Aerovironment Inc

Latest Results (21.11.2025):

AeroVironment Inc — fiscal 2025 fourth quarter: The company reported a record Q4 revenue of $275.1 million (up 40% year-over-year) and fiscal 2025 revenue of $820.6 million (up 14% YoY). Q4 net income was $16.7 million and non‑GAAP adjusted EBITDA was a record $61.6 million; full‑year net income was $43.6 million with non‑GAAP adjusted EBITDA of $146.4 million. AeroVironment also recorded record fiscal year bookings of $1.2 billion and highlighted the strategic acquisition of BlueHalo as they provide guidance for fiscal 2026 with associated integration and forecasting caveats.

Revenue and bookings

Q4 revenue: $275.1M (record; +40% YoY). Fiscal 2025 revenue: $820.6M (+14% YoY). Record fiscal 2025 bookings: $1.2B; management says backlog is nearly double the prior year.

Profitability

Q4 net income: $16.7M; fiscal 2025 net income: $43.6M. Q4 income from operations: $13.8M. Q4 gross margin was $100.3M (about 36.5% of Q4 revenue).

Non‑GAAP results

Record non‑GAAP adjusted EBITDA: $61.6M in Q4 and $146.4M for fiscal 2025.

One‑time items and operating impacts

Q4 included an $18.4M impairment of goodwill. Interest and other items were modest (net interest expense ~ $1.0M for Q4) and the provision for income taxes was $0.2M in Q4.

Earnings per share and shares outstanding

Q4 basic and diluted EPS: $0.59. Weighted‑average diluted shares in Q4: ~28.26 million.

Balance sheet and liquidity

Total assets at year‑end: $1,120.6M. Cash and cash equivalents declined to $40.9M from $73.3M a year earlier. Current assets totaled $606.5M, including $290.0M of unbilled receivables and retentions and $102.0M of accounts receivable.

Acquisition and fiscal 2026 outlook

The BlueHalo acquisition closed and management expects it to contribute to growth, scale and integrated solutions. For fiscal 2026 the company provided forward‑looking estimates that include BlueHalo but said it cannot reconcile to GAAP net income or EPS due to acquisition‑related amortization and purchase price adjustment uncertainties; integration and government contracting risks were emphasized.