Filing Flows › CPI Aerostructures (CVU) › Q2 2025
CPI Aerostructures (CVU) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 19, 2025
CPI Aerostructures (CVU) reported revenue of $15.2M for the second quarter 2025 (Q2 2025), -27% from a year earlier and -1% from the quarter before. Operating margin was -13.1%, net loss $1.3M (8.7% of revenue).
CPI Aerostructures, Q2 2025: revenue $15.2M (-27% year over year), operating margin -13.1%, net loss $1.3M, operating cash flow −$596K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.2M | -1% | -27% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$596K | — | — |
What changed
Revenue was $15.2M in Q2 2025, down 27% year over year and down 1% from the previous quarter. Government subcontracts was the largest line at 81% of revenue. Government subcontracts lost $4.7M year over year (down 28%), 83% of the total change.
Gross margin was 4.4%, down 20.2 points from a year earlier. Operating costs exceeded revenue by $2.0M, an operating margin of -13.1%. Operating expenses fell 4% while revenue fell 27%. The quarter ended with a net loss of $1.3M, wider than the previous quarter's $1.3M loss.
Operating cash flow was −$596K. Non-cash charges added back $89K of depreciation and amortization and $169K of share-based compensation. Working capital and other items added $472K. Capital expenditures of $4K exceeded it, leaving free cash flow of −$600K.
Questions
What was CPI Aerostructures' revenue in the second quarter 2025?
CPI Aerostructures (CVU) reported revenue of $15.2M for the second quarter 2025 (Q2 2025), -27% from a year earlier and -1% from the quarter before.
Was CPI Aerostructures profitable in the second quarter 2025?
Operating loss was $2.0M (-13.1% of revenue) and net loss $1.3M.
Source: CPI Aerostructures 10-Q on SEC EDGAR.