Filing Flows › V2X (VVX) › Q4 2025
V2X (VVX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
V2X (VVX) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +4% from the quarter before. Operating margin was 4.2%, net earnings $22.8M (1.9% of revenue).
V2X, Q4 2025: revenue $1.2B (+5% year over year), operating margin 4.2%, net earnings $22.8M, operating cash flow $209M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +4% | +5% |
| Operating profit | $51.4M | -8% | -0.4% |
| Net earnings | $22.8M | -7% | -9% |
| Operating cash flow | $209M | +431% | -6% |
| Free cash flow | $207M | +493% | -7% |
What changed
Revenue was $1.2B in Q4 2025, up 5% year over year and up 4% from the previous quarter.
Operating profit was $0.05B, a 4.2% margin (down 0.2 points year over year). Operating profit fell $197K even though revenue rose $0.06B versus a year earlier, so costs grew faster than sales. Total costs grew 6% against revenue growth of 5%. Net earnings were $0.02B, down 9% year over year. The effective tax rate was 20.5%.
Operating cash flow was $0.21B (down 6% year over year), 920% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $0.16B. Capital expenditures of $2.3M left free cash flow of $0.21B.
Questions
What was V2X's revenue in the fourth quarter 2025?
V2X (VVX) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +4% from the quarter before.
Was V2X profitable in the fourth quarter 2025?
Operating profit was $51.4M (4.2% of revenue) and net earnings $22.8M.
Source: V2X 10-K on SEC EDGAR.