Short answer
Verisign (VRSN) filed its fiscal 2025 10-K annual report with the SEC on Feb 5, 2026. It reported revenue of $1.7B (+6.4% year over year) and net income of $826M.
- Top risk flagged: Regulatory risk from evolving data protection laws and cybersecurity regulatory requirements, monitored and addressed through ongoing compliance updates
FY2025 key financial metrics · XBRL
- Revenue
- $1.7B
- +6.4% YoY
- Net income
- $826M
- +5.1% YoY
- Operating margin
- 67.7%
- −0.3 pp YoY
- ROE
- -38.3%
- +1.8 pp YoY
- Operating cash flow
- $1.1B
- +20.9% YoY
Source: XBRL data from the Verisign (VRSN) FY2025 10-K on SEC EDGAR. USD.
Verisign FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Registry operator for .com and .net domain names in gTLD system
- Focus on expansion in developing and emerging economies to drive growth amid uncertain international adoption
- Notable risk emphasis on demand erosion from AI technologies, alternative identifier namespaces, and evolving internet behaviors
- Recent initiation of quarterly dividends beginning Q2 2025, subject to board discretion and market conditions
- Heightened AI-related operational, cybersecurity, IP, and regulatory risks detailed as emerging business challenges
Management Discussion & Analysis
- Revenue $1,656.6M, up 6% YoY from 2024
- Operating income $1,121.0M, up 6% YoY; operating margin ~67.7% (1,121 ÷ 1,656.6)
- Best segment: .com and .net base registrations 173.5M, up 2.6%; 41.7M new registrations vs 37.4M in 2024
- Cash flows from operations $1,091.1M, up 21% YoY; repurchased 3.4M shares for $858.6M; dividend increased to $0.81/share (+5.2%)
- Forward outlook: increased dividend, $1.08B remaining in buyback authorization, ongoing risks from internet usage trends and competition
Risk Factors
- Regulatory risk from evolving data protection laws and cybersecurity regulatory requirements, monitored and addressed through ongoing compliance updates
- Geopolitical exposure via third-party service providers assessed for cybersecurity practices, with specific audit and breach disclosure obligations in contracts
- Supply chain vulnerability tied to reliance on third-party managed detection and response provider augmenting 24/7 security operations
- Competitive disruption from emerging AI risks managed by cross-functional AI Steering Committee including technology and legal teams
- Key-person dependency on CSO with 30+ years experience and leadership over converged security, engineering and operations functions
Generated from the filing text; verify against the original. How to read a 10-K
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