Business Acquisitions (Tables)
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9 Months Ended |
Jan. 31, 2026 |
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| Business Acquisitions |
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| 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 |
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| 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 |
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| 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 | |
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| 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) |
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