VSE Quarterly Cash Flow Statement
NASDAQ: VSECConsumer DiscretionaryMilitary/Government/TechnicalUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
VSE free cash flow
In the quarter ended Jun 30, 2026, VSE generated $27.6 million of operating cash flow and spent $8.9 million on capital expenditures. That left free cash flow of $18.7 million, a free-cash-flow margin of 4.2% of revenue. Free cash flow was up 196.5% from the prior year's $6.3 million.
VSE returned $2.8 million to shareholders through dividends, equal to 15% of free cash flow. Free cash flow covered dividend payments 6.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
VSE cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 28.52M | 29.05M | 13.57M | 3.91M | 3.20M | -8.97M | 13.06M | 11.65M | -2.78M | -6.61M | 11.61M | 9.56M |
| Net Income growth (YoY) | +792.18% | — | +3.87% | -66.42% | — | — | +12.55% | +21.90% | -131.36% | -172.51% | +139.38% | +1.47% |
| Depreciation & Amortization | 23.97M | 12.75M | 10.19M | 10.19M | 9.63M | 9.90M | 8.35M | 7.54M | 6.92M | 5.95M | 5.96M | 5.45M |
| Stock-Based Compensation | 4.08M | 4.58M | 2.93M | 3.25M | 3.14M | 3.52M | 1.82M | 1.69M | 2.31M | 2.50M | 1.93M | 1.92M |
| Change in Working Capital | -44.72M | -107.65M | 1.96M | -5.43M | -28.84M | -66.55M | 25.27M | -10.29M | -37.76M | -87.57M | 8.04M | -5.40M |
| Operating Cash Flow | 27.56M | -62.26M | 37.64M | 24.09M | 11.89M | -46.63M | 55.38M | 10.18M | -17.53M | -79.06M | 27.94M | 15.32M |
| Capital Expenditures | -8.87M | -6.46M | -6.77M | -6.05M | -5.59M | -2.88M | -3.27M | -5.76M | -3.94M | -7.73M | -7.87M | -4.66M |
| Investing Cash Flow | -1.77B | -27.09M | -353.01M | -6.05M | 82.74M | -129.00K | -176.14M | -5.71M | -115.23M | 33.41M | -7.78M | -211.62M |
| Dividends Paid | -2.81M | -2.34M | -2.07M | -2.07M | -2.07M | -2.06M | -2.04M | -1.84M | -1.60M | -1.58M | -1.57M | -1.29M |
| Debt Issued | 887.08M | 47.27M | 19.27M | 23.18M | 550.39M | 74.49M | 212.07M | 107.28M | 208.80M | 211.08M | 234.07M | 287.38M |
| Debt Repaid | -294.38M | -49.15M | -82.76M | -46.44M | -634.39M | -39.99M | -232.57M | -120.78M | -227.25M | -159.13M | -264.57M | -200.88M |
| Financing Cash Flow | 577.56M | 1.26B | 375.94M | -26.16M | -88.23M | 28.24M | 141.89M | -15.55M | 141.18M | 48.29M | -33.06M | 212.79M |
| Net Change in Cash | -1.16B | 1.17B | 60.57M | -8.12M | 6.40M | -18.52M | 21.12M | -11.09M | 8.42M | 2.64M | -12.90M | 16.49M |
| Free Cash Flow | 18.69M | -68.72M | 30.87M | 18.04M | 6.30M | -49.51M | 52.11M | 4.41M | -21.47M | -86.79M | 20.07M | 10.66M |
This table shows 12 quarterly periods of VSE's cash flow statement, from Q2 2026 back to Q3 2023, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow VSEC's reporting calendar. What is a cash flow statement?