VSE CORP (VSEC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 53.9% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
28M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

VSEC currently has 27.8M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 53.9% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 27.8M shares outstanding

28M 0
Jul 31, 2025

10-Q filing | 20.7M shares outstanding

21M 0
May 07, 2025

10-Q filing | 20.6M shares outstanding

21M 0
Mar 03, 2025

10-K filing | 20.6M shares outstanding

21M 0
Nov 06, 2024

10-Q filing | 18.5M shares outstanding

18M 0
Aug 01, 2024

10-Q filing | 17.2M shares outstanding

17M 0
May 09, 2024

10-Q filing | 15.9M shares outstanding

16M 200K
Mar 08, 2024

10-K filing | 15.8M shares outstanding

16M 370K
Nov 02, 2023

10-Q filing | 15.1M shares outstanding

15M 1.1M
Jul 27, 2023

10-Q filing | 15.4M shares outstanding

15M 770K
Jun 30, 2023

S-3 filing: This is an S-3 filing for a potential shelf offering of common stock, which may involve underwriters, dealers, or direct sales.

13M 3.2M
May 03, 2023

10-Q filing | 12.9M shares outstanding

13M 3.2M
Mar 10, 2023

10-K filing | 12.8M shares outstanding

13M 3.3M
Oct 27, 2022

10-Q filing | 12.8M shares outstanding

13M 3.3M
Jul 28, 2022

10-Q filing | 12.8M shares outstanding

13M 3.4M
Apr 29, 2022

10-Q filing | 12.8M shares outstanding

13M 3.3M
Mar 11, 2022

10-K filing | 12.6M shares outstanding

13M 3.5M
Oct 28, 2021

10-Q filing | 12.7M shares outstanding

13M 3.4M
Jul 30, 2021

10-Q filing | 12.7M shares outstanding

13M 3.4M
Apr 29, 2021

10-Q filing | 12.2M shares outstanding

12M 4M
Mar 05, 2021

10-K filing | 12.7M shares outstanding

13M 3.5M
Feb 18, 2021

8-K filing: VSE Corporation closed the partial exercise of an overallotment option on February 18, 2021, resulting in the issuance and sale of an additional 170,497 shares of common stock at $35.00 per share, with net proceeds to the company of approximately $5.6 million. This was part of a previously reported public offering. ($58.1M proceeds)

11M 5.1M
Feb 02, 2021

8-K filing: VSE Corporation completed a public offering of 1,428,600 shares of its common stock at a price of $35.00 per share on February 2, 2021.

11M 5.1M
Oct 29, 2020

10-Q filing | 11.0M shares outstanding

11M 5.1M
Aug 20, 2020

S-3 filing: VSE Corporation files an S-3 registration statement to register 5,100,000 shares of common stock for sale from time to time in one or more offerings.

11M 5.1M
Jul 31, 2020

10-Q filing | 11.0M shares outstanding

11M 0
May 01, 2020

10-Q filing | 11.0M shares outstanding

11M 0
Mar 09, 2020

10-K filing | 10.9M shares outstanding

11M 0
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