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VSE Corp balance sheet

At the end of fiscal 2025, VSE Corp had total assets of $2.03bn, total liabilities of $590m and shareholders' equity of $1.44bn. It held $69.4m in cash against $296m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents860200101010108306975
Receivables—15711891785978101566071557791128158191275
Total current assets—1741781461291221972582492813553554645497749658931,325
Goodwill—36999292921991991991992762382172172894286411,810
Total assets—2884554103813556176626296398467809191,0001,3501,7432,0294,397
Accounts payable—7650303229409466576873115129173145155187
Deferred revenue (current)—————————541076347—
Total current liabilities—11910781828797148114105164139180225287299238352
Short-term debt—719232525172179172014102330832
Long-term debt—111451166424215194166151253231270276407400285915
Total debt0181641409249235216174163273253287289433433296967
Total liabilities—1653112461941503884073363104834245015507347545901,464
Shareholders' equity1011241441641872052292552933283633564174506179881,4392,933
Shares outstanding—10m10m11m11m11m11m11m11m11m11m11m13m13m16m21m23m28m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from VSE Corp's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to VSE Corp.