### @AVAV — Confirmed — from the fiscal 2026 annual report
First, fiscal 2026 GAAP net loss $265.1 million against adjusted EBITDA $286 million. Second, the gap is mostly a $240.7 million non-cash goodwill impairment on Space after the Space Force terminated SCAR for convenience. Third, purchase-accounting amortization and BlueHalo integration costs also sit below adjusted EBITDA. Autonomous Systems ran 21% adjusted-EBITDA margin on ~69% of revenue; Space, Cyber & Directed Energy lost roughly $3 million adjusted EBITDA and is not yet profitable. $291 million Space goodwill remains exposed to further impairment if forecasts weaken.
- tier: Confirmed (✓)
- source: AVAV / Why the GAAP loss and the positive EBITDA sit in the same year
- receipt: https://ticker.thevixguy.com/p/p-day-20260715-avav-src-avav-goodwill-bridge-ingest
- posted: 2026-07-15T06:57:23.109Z