Wednesday 4 November 2026 Export AVAV’s income statement to Excel — free account

AeroVironment, Inc.

AeroVironment, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $2.0 billion, up 140.9% from fiscal 2025.

Revenue: +5.68%
EPS: +93.1%
Free cash flow: +76.9%
Total debt: +0.60%

Quarter to July 2026, against a year earlier

Revenue growth 5 yrs

112.32 11.21 −9.07%

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Market cap: $6.3B
P/E: 0.0×
Fwd P/E: 268×
Dividend yield: —
F-score: 2/9
Altman Z: 4.84
Beneish M: −1.03
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

AeroVironment, Inc. (AVAV) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
AxS	821	100.00%
Gross margin		38.83%
Operating margin		4.97%
Pre-tax margin		4.83%

Revenue by product or service $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Product sales	1,415 71.60%	693 84.41%	586 81.73%	353 65.32%	241 54.00%	279 70.62%	257 69.90%	212 67.49%	192 71.42%	159 68.18%
Contract services	561 28.40%	128 15.59%	131 18.27%	187 34.68%	205 46.00%	116 29.38%	111 30.10%	102 32.51%	77 28.58%	74 31.82%
Also reported: a second breakdown of the same revenue
Precision Strike and Defense Systems	848 42.91%	359 43.80%	193 26.87%	121 22.32%	76 17.14%	87 22.10%	64 17.37%	65 20.71%	63 23.62%	81 34.83%
Uncrewed Aircraft Systems	364 18.41%	352 42.90%	408 56.88%	—	—	—	—	—	—	—
Cyber and Mission Solutions	345 17.47%	—	—	—	—	—	—	—	—	—
Space and Directed Energy	273 13.83%	—	—	—	—	—	—	—	—	—
Other	146 7.38%	109 13.30%	116 16.25%	—	—	56 14.17%	17 4.56%	11 3.38%	8 2.94%	6 2.64%
UxS	—	—	—	344 63.62%	301 67.47%	—	—	—	—	—
MW	—	—	—	76 14.06%	69 15.38%	—	—	—	—	—
Small UAS	—	—	—	—	—	236 59.72%	226 61.50%	183 58.28%	168 62.41%	146 62.53%
MUAS ISR Contract.	—	—	—	—	—	16 4.01%	—	—	—	—
Haps	—	—	—	—	—	—	61 16.57%	55 17.63%	30 11.02%	0 0.00%
Revenue	1,977	821	717	541	446	395	367	314	268	233

Gross profit by product or service $m, and margin

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Product sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Contract services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Precision Strike and Defense Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2026	FY2025	FY2024	FY2022	FY2021	FY2020	FY2019	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
AxS	1,358 68.70%	821 100.00%	717 100.00%	—	—	—	—	—	—	—	—	—	—	—
SCDE	619 31.30%	—	—	—	—	—	—	—	—	—	—	—	—	—
UxS	—	—	—	301 67.47%	—	—	—	—	—	—	—	—	—	—
Tms	—	—	—	76 17.14%	87 22.10%	64 17.37%	—	—	—	—	—	—	—	—
Muas	—	—	—	69 15.38%	16 4.01%	—	—	—	—	—	—	—	—	—
Small UAS	—	—	—	—	236 59.72%	226 61.50%	—	—	—	—	—	—	—	—
HAPSMobile	—	—	—	—	—	61 16.57%	—	—	—	—	—	—	—	—
Unmanned Aircraft Systems	—	—	—	—	—	—	314 100.00%	229 98.21%	234 100.00%	221 85.18%	209 82.96%	194 80.90%	274 84.22%	250 85.39%
Efficient Energy Systems	—	—	—	—	—	—	—	36 15.41%	30 12.99%	38 14.82%	43 17.04%	46 19.10%	51 15.78%	43 14.61%
Eliminations	—	—	—	—	—	—	—	(32) (13.63%)	(30) (12.99%)	—	—	—	—	—
Other Operating	—	—	—	446	—	—	—	—	—	—	—	—	—	—
Revenue	1,977	821	717	446	395	367	314	233	234	259	252	240	325	293

Operating income by segment $m, and margin

	FY2026	FY2025	FY2024	FY2022	FY2021	FY2020	FY2019	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Small UAS	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tms	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Muas	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other Operating	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
HAPSMobile	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Unmanned Aircraft Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Domestic	1,420 71.85%	391 47.62%	272 37.91%	251 46.51%	262 58.84%	242 61.25%	201 54.74%	151 48.09%	142 52.96%	150 64.22%
International	556 28.15%	430 52.38%	445 62.09%	289 53.49%	183 41.16%	153 38.75%	166 45.26%	163 51.91%	126 47.04%	83 35.78%
Revenue	1,977	821	717	541	446	395	367	314	268	233

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Funded backlog	Q1 FY2027	$1.5B	$1.1B	+36.36%
Remaining performance obligations	Q1 FY2027	$1.5B	$1.1B	+36.70%

	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.