Business Acquisitions (Tables)

9 Months Ended

Jan. 31, 2026

Business Acquisitions

Summary of purchase consideration

(in thousands)		Amount
Equity consideration transferred	$	2,640,365
Settlement of BlueHalo’s transaction expenses		25,214
Settlement of BlueHalo’s debt		863,207
Merger consideration	$	3,528,786
Less cash acquired		(43,841)
Fair value of consideration transferred	$	3,484,945

Summary of the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition

	May 1,
	2025
Fair value of assets acquired:
Accounts receivable, net of allowance for credit losses of $420 at May 1, 2025	$	80,752
Unbilled receivables and retentions		96,455
Inventories, net		88,167
Income taxes receivable		3,941
Prepaid expenses and other current assets		13,628
Long-term investments		151
Property and equipment		89,327
Operating lease right-of-use assets		70,879
Intangibles		1,029,800
Goodwill		2,356,239
Other assets		1,086
Total identifiable assets	$	3,830,425
Fair value of liabilities assumed:
Accounts payable		56,930
Wages and related accruals		43,031
Customer advances		42,700
Current operating lease liabilities		6,707
Other current liabilities		11,971
Non-current operating lease liabilities		64,720
Deferred income taxes		119,421
Total liabilities assumed		345,480
Total identifiable net assets	$	3,484,945

Summary of acquired finite lived intangible assets

The following table summarizes the valuation of the fair value of intangible assets acquired (in thousands):

		Preliminary Fair Value	Estimated Useful Life
			Years
Preliminary fair value of intangible assets acquired:
Backlog	$	49,900	1-2
Customer relationships		499,500	4-9
Developed technology		480,400	4-10
Intangible assets acquired	$	1,029,800

Schedule of proforma information

	Three Months Ended				Nine Months Ended
	January 31,		January 25,		January 31,		January 25,
	2026		2025		2026		2025
Revenue	$	408,045	$	395,623	$	1,335,229	$	1,178,098
Net loss attributable to AeroVironment, Inc.	$	(236,653)	$	(27,535)	$	(265,293)	$	(138,675)