 49.3% | 3.2% | -9.4% | -4.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-04-30.
Business segments
$820.63M totalUxs$381.78M · 46.5%
Loitering Munition Systems Lms$351.98M · 42.9%
Mw$86.87M · 10.6%
Product / service
$381.78M totalProduct$352.93M · 92.4%
Service$28.85M · 7.6%
Geographic
$149.60M totalCountry Of Ukraine$149.60M · 100.0%
Peer comparison
Same SIC group: Aircraft
Comparing AeroVironment Inc against the 5 most active filers in the same SIC group.