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AeroVironment AVAV Unbilled Revenue

Unbilled Revenue at other companies

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Kratos Defense & Security SolutionsKTOS
$334.1M+36.8%
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$842.16M+17.0%
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HEICOHEI

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 revenue?
AeroVironment (AVAV) reported unbilled revenue of $528.56M in Q4 2025.
How has AeroVironment's unbilled revenue changed year-over-year?
AeroVironment's unbilled revenue increased by 130.2% year-over-year, from $229.65M to $528.56M.
What is the long-term trend for AeroVironment's unbilled revenue?
Over 4 years (2021 to 2025), AeroVironment's unbilled revenue has grown at a 41.8% compound annual growth rate (CAGR), from $71.63M to $290.01M.
What does unbilled revenue mean?
Revenue earned from work completed but not yet invoiced to the customer.
How do you interpret unbilled revenue?
An increase indicates significant work-in-progress on long-term contracts, while a decrease suggests successful billing and progress toward cash collection.
How does unbilled revenue compare across companies?
Common in project-based industries like aerospace, defense, and construction.