V2X, Inc. (VVX) Financial Statements
Industry: Facilities Support Management Services (Services)
In fiscal 2025, V2X reported revenue of $4.48B, up 3.7% from $4.32B the year before. Net income was $77.9M (a 1.7% net margin), or $2.45 per diluted share. Gross margin was 8.3% and operating margin was 4.3%. Operating activities generated $182.0M of cash, leaving $170.1M of free cash flow. At fiscal year end, V2X held $3.28B in total assets against $2.20B in total liabilities.
Open the full interactive V2X financials → Quarterly statements, key ratios, valuation history and price charts.
V2X Key Stats
| Share Price | $68.36 |
|---|---|
| Market Cap | $2.15B |
| P/E Ratio | 27.9 |
| Revenue YoY Growth | +3.6% |
| 52-Week Range | $52.16 – $90.81 |
| Shares Outstanding | 31.3 million (basic, 2026 Q2) |
V2X Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.40B | $1.78B | $2.89B | $3.96B | $4.32B | $4.48B |
| Cost of Goods Sold | $1.27B | $1.62B | $2.60B | $3.63B | $3.98B | $4.11B |
| Gross Profit | $124.2M | $160.4M | $295.0M | $334.9M | $343.0M | $373.4M |
| Operating Income | $43.5M | $62.0M | $55.8M | $124.4M | $159.2M | $194.3M |
| Pre-Tax Income | $38.7M | $54.0M | -$6.1M | -$24.5M | $38.8M | $100.9M |
| Income Tax | $1.7M | $8.3M | $8.2M | -$1.9M | $4.2M | $23.0M |
| Net Income | $37.0M | $45.7M | -$14.3M | -$22.6M | $34.7M | $77.9M |
| Diluted EPS | $3.14 | $3.86 | -$0.68 | -$0.73 | $1.08 | $2.45 |
V2X Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.17B | $1.22B | $1.25B | $1.26B |
| Net Income | $24.6M | $22.8M | $18.9M | $25.5M |
| Diluted EPS | $0.77 | $0.72 | $0.60 | $0.81 |
V2X Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $66.9M | $38.5M | $116.1M | — | — | — |
| Current Assets | $408.4M | $423.3M | $931.9M | $874.9M | $1.10B | $1.24B |
| Total Assets | $843.8M | $889.5M | $3.23B | $3.08B | $3.23B | $3.28B |
| Current Liabilities | $288.4M | $358.2M | $783.1M | $840.2M | $996.2M | $1.02B |
| Total Long-Term Debt | $177.4M | $104.6M | $1.27B | $1.12B | $1.11B | $1.10B |
| Total Liabilities | $538.9M | $539.4M | $2.24B | $2.09B | $2.20B | $2.20B |
| Shareholders' Equity | $304.9M | $350.1M | $997.1M | $990.8M | $1.03B | $1.08B |
V2X Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $64.1M | $61.3M | $93.5M | $188.0M | $254.2M | $182.0M |
| Cash From Investing | -$138.0M | -$12.6M | $176.0M | -$22.6M | -$28.6M | -$29.6M |
| Cash From Financing | $105.8M | -$75.6M | -$193.2M | -$211.0M | -$24.5M | -$51.5M |
| Free Cash Flow | $59.6M | $51.6M | $81.1M | $162.9M | $242.4M | $170.1M |
Figures from V2X's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full V2X financials page for every line item.
V2X Company Profile
| Ticker | VVX |
|---|---|
| Exchange | NYSE |
| Industry | Facilities Support Management Services (Services) |
| Headquarters | Reston, Virginia |
| Incorporated in | Indiana |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001601548 |
Frequently Asked Questions
What was V2X's revenue in fiscal 2025?
V2X (VVX) reported revenue of $4.48B for fiscal 2025.
What is V2X's annual revenue history?
V2X's annual revenue by fiscal year: 2020: $1.40B; 2021: $1.78B; 2022: $2.89B; 2023: $3.96B; 2024: $4.32B; 2025: $4.48B.
What was V2X's net income in fiscal 2025?
V2X reported net income of $77.9M for fiscal 2025.
What was V2X's earnings per share (EPS) in fiscal 2025?
V2X's diluted EPS was $2.45 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did V2X generate in fiscal 2025?
V2X generated $170.1M of free cash flow in fiscal 2025.
What was V2X's revenue last quarter?
In its most recent reported quarter (2026 Q2), V2X reported revenue of $1.26B.
How much debt does V2X have?
V2X reported $1.10B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of V2X are outstanding?
V2X reported a weighted average of 31.3 million basic shares outstanding in 2026 Q2.
What is V2X's market cap?
Based on its latest closing price, V2X (VVX) has a market capitalization of about $2.15B.
When does V2X's fiscal year end?
V2X's fiscal year end, as registered with the SEC, is December 31.
Where is V2X headquartered?
V2X lists its business address in Reston, Virginia in its SEC filings.