Versant Media (VSNT) financial statements
Versant Media reported revenue of $6.7B in fiscal 2025, down 5.2% a year over 2 years.
Net income was $930M and the operating margin 19.0%, against 27.8% in 2023.
Free cash flow was $1.9B.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Versant Media's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $7.4B | $7.1B | $6.7B |
| Cost of revenue | $3.2B | $3.1B | $2.9B |
| Gross profit | $4.3B | $4.0B | $3.8B |
| Selling, general and admin | $1.2B | $1.2B | $1.5B |
| Operating income | $2.1B | $1.8B | $1.3B |
| Interest expense | $0 | $0 | $13M |
| Pre-tax income | $2.1B | $1.8B | $1.2B |
| Income tax | $530M | $478M | $297M |
| Net income | $1.5B | $1.4B | $930M |
| Gross margin | 57.6% | 56.6% | 56.1% |
| Operating margin | 27.8% | 26.1% | 19.0% |
| Net margin | 20.7% | 19.3% | 13.9% |
Balance sheet
Fiscal years, from Versant Media's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $23M | $8M | $55M |
| Receivables | — | $1.2B | $1.2B |
| Total current assets | — | $1.3B | $2.5B |
| Property, plant and equipment | — | $143M | $423M |
| Goodwill | $7.7B | $7.7B | $7.6B |
| Total assets | — | $12.0B | $12.3B |
| Total current liabilities | — | $590M | $622M |
| Long-term debt | — | $0 | $983M |
| Total liabilities | — | $1.1B | $1.9B |
| Shareholders' equity | $11.7B | $10.8B | $10.3B |
| Net debt | -$23M | -$8M | $928M |
Cash flow
Fiscal years, from Versant Media's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $2.4B | $2.2B | $2.0B |
| Capital spending | $56M | $54M | $167M |
| Free cash flow | $2.4B | $2.2B | $1.9B |
| Stock-based compensation | $15M | $16M | $29M |
| Net borrowing | $0 | $0 | $986M |
| Free cash flow margin | 31.9% | 30.5% | 27.7% |
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Open VSNT in InvestinglyQuestions
What was Versant Media's revenue in 2025?
$6.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does Versant Media generate?
$1.9B in fiscal 2025 (operating cash flow minus capital spending).
From Versant Media's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.