MARKETS / NASDAQ / AVAV

NASDAQ · AIRCRAFT · LARGE CAP

AeroVironment Inc. AVAV

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$2.0B

▲ 140.9% YoY

Net income

$-265.1M

▼ 707.8% YoY

Free cash flow

$-140.9M

In brief

What this company does

AeroVironment develops and deploys autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities. During the fiscal year ended April 30, 2026, the company generated approximately 25% of its revenue from the U.S. Army. As of April 30, 2026, the company had 3,991 full-time employees and 100 part-time employees. Effective May 1, 2025, following its acquisition of BlueHalo Financing Topco, LLC, the company began operating its business in two reportable segments: Autonomous Systems and Space, Cyber and Directed Energy. In the Space, Cyber and Directed Energy segment, space technology supports satellite operations and communications, missile warning systems, and space-based ISR. AeroVironment, Inc. was originally incorporated in California in July 1971 and reincorporated in Delaware in 2006.

Written from the business description in AeroVironment Inc's annual report to the U.S. Securities and Exchange Commission, filed 29 June 2026. Every sentence was checked against that document before publication.

Growth

USD 2.0B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 2.0 · Net income -0.3

Compound annual growth

Revenue

+54.1%

+38.0%

+23.8%

+13.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +38.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−13 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating -15.7% · Net -13.4%

ROE

FY2023 · ROE 10.8%

Gross margin25.3%

Operating margin-15.7%

Net margin-13.4%

Return on assets-7.8%

EBITDAUSD -46.0M

Cash & shareholders

—

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -140.9

Net buybacks $M Dividends $M

FY2015 · Dividends — · Net buybacks 2.6

Total assetsUSD 5.7B

CashUSD 377.3M

Gross debtUSD 729.0M

Net debtUSD 351.6M

Current ratio4.30×

Not available: we don't have the shareholders' equity figure for this period.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	2.0	0.8	0.7	0.5	0.4	0.4	0.4	0.3	0.3	0.2	0.2	0.3	0.3	0.2	0.3	0.3	0.2
Operating income $B	−0.3	0.0	0.1	−0.2	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	−0.0	0.1	0.1	−0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0
Income tax $B	−0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	−0.3	0.0	0.1	−0.2	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	−0.1	−0.0	−0.0	−0.0	−0.0	0.1	0.0	0.0	0.1	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	−5.40	1.55	2.18	−7.04	−0.17	0.96	1.71	1.97	0.75	0.56	0.39	0.13	0.60	0.47	1.36	1.17	0.94
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	·	·	10.8	−30.4	−0.7	4.2	8.4	10.9	4.5	3.5	2.5	3.8	4.2	3.4	10.8	10.4	8.9
Shares out B	0.05	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityAircraft

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsApril 30

Data on record since2009