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
DateValue
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