AVAV restates Q3 FY26 on goodwill error; impairment charge rises $90M, material weakness disclosed

Filed June 22, 2026 · Period ending January 31, 2026 · Compared to 10-Q Mar 11, 2026 · ~2 min read

Key Changes

• high

  Goodwill impairment charge for Space reporting unit increased from $151M to $241M following correction of a calculation error that omitted deferred tax-related goodwill from the carrying value used in the impairment test.

  Notes: Restatement of goodwill impairment view on EDGAR →
• high

  Q3 FY26 net loss widened from $156.6M to$$8M (EPS from -$3.15 to -$4.90); nine-month net loss grew from $241.0M to$$11.7M (EPS from -$4.94 to -$6.73). Retained earnings shifted from +$33.3M to a deficit of -$54.0M.

  MD&A: Q3 net loss verify on EDGAR →
• high

  Company identified a new material weakness in internal control over goodwill impairment analysis—specifically, lack of a properly designed control requiring preparation and review of a reconciliation of goodwill by reporting unit.

  Controls: goodwill impairment material weakness verify on EDGAR →