Vse annual free cash flow
2009
2010
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2021
2022
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2024
2025
Vse Free Cash Flow (FCF) History (VSEC)
Vse reported $5.7M in free cash flow for fiscal 2025, an increase of $57.5M from the previous fiscal year, with a free cash flow margin of 0.51%.
View full Vse company overviewVse free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.7M | $57.5M | — | +0.51% |
| 2024 | 2024-12-31 | −$51.7M | −$11.2M | — | −6.58% |
| 2023 | 2023-12-31 | −$40.5M | −$37.3M | — | −7.44% |
| 2022 | 2022-12-31 | −$3.2M | $25.0M | — | −0.47% |
| 2021 | 2021-12-31 | −$28.1M | −$59.5M | — | −5.84% |
| 2020 | 2020-12-31 | $31.3M | $23.0M | +274.63% | +4.74% |
| 2019 | 2019-12-31 | $8.4M | −$7.4M | −46.85% | +1.11% |
| 2018 | 2018-12-31 | $15.7M | −$30.9M | −66.28% | +2.26% |
| 2017 | 2017-12-31 | $46.7M | $6.0M | +14.84% | +6.14% |
| 2016 | 2016-12-31 | $40.6M | $13.6M | +50.48% | +5.88% |
| 2015 | 2015-12-31 | $27.0M | −$19.3M | −41.66% | +5.06% |
| 2014 | 2014-12-31 | $46.3M | −$5.9M | −11.27% | +10.92% |
| 2013 | 2013-12-31 | $52.2M | $13.2M | +33.99% | +11.06% |
| 2012 | 2012-12-31 | $38.9M | $10.9M | +38.78% | +7.12% |
| 2011 | 2011-12-31 | $28.1M | $14.9M | +113.36% | +4.83% |
| 2010 | 2010-12-31 | $13.2M | −$2.5M | −15.75% | +1.62% |
| 2009 | 2009-12-31 | $15.6M | — | — | +1.54% |
Vse quarterly free cash flow
Q3.10
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Q3.24
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Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $18.7M | $12.4M | +196.52% | +4.16% |
| Q1 2026 | 2026-03-31 | −$68.7M | −$19.2M | — | −21.17% |
| Q4 2025 | 2025-12-31 | $30.9M | −$21.2M | −40.75% | +10.25% |
| Q3 2025 | 2025-09-30 | $18.0M | $13.6M | +308.98% | +6.38% |
| Q2 2025 | 2025-06-30 | $6.3M | $27.8M | — | +2.32% |
| Q1 2025 | 2025-03-31 | −$49.5M | $37.3M | — | −19.34% |
| Q4 2024 | 2024-12-31 | $52.1M | $32.0M | +159.63% | +22.92% |
| Q3 2024 | 2024-09-30 | $4.4M | −$6.3M | −58.63% | +2.17% |
| Q2 2024 | 2024-06-30 | −$21.5M | −$1.8M | — | −11.14% |
| Q1 2024 | 2024-03-31 | −$86.8M | −$35.3M | — | −53.45% |
| Q4 2023 | 2023-12-31 | $20.1M | $11.6M | +137.22% | — |
| Q3 2023 | 2023-09-30 | $10.7M | −$600,000 | −5.33% | +4.61% |
| Q2 2023 | 2023-06-30 | −$19.7M | −$16.3M | — | −9.61% |
| Q1 2023 | 2023-03-31 | −$51.5M | −$32.1M | — | −27.32% |
| Q4 2022 | 2022-12-31 | $8.5M | −$1.5M | −15.45% | +8.37% |
| Q3 2022 | 2022-09-30 | $11.3M | −$9.7M | −46.36% | +6.73% |
| Q2 2022 | 2022-06-30 | −$3.4M | $17.2M | — | −2.03% |
| Q1 2022 | 2022-03-31 | −$19.4M | $19.0M | — | −8.41% |
| Q4 2021 | 2021-12-31 | $10.0M | $11.0M | — | — |
| Q3 2021 | 2021-09-30 | $21.0M | $9.7M | +85.83% | +10.47% |
| Q2 2021 | 2021-06-30 | −$20.6M | −$35.6M | — | −11.79% |
| Q1 2021 | 2021-03-31 | −$38.5M | −$44.5M | — | −23.32% |
| Q4 2020 | 2020-12-31 | −$945,000 | $441,000 | — | −0.63% |
| Q3 2020 | 2020-09-30 | $11.3M | −$702,000 | −5.85% | +6.83% |
| Q2 2020 | 2020-06-30 | $14.9M | $17.7M | — | +8.86% |
| Q1 2020 | 2020-03-31 | $6.0M | $5.6M | +1189.32% | +3.40% |
| Q4 2019 | 2019-12-31 | −$1.4M | −$16.2M | — | −0.71% |
| Q3 2019 | 2019-09-30 | $12.0M | $5.6M | +87.43% | +6.05% |
| Q2 2019 | 2019-06-30 | −$2.7M | $15.0M | — | −1.44% |
| Q1 2019 | 2019-03-31 | $468,000 | −$11.8M | −96.18% | +0.28% |
| Q4 2018 | 2018-12-31 | $14.8M | $5.3M | +55.33% | +8.20% |
| Q3 2018 | 2018-09-30 | $6.4M | −$12.9M | −66.89% | +3.79% |
| Q2 2018 | 2018-06-30 | −$17.7M | −$35.3M | — | −10.41% |
| Q1 2018 | 2018-03-31 | $12.2M | $12.0M | +5064.56% | +6.92% |
| Q4 2017 | 2017-12-31 | $9.6M | −$8.1M | −46.01% | +4.90% |
| Q3 2017 | 2017-09-30 | $19.3M | $7.3M | +60.32% | +11.10% |
| Q2 2017 | 2017-06-30 | $17.5M | $20.6M | — | +9.05% |
| Q1 2017 | 2017-03-31 | $237,000 | −$13.7M | −98.30% | +0.12% |
| Q4 2016 | 2016-12-31 | $17.7M | $1.4M | +8.35% | +8.23% |
| Q3 2016 | 2016-09-30 | $12.1M | $98,000 | +0.82% | +6.98% |
| Q2 2016 | 2016-06-30 | −$3.1M | −$5.8M | — | −1.91% |
| Q1 2016 | 2016-03-31 | $14.0M | $17.9M | — | +9.72% |
| Q4 2015 | 2015-12-31 | $16.3M | $7.0M | +75.43% | +11.29% |
| Q3 2015 | 2015-09-30 | $12.0M | −$920,000 | −7.14% | +8.71% |
| Q2 2015 | 2015-06-30 | $2.7M | −$8.4M | −75.90% | +2.05% |
| Q1 2015 | 2015-03-31 | −$4.0M | −$16.9M | — | −3.28% |
| Q4 2014 | 2014-12-31 | $9.3M | −$6.5M | −41.08% | +9.80% |
| Q3 2014 | 2014-09-30 | $12.9M | −$1.8M | −12.38% | +12.66% |
| Q2 2014 | 2014-06-30 | $11.1M | $3.0M | +36.84% | +10.31% |
| Q1 2014 | 2014-03-31 | $13.0M | −$566,000 | −4.18% | +10.87% |
| Q4 2013 | 2013-12-31 | $15.8M | $6.3M | +65.76% | +12.91% |
| Q3 2013 | 2013-09-30 | $14.7M | −$3.9M | −21.05% | +13.24% |
| Q2 2013 | 2013-06-30 | $8.1M | −$4.6M | −36.03% | +6.83% |
| Q1 2013 | 2013-03-31 | $13.5M | $15.5M | — | +11.37% |
| Q4 2012 | 2012-12-31 | $9.5M | $8.4M | +746.45% | +6.96% |
| Q3 2012 | 2012-09-30 | $18.6M | −$9.2M | −32.95% | +13.88% |
| Q2 2012 | 2012-06-30 | $12.7M | $12.3M | +3364.31% | +9.37% |
| Q1 2012 | 2012-03-31 | −$1.9M | −$716,000 | — | −1.38% |
| Q4 2011 | 2011-12-31 | $1.1M | −$3.9M | −77.56% | +1.01% |
| Q3 2011 | 2011-09-30 | $27.8M | — | — | +17.37% |
| Q2 2011 | 2011-06-30 | $367,000 | — | — | +0.23% |
| Q1 2011 | 2011-03-31 | −$1.2M | — | — | −0.80% |
| Q3 2010 | 2010-09-30 | $5.0M | — | — | +2.36% |
Vse free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $31.3M to $5.7M, a compound annual decline of 28.86%. Vse's latest reported quarter, Q2 2026, generated $18.7M in free cash flow, an increase of 196.52% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Vse filings at SEC.gov ↗