AeroVironment, Inc. (NASDAQ: AVAV) is a leading defense technology firm that specializes in providing advanced integrated capabilities across air, land, sea, space, and cyber. The company focuses on developing autonomous systems, precision strike systems, counter-UAS technologies, and various defense-related solutions tailored for both U.S. and international military operations.

AeroVironment is currently in a rise phase. For the fiscal year ending April 30, 2025, the company reported record revenues of $821 million, marking a 14% increase compared to the previous year. In the fourth quarter alone, revenues reached $275 million, representing a 40% year-over-year increase. The firm recorded net income of $16.7 million for the fourth quarter, a significant rise from $6 million in the same period last year. For fiscal year 2025, net income was reported at $43.6 million, compared to $59.7 million in the previous year.

The company also achieved adjusted EBITDA of $61.6 million for the fourth quarter, a substantial increase from $22.2 million in the year-ago quarter. Full fiscal year adjusted EBITDA was $146.4 million, reflecting a 15% increase over the prior period. AeroVironment’s funded backlog at the end of fiscal 2025 was $726.6 million, which indicates an 82% improvement from $400.2 million year-over-year. Annual bookings reached $1.2 billion, reinforcing the company’s strong market demand for its offerings.

In terms of profit margins, adjusted gross margins for the fourth quarter were 39%, down from 40% in the previous year’s quarter. For the full fiscal year, the gross margin stood at 41.2%, a slight dip from 41.5% in fiscal year 2024. The company’s operating expenses for the fourth quarter contained specific costs linked to recent acquisitions, including $5.6 million related to the acquisition of BlueHalo, which closed on May 1, 2025. AeroVironment’s revenue guidance for fiscal year 2026 has been set between $1.9 billion and $2 billion, suggesting strong future growth.

Moving forward, AeroVironment plans to operate under two distinct segment structures: Autonomous Systems and Space, Cyber & Directed Energy, with projections indicating substantial growth opportunities tied to recent military contracts and an expanding international presence.