CPI AEROSTRUCTURES INC

Listed Company

CVUCIK 0000889348NYSENon-AcceleratedSmaller ReportingAircraft Parts & Auxiliary Equipment, NecNew YorkFY ends Dec 31

Period

FY 2025

Revenue

$69.26M

Net Income

$-843.4K

Total Assets

—

Equity

—

Shares Out

13.21M

Op. Cash Flow

$-5.20M

Business

CPI Aerostructures Inc is a manufacturer of structural assemblies, integrated systems, and kitted components for the aerospace and defense industry. It offers aerostructures, aerosystems (including pod structures and radar housings), large-diameter tube bending, complex welding, electrical cables, harnesses and enclosures, and MRO, supply chain and kitting services. Key business segments include aerostructures, aerosystems, welding/tube-bending and electrical/harness capabilities, supported by engineering, program and supply-chain services. The company serves domestic and international A&D markets as a Tier 1 and Tier 2 supplier to OEMs and as a prime contractor to the U.S. Department of Defense, selling via prime/subcontract arrangements and direct government contracts.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	69	81	86	83	103
Cost of sales	59	64	69	67	88
Gross profit	11	17	17	16	15
Selling, general and administrative expenses	11	11	11	11	12
(Loss) income from operations	−176,382	7	6	5	3
Interest expense	−2	−2	—	—	—
(Loss) income before benefit (provision) for income taxes	−2	4	4	3	7
Benefit (provision) for income taxes	900,861	−1	−13	−7	14,609
Net (loss) income	−843,361	3	17	9	7
(Loss) income per common share-basic	−0.07	0.26	1.4	0.74	0.56
(Loss) income per common share-diluted	−0.07	0.26	1.38	0.74	0.56
Basic	13	13	12	12	12
Diluted	13	13	12	12	12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	899,199	5	5	4	6
Accounts receivable, net	6	4	4	5	5
Contract assets, net	34	33	35	27	24
Inventory	800,823	918,288	1	2	4
Prepaid expenses and other current assets	2	634,534	718,026	975,830	625,075
Total Current Assets	43	44	47	43	43
Operating lease right-of-use assets	10	3	5	7	8
Property and equipment, net	412,553	767,904	794,056	1	2
Deferred tax asset, net	20	19	20	7	—
Goodwill	2	2	2	2	2
Other assets	229,691	143,615	189,774	238,744	372,741
Total Assets	75	68	74	59	55
Accounts payable	15	11	10	8	10
Accrued expenses	5	8	10	7	6
Contract liabilities	2	2	6	6	5
Loss reserve	138,426	22,832	337,351	576,549	1
Current portion of line of credit	—	3	2	1	—
Current portion of long-term debt	187,500	26,483	44,498	2	3
Operating lease liabilities	1	2	2	2	2
Income taxes payable	142,540	58,209	30,107	11,396	5,165
Total Current Liabilities	23	26	32	30	31
Line of credit, net of current portion	8	15	18	20	21
Long-term operating lease liabilities	8	938,418	3	5	6
Long-term debt, net of current portion	10	—	26,483	70,981	2
Total Liabilities	49	42	52	55	60
Preferred stock - $0.01 par value; authorized 5,000,000 shares, 0 shares, issued and outstanding	—	—	—	—	—
Common stock - $.001 par value; authorized 50,000,000 shares, 13,155,061 and 12,978,741 shares, respectively, issued and outstanding	13,155	12,979	12,771	12,507	12,336
Additional paid-in capital	75	74	74	73	73
Accumulated deficit	−49	−49	−52	−69	−78
Total Shareholders Equity	26	26	22	4	−5
Total Liabilities and Shareholders Equity	75	68	74	59	55

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	420,387	430,006	470,950	688,096	1
Amortization of debt issuance costs	75,260	46,159	103,304	133,997	49,642
Stock-based compensation expense	806,610	604,682	770,626	355,878	828,286
Deferred income taxes	−1	1	−13	−7	—
Provision for credit losses	−69,360	144,565	—	72,099	—
(Increase) decrease in accounts receivable	−2	491,253	505,576	37,843	−132,221
(Increase) decrease in contract assets	−838,064	2	−8	−3	−5
Decrease in inventory	117,466	518,359	1	2	2
(Increase) decrease in prepaid expenses and other current assets	−2	83,492	297,804	−350,755	−321,422
Decrease in operating right-of-use assets	2	2	2	1	—
(Decrease) increase in accounts payable and accrued expenses	380,037	−2	5	−1	−1
(Decrease) in contract liabilities	−802,281	−4	−64,097	878,960	3
(Decrease) in lease liabilities	−2	−2	−2	−1	—
Increase (decrease) in loss reserve	115,594	−314,519	−239,198	−919,165	−513,533
Increase in income taxes payable	84,331	28,102	18,711	6,231	4,217
Net cash (used in) provided by operating activities	−5	4	4	944,329	3
Purchase of property and equipment	−65,036	−403,854	−140,450	−40,789	−29,188
Net cash used in investing activities	−65,036	−403,854	−140,450	−40,789	−29,188
Repayments on line of credit	−17	−3	−960,000	−250,000	—
Repayments on long-term debt	−26,483	−44,498	−2	−3	−3
Proceeds from line of credit	8	—	—	—	511,315
Proceeds from long-term debt	10	—	—	—	—
Proceeds from insurance financing obligation	369,467	326,125	330,482	—	—
Repayments of insurance financing obligation	−281,496	−338,037	−49,572	—	—
Taxes paid related to net share settlement of equity awards	−88,917	−52,502	−87,132	—	—
Debt issuance costs	−282,946	—	−54,334	—	—
Net cash provided by (used in) financing activities	673,297	−3	−3	−3	−2
Net (decrease) increase in cash	−5	396,169	1	−2	275,329
Cash paid during the year for interest	2	2	2	2	1
Cash paid for income taxes	71,475	5,484	4,364	25,291	10,392
Increase to operating right-of-use asset and operating lease liability from lease amendment	8	—	—	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro