--- title: "CPI Aerostructures, Inc. | 10-Q: FY2026 Q1 Revenue: USD 17.36 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286632855.md" datetime: "2026-05-16T04:16:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286632855.md) - [en](https://longbridge.com/en/news/286632855.md) - [zh-HK](https://longbridge.com/zh-HK/news/286632855.md) --- # CPI Aerostructures, Inc. | 10-Q: FY2026 Q1 Revenue: USD 17.36 M Revenue: As of FY2026 Q1, the actual value is USD 17.36 M. EPS: As of FY2026 Q1, the actual value is USD 0.09. EBIT: As of FY2026 Q1, the actual value is USD 2.122 M. CPI Aerostructures, Inc. operates as a single operating and reportable segment, with all financial information presented on a consolidated basis . #### Revenue Total revenue for the three months ended March 31, 2026, increased by 12.7% to $17,359,940, up from $15,400,608 in the prior year period . This increase was primarily driven by favorable adjustments on the NGJ – Mid Band Pods and Advanced Tactical Pods program and NGJ – Low Band Pods program .- Government subcontracts revenue increased by 29.6% to $14,678,977 for the three months ended March 31, 2026, compared to $11,326,608 for the same period in 2025 .- Prime government contracts revenue decreased by 36.9% to $1,764,056 for the three months ended March 31, 2026, from $2,793,612 in the prior year .- Commercial contracts revenue decreased by 28.4% to $916,907 for the three months ended March 31, 2026, from $1,280,388 in 2025 . #### Operational Metrics - Cost of Sales decreased by 6.3% to $12,880,049 for the three months ended March 31, 2026, from $13,751,133 in 2025 . - Procurement costs decreased by 9.5% to $7,509,709 from $8,294,588 . - Labor costs decreased by 19.9% to $1,316,157 from $1,642,586 . - Factory overhead decreased by 4.4% to $3,937,186 from $4,118,581 . - Other cost of sales increased to $116,997 from - $304,622 . - Gross Profit increased by 171.6% to $4,479,891, resulting in a gross profit percentage of 25.8% for the three months ended March 31, 2026, compared to $1,649,475 and 10.7% in the prior year . Net adjustments to gross profit were - $732,189 for the three months ended March 31, 2026, compared to - $3,129,230 in the prior year period . - Selling, General and Administrative Expenses decreased by 6.5% to $2,650,263 for the three months ended March 31, 2026, from $2,835,777 in 2025 . - Income from operations was $1,829,628 for the three months ended March 31, 2026, a significant improvement from a loss of - $1,186,302 in the same period of 2025 . - Interest Expense decreased by 40.2% to - $291,935 for the three months ended March 31, 2026, from - $488,091 in 2025 . - Income before provision for income taxes was $1,568,066 for the three months ended March 31, 2026, compared to a loss of - $1,672,893 in the prior year . - Provision for income taxes was $331,348 for the three months ended March 31, 2026, compared to a benefit of - $348,969 in 2025 . - Net income for the three months ended March 31, 2026, was $1,236,718, compared to a net loss of - $1,323,924 for the same period last year . #### Cash Flow - Net cash used in operating activities was - $424,703 for the three months ended March 31, 2026, an improvement from - $2,721,614 in the prior year period . - Net cash used in investing activities was - $53,055 for the three months ended March 31, 2026, compared to - $59,403 in the prior year period . - Net cash provided by financing activities was $581,107 for the three months ended March 31, 2026, compared to net cash used of - $841,366 in the prior year period . - Cash at end of period was $1,002,548 as of March 31, 2026, an increase from $899,199 at December 31, 2025 . #### Unique Metrics - Total backlog decreased to $494,955,000 as of March 31, 2026, from $504,522,000 at December 31, 2025 . - Funded backlog increased to $96,138,000 from $91,818,000 . - Unfunded backlog decreased to $398,817,000 from $412,704,000 . - Approximately 96% of the total backlog at March 31, 2026, was attributable to government and military contractor contracts . - Working capital increased by 11.5% to $22,725,875 at March 31, 2026, compared to $20,388,755 at December 31, 2025 . - Contract assets, net, increased to $37,021,183 at March 31, 2026, from $33,670,354 at December 31, 2025 . Contract liabilities decreased to $1,371,571 at March 31, 2026, from $1,628,382 at December 31, 2025 . - Total inventory decreased to $725,908 at March 31, 2026, from $800,823 at December 31, 2025 . - As of March 31, 2026, the company had $19,173,672 outstanding under the Loan and Security Agreement with Western Alliance Bank . This included $9,173,672 under the Revolving Line and $10,000,000 under the Term Loan, both maturing on December 12, 2030 . - Total stock-based compensation expense was $235,287 for the three months ended March 31, 2026, compared to $320,229 in the prior year period . #### Future Outlook and Strategy CPI Aerostructures, Inc. believes its existing liquidity resources as of March 31, 2026, will be sufficient to meet working capital needs for at least the next 12 months . To address potential additional liquidity requirements, the company may utilize cash balances, available borrowings under credit facilities, and other potential sources, including its existing shelf registration statement and at-the-market offering program . The company filed a shelf registration statement on Form S-3 for up to $30 million of securities and entered into an at-the-market offering program for up to $17 million of common stock, which became effective on April 14, 2026 . ### Related Stocks - [CVU.US](https://longbridge.com/en/quote/CVU.US.md) ## Related News & Research - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Keysight Technologies Reports Second Quarter 2026 Results | KEYS Stock News](https://longbridge.com/en/news/286959830.md) - [OS Therapies to Announce First Quarter 2026 Financials on Monday, May 18, 2026 | OSTX Stock News](https://longbridge.com/en/news/286607728.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)