Vistance Networks, Inc. income statement
In fiscal 2025, Vistance Networks, Inc. reported revenue of $1.93bn, up 39.7% on the year before, operating income of $47.6m (a 2.5% margin) and net income of $2.28bn, or $9.63 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,322 | 3,480 | 3,830 | 3,808 | 4,924 | 4,561 | 4,569 | 8,345 | 8,436 | 6,737 | 5,789 | 1,864 | 1,383 | 1,932 | 2,936 |
| Cost of revenue | 2,261 | 2,279 | 2,432 | 2,462 | 2,894 | 2,855 | 2,935 | 5,941 | 5,688 | 4,298 | 3,803 | 964 | 778 | 976 | −20 |
| Gross profit | 1,061 | 1,201 | 1,397 | 1,346 | 2,029 | 1,706 | 1,633 | 2,404 | 2,748 | 2,440 | 1,986 | 900 | 605 | 956 | 825 |
| Research and development | 122 | 126 | 125 | 136 | 201 | 186 | 186 | 579 | 703 | 565 | 452 | 319 | 248 | 284 | 198 |
| Selling, general and administrative | 461 | 502 | 485 | 687 | 882 | 733 | 674 | 1,277 | 1,171 | 1,083 | 908 | 512 | 472 | 497 | 261 |
| Operating income | 238 | 330 | 577 | 182 | 568 | 472 | 450 | −509 | −52 | 197 | −935 | −660 | −292 | 48 | 31 |
| Interest expense | 189 | 209 | 179 | 235 | 278 | 257 | 242 | 577 | 578 | 561 | 589 | 676 | 687 | — | — |
| Income before tax | 37 | 76 | 317 | −62 | 273 | 210 | 171 | −1,074 | −655 | −389 | −1,521 | −573 | −273 | 55 | 72 |
| Income tax | 32 | 57 | 80 | 9 | 50 | 16 | 31 | −145 | −81 | −39 | −91 | 80 | −67 | −269 | −191 |
| Net income | 5 | 19 | 237 | −71 | 223 | 194 | 140 | −930 | −573 | −463 | −1,287 | −1,507 | −316 | 2,284 | 6,347 |
| Diluted EPS | $0.03 | $0.12 | $1.24 | −$0.37 | $1.13 | $0.98 | $0.72 | −$5.02 | −$3.20 | −$2.55 | −$6.49 | −$7.44 | −$1.78 | $9.63 | — |
| Diluted shares (average) | 156m | 164m | 191m | 190m | 196m | 197m | 195m | 194m | 197m | 204m | 207m | 211m | 214m | 230m | — |
| EBITDA | 501 | 586 | 837 | 485 | 967 | 850 | 808 | 262 | 772 | 983 | −239 | −98 | 79 | 325 | 139 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,082 | 415 | 388 | 324 | 1,630 | 515 | 472 | 320 |
| Cost of revenue | 647 | −1,130 | 191 | 176 | 962 | −1,426 | 238 | 207 |
| Gross profit | 169 | 177 | 198 | 148 | 244 | 234 | 234 | 113 |
| Research and development | 78 | 12 | 66 | 43 | 95 | 13 | 58 | 31 |
| Selling, general and administrative | 203 | −94 | 109 | 80 | 227 | −139 | 109 | 64 |
| Operating income | −59 | −48 | −16 | 8 | 19 | −3 | 24 | −9 |
| Interest expense | 168 | 184 | 174 | 0 | 155 | — | — | 1 |
| Income before tax | −70 | 81 | −16 | 8 | 150 | −121 | 47 | −3 |
| Income tax | 27 | −109 | −358 | 3 | 43 | −19 | −185 | −29 |
| Net income | −33 | 7 | 784 | 32 | 108 | 435 | 5,508 | 295 |
| Diluted EPS | −$0.23 | −$0.05 | $2.88 | $0.07 | $0.39 | $6.26 | $23.15 | $1.21 |
| EBITDA | −40 | 35 | 62 | 13 | 36 | 46 | 63 | −6 |
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