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AeroVironment AVAV Service — Cost of Goods Sold

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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:CostOfGoodsAndServicesSold.

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 itemThree Months Ended / January 31, 2026Three Months Ended / January 25, 2025Nine Months Ended / January 31, 2026Nine Months Ended / January 25, 2025
408,045167,6361,335,229545,577
Cost of sales:
Product sales199,97381,001672,057253,572
Contract services109,27823,436365,15573,701
309,251104,4371,037,212327,273
Gross margin:
Product sales77,84158,752244,327196,916
Contract services20,9534,44753,69021,388

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is AeroVironment's service — cost of goods sold?
AeroVironment (AVAV) reported service — cost of goods sold of $109.28M in Q4 2025.
How has AeroVironment's service — cost of goods sold changed year-over-year?
AeroVironment's service — cost of goods sold increased by 366.3% year-over-year, from $23.44M to $109.28M.
What is the long-term trend for AeroVironment's service — cost of goods sold?
Over 3 years (2022 to 2025), AeroVironment's service — cost of goods sold has grown at a -15.9% compound annual growth rate (CAGR), from $163.9M to $97.64M.
What does service — cost of goods sold mean?
This metric captures the direct costs associated with delivering service contracts, including labor, materials, and overhead directly attributable to service operations. It represents the expense required to maintain and support unmanned systems in the field. Monitoring this helps assess the operational efficiency and cost-to-serve for the company's service segment.

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