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| Date | Value |
|---|---|
| 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 |