Vse (VSEC) Operating Expenses (2010 - 2026)
Vse (VSEC) reported Operating Expenses of $291.8 million for Q1 2026, up 26.04% on a YoY basis from $231.5 million in Q1 2025, and up 8.61% sequentially from $268.7 million in Q4 2025.
Vse (VSEC) Operating Expenses (2010 - 2026) Analysis & Trends
Vse (VSEC) has 17 years of Operating Expenses data on file, last reported at $291.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 26.04% year-over-year to $291.8 million; the trailing twelve-month figure through Mar 2026 stood at $1.1 billion (up 33.32% YoY), and the FY2025 full-year result was $1.0 billion, up 40.57% from the prior year.
- Operating Expenses improved to $291.8 million in Q1 2026, from $268.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $291.8 million in Q1 2026 to a low of -$68.6 million in Q4 2023.
- A 5-year average of $189.6 million and a median of $190.2 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 440.68% in 2022 and tumbled 143.97% in 2023, its largest moves.
- Tracing VSEC's Operating Expenses over 5 years: stood at $156.0 million in 2022, then plunged by 143.97% to -$68.6 million in 2023, then jumped by 401.65% to $207.0 million in 2024, then climbed by 29.82% to $268.7 million in 2025, then climbed by 8.61% to $291.8 million in 2026.
- Business Quant data shows VSEC's Operating Expenses at $291.8 million in Q1 2026, $268.7 million in Q4 2025, and $272.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 369.74 Bn | 360.40 Bn | -3.10 Bn | 10.86 Bn |
| 2 | Rtx | 286.79 Bn | 278.48 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 168.91 Bn | 148.89 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 132.03 Bn | 128.24 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 111.81 Bn | 109.37 Bn | 854.00 Mn | 27.00 Mn |
| 6 | General Dynamics | 101.89 Bn | 97.56 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 75.58 Bn | 73.27 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 72.49 Bn | 68.61 Bn | 1.51 Bn | 273.00 Mn |
| 9 | L3Harris Technologies | 50.52 Bn | 49.93 Bn | 1.40 Bn | 750.00 Mn |
| 10 | Vse | 5.19 Bn | 3.95 Bn | 160.29 Mn | 291.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 291.83 Mn |
| Dec 31, 2025 | 268.69 Mn |
| Sep 30, 2025 | 272.82 Mn |
| Jun 30, 2025 | 249.63 Mn |
| Mar 31, 2025 | 231.54 Mn |
| Dec 31, 2024 | 206.96 Mn |
| Sep 30, 2024 | 183.57 Mn |
| Jun 30, 2024 | 190.23 Mn |
| Mar 31, 2024 | 146.74 Mn |
| Dec 31, 2023 | -68.61 Mn |
| Sep 30, 2023 | 206.09 Mn |
| Jun 30, 2023 | 184.59 Mn |
| Mar 31, 2023 | 171.81 Mn |
| Dec 31, 2022 | 156.05 Mn |
| Sep 30, 2022 | 152.27 Mn |
| Jun 30, 2022 | 159.23 Mn |
| Mar 31, 2022 | 219.33 Mn |
| Dec 31, 2021 | -45.81 Mn |
| Sep 30, 2021 | 186.69 Mn |
| Jun 30, 2021 | 187.83 Mn |