VSE CORP
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
VSEC$189.61+9.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Schedule II - Valuation and Qualifying Accounts
| For the years ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Allowance for credit losses (in thousands): | |||
| Allowance as of beginning of year | $4,084 | $2,539 | $1,907 |
| Additions charged to costs and operating expenses | 4,312 | 2,204 | 683 |
| Deductions | (1,147) | (659) | (51) |
| Allowance as of end of year | $7,249 | $4,084 | $2,539 |
| For the years ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Valuation allowance for deferred tax assets (in thousands): | |||
| Allowance as of beginning of year | $19,368 | $9,906 | $8,337 |
| Additions charged to costs and operating expenses | — | 586 | 75 |
| Additions charged to other accounts | — | 8,876 | 1,494 |
| Deductions (a) | (14,277) | — | — |
| Allowance as of end of year | $5,091 | $19,368 | $9,906 |
| (a) 2025 activity primarily includes reduction of the initial valuation allowance established from the Kellstrom Aerospace acquisition. | |||
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