AeroVironment shares fell more than 20% in June after the company disclosed accounting errors in its financial statements. The errors, revealed in an SEC filing on June 22, involved the carrying value used in a goodwill impairment calculation, which understated loss from operations and net loss by $89.4 million and nearly $87.3 million respectively for the three- and nine-month periods ending January 31, 2026. Total assets were overstated by $89.4 million and stockholders' equity by nearly $87.3 million. Although AeroVironment quickly published corrected figures, the mistakes hurt investor sentiment. The stock later rebounded after the company reported strong fiscal fourth-quarter results, with revenue more than doubling to almost $642 million and GAAP net income rising to $63 million from $17 million.
AeroVironment IncDisclosed accounting errors understated losses and overstated assets, hurting investor sentiment.