VSECU - VSE Corporation Tangible Equity Units
Price:
--
--
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|
| Revenue | ||||
| Revenue | 324.6 | 301.2 | 282.9 | 272.1 |
| Cost of Revenue | 0 | 260.9 | 248.9 | 241.1 |
| Gross Profit | 0 | 40.2 | 34.1 | 31.0 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 6.2 | 3.7 | 0.7 | 7.5 |
| Other Expenses | 0 | 0 | 0 | 0 |
| Operating Expenses | 6.2 | 3.7 | 0.7 | 7.5 |
| Operating Income | ||||
| Operating Income | 32.7 | 36.5 | 33.4 | 23.5 |
| Interest Expense | (1.4) | 2.1 | 4.8 | 6.9 |
| Interest Income | 0 | 0 | 0 | 0 |
| Profitability | ||||
| EBITDA | 32.7 | 47.4 | 43.6 | 33.1 |
| EBIT | 0 | 36.5 | 33.4 | 23.5 |
| Income Before Tax | 34.1 | 30.7 | 5.7 | 16.1 |
| Income Tax Expense | 5.1 | 8.4 | 2.2 | 2.4 |
| Net Income | 29.1 | 13.6 | 3.8 | 16.4 |
| Per Share Data | ||||
| EPS (Basic) | 1.06 | 0.58 | 0.19 | 0.15 |
| EPS (Diluted) | 1.04 | 0.58 | 0.19 | 0.15 |
| Shares Outstanding | 27.5 | 23.4 | 20.7 | 20.7 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|
| Current Assets | ||||
| Cash & Cash Equivalents | 1,239.4 | 69.4 | 8.8 | 16.9 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 216.5 | 232.2 | 210.4 | 217.3 |
| Inventory | 625.7 | 553.8 | 464.3 | 463.2 |
| Other Current Assets | 79.3 | 37.9 | 38.8 | 56.2 |
| Total Current Assets | 2,160.9 | 893.3 | 722.3 | 753.6 |
| Non-Current Assets | ||||
| Property, Plant & Equipment | 142.1 | 141.2 | 126.0 | 124.0 |
| Goodwill | 638.9 | 641.2 | 428.7 | 428.7 |
| Intangible Assets | 318.8 | 296.0 | 201.8 | 208.5 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 49.9 | 56.8 | 81.7 | 87.2 |
| Total Non-Current Assets | 1,149.7 | 1,135.2 | 838.2 | 848.4 |
| Total Assets | 3,310.7 | 2,028.6 | 1,560.4 | 1,602.0 |
| Current Liabilities | ||||
| Account Payables | 147.9 | 154.5 | 112.4 | 140.5 |
| Short-Term Debt | 29.9 | 7.5 | 7.5 | 7.5 |
| Deferred Revenue | 0 | 6.9 | 0 | 0 |
| Other Current Liabilities | 68.4 | 31.8 | 0 | 0 |
| Total Current Liabilities | 246.2 | 237.5 | 183.4 | 202.0 |
| Non-Current Liabilities | ||||
| Long-Term Debt | 41.6 | 285.3 | 348.6 | 371.7 |
| Deferred Tax Liabilities | 16.8 | 12.4 | 0 | 0 |
| Other Non-Current Liabilities | 339.9 | 10.9 | 7.6 | 10.5 |
| Total Non-Current Liabilities | 398.3 | 352.3 | 393.8 | 420.5 |
| Total Liabilities | 644.4 | 589.8 | 577.1 | 622.5 |
| Stockholders' Equity | ||||
| Common Stock | 1.4 | 1.2 | 1.0 | 1.0 |
| Retained Earnings | 421.9 | 395.6 | 384.4 | 382.6 |
| Accumulated Other Comprehensive Income | 1.2 | 0.5 | 0.7 | 0.9 |
| Total Stockholders' Equity | 2,666.2 | 1,438.8 | 983.3 | 979.5 |
| Total Liabilities & Equity | 3,310.7 | 2,028.6 | 1,560.4 | 1,602.0 |
| Debt Metrics | ||||
| Total Debt | 71.5 | 342.8 | 393.7 | 417.4 |
| Net Debt | (1,167.9) | 273.4 | 384.9 | 400.5 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | 29.1 | 13.6 | 3.9 | 3.2 |
| Depreciation & Amortization | 12.7 | 10.2 | 10.2 | 9.6 |
| Stock-Based Compensation | 4.6 | 2.9 | 3.2 | 3.1 |
| Change in Working Capital | 0 | (7.6) | 0.4 | (26.3) |
| Other Non-Cash Items | (114.1) | (0.5) | 22 | 19.9 |
| Operating Cash Flow | (62.3) | 37.6 | 24.1 | 11.9 |
| Investing Activities | ||||
| Capital Expenditure | (6.5) | (6.8) | (6.0) | (5.6) |
| Acquisitions | (5.4) | (346.2) | (0.0) | 88.3 |
| Purchases of Investments | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 |
| Other Investing Activities | (15.2) | 0 | 0 | 0 |
| Investing Cash Flow | (27.1) | (353.0) | (6.1) | 82.7 |
| Financing Activities | ||||
| Net Debt Issuance | 0 | (63.5) | (23.3) | (84) |
| Stock Repurchased | 0 | 0 | 0 | 0 |
| Dividends Paid | (2.3) | (2.1) | (2.1) | (2.1) |
| Other Financing Activities | 1,261.7 | (0.2) | (0.8) | (2.2) |
| Financing Cash Flow | 1,259.4 | 375.9 | (26.2) | (88.2) |
| Cash Position | ||||
| Net Change in Cash | 1,170.0 | 60.6 | (8.1) | 6.4 |
| Cash at Beginning | 69.4 | 8.8 | 16.9 | 10.5 |
| Cash at End | 1,239.4 | 69.4 | 8.8 | 16.9 |
| Free Cash Flow | (68.7) | 30.9 | 18.0 | 6.3 |
| Key Metrics | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 324.6 | 301.2 | 282.9 | 272.1 |
| Gross Profit | 0 | 40.2 | 34.1 | 31.0 |
| Operating Income | 32.7 | 36.5 | 33.4 | 23.5 |
| Net Income | 29.1 | 13.6 | 3.8 | 16.4 |
| EPS (Diluted) | 1.04 | 0.58 | 0.19 | 0.15 |
| Balance Sheet | ||||
| Cash & Equivalents | 1,239.4 | 69.4 | 8.8 | 16.9 |
| Total Assets | 3,310.7 | 2,028.6 | 1,560.4 | 1,602.0 |
| Total Debt | 71.5 | 342.8 | 393.7 | 417.4 |
| Stockholders' Equity | 2,666.2 | 1,438.8 | 983.3 | 979.5 |
| Cash Flow | ||||
| Operating Cash Flow | (62.3) | 37.6 | 24.1 | 11.9 |
| Capital Expenditure | (6.5) | (6.8) | (6.0) | (5.6) |
| Free Cash Flow | (68.7) | 30.9 | 18.0 | 6.3 |