AVAV
AeroVironment, Inc.234.65
-0.67-0.29%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
11.72BP/E (TTM)
-Basic EPS (TTM)
-1.22Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
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.
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