SEC filings · customer concentration · AVAV

AeroVironment's major customers

U.S. Government accounted for 85% of AeroVironment's revenue in FY 2026, up from 75% a year earlier.

2major customers now
110%of revenue from them
0listed suppliers depending on it
2012–2026years covered
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Major customers of AeroVironment

Customers that AeroVironment named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
U.S. Government85%▲ from 75%FY 2012: 83%FY 2013: 70%FY 2014: 75%FY 2015: 80%FY 2016: 79%FY 2017: 65%FY 2018: 58%FY 2019: 58%FY 2020: 61%FY 2021: 69%FY 2022: 66%FY 2023: 68%FY 2024: 76%FY 2025: 75%FY 2026: 85%15 yearsFY 2026 · filed 29 Jun 2026
U.S. Army25%from 20%FY 2012: 42%FY 2013: 43%FY 2014: 45%FY 2015: 47%FY 2016: 26%FY 2017: 20%FY 2018: 19%FY 2019: 28%FY 2020: 32%FY 2021: 34%FY 2022: 21%FY 2023: 6%FY 2024: 11%FY 2025: 20%FY 2026: 25%15 yearsFY 2026 · filed 29 Jun 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Country Of Ukraine18%last FY 2025FY 2023: 19%FY 2024: 38%FY 2025: 18%3 yearsFY 2025 · filed 29 Jun 2026

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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