The financials
V2X, Inc. by the numbers
V2X, Inc. (VVX) reported revenue of $1.25B in Q1 2026 (quarter ended Apr 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 Jun 2026 was United States at $798M, 63% of the disclosed total, well ahead of Middle East at 26%.
| 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 |
|---|---|---|
| United States | $798M | 63% |
| Middle East | $325M | 26% |
| Asia | $87M | 6.9% |
| Europe | $48M | 3.8% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Jun 2026Total $1.26B (+0.20%)
United States grew +26% year on yearEurope -1.7% year on year
Segment Latestquarter on quarteryear on year
- United States$797.5M$797.5MQoQ -1.6%year on year +26%-1.6%+26%
- Middle East$324.6M$324.6MQoQ +3.3%year on year +1.3%+3.3%+1.3%
- Asia$86.6M$86.6MQoQ +14%year on year +13%+14%+13%
- Europe$48.0M$48.0MQoQ -9.6%year on year -1.7%-9.6%-1.7%