Vse (VSEC) Operating Expenses (2010 - 2026)
Vse's (VSEC) quarterly Operating Expenses came in at $291.8 million in Q1 2026, up 26.04% year-on-year from $231.5 million in Q1 2025, and up 8.61% quarter-over-quarter from $268.7 million in Q4 2025.
Vse (VSEC) Operating Expenses (2010 - 2026) Analysis & Trends
Vse has disclosed Operating Expenses across 17 years of filings, most recently posting $291.8 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $291.8 million, up 26.04% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 33.32% YoY), and the FY2025 annual result was $1.0 billion, up 40.57% from the prior year.
- Operating Expenses came in at $291.8 million for Q1 2026 at Vse, up 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.
- The 5-year median for Operating Expenses is $190.2 million (2024), against an average of $189.6 million.
- Across the five-year window, Operating Expenses surged 440.68% in 2022 and sank 143.97% in 2023, its largest moves.
- Vse's Operating Expenses stood at $156.0 million in 2022, then tumbled by 143.97% to -$68.6 million in 2023, then surged by 401.65% to $207.0 million in 2024, then grew by 29.82% to $268.7 million in 2025, then grew by 8.61% to $291.8 million in 2026.
- The last three Operating Expenses figures came in at $291.8 million (Q1 2026), $268.7 million (Q4 2025), and $272.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 5,720.56 Bn | 5,720.56 Bn | 456,459.43 | 1.85 Mn |
| 2 | General Electric | 359.38 Bn | 348.64 Bn | 9.11 Bn | 10.18 Bn |
| 3 | Rtx | 248.80 Bn | 243.70 Bn | 9.08 Bn | 19.59 Bn |
| 4 | Boeing | 180.64 Bn | 159.74 Bn | 2.55 Bn | 2.10 Bn |
| 5 | Lockheed Martin | 121.64 Bn | 119.74 Bn | 2.08 Bn | - |
| 6 | Howmet Aerospace | 108.46 Bn | 106.03 Bn | 854.00 Mn | 120.00 Mn |
| 7 | General Dynamics | 96.96 Bn | 93.31 Bn | 9.09 Bn | 12.06 Bn |
| 8 | Embraer | 95.73 Bn | 93.11 Bn | - | - |
| 9 | Northrop Grumman | 77.30 Bn | 75.21 Bn | 3.45 Bn | 8.89 Bn |
| 10 | Vse | 5.57 Bn | 4.33 Bn | 212.29 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 |