Filing Flows › CPI Aerostructures (CVU) › Q1 2026 › vs Q1 2025
CPI Aerostructures (CVU) Q1 2026 vs Q1 2025 (year over year)
CPI Aerostructures's revenue rose $2.0M (+13%) from $15.4M in Q1 2025 to $17.4M in Q1 2026. The biggest changes: Government subcontracts +$3.4M (+30%); Prime government contracts −$1.0M (-37%); Commercial contracts −$363K (-28%). Gross margin 25.8% against 10.7% (+15.1 pts).
CPI Aerostructures, Q1 2026: revenue $17.4M (+13% year over year), operating margin 10.5%, net earnings $1.2M, operating cash flow −$425K. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 25.8% | 10.7% | +15.1 pts |
| Operating margin | 10.5% | -7.7% | +18.2 pts |
| Net margin | 7.1% | -8.6% | +15.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Government subcontracts | $14.7M | $11.3M | $3.4M | +30% |
| Prime government contracts | $1.8M | $2.8M | −$1.0M | -37% |
| Commercial contracts | $917K | $1.3M | −$363K | -28% |
| Revenue | $17.4M | $15.4M | $2.0M | +13% |
| Gross profit | $4.5M | $1.6M | $2.8M | +172% |
| Cost of revenue | $12.9M | $13.8M | −$871K | -6% |
| Operating profit | $1.8M | −$1.2M | $3.0M | — |
| Operating expenses | $2.7M | $2.8M | −$186K | -7% |
| Pre-tax earnings | $1.6M | −$1.7M | $3.2M | — |
| Other expense, net | $262K | $487K | −$225K | -46% |
| Net earnings | $1.2M | −$1.3M | $2.6M | — |
| Income tax | $331K | −$349K | $680K | — |
| Operating cash sources | $1.9M | $1.8M | $120K | +7% |
| Depreciation & amortization | $40K | $99K | −$59K | -60% |
| Share-based compensation | $235K | $320K | −$85K | -27% |
| Cash used in operations | $425K | $2.7M | −$2.3M | -84% |
| Working capital & other | $1.9M | $1.8M | $120K | +7% |
Questions
How much did CPI Aerostructures's revenue grow year over year in Q1 2026?
CPI Aerostructures's revenue rose $2.0M (+13%) from $15.4M in Q1 2025 to $17.4M in Q1 2026.
What drove CPI Aerostructures's revenue change in Q1 2026?
Government subcontracts +$3.4M (+30%); Prime government contracts −$1.0M (-37%); Commercial contracts −$363K (-28%).