VISN · Vistance Networks, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $471.80M | - | $1.63B | $1.39B | $1.11B | - | $1.08B | $1.39B | $1.17B | - |
| Cost of Revenue | $238.10M | - | $961.90M | $796.40M | $643.60M | - | $647.10M | $839.30M | $766.20M | - |
| Gross Profit | $233.70M | - | $667.80M | $591.70M | $468.60M | - | $435.10M | $547.60M | $402.20M | - |
| R&D | $58.20M | - | $95.30M | $90.90M | $83.90M | - | $78.00M | $91.60M | $104.40M | - |
| SG&A | $109.20M | - | $226.80M | $215.60M | $194.20M | - | $203.40M | $210.30M | $199.70M | - |
| Total Operating Expenses | $211.10M | - | $375.50M | $366.00M | $343.30M | - | $337.30M | $363.20M | $408.90M | - |
| D&A | $3.90M | - | $17.40M | $18.00M | $18.30M | - | $19.30M | $22.70M | $25.50M | - |
| Operating Income | $23.70M | - | $300.90M | $236.00M | $134.00M | - | $102.20M | $192.80M | $2.90M | - |
| Interest Expense | - | - | $154.60M | $156.10M | $173.70M | - | $168.00M | $167.50M | $167.70M | - |
| Income Tax | ($185.20M) | - | $42.60M | $41.40M | ($334.10M) | - | $26.70M | ($43.70M) | $99.80M | - |
| Net Income | $5.51B | - | $108.40M | $31.80M | $784.00M | - | ($33.00M) | $44.40M | ($359.20M) | - |
| EPS - Basic | $24.45 | - | $0.41 | $0.07 | $3.55 | - | ($0.23) | $0.13 | ($1.77) | - |
| EPS - Diluted | $23.15 | - | $0.39 | $0.06 | $2.88 | - | ($0.23) | $0.13 | ($1.77) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.51B | $754.40M | $705.30M | $571.10M | $493.30M | $564.90M | $392.10M | $345.90M | $357.20M | $543.80M |
| Accounts Receivable | $377.40M | $350.40M | $1.04B | $935.10M | $844.30M | $685.90M | $664.80M | $999.80M | $836.90M | $815.20M |
| Inventory | $336.90M | $310.40M | $798.40M | $822.80M | $765.70M | $736.80M | $843.50M | $1.04B | $1.04B | $1.08B |
| Accounts Payable | $164.60M | $213.30M | $592.50M | $531.20M | $467.50M | $370.70M | $381.70M | $494.80M | $454.60M | $435.90M |
| Current Assets | $3.32B | $5.80B | $2.80B | $2.52B | $2.30B | $3.48B | $3.42B | $2.57B | $2.41B | $2.86B |
| Total Assets | $5.44B | $9.37B | $7.94B | $7.74B | $7.51B | $8.75B | $8.81B | $8.82B | $8.65B | $9.37B |
| Current Liabilities | $498.60M | $1.50B | $1.24B | $1.16B | $1.05B | $1.23B | $2.45B | $2.47B | $1.05B | $1.41B |
| Long-term Debt | $0 | $7.26B | $7.25B | $7.25B | $7.24B | $9.24B | $7.97B | $7.97B | $9.24B | $9.25B |
| Total Liabilities | $848.50M | $9.10B | $9.01B | $8.92B | $8.81B | $10.98B | $10.92B | $10.95B | $10.81B | $11.18B |
| Stockholders' Equity | $4.59B | ($1.00B) | ($2.34B) | ($2.44B) | ($2.55B) | ($3.46B) | ($3.32B) | ($3.32B) | ($3.33B) | ($2.97B) |
| Retained Earnings | $2.45B | ($3.04B) | ($4.40B) | ($4.51B) | ($4.54B) | ($5.32B) | ($5.30B) | ($5.27B) | ($5.31B) | ($4.95B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($226.60M) | - | - | - | ($186.90M) | - | - | - | ($177.70M) | - |
| Investing Cash Flow | $10.54B | - | - | - | $2.02B | - | - | - | $2.60M | - |
| Financing Cash Flow | ($8.67B) | - | - | - | ($2.01B) | - | - | - | ($8.20M) | - |
| CapEx | $2.20M | - | - | - | $15.50M | - | - | - | $6.00M | - |
| Free Cash Flow | ($228.80M) | - | - | - | ($202.40M) | - | - | - | ($183.70M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 49.5% | - | 41.0% | 42.6% | 42.1% | - | 40.2% | 39.5% | 34.4% | - |
| Operating margin | 5.0% | - | 18.5% | 17.0% | 12.0% | - | 9.4% | 13.9% | 0.2% | - |
| EBITDA margin | 5.8% | - | 19.5% | 18.3% | 13.7% | - | 11.2% | 15.5% | 2.4% | - |
| Net margin | 1167.4% | - | 6.7% | 2.3% | 70.5% | - | -3.0% | 3.2% | -30.7% | - |
| Free cash flow margin | -48.5% | - | - | - | -18.2% | - | - | - | -15.7% | - |
| FCF / Net income | -0.04 | - | - | - | -0.26 | - | - | - | 0.51 | - |
| R&D / Revenue | 12.3% | - | 5.8% | 6.5% | 7.5% | - | 7.2% | 6.6% | 8.9% | - |
| SG&A / Revenue | 23.1% | - | 13.9% | 15.5% | 17.5% | - | 18.8% | 15.2% | 17.1% | - |
| Effective tax rate | -3.5% | - | 28.2% | 56.6% | -74.3% | - | - | -6242.9% | - | - |
| Return on assets | 101.2% | - | 1.4% | 0.4% | 10.4% | - | -0.4% | 0.5% | -4.2% | - |
| Return on equity | 119.9% | - | -4.6% | -1.3% | -30.8% | - | 1.0% | -1.3% | 10.8% | - |
| Return on invested capital | 0.5% | - | 4.4% | 2.5% | 2.9% | - | 1.7% | 4.1% | 0.0% | - |
| Liquidity | ||||||||||
| Current ratio | 6.67 | 3.88 | 2.25 | 2.18 | 2.19 | 2.83 | 1.40 | 1.04 | 2.30 | 2.03 |
| Quick ratio | 5.99 | 3.67 | 1.61 | 1.47 | 1.46 | 2.23 | 1.05 | 0.62 | 1.30 | 1.27 |
| Cash ratio | 5.03 | 0.50 | 0.57 | 0.49 | 0.47 | 0.46 | 0.16 | 0.14 | 0.34 | 0.39 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | -7.23 | -3.09 | -2.97 | -2.84 | -2.67 | -2.40 | -2.40 | -2.77 | -3.11 |
| Debt / Assets | 0.00 | 0.77 | 0.91 | 0.94 | 0.97 | 1.06 | 0.90 | 0.90 | 1.07 | 0.99 |
| Debt / EBITDA | 0.00 | - | 22.79 | 28.54 | 47.57 | - | 65.57 | 36.98 | 325.51 | - |
| Interest coverage | - | - | 1.9x | 1.5x | 0.8x | - | 0.6x | 1.2x | 0.0x | - |
| Equity multiplier | 1.18 | -9.33 | -3.39 | -3.17 | -2.95 | -2.53 | -2.65 | -2.66 | -2.60 | -3.16 |
| Liabilities / Assets | 0.16 | 0.97 | 1.13 | 1.15 | 1.17 | 1.25 | 1.24 | 1.24 | 1.25 | 1.19 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | - | 0.21 | 0.18 | 0.15 | - | 0.12 | 0.16 | 0.14 | - |
| Inventory turnover | 0.71 | - | 1.20 | 0.97 | 0.84 | - | 0.77 | 0.81 | 0.73 | - |
| Days sales outstanding | 292d | - | 233d | 246d | 277d | - | 224d | 263d | 261d | - |
| Days inventory outstanding | 516d | - | 303d | 377d | 434d | - | 476d | 453d | 497d | - |
| Days payable outstanding | 252d | - | 225d | 243d | 265d | - | 215d | 215d | 217d | - |
| Cash conversion cycle | 556d | - | 312d | 380d | 446d | - | 485d | 501d | 542d | - |
| Valuation | ||||||||||
| P / E | 0.8x | - | 39.7x | 138.0x | 1.8x | - | - | 9.5x | - | - |
| P / B | 0.9x | - | - | - | - | - | - | - | - | - |
| P / S | 9.2x | - | 2.6x | 1.4x | 1.3x | - | 1.2x | 0.2x | 0.2x | - |
| EV / EBITDA | 65.9x | - | 34.1x | 33.7x | 53.8x | - | 73.2x | 36.6x | 322.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -57.6% | - | 50.6% | 0.1% | -4.8% | - | -32.3% | -27.7% | -41.6% | - |
| Revenue CAGR (3y) | -38.2% | - | -11.9% | -15.5% | -20.7% | - | -19.9% | -14.1% | -17.4% | - |
| Revenue CAGR (5y) | -25.6% | - | -5.5% | -8.0% | -11.4% | - | -14.6% | -11.6% | 1.2% | - |
| Gross profit growth (YoY) | -50.1% | - | 53.5% | 8.1% | 16.5% | - | -20.3% | -11.3% | -41.9% | - |
| Operating income growth (YoY) | -82.3% | - | 194.4% | 22.4% | 4520.7% | - | - | 167.0% | -98.1% | - |
| Net income growth (YoY) | 602.6% | - | - | -28.4% | - | - | 96.0% | - | - | - |
| EPS growth (YoY) | 703.8% | - | - | -53.8% | - | - | 94.2% | - | -2850.0% | - |
| EPS CAGR (3y) | - | - | 113.6% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -13.0% | - | - | - | -10.2% | - | - | - | -203.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | 70.9% | 29.4% | 26.5% | 23.5% | -16.4% | -33.4% | -105.4% | -117.7% | -92.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.94B totalAurora$1.23B · 63.6%
Ruckus$698.90M · 36.1%
Own And Distributed Antenna Systems Business Unit Of Nics Segment$5.40M · 0.3%
Geographic
$698.90M totalUS$418.50M · 59.9%
EMEA$144.60M · 20.7%
Asia Pacific$99.00M · 14.2%
Caribbean And Latin America$23.60M · 3.4%
CA$13.20M · 1.9%
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing Vistance Networks against the 5 most active filers in the same SIC group.
Dividends
$10.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Apr 28, 2026 | $10.0000 |