AMEX · Financial Statements

CPI Aerostructures, Inc. (CVU) Financial Statements

$4.86 AMEX: CVU Market Cap $64.39M

CPI Aerostructures, Inc. most recently reported annual revenue of $69.0M, a net loss of $1.0M. Revenue declined at an average annual rate of 4.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

CPI Aerostructures, Inc.: Revenue fell from $81.0M in 2016 to $69.0M in 2025, a change of -14.8% over 9 years; net profit was positive in 6 of 10 reported years; operating margin moved from -5.3% to -0.3%, a shift of +5.0 percentage points; the most recent year shows a net loss of $1.0M.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$81.0M	$81.0M	$84.0M	$88.0M	$88.0M	$103.0M	$83.0M	$86.0M	$81.0M	$69.0M
Operating Expenses	$86.0M	$71.0M	$75.0M	$92.0M	$90.0M	$100.0M	$78.0M	$80.0M	$74.0M	$69.0M
Operating Profit	$-4.0M	$10.0M	$9.0M	$-5.0M	$-2.0M	$3.0M	$5.0M	$6.0M	$7.0M	$0
Operating Margin	-5.3%	12.5%	10.3%	-5.4%	-2.6%	3.1%	5.9%	7.3%	8.3%	-0.3%
Other Income	$-1.0M	$-2.0M	$-2.0M	$-2.0M	$-1.0M	$4.0M	$-2.0M	$-2.0M	$-2.0M	$-2.0M
Interest	$1.0M	$2.0M	$2.0M	$2.0M	$1.0M	$1.0M	$2.0M	$2.0M	$2.0M	$2.0M
Depreciation	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$0	$0	$0
Profit Before Tax	$-6.0M	$8.0M	$7.0M	$-7.0M	$-4.0M	$7.0M	$3.0M	$4.0M	$4.0M	$-2.0M
Tax	$36.4M	$32.0M	$66.9M	$-60,000	$1.4M	$210,000	$-249.8M	$-346.6M	$25.7M	$51.6M
Net Profit	$-4.0M	$6.0M	$2.0M	$-7.0M	$-4.0M	$7.0M	$9.0M	$17.0M	$3.0M	$-1.0M
EPS	$-0.42	$0.65	$0.23	$-0.38	$-0.31	$0.56	$0.74	$1.38	$0.26	$-0.07
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$20.0M	$24.0M	$19.0M	$21.0M	$19.0M	$22.0M	$15.0M	$15.0M	$19.0M	$19.0M	$17.0M	$18.0M
Operating Expenses	$19.0M	$22.0M	$18.0M	$18.0M	$18.0M	$20.0M	$17.0M	$17.0M	$18.0M	$18.0M	$16.0M	$16.0M
Operating Profit	$1.0M	$2.0M	$1.0M	$2.0M	$1.0M	$2.0M	$-1.0M	$-2.0M	$2.0M	$1.0M	$2.0M	$1.0M
Operating Margin	5.7%	6.6%	4.4%	11.2%	7.6%	9.5%	-7.7%	-13.1%	9.1%	6.4%	10.5%	6.8%
Interest	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$0	$0	$0	$0	$0	$0	$0
Profit Before Tax	$1.0M	$1.0M	$0	$2.0M	$1.0M	$2.0M	$-2.0M	$-2.0M	$1.0M	$1.0M	$2.0M	$1.0M
Tax	$40.6M	$-1.5B	$19.0M	$19.5M	$17.1M	$38.5M	$20.9M	$41.7M	$18.5M	$17.1M	$21.1M	$22.3M
Net Profit	$0	$15.0M	$0	$1.0M	$1.0M	$1.0M	$-1.0M	$-1.0M	$1.0M	$1.0M	$1.0M	$1.0M
EPS	$0.02	$1.16	$0.01	$0.11	$0.06	$0.07	$-0.10	$-0.10	$0.09	$0.05	$0.09	$0.05

Over the 10 years reported for CPI Aerostructures, Inc., borrowings decreased from $33.0M in 2016 to $28.0M in 2025, cash stood at $1.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.87 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$118.0M	$124.0M	$144.0M	$44.0M	$47.0M	$55.0M	$59.0M	$74.0M	$68.0M	$75.0M
Current Assets	$111.0M	$120.0M	$140.0M	$35.0M	$38.0M	$43.0M	$43.0M	$47.0M	$44.0M	$43.0M
Cash	$1.0M	$1.0M	$4.0M	$4.0M	$6.0M	$6.0M	$4.0M	$5.0M	$5.0M	$1.0M
Inventory	$0	$2.0M	$10.0M	$6.0M	$6.0M	$4.0M	$2.0M	$1.0M	$1.0M	$1.0M
Receivables	$108.0M	$117.0M	$27.0M	$23.0M	$25.0M	$32.0M	$36.0M	$40.0M	$37.0M	$39.0M
Fixed Assets	$2.0M	$2.0M	$3.0M	$7.0M	$7.0M	$9.0M	$8.0M	$6.0M	$4.0M	$10.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other Assets	$0	$0	$0	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M
Total Liabilities	$50.0M	$50.0M	$50.0M	$52.0M	$59.0M	$60.0M	$55.0M	$52.0M	$42.0M	$49.0M
Current Liabilities	$41.0M	$42.0M	$42.0M	$21.0M	$30.0M	$31.0M	$30.0M	$32.0M	$26.0M	$23.0M
Borrowings	$33.0M	$32.0M	$30.0M	$35.0M	$38.0M	$34.0M	$30.0M	$25.0M	$21.0M	$28.0M
Other Liabilities	$17.0M	$18.0M	$20.0M	$17.0M	$22.0M	$26.0M	$26.0M	$27.0M	$22.0M	$21.0M
Equity	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Reserves	$68.0M	$74.0M	$93.0M	$-8.0M	$-13.0M	$-5.0M	$4.0M	$22.0M	$26.0M	$26.0M

For CPI Aerostructures, Inc., operating cash flow was positive in 5 of 10 reported years; free cash flow in the latest year was negative at $5.0M; free cash flow was positive in 5 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$-7.0M	$2.0M	$-3.0M	$0	$-2.0M	$3.0M	$1.0M	$4.0M	$4.0M	$-5.0M
Investing Cash Flow	$0	$0	$-7.0M	$-1.0M	$0	$0	$0	$0	$-1.0M	$0
Financing Cash Flow	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Net Cash Flow	$0	$0	$5.0M	$-1.0M	$1.0M	$0	$-2.0M	$1.0M	$0	$-5.0M
Free Cash Flow	$-7.0M	$1.0M	$-3.0M	$-1.0M	$-2.0M	$3.0M	$1.0M	$4.0M	$3.0M	$-5.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	0.04
EV / EBITDA	16.43
FCF Yield	-3.44%
Quick Ratio	1.95
Interest Coverage	4.31
Return 1Y	47.83%
Return 3Y	34.21%
Return 5Y	51.79%

CPI Aerostructures, Inc. (CVU) financials — frequently asked questions

What is CPI Aerostructures, Inc.'s annual revenue?

CPI Aerostructures, Inc. (CVU) reported annual revenue of $69.0M in its most recent fiscal year.

What is CPI Aerostructures, Inc.'s net profit?

CPI Aerostructures, Inc. (CVU) reported a net loss of $1.0M in its most recent fiscal year.

What is CVU EV/EBITDA?

CPI Aerostructures, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 16.43.

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