AVAV on Nasdaq

AeroVironment

Logo: Avincreports, CC0, via Wikimedia Commons5

American unmanned aerial vehicle manufacturer

AeroVironment, Inc., also known as AV, is an American defense technology company headquartered in Arlington, Virginia that designs and manufactures autonomous systems, counter-UAS systems, and space systems. The company was founded in 1971 by Paul B. MacCready Jr., a designer of human-powered aircraft. The company provides the US Department of Defense and foreign militaries with small and medium-sized drones—notably the Raven, Switchblade, Wasp, and Puma.3 It was founded by Paul MacCready.1 Its shares trade on Nasdaq under the symbol AVAV.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$2.0BRevenue, fiscal 20266
-$265.1MNet income, fiscal 20266
1971Founded1

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  • TickerAVAV on Nasdaq1
  • Industryaerospace industry1
  • HeadquartersSimi Valley1
  • Websitewww.avinc.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address241 18Th Street South, Suite 650, Arlington, Va 222027
  • Filer categoryLarge accelerated filer7
  • LEI529900PGHVI29YLZ62214
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 41759154

AeroVironment, Inc., also known as AV, is an American defense technology company headquartered in Arlington, Virginia that designs and manufactures autonomous systems, counter-UAS systems, and space systems. The company was founded in 1971 by Paul B. MacCready Jr., a designer of human-powered aircraft. The company provides the US Department of Defense and foreign militaries with small and medium-sized drones—notably the Raven, Switchblade, Wasp, and Puma. Through its acquisition of BlueHalo in 2025, the company provides directed energy and space communications systems to U.S. and foreign militaries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

25.3%Gross margin6
-15.7%Operating margin6
-13.4%Net margin6
140.9%Revenue growth, 20266
-6.0%Return on equity6
0.17×Debt to equity6
-$140.9MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Precision Strike and Defense Systems brought in 43% of the revenue AeroVironment broke down this way in fiscal 2026.

  1. Precision Strike and Defense Systems$848.3M643%up 136% from 2025
  2. Uncrewed Aircraft Systems$363.9M618%up 3% from 2025
  3. Cyber and Mission Solutions$345.4M617%
  4. Space and Directed Energy$273.4M614%
  5. Product and Service, Other$145.9M67%up 34% from 2025
Products and services by year
Products and services202420252026
Precision Strike and Defense Systems$192.6M$359.4M$848.3M
Uncrewed Aircraft Systems$407.7M$352.0M$363.9M
Cyber and Mission Solutions$345.4M
Space and Directed Energy$273.4M
Product and Service, Other$116.5M$109.2M$145.9M

Business segments

Autonomous Systems brought in 69% of the revenue AeroVironment broke down this way in fiscal 2026.

  1. Autonomous Systems$1.4B669%up 65% from 2025
  2. Space, Cyber and Directed Energy$618.8M631%
Business segments by year
Business segments202420252026
Autonomous Systems$716.7M$820.6M$1.4B
Space, Cyber and Directed Energy$618.8M

Regions

Geographic Distribution, Domestic brought in 72% of the revenue AeroVironment broke down this way in fiscal 2026.

  1. Geographic Distribution, Domestic$1.4B672%up 264% from 2025
  2. International$556.4M628%up 29% from 2025
Regions by year
Regions202420252026
Geographic Distribution, Domestic$271.7M$390.7M$1.4B
International$445.0M$429.9M$556.4M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue71¢$1.5B
  • Research and development6¢$127.7M
  • Selling, general and admin21¢$443.3M
  • Income tax1¢$23.1M

Out of $2.0B in revenue.6 The company lost money this year.

Financial statements

Revenue10111213146$2.0B in 2026+529% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $314.3M$314.3M20192020: $367.3M$367.3M2020+17%2021: $394.9M$394.9M2021+8%2022: $445.7M$445.7M2022+13%2023: $540.5M$540.5M2023+21%2024: $716.7M$716.7M2024+33%2025: $820.6M$820.6M2025+14%2026: $2.0B$2.0B2026+141%
Gross profit10111213146$500.6M in 2026+290% since 2019
0$200.0M$400.0M$600.0M2019: $128.4M$128.4M20192020: $153.1M$153.1M2020+19%2021: $164.6M$164.6M2021+7%2022: $141.2M$141.2M2022−14%2023: $173.5M$173.5M2023+23%2024: $283.9M$283.9M2024+64%2025: $318.6M$318.6M2025+12%2026: $500.6M$500.6M2026+57%
Operating income10111213146-$311.0M in 2026
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2019: $33.8M$33.8M20192020: $47.1M$47.1M2020+39%2021: $43.3M$43.3M2021−8%2022: -$9.9M-$9.9M20222023: -$178.7M-$178.7M2023+1707%2024: $71.8M$71.8M20242025: $40.8M$40.8M2025−43%2026: -$311.0M-$311.0M2026
Net income10111213146-$265.1M in 2026
-$300.0M-$200.0M-$100.0M0$100.0M2019: $47.4M$47.4M20192020: $41.1M$41.1M2020−13%2021: $23.3M$23.3M2021−43%2022: -$4.2M-$4.2M20222023: -$176.2M-$176.2M2023+4109%2024: $59.7M$59.7M20242025: $43.6M$43.6M2025−27%2026: -$265.1M-$265.1M2026

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-04-302025-04-302024-04-30
Revenue$2.0B$820.6M$716.7M
Cost of sales$1.5B$502.0M$432.8M
Total gross margin$500.6M$318.6M$283.9M
Selling, general and administrative$443.3M$158.8M$114.4M
Research and development$127.7M$100.7M$97.7M
Impairment of goodwill$240.7M$18.4M
(Loss) income from operations-$311.0M$40.8M$71.8M
Interest expense, net-$5.6M-$2.2M-$4.2M
Other income (expense), net$11.0M$1.1M-$4.4M
(Loss) income before income taxes-$305.6M$39.7M$63.2M
(Benefit from) provision for income taxes-$23.1M$882.0K$1.9M
Equity method investment income (loss), net of tax$17.4M$4.8M-$1.7M
Net (loss) income-$265.1M$43.6M$59.7M
Basic (in dollars per share)-$5.40$1.56$2.19
Diluted (in dollars per share)-$5.40$1.55$2.18
Basic (in shares)49.1M shares28.0M shares27.2M shares
Diluted (in shares)49.1M shares28.2M shares27.3M shares

Compare AeroVironment with another company

Corporate structure

AeroVironment sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AeroVironment

  • BlackRock Filed SCHEDULE 13G/A on AeroVironment, latest Jul 27, 2026 (7 filings since Feb 7, 2022)
  • Altitude V Holdings, LLC Filed SCHEDULE 13D/A on AeroVironment, latest Jun 24, 2026 (2 filings since May 8, 2025)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on AeroVironment, latest Mar 26, 2026 (5 filings since Feb 9, 2022)
  • State Street Corporation Filed SCHEDULE 13G on AeroVironment, latest Aug 11, 2025 (4 filings since Feb 6, 2023)
  • BAILLIE GIFFORD & CO Filed SCHEDULE 13G on AeroVironment, latest Aug 8, 2025 (2 filings since Nov 4, 2024)
  • AMERICAN CAPITAL MANAGEMENT INC Filed SC 13G/A on AeroVironment, latest Feb 14, 2024 (2 filings since Feb 14, 2022)
  • AeroVironment Simi Valley, California, United States
    • Arcturus UAV, Inc. Subsidiary · California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AeroVironment reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$373.0M6 Apr 30, 2026$230.4M6 Apr 30, 2025+61.9%
Accumulated depreciation$206.3M6 Apr 30, 2026$179.7M6 Apr 30, 2025+14.8%
Property and equipment, net$166.7M6 Apr 30, 2026$50.7M6 Apr 30, 2025+228.8%
Operating-lease assets (leased space)$100.4M6 Apr 30, 2026$31.9M6 Apr 30, 2025+214.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$377.3M6 Apr 30, 2026$40.9M6 Apr 30, 2025+823.4%
Marketable securities, current$255.0M6 Apr 30, 2026$24.7M12 Apr 30, 2022+931.6%
Debt securities available for sale$06 Apr 30, 2025$012 Apr 30, 2023
Stakes in other companies (equity method)$30.4M14 Apr 30, 2025$19.9M14 Apr 30, 2024+52.6%
Long-term investments$81.1M6 Apr 30, 2026$31.6M6 Apr 30, 2025+156.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.5B6 Apr 30, 2026$256.8M6 Apr 30, 2025+871.1%
Intangible assets, net (excluding goodwill)$929.8M6 Apr 30, 2026$48.7M6 Apr 30, 2025+1808.9%
Accumulated amortization$341.7M6 Apr 30, 2026$137.2M6 Apr 30, 2025+149.1%
Finite-lived intangibles, net$714.4M6 Apr 30, 2026$46.3M14 Apr 30, 2025+1442.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$312.9M6 Apr 30, 2026$144.1M6 Apr 30, 2025+117.1%
Raw materials$156.2M6 Apr 30, 2026$52.6M6 Apr 30, 2025+197.1%
Work in process$73.3M6 Apr 30, 2026$73.4M6 Apr 30, 2025−0.2%
Finished goods$120.0M6 Apr 30, 2026$46.8M6 Apr 30, 2025+156.5%

Properties, in its own words

As of April 30, 2026, our facilities are primarily leased. Our corporate headquarters are located in Arlington, Virginia where we currently occupy approximately 7,400 square feet under an amended lease agreement expiring in August 2030. We also lease (i) a total of approximately 280,000 square feet of space in Simi Valley, California, which leases expire between 2027 and 2030, (ii) a total of approximately 200,000 square feet of space in Albuquerque, New Mexico, which leases expire between 2028 and 2034, (iii) a total of approximately 150,000 square feet of space in Huntsville, Alabama, which leases expire between 2026 and 2029, and (iv) approximately 150,000 square feet of space in Moorpark, California, for which the lease expires in 2030. These locations are used for administration and to design, engineer, test and manufacture, and (v) other facilities in California, Maryland, Florida, Virginia, Pennsylvania, Kansas, Colorado, Minnesota, Oklahoma, Texas and Ohio. We have international locations in Hampton Bishop, United Kingdom, used for business development and program management support, and Stuttgart, Germany, which facilities are used for administration, research and development, logistics, testing and manufacturing of UGV products.

As of April 30, 2026, our business segments of AxS and SCDE had significant operations at the following locations listed alphabetically:

The rest of Item 2

● · AxS: Centreville, VA; Huntsville, AL; Lawrence, KS; Leesburg, VA; Moorpark, CA; Petaluma, CA; ; Pottstown, PA; San Luis Obispo, CA; Simi Valley, CA; Sunrise, FL; Stuttgart, Germany.

● · SCDE: Albuquerque, NM; Annapolis Junction, MD; Dayton, OH; Herndon, VA; Huntsville, AL; Germantown, MD.

● · Corporate: Arlington, VA; Herndon, VA and Simi Valley, CA.

Item 2 of the 10-K filed Jun 29, 2026.19

The story

Founded by Paul MacCready in 1971.1

On January 7, 2024, AeroVironment was sanctioned by the Chinese government due to U.S. arms sales to Taiwan. On March 4, 2025, the Chinese Ministry of Commerce placed 15 U.S. entities (including AeroVironment) on its export control list, barring the export of dual-use commodities to that business.

In May 2025, AeroVironment announced it had completed its acquisition of BlueHalo, a developer of space, cyber, and counter-UAS defense technologies, from Arlington Capital Partners, in an all-stock deal with a transaction value of approximately $4.1 billion.

From Wikipedia’s article on AeroVironment, shared under CC BY-SA 4.0.8

Leadership

Who has led AeroVironment, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (41)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerKevin McDonnell named Sep 19, 2023 to Mar 24, 202674
  • Executive OfficerMary Clum named Mar 24, 202674
  • DirectorPhilip S. Davidson named Mar 24, 202674
  • DirectorPhil S. Davidson named Sep 19, 202375

Products and brands

Vehicles

Among the vehicles the company built are:

Gossamer Condor – The first successful human-powered airplane. The Gossamer Condor is on display at the US National Air and Space Museum (NASM), since it won the first Kremer Prize in 1977.

Gossamer Albatross – In 1979, this human-powered plane flew 23 miles (37 km) across the English Channel and claimed the largest prize in aviation history. Another of these planes is displayed at the National Air and Space Museum.

Gossamer Penguin – A solar-powered variant of the Gossamer Albatross.

Read the full text

Solar Challenger – This plane flew 163 miles (262 km) from Paris, France, to England on solar power.

High Altitude Solar (HALSOL)-This solar-powered unmanned aircraft was sponsored by the CIA in the 1980s as the first unmanned solar-powered aircraft prototyped for national security missions. It was declassified and transferred to the Ballistic Missile Defense Organization (BMDO) in 1993, where it was modified as a high altitude, long endurance (HALE) UAV technology demonstrator capable of becoming weaponized to destroy boost-phase theater ballistic missiles (Boost Phase Intercept).The goal was to develop the world's first "fly forever" HALE UAV that could be configured for national security missions. The program was cancelled in 1995, due to budget reductions in the Clinton Administration at which time the aircraft, called Pathfinder, was transferred to NASA. Pathfinder flew flight test missions at NASAs Dryden Flight Research Center before the transfer.

NASA Pathfinder and Pathfinder Plus – This unmanned plane, built by AeroVironment as a part of the NASA Environmental Research Aircraft and Sensor Technology (ERAST) Program, demonstrated that an airplane could stay aloft for extended periods fueled by solar power. After initial successes, the Pathfinder was rebuilt into the larger Pathfinder Plus, which is on display at NASM.

NASA Centurion – The Centurion was an expansion of the Pathfinder concept, designed to achieve the ERAST Program goal of sustained flight at 100,000 feet (30,000 m) altitude.

NASA Helios Prototype – Derived from the Centurion, this solar cell and fuel cell powered UAV set a world record for flight at 96,863 feet (29,524 m). It was intended to be the prototype for the production Helios aircraft, envisioned as an "atmospheric satellite". The ERAST program was terminated in 2003, and as of 2008, Helios has not entered production. In actuality, it has been reborn in the form of the Global Observer UAS, currently in development under a Joint Concept Technology Demonstration led by United States Special Operations Command (USSOCOM]). The key technology shift was switching from solar power to liquid hydrogen power.

Global Observer – The Los Angeles Times reported first flight of Global Observer in the Mojave Desert in January, 2011. The aircraft was powered by hydrogen. It appears to have 4 motors with twin-bladed props, a 175-foot (53 m) wingspan, 65,000-foot (20,000 m) maximum altitude, airspeed greater than 120 mph (190 km/h), and 5 to 7 day maximum flight duration.

Sunraycer – This solar-powered car won the first world's first solar car race in Australia in 1987. The next fastest car finished two days later. This car is at the Smithsonian National Museum of American History.

GM Impact – This was an electric car, developed as a prototype for a mass-production consumer car.

RQ-11 Raven – a small military UAV. It is hand launched with a wingspan of 4.5 feet (1.4 m) and a weight of 4.2 pounds (1.9 kg), providing color and infrared video to its handheld ground control and remote viewing stations. Over 9,000 Ravens had been delivered or were on order as of June 2008.

Wasp III – a miniature, hand-launched UAV that provides aerial observation at line-of-sight ranges up to 3.1 miles (5.0 km). In 2007, the Wasp was selected by the US Air Force as the choice for their BATMAV Program. As of 2008, over 1,000 Wasp aircraft had been delivered.

RQ-20 Puma – a small lightweight, battery powered, hand-launched production UAV that provides aerial observation at line-of-sight ranges up to 6.2 miles (10.0 km). Puma's avionics enable autonomous flight via GPS navigation. It was designed to demonstrate advanced propulsion technologies. It flew in June 2007 for five hours, powered by an onboard "fuel cell battery hybrid energy storage system". A flight in November 2007 lasted more than seven hours. On July 2, 2008, USSOCOM selected the Puma AE variant as its All Environment Capable Variant (AECV) solution.

Nano Hummingbird – Announced in 2011, a hummingbird look-alike drone equipped with a camera, it could fly at speeds of up to 11 miles (18 km) per hour. It could climb and descend vertically, fly sideways, forward and backward, as well as rotate clockwise and counter-clockwise by remote control for about eight minutes.

SkyTote – a vertical take-off and landing (VTOL)-fixed wing hybrid UAV, which offered VTOL takeoff capability and decreased energy usage.

Switchblade – A man-portable family of electrically powered loitering munition for field use. It is deployed in two configurations, the 300 for attacking personnel and the 600 for attacking armor.

FQM-151 Pointer

RQ-14 Dragon Eye

Puma LE (Long Endurance)

VAPOR Helicopter

Shrike – quadrocopter drone designed for "perch and stare" surveillance, weighs 5 lb (2.27 kg) with a 40 minute endurance while hovering or can land and transmit for several hours.

Snipe – a quadrotor design small enough to be deployed by an individual to collect surveillance. It weighs 5 oz (0.14 kg), can reach speeds of 20 mph (32 km/h) with a range of more than 0.6 mi (0.97 km). It has flight times of 15 minutes, can withstand winds of 15 mph (24 km/h), and is equipped with EO/IR. It is low light-capable and includes long-wave infrared sensors to take photos or video in day or night conditions. In May 2017, the first 20 Snipes were delivered to an undisclosed U.S. military customer.

Quantix – drone, 40 km range, 45 min flight time, 2.3 kg weight, controlled via encrypted radio, automated, programmed autonomous flights possible, multifunctional camera.

Red Dragon – One-way attack drone designed for autonomous strike, weighs 45 lb (20 kg) and has a range of 250 mi (400 km). It is equipped with AI that uses visual for navigation and automatic target recognition to counter jamming.

Subsidiaries

AeroVironment owns Skytower, Inc., which was formed in 2000 to develop the technologies and government approvals to use high altitude UAVs as "atmospheric satellites", or high altitude communications relay platforms.

In July 2002, the NASA/AeroVironment UAV Pathfinder Plus carried commercial communications relay equipment developed by Skytower to test using the aircraft as an "atmospheric satellite". Skytower, in partnership with NASA and the Japan Ministry of Telecommunications used the aircraft to transmit both an HDTV signal as well as an IMT-2000 wireless communications signal from 65,000 ft (20,000 m). It was the equivalent of a 12 mi (19 km) tall transmitter tower. Because of the aircraft's high angle, the transmission utilized only one watt of power, or 1/10,000 that required by a terrestrial tower to provide the same signal. According to SkyTower's Stuart Hindle, "SkyTower platforms are basically geostationary satellites without the time delay." Hindle said that such platforms flying in the stratosphere, as opposed to actual satellites, can achieve much higher levels of frequency use. "A single SkyTower platform can provide over 1,000 times the fixed broadband local access capacity of a geostationary satellite using the same frequency band, on a bytes per second per square mile basis."

In January 2021, the company acquired Arcturus UAV, the manufacturer of the Arcturus T-20 UAV for US$405m.

From Wikipedia’s article on AeroVironment, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Owners

Subsidiaries (Exhibit 21)

  • Arcturus UAV, Inc. California9

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 30, 20268-K Shareholder vote76
  2. Sep 9, 20268-K Results of operations; Regulation FD disclosure77
  3. Aug 7, 20268-K Executive or director change; Regulation FD disclosure78
  4. Jul 29, 20268-K Executive or director change; Regulation FD disclosure79
  5. Jun 29, 20268-K Results of operations; Regulation FD disclosure80
  6. Jun 25, 20268-K Executive or director change; Regulation FD disclosure81
  7. Jun 22, 20268-K Earlier financial statements no longer reliable; Executive or director change82
  8. Apr 13, 20268-K Executive or director change; Regulation FD disclosure83
  9. Apr 9, 20268-K Executive or director change; Regulation FD disclosure84
  10. Mar 18, 20268-K Executive or director change85
  11. Mar 16, 20268-K Unregistered sale of shares; Regulation FD disclosure86
  12. Mar 10, 20268-K Results of operations; Regulation FD disclosure; Other events87
  13. Jul 14, 2016New chief executive Wahid Nawabi becomes CEO20
  14. Jan 22, 2007New chief executive Timothy E. Conver becomes CEO21
  15. 1971Founded Founded1

Calendar

Coming up

  1. Dec 8, 2026Reports results for the quarter ending Oct/2026 A year earlier it reported $0.44 a share, on Dec 9, 2025.88

When it reported results

  1. Sep 9, 2026Reported quarterly or annual results77
  2. Jun 29, 2026Reported quarterly or annual results80
  3. Mar 10, 2026Reported quarterly or annual results87
  4. Dec 10, 2025Reported quarterly or annual results89
  5. Dec 9, 2025Reported quarterly or annual results90
  6. Sep 9, 2025Reported quarterly or annual results91
  7. Jun 24, 2025Reported quarterly or annual results92
  8. Mar 4, 2025Reported quarterly or annual results93

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

409 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 76 major events, 223 insider forms, 22 large holders, 2 private raises, 64 other. The latest 20:

  1. Oct 15, 2026144 EDGAR
  2. Sep 30, 20268-K EDGAR
  3. Sep 17, 20264 EDGAR
  4. Sep 17, 20264 EDGAR
  5. Sep 16, 20264 EDGAR
  6. Sep 10, 202610-Q EDGAR
  7. Sep 9, 20268-K EDGAR
  8. Aug 19, 20264 EDGAR
  9. Aug 14, 2026144 EDGAR
  10. Aug 14, 20264 EDGAR
  11. Aug 14, 20263 EDGAR
  12. Aug 14, 2026ARS EDGAR
  13. Aug 14, 2026DEF 14A EDGAR
  14. Aug 7, 20268-K EDGAR
  15. Jul 29, 20268-K EDGAR
  16. Jul 27, 2026SCHEDULE 13G/A EDGAR
  17. Jul 16, 20264 EDGAR
  18. Jul 16, 20264/A EDGAR
  19. Jul 16, 20264 EDGAR
  20. Jul 15, 20264 EDGAR

The 409 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

48 open-market trades by officers, directors and large owners since October 2021: 0 buys and 48 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Shackley Brian CharlesSVP, Chief Accounting OfficerSale100$152.27$15.2KForm 4
Sep 15, 2026PAGE STEPHEN FDirectorSale250$152.27$38.1KForm 4
Aug 17, 2026PAGE STEPHEN FDirectorSale250$191.98$48.0KForm 4
Aug 14, 2026Shackley Brian CharlesSVP, Chief Accounting OfficerSale205$201.86$41.4KForm 4
Jul 15, 2026Shackley Brian CharlesSVP, Chief Accounting OfficerSale300$143.00$42.9KForm 4
Jul 15, 2026PAGE STEPHEN FDirectorSale248$143.00$35.5KForm 4
Jun 15, 2026PAGE STEPHEN FDirectorSale250$174.41$43.6KForm 4
May 15, 2026PAGE STEPHEN FDirectorSale250$162.31$40.6KForm 4
Apr 15, 2026PAGE STEPHEN FDirectorSale250$197.29$49.3KForm 4
Mar 16, 2026Shackley Brian CharlesSVP, Chief Accounting OfficerSale200$212.52$42.5KForm 4
Mar 16, 2026PAGE STEPHEN FDirectorSale250$212.52$53.1KForm 4
Mar 10, 2026McDonnell Kevin PatrickCFOSale396$224.55$88.9KForm 4
Mar 2, 2026PAGE STEPHEN FDirectorSale250$300.00$75.0KForm 4
Feb 19, 2026PAGE STEPHEN FDirectorSale250$275.00$68.8KForm 4
Feb 17, 2026PAGE STEPHEN FDirectorSale500$254.95$127.5KForm 4
Feb 10, 2026McDonnell Kevin PatrickCFOSale879$267.60$235.2KForm 4
Jan 15, 2026PAGE STEPHEN FDirectorSale1,000$377.62$377.6KForm 4
Jan 12, 2026McDonnell Kevin PatrickCFOSale999$367.60$367.2KForm 4
Dec 30, 2025Shackley Brian CharlesSVP, Chief Accounting OfficerSale200$250.92$50.2KForm 4
Dec 10, 2025McDonnell Kevin PatrickCFOSale511$249.37$127.4KForm 4

All 48 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Wahid NawabiPresident and Chief Executive Officer57$13.3M$15.3M100
2026Kevin McDonnell7 Former Executive Vice President and Chief Financial Officer$565.5K$3.5M100
2026Trace StevensonPresident, Autonomous Systems49$464.5K$2.4M100
2026Melissa BrownExecutive Vice President, Chief Legal Officer & Secretary49$524.4K$2.4M100
2026Bradley Truesdell12 Former Chief Operating Officer$417.3K$1.6M100
2026Mary Clum9 President Space, Cyber & Directed Energy49$761.6K$1.3M100
2025Wahid NawabiPresident and Chief Executive Officer57$879.1K$7.4M100
2025Kevin McDonnell7 Former Executive Vice President and Chief Financial Officer$495.0K$2.5M100
2025Melissa BrownExecutive Vice President, Chief Legal Officer & Secretary49$476.3K$1.6M100
2025Trace StevensonPresident, Autonomous Systems49$404.7K$1.4M100
2024Wahid NawabiPresident and Chief Executive Officer57$288.8K$7.6M100
2024Kevin McDonnell7 Former Executive Vice President and Chief Financial Officer$493.3K$2.8M100
2024Melissa BrownExecutive Vice President, Chief Legal Officer & Secretary49$460.4K$1.7M100
2024Trace StevensonPresident, Autonomous Systems49$338.2K$1.1M100

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$266.4M 2023–2026
Money received by yearMoney received by year, 2023–2026: $266.4M in all. Private raises (Form D) $266.4M.$0$50M$100M$150M$200M2023 · Private raises (Form D): $109.0M2023202420252026 · Private raises (Form D): $157.4M2026
Figures by year
YearPrivate raises (Form D)Total
2026$157.4M$157.4M
2023$109.0M$109.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Mar 16, 2026Raised $157.4 million in a private offering of equity74 Form D: 21 investors so far Form D
  2. Sep 15, 2023Raised $109 million in a private offering of equity75 Form D: 39 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,480,740$574.6M0.0%−1,478,959
State Street Corp2,192,680$361.8M0.0%−96,677
Vanguard Capital Management LLC1,646,011$271.7M0.0%+29,696
Vanguard Portfolio Management LLC1,548,605$255.6M0.0%−145,170
Baillie Gifford & Co967,448$159.7M0.1%−59,293
Heard Capital LLC903,975$149.2M6.4%+182,623
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.854,017$140.8M0.2%−83,443
Invesco Ltd.698,470$115.3M0.0%+100,182
Geode Capital Management, LLC671,971$110.9M0.0%−241,922
Van Eck Associates Corp612,915$101.2M0.1%−75,062
ARK Investment Management LLC607,502$100.3M0.7%+48,248
Stephens Investment Management Group LLC567,423$93.7M1.0%+76,997
Hood River Capital Management LLC564,254$93.1M0.7%New
Alyeska Investment Group, L.P.525,195$86.7M0.2%−196,241
Congress Asset Management Co495,640$81.8M0.5%+103,132
Norges Bank473,141$78.1M0.0%New
Morgan Stanley458,955$75.8M0.0%+38,460
American Capital Management Inc422,518$69.7M3.1%−13,849
Bank Of America Corp /de/409,215$67.5M0.0%+206,062
PeakShares LLC400$66.0M0.0%No change
Swedbank AB376,664$62.2M0.1%+103,315
Millennium Management LLC345,162$57.0M0.0%+138,450
Fisher Asset Management, LLC341,111$56.3M0.0%+37,478
Korea Investment CORP332,595$54.9M0.1%+220,560
UBS Group AG326,408$53.9M0.0%−273,143

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 2, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseSale$1,001 - $15,000+39.8%Report
Mar 3, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−60.1%Report
Jan 27, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−71.6%Report
Dec 15, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−61.6%Report
Oct 3, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−82.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How AeroVironment is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAeroVironment Inc2
  • CIK0001368622
  • Employer ID (EIN)95-270579019
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inDelaware19
  • Fiscal year endsApril 302
  • Industry code (SIC)3721 Aircraft2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address241 18Th Street South, Suite 650, Arlington, VA 222022
  • Phone(703) 418-28282
  • Shares outstanding50,820,702 as of Sep 3, 202617
  • Public float$18.3B as of Nov 1, 202519
  • AuditorDeloitte & Touche LLP, Los Angeles, California PCAOB ID 34; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceSep 28, 20062
  • Filings1,386 in all: 4 (749), 8-K (218), SC 13G/A (61), 10-Q (59), 3 (50), 4/A (25), 10-K (20), DEF 14A (20)2
    All 44 form types

    144 (18), UPLOAD (18), SC 13G (16), CORRESP (14), CT ORDER (13), SD (13), DEFA14A (10), 8-K/A (9), ARS (7), S-1/A (7), 425 (6), S-8 (5), SCHEDULE 13G/A (5), 424B5 (4), SCHEDULE 13G (4), 5 (3), D (3), FWP (3), PRE 14A (3), SC 13D/A (3), 10-K/A (2), 3/A (2), EFFECT (2), S-3ASR (2), 10-Q/A (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERTNAS (1), PRER14A (1), S-1 (1), S-4 (1), S-4/A (1), SC 13D (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Jun 29, 2026
    Quarterly report (10-Q) Sep 10, 2026
    Proxy statement (DEF 14A) Aug 14, 2026
    Latest 8-K (8-K) Sep 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001 per shareAVAVThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Jun 29, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks AeroVironment names in Item 1A of its 10-K filed Jun 29, 2026: 72 risks under these headings, as written.19

  • Risks Related to Our Business and Industry
  • Risks Related to Our U.S. Government Contracts
  • Risks Related to Legal and Regulatory Requirements
  • Risks Related to Our Intellectual Property
  • Risks Related to Securities Markets and Investment in Our Stock
  • We rely heavily on sales to certain customers, including the U.S. government, particularly to agencies of the DoD.
  • A decline in the U.S. and other government budgets, changes in spending or budgetary priorities, delays in contract awards or in the release of approved funds may significantly and adversely affect our future revenue.
  • Military transformation and changes in overseas operational levels may affect future procurement priorities and existing programs, which could limit demand for our products and services.
  • We operate in evolving markets, which makes it difficult to evaluate our business and future prospects.
  • We face competition from other firms, many of which have substantially greater resources.
  • If the markets for our products do not grow as expected, if we cannot expand our customer base or if our products and services do not achieve broad acceptance, then we may not be able to achieve our anticipated level of growth.
  • Our international business poses potentially greater risks than our domestic business.
The other 65 risks
  • If we are unable to manage the increasing complexity of our business, or achieve or manage our expected growth, our business could be adversely affected.
  • Our business relationships may be subject to disruption due to uncertainty associated with the post-acquisition integration, which could have a material adverse effect on our results of operations, cash flows and financial position.
  • Any efforts to expand our offerings beyond our current markets may not succeed, which could negatively impact our operating results.
  • The markets in which we compete are characterized by rapid technological change, requiring us to develop new products and product enhancements, and could render our existing products obsolete.
  • There are difficult issues to navigate in the development and use of AI, which may result in reputational harm or liability, and failure to introduce new and innovative products that have AI capabilities or to respond and comply with a rapidly evolving regulatory landscape could put us at a competitive disadvantage.
  • We expect to incur substantial R&D costs and devote significant resources to identifying and commercializing new products and services, which could significantly reduce our profitability and may never result in revenue to us.
  • Our products and services are complex and could have unknown defects or errors, which may give rise to claims against us, diminish our brand or divert our resources from other purposes.
  • If critical components or raw materials used to manufacture our products or used in our development programs become scarce or unavailable, then we may incur delays in manufacturing and delivery of our products and in completing our development programs, which could damage our business.
  • Earnings and cash flows can be impacted by changes in tax laws.
  • Changes in trade policies, including the imposition of tariffs, could cause adverse impacts to our business.
  • Our earnings and profit margins may decrease based on the mix of our contracts and programs and other factors related to our contracts.
  • We use estimates in accounting for many of our programs and changes in our estimates could adversely affect our future financial results.
  • Cost overruns on our contracts could subject us to losses, decrease our operating margins and adversely affect our future business.
  • Our senior management and key employees, including key employees of businesses recently acquired, are important to our customer relationships and overall business.
  • We must recruit and retain highly-skilled employees to succeed in our competitive business.
  • Our ability to stay competitive within our markets may be dependent upon increasing manufacturing capacity to support anticipated growth and achieving cost reductions and projected economies of scale from increasing manufacturing quantities of our products. Failing to adequately increase production capacity and achieve such reductions in manufacturing costs and projected economies of scale could materially adversely affect our business.
  • We face significant risks in the management of our inventory, and failure to effectively manage our inventory levels may result in supply imbalances that could harm our business.
  • Due to the volatile and flammable nature of certain components of our products and equipment, fires or explosions may disrupt our business or cause significant injuries, which could adversely affect our financial results.
  • The operation of UAS and C-UAS in urban environments may be subject to risks, such as accidental collisions and transmission interference, which may limit demand for our UAS and C-UAS in such environments and harm our business and operating results.
  • Our quarterly operating results may vary widely.
  • Shortfalls in available external R&D funding could adversely affect us.
  • Unauthorized access to our, our customers’ and/or our suppliers’ information and systems could negatively impact our business.
  • Our employees or others acting on our behalf have, and may in the future, engage in misconduct or other improper activities, which could cause us to lose contracts or cause us to incur significant costs.
  • Our work for the U.S. government and international governments may expose us to increased security risks.
  • Our cash may be subject to a risk of loss, and we may be exposed to fluctuations in the market values of our portfolio investments and in interest rates.
  • Unstable market and economic conditions may have serious adverse consequences on our business, financial condition and stock price.
  • Potential Deferment of Purchases and Orders by Customers
  • Negative Impact from Increased Financial Pressures on Key Suppliers
  • Customers’ Inability to Obtain Financing to Make Purchases from Us and/or Maintain Their Business
  • Acquisitions could be difficult to integrate, divert the attention of key personnel, disrupt our business, dilute stockholder value and impair our financial results.
  • We have a significant amount of goodwill and intangible assets on our consolidated financial statements that are subject to impairment based upon future adverse changes in our business or prospects, such as the impairment recorded for the Space reporting unit.
  • Our substantial borrowings under our credit facilities could adversely affect our financial condition and restrict our operating flexibility.
  • The indebtedness represented by our Notes could limit the cash flow available for our operations, expose us to risks that could adversely affect our business, financial condition and results of operations and impair our ability to satisfy our obligations under the Notes.
  • The conversion of Notes could impair our financial position and liquidity.
  • We face various risks related to pandemics and similar public health crises, which may adversely impact our business.
  • Our business and operations are subject to the risks of earthquakes and other natural catastrophic events.
  • We self-insure a portion of our health insurance program, which may expose us to unexpected costs and negatively affect our results of operations.
  • We are subject to extensive government regulation, and our failure to comply with applicable regulations could subject us to penalties that may restrict our ability to conduct our business.
  • Our business could be adversely affected by a negative audit or investigation by the U.S. government.
  • If we fail to establish and maintain important relationships with government agencies and prime contractors, our ability to successfully maintain and develop new business may be adversely affected.
  • Some of our contracts with the U.S. government allow it to use inventions developed under the contracts and to disclose technical data to third parties, which could harm our ability to compete.
  • U.S. government contracts are generally not fully funded at inception, contain certain provisions that may be unfavorable to us and may be undefinitized at the time of the start of performance, which could prevent us from realizing our contract backlog and materially harm our business and results of operations.
  • U.S. government contracts are subject to a competitive bidding process that can consume significant resources without generating any revenue.
  • We are subject to procurement rules and regulations, which increase our performance and compliance costs under our U.S. government contracts.
  • We could be prohibited from shipping our products to certain countries if we are unable to obtain U.S. government authorization regarding the export of our products and services, or if current or future export laws limit or otherwise restrict our business. In addition, failure to comply with export laws could result in fines, export restrictions and other sanctions and penalties.
  • We may become subject to government investigations, which could have a material adverse effect on our business, financial condition, results of operations, cash flows and equity.
  • Failure to obtain necessary regulatory approvals from the FAA or other governmental agencies, or limitations put on the use of SUAS, MUAS and C-UAS in response to public privacy concerns, may prevent us from expanding the sales of our SUAS, MUAS and C-UAS to non-military customers in the United States.
  • Our business may be dependent upon our employees obtaining and maintaining required security clearances, as well as our ability to obtain security clearances for the facilities in which we perform sensitive government work.
  • We are subject to pending legal proceedings that may disrupt our business, cause us to incur substantial costs, expose us to significant legal liabilities and could have a material adverse impact on our financial performance.
  • Environmental laws and regulations and unforeseen costs, including in response to climate change, could impact our future earnings.
  • Compliance with the SEC’s conflict minerals regulations may increase our costs and adversely impact the supply-chain for our UAS products.
  • If we fail to protect, or incur significant costs in defending or enforcing our intellectual property and other proprietary rights, our business, financial condition and results of operations could be materially harmed.
  • We may be sued by third parties for alleged infringement of their proprietary rights, which could be costly, time consuming and limit our ability to use certain technologies in the future.
  • Risks Relating to Securities Markets and Investment in Our Stock
  • The price of our common stock may fluctuate significantly.
  • Our largest stockholder may have the ability to significantly influence all matters submitted to stockholders for approval.
  • The issuance or sale of shares of our common stock, or rights to acquire shares of our common stock, could depress the trading price of our common stock and the Notes.
  • The market price of our common stock may decline because of our acquisition activity.
  • We may not be able to obtain capital when desired on favorable terms, if at all, or without dilution to our stockholders.
  • Failure to maintain effective internal control over financial reporting could adversely affect our financial results.
  • Prior to our acquisition of BlueHalo, BlueHalo was not a U.S. public reporting company. The obligations associated with integrating into a public company, including to remediate BlueHalo’s material weaknesses in internal control over financial reporting, may require significant resources and management attention.
  • We identified a material weakness in our internal control over financial reporting, and if we are unable to remediate this material weakness, or if we experience additional material weaknesses or other deficiencies in the future or otherwise fail to maintain an effective system of internal control, we may not be able to accurately and timely report our financial results.
  • We have not paid any cash dividends on our common stock and do not anticipate paying any cash dividends in the foreseeable future.
  • Delaware law and anti-takeover provisions in our organizational documents may discourage our acquisition by a third party, which could make it more difficult to acquire us and limit your ability to sell your shares at a premium.
  • Significant inflation could adversely affect our business and financial results.
  • Recession, financial and credit market disruptions may adversely affect us.

Legal proceedings

On May 26, 2026, a securities class action complaint was filed in the U.S. District Court for the Eastern District of Virginia by Eric Norrell naming AeroVironment; Wahid Nawabi, our President and CEO; Kevin McDonnell, our former Executive Vice President and Chief Financial Officer; and Mary Clum, President of our Space, Cyber & Directed Energy segment, as defendants. See Norell v. AeroVironment, Inc., No. 1:26-cv-01429 (E.D. Va.). The complaint asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder, claiming that the defendants made false and materially misleading statements regarding our work for the U.S. Space Force’s Satellite Communication Augmentation Resource (“SCAR”) program. The plaintiff seeks to represent a proposed class of all persons who purchased or otherwise acquired our common stock during the period June 25, 2025 through March 10, 2026. The complaint seeks a jury trial and unspecified compensatory damages, interest, and attorneys’ fees and other costs.

On August 9, 2021, a former employee filed a class action complaint against AeroVironment in California Superior Court in Los Angeles, California alleging various claims pursuant to the California Labor Code related to wages, meal breaks, overtime, unreimbursed business expenses and other recordkeeping matters. The complaint seeks a jury trial and payment of various alleged unpaid wages, penalties, interest and attorneys’ fees in unspecified amounts. We filed our answer on December 16, 2021. The parties participated in a mediation session on May 8, 2025, but did not reach a resolution during the session.

On March 29, 2024, a former employee filed a complaint against AeroVironment in the Ventura County Superior Court in California, alleging violations of the California Labor Code related to wages, meal breaks, overtime,

The opening of Item 3, Legal Proceedings.19

Sources

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