VSE CORP (VSEC)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Assets2,028,578,000$1,560,447,000$1,602,027,000$1,732,982,000$1,742,630,000$1,463,999,000$1,494,298,000$1,336,924,000$1,350,338,000$1,342,980,000$1,073,471,000$1,044,403,000$999,789,000$957,526,000$947,223,000$920,972,000$918,558,000$912,938,000$850,220,000$853,088,000$780,081,000$770,631,000$787,562,000$811,409,000$845,864,000$827,633,000$826,775,000$804,045,000$638,828,000$637,067,000$640,743,000$629,623,000$629,013,000$619,044,000$619,846,000$645,481,000$661,839,000$639,352,000$635,386,000$620,920,000$617,354,000$624,689,000$632,030,000$643,470,000$355,330,000$363,045,000$363,171,000$374,498,000$
Total Current Assets893,329,000$722,280,000$753,619,000$968,858,000$965,347,000$775,297,000$796,375,000$743,096,000$774,030,000$770,363,000$674,224,000$590,764,000$548,878,000$513,338,000$506,586,000$474,656,000$463,993,000$459,861,000$416,230,000$419,533,000$354,957,000$342,329,000$354,078,000$342,626,000$355,341,000$340,502,000$333,178,000$309,550,000$281,220,000$272,591,000$271,149,000$254,842,000$248,540,000$233,247,000$228,406,000$248,273,000$258,463,000$230,481,000$222,719,000$204,282,000$197,472,000$205,216,000$207,962,000$205,958,000$122,368,000$125,053,000$118,160,000$126,454,000$
Cash and Cash Equivalents69,358,000$8,784,000$16,906,000$5,711,000$29,505,000$7,907,000$18,993,000$10,569,000$7,768,000$20,667,000$4,163,000$532,000$305,000$90,000$371,000$498,000$518,000$383,000$337,000$347,000$378,000$551,000$213,000$543,000$734,000$1,095,000$760,000$829,000$162,000$889,000$624,000$621,000$624,000$472,000$717,000$457,000$428,000$553,000$680,000$587,000$740,000$194,000$444,000$468,000$263,000$328,000$302,000$357,000$
Receivables141,500,000$108,469,000$77,829,000$116,909,000$101,259,000$56,250,000$98,337,000$
Other Current Assets41,403,000$48,198,000$55,053,000$36,389,000$21,937,000$14,797,000$24,169,000$15,202,000$28,154,000$24,958,000$26,966,000$32,304,000$37,454,000$32,255,000$29,169,000$23,328,000$24,874,000$30,257,000$17,332,000$19,071,000$12,652,000$15,232,000$18,456,000$13,407,000$13,933,000$13,551,000$14,580,000$16,988,000$24,376,000$10,932,000$15,747,000$20,477,000$14,886,000$13,648,000$13,184,000$9,138,000$10,635,000$12,557,000$15,106,000$11,517,000$12,239,000$10,515,000$12,276,000$
Assets Held for Sale in Short Term259,511,000$282,820,000$93,002,000$98,021,000$107,059,000$54,925,000$
Total Noncurrent Assets1,135,249,000$838,167,000$848,408,000$764,124,000$777,283,000$688,702,000$697,923,000$593,828,000$576,308,000$572,617,000$399,247,000$453,639,000$450,911,000$444,188,000$440,637,000$446,316,000$454,565,000$453,077,000$433,990,000$433,555,000$425,124,000$428,302,000$433,484,000$468,783,000$490,523,000$487,131,000$493,597,000$494,495,000$357,608,000$364,476,000$369,594,000$374,781,000$380,473,000$385,797,000$391,440,000$397,208,000$403,376,000$408,871,000$412,667,000$416,638,000$419,882,000$419,473,000$424,068,000$437,512,000$232,962,000$237,992,000$245,011,000$248,044,000$
Goodwill641,242,000$428,705,000$428,665,000$423,576,000$428,263,000$390,636,000$390,135,000$351,112,000$288,591,000$345,726,000$222,023,000$253,580,000$217,262,000$248,837,000$248,837,000$248,837,000$217,262,000$240,826,000$238,126,000$238,126,000$238,126,000$238,126,000$238,126,000$269,071,000$276,450,000$259,212,000$259,212,000$259,212,000$198,622,000$198,622,000$198,622,000$198,622,000$198,622,000$198,622,000$198,622,000$198,622,000$198,622,000$198,622,000$198,545,000$198,545,000$198,545,000$184,384,000$184,384,000$193,772,000$92,052,000$92,052,000$92,052,000$92,052,000$
Other Intangible Assets295,962,000$201,849,000$208,536,000$191,023,000$197,157,000$160,580,000$165,389,000$110,749,000$114,130,000$118,865,000$82,818,000$90,064,000$86,558,000$94,857,000$99,090,000$103,527,000$108,263,000$117,041,000$102,005,000$105,914,000$103,595,000$107,754,000$111,912,000$119,166,000$132,175,000$142,907,000$147,921,000$152,901,000$94,892,000$98,896,000$102,901,000$106,905,000$110,909,000$114,913,000$118,917,000$122,922,000$126,926,000$130,930,000$135,002,000$139,023,000$143,043,000$153,640,000$157,668,000$161,769,000$72,209,000$74,634,000$77,715,000$79,716,000$
Physical Assets91,098,000$82,986,000$80,243,000$71,175,000$71,041,000$74,631,000$72,571,000$66,559,000$58,076,000$53,269,000$43,992,000$49,533,000$40,501,000$44,564,000$42,237,000$44,478,000$42,486,000$41,785,000$40,086,000$38,318,000$36,363,000$36,264,000$36,987,000$37,276,000$43,465,000$43,792,000$44,216,000$40,167,000$49,606,000$51,192,000$52,670,000$53,988,000$55,146,000$56,857,000$58,202,000$60,026,000$62,061,000$63,161,000$63,877,000$63,796,000$64,308,000$65,237,000$64,988,000$65,440,000$52,911,000$54,347,000$55,470,000$56,542,000$
Other Noncurrent Assets29,755,000$55,310,000$38,916,000$33,127,000$37,597,000$29,306,000$35,409,000$30,285,000$23,637,000$29,591,000$30,220,000$27,178,000$29,019,000$31,980,000$25,232,000$23,413,000$27,736,000$27,015,000$29,624,000$29,016,000$26,525,000$24,759,000$25,064,000$21,936,000$17,490,000$16,845,000$16,992,000$15,844,000$14,488,000$15,766,000$15,401,000$15,266,000$15,796,000$15,405,000$15,699,000$15,638,000$15,767,000$16,158,000$15,243,000$15,274,000$13,986,000$16,212,000$17,028,000$16,531,000$15,790,000$16,959,000$17,320,000$17,100,000$
Assets Held for Sale in Long Term
Total Liabilities589,770,000$577,107,000$622,500,000$757,238,000$754,444,000$676,203,000$712,982,000$724,186,000$733,613,000$733,460,000$604,334,000$587,088,000$550,263,000$512,098,000$515,940,000$497,180,000$501,225,000$501,917,000$448,726,000$438,785,000$423,764,000$420,174,000$444,608,000$445,008,000$482,763,000$471,773,000$480,438,000$466,514,000$310,433,000$316,560,000$329,427,000$326,310,000$335,918,000$341,852,000$349,313,000$381,972,000$406,645,000$390,412,000$393,871,000$384,626,000$388,045,000$402,533,000$415,900,000$432,350,000$149,841,000$160,773,000$164,806,000$181,358,000$
Total Current Liabilities237,506,000$183,351,000$202,045,000$248,299,000$298,500,000$210,107,000$225,646,000$223,050,000$286,886,000$252,148,000$210,221,000$197,442,000$224,604,000$180,326,000$176,602,000$157,045,000$179,964,000$166,695,000$132,746,000$147,156,000$139,228,000$134,097,000$146,753,000$130,167,000$164,183,000$139,385,000$135,516,000$120,067,000$104,878,000$94,837,000$100,605,000$114,977,000$113,977,000$122,122,000$108,164,000$121,651,000$148,442,000$116,374,000$115,115,000$105,423,000$96,692,000$88,436,000$100,935,000$97,877,000$87,497,000$95,282,000$78,260,000$80,751,000$
Accounts Payable154,506,000$112,425,000$140,465,000$140,780,000$145,492,000$122,740,000$144,645,000$155,478,000$173,036,000$137,788,000$104,566,000$141,851,000$128,504,000$119,093,000$112,935,000$94,923,000$115,064,000$96,898,000$63,804,000$73,816,000$72,682,000$63,011,000$76,183,000$67,709,000$68,099,000$71,668,000$74,310,000$59,106,000$57,408,000$48,219,000$57,648,000$65,517,000$66,015,000$48,560,000$51,932,000$71,206,000$93,999,000$58,768,000$53,563,000$51,445,000$40,084,000$36,677,000$36,167,000$36,900,000$29,424,000$33,328,000$25,460,000$32,949,000$
Short Term Debt
Short Term Capital Lease Obligations6,306,000$4,781,000$4,957,000$3,182,000$5,991,000$4,012,000$3,710,000$3,967,000$4,168,000$4,237,000$1,600,000$1,400,000$1,300,000$
Other Current Liabilities11,889,000$10,880,000$5,495,000$8,525,000$7,418,000$4,338,000$7,656,000$
Total Noncurrent Liabilities352,264,000$393,756,000$420,455,000$508,939,000$455,944,000$466,096,000$487,336,000$501,136,000$446,727,000$481,312,000$394,113,000$389,646,000$325,659,000$331,772,000$339,338,000$340,135,000$321,261,000$335,222,000$315,980,000$291,629,000$284,536,000$286,077,000$297,855,000$314,841,000$318,580,000$332,388,000$344,922,000$346,447,000$205,555,000$221,723,000$228,822,000$211,333,000$221,941,000$219,730,000$241,149,000$260,321,000$258,203,000$274,038,000$278,756,000$279,203,000$291,353,000$314,097,000$314,965,000$334,473,000$62,344,000$65,491,000$86,546,000$100,607,000$
Long Term Debt285,304,000$348,596,000$371,656,000$459,381,000$400,173,000$420,341,000$433,508,000$451,622,000$406,844,000$441,770,000$365,110,000$341,855,000$276,300,000$288,531,000$294,448,000$289,683,000$270,407,000$280,047,000$261,391,000$232,247,000$230,714,000$230,580,000$241,612,000$255,880,000$253,128,000$257,815,000$268,985,000$265,681,000$151,133,000$165,393,000$171,857,000$152,938,000$165,614,000$155,083,000$175,609,000$194,068,000$193,621,000$211,371,000$212,909,000$201,675,000$215,243,000$228,214,000$226,384,000$228,800,000$23,563,000$25,889,000$39,108,000$52,682,000$
Long Term Capital Lease Obligations43,693,000$37,609,000$38,259,000$39,346,000$39,498,000$29,061,000$36,515,000$31,431,000$24,959,000$21,961,000$17,609,000$30,743,000$19,154,000$22,947,000$24,537,000$26,336,000$27,168,000$26,700,000$25,044,000$23,673,000$22,815,000$24,136,000$24,272,000$25,014,000$24,441,000$25,124,000$25,716,000$26,845,000$0$20,300,000$21,700,000$
Other Noncurrent Liabilities4,955,000$220,000$3,000,000$3,000,000$9,011,000$9,011,000$5,435,000$3,000,000$440,000$250,000$258,000$33,000$2,000,000$83,000$0$1,499,000$1,386,000$1,273,000$
Total Equity1,438,808,000$983,340,000$979,527,000$975,744,000$988,186,000$787,796,000$781,316,000$612,738,000$616,725,000$609,520,000$469,137,000$457,315,000$449,526,000$445,428,000$431,283,000$423,792,000$417,333,000$411,021,000$401,494,000$414,303,000$356,317,000$350,457,000$342,954,000$366,401,000$363,101,000$355,860,000$346,337,000$337,531,000$328,395,000$320,507,000$311,316,000$303,313,000$293,095,000$277,192,000$270,533,000$263,509,000$255,194,000$248,940,000$241,515,000$236,294,000$229,309,000$222,156,000$216,130,000$211,120,000$205,489,000$202,272,000$198,365,000$193,140,000$
Equity to Minority
Equity to Common Shareholders1,438,808,000$983,340,000$979,527,000$975,744,000$988,186,000$787,796,000$781,316,000$612,738,000$616,725,000$609,520,000$469,137,000$457,315,000$449,526,000$445,428,000$431,283,000$423,792,000$417,333,000$411,021,000$401,494,000$414,303,000$356,317,000$350,457,000$342,954,000$366,401,000$363,101,000$355,860,000$346,337,000$337,531,000$328,395,000$320,507,000$311,316,000$303,313,000$293,095,000$277,192,000$270,533,000$263,509,000$255,194,000$248,940,000$241,515,000$236,294,000$229,309,000$222,156,000$216,130,000$211,120,000$205,489,000$202,272,000$198,365,000$193,140,000$
Additional Paid-In Capital
Retained Earnings395,643,000$384,416,000$382,572,000$381,443,000$392,484,000$381,680,000$371,872,000$376,505,000$384,702,000$374,672,000$366,690,000$359,124,000$351,297,000$347,730,000$339,592,000$333,324,000$328,358,000$323,431,000$315,555,000$329,064,000$325,097,000$320,080,000$312,965,000$336,584,000$334,246,000$327,191,000$317,652,000$308,742,000$301,073,000$292,930,000$283,767,000$269,367,000$267,902,000$252,061,000$245,422,000$238,374,000$231,733,000$225,844,000$218,756,000$213,436,000$207,478,000$200,916,000$194,442,000$189,555,000$184,873,000$181,781,000$177,898,000$172,769,000$
Treasury Stock
Capital Lease Obligations49,999,000$55,033,000$29,916,000$39,594,000$33,159,000$26,827,000$28,151,000$29,091,000$29,884,000$31,082,000$