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.

Price · VISN

1Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.93B	$4.21B	$5.79B	$9.23B	$8.59B	$8.44B
Cost of Revenue	$975.70M	$2.63B	$3.64B	$6.42B	$5.90B	$5.69B
Gross Profit	$955.90M	$1.58B	$2.15B	$2.80B	$2.68B	$2.75B
R&D	$283.50M	$316.20M	$459.70M	$657.40M	$683.20M	$703.30M
SG&A	$497.40M	$755.50M	$873.30M	$1.14B	$1.23B	$1.17B
Total Operating Expenses	$943.80M	$1.34B	$2.26B	$3.52B	$2.64B	$2.80B
D&A	$21.20M	$82.90M	$111.80M	$127.20M	$136.70M	$158.30M
Operating Income	$47.60M	$256.50M	($112.90M)	($713.80M)	$48.60M	($51.80M)
Interest Expense	-	$686.90M	$675.80M	$588.90M	$561.20M	$577.80M
Income Tax	($269.40M)	$51.70M	$133.40M	($13.10M)	($71.90M)	($81.10M)
Net Income	$2.28B	($315.50M)	($1.45B)	($1.29B)	($462.60M)	($573.40M)
EPS - Basic	$10.09	($1.78)	($7.17)	($6.49)	($2.55)	($3.20)
EPS - Diluted	$9.63	($1.78)	($7.17)	($6.49)	($2.55)	($3.20)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$754.40M	$564.90M	$543.80M	$398.10M	$360.30M	$521.90M
Accounts Receivable	$350.40M	$685.90M	$815.20M	$1.52B	$1.53B	$1.49B
Inventory	$310.40M	$736.80M	$1.08B	$1.59B	$1.44B	$1.09B
Accounts Payable	$213.30M	$370.70M	$435.90M	$1.03B	$1.16B	$1.01B
Current Assets	$5.80B	$3.48B	$2.86B	$3.73B	$3.58B	$3.35B
Total Assets	$9.37B	$8.75B	$9.37B	$11.69B	$13.26B	$13.58B
Current Liabilities	$1.50B	$1.23B	$1.41B	$2.11B	$2.18B	$1.95B
Long-term Debt	$7.26B	$9.24B	$9.25B	$9.47B	$9.48B	$9.49B
Total Liabilities	$9.10B	$10.98B	$11.18B	$12.13B	$12.36B	$12.18B
Stockholders' Equity	($1.00B)	($3.46B)	($2.97B)	($1.55B)	($156.60M)	$355.00M
Retained Earnings	($3.04B)	($5.32B)	($4.95B)	($3.50B)	($2.22B)	($1.75B)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$322.90M	$273.10M	$289.90M	$190.00M	$122.30M	$436.20M
Investing Cash Flow	$1.98B	($57.20M)	$38.30M	($82.10M)	($136.80M)	($120.20M)
Financing Cash Flow	($2.05B)	($83.00M)	($181.70M)	($65.00M)	($139.50M)	($383.80M)
CapEx	$70.30M	$25.30M	$53.30M	$101.30M	$131.40M	$121.20M
Free Cash Flow	$252.60M	$247.80M	$236.60M	$88.70M	($9.10M)	$315.00M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	49.5%	37.5%	37.1%	30.4%	31.3%	32.6%
Operating margin	2.5%	6.1%	-2.0%	-7.7%	0.6%	-0.6%
EBITDA margin	3.6%	8.1%	-0.0%	-6.4%	2.2%	1.3%
Net margin	118.2%	-7.5%	-25.1%	-13.9%	-5.4%	-6.8%
Free cash flow margin	13.1%	5.9%	4.1%	1.0%	-0.1%	3.7%
FCF / Net income	0.11	-0.79	-0.16	-0.07	0.02	-0.55
R&D / Revenue	14.7%	7.5%	7.9%	7.1%	8.0%	8.3%
SG&A / Revenue	25.8%	18.0%	15.1%	12.3%	14.4%	13.9%
Effective tax rate	-13.4%	-	-	-	-	-
Return on assets	24.4%	-3.6%	-15.5%	-11.0%	-3.5%	-4.2%
Return on equity	-227.4%	9.1%	48.9%	83.2%	295.4%	-161.5%
Return on invested capital	0.8%	3.5%	-1.4%	-7.1%	0.4%	-0.4%
Liquidity
Current ratio	3.88	2.83	2.03	1.77	1.64	1.72
Quick ratio	3.67	2.23	1.27	1.01	0.98	1.16
Cash ratio	0.50	0.46	0.39	0.19	0.17	0.27
Leverage
Debt / Equity	-7.23	-2.67	-3.11	-6.13	-60.53	26.73
Debt / Assets	0.77	1.06	0.99	0.81	0.71	0.70
Debt / EBITDA	105.53	27.22	-	-	51.15	89.09
Interest coverage	-	0.4x	-0.2x	-1.2x	0.1x	-0.1x
Equity multiplier	-9.33	-2.53	-3.16	-7.56	-84.67	38.24
Liabilities / Assets	0.97	1.25	1.19	1.04	0.93	0.90
Efficiency
Asset turnover	0.21	0.48	0.62	0.79	0.65	0.62
Inventory turnover	3.14	3.57	3.37	4.05	4.11	5.22
Days sales outstanding	66d	60d	51d	60d	65d	64d
Days inventory outstanding	116d	102d	108d	90d	89d	70d
Days payable outstanding	80d	51d	44d	58d	72d	65d
Cash conversion cycle	103d	110d	116d	92d	82d	69d
Valuation
P / E	1.9x	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	2.2x	0.3x	-	-	-	-
EV / EBITDA	155.2x	28.8x	-	-	-	-
Growth
Revenue growth (YoY)	-54.1%	-27.4%	-37.3%	7.5%	1.8%	1.1%
Revenue CAGR (3y)	-40.6%	-21.2%	-11.8%	3.4%	20.4%	22.8%
Revenue CAGR (5y)	-25.5%	-12.8%	3.3%	15.1%	11.8%	17.2%
Gross profit growth (YoY)	-39.4%	-26.6%	-23.4%	4.5%	-2.3%	61.1%
Operating income growth (YoY)	-81.4%	-	84.2%	-	-	89.8%
Net income growth (YoY)	-	78.3%	-12.7%	-178.2%	19.3%	38.3%
EPS growth (YoY)	-	75.2%	-10.5%	-154.5%	20.3%	36.3%
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	1.9%	4.7%	166.7%	-	-	-36.0%
FCF CAGR (5y)	-4.3%	-12.8%	-15.8%	-29.7%	-	5.1%
Book value growth (YoY)	70.9%	-16.4%	-92.0%	-887.2%	-	-57.6%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.94B total

Aurora$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 total

US$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%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

0.23

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✗Cash flow > net income
✓Long-term debt decreased
✓Current ratio improved
✗No share dilution
✓Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Radio & Tv Broadcasting & Communications Equipment

Company	Revenue (last FY)	Net margin	ROE
MSI	$11.68B	18.4%	89.4%
QCOM	$44.28B	12.5%	26.1%
HLIT	$360.52M	-12.0%	-11.3%
CMTL	-	-	-
AIRG	$51.78M	-12.4%	-22.7%

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