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AeroVironment AVAV Space Cyber And Directed Energy — 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 space cyber and directed energy — research and development expense?
AeroVironment (AVAV) reported space cyber and directed energy — research and development expense of $2.97M in Q4 2025.
What does space cyber and directed energy — research and development expense mean?
This metric measures the investment in research and development activities specifically for the Space, Cyber, and Directed Energy segment. It covers the costs of developing new unmanned systems, directed energy technologies, and cyber capabilities to maintain a competitive edge. This is a primary driver of future innovation and long-term revenue growth in the defense sector.

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