VSEC: financial statements from SEC — TradeAlmanac

VSEC

VSE Corporation: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	1.11bn	786m
Selling, general and administrative	13m	14m
Operating income	90m	59m
Pre-tax income	69m	24m
Income tax	16m	4m
Net income	12m	15m
Earnings per share	0.55	0.86
Earnings per share, diluted	0.55	0.85
Weighted average shares	21m	18m
Weighted average shares, diluted	21m	18m

Balance sheet

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	1.24bn	69m	9m	17m	6m	30m	8m	19m
Receivables	217m	191m	176m

Cash flow

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	27m	−31m
Depreciation and amortisation	40m	29m
Share-based compensation	13m	8m
Capital expenditure	21m	21m
Investing cash flow	−276m	−264m
Dividends paid	8m

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)