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VSE Corporation VSEC Total costs & expenses

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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$6.33B+95.9%
Enterprise value$7.28B+100%
P/E84.3×-86.3×
P/S4.7×+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:OperatingCostsAndExpenses.

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)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Selling, general and administrative expenses9,0312,61615,2324,927
Earn-out receivable fair value adjustments5,9005,900
Amortization of intangible assets18,4506,48727,50012,621
Total costs and operating expenses400,179249,626692,011481,167
Operating income48,95822,51381,70647,017
Interest expense, net5,2306,4453,82814,384
Loss on debt extinguishment4,4734,473
Income from continuing operations before income taxes39,25516,06873,40532,633

Item 1. Financial Statements

FAQ

What is VSE Corporation's total costs & expenses?
VSE Corporation (VSEC) reported total costs & expenses of $400.18M in Q2 2026.
How has VSE Corporation's total costs & expenses changed year-over-year?
VSE Corporation's total costs & expenses increased by 60.3% year-over-year, from $249.63M to $400.18M.
What is the long-term trend for VSE Corporation's total costs & expenses?
Over 3 years (2021 to 2025), VSE Corporation's total costs & expenses has grown at a 24.5% compound annual growth rate (CAGR), from $529.89M to $1.02B.
What does total costs & expenses mean?
This represents the aggregate of all operating and non-operating costs incurred by the company to generate revenue, including cost of goods sold, selling, general, and administrative expenses, and other operational outlays. It serves as a primary indicator of the company's overall cost structure and operational efficiency. Monitoring this metric helps investors assess the company's ability to manage its expense base relative to its top-line growth.

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