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AeroVironment Inc (AVAV): material weakness open 271 days
By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.
AeroVironment Inc reported ineffective internal control over financial reporting because of a material weakness in 1 filing since Jun 29, 2026. It stated one or more material weaknesses in 2 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Aug 1, 2026.
Ctrl Worx Watch List™ status
On the ClockStill filing, and no annual report of its own says the weakness is fixed.
Checked against SEC EDGAR: Oct 29, 2026 · Entry #10579
Causes the company named
ITGC: user access · 7Segregation of duties · 5Accounting expertise and resources · 5ITGC: change management · 5Financial close and reporting · 4Inventory · 4Entity-level and governance · 2Complex or non-routine accounting · 1ITGC: general · 1
What the latest filing says
Based on this assessment, and in light of the material weaknesses identified in our internal control over financial reporting as disclosed in our Form 10-K for the fiscal year ended April 30, 2026, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of August 1, 2026, due to the material weaknesses in internal control over financial reporting described below. Notwithstanding the material weaknesses described below, management has concluded that the financial statements included in this Quarterly Report present fairly, in all material respects, our financial position, results of operations and cash flows in conformity with U.S. GAAP. Material Weaknesses A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. We identified a material weakness in controls over the fin [...]
From the controls section of the 10-Q filed Sep 10, 2026. Read the full filing on SEC EDGAR.
Company response: AeroVironment Inc can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.
Filings
| Filed | Form | Period | Controls | Causes | Filing |
|---|---|---|---|---|---|
| Sep 10, 2026 | 10-Q | Aug 1, 2026 | Material weakness stated, no ICFR conclusion | Financial close and reporting; Complex or non-routine accounting; ITGC: user access | EDGAR |
| Jun 29, 2026 | 10-K | Apr 30, 2026 | Not effective | Financial close and reporting; ITGC: user access | EDGAR |
| Jun 22, 2026 | 10-Q/A | Jan 31, 2026 | Material weakness stated, no ICFR conclusion | Segregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; Entity-level and governance | EDGAR |
| Jun 25, 2025 | 10-K | Apr 30, 2025 | Effective | EDGAR | |
| Mar 5, 2025 | 10-Q | Jan 25, 2025 | Effective | EDGAR | |
| Jun 27, 2024 | 10-K | Apr 30, 2024 | Effective | EDGAR | |
| Jun 28, 2023 | 10-K | Apr 30, 2023 | Effective | EDGAR | |
| Mar 6, 2023 | 10-Q | Jan 28, 2023 | Material weakness stated, no ICFR conclusion | Segregation of duties; Accounting expertise and resources; ITGC: user access; ITGC: change management; Inventory | EDGAR |
| Dec 7, 2022 | 10-Q | Oct 29, 2022 | Material weakness stated, no ICFR conclusion | Segregation of duties; Accounting expertise and resources; ITGC: user access; ITGC: change management; Inventory | EDGAR |
| Sep 8, 2022 | 10-Q | Jul 30, 2022 | Material weakness stated, no ICFR conclusion | Segregation of duties; Accounting expertise and resources; ITGC: user access; ITGC: change management; Inventory | EDGAR |
| Jun 29, 2022 | 10-K | Apr 30, 2022 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governance; Inventory | EDGAR |
| Jun 29, 2021 | 10-K | Apr 30, 2021 | Effective | EDGAR |
Others on the Clock in the same industry
By SEC industry code: 3721, Aircraft, then related codes.
- AEVEX Corp. (AVEX) · open since Mar 2026
- Matternet, Inc. · open since Jun 2026
- AIRO Group Holdings, Inc. (AIRO) · open since Jun 2025
- SDR Drone, Inc. (SDCO) · open since Dec 2022
- DYNAMIC AEROSPACE SYSTEMS Corp (BRQL) · open since Dec 2021
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