Filing Flows › CPI Aerostructures (CVU) › Q3 2025
CPI Aerostructures (CVU) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
CPI Aerostructures (CVU) reported revenue of $19.3M for the third quarter 2025 (Q3 2025), -0.8% from a year earlier and +27% from the quarter before. Operating margin was 9.1%, net earnings $1.1M (5.8% of revenue).
CPI Aerostructures, Q3 2025: revenue $19.3M (-0.8% year over year), operating margin 9.1%, net earnings $1.1M, operating cash flow $212K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.3M | +27% | -0.8% |
| Gross profit | $4.3M | +549% | +2% |
| Operating profit | $1.8M | — | +19% |
| Net earnings | $1.1M | — | +49% |
| Operating cash flow | $212K | — | -70% |
| Free cash flow | $211K | — | -64% |
What changed
Revenue was $19.3M in Q3 2025, down 1% year over year and up 27% from the previous quarter. Government subcontracts was the largest line at 81% of revenue. Government subcontracts lost $1.5M year over year (down 9%), 971% of the total change.
Gross margin was 22.3%, up 0.6 points from a year earlier. Operating profit was $1.8M, a 9.1% margin (up 1.5 points year over year). Operating expenses fell 7% while revenue fell 1%. Net earnings were $1.1M, up 49% year over year. The effective tax rate was 18.5%.
Operating cash flow was $212K (down 70% year over year), 19% of net earnings. Non-cash charges added back $79K of depreciation and amortization and $102K of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $1K left free cash flow of $211K.
Questions
What was CPI Aerostructures' revenue in the third quarter 2025?
CPI Aerostructures (CVU) reported revenue of $19.3M for the third quarter 2025 (Q3 2025), -0.8% from a year earlier and +27% from the quarter before.
Was CPI Aerostructures profitable in the third quarter 2025?
Operating profit was $1.8M (9.1% of revenue) and net earnings $1.1M.
Source: CPI Aerostructures 10-Q on SEC EDGAR.