What is AeroVironment's R&D?

AeroVironment (AVAV) reported R&D of $27.11M in Q4 2025.

How has AeroVironment's R&D changed year-over-year?

AeroVironment's R&D increased by 20.5% year-over-year, from $22.5M to $27.11M.

What is the long-term trend for AeroVironment's R&D?

Over 4 years (2021 to 2025), AeroVironment's R&D has grown at a 17.0% compound annual growth rate (CAGR), from $53.76M to $100.73M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

AeroVironment AVAV R&D

R&D at other companies

Kratos Defense & Security SolutionsKTOS

$10.7M+7.0%

TTM TechnologiesTTMI

$7.81M-3.2%

Honeywell InternationalHON

$492M+18.3%

TextronTXT

$120M-9.1%

Moog Inc.MOG.B

$26.66M+8.9%

ViasatVSAT

$41.52M+23.1%

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:ResearchAndDevelopmentExpense.

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 R&D?: AeroVironment (AVAV) reported R&D of $27.11M in Q4 2025.
How has AeroVironment's R&D changed year-over-year?: AeroVironment's R&D increased by 20.5% year-over-year, from $22.5M to $27.11M.
What is the long-term trend for AeroVironment's R&D?: Over 4 years (2021 to 2025), AeroVironment's R&D has grown at a 17.0% compound annual growth rate (CAGR), from $53.76M to $100.73M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.