V2X, Inc.VVXEarnings & Financial Report
V2X, Inc. is a leading provider of integrated technology solutions, mission support services, and critical infrastructure engineering primarily serving U.S. federal government clients including the Department of Defense and civilian agencies, as well as select commercial customers. It delivers end-to-end capabilities for national security, public safety, and operational resilience across its core operating segments.
Revenue
$1.1B
Gross Profit
$95.7M
Operating Profit
$52.9M
Net Profit
$22.4M
Gross Margin
8.9%
Operating Margin
4.9%
Net Margin
2.1%
YoY Growth
0.6%
EPS
$0.70
V2X, Inc. Q2 FY2025 Financial Summary
V2X, Inc. reported revenue of $1.1B (up 0.6% YoY) for Q2 FY2025, with a net profit of $22.4M (up 442.2% YoY) (2.1% margin). Cost of goods sold was $982.6M, operating expenses totaled $42.8M.
Key Financial Metrics
| Total Revenue | $1.1B |
|---|---|
| Net Profit | $22.4M |
| Gross Margin | 8.9% |
| Operating Margin | 4.9% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
V2X, Inc. Q2 FY2025 revenue of $1.1B breaks down across 4 segments, led by Army at $457.4M (42.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Army | $457.4M | 42.4% |
| Navy | $354.3M | 32.9% |
| Other Customers | $158.8M | 14.7% |
| Air Force | $107.8M | 10.0% |
V2X, Inc. Revenue by Segment — Quarterly Trend
V2X, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Army and Navy) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Army | $480.4M | $449.0M | $457.4M | $442.1M |
| Navy | $388.9M | $390.5M | $354.3M | $346.1M |
| Other Customers | $153.3M | $160.0M | $158.8M | $128.5M |
| Air Force | $196.1M | $167.6M | $107.8M | $99.1M |
V2X, Inc. Annual Revenue by Year
V2X, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.5B |
| 2024 | $4.3B |
| 2023 | $4.0B |
V2X, Inc. Quarterly Revenue & Net Profit History
V2X, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.2B | +5.3% | $22.8M | 1.9% |
| Q3 FY2025 | $1.2B | +7.9% | $24.6M | 2.1% |
| Q2 FY2025 | $1.1B | +0.6% | $22.4M | 2.1% |
| Q1 FY2025 | $1.0B | +0.5% | $8.1M | 0.8% |
| Q4 FY2024 | $1.2B | +11.3% | $25.0M | 2.2% |
| Q3 FY2024 | $1.1B | +8.0% | $15.1M | 1.4% |
| Q2 FY2024 | $1.1B | +9.6% | $-6.5M | -0.6% |
| Q1 FY2024 | $1.0B | +7.1% | $1.1M | 0.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $1.07B | $1.08B | $1.16B | $1.02B | $1.08B | $1.17B | $1.22B |
| YoY Growth | 7.1% | 9.6% | 8.0% | 11.3% | 0.5% | 0.6% | 7.9% | 5.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.14B | $3.15B | $3.13B | $3.23B | $3.10B | $3.15B | $3.18B | $3.28B |
| Liabilities | $2.15B | $2.16B | $2.12B | $2.20B | $2.07B | $2.08B | $2.10B | $2.20B |
| Equity | $993.7M | $992.0M | $1.00B | $1.03B | $1.04B | $1.07B | $1.08B | $1.08B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-57.2M | $25.7M | $62.7M | $223.1M | $-95.5M | $28.5M | $39.4M | $209.5M |