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AeroVironment AVAV
$ 149.51 -5.81%
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Annual report 2026
added 06-29-2026

AeroVironment Income Statement 2026-2009 | AVAV

Brief overview of profit and loss at AeroVironment

This overview is based on financial performance over the past five years. AeroVironment reported revenue of $367 million in 2020 and $821 million by 2025. The five-year change reached +123.4%, while CAGR stood at 17.4%. Revenue followed a strong upward trend without signs of stagnation.

Gross profit changed from 153 million dollars to 319 million dollars (+108.1%). Cost of revenue developed less favorably than sales and pressured gross profitability. Comparing the endpoints gives gross margins of 41.7% and 38.8%. A lower margin indicates deterioration in the economics of the core business.

The five-year EBITDA result moved by +43.4%: from 57 million dollars to 81.8 million dollars. Operating performance weakened relative to revenue. EBITDA margin moved from 15.5% to 10%. A lower EBITDA share weakens the quality of the result.

The five-year change in net income was +6.2%: from 41.1 million dollars to 43.6 million dollars. Net income did not provide a strong directional signal.

Market capitalization changed from 1.7 billion dollars to 4.9 billion dollars (+189.5%). The market value rose well beyond the pace of financial improvement.

Conclusion

The figures do not all move in the same direction. The constructive conclusion rests on revenue expansion and improving net profitability. The weaker side of the profile includes pressure from direct costs and a declining EBITDA margin. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement AeroVironment

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

Market Cap

6.82 B 4.88 B 4.74 B 4.36 B 2.25 B 1.49 B 1.69 B 1.57 B 1.36 B 716 M 674 M 591 M 718 M 463 M 481 M 641 M 527 M -

Shares

49.1 M 28 M 27.2 M 25 M 24.7 M 24 M 23.8 M 23.7 M 23.5 M 23.1 M 22.9 M 22.9 M 22.4 M 22.1 M 21.8 M 21.6 M 21.4 M -

Historical Prices

139 174 174 174 91.1 62 86.9 61.7 68 56.2 26.8 29.5 27.2 29.1 21.7 31.5 24.6 28.5

Net Income

-265 M 43.6 M 59.7 M -176 M -4.18 M 23.3 M 41.1 M 47.4 M 20.1 M 12.5 M 8.97 M 2.9 M 13.7 M 10.4 M 30.5 M 25.9 M 20.7 M -

Revenue

1.98 B 821 M 717 M 541 M 446 M -10.5 M 367 M 314 M 271 M 265 M 264 M 259 M 252 M 240 M 325 M 293 M 250 M -

Cost of Revenue

1.48 B 502 M 433 M 367 M 304 M 230 M 214 M 186 M 162 M 163 M 152 M 155 M 158 M 148 M 196 M 175 M 153 M -

Gross Profit

501 M 319 M 284 M 174 M 141 M 165 M 153 M 128 M 109 M 102 M 112 M 104 M 93.6 M 92.5 M 129 M 117 M 96.8 M -

Operating Income

-311 M 40.8 M 71.8 M -179 M -9.89 M 43.3 M 47.1 M 33.8 M 30.4 M 20.8 M 20.1 M 2.01 M 12.4 M 3.8 M 43.1 M 34 M 29.9 M -

Interest Expense

11 M 1.06 M -4.37 M -346 K -10.3 M -8.33 M 707 K 12 M -49 K 172 K -2.59 M -1 M 1.62 M 6.24 M - - - -

EBITDA

-46 M 81.8 M 108 M -78.7 M 50.9 M 62.6 M 57 M 41.5 M 37.6 M 19.6 M 15.8 M 10.4 M 21.6 M 14.7 M 52 M 44.6 M 38.9 M -

Operating Expenses

- - - - - - 106 M 94.6 M 77.3 M 89.6 M 102 M 102 M 81.2 M 88.7 M 86.3 M 83.2 M - -

General and Administrative Expenses

443 M 159 M 114 M 132 M 96.4 M 67.5 M 59.5 M 60.3 M 50.8 M 56.5 M 60.1 M 55.8 M 55.7 M 51.5 M 55.3 M 47.4 M 42.4 M -

All numbers in USD currency

Quarterly Income Statement AeroVironment

2026-Q3 2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

49.7 M 49.7 M 46.9 M 28 M 28 M 28 M 27.9 M 26.9 M 26.1 M 24.7 M - - 25 M 23.9 M 24.6 M 24.6 M 24.8 M 23.8 M 23.9 M 23.9 M 23.9 M 23.7 M 23.8 M 23.8 M 23.7 M 23.5 M 23.7 M 23.7 M 23.6 M 23.1 M 23.5 M 23.5 M 23.3 M 22.9 M 23 M 23 M 23 M 22.9 M 23 M 23 M 22.9 M 22.3 M 22.9 M 22.9 M 22.8 M 22.1 M 22.3 M 22.3 M 22.2 M 21.8 M 22 M 22 M 21.9 M 21.6 M 21.8 M 21.7 M 21.7 M

Net Income

-244 M -17.1 M -67.4 M -1.75 M 7.54 M 21.2 M 13.9 M 17.8 M 21.9 M -35 K - - - 258 K 2.56 M -11.4 M - -1.03 M 2.07 M 2.07 M 10 M 8.35 M 7.5 M 7.5 M 17.1 M -785 K 6.05 M 6.05 M 27.3 M -2.18 M 7.52 M 6.81 M -4.47 M 6.16 M -4.17 M -11.6 M -11.6 M 2.32 M 4.42 M 4.42 M -6.98 M 11.2 M -2.9 M -2.9 M -3.61 M 3.87 M 1.66 M 1.66 M -7.21 M 5.74 M 8.74 M 8.74 M -1.39 M 11.5 M 6.59 M 326 K -

Revenue

408 M 473 M 455 M 168 M 188 M 189 M 187 M 181 M 152 M 134 M - - 25 M 90.1 M 1.13 M -8 K 136 M 61.9 M 92.7 M 180 M -1.29 M 75.3 M 83.3 M 83.3 M 86.9 M 54.6 M 73 M 73 M 78 M 41.9 M 65.8 M 73.8 M 43.8 M 67.6 M 40.8 M 50.1 M 36.2 M 68.4 M 64.7 M 64.7 M 47 M 69.2 M 52.7 M 52.7 M 51.9 M 47.1 M 64.9 M 64.9 M 44.1 M 72 M 80.3 M 80.3 M 58.7 M 84.4 M 80.4 M 80.4 M 62 M

Cost of Revenue

309 M 368 M 360 M 104 M 115 M 108 M 119 M 105 M 86.7 M 68.7 M - - - 50.1 M 79.6 M 152 M - 38.4 M 51.8 M 51.8 M 52 M 44.9 M 48.1 M 48.1 M 45.6 M 43.3 M 44.6 M 44.6 M 45.5 M 33.8 M 42.8 M 75 M - 40.9 M 32.7 M 32.7 M 29.5 M 41.4 M 33.2 M 33.2 M 31 M 42.2 M 34.8 M 34.8 M 37.8 M 27.4 M 41 M 41 M 31.6 M 44.5 M 44.6 M 44.6 M 39.2 M 50.3 M 49.7 M 90 M 40.3 M

Gross Profit

98.8 M 104 M 95.1 M 63.2 M 73.6 M 81.5 M 67.3 M 75.4 M 65.7 M 21.4 M - - - 28.6 M 42.5 M 71.2 M 59.7 M 23.5 M 40.9 M 40.9 M 35.4 M 30.4 M 35.2 M 35.2 M 41.3 M 30.4 M 28.4 M 28.4 M 32.6 M 18.2 M 28.4 M 31 M 11.6 M 26.6 M 30.1 M 17.4 M 6.68 M 27 M 31.5 M 31.5 M 16 M 27.1 M 17.9 M 17.9 M 14.1 M 19.7 M 23.9 M 23.9 M 12.5 M 27.4 M 35.6 M 35.6 M 19.5 M 34.1 M 30.6 M 30.6 M 21.7 M

Operating Income

-268 M -30.2 M -69.3 M -3.09 M 7.01 M 23.1 M 14.3 M 25.2 M 26.4 M -14.1 M - - - -642 K 3.34 M -8.77 M - -1.11 M 13.9 M 13.9 M 12.3 M 7.84 M 8.05 M 8.05 M 18.9 M 159 K 6.64 M 6.64 M 14.2 M -1.42 M 10.5 M 9.26 M -8.16 M 5.06 M -4.49 M -4.49 M -15.6 M 5.15 M 6.9 M 6.9 M -9.06 M 8.64 M -4.13 M -4.13 M -6.47 M -1.07 M 3.93 M 3.93 M -7.1 M 7.33 M 13.1 M 13.1 M -2.25 M 15.7 M 9.57 M 10 M 429 K

Interest Expense

-400 K 4.95 M 2.36 M 976 K 16 K -234 K 1 M -2.86 M -1.13 M 34 K - - - -37 K -10 M -10.4 M - 120 K 72 K 72 K 33 K 962 K 157 K 157 K 355 K -108 K 1.29 M 1.29 M 8.39 M -38 K -55 K -55 K 4 K -215 K -130 K -130 K -300 K -284 K -192 K -192 K -2.39 M 4.68 M -583 K -583 K 591 K 49 K -2.31 M -3.39 M - - - - - - - - -

EBITDA

-214 M 27.9 M 21 M 24.1 M 24.9 M 31.9 M 39.3 M 40.6 M 33.3 M -7.22 M - - - -20 K 12 M 21.2 M - -333 K 21 M 19.6 M 15.1 M 7.94 M 13.6 M 12.5 M 21 M 159 K 10.9 M 10.2 M 15.9 M -1.42 M 15.7 M 13 M -6.3 M 5.06 M 60 K -1.09 M -13.9 M 5.15 M 13.3 M 9.67 M -7.66 M 8.64 M 2.67 M 173 K -4.28 M -1.07 M 12.3 M 8.44 M -4.92 M 7.33 M 19.5 M 19 M 680 K 15.7 M 17.7 M 14.1 M 2.4 M

General and Administrative Expenses

99.4 M 98.3 M 131 M 43.8 M 37.9 M 33.8 M 27.8 M 28.1 M 23.8 M 22.5 M - - - 15.7 M 24.8 M 51.9 M - 13.2 M 15 M 15 M 12 M 14.5 M 16.3 M 16.3 M 13.7 M 11.5 M 13.6 M 13.6 M 12 M 12.8 M 12.8 M 14.5 M 13.3 M 13.3 M 13.4 M 13.4 M 13.7 M 13.3 M 14.7 M 14.7 M 15.3 M 13.2 M 13.5 M 13.5 M 13.4 M 10.4 M 13.1 M 13.1 M 12.5 M 12.9 M 13.2 M 13.2 M 13.6 M 10.6 M 12.2 M 25.9 M 13.7 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company AeroVironment (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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