GSE Systems (GVP) Revenue & Revenue Breakdown

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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.