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AeroVironment AVAV Autonomous Systems — Research And Development Expense

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Other financials

Income statement

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Revenue$408.0M+143%
Gross profit$98.8M+56.3%
Operating income-$179.0M-5,700%
Net income-$156.6M-8,825%
EPS (diluted)-$3.15-5,150%

Balance sheet

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Cash & equivalents$289.9M+517%
Total debt$826.0M+1,296%
Total equity$574.5M-4.2%
Total assets$5.5B+420%

Cash flow

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Operating cash flow-$5.1M+80.2%
CapEx$12.6M+228%
Free cash flow-$17.7M+40.2%

Valuation

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Market cap$8.58B+174%
Enterprise value$9.12B+183%
P/S5.3×+1.1×

Profitability

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Gross margin24.7%-14.8pp
Operating margin-16.4%-20.9pp
Net margin-13.9%-18.4pp
FCF margin-14.2%-29.6pp

Returns & leverage

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Return on equity-24.8%—
Debt / equity0.3×-0.1×
Current ratio5.5×+1.3×

Where this comes from

Reported directly by AeroVironment in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: AeroVironment’s 10-Q, filed March 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AeroVironment's autonomous systems — research and development expense?
AeroVironment (AVAV) reported autonomous systems — research and development expense of $24.14M in Q4 2025.
How has AeroVironment's autonomous systems — research and development expense changed year-over-year?
AeroVironment's autonomous systems — research and development expense increased by 7.3% year-over-year, from $22.5M to $24.14M.
What does autonomous systems — research and development expense mean?
This represents the investment in research and development activities specifically aimed at advancing the technology and capabilities of the Autonomous Systems segment. It includes costs for engineering, prototyping, and testing new unmanned aerial systems.