VSECU: financial statements from SEC

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

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	183m	170m	158m	163m	168m
Current assets	2.16bn	893m	722m	754m	969m	965m	775m	796m
Property, plant and equipment	94m	91m	83m	80m	71m	71m	75m	73m
Goodwill	639m	641m	429m	429m	424m	428m	391m	390m
Total assets	3.31bn	2.03bn	1.56bn	1.60bn	1.73bn	1.74bn	1.46bn	1.49bn
Current liabilities	246m	238m	183m	202m	248m	299m	210m	226m
Short-term debt	30m	8m	8m	8m	6m	30m	30m	30m
Long-term debt	331m	285m	349m	372m	459m	400m	420m	434m
Total liabilities	644m	590m	577m	623m	757m	754m	676m	713m
Equity	2.67bn	1.44bn	983m	980m	976m	988m	788m	781m
Shares outstanding	28m	23m	21m	21m	21m	21m	18m	18m
Shares issued	28m	23m	21m	21m	21m	21m	18m	18m

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	7m
Financing cash flow	290m	316m