Filing Flows › CPI Aerostructures (CVU) › Q4 2025
CPI Aerostructures (CVU) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
CPI Aerostructures (CVU) reported revenue of $19.4M for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and +0.7% from the quarter before. Operating margin was 6.4%, net earnings $692K (3.6% of revenue).
CPI Aerostructures, Q4 2025: revenue $19.4M (-11% year over year), operating margin 6.4%, net earnings $692K, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.4M | +0.7% | -11% |
| Gross profit | $3.9M | -9% | -9% |
| Operating profit | $1.2M | -29% | -40% |
| Net earnings | $692K | -38% | -29% |
| Operating cash flow | −$2.1M | -1088% | -148% |
What changed
Revenue was $19.4M in Q4 2025, down 11% year over year and up 1% from the previous quarter. Government subcontracts was the largest line at 85% of revenue.
Gross margin was 20.3%, up 0.3 points from Q4 2024. Operating profit was $1.2M, a 6.4% margin (down 3.1 points year over year). Operating expenses grew 18% against a revenue fall of 11%. Net earnings were $692K, down 29% year over year. The effective tax rate was 17.1%.
Operating cash flow was −$2.1M. Non-cash charges added back $154K of depreciation and amortization and $216K of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $1K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was CPI Aerostructures' revenue in the fourth quarter 2025?
CPI Aerostructures (CVU) reported revenue of $19.4M for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and +0.7% from the quarter before.
Was CPI Aerostructures profitable in the fourth quarter 2025?
Operating profit was $1.2M (6.4% of revenue) and net earnings $692K.
Source: CPI Aerostructures 10-K on SEC EDGAR.