VSE Corporation Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	69.36	29.51	7.77	0.31	0.52
Cash & Short-Term Investments	69.36	29.51	7.77	0.31	0.52
Cash Growth	135.07%	279.83%	2446.88%	-41.12%	37.04%
Accounts Receivable	190.73	158.1	127.96	90.6	76.59
Other Receivables	41.47	29.96	8.05	7.41	31.88
Total Trade Receivables	232.2	188.06	136.01	98.01	108.47
Inventory	553.83	434.06	500.86	380.44	322.7
Other Current Assets	37.94	313.72	129.39	70.13	32.3
Total Current Assets	893.33	965.35	774.03	548.88	463.99
Net Property, Plant & Equipment	141.25	114.27	86.76	62.06	69.81
Other Intangible Assets	295.96	197.16	114.13	86.56	108.26
Goodwill	641.24	428.26	351.78	217.26	248.75
Other Long-Term Assets	56.8	37.6	23.64	85.03	27.74
Total Assets	2,029	1,743	1,350	999.79	918.56
Accounts Payable	154.51	145.49	173.04	128.5	115.06
Accrued Expenses	73.16	52.75	36.38	31.89	49.47
Current Portion of Long-Term Debt	7.5	30	22.5	10	14.16
Other Current Liabilities	2.34	70.26	54.97	54.21	1.27
Total Current Liabilities	237.51	298.5	286.89	224.6	179.96
Long-Term Debt	285.3	400.17	406.84	276.3	270.41
Long-Term Leases	43.69	39.5	24.96	19.15	27.17
Other Long-Term Liabilities	23.27	16.27	14.92	30.21	23.69
Total Long-Term Liabilities	352.26	455.94	446.73	325.66	321.26
Total Liabilities	589.77	754.44	733.61	550.26	501.23
Common Stock	1.17	1.03	0.79	0.64	0.64
Additional Paid-in Capital	1,041	591.6	229.1	92.62	88.52
Accumulated Other Comprehensive Income	0.51	3.07	2.13	4.97	-0.18
Retained Earnings	395.64	392.48	384.7	351.3	328.36
Shareholders' Equity	1,439	988.19	616.73	449.53	417.33
Total Liabilities & Equity	2,029	1,743	1,350	999.79	918.56
Total Debt	336.5	469.67	454.3	305.45	311.74
Net Cash (Debt)	-267.14	-440.17	-446.54	-305.15	-311.22
Net Cash Per Share	-12.58	-24.49	-31.48	-23.79	-24.64
Book Value	1,439	988.19	616.73	449.53	417.33
Book Value Per Share	67.74	54.97	43.48	35.04	33.04
Tangible Book Value	501.6	362.77	150.81	145.71	60.32
Tangible Book Value Per Share	23.62	20.18	10.63	11.36	4.77

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q