VSE Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2025


	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.