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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:DepreciationDepletionAndAmortization.

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
Segment adjusted EBITDA$44,476$21,766$145,988$84,806
Depreciation and amortization(54,633)(9,290)(202,960)(27,144)
Impairment of goodwill(151,306)(151,306)
Acquisition-related expenses(6,890)(10,015)(38,876)(13,699)
Amortization of cloud computing arrangement implementation(1,610)(644)(3,849)(1,894)
Stock-based compensation(8,070)(5,381)(28,065)(15,518)
Equity securities investments activity, net(1,405)1,4537,4461,185
Interest expense3,696(248)(9,050)(1,177)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is AeroVironment's D&A?
AeroVironment (AVAV) reported D&A of $54.63M in Q4 2025.
How has AeroVironment's D&A changed year-over-year?
AeroVironment's D&A increased by 488.1% year-over-year, from $9.29M to $54.63M.
What is the long-term trend for AeroVironment's D&A?
Over 3 years (2022 to 2025), AeroVironment's D&A has grown at a -12.3% compound annual growth rate (CAGR), from $60.83M to $41M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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