Vistance Networks, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
VISN$4.12-25.0%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Vistance Networks, Inc. | |||
|---|---|---|---|
| Consolidated Statements of Operations | |||
| (In millions, except per share amounts) | |||
| Year Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Net sales | $1,931.6 | $1,382.6 | $1,863.8 |
| Cost of sales | 975.7 | 777.5 | 963.5 |
| Gross profit | 955.9 | 605.1 | 900.3 |
| Transition service agreement income | 35.5 | 24.5 | — |
| Operating expenses: | |||
| Selling, general and administrative | 497.4 | 472.0 | 512.4 |
| Research and development | 283.5 | 247.5 | 318.8 |
| Amortization of purchased intangible assets | 138.4 | 165.1 | 227.0 |
| Restructuring costs, net | 19.7 | 36.7 | 29.4 |
| Asset impairments | — | — | 472.3 |
| Other | 4.8 | — | — |
| Total operating expenses | 943.8 | 921.3 | 1,559.9 |
| Operating income (loss) | 47.6 | (291.7) | (659.6) |
| Other income (expense), net | (9.4) | 7.9 | 75.5 |
| Interest income | 16.7 | 10.9 | 11.1 |
| Income (loss) from continuing operations before income taxes | 54.9 | (272.9) | (573.0) |
| Income tax (expense) benefit | 269.4 | 66.9 | (79.8) |
| Income (loss) from continuing operations | 324.3 | (206.0) | (652.8) |
| Income (loss) from discontinued operations, net of income tax (expense) benefit of $865.1, $(213.6) and $99.6, respectively | 1,959.4 | (109.5) | (854.0) |
| Net income (loss) | 2,283.7 | (315.5) | (1,506.8) |
| Series A convertible preferred stock dividends | (68.9) | (65.2) | (61.8) |
| Net income (loss) attributable to common stockholders | $2,214.8 | $(380.7) | $(1,568.6) |
| Basic: | |||
| Earnings (loss) from continuing operations per share | $1.16 | $(1.27) | $(3.39) |
| Earnings (loss) from discontinued operations per share | 8.93 | (0.51) | (4.05) |
| Earnings (loss) per share | $10.09 | $(1.78) | $(7.44) |
| Diluted: | |||
| Earnings (loss) from continuing operations per share | $1.11 | $(1.27) | $(3.39) |
| Earnings (loss) from discontinued operations per share | 8.52 | (0.51) | (4.05) |
| Earnings (loss) per share | $9.63 | $(1.78) | $(7.44) |
| Weighted average shares outstanding: | |||
| Basic | 219.5 | 214.4 | 210.9 |
| Diluted | 230.0 | 214.4 | 210.9 |
| See notes to consolidated financial statements. | |||
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