Here are the 10-K annual reports from AeroVironment, Inc. (AVAV) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow AVAV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AVAV filings page.
AeroVironment, Inc. files its annual report outlining a diversified defense technology business across autonomous systems, space, cyber and directed energy. Following the BlueHalo acquisition in May 2025, it now reports two segments: Autonomous Systems and Space, Cyber and Directed Energy.
The company serves primarily the U.S. Department of Defense and other U.S. agencies, with government-related sales representing about 85% of revenue for the year ended April 30, 2026; the U.S. Army accounted for roughly 25% and other U.S. government customers 47%, while foreign customers contributed 28%. Funded backlog was approximately $1,183.0 million as of April 30, 2026, with about 85% expected to convert to revenue in fiscal 2027.
AeroVironment invests heavily in innovation, spending $127.7 million, or 6% of revenue, on internal R&D in fiscal 2026 and holding 407 U.S. patents and 64 pending applications as of April 30, 2026. The company employed 3,991 full-time and 100 part-time staff at that date. It highlights significant dependence on U.S. government budgets, evolving AI regulation, supply chain and rare earth risks, and intensifying competition across UAS, precision strike, C‑UAS, space, cyber and mission solutions markets.