AeroVironment Inc (AVAV) financial statements: income statement, balance sheet and cash flow
AeroVironment Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Apr 30, 2026 · FY), AeroVironment Inc reported revenue of $2.0B (+140.9% year on year).
Income statement
AeroVironment Inc income statement, fiscal years
Line item
Apr 30, 2026 · FY
Apr 30, 2025 · FY
Apr 30, 2024 · FY
Apr 30, 2023 · FY
Revenue
$2.0B
$820.6M
$716.7M
$540.5M
Cost of sales
$1.5B
$502.0M
$432.8M
$367.0M
Total gross margin
$500.6M
$318.6M
$283.9M
$173.5M
Selling, general and administrative
$443.3M
$158.8M
$114.4M
$131.9M
Research and development
$127.7M
$100.7M
$97.7M
$64.3M
Impairment of goodwill
$240.7M
$18.4M
—
$156.0M
(Loss) income from operations
($311.0M)
$40.8M
$71.8M
($178.7M)
Interest expense, net
($5.6M)
($2.2M)
($4.2M)
($9.4M)
Other income (expense), net
$11.0M
$1.1M
($4.4M)
($346.0K)
(Loss) income before income taxes
($305.6M)
$39.7M
$63.2M
($188.4M)
(Benefit from) provision for income taxes
($23.1M)
$882.0K
$1.9M
($14.7M)
Equity method investment income (loss), net of tax
$17.4M
$4.8M
($1.7M)
($2.5M)
Net (loss) income
($265.1M)
$43.6M
$59.7M
($176.2M)
Basic (in dollars per share)
-$5.40
$1.56
$2.19
-$7.04
Diluted (in dollars per share)
-$5.40
$1.55
$2.18
-$7.04
Basic (in shares)
49.1M
28.0M
27.2M
25.0M
Diluted (in shares)
49.1M
28.2M
27.3M
25.0M
AeroVironment Inc income statement, quarters
Line item
Aug 1, 2026 · Q2
Jan 31, 2026 · Q3
Nov 1, 2025 · Q3
Aug 2, 2025 · Q2
Revenue
$480.5M
$408.0M
$472.5M
$454.7M
Cost of sales
$355.9M
$309.3M
$368.4M
$359.6M
Total gross margin
$124.6M
$98.8M
$104.1M
$95.1M
Selling, general and administrative
$111.5M
$99.4M
$98.3M
$131.3M
Research and development
$24.0M
$27.1M
$36.0M
$33.1M
Loss from operations
($10.9M)
($179.0M)
($30.2M)
($69.3M)
Interest income (expense), net
$4.1M
$3.7M
$4.7M
($17.4M)
Other (expense) income, net
($595.0K)
($400.0K)
$5.0M
$2.4M
Loss before income taxes
($7.3M)
—
—
—
Benefit from income taxes
($397.0K)
($19.5M)
($2.3M)
($15.2M)
Equity method investment income, net of tax
$1.9M
($295.0K)
$1.2M
$1.8M
Net loss
($5.1M)
($156.6M)
($17.1M)
($67.4M)
Basic (in dollars per share)
-$0.10
-$3.15
-$0.34
-$1.44
Diluted (in dollars per share)
-$0.10
-$3.15
-$0.34
-$1.44
Basic (in shares)
49.8M
49.7M
49.7M
46.9M
Diluted (in shares)
49.8M
49.7M
49.7M
46.9M
Balance sheet
AeroVironment Inc balance sheet, fiscal years
Line item
Apr 30, 2026 · FY
Apr 30, 2025 · FY
Apr 30, 2024 · FY
Apr 30, 2023 · FY
Cash and cash equivalents
$377.3M
$40.9M
$73.3M
$132.9M
Short-term Investments
$255.0M
—
—
—
Accounts receivable, net of allowance for credit losses of $1,961 at April 30, 2026 and $203 at April 30, 2025
$316.2M
$102.0M
$70.3M
$87.6M
Unbilled receivables and retentions
$570.4M
$290.0M
$199.5M
$105.7M
Inventories, net
$312.9M
$144.1M
$150.2M
$138.8M
Income taxes receivable
$6.2M
$622.0K
—
—
Prepaid expenses and other current assets
$52.5M
$29.0M
$22.3M
$12.0M
Total current assets
$1.9B
$606.5M
$515.6M
$477.0M
Long-term Investments
$81.1M
$31.6M
$21.0M
$23.6M
Property and equipment, net
$166.7M
$50.7M
$46.6M
$39.8M
Operating lease right-of-use assets
$100.4M
$31.9M
$30.0M
$27.4M
Intangibles, net
$929.8M
$48.7M
$72.2M
$43.6M
Goodwill
$2.5B
$256.8M
$275.7M
$180.8M
Other assets
$54.6M
$32.9M
$13.5M
$5.2M
Total assets
$5.7B
$1.1B
$1.0B
$824.6M
Accounts payable
$160.5M
$72.5M
$48.3M
$31.4M
Wages and related accruals
$98.1M
$44.3M
$44.3M
$35.6M
Customer advances
$79.6M
$16.0M
$11.2M
$16.6M
Current operating lease liabilities
$17.6M
$10.5M
$9.8M
$8.2M
Income taxes payable
$524.0K
$356.0K
$4.2M
$2.3M
Other current liabilities
$82.9M
$28.7M
$17.1M
$19.6M
Total current liabilities
$439.2M
$172.2M
$144.9M
$121.3M
Long-term debt
$729.0M
$30.0M
$17.1M
$125.9M
Non-current operating lease liabilities
$88.2M
$23.8M
$22.7M
$21.2M
Other non-current liabilities
$2.0M
$2.0M
$2.1M
$746.0K
Liability for uncertain tax positions
$7.4M
$6.1M
$5.6M
$2.7M
Deferred income taxes
$50.5M
$61.5M
$41.3M
$27.2M
Issued and outstanding shares-50,610,514 shares at April 30, 2026 and 28,267,517 shares at April 30, 2025
6.0K
4.0K
4.0K
4.0K
Additional paid-in capital
$4.4B
$618.7M
$597.6M
$384.4M
Accumulated other comprehensive loss
($5.6M)
($6.5M)
($5.6M)
($4.5M)
Retained earnings
$9.2M
$274.3M
$230.7M
$171.0M
Total stockholders' equity
$4.4B
$886.5M
$822.7M
$551.0M
Total liabilities and stockholders' equity
$5.7B
$1.1B
$1.0B
$824.6M
AeroVironment Inc balance sheet, quarters
Line item
Aug 1, 2026
Jan 31, 2026
Nov 1, 2025
Aug 2, 2025
Cash and cash equivalents
$278.4M
$289.9M
$359.4M
$685.8M
Short-term Investments
$301.8M
$297.3M
$229.0M
—
Accounts receivable, net of allowance for credit losses of $6,515 at August 1, 2026 and $1,961 at April 30, 2026
$183.1M
$201.0M
$232.3M
$198.3M
Unbilled receivables and retentions
$637.8M
$528.6M
$513.5M
$463.9M
Inventories, net
$410.8M
$299.3M
$259.2M
$232.9M
Income taxes receivable
$5.8M
$43.0M
$26.4M
$20.8M
Prepaid expenses and other current assets
$63.9M
$45.2M
$46.5M
$37.7M
Total current assets
$1.9B
$1.7B
$1.7B
$1.6B
Long-term investments
$94.8M
$61.7M
$81.0M
$36.3M
Property and equipment, net
$202.7M
$158.9M
$155.4M
$148.8M
Operating lease right-of-use assets
$113.8M
$91.8M
$94.3M
$98.5M
Intangibles, net
$886.5M
$925.9M
$971.8M
$1.1B
Goodwill
$2.5B
$2.5B
$2.6B
$2.5B
Other assets
$57.4M
$49.4M
$45.9M
$42.7M
Total assets
$5.7B
$5.5B
$5.6B
$5.6B
Accounts payable
$174.8M
$109.6M
$119.5M
$91.1M
Wages and related accruals
$70.9M
$75.8M
$79.3M
$73.8M
Customer advances
$87.5M
$67.5M
$71.2M
$61.3M
Current operating lease liabilities
$17.8M
$15.6M
$14.8M
$16.8M
Income taxes payable
$487.0K
$320.0K
$215.0K
—
Other current liabilities
$90.1M
$40.5M
$43.0M
$32.0M
Total current liabilities
$441.7M
$309.3M
$328.0M
$274.9M
Long-term debt
$730.1M
$727.9M
$726.8M
$725.7M
Non-current operating lease liabilities
$102.9M
$82.6M
$84.3M
$87.2M
Other non-current liabilities
$2.0M
$2.0M
$2.0M
$2.0M
Liability for uncertain tax positions
$7.4M
$6.1M
$6.1M
$6.1M
Deferred income taxes
$50.5M
$53.6M
$73.2M
$101.0M
Issued and outstanding shares-50,822,963 shares at August 1, 2026 and 50,610,514 shares at April 30, 2026
6.0K
6.0K
6.0K
6.0K
Additional paid-in capital
$4.4B
$4.2B
$4.2B
$4.2B
Accumulated other comprehensive loss
($5.8M)
($5.5M)
($6.2M)
($5.9M)
Retained (loss) earnings
$4.1M
$33.3M
$189.8M
$206.9M
Total stockholders' equity
$4.4B
$4.3B
$4.4B
$4.4B
Total liabilities and stockholders' equity
$5.7B
$5.5B
$5.6B
$5.6B
Cash flow statement
AeroVironment Inc cash flow statement, fiscal years
Line item
Apr 30, 2026 · FY
Apr 30, 2025 · FY
Apr 30, 2024 · FY
Apr 30, 2023 · FY
Net (loss) income
($265.1M)
$43.6M
$59.7M
($176.2M)
Depreciation and amortization
$265.0M
$41.0M
$35.7M
$100.0M
Impairment of goodwill
$240.7M
$18.4M
—
$156.0M
(Gain)/Loss from equity method investments
($17.4M)
($4.8M)
$1.7M
$2.5M
Amortization of debt issuance costs
$11.4M
$1.2M
$1.0M
$845.0K
Provision for credit losses
$2.0M
$43.0K
$4.0K
$99.0K
Reserve for inventory excess and obsolescence
$8.5M
$2.9M
$13.9M
$8.1M
Other non-cash expense, net
$5.3M
$2.6M
$1.3M
$2.0M
Non-cash lease expense
$25.4M
$10.2M
$10.4M
$8.0M
Loss on foreign currency transactions
$18.0K
$491.0K
$22.0K
$119.0K
(Gain) loss on sale of equity securities, net
($11.7M)
($177.0K)
$3.9M
$132.0K
Deferred income taxes
($27.1M)
($20.2M)
($23.3M)
($18.7M)
Stock-based compensation
$38.3M
$21.5M
$17.1M
$10.8M
Loss on disposal of property and equipment
$2.1M
$311.0K
$621.0K
$1.5M
Amortization of debt securities
($879.0K)
—
—
$125.0K
Accounts receivable
($128.7M)
($31.8M)
$19.2M
($27.4M)
Unbilled receivables and retentions
($159.0M)
($90.5M)
($92.8M)
($1.4M)
Inventories
($111.6M)
$3.0M
($23.0M)
($61.8M)
Income taxes receivable
($1.4M)
($590.0K)
—
$442.0K
Prepaid expenses and other assets
($19.9M)
($21.0M)
($20.3M)
($3.8M)
Accounts payable
$28.1M
$22.3M
$13.0M
$12.5M
Other liabilities
$37.6M
$303.0K
($2.8M)
($2.6M)
Net cash (used in) provided by operating activities
($78.4M)
($1.3M)
$15.3M
$11.4M
Acquisition of property and equipment
($62.5M)
($22.8M)
($23.0M)
($14.9M)
Acquisition of capitalized software to be sold
($23.7M)
—
—
—
Contributions in equity method investments
($4.5M)
($5.7M)
($3.1M)
($5.8M)
Purchase of available-for-sale investments
($369.9M)
—
—
($1.3M)
Redemption of available-for-sale investments
$94.5M
—
—
$26.1M
Purchase of equity and debt investments
($8.0M)
—
—
—
Proceeds from sale of equity securities
$19.2M
—
—
—
Exercise of warrants
($6.3M)
—
—
—
Business acquisitions, net of cash acquired
($871.5M)
—
($24.2M)
($5.1M)
Net cash used in investing activities
($1.2B)
($28.5M)
($51.7M)
($7.0M)
Proceeds from revolving credit facility
$233.9M
$40.0M
—
—
Principal payments of term loan
($700.0M)
($28.0M)
($107.0M)
($55.0M)
Principal payments of revolver
($265.0M)
($10.0M)
—
—
Proceeds from long-term debt
$693.2M
—
—
—
Proceeds from shares issued, net of underwriter costs
968.5M
—
—
—
Proceeds from convertible debt, net of underwriter costs
$726.9M
—
—
—
Payment of debt issuance costs
($2.4M)
($1.2M)
($37.0K)
—
Payment of equity issuance costs
($1.4M)
($2.9M)
—
—
Tax withholding payment related to net settlement of equity awards
($10.9M)
($4.1M)
($1.6M)
($1.1M)
Employee stock purchase plan contributions
$4.4M
$1.9M
—
—
Other
($16.0K)
($23.0K)
($24.0K)
($250.0K)
Net cash provided by (used in) financing activities
$1.6B
($2.9M)
($22.9M)
$50.8M
AeroVironment Inc cash flow statement, quarters
Line item
Aug 1, 2026 · Q2
Jan 31, 2026 · YTD
Nov 1, 2025 · YTD
Aug 2, 2025 · Q2
Net loss
($5.1M)
($241.0M)
($84.5M)
($67.4M)
Depreciation and amortization
$56.0M
$203.0M
$148.3M
$90.3M
Gain from equity method investments
($1.9M)
($2.7M)
($3.0M)
($1.8M)
Amortization of debt issuance costs
$1.1M
$10.3M
$9.1M
$7.8M
Provision for credit losses
$4.6M
$1.9M
$2.0M
$173.0K
Reserve for inventory excess and obsolescence
$2.2M
$5.1M
$2.7M
$1.2M
Other non-cash expense, net
$1.6M
$3.5M
$2.1M
$616.0K
Non-cash lease expense
$7.7M
$18.9M
$12.7M
$6.8M
Loss on foreign currency transactions
$23.0K
$264.0K
$215.0K
$161.0K
Stock-based compensation
$4.9M
$28.1M
$20.0M
$11.4M
Amortization of debt securities
($47.0K)
($661.0K)
($201.0K)
—
Accounts receivable
$128.3M
($19.9M)
($51.5M)
($15.7M)
Unbilled receivables and retentions
($68.0M)
($142.1M)
($124.1M)
($74.5M)
Inventories
($100.3M)
($92.7M)
($49.4M)
($12.7M)
Income taxes receivable
$712.0K
($38.6M)
($22.2M)
($16.4M)
Prepaid expenses and other assets
($13.4M)
($13.3M)
($12.7M)
($1.7M)
Accounts payable
$12.8M
($17.4M)
($7.8M)
($29.6M)
Other liabilities
($17.8M)
($17.2M)
($2.1M)
($19.7M)
Net cash provided by (used in) operating activities
$13.5M
($173.9M)
($168.8M)
($123.7M)
Acquisition of property and equipment
($44.0M)
($46.1M)
($33.5M)
($22.7M)
Acquisition of capitalized software to be sold
($5.4M)
($17.3M)
($13.3M)
($9.3M)
Purchase of available-for-sale investments
($114.6M)
($335.2M)
($264.2M)
—
Redemption of available-for-sale investments
$55.8M
$21.5M
—
—
Net cash used in investing activities
($108.2M)
($1.2B)
($1.2B)
($876.6M)
Tax withholding payment related to net settlement of equity awards
($9.6M)
($10.9M)
($10.9M)
($10.8M)
Employee stock purchase plan contributions
$5.5M
$4.4M
$2.5M
$2.5M
Other
($1.0K)
($12.0K)
($9.0K)
($5.0K)
Net cash (used in) provided by financing activities
($4.1M)
$1.6B
$1.6B
$1.6B
Effects of currency translation on cash and cash equivalents
($106.0K)
$644.0K
($222.0K)
($128.0K)
Net (decrease) increase in cash and cash equivalents
($98.9M)
$249.0M
$318.6M
$644.9M
Cash and cash equivalents at beginning of period
$377.3M
$40.9M
$40.9M
$40.9M
Cash and cash equivalents at end of period
$278.4M
$289.9M
$359.4M
$685.8M
Income taxes
($272.0K)
$4.3M
$3.2M
($223.0K)
Interest
$321.0K
$12.5M
$12.2M
$11.9M
Unrealized loss on available-for-sale investments
($186.0K)
($15.0K)
($184.0K)
—
Change in foreign currency translation adjustments
$68.0K
$1.0M
$476.0K
$639.0K
Acquisitions of property and equipment included in accounts payable