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VRSNVerisign

Technology · IT Services · Nasdaq

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. 10-K, Item 1

VRSN quote by TradingView
Headquarters
Reston, VA
CEO
D. James Bidzos
Next results
around Feb 4, 2027
Compare with peers → Embed
All key numbers (36, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)-Sales (ttm)1.7BNet income (ttm)849.8MSales growth+6.4%EPS growth-Sales Q/Q+5.7%
Free cash flow1.0BGross margin88.6%Oper. margin67.6%Net margin49.1%FCF margin59.1%ROEn/m
ROA66.4%R&D / sales6.3%Dividend2.31Debt/Eqn/mCurr. ratio0.42Cash206.8M
Op. cash flow (ttm)1.1BEBITDA1.2BEBITDA margin69.6%Quick ratio0.42Interest cover14.56Tax rate22.7%
Stock pay / sales4.2%Shares out.89.7MShares Y/Y-4.5%Book / share-25.47Cash / share2.31Sales / share19.31
Asset turnover1.35Days sales out.2Sales 3Y CAGR+5.1%Sales 5Y CAGR+5.5%EPS 3Y CAGR+6.6%EPS 5Y CAGR+11.1%

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

VRSN against Technology peers

Ten years, side by side → · All 75 →
GrowthProfitBalanceCleanInsiders
VRSNPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth
+6.4%64th of 75 · median +14.1%
Net margin
49.1%6th of 75 · median 19.1%
Free cash flow margin
59.1%2nd of 71 · median 22.3%
VRSN and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
VRSN Verisign$1.7B +6.4%88.6%49.1%-59.1%-
MPWR Monolithic Power Systems$3.7B +26.4%55.3%23.9%23.9%16.3%-
FFIV F5, Inc.$3.3B +9.7%81.9%22.0%18.8%29.3%-
PTC PTC Inc.$3.0B +19.2%84.5%41.4%35.3%31.7%0.40
FICO Fair Isaac$2.5B +27.3%86.1%32.9%-42.2%-
TYL Tyler Technologies$2.5B +9.1%47.7%13.5%12.0%29.9%0.51

From $1.3B of sales to $784.8M of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $1.1BRevenue to Cost of revenue: $191.9MGross profit to Operating profit: $866.8MGross profit to Operating expenses: $268.9MOperating profit to Net profit: $784.8MOperating profit to Interest, tax, other: $82.0MOperating expenses to R&D: $80.5MOperating expenses to SG&A: $188.4M Revenue: $1.3B Revenue$1.3B +5% Y/Y Gross profit: $1.1B · 86% margin Gross profit$1.1B86% margin Cost of revenue: $191.9M · 14% of revenue Cost of revenue$191.9M14% of revenue Operating profit: $866.8M · 65% margin Operating profit$866.8M65% margin +5% Y/Y Operating expenses: $268.9M · 20% of revenue Operating expenses$268.9M20% of revenue Net profit: $784.8M · 59% margin Net profit$784.8M59% margin −4% Y/Y Interest, tax, other: $82.0M · 6% of revenue Interest, tax, other$82.0M6% of revenue R&D: $80.5M · 6% of revenue R&D$80.5M6% of revenue SG&A: $188.4M · 14% of revenue SG&A$188.4M14% of revenue

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From $1.4B of sales to $673.8M of profit

FY2022, from the 10-K income statement and revenue by region
U.S. to Revenue: $937.6MEMEA to Revenue: $226.0MAsia Pacific to Revenue: $167.7MOther to Revenue: $93.6MRevenue to Gross profit: $1.2BRevenue to Cost of revenue: $200.7MGross profit to Operating profit: $943.1MGross profit to Operating expenses: $281.1MOperating profit to Net profit: $673.8MOperating profit to Tax & other: $269.3MOperating expenses to R&D: $85.7MOperating expenses to SG&A: $195.4M U.S.: $937.6M · 66% U.S.$937.6M66% EMEA: $226.0M · 16% EMEA$226.0M16% Asia Pacific: $167.7M · 12% Asia Pacific$167.7M12% Other: $93.6M · 7% Other$93.6M7% Revenue: $1.4B Revenue$1.4B +7% Y/Y Gross profit: $1.2B · 86% margin Gross profit$1.2B86% margin Cost of revenue: $200.7M · 14% of revenue Cost of revenue$200.7M14% of revenue Operating profit: $943.1M · 66% margin Operating profit$943.1M66% margin +9% Y/Y Operating expenses: $281.1M · 20% of revenue Operating expenses$281.1M20% of revenue Net profit: $673.8M · 47% margin Net profit$673.8M47% margin −14% Y/Y Tax & other: $269.3M · 19% of revenue Tax & other$269.3M19% of revenue R&D: $85.7M · 6% of revenue R&D$85.7M6% of revenue SG&A: $195.4M · 14% of revenue SG&A$195.4M14% of revenue

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From $1.5B of sales to $817.6M of profit

FY2023, from the 10-K income statement and revenue by region
U.S. to Revenue: $994.7MEMEA to Revenue: $228.2MAsia Pacific to Revenue: $174.8MOther to Revenue: $95.4MRevenue to Gross profit: $1.3BRevenue to Cost of revenue: $197.3MGross profit to Operating profit: $1.0BGross profit to Operating expenses: $295.2MOperating profit to Net profit: $817.6MOperating profit to Tax & other: $183.0MOperating expenses to R&D: $91.0MOperating expenses to SG&A: $204.2M U.S.: $994.7M · 67% U.S.$994.7M67% EMEA: $228.2M · 15% EMEA$228.2M15% Asia Pacific: $174.8M · 12% Asia Pacific$174.8M12% Other: $95.4M · 6% Other$95.4M6% Revenue: $1.5B Revenue$1.5B +5% Y/Y Gross profit: $1.3B · 87% margin Gross profit$1.3B87% margin Cost of revenue: $197.3M · 13% of revenue Cost of revenue$197.3M13% of revenue Operating profit: $1.0B · 67% margin Operating profit$1.0B67% margin +6% Y/Y Operating expenses: $295.2M · 20% of revenue Operating expenses$295.2M20% of revenue Net profit: $817.6M · 55% margin Net profit$817.6M55% margin +21% Y/Y Tax & other: $183.0M · 12% of revenue Tax & other$183.0M12% of revenue R&D: $91.0M · 6% of revenue R&D$91.0M6% of revenue SG&A: $204.2M · 14% of revenue SG&A$204.2M14% of revenue

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From $1.6B of sales to $785.7M of profit

FY2024, from the 10-K income statement and revenue by region
U.S. to Revenue: $1.0BEMEA to Revenue: $249.6MAsia Pacific to Revenue: $175.7MOther to Revenue: $96.6MRevenue to Gross profit: $1.4BRevenue to Cost of revenue: $191.4MGross profit to Operating profit: $1.1BGross profit to Operating expenses: $307.8MOperating profit to Net profit: $785.7MOperating profit to Tax & other: $272.5MOperating expenses to R&D: $96.7MOperating expenses to SG&A: $211.1M U.S.: $1.0B · 66% U.S.$1.0B66% EMEA: $249.6M · 16% EMEA$249.6M16% Asia Pacific: $175.7M · 11% Asia Pacific$175.7M11% Other: $96.6M · 6% Other$96.6M6% Revenue: $1.6B Revenue$1.6B +4% Y/Y Gross profit: $1.4B · 88% margin Gross profit$1.4B88% margin Cost of revenue: $191.4M · 12% of revenue Cost of revenue$191.4M12% of revenue Operating profit: $1.1B · 68% margin Operating profit$1.1B68% margin +6% Y/Y Operating expenses: $307.8M · 20% of revenue Operating expenses$307.8M20% of revenue Net profit: $785.7M · 50% margin Net profit$785.7M50% margin −4% Y/Y Tax & other: $272.5M · 17% of revenue Tax & other$272.5M17% of revenue R&D: $96.7M · 6% of revenue R&D$96.7M6% of revenue SG&A: $211.1M · 14% of revenue SG&A$211.1M14% of revenue

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From $1.7B of sales to $825.7M of profit

FY2025, from the 10-K income statement and revenue by region
U.S. to Revenue: $1.1BEMEA to Revenue: $279.4MAsia Pacific to Revenue: $184.6MOther to Revenue: $99.5MRevenue to Gross profit: $1.5BRevenue to Cost of revenue: $196.3MGross profit to Operating profit: $1.1BGross profit to Operating expenses: $339.3MOperating profit to Net profit: $825.7MOperating profit to Tax & other: $295.3MOperating expenses to R&D: $103.6MOperating expenses to SG&A: $235.7M U.S.: $1.1B · 66% U.S.$1.1B66% EMEA: $279.4M · 17% EMEA$279.4M17% Asia Pacific: $184.6M · 11% Asia Pacific$184.6M11% Other: $99.5M · 6% Other$99.5M6% Revenue: $1.7B Revenue$1.7B +6% Y/Y Gross profit: $1.5B · 88% margin Gross profit$1.5B88% margin Cost of revenue: $196.3M · 12% of revenue Cost of revenue$196.3M12% of revenue Operating profit: $1.1B · 68% margin Operating profit$1.1B68% margin +6% Y/Y Operating expenses: $339.3M · 20% of revenue Operating expenses$339.3M20% of revenue Net profit: $825.7M · 50% margin Net profit$825.7M50% margin +5% Y/Y Tax & other: $295.3M · 18% of revenue Tax & other$295.3M18% of revenue R&D: $103.6M · 6% of revenue R&D$103.6M6% of revenue SG&A: $235.7M · 14% of revenue SG&A$235.7M14% of revenue

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Where each $100 of sales went

FY2021
FY2022
FY2023
FY2024
FY2025
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

2 of 2
  • ✓
    Net margin above the peer median49.1% vs 19.1%
  • ✓
    A profit in every one of 10 years
Net margin, FY2016 to FY2025: 38.6% → 49.8%

Balance sheet

1 of 2
  • ✓
    Interest covered more than 5 timesOperating income is 14.6× interest expense
  • !
    Current ratio below 1Current ratio 0.42

Cash and shareholders

4 of 4
  • ✓
    Free cash flow positive in every one of 10 years$1.1B last year
  • ✓
    Share count down over 5 years−18.6%
  • ✓
    Dividend per share up over 2 years$0.00 → $2.31
  • ✓
    Cash from operations above net income$1.1B vs $825.7M
Free cash flow, FY2016 to FY2025: 666.4M → 1.1B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Revenue and net income, FY2016 to FY2025

Revenue 1.7B Net income 825.7M
FY2016 revenue 1.1B · Revenues, 0001014473-19-000005 FY2016 net income 440.6M · ProfitLoss, 0001014473-19-000005 1.1B FY2016 FY2017 revenue 1.2B · Revenues, 0001014473-20-000006 FY2017 net income 457.2M · ProfitLoss, 0001014473-20-000006 1.2B FY2017 FY2018 revenue 1.2B · Revenues, 0001014473-21-000005 FY2018 net income 582.5M · ProfitLoss, 0001014473-21-000005 1.2B FY2018 FY2019 revenue 1.2B · Revenues, 0001014473-22-000007 FY2019 net income 612.3M · ProfitLoss, 0001014473-22-000007 1.2B FY2019 FY2020 revenue 1.3B · Revenues, 0001014473-23-000005 FY2020 net income 814.9M · ProfitLoss, 0001014473-23-000005 1.3B FY2020 FY2021 revenue 1.3B · Revenues, 0001014473-24-000006 FY2021 net income 784.8M · ProfitLoss, 0001014473-24-000006 1.3B FY2021 FY2022 revenue 1.4B · Revenues, 0001014473-25-000006 FY2022 net income 673.8M · ProfitLoss, 0001014473-25-000006 1.4B FY2022 FY2023 revenue 1.5B · Revenues, 0001014473-26-000006 FY2023 net income 817.6M · ProfitLoss, 0001014473-26-000006 1.5B FY2023 FY2024 revenue 1.6B · Revenues, 0001014473-26-000006 FY2024 net income 785.7M · ProfitLoss, 0001014473-26-000006 1.6B FY2024 FY2025 revenue 1.7B · Revenues, 0001014473-26-000006 FY2025 net income 825.7M · ProfitLoss, 0001014473-26-000006 1.7B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

VRSN's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue1.7B
FY2016: 1.1BFY2017: 1.2BFY2018: 1.2BFY2019: 1.2BFY2020: 1.3BFY2021: 1.3BFY2022: 1.4BFY2023: 1.5BFY2024: 1.6BFY2025: 1.7B FY2017FY2019FY2021FY2023FY2025
Net income825.7M
FY2016: 440.6MFY2017: 457.2MFY2018: 582.5MFY2019: 612.3MFY2020: 814.9MFY2021: 784.8MFY2022: 673.8MFY2023: 817.6MFY2024: 785.7MFY2025: 825.7M FY2017FY2019FY2021FY2023FY2025
Free cash flow1.1B
FY2016: 666.4MFY2017: 653.3MFY2018: 660.8MFY2019: 713.6MFY2020: 686.8MFY2021: 754.2MFY2022: 803.7MFY2023: 808.0MFY2024: 874.5MFY2025: 1.1B FY2017FY2019FY2021FY2023FY2025
EPS (diluted)6.24
FY2016: 3.42FY2017: 3.68FY2018: 4.75FY2019: 5.15FY2020: 7.07FY2021: 7.00FY2022: 6.24FY2023: -FY2024: -FY2025: - FY2017FY2019FY2021FY2023FY2025
Dividend per share2.31
FY2016: -FY2017: -FY2018: -FY2019: -FY2020: -FY2021: -FY2022: -FY2023: 0.00FY2024: 0.00FY2025: 2.31 FY2017FY2019FY2021FY2023FY2025
Diluted shares93.8M
FY2016: 128.8MFY2017: 124.2MFY2018: 122.7MFY2019: 119.0MFY2020: 115.3MFY2021: 112.2MFY2022: 108.0MFY2023: 103.5MFY2024: 98.2MFY2025: 93.8M FY2017FY2019FY2021FY2023FY2025

Revenue by region

year to Dec 31, 2025
RevenueSharevs year before
U.S. 1.1B66.0% +5.6%
EMEA 279.4M16.9% +11.9%
Asia Pacific 184.6M11.1% +5.1%
Other 99.5M6.0% +3.0%

10-K 0001014473-26-000006, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue1.1B1.2B1.2B1.2B1.3B1.3B1.4B1.5B1.6B1.7B
Cost of revenue198.2M193.3M192.1M180.5M180.2M191.9M200.7M197.3M191.4M196.3M
R&D59.1M52.3M57.9M60.8M74.7M80.5M85.7M91.0M96.7M103.6M
SG&A118.0M129.8M132.7M137.6M186.0M188.4M195.4M204.2M211.1M235.7M
Operating income686.6M707.7M767.4M806.1M824.2M866.8M943.1M1.0B1.1B1.1B
Interest expense115.6M136.3M114.8M90.6M90.2M83.3M75.3M75.3M75.3M77.0M
Pretax income581.2M599.0M729.5M758.8M750.2M782.2M880.2M976.5M1.0B1.1B
Income tax140.5M141.8M147.0M146.5M-64.7M-2.6M206.4M158.9M236.2M242.8M
Net income440.6M457.2M582.5M612.3M814.9M784.8M673.8M817.6M785.7M825.7M
EPS (diluted)3.423.684.755.157.077.006.24---
Diluted shares128.8M124.2M122.7M119.0M115.3M112.2M108.0M103.5M98.2M93.8M
Depreciation & amortization58.2M49.9M48.4M46.3M46.4M47.9M46.9M44.1M36.9M31.2M
EBITDA744.7M757.6M815.8M852.5M870.6M914.7M990.0M1.0B1.1B1.2B
Operating margin60.1%60.7%63.2%65.5%65.1%65.3%66.2%67.0%67.9%67.7%
Net margin38.6%39.2%47.9%49.7%64.4%59.1%47.3%54.8%50.4%49.8%
Revenue growth-+2.0%+4.3%+1.4%+2.7%+4.9%+7.3%+4.8%+4.3%+6.4%
EPS growth-+7.6%+29.1%+8.4%+37.3%-1.0%-10.9%---

Balance sheet

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash231.9M465.9M357.4M508.2M401.2M223.5M373.6M240.1M206.7M307.9M
Short-term investments1.6B1.9B912.3M709.9M765.7M982.3M606.8M686.3M393.2M272.6M
Receivables13.1M5.1M6.0M1.5M4.6M5.3M6.2M6.3M5.6M7.7M
Current assets1.8B2.4B1.3B1.3B1.2B1.3B1.0B988.3M663.8M652.5M
Property & equipment266.1M263.5M253.9M250.3M245.6M251.2M232.0M233.2M224.5M213.7M
Goodwill52.5M52.5M52.5M52.5M52.5M52.5M52.5M52.5M52.5M52.5M
Total assets2.3B2.9B1.9B1.9B1.8B2.0B1.7B1.7B1.4B1.3B
Current liabilities1.5B1.6B947.6M965.2M988.7M1.1B1.1B1.2B1.5B1.3B
Total liabilities3.5B4.2B3.3B3.3B3.2B3.2B3.3B3.3B3.4B3.5B
Shareholders' equity-1.2B-1.3B-1.4B-1.5B-1.4B-1.3B-1.6B-1.6B-2.0B-2.2B
Retained earnings-18.2B-17.7B-17.1B-16.5B-15.7B-14.9B-14.2B-13.4B-12.6B-11.8B

Cash flow

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow693.0M702.8M697.8M753.9M730.2M807.2M831.1M853.8M902.6M1.1B
Capital spending26.6M49.5M37.0M40.3M43.4M53.0M27.4M45.8M28.1M22.8M
Free cash flow666.4M653.3M660.8M713.6M686.8M754.2M803.7M808.0M874.5M1.1B
Stock-based pay (added back)50.0M52.9M52.5M50.6M48.2M53.4M58.6M59.7M61.1M69.7M
Dividends paid-------00215.2M
Buybacks662.5M621.2M638.2M782.6M777.5M722.6M1.0B901.4M1.2B881.6M
Debt raised0543.2M000741.1M000493.3M
Debt repaid-------00500.0M
Investing cash flow-42.7M-405.4M1.1B167.2M-72.3M-269.2M355.7M-97.4M286.3M109.1M
Financing cash flow-648.8M-65.1M-1.9B-770.3M-764.9M-719.1M-1.0B-889.8M-1.2B-1.1B
Dividend per share-------0.000.002.31

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)50.0M52.9M52.5M50.6M48.2M53.4M58.6M59.7M61.1M69.7M
Stock-based pay / revenue4.4%4.5%4.3%4.1%3.8%4.0%4.1%4.0%3.9%4.2%
Right-of-use assets--09.1M11.3M8.4M7.2M---
Operating lease liabilities--04.6M------

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on VRSN in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/VRSN/export.csv") into a cell.