Verisign Inc/Ca
VRSN · NasdaqServices-Computer Programming Services · Fiscal year ends Dec 31
Verisign Inc/Ca reported revenue of $1.7B in the fiscal year ended Dec 2025, up 6.4% from the year before. Operating income was $1.1B, an operating margin of 67.7%, and net income was $826M. Operating cash flow of $1.1B less capital expenditure of $23M left free cash flow of $1.1B. Net debt was $1.5B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.5B | $1.6B | $1.7B |
| Cost of revenue | $192M | $201M | $197M | $191M | $196M |
| Gross profit | $1.1B | $1.2B | $1.3B | $1.4B | $1.5B |
| Research & development | $81M | $86M | $91M | $97M | $104M |
| Selling, general & admin | $188M | $195M | $204M | $211M | $236M |
| Operating income | $867M | $943M | $1B | $1.1B | $1.1B |
| Interest expense | $83M | $75M | $75M | $75M | $77M |
| Pre-tax income | $782M | $880M | $977M | $1B | $1.1B |
| Income tax | −$3M | $206M | $159M | $236M | $243M |
| Net income | $785M | $674M | $818M | $786M | $826M |
| Diluted EPS | 7.00 | 6.24 | – | – | – |
| Diluted shares | 112M | 108M | 104M | 98M | 94M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $224M | $374M | $240M | $207M | $308M |
| Receivables | $5M | $6M | $6M | $6M | $8M |
| Current assets | $1.3B | $1B | $988M | $664M | $653M |
| Net PP&E | $251M | $232M | $233M | $225M | $214M |
| Goodwill | $53M | $53M | $53M | $53M | $53M |
| Total assets | $2B | $1.7B | $1.7B | $1.4B | $1.3B |
| Deferred revenue | $847M | $890M | $931M | $974M | $1B |
| Current liabilities | $1.1B | $1.1B | $1.2B | $1.5B | $1.3B |
| Long-term debt | $1.8B | $1.8B | $1.8B | $1.5B | $1.8B |
| Total liabilities | $3.2B | $3.3B | $3.3B | $3.4B | $3.5B |
| Shareholders' equity | −$1.3B | −$1.6B | −$1.6B | −$2B | −$2.2B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $807M | $831M | $854M | $903M | $1.1B |
| Capital expenditure | $53M | $27M | $46M | $28M | $23M |
| Free cash flow | $754M | $804M | $808M | $875M | $1.1B |
| Depreciation & amortisation | $48M | $47M | $44M | $37M | $31M |
| Stock-based compensation | $53M | $59M | $60M | $61M | $70M |
| Share buybacks | $723M | $1B | $901M | $1.2B | $882M |
| Dividends paid | – | – | $0 | $0 | $215M |
| Dividend per share | – | – | 0.00 | 0.00 | 2.31 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 7.3% | 4.8% | 4.3% | 6.4% |
| Operating income growth (YoY) | – | 8.8% | 6.1% | 5.8% | 5.9% |
| EPS growth (YoY) | – | −10.9% | – | – | – |
| Gross margin | 85.5% | 85.9% | 86.8% | 87.7% | 88.2% |
| Operating margin | 65.3% | 66.2% | 67.0% | 67.9% | 67.7% |
| Net margin | 59.1% | 47.3% | 54.8% | 50.4% | 49.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 95.3% | 153.0% | 178.5% | −849.3% | −15569.4% |
| Free cash flow margin | 56.8% | 56.4% | 54.1% | 56.2% | 64.5% |
| Cash conversion (CFO ÷ net income) | 1.03x | 1.23x | 1.04x | 1.15x | 1.32x |
| Receivable days | 1 | 2 | 2 | 1 | 2 |
| Interest cover | 10.4x | 12.5x | 13.3x | 14.1x | 14.6x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $1.6B | $1.4B | $1.6B | $1.3B | $1.5B |
| Current ratio | 1.18x | 0.93x | 0.83x | 0.43x | 0.49x |
Recent filings
More in Services-Computer Programming Services
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.