V2X, Inc. (VVX)
V2X, Inc. provides critical mission solutions and support services to defense customers internationally. It offers a suite of integrated solutions multi-domain impact readiness, integrated supply chain management, mission solutions, platform renewal and modernization, national security, defense, civilian, and international customers. The company was incorporated in 2014 and is headquartered in Reston, Virginia. V2X, Inc. is a subsidiary of Vertex Aerospace Holdco LLC.
Sector: Services-Facilities Support Management Services
Industry: Aerospace & Defense
V2X, Inc.
NYSE:VVXIndustrials · Aerospace & Defense
PrePre-market+1.12%$76.99
Close$76.140.00%AH$76.14+1.12%Now$76.99
Close$76.14+2.88%AH$76.14+1.12%since
Mkt Cap$2.39B
Float30.72M
O/S31.35M
PM VOL1K sh
$ Vol≈$77K
RVOL1.29×
Inst Own100.5%
SI7.9%
EarningsFeb 22 · in 4mo
Dilution
Financials Summary
Revenue$4.48B
Net Income$77.88M
Total Assets$3.39B
Free Cash Flow$170.07M
Debt & Equity
Debt 52%
Equity 48%
Total Debt$1.17B
Total Equity$1.08B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VVX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$3.39B
Liabilities$2.3B
Accounts Receivable$738.92M
Accounts Payable$557.04M
Inventory$45.85M
PP&E (Net)$81.64M
Goodwill$1.68B
Intangible Assets$239.76M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Revenue | $4.48B | $4.32B | $3.96B | $2.89B | $1.78B | $1.4B | $1.38B | $1.28B | $1.11B | $1.19B | $1.18B | $1.2B | $1.51B | $1.83B | $1.81B |
| YoY Growth | 3.7% | 9.1% | 37.1% | 62.1% | 27.8% | 0.9% | 8.1% | 14.8% | -6.4% | 0.8% | -1.9% | -20.4% | -17.3% | 1.2% | - |
| Cost of Revenue | $4.11B | $3.98B | $3.63B | $2.6B | $1.62B | $1.27B | $1.25B | $1.16B | $1.01B | $1.08B | $1.08B | $1.08B | $1.3B | $1.64B | $1.65B |
| Gross Profit | $373.38M | $342.96M | $334.86M | $295.01M | $160.42M | $124.15M | $127.97M | $114.69M | $101.95M | $106.91M | $105.65M | $118.76M | $215M | $192.67M | $158M |
| Gross Margin | 8.3% | 7.9% | 8.4% | 10.2% | 9.0% | 8.9% | 9.3% | 9.0% | 9.1% | 9.0% | 8.9% | 9.9% | 14.2% | 10.5% | 8.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $179.11M | $183.76M | $210.44M | $239.24M | $98.4M | $80.68M | $78.32M | $66.37M | $60.73M | $64.09M | $65.69M | $80.34M | $84M | $82.32M | $71M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $179.11M | $183.76M | $210.44M | $239.24M | $98.4M | $80.68M | $78.32M | $66.37M | $60.73M | $64.09M | $65.69M | $80.34M | $84M | $82.32M | $71M |
| Operating Income (EBIT) | $194.27M | $159.2M | $124.42M | $55.77M | $62.02M | $43.48M | $49.65M | $48.32M | $41.22M | $42.83M | $39.96M | $38.42M | $131M | $110.35M | $87M |
| Operating Margin | 4.3% | 3.7% | 3.1% | 1.9% | 3.5% | 3.1% | 3.6% | 3.8% | 3.7% | 3.6% | 3.4% | 3.2% | 8.7% | 6.0% | 4.8% |
| Interest Expense | $84.94M | $109.16M | $123.41M | $61.88M | $7.99M | $4.02M | $6.47M | $5.15M | $4.69M | $5.68M | $6.61M | $1.53M | $10K | $0 | $0 |
| Interest Income | $2.44M | $1.26M | $966K | $165K | $161K | $123K | $0 | $82K | $47K | $41K | $80K | $0 | $121K | $45K | $0 |
| Other Income (Expense) | -$93.37M | -$120.36M | -$148.93M | -$61.88M | -$7.99M | -$4.79M | -$6.47M | -$5.07M | -$4.64M | -$5.64M | -$6.53M | -$1.53M | $0 | $45K | $0 |
| Income Before Tax (EBT) | $100.9M | $38.84M | -$24.52M | -$6.11M | $54.03M | $38.68M | $43.18M | $43.25M | $36.58M | $37.19M | $33.43M | $36.89M | $131M | $110.4M | $87M |
| Income Tax Expense | $23.02M | $4.16M | -$1.95M | $8.22M | $8.31M | $1.73M | $10M | $7.96M | -$22.92M | $13.53M | $2.46M | $14.08M | $47M | $35.73M | $33M |
| Net Income | $77.88M | $34.68M | -$22.57M | -$14.33M | $45.73M | $36.95M | $33.18M | $35.3M | $59.5M | $23.66M | $30.97M | $22.81M | $84M | $74.67M | $54M |
| Net Income Margin | 1.7% | 0.8% | -0.6% | -0.5% | 2.6% | 2.6% | 2.4% | 2.8% | 5.3% | 2.0% | 2.6% | 1.9% | 5.6% | 4.1% | 3.0% |
| Supplementary Data | |||||||||||||||
| EPS | 2.47 | 1.10 | -0.73 | -0.68 | 3.91 | 3.19 | 2.90 | 3.14 | 5.40 | 2.21 | 2.94 | 2.18 | 8.44 | 7.47 | 5.40 |
| Diluted EPS | 2.45 | 1.08 | -0.73 | -0.68 | 3.86 | 3.14 | 2.86 | 3.10 | 5.31 | 2.16 | 2.86 | 2.13 | 8.44 | 7.47 | 5.40 |
| Weighted Average OS | 31.56M | 31.48M | 31.08M | 21.00M | 11.71M | 11.60M | 11.44M | 11.22M | 11.02M | 10.71M | 10.55M | 10.48M | 10.00M | 10.00M | 10.00M |
| EBITDA | $298.37M | $262.88M | $212.2M | $118.4M | $78.57M | $51.6M | $56.14M | $52.65M | $42.91M | $44.75M | $46.4M | $53.8M | $134M | $113.39M | $90M |
| EBITDA Margin | 6.7% | 6.1% | 5.4% | 4.1% | 4.4% | 3.7% | 4.1% | 4.1% | 3.8% | 3.8% | 3.9% | 4.5% | 8.9% | 6.2% | 5.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $368.99M | $268.32M | $72.65M | $116.07M | $38.51M | $66.95M | $35.32M | $66.14M | $77.45M | $47.65M | $39.99M | $42.82M | $10M | $14M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $368.99M | $268.32M | $72.65M | $116.07M | $38.51M | $66.95M | $35.32M | $66.14M | $77.45M | $47.65M | $39.99M | $42.82M | $10M | $14M |
| Accounts Receivable | $738.92M | $710.07M | $706M | $728.58M | $348.61M | $314.96M | $269.14M | $232.12M | $187.75M | $183.07M | $211.8M | $209.84M | $228M | $329M |
| Inventory | $45.85M | $50.89M | $46.98M | $44.97M | $0 | $0 | $0 | -$121K | $12.75M | $11M | $1.24M | $7.11M | $6M | $5M |
| Other Current Assets | $22.93M | $19.36M | $7.86M | -$31.93M | $15.06M | $10.4M | $16.15M | $15.06M | $6.75M | $13.41M | $9.71M | $10.88M | $0 | $3M |
| Total Current Assets | $1.24B | $1.1B | $874.87M | $931.93M | $423.34M | $408.39M | $320.62M | $313.33M | $271.95M | $244.14M | $261.51M | $263.55M | $255M | $358M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $81.64M | $99.78M | $126.64M | $131.54M | $67.41M | $41.29M | $33.5M | $13.42M | $3.73M | $3.06M | $4.76M | $8.92M | $9M | $10M |
| Goodwill | $1.68B | $1.66B | $1.66B | $1.65B | $321.73M | $339.7M | $261.98M | $233.62M | $216.93M | $216.93M | $216.93M | $216.93M | $222M | $222M |
| Intangible Assets | $239.76M | $323.07M | $407.53M | $497.95M | $66.58M | $48.1M | $14.93M | $8.63M | $121K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $10.8M | $0 | $0 | $0 | $0 | $0 | $0 | $104K | $1.76M | $259K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $108.65M | $0 | $0 | $0 | $0 | $0 | $0 | -$104K | -$1.76M | -$259K | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $36.47M | $48.85M | $15.93M | $17.86M | $10.39M | $6.33M | $5.37M | $3.25M | $2.94M | $1.18M | $1.2M | $10.09M | $3M | $1M |
| Total Long-Term Assets | $2.15B | $2.13B | $2.21B | $2.3B | $466.12M | $435.42M | $315.77M | $258.92M | $223.6M | $221.17M | $222.89M | $235.94M | $234M | $233M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $3.39B | $3.23B | $3.08B | $3.23B | $889.46M | $843.81M | $636.39M | $572.24M | $495.55M | $465.31M | $484.4M | $499.49M | $489M | $591M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $557.04M | $547.57M | $453.05M | $406.71M | $212.53M | $159.59M | $148.01M | $156.39M | $115.9M | $118.06M | $122.44M | $114.49M | $109.7M | $162M |
| Short-Term Debt | $25.72M | $20M | $15.36M | $11.85M | $10.4M | $8.6M | $6.5M | $4.5M | $4M | $15.75M | $22M | $11.38M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $3.73M | $4.14M | $6.42M | $124K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $109.42M | $98.67M | $109.58M | $76.43M | $0 | $0 | $0 | $0 | $3.77M | $1.42M | $6.03M | $5.81M | $12M | $12M |
| Other Current Liabilities | $146.83M | $67.93M | $64.61M | $184.47M | $46.91M | $46.85M | $71.48M | $22.3M | $51.34M | $47.09M | $44.32M | $17.22M | $11.89M | $22M |
| Total Current Liabilities | $1.02B | $996.22M | $840.2M | $783.13M | $358.25M | $288.41M | $245.08M | $224.99M | $182.18M | $187.84M | $212.52M | $230.74M | $208M | $300M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $1.11B | $1.09B | $1.1B | $1.26B | $94.25M | $168.75M | $63.04M | $69.14M | $73.21M | $67.84M | $89.61M | $122.48M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $137M | $20.98M | $11.76M | $15.81M | $40.66M | $56.19M | $49.41M | $55.36M | $55.33M | $89.67M | $91.34M | $75.34M | $75M | $70M |
| Other Long-Term Liabilities | $8.23M | $64.19M | $104.18M | $133.19M | $11.68M | $11.55M | $10.19M | $1.46M | $1.46M | $2.45M | $1.42M | $113.75M | $15M | $20M |
| Total Long-Term Liabilities | $1.29B | $1.21B | $1.25B | $1.45B | $181.12M | $250.46M | $132.44M | $125.96M | $130M | $160.07M | $182.57M | $214.88M | $90M | $90M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.3B | $2.2B | $2.09B | $2.24B | $539.37M | $538.87M | $377.52M | $350.94M | $312.18M | $347.9M | $395.09M | $445.62M | $298M | $390M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $317K | $316K | $312K | $305K | $117K | $116K | $115K | $113K | $111K | $109K | $106K | $105K | $192.22M | $203M |
| Retained Earnings | $343.42M | $265.54M | $230.85M | $253.42M | $267.75M | $222.03M | $185.07M | $152.62M | $117.42M | $57.96M | $34.3M | $3.33M | $0 | $0 |
| Comprehensive Income & Other | -$7.91M | -$9.42M | -$2.69M | -$5.53M | -$5.9M | -$27K | -$5.08M | -$3.16M | -$1.68M | -$4.58M | -$3.74M | -$2.53M | -$1M | -$2M |
| Other Stockholders' Equity | $740.9M | $760.3M | $759.64M | $743.35M | $82.22M | $82.8M | $73.67M | $68.57M | $65.85M | $59.33M | $54.9M | $50.44M | -$1.22M | -$2M |
| Total Equity | $1.08B | $1.03B | $990.8M | $997.08M | $350.09M | $304.94M | $258.87M | $221.3M | $183.37M | $117.4M | $89.31M | $53.88M | $191M | $201M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $3.39B | $3.23B | $3.08B | $3.23B | $889.46M | $843.81M | $636.39M | $572.24M | $495.55M | $465.31M | $484.4M | $499.49M | $489M | $591M |
| Supplementary Data | ||||||||||||||
| Total Debt | $1.17B | $1.15B | $1.16B | $1.33B | $151.16M | $197.57M | $85.09M | $73.64M | $77.21M | $83.59M | $111.61M | $137.38M | $0 | $0 |
| Net Debt | $800.79M | $884.2M | $1.09B | $1.22B | $112.65M | $130.62M | $49.78M | $7.49M | -$242K | $35.94M | $71.62M | $94.55M | -$10M | -$14M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Operating Activities | |||||||||||||||
| Net Income | $77.88M | $34.68M | -$22.57M | -$14.33M | $45.73M | $36.95M | $33.18M | $35.3M | $59.5M | $23.66M | $30.97M | $22.81M | $84M | $74.67M | $54M |
| Depreciation & Amortization | $112.52M | $114.88M | $113.31M | $62.63M | $16.55M | $8.13M | $6.49M | $3.8M | $1.69M | $1.92M | $3.14M | $2.15M | $3M | $3.04M | $3M |
| Deferred Income Tax | $9.33M | $7.73M | -$7.51M | -$15.55M | -$7.28M | $0 | $0 | $475K | -$35.32M | -$2.16M | -$9.4M | $11.28M | $0 | $0 | $0 |
| Stock-Based Compensation | $11.92M | $15.97M | $32.84M | $32.74M | $8.33M | $9.45M | $8.26M | $4.1M | $4.47M | $4.65M | $6.66M | $2.32M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||
| Accounts Receivable | -$23.48M | $25.18M | $19.06M | -$52.31M | -$36.38M | $1M | -$21.05M | -$24.65M | $178K | $37.81M | -$9.89M | $21.61M | $101.55M | $24.68M | $0 |
| Inventory | $0 | -$3.98M | -$311K | -$3.6M | -$5.23M | $0 | $0 | -$9.87M | $2.18M | -$20.68M | -$13.78M | $0 | $0 | $0 | $0 |
| Accounts Payable | $5.46M | $75.33M | $43.15M | $71.84M | $56.98M | -$2.68M | -$11.73M | $29.96M | -$4.35M | -$3.77M | $8.87M | $6.17M | -$51M | $9.92M | $78M |
| Other Working Capital | -$17.38M | -$26.39M | -$21.61M | $6.31M | -$18.35M | $10.87M | $11.95M | $653K | -$29.72M | -$8.58M | -$8.91M | $9.24M | $56M | $28.25M | -$100M |
| Total Working Capital Change | -$35.41M | $70.14M | $40.3M | $22.23M | -$2.97M | $9.19M | -$20.84M | -$3.91M | -$31.7M | $4.79M | -$23.7M | $15.41M | $5M | $38.17M | -$22M |
| Other Non-Cash Items | $5.73M | $10.83M | $31.6M | $5.78M | $977K | $372K | $466K | $299K | $36.78M | $3.77M | $11.22M | -$10.99M | -$67.19M | $38.17M | $0 |
| Net Cash from Operating | $181.99M | $254.24M | $187.97M | $93.5M | $61.34M | $64.08M | $27.56M | $40.06M | $35.41M | $36.62M | $18.88M | $42.98M | $92M | $115.87M | $35M |
| Investing Activities | |||||||||||||||
| Capital Expenditures | -$11.92M | -$11.79M | -$25.02M | -$12.43M | -$9.78M | -$4.5M | -$16.15M | -$10.03M | -$2.34M | -$741K | -$793K | -$3.85M | -$2M | -$3.23M | -$3M |
| Acquisitions | -$17.66M | -$16.94M | $1.35M | $188.37M | $262K | -$133.61M | -$45.07M | -$36.85M | $0 | $116K | $387K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $76K | $1.02M | $9K | -$3.13M | $84K | $5.4M | $33K | -$2.34M | $689K | $911K | $497K | $0 | $666K | $0 |
| Net Cash from Investing | -$29.58M | -$28.65M | -$22.65M | $175.96M | -$12.64M | -$138.03M | -$55.83M | -$46.85M | -$2.34M | -$52K | $118K | -$3.35M | -$2M | -$2.56M | -$3M |
| Financing Activities | |||||||||||||||
| Debt Repaid | $18.92M | $15.33M | $182.6M | $189.32M | $73.6M | -$108.5M | $4.5M | $4M | $6M | $29M | $23.38M | -$137.38M | - | - | - |
| Common Stock Issuance | $557K | $154K | $0 | $0 | $0 | $0 | $0 | $1.59M | $0 | $2.15M | $239K | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$30M | $0 | $0 | $0 | $0 | $0 | $0 | -$880K | -$1.32M | -$987K | -$1.3M | -$229K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$3.12M | -$9.33M | -$28.42M | -$3.91M | -$1.99M | -$2.73M | $2.6M | $715K | -$1.13M | $938K | $1.67M | -$143.75M | -$94.92M | -$113.75M | -$17M |
| Net Cash from Financing | -$51.48M | -$24.5M | -$211.02M | -$193.24M | -$75.58M | $105.77M | -$1.9M | -$3.29M | -$7.13M | -$28.06M | -$21.71M | -$6.61M | -$95M | -$113.75M | -$17M |
| Forex Effect | -$255K | -$5.42M | $2.29M | $1.34M | -$3.33M | $1.58M | -$663K | -$1.23M | $3.87M | -$848K | -$116K | -$645K | $1M | $1.05M | -$2M |
| Net Change in Cash | $100.67M | $195.67M | -$43.42M | $77.55M | -$30.21M | $33.41M | -$30.83M | -$11.31M | $29.8M | $7.66M | -$2.83M | $32.38M | -$4M | $604K | $13M |
| Supplementary Data | |||||||||||||||
| Operating Cash Flow | $181.99M | $254.24M | $187.97M | $93.5M | $61.34M | $64.08M | $27.56M | $40.06M | $35.41M | $36.62M | $18.88M | $42.98M | $92M | $115.87M | $35M |
| Capital Expenditure | -$11.92M | -$11.79M | -$25.02M | -$12.43M | -$9.78M | -$4.5M | -$16.15M | -$10.03M | -$2.34M | -$741K | -$793K | -$3.85M | -$2M | -$3.23M | -$3M |
| Free Cash Flow | $170.07M | $242.45M | $162.95M | $81.07M | $51.56M | $59.58M | $11.41M | $30.03M | $33.07M | $35.88M | $18.09M | $39.13M | $90M | $112.64M | $32M |
| Cash at Beginning | $268.32M | $72.65M | $116.07M | $38.51M | $68.73M | $35.32M | $66.14M | $77.45M | $47.65M | $39.99M | $42.82M | $10.45M | $14M | $13.8M | $1M |
| Cash at End | $368.99M | $268.32M | $72.65M | $116.07M | $38.51M | $68.73M | $35.32M | $66.14M | $77.45M | $47.65M | $39.99M | $42.82M | $10M | $14.4M | $14M |