What is AeroVironment's net debt?

AeroVironment (AVAV) reported net debt of $536.14M in Q4 2025.

How has AeroVironment's net debt changed year-over-year?

AeroVironment's net debt increased by 4300.0% year-over-year, from $12.19M to $536.14M.

What is the long-term trend for AeroVironment's net debt?

Over 4 years (2021 to 2025), AeroVironment's net debt has grown at a -25.0% compound annual growth rate (CAGR), from $74.03M to $23.43M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

AeroVironment AVAV Net debt

Discontinued — last reported Q3 '26

Net debt at other companies

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LAD

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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

See full

Return on equity-24.8%—

Debt / equity0.3×-0.1×

Current ratio5.5×+1.3×

Where this comes from

Calculated from AeroVironment’s reported figures.

$826.0Mtotal debt−$289.9Mcash and equivalents=$536.14M

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 net debt?: AeroVironment (AVAV) reported net debt of $536.14M in Q4 2025.
How has AeroVironment's net debt changed year-over-year?: AeroVironment's net debt increased by 4300.0% year-over-year, from $12.19M to $536.14M.
What is the long-term trend for AeroVironment's net debt?: Over 4 years (2021 to 2025), AeroVironment's net debt has grown at a -25.0% compound annual growth rate (CAGR), from $74.03M to $23.43M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.