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Organization and Significant Accounting Policies (Tables)

12 Months Ended

Apr. 30, 2025

Organization and Significant Accounting Policies

Schedule of estimated useful lives of property and equipment

​

​	​	​	​
Machinery and equipment		2 – 7 years
Computer equipment and software		2 – 5 years	​
Buildings	​	5 years	​
In-service ISR assets	​	3 years	​
Furniture and fixtures		3 – 7 years	​
Leasehold improvements		Lesser of useful life or term of lease	​

Schedule of estimated useful life for the Company's intangible assets

​

​	​	​	​
Technology		3 – 12 years
Backlog	​	1 year	​
Licenses		3 years	​
Customer relationships		3 – 5 years	​
In-process research and development	​	3 years	​
Trademarks and tradenames		6 years	​
Non-compete agreements	​	Contractual term	​

Schedule of revenue by category

The following tables present the Company’s revenue disaggregated by segment, contract type, customer category and geographic location (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended April 30,
​	​	​		​	​		​	​
Revenue by segment	​	2025			2024		​	2023
UxS	​	$	381,778	​	$	448,006	​	$	343,910
LMS	​	​	351,977	​	​	192,587	​	​	120,624
MW	​	​	86,872	​	​	76,127	​	​	76,002
Total revenue	​	$	820,627	​	$	716,720	​	$	540,536

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended April 30,
​	​	April 30,		​	April 30,		​	April 30,
Revenue by contract type	​	2025			2024		​	2023
FFP	​	$	746,190	​	$	634,266	​	$	430,547
CPFF	​	​	67,986	​	​	77,458	​	​	104,444
T&M	​		6,451	​		4,996	​		5,545
Total revenue	​	$	820,627	​	$	716,720	​	$	540,536

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended April 30,
​	​	April 30,		​	April 30,		​	April 30,
Revenue by customer category	​	2025			2024		​	2023
U.S. government	​	$	613,053	​	$	544,885	​	$	366,895
Non-U.S. government	​	​	207,574	​	​	171,835	​	​	173,641
Total revenue	​	$	820,627	​	$	716,720	​	$	540,536
​	​	​	​	​	​	​	​	​	​
​	​	Year Ended April 30,
​	​	April 30,		​	April 30,		​	April 30,
Revenue by geographic location	​	2025			2024		​	2023
Domestic	​	$	390,744	​	$	271,727	​	$	251,428
International	​	​	429,883	​	​	444,993	​	​	289,108
Total revenue	​	$	820,627	​	$	716,720	​	$	540,536

Schedule of revenue percentage by recognition method

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended April 30,
​	​	April 30,		​	April 30,		​	April 30,
Revenue percentage by recognition method	​	2025			2024		​	2023
Over time	​	​	57%	​	​	43%	​	​	51%
Point in time	​	​	43%	​	​	57%	​	​	49%
Total revenue	​	​	100%	​	​	100%	​	​	100%

Schedule of reconciliation of basic to diluted shares

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Year Ended April 30,
​		2025			2024			2023
​	​	​	​	​	​	​	​	​	​	​
Net income (loss) attributable to AeroVironment, Inc.	​	$	43,619,000	​	$	59,666,000	​	$	(176,212,000)	​
Denominator for basic earnings per share:	​	​	​	​	​	​	​	​	​	​
Weighted average common shares	​		28,018,656	​		27,203,417	​		25,044,881	​
Dilutive effect of employee stock options, restricted stock and restricted stock units	​		154,832	​		124,576	​		—	​
Denominator for diluted earnings per share	​	​	28,173,488	​	​	27,327,993	​	​	25,044,881	​

​

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