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Business Acquisitions (Tables)

6 Months Ended

Nov. 01, 2025

Business Acquisitions

Schedule of purchase consideration

​

​	​	​
(in thousands)	​	Amount
Equity consideration transferred	$	2,640,365
Settlement of BlueHalo’s transaction expenses	​	25,214
Settlement of BlueHalo’s debt	​	863,207
Merger consideration	$	3,528,786
Less cash acquired	​	(43,841)
Fair value of consideration transferred	$	3,484,945

Summary of the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition

​

​	​	​	​
​	​	May 1,
​	​	2025
Fair value of assets acquired:	​	​	​
Accounts receivable, net of allowance for credit losses of $420 at May 1, 2025		$	80,752
Unbilled receivables and retentions	​	​	99,333
Inventories, net	​	​	94,167
Income taxes receivable	​	​	3,941
Prepaid expenses and other current assets	​	​	13,628
Long-term investments	​	​	151
Property and equipment	​	​	89,327
Operating lease right-of-use assets	​	​	70,879
Intangibles	​	​	1,025,500
Goodwill	​	​	2,366,888
Other assets	​	​	1,086
Total identifiable assets	​	$	3,845,652
​	​	​	​
Fair value of liabilities assumed:	​	​	​
Accounts payable	​	​	56,930
Wages and related accruals	​	​	43,031
Customer advances	​	​	42,700
Current operating lease liabilities	​	​	6,707
Other current liabilities	​	​	11,971
Non-current operating lease liabilities	​	​	64,720
Deferred income taxes	​	​	134,648
Total liabilities assumed	​	​	360,707
Total identifiable net assets	​	$	3,484,945

Schedule of acquired finite lived intangible assets

The following table summarizes the valuation of the fair value of intangible assets acquired (in thousands):

​

​	​	​	​
​	​	Preliminary Fair Value	Estimated Useful Life
​	​	​	Years
Preliminary fair value of intangible assets acquired:	​	​	​
Backlog	$	49,600	1-2
Customer relationships	​	506,700	4-9
Developed technology	​	469,200	4-10
Intangible assets acquired	$	1,025,500	​

Schedule of proforma information

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Three Months Ended

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Six Months Ended

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November 1,

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October 26,

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November 1,

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October 26,

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​

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2025

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​

2024

​

​

2025

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​

2024

Revenue

​

$

472,508

​

$

403,551

​

$

927,184

​

$

782,475

Net loss attributable to AeroVironment, Inc.

​

$

(6,350)

​

$

(29,186)

​

$

(27,173)

​

$

(118,323)

X

- Definition

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