Vistance Networks, Inc. (VISN) Income Statement
VISN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVISN revenue and net income
Where VISN's revenue goes
2025Each bar shows an amount and its share of revenue. VISN kept 73.2% of revenue as net income.
VISN profit margins
VISN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −54.1% | −36.4% | −25.5% | −6.6% |
| Gross profit | −39.0% | −27.6% | −17.3% | −5.4% |
| Operating income | −79.9% | −52.1% | −24.3% | −9.6% |
| Net income | — | — | — | — |
| EPS (diluted) | +241.0% | — | −2.9% | +2.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VISN quarterly EPS vs estimates
Vistance Networks beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.19).
VISN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.93B | $4.21B | $4.57B | $7.52B | $8.59B | $8.44B | $8.35B | $4.57B | $4.56B | $4.92B |
| Cost of revenue | $1.11B | $2.87B | $3.21B | $5.37B | $6.47B | $6.32B | $6.53B | $3.14B | $3.06B | $3.19B |
| Gross profit | $817.5M | $1.34B | $1.36B | $2.16B | $2.12B | $2.12B | $1.81B | $1.42B | $1.50B | $1.74B |
| Research & development | $283.5M | $316.2M | $383.1M | $543.6M | $683.2M | $703.3M | $578.5M | $185.7M | $185.6M | $200.7M |
| Sales, general & admin | $497.4M | $755.5M | $783.2M | $907.8M | $1.08B | — | — | — | — | — |
| Total operating expenses | $751.0M | $1.01B | $1.14B | $1.55B | $1.83B | $1.85B | $1.66B | $895.2M | $932.9M | $1.02B |
| Operating income | $66.5M | $331.1M | $220.5M | $606.3M | $293.1M | $268.2M | $150.6M | $528.5M | $563.9M | $718.5M |
| Interest income | $16.7M | $10.9M | $11.1M | $2.8M | $1.9M | — | — | — | — | — |
| Interest expense | — | $686.9M | $675.8M | $588.9M | $561.2M | $577.8M | $577.2M | $242.0M | $257.1M | $277.5M |
| Income before taxes | $54.9M | −$409.3M | −$998.4M | −$1.20B | −$534.5M | −$654.5M | −$1.07B | $170.7M | $209.7M | $272.6M |
| Income taxes | −$269.4M | $51.7M | $97.4M | −$15.0M | −$71.9M | −$81.1M | −$144.5M | $30.5M | $16.0M | $49.7M |
| Net income | $1.41B | −$287.6M | −$1.51B | −$1.29B | −$462.6M | −$573.4M | −$929.5M | $140.2M | $193.8M | $222.8M |
| EBITDA | $331.9M | $648.1M | $238.6M | $85.3M | $813.0M | $746.6M | $240.1M | $752.9M | $819.5M | $927.8M |
| EPS (diluted) | $1.33 | $0.39 | −$1.88 | −$4.22 | $1.39 | $1.54 | $2.15 | $2.27 | $1.94 | $2.31 |
| Gross margin | 42.3% | 31.8% | 29.8% | 28.6% | 24.7% | 25.1% | 21.7% | 31.2% | 32.8% | 35.3% |
| Operating margin | 3.4% | 7.9% | 4.8% | 8.1% | 3.4% | 3.2% | 1.8% | 11.6% | 12.4% | 14.6% |
| Net margin | 73.2% | −6.8% | −33.0% | −17.1% | −5.4% | −6.8% | −11.1% | 3.1% | 4.2% | 4.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $319.6M | $471.8M | $514.5M | $1.63B | $1.39B | $1.11B | $1.17B | $1.08B | $1.05B | $900.9M | $923.1M | $1.05B |
| Cost of revenue | $206.7M | $272.2M | $314.3M | $1.01B | $848.0M | $697.6M | $775.1M | $703.9M | $710.1M | $674.9M | $650.1M | $742.1M |
| Gross profit | $112.9M | $199.6M | $200.2M | $616.1M | $540.1M | $414.6M | $394.0M | $378.3M | $343.5M | $226.0M | $273.0M | $311.3M |
| Research & development | $30.8M | $58.2M | $70.6M | $95.3M | $90.9M | $83.9M | $81.0M | $78.0M | $72.6M | $84.6M | $85.2M | $85.4M |
| Sales, general & admin | $64.1M | $109.2M | $139.2M | $226.8M | $215.6M | $194.2M | $190.0M | $203.4M | — | — | — | — |
| Total operating expenses | $113.9M | $156.7M | $190.4M | $302.0M | $291.3M | $262.4M | $253.4M | $261.9M | $239.7M | $253.2M | $256.9M | $257.2M |
| Operating income | −$1.0M | $42.9M | $9.8M | $314.1M | $248.8M | $152.2M | $140.6M | $116.4M | $103.8M | −$27.2M | $16.1M | $54.1M |
| Interest income | $5.5M | $20.7M | $5.3M | $3.9M | $3.1M | $4.4M | $2.6M | $2.6M | — | — | — | — |
| Interest expense | $800,000 | — | — | $154.6M | $156.1M | $173.7M | $183.7M | $168.0M | $167.5M | $167.7M | $170.9M | $171.3M |
| Income before taxes | −$2.6M | $46.5M | $1.2M | $149.5M | $70.8M | −$44.4M | −$52.6M | −$70.0M | −$68.6M | −$215.7M | −$242.1M | −$568.3M |
| Income taxes | −$28.7M | −$185.2M | $51.5M | $42.6M | $41.4M | −$334.1M | $10.5M | $26.7M | −$12.4M | $27.2M | $171.8M | −$34.5M |
| Net income | $295.2M | −$1.50B | $1.36B | $108.6M | $32.4M | −$85.7M | $6.4M | −$27.5M | $44.4M | −$311.8M | −$581.1M | −$828.7M |
| EBITDA | $21.6M | $85.6M | $50.3M | $378.8M | $302.1M | $207.3M | $213.9M | $183.2M | $188.7M | $64.7M | $47.8M | −$258.3M |
| EPS (diluted) | $0.10 | $0.34 | $0.13 | $0.62 | $0.44 | $0.14 | $0.18 | −$0.05 | $0.34 | −$0.08 | −$2.55 | $0.13 |
| Gross margin | 35.3% | 42.3% | 38.9% | 37.8% | 38.9% | 37.3% | 33.7% | 35.0% | 32.6% | 25.1% | 29.6% | 29.6% |
| Operating margin | −0.3% | 9.1% | 1.9% | 19.3% | 17.9% | 13.7% | 12.0% | 10.8% | 9.9% | −3.0% | 1.7% | 5.1% |
| Net margin | 92.4% | −317.9% | 264.2% | 6.7% | 2.3% | −7.7% | 0.5% | −2.5% | 4.2% | −34.6% | −63.0% | −78.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VISN's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VISN financial results
In fiscal year 2025 (ended December 31, 2025), Vistance Networks reported revenue of $1.9 billion, down 54.1% from the year before. It had net income of $1.4 billion, a net profit margin of 73.2%. Diluted earnings per share came to $1.33. Over five years revenue grew at an average rate of −25.5% a year.
See the VISN stock overview for the latest quote and news, or the VISN chart for price history and technical indicators.
VISN income statement FAQ
What is Vistance Networks's annual revenue?
Vistance Networks reported total revenue of $1.9 billion for fiscal year 2025, which ended on December 31, 2025. That was down 54.1% from $4.2 billion the previous year.
Is Vistance Networks profitable?
Yes. Vistance Networks reported net income of $1.4 billion in fiscal 2025, a net profit margin of 73.2%; its operating margin was 3.4%.
What is Vistance Networks's gross margin?
Vistance Networks's gross margin was 42.3% in fiscal 2025: for every $100 of revenue, Vistance Networks kept $42 after the direct cost of its products and services.
How much does Vistance Networks spend on research and development?
Vistance Networks spent $283.5 million on research and development in fiscal 2025, 14.7% of revenue.
How fast is Vistance Networks growing?
Revenue grew −25.5% a year on average over the last five fiscal years, from $8.4 billion to $1.9 billion.
What are Vistance Networks's earnings per share?
Vistance Networks earned $1.33 per diluted share in fiscal 2025, compared with $0.39 a year earlier.
When will Vistance Networks report its next earnings?
Vistance Networks is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Vistance Networks's fiscal year end?
Vistance Networks's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.