AeroVironment, Inc. (AVAV) income statement
NASDAQ · Industrials · Aerospace & Defense · 4,041 employees · CEO Wahid Nawabi
- Price
- $126.11 -6.50%
- Market cap
- $6.41B
- Enterprise value
- $6.98B
- Last report
- Q1 '27 filed 2026-09-10
- Next report
- 2026-12-08 EPS est. $0.46
AeroVironment, Inc. (AVAV) reported revenue of $480M for Q1 '27 (+5.7% year on year), operating income of -$10.9M (-2.3% of revenue) and net income of -$5.07M. Over the last four quarters revenue was $2B.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $181M | $187M | $197M | $189M | $188M | $168M | $275M | $455M | $473M | $408M | $642M | $480M | |
| Cost of revenue | $105M | $119M | $121M | $108M | $115M | $104M | $170M | $360M | $368M | $309M | $439M | $356M | |
| Gross profit | $75.4M | $67.3M | $75.6M | $81.5M | $73.6M | $63.2M | $105M | $95.1M | $104M | $98.8M | $203M | $125M | |
| Research & development | $22M | $25.1M | $97.3M | $24.6M | $28.7M | $22.5M | $82.9M | $33.1M | $36M | $27.1M | $31.5M | $24M | |
| Sales & marketing | $0 | $0 | $457K | $0 | $0 | $0 | $416K | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $0 | $0 | $32.2M | $0 | $0 | $0 | $42.8M | $0 | $0 | $0 | $0 | $112M | |
| Other operating expenses | -$29K | -$30K | -$60.2M | -$28K | -$29K | -$28K | -$35.4M | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $50.2M | $53M | $69.7M | $58.4M | $66.6M | $66.3M | $90.8M | $164M | $134M | $127M | $146M | $135M | |
| Operating income | $25.2M | $14.3M | $5.95M | $23.1M | $7.01M | -$3.09M | $13.8M | -$69.3M | -$30.2M | -$27.7M | $56.9M | -$10.9M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.14M | |
| Interest expense | $1.95M | $114K | $148K | $239K | $690K | $248K | $1.01M | $17.4M | $0 | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | $29K | $30K | -$1.96M | $28K | $29K | $28K | -$22.7M | -$2.36M | $0 | $0 | $230M | -$3.54M | |
| Total non-operating income | -$6.2M | $810K | -$1.72M | -$408K | $316K | $728K | $3.07M | -$13.3M | $10.8M | -$238M | -$67.1M | $3.54M | |
| Income before tax | $19M | $15.1M | $4.23M | $22.7M | $7.32M | -$2.36M | $16.9M | -$82.5M | -$19.4M | -$265M | -$10.2M | -$7.33M | |
| Income tax | $1.14M | $1.26M | -$1.82M | $1.49M | -$221K | -$605K | $223K | -$15.2M | -$2.31M | -$21.6M | $13.9M | -$397K | |
| Net income | $17.8M | $13.9M | $6.05M | $21.2M | $7.54M | -$1.75M | $16.7M | -$67.4M | -$17.1M | -$244M | -$24.1M | -$5.07M | |
| EPS (basic) | $0.66 | $0.50 | $0.22 | $0.76 | $0.27 | -$0.06 | $0.59 | -$1.44 | -$0.34 | -$4.90 | -$0.48 | -$0.10 | |
| EPS (diluted) | $0.66 | $0.50 | $0.22 | $0.75 | $0.27 | -$0.06 | $0.59 | -$1.44 | -$0.34 | -$4.90 | -$0.48 | -$0.10 | |
| Shares (basic, weighted) | 26.9M | 27.9M | 27.9M | 28M | 28M | 28M | 28.1M | 46.9M | 49.7M | 49.7M | 50.1M | 49.8M | |
| Shares (diluted, weighted) | 27M | 28M | 28.1M | 28.3M | 28.1M | 28M | 28.3M | 46.9M | 49.7M | 49.7M | 50.5M | 49.8M | |
| Depreciation & amortization | $8.44M | $9.58M | $10.8M | $8.85M | $9M | $9.29M | $13.9M | $90.3M | $58.1M | $54.6M | $62.1M | $56M | |
| EBITDA | $33.6M | $23.9M | $18.7M | $31.9M | $16M | $6.18M | $50.3M | $23.3M | $27.8M | $26.9M | -$111M | $48.7M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $233M | $268M | $314M | $367M | $395M | $446M | $541M | $717M | $821M | $1.98B | |
| Cost of revenue | $136M | $161M | $186M | $214M | $230M | $304M | $367M | $433M | $498M | $1.48B | |
| Gross profit | $97.4M | $108M | $128M | $153M | $165M | $141M | $174M | $284M | $323M | $501M | |
| Research & development | $58.2M | $67.5M | $95M | $54.6M | $105M | $114M | $135M | $160M | $159M | $128M | |
| Sales & marketing | $227K | $526K | $897K | $934K | $675K | $451K | $494K | $457K | $416K | $0 | |
| General & administrative | $46.6M | $49.3M | $55M | $59.4M | $59.8M | $95M | $96.8M | $112M | $158M | $0 | |
| Other operating expenses | -$28.4M | -$40M | -$56.4M | -$8.93M | -$44.4M | -$58.1M | $120M | -$60.3M | -$35.4M | $0 | |
| Operating expenses | $76.7M | $77.3M | $94.6M | $106M | $121M | $151M | $352M | $212M | $282M | $571M | |
| Operating income | $20.8M | $30.4M | $33.8M | $47.1M | $43.3M | -$9.89M | -$179M | $71.8M | $40.8M | -$70.3M | |
| Interest income | $1.62M | $2.24M | $4.67M | $4.83M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $0 | $0 | $0 | $0 | $618K | $5.44M | $9.37M | $4.22M | $2.19M | $5.61M | |
| Other non-operating income (gains on investments, FX ...) | -$1.34M | -$1.02M | -$4.4M | $832K | -$6.97M | -$938K | -$191M | -$1.87M | -$22.6M | $230M | |
| Total non-operating income | $1.67M | $908K | $12.7M | $48K | -$19.4M | -$4.67M | -$12.2M | -$10.3M | $3.71M | -$218M | |
| Income before tax | $22.4M | $31.3M | $46.5M | $47.2M | $23.9M | -$14.6M | -$191M | $61.6M | $44.5M | -$288M | |
| Income tax | $4.76M | $9.8M | $4.64M | $5.85M | $539K | -$10.4M | -$14.7M | $1.89M | $882K | -$23.1M | |
| Net income | $13.1M | $17.9M | $47.4M | $41.1M | $23.3M | -$4.19M | -$176M | $59.7M | $43.6M | -$265M | |
| EPS (basic) | $0.57 | $0.86 | $2.00 | $1.74 | $1.41 | -$0.36 | -$6.94 | $2.19 | $1.56 | -$5.40 | |
| EPS (diluted) | $0.56 | $0.84 | $1.97 | $1.72 | $1.39 | -$0.36 | -$6.94 | $2.18 | $1.55 | -$5.40 | |
| Shares (basic, weighted) | 23.1M | 23.5M | 23.7M | 23.8M | 24M | 24.7M | 25M | 27.2M | 28M | 49.1M | |
| Shares (diluted, weighted) | 23.3M | 23.8M | 24.1M | 24.1M | 24.4M | 24.7M | 25M | 27.3M | 28.2M | 49.1M | |
| Depreciation & amortization | $5.05M | $5.98M | $7.67M | $9.89M | $19.3M | $60.8M | $100M | $35.7M | $41M | $265M | |
| EBITDA | $27.2M | $37.4M | $45.9M | $56.2M | $69.5M | $51.9M | $112M | $109M | $104M | -$35M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-01, 10-K 2026-04-30, 10-Q 2026-01-31, 10-Q 2025-11-01, 10-Q 2025-08-02, 10-K 2025-04-30, 10-Q 2025-01-25, 10-Q 2024-10-26, 10-Q 2024-07-27
Data as of 2026-11-02