Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Versant Media Group, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
7,445
7,062
6,688
Cost of revenue
3,154
3,064
2,937
Gross profit
4,291
3,998
3,751
Selling, general and administrative
1,231
1,167
1,469
Operating income
2,069
1,841
1,272
Interest expense
0
0
13
Other non-operating income
0
1
-31
Pre-tax income
2,069
1,843
1,228
Income tax
530
478
297
Net income to minority interests
0
2
1
Net income
1,539
1,363
930
EBITDA
2,136
1,904
1,339
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
23
8
55
Receivables
1,245
1,151
Other current assets
65
66
Total current assets
1,318
2,502
Property, plant and equipment
143
423
Goodwill
7,732
7,732
7,611
Intangible assets
1,869
924
Long-term investments
254
214
Other non-current assets
94
120
Total assets
12,049
12,333
Accounts payable
102
151
Accrued liabilities
111
141
Deferred revenue
135
163
Short-term debt
0
Total current liabilities
590
622
Long-term debt
0
983
Other non-current liabilities
39
63
Total liabilities
1,134
1,931
Total debt
0
983
Paid-in capital
0
Retained earnings
0
Other comprehensive income
-8
-7
Shareholders' equity
10,797
10,292
Minority interests
118
110
Total equity
11,677
10,915
10,402
Total liabilities and equity
12,049
12,333
Cash flow statement
FY2023
FY2025
FY2025
Net income
1,540
1,365
931
Depreciation and amortization
67
63
67
Stock-based compensation
15
16
29
Deferred income tax
-135
-145
-139
Change in payables
-12
-3
25
Cash from operations
2,428
2,211
2,022
Capital expenditures
-56
-54
-167
Acquisitions
0
0
-24
Cash from investing
-60
-71
-155
Debt issued
0
0
986
Cash from financing
-2,355
-2,155
-782
Net change in cash
13
-16
1,084
Free cash flow
2,372
2,157
1,855
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $34.93 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
56.0%
Gross profit / revenue.
Operating margin
17.1%
Operating income / revenue.
Pre-tax margin
15.0%
Pre-tax income / revenue.
Net margin
11.1%
Net income / revenue.
FCF margin
25.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
27.4%
Cash from operations / revenue.
Effective tax rate
26.2%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
9.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
5.7%
Net income / average total assets.
Return on invested capital (ROIC)
8.3%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
23.2%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
0.9%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
2.3%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-5.3%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-6.2%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-30.9%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-29.7%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-31.8%
Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-8.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-14.0%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-4.7%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
2.4%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.08x
Current assets / current liabilities.
Quick ratio
1.92x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.88x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.36x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
23.1%
Total debt / total assets.
Liabilities / assets
35.6%
Total liabilities / total assets.
Net debt
$1.88B
Total debt - cash - short-term investments. Negative means more cash than debt.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
8.3%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$5.23
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$47.18
Revenue / diluted weighted shares.
FCF per share
$11.84
Free cash flow / diluted weighted shares.
Operating cash flow per share
$12.91
Cash from operations / diluted weighted shares.
Book value per share
$58.01
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
6.69x
Market cap / net income. Only when net income is positive.
P/S
0.74x
Market cap / revenue.
P/B
0.60x
Market cap / shareholders' equity. Only when equity is positive.
P/FCF
2.96x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
2.71x
Market cap / cash from operations, when positive.
EV/Sales
1.03x
Enterprise value / revenue.
EV/EBIT
6.01x
Enterprise value / operating income, when both are positive.
EV/FCF
4.10x
Enterprise value / free cash flow, when both are positive.
FCF yield
33.8%
Free cash flow / market cap.
Earnings yield
15.0%
Net income / market cap (the inverse of P/E).
What was Versant Media Group, Inc.'s revenue in fiscal 2025?
Versant Media Group, Inc. reported revenue of $6.69B for fiscal 2025, 5.3% lower than the year before.
Was Versant Media Group, Inc. profitable in fiscal 2025?
Yes. Net income was $930.0M, a net margin of 13.9%.
How much free cash flow did Versant Media Group, Inc. generate in fiscal 2025?
Cash from operations of $2.02B minus capital expenditures of $167.0M left free cash flow of $1.86B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.