CPI AEROSTRUCTURES INC (CVU) Form 10-Q — Aug 13, 2026
CPI Aerostructures reported Q2 2026 revenue of $17.6 million, up 15.8% year over year, and swung to net income of $685,615 ($0.05 per basic share) from a prior-year loss of $1,324,959. Military subcontract revenue grew 25.1%, driven by the RTX MPBD Missile Wing and NGJ Mid-Band and Low-Band Pod programs. Gross margin expanded to 22.0% from 4.4%, primarily because the prior-year quarter absorbed roughly $4.0 million of unfavorable adjustments tied to the terminated Boeing A-10 program. The company still booked a $0.7 million net unfavorable estimate adjustment in Q2 2026, mainly on Embraer Phenom-300 and Sikorsky UH60 Gunner Windows work.
Key figures
- Eps
- 0.05
- Revenue
- 17581532
- Net Income
- 685615
- Total Debt
- 19111172
- Revenue Yoy
- 15.8% (Q2 YoY); 14.3% (six-month YoY)
- Total Assets
- 78711016
- Cash Position
- 835875
- Interest Rate
- 6.2%
- Maturity Date
- December 12, 2030
- Shares Outstanding
- 13249734
- Six Month Eps
- 0.15
- Total Backlog
- 533136000
- Funded Backlog
- 100033000
- Working Capital
- 23488549
- Six Month Revenue
- 34941472
- Six Month Net Income
- 1922333
- Gross Margin Q2 2025
- 4.4%
- Gross Margin Q2 2026
- 22.0%
- Q2 Net Eac Adjustment
- -$676,503
- Term Loan Outstanding
- 9937500
- Government Share Of Backlog
- approximately 95%
- Revolving Line Outstanding
- 9173672
- Remaining Performance Obligations
- approximately $100 million
Price after filing
Close on the filing date to close N calendar days later (from $5.66). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.