Every 10-Q that CPI Aerostructures, Inc. (CVU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CVU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CVU filings page.
CPI Aerostructures reported a return to profitability for the quarter ended June 30, 2026. Q2 revenue was $17,581,532, up 15.8% year over year, with net income of $685,615 versus a loss in the prior-year quarter. Gross margin improved sharply to 22.0%, driven in part by the absence of prior-year A-10 program termination adjustments, though 2026 results still reflect unfavorable estimate changes on certain Embraer and Sikorsky programs.
For the first six months of 2026, revenue was $34,941,472 and net income $1,922,333, with a 23.9% gross margin. Total backlog grew to $533,136,000, including $508,779,000 tied to government and military work, providing multi‑year visibility. Cash stood at $835,875 with working capital of $23,488,549, and total debt under the Western Alliance Bank facilities was $19,111,172. Management states that liquidity is expected to cover needs for at least 12 months and reports that disclosure controls and internal control over financial reporting were effective as of June 30, 2026.
CPI Aerostructures reported a strong turnaround in Q1 2026, posting net income of $1.24 million after a $1.32 million loss a year earlier. Revenue rose to $17.36 million from $15.40 million, driven mainly by higher military subcontract work and favorable adjustments on Next Generation Jammer programs.
Gross profit increased to $4.48 million with margin improving to 25.8% from 10.7%, helped by lower procurement, labor, and overhead costs. Backlog remained very large at $494.96 million, with $96.14 million funded, and about 96% tied to government and military customers.
The company ended the quarter with $1.00 million of cash, $22.73 million of working capital, and $19.17 million outstanding under a $20 million credit facility maturing in 2030. It also put in place a new $30 million shelf registration, including an at‑the‑market equity program of up to about $17 million, to supplement future liquidity if needed.
CPI Aerostructures (CVU) filed its Q3 2025 10‑Q, showing steady quarterly results but weaker year‑to‑date performance. Q3 revenue was $19,269,102 versus $19,419,879 a year ago, with gross margin at 22.3%. Net income rose to $1,113,692 from $749,677, helped by lower SG&A and interest expense. Year to date, revenue was $49,848,818 (down 16% year over year) and gross margin fell to 13.3%, reflecting $8.1 million of unfavorable EAC adjustments tied to the Boeing A‑10 termination and cost increases on several programs.
Liquidity and backlog frame the outlook. Cash declined to $546,591 with $15,890,000 outstanding on the revolver and no current availability, though a Sixteenth Amendment extended maturity to November 30, 2026, reset borrowing limits, and waived prior obligations. Working capital was $15,836,054. Backlog remained strong at $508,963,000 total, including $100,051,000 funded, largely from government programs. As of November 12, 2025, common shares outstanding were 13,185,249.
CPI Aerostructures, Inc. (CVU) reported interim results showing mixed operating trends and balance sheet pressures. Revenue line items and gross profit are presented for the periods ended June 30, 2025 and 2024, with an indicated three‑month net loss of $ (0.10) per share versus prior period income of $0.11 per share. The company discloses $86.8 million of remaining performance obligations to be recognized in the future, reflecting contract backlog.
Balance sheet and liquidity details highlight a revolving loan and term loan facility with borrowing capacity step‑downs and an effective borrowing rate of 9.5% (Prime 7.5% plus margin). Material customer concentration is disclosed (top customers accounting for large percentages of revenue and receivables). Lease and debt maturities and stock‑based compensation plans are detailed, and the company references completed SEC certification relating to prior internal control undertakings.