Filing Flows › CPI Aerostructures (CVU) › Q1 2025
CPI Aerostructures (CVU) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
CPI Aerostructures (CVU) reported revenue of $15.4M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -29% from the quarter before. Operating margin was -7.7%, net loss $1.3M (8.6% of revenue).
CPI Aerostructures, Q1 2025: revenue $15.4M (-19% year over year), operating margin -7.7%, net loss $1.3M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.4M | -29% | -19% |
| Operating profit | −$1.2M | -157% | — |
| Net earnings | −$1.3M | -236% | — |
| Operating cash flow | −$2.7M | -162% | — |
What changed
Revenue was $15.4M in Q1 2025, down 19% year over year and down 29% from the previous quarter. Government subcontracts was the largest line at 74% of revenue. Government subcontracts lost $3.7M year over year (down 24%), 100% of the total change.
Gross margin was 10.7%, down 7.9 points from a year earlier. Operating costs exceeded revenue by $1.2M, an operating margin of -7.7%. Operating expenses grew 4% against a revenue fall of 19%. The quarter ended with a net loss of $1.3M, after a profit of $1.0M the previous quarter.
Operating cash flow was −$2.7M. Non-cash charges added back $99K of depreciation and amortization and $320K of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $59K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was CPI Aerostructures' revenue in the first quarter 2025?
CPI Aerostructures (CVU) reported revenue of $15.4M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -29% from the quarter before.
Was CPI Aerostructures profitable in the first quarter 2025?
Operating loss was $1.2M (-7.7% of revenue) and net loss $1.3M.
Source: CPI Aerostructures 10-Q on SEC EDGAR.