Filing Flows › Vistance Networks (VISN) › Q4 2025
Vistance Networks (VISN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Vistance Networks (VISN) reported revenue of $514M for the fourth quarter 2025 (Q4 2025), +24% from a year earlier and -68% from the quarter before. Operating margin was -0.6%, net earnings $1.4B (264.2% of revenue).
Vistance Networks, Q4 2025: revenue $514M (+24% year over year), operating margin -0.6%, net earnings $1.4B, operating cash flow $281M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $514M | -68% | +24% |
| Operating profit | −$2.9M | -101% | — |
| Net earnings | $1.4B | 13× | — |
| Operating cash flow | $281M | +86% | +1% |
| Free cash flow | $256M | +89% | -6% |
What changed
Revenue was $514.5M in Q4 2025, up 24% year over year and down 68% from the previous quarter.
Gross margin was 45.5%, up 3.0 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -0.6%. Operating expenses grew 6% against revenue growth of 24%. Net earnings were $1,359.5M, up 19893% year over year. The effective tax rate was -1.4%. Non-operating items added $1,343.1M, 100% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $281.3M (up 1% year over year), 21% of net earnings. Non-cash charges added back $49.1M of depreciation and amortization and $15.4M of share-based compensation. Working capital and other items used $1,142.7M. Capital expenditures of $25.8M left free cash flow of $255.5M.
Questions
What was Vistance Networks' revenue in the fourth quarter 2025?
Vistance Networks (VISN) reported revenue of $514M for the fourth quarter 2025 (Q4 2025), +24% from a year earlier and -68% from the quarter before.
Was Vistance Networks profitable in the fourth quarter 2025?
Operating loss was $2.9M (-0.6% of revenue) and net earnings $1.4B.
Source: Vistance Networks 10-K on SEC EDGAR.