Versant Media Group, Inc. (VSNT) Balance Sheet

NASDAQ: VSNTAssets, liabilities, debt and equity over 3 years.

VSNT balance sheet, 2025

December 31, 2025 · U.S. dollars

$12.33B assets = $1.93B liabilities + $10.40B equity

Both columns are drawn to the same scale: what VSNT owns equals what it owes plus shareholders’ equity. Hover a block for its value.

VSNT financial health

Current ratio4.02

Comfortable · current assets cover current liabilities 4.02×

Debt / equity0.10

Low leverage · $0.10 of debt for each $1 of equity

Equity / assets83.5%

Equity-funded · of assets funded by shareholders

Cash / debt5.6%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles69.2%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

VSNT balance sheet trends, 2023–2025

Versant Media Group, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$13.10B2023	$12.33B2025	−3.0%/yr
Total liabilities	$1.42B2023	$1.93B2025	+16.5%/yr
Shareholders’ equity	$11.56B2023	$10.29B2025	−5.6%/yr
Cash & short-term investments	$23.0M2023	$55.0M2025	+54.6%/yr
Working capital	$808.0M2023	$1.88B2025	+$1.1B
Book value per share	$79.982023	$71.212025	−5.6%/yr
Current ratio	2.322023	4.022025	+1.71
Shares outstanding	144.5M2023	144.5M2025	0.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

VSNT assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

VSNT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

VSNT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

VSNT balance sheet

Versant Media Group, Inc. annual balance sheet
	2025	2024	2023
Assets
Cash & short-term investments	$55.0M	$8.0M	$23.0M
Cash & equivalents	$55.0M	$8.0M	$23.0M
Receivables	$1.15B	$1.25B	$1.35B
Inventory	$0	$0	$0
Other current assets	$1.30B	$65.0M	$53.0M
Total current assets	$2.50B	$1.32B	$1.42B
Property, plant & equipment (net)	$423.0M	$143.0M	$161.0M
Goodwill & intangible assets	$8.54B	$9.60B	$10.53B
Long-term investments	$214.0M	$254.0M	$254.0M
Other non-current assets	$659.0M	$734.0M	$734.0M
Total assets	$12.33B	$12.05B	$13.10B
Liabilities
Accounts payable	$151.0M	$102.0M	$105.0M
Deferred revenue	$163.0M	$135.0M	$116.0M
Total current liabilities	$622.0M	$590.0M	$614.0M
Long-term debt	$983.0M	$0	$0
Other long-term liabilities	$326.0M	$544.0M	$808.0M
Total liabilities	$1.93B	$1.13B	$1.42B
Shareholders' equity
Accumulated other comprehensive income	−$7.0M	−$8.0M	−$8.0M
Minority interest	$110.0M	$118.0M	$117.0M
Total shareholders' equity	$10.29B	$10.80B	$11.56B
Key figures
Total debt	$983.0M	—	—
Net cash (debt)	−$928.0M	—	—
Working capital	$1.88B	$728.0M	$808.0M
Tangible book value	$1.76B	$1.20B	$1.03B
Book value per share	$71.21	$74.71	$79.98
Shares outstanding	144.5M	144.5M	144.5M
Current ratio	4.02	2.23	2.32
Quick ratio	1.94	2.12	2.23
Debt / equity	0.10	—	—
Equity / assets	83.5%	89.6%	88.3%

Versant Media Group, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25
Assets
Cash & short-term investments	$1.48B	$1.19B	$55.0M	$56.0M	$500.0M
Cash & equivalents	$1.48B	$1.19B	$55.0M	$56.0M	$500.0M
Receivables	$1.33B	$1.19B	$1.15B	$1.19B	$1.26B
Inventory	$0	$0	$0	$0	$0
Other current assets	$133.0M	$264.0M	$1.30B	$49.0M	$92.0M
Total current assets	$2.94B	$2.65B	$2.50B	$1.30B	$1.86B
Property, plant & equipment (net)	$441.0M	$424.0M	$423.0M	$228.0M	$411.0M
Goodwill & intangible assets	$8.30B	$8.42B	$8.54B	$8.90B	$9.07B
Long-term investments	$248.0M	$241.0M	$0	$0	$254.0M
Other non-current assets	$811.0M	$771.0M	$873.0M	$881.0M	$693.0M
Total assets	$12.74B	$12.51B	$12.33B	$11.31B	$12.28B
Liabilities
Accounts payable	$268.0M	$283.0M	$151.0M	$98.0M	$89.0M
Short-term debt	$113.0M	$83.0M	—	—	—
Deferred revenue	$83.0M	$77.0M	$163.0M	$174.0M	$166.0M
Total current liabilities	$1.23B	$1.14B	$622.0M	$596.0M	$643.0M
Long-term debt	$2.84B	$2.87B	$0	$0	$2.75B
Other long-term liabilities	$441.0M	$353.0M	$1.31B	$425.0M	$442.0M
Total liabilities	$4.52B	$4.36B	$1.93B	$1.02B	$3.83B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	—	—	—
Retained earnings (deficit)	$388.0M	$231.0M	—	—	—
Accumulated other comprehensive income	$1.0M	−$4.0M	−$7.0M	$10.17B	−$5.0M
Minority interest	$111.0M	$110.0M	—	—	$120.0M
Total shareholders' equity	$8.11B	$8.03B	$10.29B	$10.17B	$8.33B
Key figures
Total debt	$2.95B	$2.95B	$983.0M	—	$2.75B
Net cash (debt)	−$1.48B	−$1.76B	−$928.0M	—	−$2.25B
Working capital	$1.70B	$1.51B	$1.88B	$703.0M	$1.21B
Tangible book value	−$189.0M	−$386.0M	$1.76B	$1.27B	−$740.0M
Book value per share	$57.14	$56.02	$71.21	$70.37	$57.62
Shares outstanding	142.0M	143.4M	144.5M	144.5M	144.5M
Current ratio	2.38	2.32	4.02	2.18	2.89
Quick ratio	2.27	2.09	1.94	2.10	2.74
Debt / equity	0.36	0.37	0.10	—	0.33
Equity / assets	63.7%	64.2%	83.5%	89.9%	67.8%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 3, 2026); data from EODHD.

VSNT financial position

At the end of fiscal 2025 (December 31, 2025), Versant Media had total assets of $12.3 billion (up 2.4% from a year earlier), total liabilities of $1.9 billion and shareholders' equity of $10.3 billion. It held $55.0 million in cash and short-term investments against $983.0 million of debt, net debt of $928.0 million. Its current ratio was 4.02. In the latest quarter (ended June 30, 2026) total assets were $12.7 billion and equity $8.1 billion.

Related: VSNT income statement, VSNT cash flow statement, VSNT key metrics. See the VSNT stock overview for the latest quote and news.

VSNT balance sheet FAQ

What are Versant Media's total assets?

Versant Media reported total assets of $12.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $12.0 billion a year earlier.

How much debt does Versant Media have?

Versant Media had $983.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.10.

How much cash does Versant Media have?

Versant Media held $55.0 million in cash and short-term investments at the end of fiscal 2025; with $983.0 million of debt that is net debt of $928.0 million.

What is Versant Media's book value?

Versant Media's shareholders' equity (book value) was $10.3 billion at the end of fiscal 2025, or $71.21 per share.

What is Versant Media's current ratio?

Versant Media had current assets of $2.5 billion and current liabilities of $622.0 million, a current ratio of 4.02 (it can cover its short-term obligations).

How much goodwill does Versant Media have?

Versant Media carried $8.5 billion of goodwill and intangible assets, 69.2% of total assets, at the end of fiscal 2025.