CPI AEROSTRUCTURES INC (CVU) Form 10-Q — May 15, 2026
CPI Aerostructures reported a strong first quarter 2026, turning a $1.3 million net loss in the prior year period into $1.2 million of net income. Revenue rose 12.7% year-over-year to $17.4 million, driven by favorable adjustments on key military programs including the NGJ Mid Band Pods and Advanced Tactical Pods. Gross margin expanded significantly to 25.8% from 10.7% in Q1 2025, reflecting improved cost structures and the wind-down of the loss-making A-10 program. The company ended the quarter with $1.0 million in cash and $19.2 million in total debt, maintaining a healthy working capital position of $22.7 million.
Key figures
- Eps
- 0.1
- Revenue
- 17359940
- Net Income
- 1236718
- Total Debt
- 19173672
- Revenue Yoy
- 12.7%
- Cash Position
- 1002548
- Gross Margin
- 25.8%
- Gross Profit
- 4479891
- Backlog Total
- 494955000
- Backlog Funded
- 96138000
- Working Capital
- 22725875
- Backlog Unfunded
- 398817000
- Shares Outstanding
- 13209669
Price after filing
Close on the filing date to close N calendar days later (from $3.75). Historical, not a forecast.
AI analysis
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