| Balance Sheets | 2026-03-31 | 2025-12-31 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 1,239,407 | 69,358 | ||
| Receivables (net of allowance of 7.3million and 7.2million, respectively) | 216,504 | 190,732 | ||
| Contract assets | 45,723 | 41,468 | ||
| Inventories | 625,737 | 553,834 | ||
| Prepaid expenses and other current assets | 33,569 | 37,937 | ||
| Current assets held-for-sale | - | 0 | ||
| Total current assets | 2,160,940 | 893,329 | ||
| Property and equipment (net of accumulated depreciation of 37.9 million and 34.2 million, respectively) | 93,821 | 91,098 | ||
| Intangible assets (net of accumulated amortization of 111.8 million and 100.2 million, respectively) | 318,809 | 295,962 | ||
| Goodwill | 638,889 | 641,242 | ||
| Operating lease right-of-use assets | 48,272 | 50,151 | ||
| Note receivable | 27,735 | 27,041 | ||
| Other assets | 22,197 | 29,755 | ||
| Total assets | 3,310,663 | 2,028,578 | ||
| Current portion of long-term debt | 29,924 | 7,500 | ||
| Accounts payable | 147,910 | 154,506 | ||
| Accrued expenses and other current liabilities | 65,550 | 73,161 | ||
| Dividends payable | 2,806 | 2,339 | ||
| Current liabilities held-for-sale | - | 0 | ||
| Total current liabilities | 246,190 | 237,506 | ||
| Long-term debt, net of current portion | 331,051 | 285,304 | ||
| Deferred compensation | 4,613 | 5,918 | ||
| Long-term operating lease obligations | 41,557 | 43,693 | ||
| Deferred tax liabilities | 16,782 | 12,394 | ||
| Other long-term liabilities | 4,254 | 4,955 | ||
| Total liabilities | 644,447 | 589,770 | ||
| Common stock, par value 0.05 per share, authorized 44,000,000 shares issued and outstanding 28,055,592 and 23,398,046, respectively | 1,403 | 1,170 | ||
| Additional paid-in capital | 2,241,751 | 1,041,483 | ||
| Retained earnings | 421,891 | 395,643 | ||
| Accumulated other comprehensive income | 1,171 | 512 | ||
| Total stockholders' equity | 2,666,216 | 1,438,808 | ||
| Total liabilities and stockholders' equity | 3,310,663 | 2,028,578 | ||
VSE CORP (VSECU)
VSE CORP (VSECU)