VSEC · XBRL financial data

Vse financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (VSEC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	662	751	950	860	1,080	1,112
Selling, general and administrative	3	4	5	8	15	13
Operating income (loss)	14	22	55	88	81	90
Interest expense	—	—	—	31	35	21
Income tax expense (benefit)	6	1	9	14	10	16
Net income (loss)	(5)	8	28	39	15	12
Earnings per share, basic USD per share	(0.47)	0.63	2.20	2.77	0.86	0.55
Earnings per share, diluted USD per share	(0.47)	0.63	2.19	2.76	0.85	0.55
Weighted average shares, basic millions of shares	11	13	13	14	18	21
Weighted average shares, diluted millions of shares	11	13	13	14	18	21

Fiscal years (VSEC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	0	1	0	8	29	69
Accounts receivable	55	77	103	128	198	191
Prepaid and other current assets	—	—	—	36	42	38
Total current assets	355	464	549	774	875	893
Property and equipment, net	36	42	48	58	86	91
Right-of-use asset	21	27	34	29	53	50
Goodwill	238	249	249	352	491	641
Total assets	780	919	1,000	1,350	1,735	2,029
Accounts payable	73	115	160	173	188	155
Accrued liabilities	—	—	—	—	—	73
Current portion of long-term debt	20	14	10	23	30	8
Total current liabilities	139	180	225	287	282	238
Long-term debt	231	270	276	407	400	285
Lease liability, non-current	23	27	32	25	48	44
Total liabilities	424	501	550	734	746	590
Retained earnings	325	328	351	385	392	396
Total stockholders' equity	356	417	450	617	988	1,439
Total liabilities and equity	780	919	1,000	1,350	1,735	2,029
Common shares outstanding (cover page) millions of shares	13	13	13	16	21	28

Fiscal years (VSEC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(5)	8	28	39	15	12
Stock-based compensation	3	4	4	8	8	13
Depreciation and amortization	24	26	26	23	29	40
Net cash from operating activities	36	(18)	8	(22)	(31)	27
Purchases of property and equipment	4	11	11	19	21	21
Net cash from investing activities	20	(62)	(2)	(236)	(264)	(276)
Proceeds from issuing common stock	0	52	1	130	326	442
Dividends paid	4	4	5	5	7	8
Proceeds from long-term debt	433	492	520	844	739	667
Repayments of long-term debt	452	458	518	700	740	804
Net cash from financing activities	(56)	79	(6)	265	316	290
Net change in cash	(0)	0	(0)	7	21	40

SIC 8711 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 8711 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Vse	75	449	28*	28.1M	Q2 FY26 10-QJun 30, 2026
Willdan Group	35	231	44*	15.2M	Q2 FY26 10-QJul 3, 2026
Tetra Tech	231	1,309	229*	256.0M	Q3 FY26 10-QJun 28, 2026
Aecom	1,013	3,586	not reported	128.7M	Q3 FY26 10-QJul 3, 2026

Not investment advice. Not affiliated with the U.S. SEC.