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VSE Corporation VSEC Accrued Expenses

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Other financials

Income statement

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Revenue$449.1M+65.0%
Operating income$49.0M+117%
Net income$28.5M+792%
EPS (diluted)$0.91+469%

Balance sheet

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Cash & equivalents$75.4M+346%
Total debt$1.0B+146%
Total equity$2.9B+199%
Total assets$4.4B+174%

Cash flow

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Operating cash flow-$62.3M-33.5%
CapEx$8.9M+58.7%
Free cash flow-$68.7M-38.8%

Valuation

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Market cap$6.21B+95.4%
Enterprise value$7.16B+100%
P/E82.7×-85.0×
P/S4.6×+1.3×

Profitability

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Gross margin60.6%
Operating margin9.2%0.0pp
Net margin5.5%+3.6pp
FCF margin-9.9%

Returns & leverage

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Return on equity3.8%+1.7pp
Debt / equity0.3×-0.1×
Current ratio3.8×0.0×

Where this comes from

Reported directly by VSE Corporation in its filing.

Tagged under the XBRL concept us-gaap:AccruedLiabilitiesAndOtherLiabilities.

The source filing: VSE Corporation’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:34 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000102752-26-000064
(in thousands, except share and per share amounts)June 30, 2026December 31, 2025
Current liabilities:
Current portion of long-term debt$32,004$7,500
Accounts payable187,068154,506
Accrued expenses and other current liabilities96,07773,161
Dividends payable2,8062,339
Earn-out obligation33,850
Total current liabilities351,805237,506
Long-term debt, net of current portion914,953285,304

Item 1. Financial Statements

FAQ

What is VSE Corporation's accrued expenses?
VSE Corporation (VSEC) reported accrued expenses of $96.08M in Q2 2026.
How has VSE Corporation's accrued expenses changed year-over-year?
VSE Corporation's accrued expenses increased by 84.7% year-over-year, from $52.01M to $96.08M.
What is the long-term trend for VSE Corporation's accrued expenses?
Over 5 years (2020 to 2025), VSE Corporation's accrued expenses has grown at a 10.1% compound annual growth rate (CAGR), from $45.17M to $73.16M.
What does accrued expenses mean?
Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

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