FY2025 · ended Dec 31, 2025 · Revenue $1.11B, +41.5% YoY · Filed Feb 27, 2026
Vse Corporation (VSEC) files with the SEC under industry code 8711, Services-Engineering Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.1 billion and net income of $11.7 million. Free cash flow was $5.7 million. As of Sep 30, 2026 it held $65.8 million in cash and investments and $1.0 billion in total debt.
Revenue (TTM)
$1.62B
+55.6% vs year-ago TTM
Net income (TTM)
$118.41M
+957.4% vs year-ago TTM
Operating cash flow (TTM)
$58.93M
+31.8% vs year-ago TTM
Free cash flow (TTM)
$27.46M
+1.9% vs year-ago TTM
EPS (TTM)
$4.17
+667.1% vs year-ago TTM
Dividend per share (TTM)
$0.40
+0.0% vs year-ago TTM
Shares outstanding
27.99M
+35.9% vs prior year
Net cash
$-969.97M
as of Sep 30, 2026
Operating margin
11.9%
FY 2026
Company profile
- Industry
- Services-Engineering Services (SIC 8711)
- Listed as
- VSEC (Nasdaq), VSECU (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Miramar, FL
- SEC filer status
- Large accelerated filer
- SEC CIK
- 102752
Other Services-Engineering Services companies
- Tetra Tech Inc TTEK
- Stantec Inc STN
- Aecom ACM
- Willdan Group, Inc. WLDN
- Mistras Group, Inc. MG
- Julong Holding Ltd JLHL
- HyOrc Corp HYOR
- Acorn Energy, Inc. ACFN
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 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 |
| Net income | $11.7M | $15.3M | $39.1M | $28.1M | $8.0M |
| Diluted EPS | $0.55 | $0.85 | $2.76 | $2.19 | $0.63 |
| Operating cash flow | $27.0M | -$31.0M | -$21.8M | $8.1M | -$17.6M |
| Free cash flow | $5.7M | -$51.7M | -$40.5M | -$3.2M | -$28.1M |
| Total assets | $2.0B | $1.7B | $1.4B | $999.8M | $918.6M |
| Total liabilities | $589.8M | $754.4M | $733.6M | $550.3M | $501.2M |
| Stockholders' equity | $1.4B | $988.2M | $616.7M | $449.5M | $417.3M |
| Cash and investments | $69.4M | $29.5M | $7.8M | $305,000 | $518,000 |
| Total debt | $342.8M | $485.2M | $459.3M | $325.9M | $317.7M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 5, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Other events
|
Nov 4, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 4, 2026 | Nov 4, 2026 |
| 8-K |
Current report
Other events
|
Aug 6, 2026 | Aug 4, 2026 |
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 5, 2026 | Aug 5, 2026 |
All 1003 Vse Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.