14 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 25.5% per year over the past 5 years.
Operating margin has expanded, at 2.5% in the latest year.
Free cash flow has declined 4.3% per year over the past 5 years.
Financial health
Total debt ($7.3B) exceeds cash ($754M); net debt is $6.5B.
Total debt has grown faster than revenue (-5.3% vs -25.5% per year).
Total debt is 22× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.9B
$2.3B
49.5%
2.5%
$253M
$7.3B
$754M
2024
$1.4B
-$316M
43.8%
-21.1%
$248M
$9.2B
$404M
2023
$1.9B
-$1.5B
48.3%
-35.4%
$237M
$9.3B
$500M
2022
$5.8B
-$1.3B
34.3%
-16.2%
$89M
$9.5B
$373M
2021
$6.7B
-$463M
36.2%
2.9%
-$9M
$9.5B
$360M
2020
$8.4B
-$573M
32.6%
-0.6%
$315M
$9.5B
$522M
2019
$8.3B
-$930M
28.8%
-6.1%
$492M
$9.8B
$598M
2018
$4.6B
$140M
35.8%
9.9%
$412M
$4.0B
$458M
2017
$4.6B
$194M
37.4%
10.3%
$518M
$4.4B
$454M
2016
$4.9B
$223M
41.2%
11.5%
$572M
$4.5B
$428M
2015
—
-$71M
—
—
—
$5.2B
$563M
2014
—
$237M
—
—
—
$2.7B
$729M
2013
—
$19M
—
—
—
$2.5B
$346M
2012
—
$5M
—
—
—
$2.5B
$264M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$472M
$5.5B
49.5%
5.0%
-$229M
$0
$2.5B
Dec '25
-$2.2B
$1.4B
-10.7%
0.1%
$256M
$7.3B
$754M
Sep '25
$1.6B
$108M
15.0%
1.1%
$135M
$7.3B
$705M
Jun '25
$1.4B
$32M
20.1%
3.5%
$65M
$7.2B
$571M
Mar '25
$388M
$784M
50.9%
-4.2%
-$202M
$7.2B
$493M
Dec '24
-$1.7B
$7M
-10.7%
2.9%
$271M
$9.2B
$404M
Sep '24
$1.1B
-$33M
15.6%
-5.5%
$115M
$9.3B
$392M
Jun '24
$1.1B
$44M
13.4%
-5.4%
$46M
$9.3B
$346M
Mar '24
$901M
-$334M
32.8%
-6.1%
-$184M
$9.3B
$357M
Dec '23
$923M
-$581M
37.1%
-13.1%
$51M
$9.3B
$500M
Sep '23
$1.1B
-$829M
36.1%
-38.8%
$130M
$9.4B
$519M
Jun '23
$1.6B
-$100M
28.5%
2.1%
$116M
$9.4B
$418M
Mar '23
$1.7B
$3M
37.9%
11.0%
-$61M
$9.4B
$327M
Dec '22
$615M
-$1.1B
118.0%
-147.0%
$364M
$9.5B
$373M
Sep '22
$2.4B
$23M
28.9%
7.6%
-$111M
$9.6B
$146M
Jun '22
$2.3B
-$61M
27.1%
3.4%
-$122M
$9.6B
$229M
Mar '22
$2.2B
-$140M
28.6%
1.2%
-$42M
$9.5B
$315M
Dec '21
$2.2B
-$87M
30.8%
2.7%
-$48M
$9.5B
$360M
Sep '21
$2.1B
-$124M
31.0%
1.0%
$31M
$9.5B
$412M
Jun '21
$2.2B
-$154M
30.8%
-0.8%
$158M
$9.5B
$446M
Valuation over time
How the market has priced VISN against its own fundamentals since 2026-01 —
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.
The price-to-earnings ratio has fallen from 1.3× (Apr '26) to 1.2× (Jun '26).
The price-to-sales ratio has risen from 1.1× (Jan '26) to 1.5× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is VISN growing its revenue and profit?
Over the past 5 years, Vistance Networks, Inc.'s revenue has declined 25.5% per year. These are computed facts, not advice.
How much debt does VISN have?
As of FY2025, Vistance Networks, Inc. reported $7.3B of total debt against $754M of cash.
What is VISN's profit margin?
In FY2025, gross margin was 49.5%, operating margin 2.5%, and net margin 118.2%.
What is VISN's P/E ratio?
As of Jun '26, Vistance Networks, Inc. traded at a price-to-earnings ratio of about 1.2× (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.