Aerovironment Inc (AVAV) financials
Aerovironment revenue and earnings by year
Aerovironment's revenue was $1.98 billion in the fiscal year to April 30, 2026, up 140.9% from the year before. Net income was -$265 million, -13.4% of revenue. Since the fiscal year to April 30, 2017, revenue has grown 26.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.98 | 0.82 | 0.72 | 0.54 | 0.45 | 0.39 | 0.37 | 0.31 | 0.27 | 0.23 |
| Revenue growth | 140.9% | 14.5% | 32.6% | 21.3% | 12.9% | 7.5% | 16.9% | 17.1% | 15.2% | — |
| Gross profit | 0.50 | 0.32 | 0.28 | 0.17 | 0.14 | 0.16 | 0.15 | 0.13 | 0.11 | 0.10 |
| Gross margin | 25.3% | 38.8% | 39.6% | 32.1% | 31.7% | 41.7% | 41.7% | 40.9% | 40.1% | 41.6% |
| Operating income | -0.31 | 0.04 | 0.07 | -0.18 | -0.01 | 0.04 | 0.05 | 0.03 | 0.03 | 0.02 |
| Operating margin | -15.7% | 5.0% | 10.0% | -33.1% | -2.2% | 11.0% | 12.8% | 10.8% | 11.3% | 8.9% |
| Net income | -0.27 | 0.04 | 0.06 | -0.18 | -0.00 | 0.02 | 0.04 | 0.05 | 0.02 | 0.01 |
| Net margin | -13.4% | 5.3% | 8.3% | -32.6% | -0.9% | 5.9% | 11.2% | 15.1% | 6.7% | 5.6% |
| Diluted EPS | -$5.40 | $1.55 | $2.18 | -$7.04 | -$0.18 | $0.96 | $1.71 | $1.97 | $0.75 | $0.52 |
| Free cash flow | -0.16 | -0.02 | -0.01 | -0.00 | -0.03 | 0.08 | 0.01 | 0.02 | 0.06 | -0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AVAV in Markets.
How Aerovironment makes money
Revenue by segment in the quarter to August 1, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Autonomous Systems | $346M | 72.0% |
| Space Cyber & Directed Energy | $135M | 28.0% |
See also: AVAV valuation and P/E history · AVAV returns
No forecast, no recommendation. This page describes Aerovironment Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.