Filing Flows › AeroVironment (AVAV) › Q3 FY25
AeroVironment (AVAV) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 5, 2025
AeroVironment (AVAV) reported revenue of $168M for the third quarter fiscal 2025 (Q3 FY25), -10% from a year earlier and -11% from the quarter before. Operating margin was -1.8%, net loss $1.8M (1.0% of revenue).
AeroVironment, Q3 FY25: revenue $168M (-10% year over year), operating margin -1.8%, net loss $1.8M, operating cash flow −$25.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $168M | -11% | -10% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | −$25.8M | — | — |
What changed
Revenue was $167.6M in Q3 FY25, down 10% year over year and down 11% from the previous quarter. LMS was the largest line at 50% of revenue. UxS lost $49.5M year over year (down 44%), 262% of the total change.
Gross margin was 37.7%, up 1.6 points from a year earlier. Operating costs exceeded revenue by $3.1M, an operating margin of -1.8%. Operating expenses grew 25% against a revenue fall of 10%. The fastest-growing cost line was SG&A (+57%). The quarter ended with a net loss of $1.8M, after a profit of $7.5M the previous quarter. Non-operating items added $728K, -31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$25.8M. Non-cash charges added back $9.3M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items used $38.7M. Capital expenditures of $3.8M exceeded it, leaving free cash flow of −$29.6M.
Questions
What was AeroVironment's revenue in the third quarter fiscal 2025?
AeroVironment (AVAV) reported revenue of $168M for the third quarter fiscal 2025 (Q3 FY25), -10% from a year earlier and -11% from the quarter before.
Was AeroVironment profitable in the third quarter fiscal 2025?
Operating loss was $3.1M (-1.8% of revenue) and net loss $1.8M.
Source: AeroVironment 10-Q on SEC EDGAR.