Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Q4 FY2025 Earnings Presentation
14 slides from Aerovironment's earnings presentation, Jun 24, 2025
Slide 1: Fourth Quarter and Full Fiscal Year 2025 Earnings Conference Call
Fourth Quarter and Full Fiscal Year 2025 Earnings Conference Call JUNE 24, 2025
Slide 2: Forward-Looking Statements
[2] © 2025 AEROVIRONMENT, INC. This presentation contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results,
Slide 3: Fourth Quarter Fiscal Year 2025 Key Messages
[3] © 2025 AEROVIRONMENT, INC. Completed BlueHalo acquisition on May 1, 2025, establishing AV as a premier defense tech prime best aligned to our customers’ highest priorities Achieved record full fiscal year revenue of $821 million, and record fourth-quarter revenue of $275 million, up 14% and 40%
Slide 4: Full Year FY25 Results Year-over-Year
[4] © 2025 AEROVIRONMENT, INC. Fiscal Year 2025 Results YEAR-OVER-YEAR [YoY] 1 FY25 GAAP NET INCOME WAS $43.6M. REFER TO ADJUSTED EBITDA RECONCILIATION ON APPENDIX C. 2 FY25 GAAP EPS WAS $1.55 PER DILUTED SHARE. REFER TO RECONCILIATION OF NON-GAAP EARNINGS PER DILUTED SHARE ON APPENDIX A. Metric FY2
Slide 5: Fourth Quarter Results Year-over-Year
[5] © 2025 AEROVIRONMENT, INC. Fourth Quarter Fiscal Year 2025 Results YEAR-OVER-YEAR [YoY] 1.Q4 GAAP NET INCOME WAS $16.7M. Refer to Adjusted EBITDA reconciliation on Appendix C. 2 Q4 GAAP EPS was $0.59 per diluted share. Refer to Reconciliation of Non-GAAP Earnings Per Diluted Share on Appendix A
Slide 6: Revenue Mix by Segment and Type
[6] © 2025 AEROVIRONMENT, INC. $- $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 MW $19.5 $17.5 $25.3 $19.9 $24.1 LMS $73.8 $52.0 $77.7 $83.9 $138.4 UxS $103.7 $120.0 $85.4 $63.8 $112.6 Revenue in millions $167.6 $189.5 $197.0 $188.5 $275.1 Revenue Mix by Segment an
Slide 7: Adjusted Profitability by Type and Non-GAAP EPS
[7] © 2025 AEROVIRONMENT, INC. Adjusted Profitability by Type and Non-GAAP EPS 1 Q4 GAAP Product Margin of 38% and Service Margin of 27%. Refer to GAAP to NON-GAAP reconciliation of Gross Margin on Appendix B. 2 Refer to Reconciliation of Non-GAAP Diluted Earnings Per Share on Appendix A. 41% 48% 44
Slide 8: Updated Guidance: Fiscal 2026 Outlook
[8] © 2025 AEROVIRONMENT, INC. Updated Guidance: Fiscal 2026 Outlook 1 THE COMPANY CANNOT PROVIDE A RECONCILIATION TO GAAP NET INCOME OR EARNINGS PER DILUTED SHARE WITHOUT UNREASONABLE EFFORTS DUE TO THE SIZE AND COMPLEXITY OF THE BLUEHALO ACQUISITION AND THE INHERENT DIFFICULTY OF FORECASTING THE A
Slide 9: Revenue Visibility for FY26
[9] © 2025 AEROVIRONMENT, INC. Revenue [Millions] Visibility for FY26 1 BASED ON MIDPOINT OF GUIDANCE RANGE OF $1.9 TO $2.0 BILLION $1,003.8 $245.4 $- $250 $500 $750 $1,000 $1,250 $1,500 $1,750 $2,000 $2,250 $2,500 Q4 FY25 (6/24/25) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Revenue - Unfunded Backlog Anticipa
Slide 10: FY25 Pro Forma Data and FY26 Guidance
[10] © 2025 AEROVIRONMENT, INC. FY25 Pro Forma Data and FY26 Guidance FIGURES ARE $USD IN MILLIONS UNLESS OTHERWISE NOTED ABOVE 1 THE COMPANY CANNOT PROVIDE A RECONCILIATION TO GAAP NET INCOME, OR EARNINGS PER DILUTED SHARE WITHOUT UNREASONABLE EFFORTS DUE TO THE SIZE AND COMPLEXITY OF THE BLUEHALO
Slide 11: Financial Tables
AV. Financial Tables
Slide 12: GAAP to Non-GAAP Reconciliation of Earnings per Diluted Share
[12] © 2025 AEROVIRONMENT, INC. GAAP to Non-GAAP Reconciliation of Earnings per Diluted Share (unaudited) APPENDIX A - FINANCIAL TABLES Fiscal Year ended April 30, 2024 Fiscal year ended April 30, 2025 Three months ended April 30, 2024 Three months ended April 30, 2025 Earnings per diluted share $0.
Slide 13: GAAP to Non-GAAP Reconciliation of Adjusted Gross Margin
[13] © 2025 AEROVIRONMENT, INC. GAAP to NON-GAAP Reconciliation of Adjusted Gross Margin APPENDIX B - FINANCIAL TABLES Fiscal 4th Quarter FY2025 Fiscal 3rd Quarter FY2025 Fiscal 2nd Quarter FY2025 Fiscal 1st Quarter FY2025 Fiscal 4th Quarter (in thousands) FY2024 Products Gross Margin $ 64,550 $ 73,
Slide 14: Historical Adjusted EBITDA Reconciliation
[14] © 2025 AEROVIRONMENT, INC. Historical ADJUSTED EBITDA Reconciliation APPENDIX C - FININACIAL TABLES Full Fiscal Year 2025 Fiscal 4th Quarter 2025 Fiscal 3rd Quarter 2025 Fiscal 2nd Quarter 2025 Fiscal 1st Quarter 2025 Full Fiscal Year (in thousands) Fiscal 4th Quarter 2024 2024 Net Income (loss