Risk factors
Vse (VSEC) risk factors
Item 1A of every Vse Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors28 risks9 new3 dropped19 reworded
Acquisition activity, particularly the PAG acquisition, dominates new risks with concerns over debt, integration, and unknown liabilities. Customer concentration is newly highlighted with a single group providing 20% of revenue. Tariffs and trade policies are added as new supply chain threats.
Filed Feb 27, 2026 - FY2024 10-K risk factors22 risks
VSE Corp faces heavy reliance on the aviation aftermarket and specific customer concentration like the USPS managed inventory program. The company carries significant debt totaling $430 million and is exposed to macroeconomic, supply chain, and regulatory risks.
Filed Mar 03, 2025