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CPI AEROSTRUCTURES INC

For the period ended Jun 30, 2025. Filed Aug 19, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 19, 2025

CVU$4.62+3.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to __________

Commission File Number:1-11398

CPI AEROSTRUCTURES, INC.

(Exact name of registrant as specified in its charter)

New York11-2520310
(State or other jurisdiction(IRS Employer Identification Number)
of incorporation or organization)
91 Heartland Blvd., Edgewood, NY11717
(Address of principal executive offices)(Zip code)

(631) 586-5200

(Registrant’s telephone number including area code)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Common stock, $0.001 par value per shareCVUNYSE American

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer ☐Accelerated filer ☐
Non-accelerated filer ☒Smaller reporting company ☒
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐No ☒

As of August 11, 2025, the registrant had 13,030,743 shares of common stock, $.001 par value, outstanding

INDEX
Part I - Financial Information1
Item 1 – Consolidated Financial Statements (Unaudited)1
Condensed Consolidated Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 20241
Condensed Consolidated Statements of Operations for the Three and Six months ended June 30, 2025 and 2024 (Unaudited)2
Condensed Consolidated Statements of Shareholders’ Equity for the Three and Six months ended June 30, 2025 and 2024 (Unaudited)3
Condensed Consolidated Statements of Cash Flows for the Six months ended June 30, 2025 and 2024 (Unaudited)4
Notes to Condensed Consolidated Financial Statements (Unaudited)5
Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations14
Item 3 – Quantitative and Qualitative Disclosures About Market Risk20
Item 4 – Controls and Procedures20
Part II - Other Information21
Item 1 – Legal Proceedings21
Item 1A – Risk Factors21
Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds21
Item 3 – Defaults Upon Senior Securities21
Item 4 – Mine Safety Disclosures21
Item 5 – Other Information21
Item 6 – Exhibits21
Signatures22
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.