Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Q4 2025 Earnings Presentation
14 slides from Aerovironment's earnings presentation, Jun 24, 2025
Slide 1: Fourth Quarter and Full Fiscal Year 2025 Earnings Conference Call
JUNE 24, 2025 Fourth Quarter and Full Fiscal Year 2025 Earnings Conference Call
Slide 2: Safe Harbor Statement
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, performance or achievements, an
Slide 3: Fourth Quarter Fiscal Year 2025 Key Messages
Fourth Quarter Fiscal Year 2025 Key Messages Achieved record full fiscal year Completed BlueHalo acquisition on revenue of $821 million, and record May 1, 2025, establishing AV as a fourth-quarter revenue of $275 premier defense tech prime best aligned million, up 14% and 40% to our customers’ highe
Slide 4: Fiscal Year 2025 Results
Fiscal Year 2025 Results Metric FY25 YoY Change Notes Revenue $820.6 m +14% Overall increase driven by higher product sales in LMS. GAAP Increase driven by higher product gross margin offset by a slight decrease in Gross Margin $318.6 m +12% service gross margin. Non-GAAP Adjusted EBITDA1 $146.4 m +
Slide 5: Fourth Quarter Fiscal Year 2025 Results
Fourth Quarter Fiscal Year 2025 Results Metric Q4FY25 YoY Change Notes Revenue $275.1 m +40% Overall increase driven by strong product sales in LMS. GAAP Overall increase driven by higher product margin partially offset by lower service gross Gross Margin $100.3 m +33% margin and an acceleration of
Slide 6: Revenue Mix by Segment and Type
Revenue Mix by Segment and Type Quarterly Revenue By Segment Quarterly Revenue By Type 100% 60% 20% 12% 16% 16% 17% $300.0 90% $275.1 50% 80% $250.0 70% 43% Percentage Quarterly Revenue 40% 39% $197.0 38% 38% $200.0 $189.5 $188.5 60% 36% $167.6 50% 30% $150.0 88% 84% 84% 83% 40% 80% Revenue in milli
Slide 7: Adjusted Profitability by Type and Non-GAAP EPS
Adjusted Profitability by Type and Non-GAAP EPS PERCENTAGE ADJUSTED GROSS MARGIN1 NON-GAAP DILUTED EPS2 60% 48% $2.00 44% 44% $1.80 41% 45% 41% $1.61 40% 40% 41% 40% $1.60 39% 38% $1.40 $1.20 29% 30% 28% $1.00 20% $0.80 20% $0.60 $0.43 $0.40 $0.20 0% $- Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY2
Slide 8: Updated Guidance: Fiscal 2026 Outlook
Updated Guidance: Fiscal 2026 Outlook AS OF 06/24/2025 FY25 RESULTS FY26 GUIDANCE NOTES / ASSUMPTIONS 1st Half = 45% Revenue $821 million $1.9 to $2.0 billion 2nd Half = 55% • EBITDA % Trending 10%-12% in Q1 to High Teens % by Q4 • Adj. Gross Margins 29% to 31% • IRAD 6% to 7% Adjusted EBITDA $300 m
Slide 9: Visibility for FY26
Visibility for FY26 Revenue [Millions] $2,500 $2,250 Revenue Guidance Range: $2,000 $1.9 to $ 2.0B Company visibility $1,750 70% $1,500 visibility 1 supports $1,250 $245.4 Revenue - Unfunded Backlog Anticipated this FY revenue $1,000 $112.0 Revenue - Qtr-to-Date guidance $750 Bookings Anticipated th
Slide 10: FY25 Pro Forma Data and FY26 Guidance
FY25 Pro Forma Data and FY26 Guidance Revenue: $1.9B to $2.0B AV Consolidated Adj. EBITDA $: $300M to $320M1 FY26 Guidance Non-GAAP EPS: $2.80 to $3.001 Autonomous Systems Space, Cyber & Directed Energy FY25 Pro Forma Revenue FY26 Guidance FY25 Pro Forma Revenue FY26 Guidance Revenue: $1.2B to $1.4B
Slide 11: Financial Tables
SA\> Financial Tables
Slide 12: GAAP to Non-GAAP Reconciliation of Earnings per Diluted Share
APPENDIX A - FINANCIAL TABLES GAAP to Non-GAAP Reconciliation of Earnings per Diluted Share (unaudited) Three months ended Three months ended Fiscal year ended Fiscal Year ended April 30, 2025 April 30, 2024 April 30, 2025 April 30, 2024 Earnings per diluted share $0.59 $0.22 $1.55 $2.18 Acquisition
Slide 13: GAAP to Non-GAAP Reconciliation of Adjusted Gross Margin
APPENDIX B - FINANCIAL TABLES GAAP to NON-GAAP Reconciliation of Adjusted Gross Margin Fiscal 4th Quarter Fiscal 1st Quarter Fiscal 2nd Quarter Fiscal 3rd Quarter Fiscal 4th Quarter (in thousands) FY2024 FY2025 FY2025 FY2025 FY2025 Products Gross Margin $ 64,550 $ 73,985 $ 64,179 $ 58,752 $ 91,459 I
Slide 14: Historical Adjusted EBITDA Reconciliation
APPENDIX C - FININACIAL TABLES Historical ADJUSTED EBITDA Reconciliation Full Fiscal Year Fiscal 1st Quarter Fiscal 2nd Fiscal 3rd Fiscal 4th Full Fiscal Year (in thousands) Fiscal 4th Quarter 2024 2024 2025 Quarter 2025 Quarter 2025 Quarter 2025 2025 Net Income (loss) from continued operations 6,04