Vistance Networks, Inc. VISN
Vistance Networks, Inc. was incorporated in Delaware on October 22, 2010 as CommScope Holding Company, Inc., and our initial public offering for our common stock was on October 25, 2013. Effective January 14, 2026, we changed our legal name from CommScope Holding Company, Inc. to Vistance Networks, Inc. Since our founding as an independent company in 1976, we have played a significant role in many of the world's leading communication networks. Our evolution has been driven by technological innovation and strategies that expanded our product offerings and complemented our existing solutions. We are a global provider of infrastructure solutions that enable service providers, including cable, telephone and digital broadcast satellite operators and media programmers, to deliver media, voice, Internet Protocol (IP) data services and Wi-Fi to their subscribers and allow enterprises to experience constant wireless and wired connectivity across complex and varied networking environments. Our solutions are complemented by services including technical support, systems design and integration. We are a leader in digital video and IP television (IPTV) distribution systems, broadband access infrastructure platforms and equipment that delivers data and voice networks to homes. Our global leadership position is built upon innovative technology, broad solution offerings, high-quality and cost-effective customer solutions, and global manufacturing and distribution scale.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.93B | $1.38B | $1.86B | $5.79B | $6.74B | $8.44B | $8.35B | $4.57B | $4.56B | $4.92B |
| Cost of revenue | $975.7M | $777.5M | $963.5M | $3.80B | $4.30B | $5.69B | $5.94B | $2.94B | $2.86B | $2.89B |
| Gross profit | $955.9M | $605.1M | $900.3M | $1.99B | $2.44B | $2.75B | $2.40B | $1.63B | $1.71B | $2.03B |
| R&D | $283.5M | $247.5M | $318.8M | $451.6M | $565.0M | $703.3M | $578.5M | $185.7M | $185.6M | $201.3M |
| SG&A | $497.4M | $472.0M | $512.4M | $907.8M | $1.08B | $1.17B | $1.28B | $674.0M | $733.1M | $881.7M |
| Total operating expenses | $943.8M | $921.3M | $1.56B | $2.92B | $2.24B | $2.80B | $2.91B | $1.18B | $1.23B | $4.36B |
| Operating income | $47.6M | -$291.7M | -$659.6M | -$935.3M | $196.6M | -$51.8M | -$508.5M | $450.0M | $472.0M | $567.6M |
| Interest expense | — | $686.9M | $675.8M | $588.9M | $561.2M | $577.8M | $577.2M | $242.0M | $257.0M | $277.5M |
| Pre-tax income | $54.9M | -$272.9M | -$573.0M | -$1.52B | -$389.2M | -$654.5M | -$1.07B | $170.7M | $209.8M | $272.6M |
| Income tax | $269.4M | $66.9M | $79.8M | $91.3M | $39.2M | $81.1M | $144.5M | $30.5M | $16.0M | $49.7M |
| Net income | $2.28B | -$315.5M | -$1.51B | -$1.29B | -$462.6M | -$573.4M | -$929.5M | $140.2M | $193.8M | $222.8M |
| EPS, basic | 10.09 | -1.78 | -7.44 | -6.49 | -2.55 | -3.20 | -5.02 | 0.73 | 1.01 | 1.16 |
| EPS, diluted | 9.63 | -1.78 | -7.44 | -6.49 | -2.55 | -3.20 | -5.02 | 0.72 | 0.98 | 1.13 |
| Shares, diluted (wtd. avg.) | $230.0M | $214.4M | $210.9M | $207.4M | $203.6M | $196.8M | $193.7M | $195.3M | $196.8M | $196.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $754.4M | $404.1M | $543.8M | $398.1M | $360.3M | $521.9M | $598.2M | $458.2M | $454.0M | $428.2M |
| Receivables | $350.4M | $252.2M | $581.9M | $1.18B | $1.53B | $1.49B | $1.70B | $810.4M | $898.8M | $952.4M |
| Inventory | $310.4M | $403.0M | $900.8M | $1.38B | $1.44B | $1.09B | $975.9M | $473.3M | $444.9M | $473.3M |
| Total current assets | $5.80B | $3.48B | $2.83B | $3.73B | $3.58B | $3.35B | $3.51B | $1.88B | $1.94B | $1.99B |
| Property, plant and equipment | $58.6M | $82.2M | $433.3M | $601.0M | $656.3M | $684.5M | $723.8M | $450.9M | $467.3M | $475.0M |
| Goodwill | $764.6M | $759.6M | $757.3M | $3.46B | $5.23B | $5.29B | $5.47B | $2.85B | $2.89B | $2.77B |
| Other intangibles | $839.1M | $979.3M | $1.46B | $1.92B | $3.03B | $3.65B | $4.26B | $1.35B | $1.64B | $1.80B |
| Total assets | $9.37B | $8.75B | $9.33B | $11.69B | $13.26B | $13.58B | $14.43B | $6.63B | $7.04B | $7.14B |
| Accounts payable | $213.3M | $123.4M | $330.7M | $684.3M | $1.16B | $1.01B | $1.15B | $399.2M | $436.7M | $415.9M |
| Short-term debt | $0 | $0 | $32.0M | $32.0M | $32.0M | $32.0M | $32.0M | — | — | — |
| Total current liabilities | $1.50B | $1.23B | $1.41B | $2.11B | $2.18B | $1.95B | $2.04B | $690.6M | $723.7M | $857.8M |
| Long-term debt | $7.26B | $9.24B | $9.25B | $9.47B | $9.48B | $9.49B | $9.80B | $3.99B | $4.37B | $4.55B |
| Total liabilities | $9.10B | $10.98B | $11.20B | $12.13B | $12.36B | $12.18B | $12.60B | $4.87B | $5.39B | $5.75B |
| Retained earnings | -$3.04B | -$5.32B | -$5.01B | -$3.50B | -$2.22B | -$1.75B | -$1.18B | -$249.8M | -$396.0M | -$589.6M |
| Total equity | -$1.00B | -$3.46B | -$3.02B | -$1.55B | -$156.6M | $355.0M | $836.3M | $1.76B | $1.65B | $1.39B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $322.9M | $273.1M | $297.3M | $190.0M | $122.3M | $436.2M | $596.4M | $494.1M | $586.3M | $640.2M |
| Depreciation and amortisation | $277.0M | $370.5M | $561.2M | $696.1M | $786.3M | $823.3M | $770.9M | $357.5M | $378.0M | $399.1M |
| Stock-based compensation | $42.7M | $29.1M | $47.3M | $61.1M | $79.6M | $115.0M | $90.8M | $44.9M | $41.8M | $35.0M |
| Capital expenditure | $70.3M | $25.3M | $60.7M | $101.3M | $131.4M | $121.2M | $104.1M | $82.3M | $68.7M | $68.3M |
| Investing cash flow | $1.98B | -$57.2M | $30.9M | -$82.1M | -$136.8M | -$120.2M | -$5.15B | -$64.3M | -$166.2M | -$54.6M |
| Financing cash flow | -$2.05B | -$83.0M | -$181.7M | -$65.0M | -$139.5M | -$383.8M | $4.70B | -$409.6M | -$413.7M | -$708.4M |
| Buybacks | — | — | — | — | — | — | — | — | $175.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-072523.
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