# AEROVIRONMENT, INC. (AVAV) FY2027 Q1 P&L / Income Statement - Company: AEROVIRONMENT, INC. (AVAV) - Period: 2026-05-01 to 2026-08-01 - Filing: Q1 FY2027 10-Q, filed 2026-09-10, accession number 0001104659-26-106423 - Page: https://plicit.ai/financials/avav/fy2027-q1-income-statement - Chart image: https://plicit.ai/charts/avav-fy2027-q1-income-statement-sankey.png ## Chart details: Revenue by Product and Service (5 categories) Income statement for 2026-05-01 through 2026-08-01. View: Product and service (5 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 480,490,000 US dollars - **Cost of sales**: 355,891,000 US dollars - **Total gross margin**: 124,599,000 US dollars - **Operating expenses (calculated)**: 135,470,000 US dollars - **Loss from operations**: negative 10,871,000 US dollars - **Other income (expense), net (calculated)**: 3,541,000 US dollars - **Loss before income taxes**: negative 7,330,000 US dollars - **Benefit from income taxes**: negative 397,000 US dollars - **Net loss**: negative 5,066,000 US dollars - **Uncrewed Aircraft Systems**: 120,206,000 US dollars - **Precision Strike and Defense Systems**: 197,132,000 US dollars - **Space and Directed Energy**: 51,509,000 US dollars - **Cyber and Mission Solutions**: 83,012,000 US dollars - **Other**: 28,631,000 US dollars - **Research and development**: 23,962,000 US dollars - **Selling, general and administrative**: 111,508,000 US dollars - **Equity method investment income, net of tax**: 1,867,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/avav/fy2027-q1-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/avav-fy2027-q1-revenue-by-business-segment-sankey.png Income statement for 2026-05-01 through 2026-08-01. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 480,490,000 US dollars - **Cost of sales**: 355,891,000 US dollars - **Total gross margin**: 124,599,000 US dollars - **Operating expenses (calculated)**: 135,470,000 US dollars - **Loss from operations**: negative 10,871,000 US dollars - **Other income (expense), net (calculated)**: 3,541,000 US dollars - **Loss before income taxes**: negative 7,330,000 US dollars - **Benefit from income taxes**: negative 397,000 US dollars - **Net loss**: negative 5,066,000 US dollars - **AxS**: 345,969,000 US dollars - **Space, Cyber and Directed Energy Segment**: 134,521,000 US dollars - **Research and development**: 23,962,000 US dollars - **Selling, general and administrative**: 111,508,000 US dollars - **Equity method investment income, net of tax**: 1,867,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Product and Service (2 categories) - Page: https://plicit.ai/financials/avav/fy2027-q1-income-statement/revenue-by-product-and-service-2-categories - Chart image: https://plicit.ai/charts/avav-fy2027-q1-revenue-by-product-and-service-2-categories-sankey.png Income statement for 2026-05-01 through 2026-08-01. View: Product and service (2 categories). Revenue and costs use their disclosed categories. - **Revenue**: 480,490,000 US dollars - **Cost of sales**: 355,891,000 US dollars - **Total gross margin**: 124,599,000 US dollars - **Operating expenses (calculated)**: 135,470,000 US dollars - **Loss from operations**: negative 10,871,000 US dollars - **Other income (expense), net (calculated)**: 3,541,000 US dollars - **Loss before income taxes**: negative 7,330,000 US dollars - **Benefit from income taxes**: negative 397,000 US dollars - **Net loss**: negative 5,066,000 US dollars - **Product sales revenue**: 329,058,000 US dollars - **Contract services revenue**: 151,432,000 US dollars - **Product sales cost of revenue**: 213,565,000 US dollars - **Contract services cost of revenue**: 142,326,000 US dollars - **Research and development**: 23,962,000 US dollars - **Selling, general and administrative**: 111,508,000 US dollars - **Equity method investment income, net of tax**: 1,867,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/avav/fy2027-q1-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/avav-fy2027-q1-revenue-by-geography-sankey.png Income statement for 2026-05-01 through 2026-08-01. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 480,490,000 US dollars - **Cost of sales**: 355,891,000 US dollars - **Total gross margin**: 124,599,000 US dollars - **Operating expenses (calculated)**: 135,470,000 US dollars - **Loss from operations**: negative 10,871,000 US dollars - **Other income (expense), net (calculated)**: 3,541,000 US dollars - **Loss before income taxes**: negative 7,330,000 US dollars - **Benefit from income taxes**: negative 397,000 US dollars - **Net loss**: negative 5,066,000 US dollars - **Domestic**: 373,630,000 US dollars - **International**: 106,860,000 US dollars - **Research and development**: 23,962,000 US dollars - **Selling, general and administrative**: 111,508,000 US dollars - **Equity method investment income, net of tax**: 1,867,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Customer - Page: https://plicit.ai/financials/avav/fy2027-q1-income-statement/revenue-by-customer - Chart image: https://plicit.ai/charts/avav-fy2027-q1-revenue-by-customer-sankey.png Income statement for 2026-05-01 through 2026-08-01. View: Customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 480,490,000 US dollars - **Cost of sales**: 355,891,000 US dollars - **Total gross margin**: 124,599,000 US dollars - **Operating expenses (calculated)**: 135,470,000 US dollars - **Loss from operations**: negative 10,871,000 US dollars - **Other income (expense), net (calculated)**: 3,541,000 US dollars - **Loss before income taxes**: negative 7,330,000 US dollars - **Benefit from income taxes**: negative 397,000 US dollars - **Net loss**: negative 5,066,000 US dollars - **U.S. government**: 386,805,000 US dollars - **Non-U.S. government**: 93,685,000 US dollars - **Research and development**: 23,962,000 US dollars - **Selling, general and administrative**: 111,508,000 US dollars - **Equity method investment income, net of tax**: 1,867,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Basis of Pricing - Page: https://plicit.ai/financials/avav/fy2027-q1-income-statement/revenue-by-basis-of-pricing - Chart image: https://plicit.ai/charts/avav-fy2027-q1-revenue-by-basis-of-pricing-sankey.png Income statement for 2026-05-01 through 2026-08-01. View: Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 480,490,000 US dollars - **Cost of sales**: 355,891,000 US dollars - **Total gross margin**: 124,599,000 US dollars - **Operating expenses (calculated)**: 135,470,000 US dollars - **Loss from operations**: negative 10,871,000 US dollars - **Other income (expense), net (calculated)**: 3,541,000 US dollars - **Loss before income taxes**: negative 7,330,000 US dollars - **Benefit from income taxes**: negative 397,000 US dollars - **Net loss**: negative 5,066,000 US dollars - **FFP**: 349,350,000 US dollars - **Cost Plus**: 103,234,000 US dollars - **T&M**: 27,906,000 US dollars - **Research and development**: 23,962,000 US dollars - **Selling, general and administrative**: 111,508,000 US dollars - **Equity method investment income, net of tax**: 1,867,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/avav/fy2027-q1-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/avav-fy2027-q1-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2026-05-01 through 2026-08-01. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Revenue**: 480,490,000 US dollars - **Cost of sales**: 355,891,000 US dollars - **Total gross margin**: 124,599,000 US dollars - **Operating expenses (calculated)**: 135,470,000 US dollars - **Loss from operations**: negative 10,871,000 US dollars - **Other income (expense), net (calculated)**: 3,541,000 US dollars - **Loss before income taxes**: negative 7,330,000 US dollars - **Benefit from income taxes**: negative 397,000 US dollars - **Net loss**: negative 5,066,000 US dollars - **AxS - Product sales**: 273,865,000 US dollars - **AxS - Contract services**: 72,104,000 US dollars - **Space, Cyber and Directed Energy Segment - Product sales**: 55,193,000 US dollars - **Space, Cyber and Directed Energy Segment - Contract services**: 79,328,000 US dollars - **Research and development**: 23,962,000 US dollars - **Selling, general and administrative**: 111,508,000 US dollars - **Equity method investment income, net of tax**: 1,867,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.