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AVAV Financials Aerovironment Inc

5 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 66.1% per year over the past 4 years.

Financial health

  • Total debt ($748M) exceeds cash ($377M); net debt is $370M.
  • Total debt has grown slower than revenue (40.8% vs 66.1% per year).
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 2.7 years of cash runway.
Revenue & net income
-$265M $856M $2B $0 2022 2023 2024 2025 2026
RevenueNet income
Margins (gross / operating / net)
-16% 12% 40% 0% 2022 2023 2024 2025 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-32% -12% 7% 0% 2022 2023 2024 2025 2026
ROEROA
Free cash flow (CFO − capex)
-$141M -$70M $0 2022 2023 2024 2025 2026
Free cash flow
Cash vs total debt
$0 $374M $748M 2022 2023 2024 2025 2026
CashTotal debt
Cash flow: operating / investing / financing
-$1B $207M $2B $0 2022 2023 2024 2025 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 $2.0B -$265M 25.3% -15.7% -6.0% -4.6% -$141M $748M $377M
2025 $821M $44M 38.8% 5.0% 4.9% 3.9% -$21M $30M $41M
2024 $717M $60M 39.6% 10.0% 7.3% 5.9% -$8M $28M $73M
2023 -$176M -32.0% -21.4% -$3M $135M $133M
2022 -$4M -0.7% -0.5% -$32M $190M $77M

Valuation over time

How the market has priced AVAV against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 215.4 430.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 11.4 22.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is AVAV growing its revenue and profit?

Over the past 4 years, Aerovironment Inc's revenue has grown 66.1% per year. These are computed facts, not advice.

How much debt does AVAV have?

As of FY2026, Aerovironment Inc reported $748M of total debt against $377M of cash.

What is AVAV's profit margin?

In FY2026, gross margin was 25.3%, operating margin -15.7%, and net margin -13.4%.

What is AVAV's P/E ratio?

As of Sep '26, Aerovironment Inc traded at a price-to-earnings ratio of about 213.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.