VSE Corporation (VSEC)

Nasdaq: VSEC · Services-Engineering Services · Miramar, FL · filing with the SEC since 1995

Grade5.0

◀ Past 5.0● Present 4.7▶ Future 5.2

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 27, 2026	Mar 3, 2025	Mar 8, 2024	Mar 10, 2023	Mar 11, 2022	Mar 5, 2021	Mar 9, 2020	Mar 7, 2019	Mar 7, 2018	Mar 1, 2017
Revenue	1,112,275	786,256^r	544,020^r	669,448^r	481,384^r	661,659	752,627	697,218	760,113	691,790
For lenders
Net interest income	·	·	-31,083	-17,893^r	-12,063^r	-13,496	-13,830	-8,982	-9,240	-9,855
Cost of revenue	·	·	·	·	·	·	·	·	291,769	279,629
Selling, general and administrative	13,340	13,629^r	7,123^r	3,635^r	3,454^r	3,120	4,192	3,714	2,429	6,609
Total costs and expenses	1,022,680	727,500^r	493,875^r	615,844^r	484,089^r	606,896	692,370	644,688	705,788	640,261
Operating income	89,595	58,756^r	50,145^r	53,604^r	-2,705^r	13,923	60,257	54,230	54,325	51,529
Interest expense	20,556	34,947	31,085	·	·	·	·	·	·	·
Interest income (expense), net	-20,556	-34,947^r	-31,085^r	-17,893	·	·	·	·	·	·
Income before income taxes	69,039	23,809^r	19,060^r	35,711^r	-14,768^r	427	46,427	45,248	45,085	41,674
Income tax expense	15,546	4,407^r	4,495^r	9,052^r	-3,768^r	5,598	9,403	10,168	5,989	14,881
Income from continuing operations	53,493	19,402^r	14,565^r	26,659	-11,000	·	·	·	·	26,793
Income from discontinued operations	-41,790	-4,078^r	24,569^r	1,400	18,966	·	·	·	·	0
Net income	11,703	15,324	39,134	28,059	7,966	-5,171	37,024	35,080	39,096	26,793
Earnings per share, basic	0.55	0.86	2.77	2.20	0.63	-0.47	3.38	3.23	3.61	2.48
Earnings per share, diluted	0.55	0.85	2.76	2.19	0.63	-0.47	3.35	3.21	3.60	2.47
Weighted average shares, basic	21,138,691	17,878,608	14,130,334	12,780,117	12,551,459	11,034,256	10,957,750	10,876,201	10,834,562	10,793,723
Weighted average shares, diluted	21,238,718	17,975,295	14,184,729	12,827,894	12,632,874	11,034,256	11,044,731	10,936,057	10,867,834	10,828,152

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 2-for-1 split of Jun 2016.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsSold

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:OperatingCostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating

Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keeps

us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closed

us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton VSEC · research, not advice