VVX (V2X, Inc.) Stock Financials & Earnings | Market Cap Arena

VVX (V2X, Inc.) Stock Financials & Earnings | Market Cap Arena

VVXV2X, Inc.

Mkt Cap$2B

Industrials·Aerospace & Defense·🇺🇸 United States·NYSE

Revenue (TTM)$4.5B

Net Income (TTM)$78M

EPS (TTM)$2.44

Free Cash Flow (TTM)$170M

Gross Margin8.3%

Op. Margin4.3%

Net Margin1.7%

FCF Margin3.8%

P/S Ratio (TTM)0.5x

P/E Ratio (TTM)29.2x

YoY Rev Growth+3.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$943M	$79M	$31M
Q2 23	$978M	$87M	$34M
Q3 23	$1.0B	$71M	$21M
Q4 23	$1.0B	$98M	$39M
Q1 24	$1.0B	$70M	$30M
Q2 24	$1.1B	$74M	$27M
Q3 24	$1.1B	$91M	$50M
Q4 24	$1.2B	$107M	$52M
Q1 25	$1.0B	$78M	$34M
Q2 25	$1.1B	$96M	$53M
Q3 25	$1.2B	$95M	$56M
Q4 25	$1.2B	$105M	$51M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	0.7x	—
Q2 23	0.6x	—
Q3 23	0.6x	—
Q4 23	0.6x	—
Q1 24	0.6x	—
Q2 24	0.6x	—
Q3 24	0.5x	247.9x
Q4 24	0.5x	65.5x
Q1 25	0.5x	54.5x
Q2 25	0.5x	32.2x
Q3 25	0.5x	28.3x
Q4 25	0.5x	29.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$38M	-$48M
Q2 23	$117M	$114M
Q3 23	$57M	$52M
Q4 23	$53M	$44M
Q1 24	-$57M	-$65M
Q2 24	$26M	$25M
Q3 24	$63M	$60M
Q4 24	$223M	$222M
Q1 25	-$95M	-$98M
Q2 25	$29M	$26M
Q3 25	$39M	$35M
Q4 25	$209M	$207M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$9M
Q2 23	$2M
Q3 23	$5M
Q4 23	$8M
Q1 24	$8M
Q2 24	$736K
Q3 24	$2M
Q4 24	$1M
Q1 25	$3M
Q2 25	$2M
Q3 25	$4M
Q4 25	$2M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+106.7%	+102.3%
Q2 23	+96.3%	+95.3%
Q3 23	+4.5%	+2.8%
Q4 23	+6.4%	+5.8%
Q1 24	+7.1%	+7.4%
Q2 24	+9.6%	+10.7%
Q3 24	+8.0%	+5.2%
Q4 24	+11.3%	+10.4%
Q1 25	+0.5%	+0.1%
Q2 25	+0.6%	-1.9%
Q3 25	+7.9%	+7.7%
Q4 25	+5.3%	+5.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$13M	1.4%
Q2 23	$8M	0.8%
Q3 23	$6M	0.6%
Q4 23	$6M	0.6%
Q1 24	$5M	0.5%
Q2 24	$7M	0.6%
Q3 24	$1M	0.1%
Q4 24	$3M	0.3%
Q1 25	$2M	0.2%
Q2 25	$4M	0.3%
Q3 25	$3M	0.3%
Q4 25	$3M	0.2%

OpEx Breakdown

Quarter	SG&A
Q1 23	$48M
Q2 23	$53M
Q3 23	$50M
Q4 23	$59M
Q1 24	$40M
Q2 24	$46M
Q3 24	$42M
Q4 24	$56M
Q1 25	$44M
Q2 25	$43M
Q3 25	$39M
Q4 25	$54M

Revenue Segments

Quarter

Revenue by Geography

Quarter	Asia	Europe	Middle East	United States
Q1 23	$64M	$49M	$281M	$549M
Q2 23	$66M	$55M	$279M	$579M
Q3 23	$63M	$61M	$306M	$571M
Q4 23	$71M	$54M	$327M	$587M
Q1 24	$69M	$54M	$343M	$545M
Q2 24	$85M	$48M	$361M	$579M
Q3 24	$83M	$47M	$347M	$605M
Q4 24	$91M	$58M	$349M	$660M
Q1 25	$76M	$44M	$318M	$577M
Q2 25	$77M	$49M	$320M	$632M
Q3 25	$81M	$56M	$345M	$685M
Q4 25	$79M	$57M	$368M	$715M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$62M	$0	$62M
Q2 23	$70M	$0	$70M
Q3 23	$78M	$0	$78M
Q4 23	$73M	$0	$73M
Q1 24	$36M	$0	$36M
Q2 24	$45M	$0	$45M
Q3 24	$60M	$0	$60M
Q4 24	$268M	$0	$268M
Q1 25	$169M	$0	$169M
Q2 25	$190M	$0	$190M
Q3 25	$179M	$0	$179M
Q4 25	$369M	$0	$369M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	31M	+21.7%
Q2 23	32M	+2.2%
Q3 23	31M	-1.3%
Q4 23	31M	+0.8%
Q1 24	32M	+1.1%
Q2 24	31M	-1.0%
Q3 24	32M	+1.6%
Q4 24	32M	-0.0%
Q1 25	32M	+0.2%
Q2 25	32M	-0.4%
Q3 25	32M	-0.1%
Q4 25	32M	-0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$241K	5K
FY 15	$197K	6K
FY 16	$213K	6K
FY 17	$166K	7K
FY 18	$191K	7K
FY 19	$192K	7K
FY 20	$152K	9K
FY 21	$220K	8K
FY 22	$188K	15K
FY 23	$248K	16K
FY 24	$268K	16K
FY 25	$277K	16K