STOCK TITAN

V2X, Inc. 10-Q Filings

VVX NYSE

Every 10-Q that V2X, Inc. (VVX) 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 VVX 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 VVX filings page.

Rhea-AI Summary

V2X, Inc. reported revenue of $1,256,643 (in thousands) for the quarter ended July 3, 2026, up 16.5% year over year, with net income of $25,540 (in thousands), up 14.1%. For the first six months, revenue rose 19.9% to $2,510,771 (in thousands) and net income increased 45.8% to $44,465 (in thousands), driven by program ramp-ups in global training and aerospace and $200.9 million of discrete national security mission work.

Operating income was $53,810 (in thousands) for the quarter and $97,900 (in thousands) year to date, with operating margin at 4.3% for the quarter versus 4.9% a year earlier, as selling, general and administrative expenses grew 35.6% year to date, reflecting higher operating costs, integration activities and merger-and-acquisition evaluation expenses.

Operating activities used $108,360 (in thousands) of cash in the first half, influenced by an estimated $142.9 million net cash outflow from receivables sold under the MARPA Facility and working-capital movements. The company held $214,313 (in thousands) of cash, cash equivalents and restricted cash and has scheduled term-debt payments totaling $1,086,429 (in thousands), alongside $485.1 million of available revolver capacity. Backlog expanded to $12,727 (in millions), including funded backlog of $2,520 (in millions); the company expects to recognize a substantial portion of funded backlog as revenue within the next 12 months, even as a reduction in the LOGCAP V Kuwait task order decreased backlog by $414.6 million.

Rhea-AI Summary

V2X, Inc. reported significantly stronger quarterly results, with revenue rising to $1.25 billion for the three months ended April 3, 2026, up 23% from $1.02 billion a year earlier. Growth was driven mainly by program ramp ups in global training and mission readiness, especially in the U.S. market.

Operating income increased to $44.1 million, up 29%, while net income more than doubled to $18.9 million from $8.1 million, as margins improved slightly despite higher selling, general and administrative costs. Backlog expanded to $13.8 billion, reflecting strong future revenue visibility, including $2.29 billion of funded backlog.

The company ended the quarter with $208.7 million in cash, cash equivalents and restricted cash and access to $479.0 million under its revolving credit facility. Long-term debt remained substantial but scheduled repayments and available liquidity support ongoing operations. V2X highlighted potential scope reductions on its LOGCAP V – Kuwait Task Order after June 2026, which could lower revenue from that contract, though the ultimate impact remains uncertain.

Rhea-AI Summary

V2X, Inc. reported Q3 2025 results with revenue of $1,167.1 million, up from $1,081.7 million a year ago. Operating income rose to $55.7 million from $49.9 million, and net income increased to $24.6 million. Diluted EPS was $0.77 versus $0.47 in the prior year quarter.

Growth was driven by program ramp-ups, with U.S. revenue up 13.2% and Europe up 19.2%, partially offset by small declines in the Middle East and Asia. Interest expense fell to $20.0 million from $27.2 million, aided by $0.7 million of swap gains. Year to date, operating cash flow was a use of $27.5 million, reflecting timing in receivables and working capital; cash ended at $182.3 million.

The balance sheet shows long-term debt of $1,089.3 million and short-term debt of $14.9 million; the company had $475.9 million revolver availability and $24.1 million in outstanding letters of credit. Remaining performance obligations were $3.48 billion, and total backlog was $11.57 billion, with funded backlog of $2.28 billion. Management noted the ongoing U.S. federal government shutdown and said funded work continues, while a prolonged shutdown could materially affect bookings, backlog, and cash flows.