VSE Corp Q3 revenue up 38.9% to $282.9 million; GAAP EPS falls 63.8%, guidance raised
VSE Corporation reported third-quarter 2025 revenue of $282.9 million, up 38.9% from a year earlier, while GAAP net income fell 58.9% to $3.6 million, partly due to a $23.3 million earn-out receivable fair value adjustment. The company raised its full-year 2025 revenue growth and Aviation Adjusted EBITDA margin guidance and said it signed a definitive agreement to acquire Aero 3.
Key points
- Q3 2025 revenue of $282.9 million, up 38.9%; GAAP diluted EPS of $0.17, down 63.8%
- Adjusted diluted EPS of $0.99, up 86.8%; Adjusted EBITDA of $47.4 million, up 58.4%
- Full-year 2025 revenue growth guidance raised to 38% to 40%, from 35% to 40%; Aviation Adjusted EBITDA margin guidance raised to 17.0% to 17.25%, from 16.5% to 17%
- Definitive agreement to acquire GenNx/AeroRepair IntermediateCo Inc., parent of Aero 3; the filing does not state a purchase price
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 27, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.