Aerovironment Inc income statement
In fiscal 2026, Aerovironment Inc reported revenue of $1.98bn, up 140.9% on the year before, operating income of −$311m (a -15.7% margin) and net income of −$265m, or −$5.40 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Apr 2010 | 2011Apr 2011 | 2012Apr 2012 | 2013Apr 2013 | 2014Apr 2014 | 2015Apr 2015 | 2016Apr 2016 | 2017Apr 2017 | 2018Apr 2018 | 2019Apr 2019 | 2020Apr 2020 | 2021Apr 2021 | 2022Apr 2022 | 2023Apr 2023 | 2024Apr 2024 | 2025Apr 2025 | 2026Apr 2026 | LTMAug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 250 | 293 | 325 | 240 | 252 | 259 | 234 | 229 | 271 | 314 | 367 | 395 | 446 | 541 | 717 | 821 | 1,977 | 2,003 |
| Cost of revenue | 153 | 175 | 196 | 148 | 158 | 155 | 128 | 134 | 162 | 186 | 214 | 230 | 304 | 367 | 433 | 502 | 1,476 | 1,473 |
| Gross profit | 97 | 117 | 129 | 93 | 94 | 104 | 106 | 97 | 108 | 128 | 153 | 165 | 141 | 174 | 284 | 319 | 501 | 530 |
| Research and development | 25 | 36 | 31 | 37 | 26 | 46 | 35 | 28 | 26 | 34 | 46 | 54 | 55 | 64 | 98 | 101 | 128 | 119 |
| Selling, general and administrative | 42 | 47 | 55 | 52 | 56 | 56 | 50 | 48 | 51 | 60 | 59 | 67 | 96 | 132 | 114 | 159 | 443 | 423 |
| Operating income | 30 | 34 | 43 | 4 | 12 | 2 | 20 | 21 | 30 | 34 | 47 | 43 | −10 | −179 | 72 | 41 | −311 | −253 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 24 | — |
| Income before tax | 30 | 34 | 44 | 11 | 15 | 2 | 18 | 22 | 31 | 47 | 47 | 24 | −13 | −191 | 62 | 45 | −288 | −211 |
| Income tax | 9 | 8 | 13 | 0 | 1 | −1 | 3 | 5 | 10 | 5 | 6 | 1 | −10 | −15 | 2 | 1 | −23 | −8 |
| Net income | 21 | 26 | 30 | 10 | 14 | 3 | 9 | 13 | 18 | 47 | 41 | 23 | −4 | −176 | 60 | 44 | −265 | −203 |
| Diluted EPS | $0.94 | $1.17 | $1.36 | $0.47 | $0.60 | $0.13 | $0.39 | $0.56 | $0.75 | $1.97 | $1.71 | $0.96 | −$0.17 | −$7.04 | $2.18 | $1.55 | −$5.40 | −$4.07 |
| Diluted shares (average) | 22m | 22m | 22m | 22m | 23m | 23m | 23m | 23m | 24m | 24m | 24m | 24m | 25m | 25m | 27m | 28m | 49m | 50m |
| EBITDA | 39 | 45 | 52 | 15 | 22 | 10 | 24 | 26 | 36 | 41 | 57 | 63 | 51 | −79 | 108 | 82 | −46 | −22 |
| Quarter | 2025 Q2Oct 2024 | 2025 Q3Jan 2025 | 2025 Q4Apr 2025 | 2026 Q1Aug 2025 | 2026 Q2Nov 2025 | 2026 Q3Jan 2026 | 2026 Q4Apr 2026 | 2027 Q1Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 188 | 168 | 275 | 455 | 473 | 408 | 642 | 480 |
| Cost of revenue | 115 | 104 | 175 | 360 | 368 | 309 | 439 | 356 |
| Gross profit | 74 | 63 | 100 | 95 | 104 | 99 | 203 | 125 |
| Research and development | 29 | 22 | 25 | 33 | 36 | 27 | 31 | 24 |
| Selling, general and administrative | 38 | 44 | 43 | 131 | 98 | 99 | 114 | 112 |
| Operating income | 7 | −3 | 14 | −69 | −30 | −268 | 57 | −11 |
| Income before tax | 6 | −2 | 18 | −84 | −21 | −265 | 82 | −7 |
| Income tax | −0 | −1 | 0 | −15 | −2 | −22 | 16 | −0 |
| Net income | 8 | −2 | 17 | −67 | −17 | −244 | 63 | −5 |
| Diluted EPS | $0.27 | −$0.06 | $0.59 | −$1.44 | −$0.34 | −$4.90 | $1.33 | −$0.10 |
| EBITDA | 16 | 6 | 28 | 21 | 28 | −214 | 119 | 45 |
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