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CPI AEROSTRUCTURES INC (CVU) Annual Reports

Q: Where can I read CPI AEROSTRUCTURES INC (CVU) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

CPI AEROSTRUCTURES INC is listed on NYSE, classified by the SEC under Aircraft Parts & Auxiliary Equipment, NEC (SIC 3728). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： NYSE
Fiscal year end： 12/31
SEC CIK： 889348 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$17.6M	$15.2M	+15.8%
Operating income	$1.2M	$-2.0M	+160.1%
Net income	$685,615	$-1.3M	+151.7%
EPS (diluted)	$0.05	$-0.10	+150.0%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 17.6 mn Net income 0.69 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q3	2015Q4	2015Q4	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	43.9	12.5	13.0	7.46	16.0	17.4	16.6	24.1	19.7	20.9	21.3	27.4	19.9	21.1	20.7	21.3	21.9	-23.8	21.5	20.1	19.9	21.9	26.8	31.6	12.7	22.3	22.1	24.3	20.0	16.7	20.7	23.8	18.2	20.3	19.9	25.5	25.6	23.2	25.7	13.1	16.9	19.7	25.6	25.4	30.8	22.3	23.9	26.4	20.1	18.9	20.2	24.1	22.0	20.6	20.4	23.5	19.1	20.8	19.4	21.8	15.4	15.2	19.3	19.4	17.4	17.6
Gross profit	11.3	3.35	3.38	-3.37	3.85	4.24	4.17	6.55	4.96	5.77	5.80	7.70	4.44	4.24	4.48	5.28	4.49	-43.0	4.47	4.28	3.60	3.85	5.60	3.55	-11.6	5.03	5.02	5.90	4.54	3.68	4.91	5.51	4.05	4.58	4.80	4.73	5.42	4.96	4.96	-6.20	0.7	2.58	4.18	4.63	4.92	3.60	3.65	2.84	3.43	3.66	5.33	3.88	4.66	4.60	3.71	4.09	3.55	5.12	4.22	4.35	1.65	0.66	4.31	3.94	4.48	3.87
Operating income	6.11	1.87	2.20	-4.73	2.05	2.16	2.64	4.02	2.86	4.20	4.19	5.66	2.56	2.74	2.97	3.46	2.65	-44.8	2.67	2.39	1.58	1.80	3.70	1.89	-14.4	3.17	3.01	3.89	2.37	1.68	2.87	3.27	2.00	2.03	2.21	2.39	2.61	2.25	2.37	-9.66	-2.40	-0.24	1.13	1.55	1.53	0.92	0.89	-0.15	0.3	0.96	2.58	1.05	1.79	1.80	1.17	1.55	0.84	2.34	1.48	2.07	-1.19	-1.99	1.75	1.25	1.83	1.20
Net income	3.95	1.21	1.43	-2.97	1.37	1.57	1.81	2.67	1.92	2.70	2.80	3.60	1.67	1.78	1.91	2.37	1.73	-29.7	1.70	1.72	0.93	0.99	2.45	0.65	-9.22	1.79	1.69	2.13	1.25	0.77	1.70	2.06	1.26	1.26	1.33	-1.63	1.66	2.71	1.67	-10.5	-2.81	-0.6	0.82	0.22	1.23	0.62	5.43	-0.46	-0.03	0.52	1.86	6.83	0.98	1.16	0.3	14.8	0.17	1.41	0.75	0.97	-1.32	-1.32	1.11	0.69	1.24	0.69

Balance sheet

Quarterly · In mn (USD)

Total assets 78.7 mn Total liabilities 50.6 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q3	2015Q4	2015Q4	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	54.8	—	66.6	75.7	85.1	92.0	102	107	119	123	124	127	120	129	87.9	88.8	97.7	104	102	110	112	105	106	108	111	113	112	116	120	121	124	124	140	143	145	146	34.8	33.4	39.2	40.1	40.9	44.7	42.6	42.9	43.3	41.2	42.6	44.5	43.2	46.8	45.2	45.1	46.9	43.9	44.1	43.4	43.6	41.1	39.3	41.8	43.4	46.0	47.7
Total assets	—	—	—	56.5	—	68.9	78.5	88.9	96.3	106	111	125	127	128	131	124	133	107	106	104	110	107	114	117	115	115	116	118	119	117	121	124	124	128	127	144	152	154	154	44.3	42.3	47.4	47.7	49.7	52.9	50.1	49.7	55.0	52.3	53.1	54.6	59.5	62.3	60.1	59.3	74.4	70.8	70.2	68.9	68.0	65.4	72.3	74.1	75.2	77.3	78.7
Current liabilities	—	—	—	10.4	—	18.4	26.3	32.9	34.0	29.6	29.5	39.6	40.3	39.6	40.8	31.7	38.9	41.6	40.1	36.8	41.2	37.6	42.6	45.1	42.7	41.0	40.7	40.7	40.6	37.8	40.5	42.2	41.0	43.7	42.1	41.9	45.0	46.3	45.1	21.0	22.4	26.5	27.6	28.6	36.4	34.7	29.8	31.1	29.6	30.9	30.9	30.3	33.0	30.7	29.9	31.5	28.7	27.9	27.1	26.5	26.2	26.3	25.9	23.0	23.2	24.2
Total liabilities	—	—	—	11.8	—	19.6	26.3	34.9	39.5	34.8	34.3	44.3	44.7	43.7	44.7	35.3	42.2	44.8	43.0	39.3	43.5	39.6	44.3	46.2	53.1	51.2	50.7	50.2	49.6	46.4	48.6	49.9	48.1	50.5	48.4	50.3	56.5	55.4	53.5	52.1	52.5	58.0	57.3	58.0	64.3	60.6	54.6	60.3	57.6	57.8	57.4	55.3	56.8	53.2	52.0	52.3	48.2	46.1	44.0	42.0	40.4	48.5	49.1	49.4	50.0	50.6
Equity	38.5	—	—	44.7	46.5	49.3	51.1	54.0	56.8	71.5	76.7	80.6	82.8	84.5	86.5	89.0	91.1	61.7	62.9	64.8	66.1	67.3	69.8	70.5	61.6	63.5	65.3	67.6	69.3	70.3	72.1	74.3	75.9	77.3	78.8	93.4	95.3	98.3	100	-7.74	-10.2	-10.6	-9.66	-8.35	-11.4	-10.6	-4.98	-5.34	-5.34	-4.69	-2.74	4.20	5.52	6.86	7.30	22.1	22.5	24.1	24.9	25.9	24.9	23.8	25.0	25.8	27.3	28.1

Cash flow

Quarterly · In mn (USD)

Operating 0 mn Investing -0.01 mn Financing -0.16 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q3	2015Q4	2015Q4	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	0.67	-2.47	0.1	-1.59	-3.17	-4.02	-4.48	-2.02	-5.85	-5.48	-6.43	-4.32	-7.35	-0.29	-0.79	11.7	-8.69	-0.76	1.81	4.27	-4.42	6.85	-0.82	0.45	-5.73	-1.59	0.51	0.21	-2.89	1.78	0.91	1.78	-2.57	-1.01	0.53	0.51	-2.33	-1.06	-0.65	3.66	-1.43	0.58	-2.43	1.68	-4.88	2.39	1.17	4.11	-2.45	0.35	2.90	0.14	0.89	-0.02	-0.04	3.09	-0.96	-0.59	0.72	4.40	-2.72	-0.6	0.21	-2.09	-0.42	0
Investing	-0.14	—	—	-0.3	—	—	—	-1.59	—	—	—	-0.83	—	—	—	-0.64	—	—	—	-0.6	—	—	—	-0.21	-0.09	0	0	-0.04	-0.05	-0.06	-0.09	-0.04	-0.16	-0.21	-0.15	-6.09	-0.21	-0.1	-0.02	-0.1	0	0	0	-0.13	—	-0.01	-0.01	-0.01	-0.03	0	0	-0.02	-0.04	-0.02	-0.03	-0.05	-0.05	-0.16	-0.13	-0.07	-0.06	0	0	0	-0.05	-0.01
Financing	1.27	1.11	-0.17	1.92	2.84	4.46	4.65	3.39	6.01	8.72	3.93	6.07	6.19	-0.27	1.23	-10.3	7.56	1.01	-1.75	-3.51	3.86	-6.90	1.95	-1.26	5.65	1.59	-0.66	0.2	2.33	-1.03	-1.22	-1.02	1.58	1.97	-0.58	10.9	-0.97	1.30	0.38	-0.6	-0.62	4.18	-0.73	-0.48	-0.34	-0.59	-0.66	-0.9	-0.91	-0.66	-0.9	-0.9	-0.7	-0.88	-0.4	-0.56	-1.07	-0.33	-0.81	-0.54	-0.84	-0.59	-0.34	2.45	0.58	-0.16
Cash at period end	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.04	—	—	—	1.43	0.28	1.03	0.83	6.13	2.62	2.75	2.47	5.43	3.38	8.13	4.97	6.03	0.82	2.60	3.11	6.31	2.93	2.63	4.63	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Profitability

Quarterly · %

Gross margin 22.0% Operating margin 6.8% Net margin 3.9%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q3	2015Q4	2015Q4	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	25.8%	26.7%	26.1%	-45.1%	24.1%	24.4%	25.1%	27.2%	25.2%	27.7%	27.2%	28.1%	22.3%	20.1%	21.7%	24.8%	20.5%	—	20.8%	21.3%	18.1%	17.5%	20.9%	11.3%	-91.9%	22.6%	22.7%	24.3%	22.6%	22.0%	23.7%	23.1%	22.3%	22.6%	24.1%	18.5%	21.2%	21.4%	19.3%	-47.5%	4.1%	13.1%	16.4%	18.2%	16.0%	16.1%	15.3%	10.8%	17.1%	19.3%	26.4%	16.1%	21.2%	22.4%	18.2%	17.4%	18.6%	24.6%	21.7%	20.0%	10.7%	4.4%	22.4%	20.3%	25.8%	22.0%
Operating margin	13.9%	14.9%	17.0%	-63.4%	12.8%	12.4%	15.9%	16.7%	14.5%	20.1%	19.6%	20.7%	12.9%	13.0%	14.4%	16.3%	12.1%	—	12.4%	11.9%	8.0%	8.2%	13.8%	6.0%	-113.3%	14.2%	13.6%	16.0%	11.8%	10.1%	13.8%	13.8%	11.0%	10.0%	11.1%	9.4%	10.2%	9.7%	9.2%	-73.9%	-14.2%	-1.2%	4.4%	6.1%	5.0%	4.1%	3.7%	-0.6%	1.5%	5.1%	12.8%	4.4%	8.2%	8.8%	5.7%	6.6%	4.4%	11.2%	7.6%	9.5%	-7.7%	-13.1%	9.1%	6.4%	10.5%	6.8%
Net margin	9.0%	9.6%	11.0%	-39.7%	8.6%	9.0%	10.9%	11.1%	9.7%	12.9%	13.1%	13.2%	8.4%	8.4%	9.3%	11.1%	7.9%	—	7.9%	8.6%	4.7%	4.5%	9.1%	2.1%	-72.8%	8.0%	7.6%	8.8%	6.2%	4.6%	8.2%	8.6%	6.9%	6.2%	6.7%	-6.4%	6.5%	11.7%	6.5%	-80.3%	-16.7%	-3.0%	3.2%	0.9%	4.0%	2.8%	22.7%	-1.8%	-0.2%	2.7%	9.2%	28.4%	4.5%	5.6%	1.5%	62.8%	0.9%	6.8%	3.9%	4.5%	-8.6%	-8.7%	5.8%	3.6%	7.1%	3.9%

Returns & leverage

Quarterly · %

ROE 14.4% ROA 4.9% Debt ratio 64.3%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q3	2015Q4	2015Q4	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	8.1%	2.4%	2.9%	3.5%	15.0%	15.4%	15.1%	15.8%	16.4%	15.4%	12.6%	11.0%	9.1%	9.0%	-32.4%	-32.0%	-31.9%	-32.2%	8.3%	9.2%	7.4%	-8.0%	-6.6%	-7.5%	-5.2%	10.5%	8.7%	8.5%	8.1%	8.0%	8.5%	7.8%	2.6%	3.0%	4.6%	4.9%	-10.4%	-21.0%	-27.9%	-28.9%	—	—	—	—	—	—	—	—	—	11508.1%	998.5%	407.2%	130.9%	116.8%	107.4%	106.0%	13.7%	7.6%	-3.9%	-2.3%	-3.3%	6.6%	14.4%
ROA	—	—	—	6.4%	—	2.0%	2.3%	10.2%	8.3%	10.4%	10.6%	10.3%	9.6%	8.4%	7.4%	6.2%	6.0%	-20.2%	-20.2%	-21.5%	-20.9%	5.0%	5.5%	4.5%	-4.6%	-3.9%	-4.4%	-3.1%	5.9%	5.0%	4.9%	4.8%	4.8%	5.1%	4.8%	1.6%	1.9%	2.9%	3.1%	-4.7%	-9.2%	-12.2%	-13.0%	-5.0%	3.5%	5.9%	15.4%	13.0%	10.6%	10.6%	3.6%	16.0%	17.8%	19.1%	16.3%	25.7%	24.6%	25.5%	26.7%	4.6%	2.7%	-1.3%	-0.8%	-1.2%	2.4%	4.9%
Debt ratio	—	—	—	20.9%	—	28.5%	33.4%	39.3%	41.0%	32.7%	30.9%	35.5%	35.1%	34.1%	34.1%	28.4%	31.6%	42.1%	40.6%	37.8%	39.7%	37.1%	38.8%	39.6%	46.3%	44.7%	43.7%	42.6%	41.7%	39.8%	40.2%	40.2%	38.8%	39.5%	38.0%	35.0%	37.2%	36.0%	34.8%	117.5%	124.2%	122.4%	120.3%	116.8%	121.6%	121.1%	110.0%	109.7%	110.2%	108.8%	105.0%	92.9%	91.1%	88.6%	87.7%	70.3%	68.2%	65.7%	63.8%	61.9%	61.9%	67.1%	66.3%	65.7%	64.7%	64.3%

EPS

Quarterly · US$

EPS US$0.05

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q3	2015Q4	2015Q4	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	0.64	0.18	0.21	-0.45	0.19	0.22	0.25	0.37	0.27	0.36	0.33	0.43	0.20	0.21	0.23	0.28	0.20	-3.50	0.20	0.20	0.11	0.12	0.28	0.08	-1.07	0.21	0.19	0.24	0.14	0.09	0.19	0.23	0.14	0.14	0.15	-0.20	0.14	0.23	0.14	-0.89	-0.24	-0.05	0.07	0.11	0.10	0.05	0.44	-0.04	0.00	0.04	0.15	0.55	0.08	0.09	0.02	1.19	0.01	0.11	0.06	0.08	-0.10	-0.10	0.09	0.05	0.09	0.05

Revenue & profit

Year-to-date · In mn (USD)

Revenue 34.9 mn Net income 1.92 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 78.7 mn Total liabilities 50.6 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating -0.43 mn Investing -0.06 mn Financing 0.42 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 23.9% Operating margin 8.7% Net margin 5.5%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 14.4% ROA 4.9% Debt ratio 64.3%

EPS

Year-to-date · US$

EPS US$0.14

Revenue & profit

Annual · In mn (USD)

Revenue 69.3 mn Net income -0.84 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	74.1	89.3	83.0	39.7	81.3	81.3	83.9	87.5	87.6	103	83.3	86.5	81.1	69.3
Gross profit	18.8	24.2	18.4	-29.7	4.32	18.6	18.2	9.13	12.1	15.0	16.3	17.1	17.2	10.6
Operating income	10.9	16.9	11.7	-37.0	-4.30	10.2	8.64	-2.43	0.05	3.18	4.89	6.31	6.73	-0.18
Net income	7.42	11.0	7.74	-24.6	-3.61	5.77	2.21	-4.45	-2.37	6.82	9.18	17.2	3.30	-0.84

Balance sheet

Annual · In mn (USD)

Total assets 75.2 mn Total liabilities 49.4 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	85.1	119	120	97.7	111	120	140	34.8	40.9	43.3	43.2	46.9	43.6	43.4
Total assets	88.9	125	124	104	118	124	144	44.3	49.7	55.0	59.5	74.4	68.0	75.2
Current liabilities	32.9	39.6	31.7	36.8	40.7	42.2	41.9	21.0	28.6	31.1	30.3	31.5	26.5	23.0
Total liabilities	34.9	44.3	35.3	39.3	50.2	49.9	50.3	52.1	58.0	60.3	55.3	52.3	42.0	49.4
Equity	54.0	80.6	89.0	64.8	67.6	74.3	93.4	-7.74	-8.35	-5.34	4.20	22.1	25.9	25.8

Cash flow

Annual · In mn (USD)

Operating -5.20 mn Investing -0.07 mn Financing 0.67 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	-13.7	-22.1	3.27	-3.37	-6.60	1.57	-2.54	-0.38	-1.60	2.80	0.94	3.93	3.56	-5.20
Investing	—	—	—	—	-0.14	-0.24	-6.61	-0.44	-0.15	—	-0.04	-0.14	-0.4	-0.07
Financing	15.3	24.7	-3.17	3.31	6.77	-0.94	13.8	0.12	2.35	-2.49	-3.37	-2.54	-2.76	0.67
Cash at period end	—	—	—	—	1.04	1.43	6.13	5.43	6.03	6.31	—	—	—	—

Profitability

Annual · %

Gross margin 15.2% Operating margin -0.3% Net margin -1.2%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	25.4%	27.1%	22.2%	-74.9%	5.3%	22.9%	21.6%	10.4%	13.8%	14.5%	19.6%	19.7%	21.3%	15.2%
Operating margin	14.7%	18.9%	14.1%	-93.3%	-5.3%	12.5%	10.3%	-2.8%	0.1%	3.1%	5.9%	7.3%	8.3%	-0.3%
Net margin	10.0%	12.3%	9.3%	-61.9%	-4.4%	7.1%	2.6%	-5.1%	-2.7%	6.6%	11.0%	19.9%	4.1%	-1.2%

Returns & leverage

Annual · %

ROE -3.3% ROA -1.2% Debt ratio 65.7%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	13.7%	16.4%	9.1%	-31.9%	-5.5%	8.1%	2.6%	-10.4%	—	—	—	130.9%	13.7%	-3.3%
ROA	8.3%	10.3%	6.2%	-21.5%	-3.3%	4.8%	1.6%	-4.7%	-5.0%	13.0%	16.0%	25.7%	4.6%	-1.2%
Debt ratio	39.3%	35.5%	28.4%	37.8%	42.6%	40.2%	35.0%	117.5%	116.8%	109.7%	92.9%	70.3%	61.9%	65.7%

EPS

Annual · US$

EPS US$-0.06

Show table：EPS

Item	2011	2012	2013	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	1.03	1.39	0.92	-2.90	-0.43	0.65	0.23	-0.38	-0.11	0.55	0.74	1.38	0.26	-0.06

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read CPI AEROSTRUCTURES INC (CVU) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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