AEROVIRONMENT, INC.
Cash Flow Statement
| Line Item | Jan 2026 | Nov 2025 | Aug 2025 | Jan 2025 | Oct 2024 | Jul 2024 | Jan 2024 | Oct 2023 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-243.8M | $-17.1M | $-67.4M | $-1.8M | $7.5M | $21.2M | $13.9M | $17.8M |
| Depreciation & Amortization | $54.6M | $58.1M | $90.3M | $9.3M | $9.0M | $8.9M | — | — |
| Depreciation | $10.8M | $9.9M | — | $4.5M | $4.2M | — | — | — |
| Amortization | $49.9M | $44.5M | $58.2M | $4.8M | $4.8M | $4.8M | $5.4M | $4.3M |
| Stock-Based Compensation | $8.1M | $8.6M | $11.4M | $5.4M | $5.6M | $4.5M | — | — |
| Net Cash from Operating Activities | — | — | $-123.7M | — | — | $28.4M | — | — |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | $22.7M | — | — | $5.4M | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | — | $-876.6M | — | — | $-6.6M | — | — |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | — | $1.65B | — | — | $-14.0M | — | — |
| Net Change in Cash | — | — | $644.9M | — | — | $7.9M | — | — |
| Free Cash Flow | — | — | $-146.5M | — | — | $22.9M | — | — |
Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.