V2X, Inc. (VVX) Income Statement
VVX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVVX revenue and net income
Where VVX's revenue goes
2025Each bar shows an amount and its share of revenue. VVX kept 1.7% of revenue as net income.
VVX profit margins
VVX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.7% | +15.7% | +26.3% | +14.3% |
| Gross profit | +8.9% | +8.2% | +24.6% | +13.5% |
| Operating income | +22.0% | +51.6% | +34.9% | +17.1% |
| Net income | +124.5% | — | +16.1% | +9.7% |
| EPS (diluted) | +20.5% | +24.0% | +9.7% | +8.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VVX quarterly EPS vs estimates
V2X beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 2, 2026 (estimate $1.54).
VVX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $373.4M | $343.0M | $334.9M | $295.0M | $160.4M | $124.2M | $128.0M | $114.7M | $101.9M | $106.9M |
| Sales, general & admin | $179.1M | $183.8M | $210.4M | $239.2M | $98.4M | $80.7M | $78.3M | $66.4M | $60.7M | $64.1M |
| Total operating expenses | $179.1M | $183.8M | $210.4M | $239.2M | $98.4M | $80.7M | $78.3M | $66.4M | $60.7M | $64.1M |
| Operating income | $194.3M | $159.2M | $124.4M | $55.8M | $62.0M | $43.5M | $49.6M | $48.3M | $41.2M | $42.8M |
| Interest income | $2.4M | $1.3M | $966,000 | $165,000 | $161,000 | $123,000 | $182,000 | $82,000 | $4.6M | $5.6M |
| Interest expense | $84.9M | $109.2M | $123.4M | $61.9M | $8.0M | $4.0M | $6.5M | $5.2M | $4.7M | $5.7M |
| Income before taxes | $100.9M | $38.8M | −$24.5M | −$6.1M | $54.0M | $38.7M | $43.2M | $43.3M | $36.6M | $37.2M |
| Income taxes | $23.0M | $4.2M | −$1.9M | $8.2M | $8.3M | $1.7M | $10.0M | $8.0M | −$22.9M | $13.5M |
| Net income | $77.9M | $34.7M | −$22.6M | −$14.3M | $45.7M | $37.0M | $33.2M | $35.3M | $59.5M | $23.7M |
| EBITDA | $298.4M | $262.9M | $212.2M | $118.4M | $78.6M | $51.6M | $56.1M | $52.7M | $42.9M | $44.7M |
| EPS (diluted) | $5.24 | $4.35 | $2.53 | $2.75 | $4.16 | $3.30 | $3.11 | $3.05 | $2.17 | $2.16 |
| Gross margin | 8.3% | 7.9% | 8.4% | 10.2% | 9.0% | 8.9% | 9.3% | 9.0% | 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% |
| Net margin | 1.7% | 0.8% | −0.6% | −0.5% | 2.6% | 2.6% | 2.4% | 2.8% | 5.3% | 2.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.26B | $1.25B | $1.22B | $1.17B | $1.08B | $1.02B | $1.16B | $1.08B | $1.07B | $1.01B | $1.04B | $1.00B |
| Cost of revenue | $1.15B | $1.15B | $1.11B | $1.07B | $982.6M | $937.8M | $1.05B | $990.2M | $998.3M | $940.3M | $942.4M | $930.8M |
| Gross profit | $109.5M | $105.8M | $105.0M | $94.5M | $95.7M | $78.1M | $107.4M | $91.4M | $73.8M | $70.3M | $97.9M | $70.7M |
| Sales, general & admin | $55.7M | $61.7M | $53.7M | $38.8M | $42.8M | $43.8M | $55.9M | $41.5M | $46.4M | $39.9M | $59.4M | $49.6M |
| Total operating expenses | $55.7M | $61.7M | $53.7M | $38.8M | $42.8M | $43.8M | $55.9M | $41.5M | $46.4M | $39.9M | $59.4M | $49.6M |
| Operating income | $53.8M | $44.1M | $51.4M | $55.7M | $52.9M | $34.3M | $51.6M | $49.9M | $27.4M | $30.3M | $38.5M | $21.0M |
| Interest income | $2.6M | $1.1M | $1.0M | $1.0M | $171,000 | $237,000 | $484,000 | $187,000 | $298,000 | $290,000 | $283,000 | $30.3M |
| Interest expense | $19.3M | $19.2M | $21.0M | $21.0M | $20.8M | $20.0M | $24.9M | $27.3M | $29.1M | $27.9M | $28.8M | $30.6M |
| Income before taxes | $33.2M | $23.5M | $28.6M | $32.7M | $29.4M | $10.1M | $26.3M | $19.5M | −$8.1M | $1.1M | $7.9M | −$11.2M |
| Income taxes | $7.7M | $4.6M | $5.9M | $8.1M | $7.1M | $2.0M | $1.3M | $4.5M | −$1.6M | −$20,000 | $8.4M | −$4.8M |
| Net income | $25.5M | $18.9M | $22.8M | $24.6M | $22.4M | $8.1M | $25.0M | $15.1M | −$6.5M | $1.1M | −$492,000 | −$6.4M |
| EBITDA | $82.1M | $70.8M | $78.3M | $80.8M | $77.9M | $58.1M | $79.3M | $75.4M | $50.4M | $57.8M | $65.2M | $47.2M |
| EPS (diluted) | $1.64 | $1.53 | $1.56 | $1.37 | $1.33 | $0.98 | $1.33 | $1.29 | $0.83 | $0.90 | −$0.01 | $0.73 |
| Gross margin | 8.7% | 8.4% | 8.6% | 8.1% | 8.9% | 7.7% | 9.3% | 8.5% | 6.9% | 7.0% | 9.4% | 7.1% |
| Operating margin | 4.3% | 3.5% | 4.2% | 4.8% | 4.9% | 3.4% | 4.5% | 4.6% | 2.6% | 3.0% | 3.7% | 2.1% |
| Net margin | 2.0% | 1.5% | 1.9% | 2.1% | 2.1% | 0.8% | 2.2% | 1.4% | −0.6% | 0.1% | −0.0% | −0.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VVX's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VVX financial results
In fiscal year 2025 (ended December 31, 2025), V2X reported revenue of $4.5 billion, up 3.7% from the year before. It had net income of $77.9 million (up 124.5%), a net profit margin of 1.7%. Diluted earnings per share came to $5.24. Over five years revenue grew at an average rate of 26.3% a year.
See the VVX stock overview for the latest quote and news, or the VVX chart for price history and technical indicators.
VVX income statement FAQ
What is V2X's annual revenue?
V2X reported total revenue of $4.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.7% from $4.3 billion the previous year.
Is V2X profitable?
Yes. V2X reported net income of $77.9 million in fiscal 2025, a net profit margin of 1.7%; its operating margin was 4.3%.
What is V2X's gross margin?
V2X's gross margin was 8.3% in fiscal 2025: for every $100 of revenue, V2X kept $8 after the direct cost of its products and services.
How fast is V2X growing?
Revenue grew 26.3% a year on average over the last five fiscal years, from $1.4 billion to $4.5 billion.
What are V2X's earnings per share?
V2X earned $5.24 per diluted share in fiscal 2025, compared with $4.35 a year earlier.
When will V2X report its next earnings?
V2X is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does V2X's fiscal year end?
V2X's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.