VTS (VTS) financial statements
VTS reported revenue of $274M in fiscal 2025, up 23.0% a year over 5 years.
Net income was $25M and the operating margin 6.3%, against -34.8% in 2020.
The diluted share count fell 91% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from VTS's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $97M | $168M | $282M | $234M | $242M | $274M |
| Selling, general and admin | $9M | $11M | $20M | $24M | $24M | $24M |
| Operating income | -$34M | $54M | $154M | $35M | $41M | $17M |
| Interest expense | $5M | $3M | $4M | $5M | $10M | $10M |
| Pre-tax income | — | $18M | $119M | $42M | $29M | $35M |
| Income tax | — | $0 | $0 | $62M | $8M | $10M |
| Net income | -$9M | $18M | $119M | -$20M | $21M | $25M |
| EPS (diluted) | -$0.02 | $0.04 | $0.26 | -$0.73 | $0.64 | $0.64 |
| Diluted shares | 439M | 439M | 439M | 30M | 33M | 40M |
| Operating margin | -34.8% | 32.1% | 54.6% | 14.9% | 16.9% | 6.3% |
| Net margin | -9.1% | 10.8% | 42.2% | -8.4% | 8.7% | 9.2% |
Balance sheet
Fiscal years, from VTS's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $3M | $10M | $552,000 | $3M | $1M |
| Receivables | — | $32M | $41M | $45M | $40M | $31M |
| Total current assets | — | $36M | $54M | $58M | $51M | $52M |
| Property, plant and equipment | — | $223,000 | $114,000 | $189,000 | $182,000 | $123,000 |
| Total assets | — | $614M | $660M | $766M | $811M | $893M |
| Total current liabilities | — | $32M | $37M | $60M | $100M | $51M |
| Total liabilities | — | $115M | $92M | $220M | $311M | $264M |
| Shareholders' equity | — | — | $564M | $546M | $500M | $629M |
| Net debt | -$2M | -$3M | -$10M | -$552,000 | -$3M | -$1M |
Cash flow
Fiscal years, from VTS's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $76M | $87M | $147M | $142M | $155M | $170M |
| Stock-based compensation | -$544,000 | $1M | -$11M | $32M | $8M | $10M |
| Dividends paid | — | $12M | $36M | $58M | $64M | $92M |
| Share buybacks (net) | — | $0 | $0 | -$248,000 | $0 | $0 |
| Dividends per share | — | $0.03 | $0.08 | $1.96 | $1.93 | $2.33 |
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What was VTS's revenue in 2025?
$274M in fiscal 2025, from its 10-K filing.
From VTS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.