VERISIGN INCCA（VRSN）の決算・業績分析
VERISIGN INCCAの2025年有価証券報告書をAI分析。売上高$1.7B(+6.4%)。営業利益$1.1B。Information Technology。
目次
VERISIGN INCCAの2025年度 業績サマリー
VERISIGN INCCA（証券コード: VRSN）の2025年度決算・業績分析。売上高は$1.7B（前年比+6.4%）。営業利益は$1.1B（前年比+5.9%）。純利益は$826M（前年比+5.1%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
VERISIGN INCCAの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 7.3% YoY to $1.4B (XBRL), but net income fell 14.1% YoY to $674M (XBRL).
- Operating income rose 8.8% YoY to $943M (XBRL), with operating margin at 66.2% (XBRL).
- ROIC reached 132.9% (XBRL), but equity ratio was -90.4% (XBRL) and D/E ratio -2.11x (XBRL).
- Share repurchases of $1.0B (XBRL) offset $804M (XBRL) free cash flow, reducing equity to -$1.6B (XBRL).
VERISIGN INCCAの売上高変化の要因
- •Revenue grew to $1.4B (XBRL), up 7.3% YoY, with a 5-year CAGR of 4.2% (XBRL). Operating income increased 8.8% YoY to $943M (XBRL), but net income declined 14.1% YoY to $674M (XBRL), reflecting a 5-year net income CAGR of +7.0% (XBRL). The company's revenue model relies on domain name registrations, Root Zone Maintainer functions, and technical operations for TLDs (10-K). No segment-specific revenue data is available (N/A).
VERISIGN INCCAの営業利益変化の要因
- •Operating margin was 66.2% (XBRL), up from FY2023, while net margin fell to 47.3% (XBRL) due to a 14.1% YoY decline in net income. EBITDA margin was 69.5% (XBRL), indicating strong cost control. Net income dropped despite revenue growth, likely due to share repurchases and other expenses. Operating income grew 8.8% YoY, outpacing revenue growth (7.3% YoY).
VERISIGN INCCAの事業リスクと対応
Cybersecurity breaches could increase costs, expose liability, and harm reputation (10-K).
DDoS attacks may disrupt service reliability and increase response costs (10-K).
Third-party system vulnerabilities pose material operational risks (10-K).
Insider threats, including sabotage or data breaches, could compromise security (10-K).
Failure to manage cybersecurity risks may cause revenue loss and reputational damage (10-K).
VERISIGN INCCAの事業内容
Verisign Inc provides critical internet infrastructure and domain name registry services, enabling navigation for domain names like .com and .net (10-K). Key products include operating .com, .net, and .name registries; managing internationalized domain names (IDN gTLDs); maintaining the .cc ccTLD; technical services for .edu; and operating root servers for DNS (10-K). Competitive advantages include its role as a Root Zone Maintainer, operating two of the thirteen global root servers, and agreements with ICANN and the U.S. Department of Commerce (10-K). No significant customer concentration or competitor data is disclosed (N/A).
VERISIGN INCCAのAI業績分析レポート（2024年度）
Verisign Inc (VRSN) FY2024 Annual Report Analysis
Highlights
Business Overview
Verisign Inc provides critical internet infrastructure and domain name registry services, enabling navigation for domain names like .com and .net (10-K). Key products include operating .com, .net, and .name registries; managing internationalized domain names (IDN gTLDs); maintaining the .cc ccTLD; technical services for .edu; and operating root servers for DNS (10-K). Competitive advantages include its role as a Root Zone Maintainer, operating two of the thirteen global root servers, and agreements with ICANN and the U.S. Department of Commerce (10-K). No significant customer concentration or competitor data is disclosed (N/A).
Revenue Analysis
Revenue grew to $1.4B (XBRL), up 7.3% YoY, with a 5-year CAGR of 4.2% (XBRL). Operating income increased 8.8% YoY to $943M (XBRL), but net income declined 14.1% YoY to $674M (XBRL), reflecting a 5-year net income CAGR of +7.0% (XBRL). The company's revenue model relies on domain name registrations, Root Zone Maintainer functions, and technical operations for TLDs (10-K). No segment-specific revenue data is available (N/A).
Profitability Analysis
Operating margin was 66.2% (XBRL), up from FY2023, while net margin fell to 47.3% (XBRL) due to a 14.1% YoY decline in net income. EBITDA margin was 69.5% (XBRL), indicating strong cost control. Net income dropped despite revenue growth, likely due to share repurchases and other expenses. Operating income grew 8.8% YoY, outpacing revenue growth (7.3% YoY).
Balance Sheet Analysis
Equity ratio was -90.4% (XBRL), with total equity at -$1.6B (XBRL) as of FY2024. D/E ratio was -2.11x (XBRL), reflecting significant debt. Current ratio was 0.83x (XBRL), indicating potential liquidity challenges. ROE was -42.6% (XBRL), while ROA was 38.5% (XBRL). Cash reserves stood at $240M (XBRL), but total assets declined from $1.7B (XBRL) in FY2023 to $1.7B (XBRL) in FY2024.
Cash Flow Analysis
Operating cash flow was $831M (XBRL), with $804M (XBRL) free cash flow after $27M (XBRL) CapEx. Investing cash flow was $356M (XBRL), likely from asset purchases. Financing cash flow was -$1.0B (XBRL), driven by $1.0B (XBRL) in share repurchases. CapEx intensity was 1.9% (XBRL) of revenue, with R&D expenses at $86M (XBRL).
Working Capital Analysis
Receivables days were 2 days (XBRL), indicating efficient collections. Asset turnover was 0.81x (XBRL). No data on inventory or payables days is available (N/A).
Risks
Outlook
N/A. Management guidance and forward-looking trends are not explicitly mentioned in the 10-K text.
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | 1.5B |
| Operating Income | 767M | 806M | 824M | 867M | 943M | 1.0B |
| Net Income | 582M | 612M | 815M | 785M | 674M | 818M |
| Total Assets | 1.9B | 1.8B | 2.0B | 1.7B | 1.7B | 1.4B |
| Total Equity | -1.5B | -1.4B | -1.3B | -1.6B | -1.6B | -2.0B |
| Operating Cash Flow | 698M | 754M | 730M | 807M | 831M | 854M |
Information Technologyの企業一覧
VERISIGN INCCAと同じ「Information Technology」セクターの企業