10-Q quarterly report · filed Aug 6, 2026

VSE CORP (VSEC) Q2 2026 10-Q Quarterly Report

Short answer

VSE CORP (VSEC) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $449M (up 65.0% year over year) with net income of $29M.

Q2 2026 key financials · XBRL

Revenue
$449M
+65.0% YoY · +38.4% QoQ
Net income
$29M
+792.2% YoY · −1.8% QoQ
Operating margin
10.9%
EPS (diluted)
$0.90
+462.5% YoY · −13.5% QoQ

Source: XBRL data from the VSE CORP (VSEC) Q2 2026 10-Q on SEC EDGAR. USD.

VSE CORP Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $449.1M, up 65% YoY from $272.1M, driven by acquisitions and distribution wins
  • Operating margin 10.9% vs 8.3% YoY, with operating income $49.0M, up 117%
  • Repair revenue $246.1M, up 149%; distribution revenue $203.0M, up 17%
  • Operating cash flow used $34.7M; cash increased $6.0M through six months
  • PAG acquisition funded with $1.3B offering proceeds; $900.0M term loan and $500.0M revolver capacity post-acquisition

Risk Factors

  • No material changes to 2025 Form 10-K risk factors
  • Acquisition-related execution risk following May 2026 Stock Purchase Agreement amendments
  • Financing risk following May 2026 Credit Agreement amendment
  • Insider-trading compliance risk from CEO’s 10b5-1 plan covering 35,000 shares
  • Equity-market risk from potential share sales beginning August 17, 2026

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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