VSNT Versant Media Group, Inc.

Overview and Growth

Versant Media Group, Inc. generated $6.69B of revenue in fiscal 2025, with net income of $930.00M and an operating cash inflow of $2.02B. At $6.69B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 5.3% below fiscal 2024 revenue of $7.06B, marking a top-line contraction. The revenue-to-assets relationship was 0.54x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $3.75B as gross profit before recognizing operating expenses and other items. Gross margin was 56.1%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced $1.27B of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 19.0% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $930.00M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 13.9% margin after operating costs and the remaining recognized items. Pretax income was $1.23B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 18.4%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $297.00M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 24.2%, without assuming a statutory-rate comparison. Return on period-end equity was 8.9%, relating annual net income to the equity capital on the balance sheet.

Liquidity and Capital Structure

The company held $12.33B of assets against $1.93B of liabilities and $10.40B of equity, revealing how the asset base was financed. At period end, current assets of $2.50B compared with current liabilities of $622.00M, defining the company’s short-term resource position. Current assets covered current liabilities by 4.02x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $55.00M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 8.8% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $983.00M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.09x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 8.0%, comparing borrowing with the total asset balance. Liabilities represented 15.7% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 0.4%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 2.4% higher than fiscal 2024 assets of $12.05B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

Cash flow from operations was $2.02B, a reported cash inflow that can be compared directly with net income and capital spending. The operating-cash-flow-to-net-income relationship was 2.17x, comparing cash generated by operations with the bottom-line earnings result. Capital spending was $167.00M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 8.3%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $1.85B, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 27.7% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 15.0% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.