Revenue
$4.48B
Fiscal year ended 2025-12-31Operating income
$194.27M
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31V2X, Inc. (VVX) reported revenue of $4.48B and net income of $77.88M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from V2X, Inc.’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.48B | $4.32B | $3.96B | $2.89B | $1.78B | $1.40B | $1.38B | $1.28B | $1.11B | $1.19B |
| Cost of revenue | $4.11B | $3.98B | $3.63B | $2.60B | $1.62B | $1.27B | $1.25B | $1.16B | $1.01B | $1.08B |
| Gross profit | $373.38M | $342.96M | $334.86M | $295.01M | $160.42M | $124.15M | $127.96M | $114.43M | $101.95M | $106.91M |
| Operating income | $194.27M | $159.20M | $124.42M | $55.77M | $62.02M | $43.48M | $49.65M | $48.06M | $41.22M | $42.83M |
| Net income | $77.88M | $34.68M | -$22.57M | -$14.33M | $45.73M | $36.95M | $33.18M | $35.09M | $59.50M | $23.66M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 31.82M | shares 31.97M | shares 31.08M | shares 21.00M | shares 11.84M | shares 11.75M | shares 11.61M | shares 11.38M | shares 11.21M | shares 10.97M |
| Pretax income | $100.90M | $38.84M | -$24.52M | -$6.11M | $54.04M | $38.68M | $43.18M | $42.98M | $36.58M | $37.19M |
| Income tax expense | $23.02M | $4.16M | -$1.94M | $8.22M | $8.31M | $1.73M | $10.00M | $7.90M | -$22.92M | $13.53M |
| Diluted EPS | $2.45 | $1.08 | $-0.73 | $-0.68 | $3.86 | $3.14 | $2.86 | $3.08 | $5.31 | $2.16 |
| Selling, general & administrative | $179.11M | $183.76M | $210.44M | $239.24M | $98.40M | $80.68M | $78.32M | $66.37M | $60.73M | $64.09M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | $116.07M | $38.51M | $66.95M | $35.32M | Unavailable | Unavailable | Unavailable |
| Total assets | $3.27B | $3.23B | $3.08B | $3.23B | $889.46M | $843.81M | $636.39M | $572.24M | $495.55M | $465.30M |
| Current assets | $1.23B | $1.10B | $874.87M | $931.93M | $423.34M | $408.39M | $320.62M | $313.33M | $271.95M | $244.14M |
| Total liabilities | $2.19B | $2.20B | $2.09B | $2.24B | $539.37M | $538.87M | $377.52M | $350.94M | $312.18M | $347.90M |
| Current liabilities | $1.01B | $996.22M | $840.20M | $783.13M | $358.25M | $288.41M | $245.08M | $224.99M | $182.18M | $187.84M |
| Total equity incl. NCI | $1.08B | $1.03B | $990.80M | $997.08M | $350.09M | $304.94M | $258.86M | $220.32M | $182.61M | $117.40M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $45.85M | $50.89M | $46.98M | $44.97M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $730.26M | $710.07M | $706.00M | $728.58M | $348.60M | $314.96M | $269.14M | $232.12M | $175.00M | $172.07M |
| Goodwill | $1.68B | $1.66B | $1.66B | $1.65B | $321.73M | $339.70M | $261.98M | $233.62M | $216.93M | $216.93M |
| Long-term debt | $1.08B | $1.09B | $1.10B | $1.26B | $94.25M | $168.75M | $63.04M | $69.14M | $73.21M | $67.84M |
| Accounts payable | $557.04M | $547.57M | $453.05M | $406.71M | $212.53M | $159.59M | $148.02M | $156.39M | $115.90M | $118.06M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $181.99M | $254.24M | $187.97M | $93.50M | $61.34M | $64.08M | $27.56M | $40.06M | $35.41M | $36.62M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$29.58M | -$28.65M | -$22.65M | $175.96M | -$12.64M | -$138.02M | -$55.82M | -$46.85M | -$2.34M | -$52.00K |
| Financing cash flow | -$51.48M | -$24.50M | -$211.02M | -$193.24M | -$75.58M | $105.77M | -$1.90M | -$3.28M | -$7.13M | -$28.06M |
| Net change in cash | $100.67M | $195.67M | -$43.42M | $77.55M | -$30.21M | $33.41M | -$30.83M | -$11.31M | $29.80M | $7.66M |
| Stock-based compensation | $11.92M | $15.97M | $32.84M | $32.74M | $8.33M | $9.44M | $8.26M | $4.10M | $4.47M | $4.65M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $30.00M | $0 | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 8.3% | 7.9% | 8.4% | 10.2% | 9.0% | 8.9% | 9.3% | 8.9% | 9.1% | 9.0% |
| Operating margin | 4.3% | 3.7% | 3.1% | 1.9% | 3.5% | 3.1% | 3.6% | 3.8% | 3.7% | 3.6% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 0.3% | 0.4% | 0.8% | 1.1% | 0.5% | 0.7% | 0.6% | 0.3% | 0.4% | 0.4% |
| Current ratio | 1.22x | 1.11x | 1.04x | 1.19x | 1.18x | 1.42x | 1.31x | 1.39x | 1.49x | 1.30x |
| Revenue YoY growth | 3.7% | 9.1% | 37.1% | 62.1% | 27.8% | 0.9% | 8.1% | 14.7% | -6.4% | Unavailable |
| Net margin | 1.7% | 0.8% | -0.6% | -0.5% | 2.6% | 2.6% | 2.4% | 2.7% | 5.3% | 2.0% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 1.00x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 22.8% | 10.7% | Unavailable | Unavailable | 15.4% | 4.5% | 23.2% | 18.4% | -62.6% | 36.4% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open VVX in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-03View SEC filing
10-Q · Filed 2026-05-04View SEC filing
10-K · Filed 2026-02-23View SEC filing
10-Q · Filed 2025-11-03View SEC filing
10-Q · Filed 2025-08-04View SEC filing
10-Q · Filed 2025-05-05View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.