V2X, Inc.

Listed Company

VVXCIK 0001601548NYSELarge AcceleratedServices-Facilities Support Management ServicesIndianaFY ends Dec 31

Period

FY 2025

Revenue

$4.48B

Net Income

$77.88M

Total Assets

$3.28B

Equity

$1.08B

Shares Out

31.31M

Op. Cash Flow

$181.99M

VVX$75.69+59.13% · past yearDBEQ Basic

Daily closing prices

Business

V2X, Inc. is a leading provider of critical mission solutions to defense customers operating in 349 locations across 49 countries and territories. The company delivers end-to-end capabilities including multi-domain high-impact readiness training, integrated supply chain management, assured communications, mission solutions, and platform renewal and modernization. V2X serves national security, defense, civilian and international customers primarily through long-term contracts with the U.S. Department of Defense, Army, Navy and Air Force, operating as a single reportable segment.

Summary from 10-K filed 2026-02-23

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	4,480	4,322	3,963	2,891	1,784
Cost of revenue	4,107	3,979	3,628	2,596	1,623
Selling, general and administrative expenses	179	184	210	239	98
Operating income	194	159	124	56	62
Loss on extinguishment of debt	−3	−2	−22	0	0
Interest expense, net	−80	−108	−122	−62	−8
Other expense, net	−11	−10	−4	0	0
Income (loss) from operations before income taxes	101	39	−25	−6	54
Income tax expense (benefit)	23	4	−2	8	8
Net income (loss)	78	35	−23	−14	46
Basic (in dollars per share)	2.47	1.1	−0.73	−0.68	3.91
Diluted (in dollars per share)	2.45	1.08	−0.73	−0.68	3.86
Weighted average common shares outstanding - basic (in shares)	32	31	31	21	12
Weighted average common shares outstanding - diluted (in shares)	32	32	31	21	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, cash equivalents and restricted cash	369	268	73	116	39
Receivables	739	710	706	729	349
Prepaid expenses and other current assets	127	124	49	42	—
Total current assets	1,235	1,102	875	932	423
Property, plant, and equipment, net	52	62	85	79	24
Goodwill	1,677	1,657	1,657	1,654	322
Intangible assets, net	240	323	408	498	67
Other non-current assets	77	84	16	18	10
Total non-current assets	2,046	2,126	2,207	2,301	466
Total Assets	3,281	3,229	3,082	3,233	889
Accounts payable	557	548	453	407	213
Compensation and other employee benefits	177	167	158	168	80
Short-term debt	15	20	15	12	10
Other accrued liabilities	267	262	214	197	55
Total current liabilities	1,016	996	840	783	358
Long-term debt, net	1,083	1,087	1,100	1,263	94
Deferred tax liabilities	28	21	12	16	32
Other non-current liabilities	69	98	104	133	20
Total non-current liabilities	1,181	1,206	1,251	1,453	181
Total liabilities	2,196	2,203	2,091	2,236	539
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock; $0.01 par value; 10,000,000 shares authorized; No shares issued and outstanding	0	0	0	0	0
Common stock; $0.01 par value; 100,000,000 shares authorized; 31,735,083 shares issued and 31,171,445 shares outstanding as of December 31, 2025; 31,560,490 shares issued and outstanding as of December 31, 2024	317,000	316,000	312,000	305,000	117,000
Treasury stock, at cost - 563,638 and no shares as of December 31, 2025 and 2024, respectively	−30	0	—	—	—
Additional paid in capital	779	770	762	749	88
Retained earnings	343	266	231	253	268
Accumulated other comprehensive loss	−8	−9	−3	−6	−6
Total shareholders' equity	1,085	1,026	991	997	350
Total Liabilities and Shareholders' Equity	3,281	3,229	3,082	3,233	889

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 expense	17	21	22	13	7
Amortization of intangible assets	91	91	90	49	10
Amortization of cloud computing arrangements	5	3	480,000	514,000	—
Gain from acquisitions, net	0	−2	0	0	—
Impairment of non-operating long-lived asset	0	2	0	0	—
(Gain) loss on disposal of property, plant, and equipment	−3	1	683,000	59,000	65,000
Stock-based compensation	12	16	33	33	8
Deferred taxes	9	8	−8	−16	−7
Amortization of debt issuance costs	6	7	9	8	912,000
Gain on disposition of business	0	0	−450,000	−2	0
Receivables	−23	25	19	−52	−36
Other assets	9	−42	11	14	−8
Accounts payable	5	75	43	72	57
Compensation and other employee benefits	9	9	−10	43	1
Other liabilities	−36	3	−23	−51	−12
Net cash provided by operating activities	182	254	188	93	61
Purchases of capital assets and intangibles	−12	−12	−25	−12	−10
Proceeds from the disposition of assets	10	76,000	16,000	9,000	16,000
Acquisition of businesses, net of cash acquired	−28	−17	0	194	262,000
Disposition of business	0	0	1	−5	0
Distributions from joint venture	0	0	1	0	—
Net cash used in investing activities	−30	−29	−23	176	−13
Proceeds from issuance of long-term debt	0	0	250	0	0
Repayments of long-term debt	−15	−15	−433	−108	−9
Proceeds from revolver	663	1,266	923	392	529
Repayments of revolver	−663	−1,266	−923	−473	−594
Proceeds from exercise of stock options	557,000	154,000	34,000	408,000	379,000
Purchase of treasury stock	−30	0	0	—	—
Payment of debt issuance costs	−4	−1	−9	−2	−17,000
Prepayment premium on early redemption of debt	0	0	−2	0	0
Payments of employee withholding taxes on share-based compensation	−3	−8	−18	−2	−2
Net cash used in financing activities	−51	−24	−211	−193	−76
Exchange rate effect on cash	−255,000	−5	2	1	−3
Net change in cash, cash equivalents and restricted cash	101	196	−43	78	−30
Interest paid	78	108	117	54	6
Income taxes paid, net of amounts refunded	10	9	8	13	10
Purchase of capital assets on account	1	22,000	3	3	277,000
Purchase of treasury stock on account	274,000	0	0	—	—

Filings

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Frequently asked questions

What is V2X, Inc.'s CIK number?

V2X, Inc.'s SEC CIK number is 0001601548 (1601548). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find V2X, Inc.'s SEC filings?

All of V2X, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did V2X, Inc. last report earnings?

V2X, Inc. (VVX) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001601548-26-000026). This is V2X, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is V2X, Inc.'s most recent earnings 8-K?

V2X, Inc.'s latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001601548-26-000026. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View V2X, Inc.'s latest earnings 8-K →
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