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How CPI Aerostructures (CVU) makes money

CPI Aerostructures (CVU) made $17.6M of revenue in the second quarter 2026 (Q2 2026), +16% from a year earlier. Government subcontracts brought in $15.3M (87%); Commercial contracts brought in $1.5M (9%); Prime government contracts brought in $716K (4%). Of every dollar of revenue, 22¢ was left as gross profit, 7¢ was left as operating profit, 4¢ was left as net earnings.

Drawing the Sankey…

CPI Aerostructures revenue by segment, Q2 2026CPI Aerostructures revenue by segment, Q2 2026Government subcontracts$15.3MCommercial contracts$1.5MPrime government contracts$716K
CPI Aerostructures: revenue by line, Q4 2024 to Q2 2026CPI Aerostructures: revenue by line, Q4 2024 to Q2 2026Government subcontrac…Prime government cont…Commercial contractsGovernment subcontracts: $15.3M latest$15.3MPrime government contracts: $716K latestCommercial contracts: $1.5M latest$1.5MQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Prime government contracts went from 21% of revenue in Q4 2024 to 4% in Q2 2026, the largest shift in the mix.
CPI Aerostructures revenue by quarterCPI Aerostructures revenue by quarter$21.8MQ4 2024$15.4MQ1 2025$15.2MQ2 2025$19.3MQ3 2025$19.4MQ4 2025$17.4MQ1 2026$17.6MQ2 2026
CPI Aerostructures: where each dollar of revenue goesCPI Aerostructures: where each dollar of revenue goesCost of revenue78¢Gross profit22¢Operating expenses15¢Operating profit7¢Income tax1¢Net earnings4¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Government subcontracts$15.3M87.3%+5%+25%
Commercial contracts$1.5M8.7%+66%-3%
Prime government contracts$716K4.1%-59%-46%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$17.6M100.0%
Cost of revenue$13.7M78.0%
Gross profit$3.9M22.0%
Operating expenses$2.7M15.2%
Operating profit$1.2M6.8%
Income tax$197K1.1%
Net earnings$686K3.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$17.6M+16%
Q1 2026$17.4M+13%
Q4 2025$19.4M-11%
Q3 2025$19.3M-0.8%
Q2 2025$15.2M-27%
Q1 2025$15.4M-19%
Q4 2024$21.8M-7%

From CPI Aerostructures' 10-Q filed Aug 13, 2026 (on EDGAR).

Questions

How does CPI Aerostructures make money?

CPI Aerostructures (CVU) made $17.6M of revenue in the second quarter 2026 (Q2 2026), +16% from a year earlier. Government subcontracts brought in $15.3M (87%); Commercial contracts brought in $1.5M (9%); Prime government contracts brought in $716K (4%). Of every dollar of revenue, 22¢ was left as gross profit, 7¢ was left as operating profit, 4¢ was left as net earnings.

What is CPI Aerostructures' biggest business?

Government subcontracts: $15.3M in the second quarter 2026, 87% of revenue, +25% from a year earlier.

What is CPI Aerostructures' profit margin?

Net earnings were $686K, 3.9% of revenue, in the second quarter 2026; the operating margin was 6.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.