VSE CORP
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.1B | $786.3M | $544.0M | $669.4M | $481.4M |
| Operating income | $89.6M | $58.8M | $50.1M | $53.6M | -$2.7M |
| Cash from operations | $27.0M | -$31.0M | -$21.8M | $8.1M | -$17.6M |
| Capital expenditure | $21.3M | $20.7M | $18.7M | $11.2M | $10.5M |
| Free cash flow | $5.7M | -$51.7M | -$40.5M | -$3.2M | -$28.1M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $2.0B | $1.7B | $1.4B | $999.8M | $918.6M |
| Total liabilities | $589.8M | $754.4M | $733.6M | $550.3M | $501.2M |
| Total debt | $296.2M | $432.5M | $433.0M | $288.6M | $286.7M |
Shares outstanding 28.1M · Free float 93.4%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.