VERISIGN INC/CA VRSN
We are a global provider of critical internet infrastructure and domain name registry services, enabling internet navigation for many of the world's most recognized domain names. We help enable the security, stability, and resiliency of the Domain Name System ("DNS") and the internet by providing Root Zone Maintainer services, operating two of the thirteen global internet root servers, and providing registration services and authoritative resolution for the .com and .net top-level domains ("TLDs"), which support the majority of global e-commerce.
We were incorporated in Delaware on April 12, 1995. Our principal executive offices are located at 12061 Bluemont Way, Reston, Virginia 20190. Our telephone number at that address is (703) 948-3200. Our common stock is traded on the Nasdaq Global Select Market under the ticker symbol VRSN. VERISIGN, the VERISIGN logo, and certain other product or service names are registered or unregistered trademarks in the U.S. and other countries. Other names used in this Form 10-K may be trademarks of their respective owners. Our primary website is https://www.verisign.com. The information available on, or accessible through, this website is not incorporated in this Form 10-K by reference.
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 | $1.66B | $1.56B | $1.49B | $1.42B | $1.33B | $1.27B | $1.23B | $1.21B | $1.17B | $1.14B |
| Cost of revenue | $196.3M | $191.4M | $197.3M | $200.7M | $191.9M | $180.2M | $180.5M | $192.1M | $193.3M | $198.2M |
| Gross profit | $1.46B | $1.37B | $1.30B | $1.22B | $1.14B | $1.08B | $1.05B | $1.02B | $971.8M | $943.9M |
| R&D | $103.6M | $96.7M | $91.0M | $85.7M | $80.5M | $74.7M | $60.8M | $57.9M | $52.3M | $59.1M |
| SG&A | $235.7M | $211.1M | $204.2M | $195.4M | $188.4M | $186.0M | $137.6M | $132.7M | $129.8M | $118.0M |
| Total operating expenses | $535.6M | $499.2M | $492.5M | $481.8M | $460.8M | $440.9M | $425.5M | $447.6M | $457.4M | $455.6M |
| Operating income | $1.12B | $1.06B | $1.00B | $943.1M | $866.8M | $824.2M | $806.1M | $767.4M | $707.7M | $686.6M |
| Interest expense | $77.0M | $75.3M | $75.3M | $75.3M | $83.3M | $90.2M | $90.6M | $114.8M | $136.3M | $115.6M |
| Pre-tax income | $1.07B | $1.02B | $976.5M | $880.2M | $782.2M | $750.2M | $758.8M | $729.5M | $599.0M | $581.2M |
| Income tax | $242.8M | $236.2M | $158.9M | $206.4M | $2.6M | $64.7M | $146.5M | $147.0M | $141.8M | $140.5M |
| Net income | $825.7M | $785.7M | $817.6M | $673.8M | $784.8M | $814.9M | $612.3M | $582.5M | $457.2M | $440.6M |
| EPS, basic | — | — | — | 6.24 | 7.01 | 7.08 | 5.17 | 5.13 | 4.56 | 4.12 |
| EPS, diluted | — | — | — | 6.24 | 7.00 | 7.07 | 5.15 | 4.75 | 3.68 | 3.42 |
| Shares, diluted (wtd. avg.) | $93.8M | $98.2M | $103.5M | $108.0M | $112.2M | $115.3M | $119.0M | $122.7M | $124.2M | $128.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $307.9M | $206.7M | $245.5M | $379.0M | $228.8M | $410.6M | $517.6M | $366.8M | $475.1M | $241.6M |
| Short-term investments | $272.6M | $393.2M | $686.3M | $606.8M | $982.3M | $765.7M | $709.9M | $912.3M | $1.95B | $1.57B |
| Receivables | $7.7M | $5.6M | $6.3M | $6.2M | $5.3M | $4.6M | $1.5M | $6.0M | $5.1M | $13.1M |
| Total current assets | $652.5M | $663.8M | $988.3M | $1.04B | $1.27B | $1.22B | $1.28B | $1.32B | $2.45B | $1.84B |
| Property, plant and equipment | $213.7M | $224.5M | $233.2M | $232.0M | $251.2M | $245.6M | $250.3M | $253.9M | $263.5M | $266.1M |
| Goodwill | $52.5M | $52.5M | $52.5M | $52.5M | $52.5M | $52.5M | $52.5M | $52.5M | $52.5M | $52.5M |
| Total assets | $1.33B | $1.41B | $1.75B | $1.73B | $1.98B | $1.77B | $1.85B | $1.91B | $2.94B | $2.33B |
| Accounts payable | $298.0M | $257.8M | $257.4M | $226.5M | $226.6M | $208.6M | $210.0M | $215.2M | $219.6M | $203.9M |
| Total current liabilities | $1.33B | $1.53B | $1.19B | $1.12B | $1.07B | $988.7M | $965.2M | $947.6M | $1.56B | $1.52B |
| Total liabilities | $3.48B | $3.36B | $3.33B | $3.30B | $3.24B | $3.16B | $3.34B | $3.30B | $4.20B | $3.54B |
| Retained earnings | -$11.78B | -$12.60B | -$13.39B | -$14.20B | -$14.88B | -$15.66B | -$16.48B | -$17.09B | -$17.69B | -$18.18B |
| Total equity | -$2.15B | -$1.96B | -$1.58B | -$1.56B | -$1.26B | -$1.39B | -$1.49B | -$1.39B | -$1.26B | -$1.20B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.09B | $902.6M | $853.8M | $831.1M | $807.2M | $730.2M | $753.9M | $697.8M | $702.8M | $693.0M |
| Stock-based compensation | $69.7M | $61.1M | $59.7M | $58.6M | $53.4M | $48.2M | $50.6M | $52.5M | $52.9M | $50.0M |
| Capital expenditure | $22.8M | $28.1M | $45.8M | $27.4M | $53.0M | $43.4M | $40.3M | $37.0M | $49.5M | $26.6M |
| Investing cash flow | $109.1M | $286.3M | -$97.4M | $355.7M | -$269.2M | -$72.3M | $167.2M | $1.07B | -$405.4M | -$42.7M |
| Financing cash flow | -$1.10B | -$1.22B | -$889.8M | -$1.04B | -$719.1M | -$764.9M | -$770.3M | -$1.88B | -$65.1M | -$648.8M |
| Dividends paid | $215.2M | $0 | $0 | — | — | — | — | — | — | — |
| Buybacks | $881.6M | $1.23B | $901.4M | $1.05B | $722.6M | $777.5M | $782.6M | $638.2M | $621.2M | $662.5M |
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 0001014473-26-000013.
Others in SIC 7371
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|---|---|---|---|---|
| CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | $29.53B | 13.7x | 7.0% |
| ZS | Zscaler, Inc. | $27.69B | — | 25.4% |
| EPAM | EPAM Systems, Inc. | $6.04B | 17.4x | 15.4% |
| RGTI | Rigetti Computing, Inc. | $5.07B | — | -34.3% |
| DOCS | Doximity, Inc. | $4.81B | 26.9x | 13.1% |
| IA | INNOVATIVE SOLUTIONS & SUPPORT INC | $331.5M | 21.0x | 78.6% |
| RDNW | RideNow Group, Inc. | $225.6M | — | -10.5% |
| CYCU | Cycurion, Inc. | $91.5M | — | -14.8% |