GSE Systems (GVP) Revenue & Revenue Breakdown
GSE Systems Revenue Highlights
Latest Revenue (Y)
$45.04M
Latest Revenue (Q)
$11.72M
Main Segment (Y)
Engineering Segment
Main Geography (Y)
United States
GSE Systems Revenue by Period
GSE Systems Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $45.04M | -5.64% |
| 2022-12-31 | $47.73M | -13.50% |
| 2021-12-31 | $55.18M | -4.23% |
| 2020-12-31 | $57.62M | -30.56% |
| 2019-12-31 | $82.97M | -10.05% |
| 2018-12-31 | $92.25M | 30.15% |
| 2017-12-31 | $70.88M | 33.48% |
| 2016-12-31 | $53.10M | -6.52% |
| 2015-12-31 | $56.80M | 49.76% |
| 2014-12-31 | $37.93M | -20.25% |
| 2013-12-31 | $47.56M | -8.97% |
| 2012-12-31 | $52.25M | 2.19% |
| 2011-12-31 | $51.13M | 8.29% |
| 2010-12-31 | $47.21M | 17.86% |
| 2009-12-31 | $40.06M | 38.12% |
| 2008-12-31 | $29.00M | -9.08% |
| 2007-12-31 | $31.90M | 15.99% |
| 2006-12-31 | $27.50M | 25.29% |
| 2005-12-31 | $21.95M | -25.63% |
| 2004-12-31 | $29.51M | 17.97% |
| 2003-12-31 | $25.02M | -41.97% |
| 2002-12-31 | $43.12M | -14.34% |
| 2001-12-31 | $50.33M | -9.66% |
| 2000-12-31 | $55.72M | -16.47% |
| 1999-12-31 | $66.70M | -9.62% |
| 1998-12-31 | $73.80M | -7.40% |
| 1997-12-31 | $79.70M | -16.98% |
| 1996-12-31 | $96.00M | 12.54% |
| 1995-12-31 | $85.30M | - |
GSE Systems generated $45.04M in revenue during NA 2023, up -5.64% compared to the previous quarter, and up 48.83% compared to the same period a year ago.
GSE Systems Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $11.72M | 3.92% |
| 2024-03-31 | $11.28M | 10.46% |
| 2023-12-31 | $10.21M | -11.68% |
| 2023-09-30 | $11.57M | -6.63% |
| 2023-06-30 | $12.39M | 13.92% |
| 2023-03-31 | $10.87M | 0.53% |
| 2022-12-31 | $10.82M | -9.09% |
| 2022-09-30 | $11.90M | -6.65% |
| 2022-06-30 | $12.74M | 3.83% |
| 2022-03-31 | $12.28M | -11.51% |
| 2021-12-31 | $13.87M | -5.55% |
| 2021-09-30 | $14.69M | 8.61% |
| 2021-06-30 | $13.52M | 3.19% |
| 2021-03-31 | $13.10M | 3.56% |
| 2020-12-31 | $12.65M | -2.08% |
| 2020-09-30 | $12.92M | -9.89% |
| 2020-06-30 | $14.34M | -19.01% |
| 2020-03-31 | $17.70M | 2.39% |
| 2019-12-31 | $17.29M | -13.67% |
| 2019-09-30 | $20.03M | -14.61% |
| 2019-06-30 | $23.46M | 5.70% |
| 2019-03-31 | $22.19M | -2.89% |
| 2018-12-31 | $22.86M | 4.83% |
| 2018-09-30 | $21.80M | -11.73% |
| 2018-06-30 | $24.70M | 7.88% |
| 2018-03-31 | $22.89M | 4.05% |
| 2017-12-31 | $22.00M | 42.80% |
| 2017-09-30 | $15.41M | -10.02% |
| 2017-06-30 | $17.13M | 4.79% |
| 2017-03-31 | $16.34M | 23.05% |
| 2016-12-31 | $13.28M | -7.95% |
| 2016-09-30 | $14.43M | 16.21% |
| 2016-06-30 | $12.41M | -4.32% |
| 2016-03-31 | $12.98M | -8.71% |
| 2015-12-31 | $14.21M | -4.99% |
| 2015-09-30 | $14.96M | 9.75% |
| 2015-06-30 | $13.63M | -2.60% |
| 2015-03-31 | $14.00M | 6.78% |
| 2014-12-31 | $13.11M | 67.54% |
| 2014-09-30 | $7.82M | -5.47% |
| 2014-06-30 | $8.28M | -5.14% |
| 2014-03-31 | $8.72M | -28.85% |
| 2013-12-31 | $12.26M | 3.19% |
| 2013-09-30 | $11.88M | 7.69% |
| 2013-06-30 | $11.03M | -10.89% |
| 2013-03-31 | $12.38M | -2.23% |
| 2012-12-31 | $12.66M | -2.64% |
| 2012-09-30 | $13.01M | -1.32% |
| 2012-06-30 | $13.18M | -1.54% |
| 2012-03-31 | $13.39M | -10.73% |
| 2011-12-31 | $15.00M | 19.52% |
| 2011-09-30 | $12.55M | 11.48% |
| 2011-06-30 | $11.26M | -8.64% |
| 2011-03-31 | $12.32M | -0.04% |
| 2010-12-31 | $12.33M | 3.55% |
| 2010-09-30 | $11.90M | 1.11% |
| 2010-06-30 | $11.77M | 5.04% |
| 2010-03-31 | $11.21M | 1.29% |
| 2009-12-31 | $11.06M | 8.30% |
| 2009-09-30 | $10.22M | -4.07% |
| 2009-06-30 | $10.65M | 31.03% |
| 2009-03-31 | $8.13M | -2.83% |
| 2008-12-31 | $8.37M | 19.48% |
| 2008-09-30 | $7.00M | 6.80% |
| 2008-06-30 | $6.55M | -7.45% |
| 2008-03-31 | $7.08M | -12.89% |
| 2007-12-31 | $8.13M | - |
GSE Systems generated $11.72M in revenue during Q2 2024, up 3.92% compared to the previous quarter, and up 107.84% compared to the same period a year ago.
GSE Systems Revenue Breakdown
GSE Systems Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Engineering Segment | $20.83M | - | - | - | - |
| Workforce Solutions | $13.25M | $17.82M | $27.04M | - | - |
| Engineering | - | $29.92M | - | - | - |
| Performance Improvement Solutions | - | - | $28.14M | $32.79M | $23.32M |
| Nuclear Industry Training and Consulting | - | - | - | $24.83M | $37.20M |
GSE Systems's latest annual revenue breakdown by segment (product or service), as of Dec 23: Engineering Segment (61.12%), and Workforce Solutions (38.88%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Workforce Solutions | $2.39M | $2.55M | $6.41M | $2.91M | $3.93M | $3.30M | $3.85M | $4.79M | $5.88M | $7.05M | $7.31M | - | - | - | - | - | - | - | - | - |
| Engineering Segment | $6.14M | $5.74M | $14.74M | $6.09M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Engineering | - | - | - | - | $9.04M | $6.94M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Performance Improvement Solutions | - | - | - | - | - | - | - | $8.05M | $7.95M | $6.40M | $6.82M | $7.38M | $6.86M | $7.08M | $4.59M | $3.84M | $4.30M | $4.99M | $5.34M | $6.20M |
| Nuclear Industry Training and Consulting | - | - | - | - | - | - | - | - | - | - | - | - | $6.66M | $6.02M | $5.10M | $5.67M | $6.07M | $7.99M | $8.13M | $8.61M |
GSE Systems's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Engineering Segment (71.95%), and Workforce Solutions (28.05%).
GSE Systems Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| United States | $44.04M | $46.62M | $54.59M | $57.09M | - |
| Asia | $1.00M | $1.11M | $1.07M | $1.02M | $1.50M |
| Europe | - | - | - | - | - |
| U.S | - | - | - | - | $82.22M |
| Sweden | - | - | - | - | - |
| UK | - | - | - | - | - |
GSE Systems's latest annual revenue breakdown by geography, as of Dec 23: United States (97.78%), and Asia (2.22%).
Quarterly Revenue by Country
| Country | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Workforce Solutions | $3.93M | $3.30M | $3.85M | $4.79M | $5.88M | $7.05M | $7.31M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Engineering | $6.94M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Performance Improvement Solutions | - | - | $8.05M | $7.95M | $6.40M | $6.82M | $7.38M | $6.86M | $7.08M | $4.59M | $3.84M | $4.30M | $4.99M | $5.34M | $6.20M | $6.78M | $5.00M | $5.41M | $4.15M | $3.02M |
| Nuclear Industry Training and Consulting | - | - | - | - | - | - | - | $6.66M | $6.02M | $5.10M | $5.67M | $6.07M | $7.99M | $8.13M | $8.61M | $10.45M | $10.00M | $10.52M | $11.95M | $13.83M |
GSE Systems's latest quarterly revenue breakdown by geography, as of Mar 23: Engineering (63.85%), and Workforce Solutions (36.15%).
GVP Revenue FAQ
What is GSE Systems’s yearly revenue?
GSE Systems's yearly revenue for 2023 was $45.04M, representing a decrease of -5.64% compared to 2022. The company's yearly revenue for 2022 was $47.73M, representing a decrease of -13.50% compared to 2021. GVP's yearly revenue for 2021 was $55.18M, representing a decrease of -4.23% compared to 2020.
What is GSE Systems’s quarterly revenue?
GSE Systems's quarterly revenue for Q2 2024 was $11.72M, a 3.92% increase from the previous quarter (Q1 2024), and a -5.34% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $11.28M, a 10.46% increase from the previous quarter (Q4 2023), and a 3.77% increase year-over-year (Q1 2023). GVP's quarterly revenue for Q4 2023 was $10.22M, a -11.68% decrease from the previous quarter (Q3 2023), and a -5.56% decrease year-over-year (Q4 2022).
What is GSE Systems’s revenue growth rate?
GSE Systems's revenue growth rate for the last 3 years (2021-2023) was -18.38%, and for the last 5 years (2019-2023) was -45.72%.
What are GSE Systems’s revenue streams?
GSE Systems's revenue streams in c 23 are Engineering Segment, and Workforce Solutions. Engineering Segment generated $20.83M in revenue, accounting 61.12% of the company's total revenue Workforce Solutions generated $13.25M in revenue, accounting 38.88% of the company's total revenue, down -25.62% year-over-year.
What is GSE Systems’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of GSE Systems was Engineering Segment. This segment made a revenue of $20.83M, representing 61.12% of the company's total revenue.