The combination of declining fundamentals and immediate capital raising suggests financial stress. Monitor upcoming quarters for signs of recovery from new contract wins and whether the ATM offering proceeds can stabilize the balance sheet without excessive dilution.
Price Chart
Executive Summary
CPI Aerostructures reported full-year 2025 revenue of $69.3 million (down from $81.1 million in 2024) and a net loss of $0.8 million, reversing from $3.3 million net income in 2024. This weak performance, combined with a recent $17 million at-the-market offering, signals financial distress and raises concerns about dilution and capital needs.
Key Financial Metrics
Key Facts
- Full-year 2025 revenue declined 14.6% YoY to $69.3 million (from $81.1 million in 2024)
- Net loss of $0.8 million in 2025 vs. net income of $3.3 million in 2024
- Gross margin fell to 15.2% (from 21.3% in 2024), excluding A-10 Program impact it was 21.1%
- Company recently filed a $17 million at-the-market offering (424B5) within one week of this earnings report
- Debt increased to $18.4 million as of December 31, 2025, from $17.4 million in 2024
Financial Impact
Revenue down $11.8 million YoY, net income deteriorated by $4.1 million, with gross margin compression of 610 basis points
Risk Factors
- Continued revenue decline and margin pressure from program transitions
- Shareholder dilution from the $17 million ATM offering
- Execution risk on new contract awards to offset legacy program declines
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001999371-26-007364 |
| Document: cvu-8k_033126.htm | 0001999371-26-007364 |
| Document: 0001999371-26-007364-index-headers.html | 0001999371-26-007364 |
| Document: 0001999371-26-007364-index.html | 0001999371-26-007364 |
| Document: 0001999371-26-007364.txt | 0001999371-26-007364 |
| 8-K Data (Synthetic) | 0001999371-26-007364 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 10w ago | Press Release | $5.86 | awaiting T+60 | — | $5.00 (−14.68%) |
May 26, 2026 22w ago | Press Release | $5.09 $5.67 | ▲ +11.39% | ▲ +8.67% | $5.00 (−1.77%) |
May 18, 2026 23w ago | 8-K | $4.20 $5.48 | ▲ +30.48% | ▲ +25.63% | $5.00 (+19.05%) |
Apr 15, 2026 27w ago | EFFECT | $3.44 $5.16 | ▼ −50.00% | ▼ −41.86% | $5.00 (−45.35%) |
Apr 7, 2026 29w ago | S-3/A | $3.25 $5.47 | ▼ −68.31% | ▼ −55.04% | $5.00 (−53.85%) |
Mar 31, 2026 30w ago | 8-K | $3.41 $5.30 | ▼ −55.43% | ▼ −42.05% | $5.00 (−46.63%) |
Mar 9, 2026 33w ago | Press Release | $4.81 $5.10 | ▲ +6.03% | ▼ −5.96% | $5.00 (+3.95%) |
Mar 3, 2026 34w ago | Press Release | $4.52 $4.92 | ▲ +8.85% | ▼ −1.47% | $5.00 (+10.62%) |
US Market Status
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