AeroVironment (AVAV) Operating Expenses (2010 - 2026)

AeroVironment has reported Operating Expenses for 17 years, with the latest figure at $133.4 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 74.85% year-over-year to $133.4 million; the trailing twelve-month figure through Jan 2026 stood at $532.3 million (up 83.48% YoY), and the FY2025 full-year result was $259.5 million, up 22.34% from the prior year.
• Operating Expenses for Q1 2026 stood at $133.4 million, down from $142.6 million in the prior quarter.
• The five-year high for Operating Expenses was $188.1 million in Q3 2025, with the low at $35.6 million in Q1 2022.
• Historically, Operating Expenses has averaged $72.5 million across 5 years, with a median of $68.2 million in 2025.
• Annual changes were most pronounced in 2022 — Operating Expenses slipped 15.0% — and 2025, when it jumped 154.93%.
• AeroVironment's Operating Expenses stood at $40.2 million in 2022, then increased by 24.79% to $50.2 million in 2023, then soared by 40.15% to $70.3 million in 2024, then jumped by 102.78% to $142.6 million in 2025, then decreased by 6.43% to $133.4 million in 2026.
• The last three Operating Expenses figures came in at $133.4 million (Q1 2026), $142.6 million (Q4 2025), and $188.1 million (Q3 2025), per Business Quant data.