CPI Aerostructures (CVU) Q4 2025 earnings summary

Executive summary

• Revenue declined both in Q4 and full year 2025, reflecting the impact of the A-10 Program termination and a challenging operating environment.

• Transitioned to new programs in the second half of 2025 and secured significant new contracts with major aerospace and defense customers.

• Ended 2025 with a strong backlog of $505 million, supporting future growth initiatives.

Financial highlights

• Q4 2025 revenue was $19.4M (down from $21.8M YoY); full year 2025 revenue was $69.3M (down from $81.1M YoY).

• Q4 2025 net income was $0.7M (down from $1.0M YoY); full year 2025 net loss was ($0.8M) versus net income of $3.3M in 2024.

• Q4 2025 EPS was $0.05 (down from $0.08 YoY); full year 2025 EPS was ($0.07) versus $0.26 in 2024.

• Q4 2025 EBITDA was $1.6M (down from $2.3M YoY); full year 2025 Adjusted EBITDA was $1.0M ($5.5M excluding A-10 impact) versus $7.8M in 2024.

• Gross margin for 2025 was 15.2% (21.1% excluding A-10 impact) compared to 21.3% in 2024.

Outlook and guidance

• Focus remains on executing the $505M backlog and building on long-standing customer relationships.

• Management is committed to optimizing the portfolio and delivering sustainable value.