CPI Aerostructures Reports Fourth Quarter and Full Year 2025 Results

Fourth Quarter 2025 vs. Fourth Quarter 2024 

• Revenue of $19.4 million compared to $21.8 million;
• Gross profit of $3.9 million compared to $4.3 million;
• Gross margin of 20.3% compared to 20.0%;
• Net income of $0.7 million compared to net income of $1.0 million;
• Earnings per share of $0.05 compared to earnings per share of $0.08;
• EBITDA⁽¹⁾ of $1.6 million compared to $2.3 million;

Full Year 2025 vs. Full Year 2024

• Revenue of $69.3 million compared to $81.1 million;
• Gross profit of $10.6 million compared to $17.2 million;
• Gross margin of 15.2% (21.1% excluding A-10 Program impact) compared to 21.3%;
• Net (loss) income of ($0.8) million compared to net income of $3.3 million;
• (Loss) earnings per share of ($0.07) compared to earnings per share of $0.26;
• Adjusted EBITDA⁽¹⁾ of $1.0 million ($5.5 million excluding A-10 Program impact) compared to $7.8 million;
• Debt as of December 31, 2025 of $18.4 million compared to $17.4 million as of December 31, 2024.

EDGEWOOD, N.Y., March 31, 2026 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE:CVU) today announced financial results for the three and twelve months ended December 31, 2025.

“2025 was a challenging year due to the impact of the A-10 Program termination. Nevertheless, we took decisive actions to adapt and transition to new programs in the second half of the year. In addition, we reported significant contract wins aligned with our Aerospace & Defense Programs strategy including new awards from Raytheon, Lockheed Martin, the U.S. Air Force and Sikorsky Aircraft, across multiple aerospace and defense programs,” said Dorith Hakim, President and CEO.

Added Ms. Hakim, “In 2025, we also achieved significant milestones across multiple programs in support of critical defense priorities, including platforms currently in active use. And in December 2025, we refinanced our debt with Western Alliance Bank extending the maturity to December 2030, lowering our interest rate and improving other key terms of the facility. This transaction enhances our financial flexibility as we continue to execute on our backlog and transition to new programs.”

Concluded Ms. Hakim, “As we move forward, we remain committed to optimizing our portfolio and delivering sustainable value to our customers and shareholders, ending the year with a strong backlog of $505 million. Looking ahead we will continue to focus on executing our backlog and building on our long-standing customer relationships.”

About CPI Aero

CPI Aero is a prime contractor to the U.S. Department of Defense as well as a Tier 1 subcontractor to some of the largest aerospace and defense contractors in the world. CPI Aero provides engineering, program management, supply chain management, assembly operations and MRO services to this global network of customers. CPI Aero is recognized as a leader within the international aerospace market in such areas as aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products.

Our OEM customers in the defense sector include Lockheed Martin Corporation/Sikorsky Aircraft, RTX Corporation, Collins Aerospace, L3Harris, Northrop Grumman Corporation and the US Air Force, for a range of military aircraft, pod structures, radar and reconnaissance systems, and other aerospace components, and in the civil aviation market include Embraer S.A. for business jet platforms.

Forward-looking Statements 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release are forward-looking statements. Words such as “remain committed,” “continue,” and similar expressions are intended to identify these forward-looking statements. These forward-looking statements include statements regarding the Company’s backlog, future opportunities and ongoing customer relationships. The Company does not guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements.

Forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission. Although the Company may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statements and it disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

CPI Aero^® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO.

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