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

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis (in thousands):


			As of December 31,
Description	Financial Statement Classification	Fair Value Hierarchy	2025		2024
Non-COLI assets held in Deferred Supplemental Compensation Plan(a)	Other assets	Level 1	$	704	$	629
Interest rate swaps - current	Accrued expenses and other current liabilities	Level 2	$	553	$	—
Interest rate swaps - long-term	Other assets	Level 2	$	1,235	$	4,093
(a) Non-COLI assets held in the Company's deferred supplemental compensation plan consist of equity funds with fair value based on observable inputs such as quoted prices for identical assets in active markets and changes in fair value are recorded as selling, general and administrative expenses.

The following table presents the changes in the fair value of the earn-out receivable:


	Amount
Balance as of December 31, 2024	$	—
Sale date fair value of earn-out receivable	29,200
Subsequent fair value adjustments	(29,200)
Balance as of December 31, 2025	$	—