---
title: "VSE (VSEC.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/VSEC.US/norm.md"
symbol: "VSEC.US"
name: "VSE"
parent: "https://longbridge.com/en/quote/VSEC.US.md"
datetime: "2026-05-21T13:41:43.872Z"
locales:
  - [en](https://longbridge.com/en/quote/VSEC.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/VSEC.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/VSEC.US/norm.md)
---

# VSE (VSEC.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 1.04 | 0.6019 | 0.1855 | 0.1547 | -0.4361 |
| ROE | 5.66% | 7.36% | 1.46% | 5.58% | 5.69% |
| Revenue | 324.58M | 301.18M | 282.91M | 272.14M | 256.05M |
| Net income | 29.05M | 13.57M | 3.91M | 3.20M | -8.97M |
| Operating income | 37.25M | 36.49M | 33.39M | 23.51M | 25.00M |
| Gross margin | 14.79% | 15.58% | 14.40% | 13.79% | 12.87% |
| Net margin | 8.95% | 4.50% | 1.38% | 1.17% | -3.50% |
| Profit quality | -59.82% | 96.94% | 138.60% | 197.74% | -53.62% |

## Balance Sheet (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 3.31B | 2.03B | 1.56B | 1.60B | 1.73B |
| Leverage | 1.24 | 1.41 | 1.59 | 1.64 | 1.78 |
| BVPS | 95.03 | 61.49 | 47.54 | 47.37 | 47.21 |
| Turnover | 0.4682 | 0.5899 | 0.6867 | 0.6196 | 0.5733 |
| Cash & STI | 1.24B | 69.36M | 8.78M | 16.91M | 5.71M |
| Inv & Rec | 625.74M | 553.83M | 464.31M | 463.22M | 441.45M |
| LT assets | 142.09M | 141.25M | 125.96M | 123.99M | 116.40M |
| Net debt | -836.60M | 274.00M | 385.61M | 400.51M | 498.64M |

## Cash Flow Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -62.26M | 37.64M | 24.09M | 11.89M | -46.63M |
| Investing CF | -27.09M | -353.01M | -6.05M | 82.74M | -129000.00 |
| Financing CF | 1.26B | 375.94M | -26.16M | -88.23M | 28.24M |
| Free CF | -86.56M | -33.56M | 28.84M | 197.05M | -22.17M |
| OCF coverage | -107.45% | 41.10% | 44.15% | 1.85% | -103.80% |
| Repaid & issued | 47.27M | 19.27M | 23.18M | 550.39M | 74.49M |
| CapEx | -6.46M | -6.77M | -6.05M | -5.59M | -2.88M |

## Distribution Plan

**Dividend Yield**: 0.24

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.1USD | 2026-07-15 | 2026-07-15 | 2026-07-29 |
| Cash Dividend: 
0.1USD | 2026-04-15 | 2026-04-15 | 2026-04-29 |
| Cash Dividend: 
0.1USD | 2026-01-15 | 2026-01-15 | 2026-01-29 |