The financials
V2X, Inc. by the numbers
V2X, Inc. (VVX) reported revenue of $1.25B in Q1 2026 (quarter ended April 3, 2026), up 23% from the same quarter a year earlier. That came with a gross margin of 8.4% and net income of $19M (1.5% of revenue). For the full year FY2025, revenue was $4.48B (+3.7% year on year) and net income $78M. Its largest region in 2026-Q1 was US at $811M, 65% of the disclosed total, just ahead of Middle East at 25%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.25B | $1.02B | +23% |
| Gross profit | $106M | $78M | +35% |
| Operating income | $44M | $34M | +29% |
| Net income | $19M | $8.1M | +133% |
| Diluted EPS | $0.60 | $0.25 | +140% |
| Geographic | Revenue | Share |
|---|---|---|
| US | $811M | 65% |
| Middle East | $314M | 25% |
| Asia | $76M | 6.1% |
| Europe | $53M | 4.2% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $1.25B (+7.5%)
US grew +40% year on yearMiddle East -1.3% year on year
Segment Latestquarter on quarteryear on year
- US$810.6M$810.6MQoQ +18%year on year +40%+18%+40%
- Middle East$314.3M$314.3MQoQ -8.8%year on year -1.3%-8.8%-1.3%
- Asia$76.1M$76.1MQoQ -6.5%year on year +0.21%-6.5%+0.21%
- Europe$53.1M$53.1MQoQ -5.9%year on year +20%-5.9%+20%
Aerospace & Defense
Ranks #29 of 48 by Smart Score