AeroVironment, Inc.
380.65+0.72 (+0.19%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · AVAV · USD
Key Stats
Market Cap
19.01BP/E (TTM)
-Basic EPS (TTM)
-0.65Dividend Yield
0%Recent Filings
8-K
Stockholders approve equity plan expansion
AeroVironment stockholders approved the amendment and restatement of the 2021 Equity Incentive Plan at the September 25, 2025 annual meeting, adding 1,200,000 shares to the reserve while capping incentive stock options at 5,000,000 shares. This bolsters the company's ability to attract and retain talent through equity awards for employees, executives, and directors. Yet the plan expires for new ISOs after ten years. Strong approval signals investor alignment with compensation strategy.
10-Q
Q1 FY2026 results
AeroVironment's revenue surged 140% year-over-year to $454.7 million in Q1 FY2026 ended August 2, 2025, fueled by the May 2025 BlueHalo acquisition that added $235.3 million in post-close sales across autonomous systems and space/cyber segments, while legacy product sales rose 19% on Switchblade demand but services dipped slightly. Gross margin shrank to 20.9% from 43.0% amid $37.4 million in intangible amortization and a higher mix of lower-margin contracts, driving an operating loss of $69.3 million versus $23.1 million income last year; net loss hit $67.4 million or $(1.44) per diluted share on 46.9 million shares, with anti-dilution flagging no further share inclusion. Cash ballooned to $685.8 million after $968.5 million in stock issuance and $726.9 million in zero-coupon convertible notes due 2030, used to repay $965.3 million in acquisition debt, leaving $725.7 million long-term debt and $338.1 million revolver availability. The BlueHalo deal closed May 1, 2025, for $3.5 billion including $2.6 billion in stock, recognizing $2.3 billion goodwill and $1.1 billion intangibles amortized over 1-10 years. Operating cash flow swung to $(123.7) million use from $28.4 million provision, derived free cash flow at $(155.7) million after $32.1 million capex. Yet integration hurdles loom.
8-K
Q1 revenue surges 140% post-acquisition
AeroVironment's Q1 fiscal 2026 revenue rocketed 140% to $454.7 million, fueled by the May 1, 2025 BlueHalo acquisition that added $235.2 million, while legacy operations grew 16% to $219.5 million. Backlog hit a record $1.1 billion funded, with bookings at $399 million, signaling robust demand in defense domains. Yet GAAP net loss widened to $67.4 million from amortization and integration costs; adjusted EBITDA climbed to $56.6 million. Full-year guidance holds at $1.9-$2.0 billion revenue, but integration risks loom large.
8-K
Exec resigns from AeroVironment
AeroVironment's EVP and General Manager of Loitering Munition Systems, Brett Hush, resigned on August 25, 2025, effective September 5, 2025, to pursue other opportunities. The departure stems from no disagreements over company policies or practices. Leadership transitions can disrupt key defense programs. No successor named yet.
8-K
Over-allotment option exercised
AeroVironment closed the full exercise of its underwriters' over-allotment option on July 15, 2025, issuing 529,234 shares of common stock at $248.00 per share. This generated gross proceeds of $131.3 million and net proceeds of approximately $126.3 million, bolstering the company's liquidity post its July 3 public offering. The additional capital supports ongoing operations amid defense sector demands.
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