VSE Corporation
VSEC · NASDAQ
9/30/2025 | 6/30/2025 | 3/31/2025 | 12/31/2024 | |
|---|---|---|---|---|
| Operating Activities | – | – | – | – |
| Net Income | $3,591 | $3,197 | -$8,973 | $13,062 |
| Dep. & Amort. | $10,190 | $9,635 | $9,905 | $8,351 |
| Deferred Tax | -$15,643 | $2,290 | -$5,764 | -$156 |
| Stock-Based Comp. | $0 | $3,141 | $3,522 | $1,818 |
| Change in WC | $385 | -$26,258 | -$79,616 | $29,373 |
| Other Non-Cash | $25,566 | $19,886 | $34,294 | $2,927 |
| Operating Cash Flow | $24,089 | $11,891 | -$46,632 | $55,375 |
| Investing Activities | – | – | – | – |
| PP&E Inv. | -$6,049 | -$5,589 | -$2,875 | -$3,265 |
| Net Acquisitions | -$2,752 | -$47,739 | $2,746 | -$172,877 |
| Inv. Purchases | $0 | $0 | $0 | $0 |
| Inv. Sales/Matur. | $0 | $0 | $0 | $0 |
| Other Inv. Act. | $2,746 | $136,070 | $0 | $0 |
| Investing Cash Flow | -$6,055 | $82,742 | -$129 | -$176,142 |
| Financing Activities | – | – | – | – |
| Debt Repay. | -$23,259 | -$86,584 | $34,500 | -$20,500 |
| Stock Issued | $0 | $463 | $0 | $164,306 |
| Stock Repurch. | $0 | $0 | -$4,201 | $0 |
| Dividends Paid | -$2,068 | -$2,067 | -$2,060 | -$2,041 |
| Other Fin. Act. | -$829 | -$47 | $0 | $125 |
| Financing Cash Flow | -$26,156 | -$88,235 | $28,239 | $141,890 |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Chg. in Cash | -$8,122 | $6,398 | -$18,522 | $21,123 |
| Supplemental Information | – | – | – | – |
| Beg. Cash | $16,906 | $10,508 | $29,030 | $7,907 |
| End Cash | $8,784 | $16,906 | $10,508 | $29,030 |
| Free Cash Flow | $18,040 | $6,302 | -$49,507 | $52,110 |