What is AeroVironment's unbilled receivables?

AeroVironment (AVAV) reported unbilled receivables of $528.56M in Q4 2025.

How has AeroVironment's unbilled receivables changed year-over-year?

AeroVironment's unbilled receivables increased by 130.2% year-over-year, from $229.65M to $528.56M.

What is the long-term trend for AeroVironment's unbilled receivables?

Over 4 years (2021 to 2025), AeroVironment's unbilled receivables has grown at a 41.8% compound annual growth rate (CAGR), from $71.63M to $290.01M.

AeroVironment AVAV Unbilled Receivables

Unbilled Receivables at other companies

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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

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Return on equity-24.8%—

Debt / equity0.3×-0.1×

Current ratio5.5×+1.3×

Where this comes from

Reported directly by AeroVironment in its filing.

Tagged under the XBRL concept us-gaap:UnbilledReceivablesCurrent.

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 unbilled receivables?: AeroVironment (AVAV) reported unbilled receivables of $528.56M in Q4 2025.
How has AeroVironment's unbilled receivables changed year-over-year?: AeroVironment's unbilled receivables increased by 130.2% year-over-year, from $229.65M to $528.56M.
What is the long-term trend for AeroVironment's unbilled receivables?: Over 4 years (2021 to 2025), AeroVironment's unbilled receivables has grown at a 41.8% compound annual growth rate (CAGR), from $71.63M to $290.01M.