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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$641.6M+133%
Gross profit$202.6M+102%
Operating income$56.9M+312%
Net income$63.2M+279%
EPS (diluted)$1.25+112%

Balance sheet

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Cash & equivalents$377.3M+823%
Total debt$106.6M+65.7%
Total equity$574.5M-4.2%
Total assets$5.7B+410%

Cash flow

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Operating cash flow$173.8M+65,948%
CapEx-$46.1M-640%
Free cash flow$127.8M+1,554%

Valuation

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Market cap$8.51B-34.9%
Enterprise value$8.23B-37.7%
P/S4.3×-7.7×

Profitability

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Gross margin25.3%-13.5pp
Operating margin-11.2%-16.2pp
Net margin-9%-14.3pp
FCF margin-4.7%+6.6pp

Returns & leverage

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Return on equity-24.8%
Debt / equity0.3×-0.1×
Current ratio4.3×+0.8×

Where this comes from

Reported directly by AeroVironment in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: AeroVironment’s 10-Q, filed March 11, 2026.

Filed
Mar 11, 2026, 12:00 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-025979
Line itemAx SSCDETotal
Intangible amortization included in cost of sales7,1045,57912,683
SG&A less intangible amortization44,33623,89868,234
Intangible amortization included in SG&A10,03521,14531,180
Research and development24,1422,97027,112
Impairment of goodwill151,306151,306
Add:
Depreciation7,0693,70110,770
Amortization17,13926,72443,863

ITEM 1. FINANCIAL STATEMENTS

FAQ

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.

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