--- title: "CPI Aerostructures, Inc. | 8-K: FY2026 Q1 Revenue: USD 17.36 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286768432.md" datetime: "2026-05-18T12:10:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286768432.md) - [en](https://longbridge.com/en/news/286768432.md) - [zh-HK](https://longbridge.com/zh-HK/news/286768432.md) --- # CPI Aerostructures, Inc. | 8-K: 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. #### First Quarter Financial Highlights - **Revenue**: CPI Aerostructures, Inc. reported revenue of $17.4 million for Q1 2026, an increase from $15.4 million in Q1 2025, with exact figures being $17,359,940 in 2026 compared to $15,400,608 in 2025. - **Gross Profit**: Gross profit increased to $4.5 million in Q1 2026 from $1.6 million in Q1 2025, with exact figures of $4,479,891 in 2026 versus $1,649,475 in 2025. - **Gross Profit Margin**: The gross profit margin expanded to 25.8% in Q1 2026, compared to 10.7% in Q1 2025, or 21.6% excluding the A-10 Program impact. - **Net Income**: The company achieved a net income of $1.2 million in Q1 2026, significantly improving from a net loss of - $1.3 million in Q1 2025, with precise figures of $1,236,718 in 2026 compared to a net loss of - $1,323,924 in 2025. - **Income (Loss) from Operations**: Income from operations was $1,829,628 in Q1 2026, reversing a loss of - $1,186,302 in Q1 2025. - **Adjusted EBITDA**: Adjusted EBITDA was $2.1 million in Q1 2026, compared to - $0.8 million in Q1 2025, with exact figures of $2,104,644 in 2026 compared to - $767,306 in 2025. Excluding the A-10 Program impact, Adjusted EBITDA was $2.1 million in Q1 2026, up from $1.4 million in the prior-year period, with the exact Adjusted EBITDA Excluding A-10 adjustment being $2,104,644 in 2026 compared to $1,378,390 in 2025. - **Selling, General and Administrative Expenses**: These expenses decreased to $2,650,263 in 2026 from $2,835,777 in 2025. - **Other Income (Expense)**: Other income (expense) was $30,373 in 2026 compared to $1,500 in 2025. - **Interest Expense**: Interest expense decreased to - $291,935 in 2026 from - $488,091 in 2025. - **Provision (Benefit) for Income Taxes**: There was a provision for income taxes of $331,348 in 2026, compared to a benefit of - $348,969 in 2025. - **Depreciation**: Depreciation was $39,729 in 2026 compared to $98,767 in 2025. - **Stock-based Compensation**: Stock-based compensation was $235,287 in 2026 compared to $320,229 in 2025. #### Balance Sheet Highlights (As of March 31, 2026 vs. December 31, 2025) - **Cash**: Cash increased to $1,002,548 on March 31, 2026, from $899,199 on December 31, 2025. - **Accounts Receivable, net**: Accounts receivable, net was $4,165,949 on March 31, 2026, down from $5,764,928 on December 31, 2025. - **Contract Assets, net**: Contract assets, net increased to $37,021,183 on March 31, 2026, from $33,670,354 on December 31, 2025. - **Inventory**: Inventory was $725,908 on March 31, 2026, compared to $800,823 on December 31, 2025. - **Total Current Assets**: Total current assets increased to $45,970,829 on March 31, 2026, from $43,408,000 on December 31, 2025. - **Total Assets**: Total assets were $77,305,314 on March 31, 2026, up from $75,244,501 on December 31, 2025. - **Accounts Payable**: Accounts payable increased to $16,531,357 on March 31, 2026, from $14,724,293 on December 31, 2025. - **Accrued Expenses**: Accrued expenses were $3,289,821 on March 31, 2026, compared to $4,763,719 on December 31, 2025. - **Contract Liabilities**: Contract liabilities were $1,371,571 on March 31, 2026, down from $1,628,382 on December 31, 2025. - **Total Current Liabilities**: Total current liabilities were $23,244,954 on March 31, 2026, compared to $23,019,245 on December 31, 2025. - **Line of Credit, net of current portion**: This balance increased to $9,173,672 on March 31, 2026, from $8,373,672 on December 31, 2025. - **Long-term Debt, net of current portion**: Long-term debt, net of current portion, was $9,634,471 on March 31, 2026, compared to $9,690,890 on December 31, 2025. - **Total Liabilities**: Total liabilities increased to $50,025,735 on March 31, 2026, from $49,436,927 on December 31, 2025. - **Total Shareholders’ Equity**: Total shareholders’ equity increased to $27,279,579 on March 31, 2026, from $25,807,574 on December 31, 2025. #### Outlook / Guidance CPI Aerostructures, Inc. is well-positioned for continued momentum throughout 2026, supported by a strong backlog of $495 million and improved profitability. The company has also begun preparing for production on new missile work, expanding its presence in high-growth missile and autonomous systems markets. 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