Vse (VSEC) Cost of Revenue (2010 - 2026)

Vse's (VSEC) quarterly Cost of Revenue came in at $112.3 million in Q1 2026, up 30.22% year-on-year from $86.2 million in Q1 2025, and down 64.85% quarter-over-quarter from $319.5 million in Q4 2025.

Vse (VSEC) Cost of Revenue (2010 - 2026) Analysis & Trends

Vse has disclosed Cost of Revenue across 17 years of filings, most recently posting $112.3 million for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $112.3 million, up 30.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $616.0 million (up 31.83% YoY), and the FY2025 annual result was $590.0 million, up 45.72% from the prior year.
  • Cost of Revenue came in at $112.3 million for Q1 2026 at Vse, down from $319.5 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $422.2 million in Q4 2022 to a low of -$297.9 million in Q4 2023.
  • The 5-year median for Cost of Revenue is $96.6 million (2024), against an average of $115.9 million.
  • Across the five-year window, Cost of Revenue soared 366.74% in 2022 and sank 170.56% in 2023, its largest moves.
  • Vse's Cost of Revenue stood at $422.2 million in 2022, then tumbled by 170.56% to -$297.9 million in 2023, then soared by 169.62% to $207.4 million in 2024, then jumped by 54.01% to $319.5 million in 2025, then slumped by 64.85% to $112.3 million in 2026.
  • The last three Cost of Revenue figures came in at $112.3 million (Q1 2026), $319.5 million (Q4 2025), and $94.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 DEFSEC Technologies 5,720.56 Bn 5,720.56 Bn 456,459.43 1.09 Mn
2 General Electric 359.38 Bn 348.64 Bn 9.11 Bn 3.28 Bn
3 Rtx 248.80 Bn 243.70 Bn 9.08 Bn 13.00 Bn
4 Boeing 180.64 Bn 159.74 Bn 2.55 Bn 19.67 Bn
5 Lockheed Martin 121.64 Bn 119.74 Bn 2.08 Bn 15.94 Bn
6 Howmet Aerospace 108.46 Bn 106.03 Bn 854.00 Mn 1.46 Bn
7 General Dynamics 96.96 Bn 93.31 Bn 9.09 Bn 4.40 Bn
8 Embraer 95.73 Bn 93.11 Bn - -
9 Northrop Grumman 77.30 Bn 75.21 Bn 3.45 Bn 6.43 Bn
10 Vse 5.57 Bn 4.33 Bn 212.29 Mn 112.29 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 112.29 Mn
Mar 31, 2026 112.29 Mn
Dec 31, 2025 319.45 Mn
Dec 31, 2025 319.45 Mn
Sep 30, 2025 94.49 Mn
Sep 30, 2025 94.49 Mn
Jun 30, 2025 89.80 Mn
Jun 30, 2025 89.80 Mn
Mar 31, 2025 86.23 Mn
Mar 31, 2025 86.23 Mn
Dec 31, 2024 207.42 Mn
Dec 31, 2024 207.42 Mn
Sep 30, 2024 77.02 Mn
Sep 30, 2024 77.02 Mn
Jun 30, 2024 96.62 Mn
Jun 30, 2024 96.62 Mn
Mar 31, 2024 92.66 Mn
Mar 31, 2024 92.66 Mn
Dec 31, 2023 -297.92 Mn
Dec 31, 2023 -297.92 Mn