What is V2X's favorable adjustments to revenue?

V2X (VVX) reported favorable adjustments to revenue of $2.6M in Q1 2026.

How has V2X's favorable adjustments to revenue changed year-over-year?

V2X's favorable adjustments to revenue decreased by 82.4% year-over-year, from $14.8M to $2.6M.

What does favorable adjustments to revenue mean?

This metric reflects positive adjustments to revenue recognized in the current period resulting from changes in estimates of total contract value or performance obligations. It indicates favorable revisions to project profitability or scope expectations in long-term contracts.

V2X VVX Favorable adjustments to revenue

Favorable adjustments to revenue at other companies

GE VernovaGEV

-$89M-407%

CaterpillarCAT

-$124.25M—

AeroVironmentAVAV

$1.5M+11.0%

Equitable HoldingsEQH

$3.61B-4.5%

Ionis PharmaceuticalsIONS

-$20.82M-51.8%

ModernaMRNA

$53M+279%

Other financials

Income statement

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Revenue$1.3B+23.4%

Gross profit$105.8M+35.5%

Operating income$44.1M+28.5%

Net income$18.9M+133%

EPS (diluted)$0.60+140%

Balance sheet

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Cash & equivalents$208.7M+23.4%

Total debt$1.1B-5.8%

Total equity$1.1B+6.5%

Total assets$3.2B+2.8%

Cash flow

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Operating cash flow-$129.9M-36.1%

CapEx$2.3M-15.1%

Free cash flow-$132.2M-34.7%

Valuation

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Market cap$2.61B+38.2%

Enterprise value$3.48B+19.3%

P/E29.4×-15.9×

P/S0.6×+0.1×

Profitability

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Gross margin8.5%+0.4pp

Operating margin4.3%+0.6pp

Net margin1.9%+0.9pp

FCF margin4.8%+1.2pp

Returns & leverage

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Return on equity8.3%+4.2pp

Debt / equity1×-0.1×

Current ratio1.3×+0.1×

Where this comes from

Reported directly by V2X in its filing.

Tagged under the XBRL concept vec:ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueFavorableChangeInMeasureOfProgressAndModificationOfContract.

The official record: V2X’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is V2X's favorable adjustments to revenue?: V2X (VVX) reported favorable adjustments to revenue of $2.6M in Q1 2026.
How has V2X's favorable adjustments to revenue changed year-over-year?: V2X's favorable adjustments to revenue decreased by 82.4% year-over-year, from $14.8M to $2.6M.
What does favorable adjustments to revenue mean?: This metric reflects positive adjustments to revenue recognized in the current period resulting from changes in estimates of total contract value or performance obligations. It indicates favorable revisions to project profitability or scope expectations in long-term contracts.