Filing Flows › V2X (VVX) › Q1 2026
V2X (VVX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
V2X (VVX) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +23% from a year earlier and +3% from the quarter before. Operating margin was 3.5%, net earnings $18.9M (1.5% of revenue).
V2X, Q1 2026: revenue $1.3B (+23% year over year), operating margin 3.5%, net earnings $18.9M, operating cash flow −$130M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +3% | +23% |
| Operating profit | $44.1M | -14% | +29% |
| Net earnings | $18.9M | -17% | +133% |
| Operating cash flow | −$130M | -162% | — |
What changed
Revenue was $1.3B in Q1 2026, up 23% year over year and up 3% from the previous quarter.
Operating profit was $0.04B, a 3.5% margin (up 0.1 points year over year). Of the extra revenue versus Q1 2025, 4% reached operating profit, above the 3% margin then. Total costs grew 23% against revenue growth of 23%. The fastest-growing cost line was SG&A (+41%). Net earnings were $0.02B, up 133% year over year. The effective tax rate was 19.5%.
Operating cash flow was −$0.13B. Non-cash charges added back $0.03B of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $2.3M exceeded it, leaving free cash flow of −$0.13B.
Questions
What was V2X's revenue in the first quarter 2026?
V2X (VVX) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +23% from a year earlier and +3% from the quarter before.
Was V2X profitable in the first quarter 2026?
Operating profit was $44.1M (3.5% of revenue) and net earnings $18.9M.
Source: V2X 10-Q on SEC EDGAR.