tradmap

VIAV Financials Viavi Solutions Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 0.9% per year over the past 5 years.
  • Net income has grown slower than revenue (-6.6% vs -0.9% per year).
  • Operating margin has contracted, at 5.3% in the latest year.
  • Free cash flow has declined 9.8% per year over the past 5 years.

Financial health

  • Total debt ($643M) exceeds cash ($424M); net debt is $219M.
  • Total debt has grown in line with revenue (-1.2% vs -0.9% per year).
  • Operating income covered interest expense 1.9× in the latest year.
  • Total debt is 11× EBITDA.
Revenue & net income
-$910M $191M $1B $0 2009 2011 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-11% 25% 61% 0% 2009 2011 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$19M $86M $191M $0 2009 2011 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $502M $1B 2009 2011 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$652M -$81M $490M $0 2009 2011 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.1B $35M 57.3% 5.3% $62M $643M $424M
2024 $1.0B -$26M 57.6% 2.1% $97M $636M $471M
2023 $1.1B $26M 57.8% 7.4% $63M $726M $507M
2022 $1.3B $16M 59.8% 14.3% $106M $685M $560M
2021 $1.2B $68M 59.6% 11.9% $191M $681M $698M
2020 $1.1B $49M 58.5% 10.4% $104M $682M $539M
2019 $1.1B $5M 57.6% 6.0% $94M — $522M
2018 $876M -$49M 55.8% 0.2% $24M — $611M
2017 $805M $160M 59.5% 0.9% $56M — $1.0B
2016 $906M -$99M 60.7% -9.3% $29M — $483M
2015 — -$88M — — -$19M — $335M
2014 — -$18M — — $77M — $297M
2011 — $72M — — $89M — $395M
2010 — -$62M — — $78M $267M $340M
2009 — -$910M — — $53M — $287M

Valuation over time

How the market has priced VIAV against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 176.1 352.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 5.7 11.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is VIAV growing its revenue and profit?

Over the past 5 years, Viavi Solutions Inc.'s revenue has declined 0.9% per year, and net income declined 6.6% per year. These are computed facts, not advice.

How much debt does VIAV have?

As of FY2025, Viavi Solutions Inc. reported $643M of total debt against $424M of cash; operating income covered interest expense 1.9×.

What is VIAV's profit margin?

In FY2025, gross margin was 57.3%, operating margin 5.3%, and net margin 3.2%.

What is VIAV's P/E ratio?

As of Jun '26, Viavi Solutions Inc. traded at a price-to-earnings ratio of about 338.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.