AeroVironment Inc 2024年度报告

FORM10-K ☒Annual Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934For the fiscal year endedApril30,2025☐Transition Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934For the transition period fromto Commission file number001-33261 AEROVIRONMENT,INC.(Exact name of registrant as specified in its charter) Delaware95-2705790(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)241 18th Street South, Suite 650Arlington,VA22202(Address of Principal Executive Offices)(Zip Code)Registrant’s telephone number, including area code:(703)418-2828 Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of theSecurities Act.Yes⌧No◻ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d) of theAct. Yes◻No⌧ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12months (or for such shorter period that theregistrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding12months (or for such shorter period that the registrant was required to submit such files).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2of the Exchange Act. Large accelerated filer⌧Accelerated filer◻Smaller reportingcompany☐ Non-accelerated filer◻Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.◻ Indicate by check mark whether the registrant has filed a report on and attestation to its management’sassessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recoveryanalysis of incentive-based compensation received by any of the registrant’s executive officers during the relevantrecovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No⌧ The aggregate market value of the voting stock held by non-affiliates of the registrant, based on the closingprice on the NASDAQ Global Select Market on October 26, 2024 was approximately $6,162.2million. As of June18, 2025, the issuer had45,692,904shares of common stock, par value $0.0001 per share, issuedand outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement to be filed with the Securities and ExchangeCommission pursuant to Regulation14A not later than 120days after the conclusion of the registrant’s fiscal yearended April30, 2025, are incorporated by reference into PartIII of this Form10-K. AEROVIRONMENT,INC.INDEX TO FORM 10-K PARTI Item1.Business3Item1A.Risk Factors15Item1B.Unresolved Staff Comments51Item 1C.Cybersecurity51Item2.Properties53Item3.Legal Proceedings54Item4.Mine Safety Disclosure54PART IIItem5.Market for Registrant’s Common Equity, Related Stockholder Matters andIssuer Purchases ofEquitySecurities54Item6.Reserved56Item7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations56Item7A.Quantitative and Qualitative Disclosures About Market Risk75Item8.Financial Statements and Supplementary Data76Item9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure123Item9A.Controls and Procedures123Item9B.Other Information124Item 9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections124PARTIIIItem10.Directors, Executive Officers and Corporate Governance126Item11.Executive Compensation126Item12.Security Ownership of Certain Beneficial Owners and Management andRelated Stockholder Matters126Item13