VeriSign Inc

Services-Computer Programming Services

VRSNStrained10 of 11 basics passed

$303.74

+2.00%

Market cap $27.5B

$303.74

+2.00%

Market cap $27.5B

Verisign is an operator of critical infrastructure within the domain name system, or DNS. As the registry for some of the world's most popular TLDs, .com and .net, Verisign directs DNS resolvers to the appropriate registry where IP addresses are stored.

It is a $27.5B technology company. Revenue grew 6.9% over the last year, it keeps 50¢ of every dollar of sales as profit, and its net debt equals ~1.5 years of free cash flow. It trades at 32.3× earnings — in the most expensive third of its own history.

Website: verisign.com
Location: Reston, VA
Employees: 928
Sector: Technology

Share price · 3 years

$208.29 → $303.74+45.8%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $1.71B
Profit: keeps 50¢ of every $1 sold; $850M
Free cash flow: cash left after running the business; $1.07B
Net debt: debt minus cash on hand; $1.57B
P/E: years of profit in the price; 32.3
EPS: earnings per share, TTM; $9.06
Dividend: pays out 34% of profit · 27% of FCF; 1.06%
Shares: down 27% since 2016 — buybacks; 93.8M
Volatility: beta vs the market — under 1 swings less; 0.69

Revenue, last 10 years

52-week range

Low $211.49$303.74High $310.00

Today's price is 94% of the way from the year's low to its high.

P/E vs its history5y

32.3×median 28.7×

Higher than 79% of past days — in the most expensive third of its own history.

Valuation vs own history

P/E

32.3×

20%

P/S

16.1×

29%

EV/EBITDA

24.8×

35%

FCF yield

3.9%

48%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Insider activity · 90 days

-$2.71Mnet selling

Purchases$0

Sales$2.71M

Insiders trading, last 14d0 buy · 2 sell

Standing in Technology

Size$27.5Btop 48%
Revenue growth+5%top 69%
Net margin50%top 5%
Return on equity114%top 6%
P/E32.3×top 43%
Dividend yield1.06%top 44%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong profitability, quality and moat; Valuation, Growth and Health lag behind.

Valuation34

P/E vs own history79th pct · 5/25
FCF yield3.9% · 12/25
P/S16.1x · 5/25
EV/EBITDA24.4x · 12/25

Growth36

Revenue CAGR5.7% · 12/25
Net income CAGR1.3% · 6/25
EPS CAGR ~5Y4.5% · 6/25
Fwd implied growth12.8% · 12/25

Profitability75

ROICn/a · 0/25
ROE113.5% · 25/25
Net margin49.8% · 25/25
Operating margin67.9% · 25/25

Health25

Altman Zn/a · 0/25
Current ratio0.59 · 0/25
Interest coverage22.2x · 25/25
Net cash / debtD/A 118% · 0/25

Quality100

Piotroski F8/9 · 25/25
Beneish M-3.54 · 25/25
FCF conversion125% · 25/25
Margin stabilityσ 2.7% · 25/25

Moat75

ROIC >12% yearsn/a · 0/25
Median gross margin85.6% · 25/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 38.6% · 25/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$826M net income
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$1.14B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$13 685 today — price return only

$1.7B revenue in FY2025

Revenue up 6.9% year over year

Profitable 10 years in a row

Positive free cash flow 10 years in a row

928 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (88.5%)
Strongly profitable — 49.8% net margin
Strong cash conversion — FCF is 62.4% of revenue
Interest covered 22.2× by operating earnings
Piotroski F-Score 8/9 — fundamentally strong checklist

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

10 of 11 checks passed

Revenue growing — the company sells more than a year ago+6.9% YoY
Profitable — makes more than it spends$850M TTM
Profit growing — earnings are higher than last year+12.2% YoY
Generates cash — cash left after running and investing$1.07B TTM
Debt under control — could handle its obligations~1.5y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$27.5B market cap
Not printing shares — share count not ballooning — you keep your slice-18.6% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distresshealth score 25/100
Pays a dividend — returns cash to shareholdersyield 1.06%
Valuation not extreme — price not wildly above earningsP/E 32.3

Peer comparisonVeriSign Inc vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
VRSN this company	$27.5B	32.3	+6.9%	49.8%	Strained
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: VRSN vs NVDA · VRSN vs AAPL · VRSN vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 5Buy 3Hold 3Sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $1.71B · net income $850M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$1.71B

YoY 6.9%

Net income (TTM)

$850M

Margin 49.8%

Gross margin

88.5%

Operating margin

67.9%

P/E ratio

32.3

Dividend yield

1.06%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	1.3	1.3	1.4	1.5	1.6	1.7
Gross profit	1.1	1.1	1.2	1.3	1.4	1.5
Operating income (EBIT)	0.8	0.9	0.9	1.0	1.1	1.1
Net income	0.8	0.8	0.7	0.8	0.8	0.8
EPS (diluted)	7.07	7.00	6.24	7.90	8.00	8.80

Cash flowFree cash flow $1.07B · operating cash flow $1.10B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$1.07B

Margin 62.4%

Operating cash flow (TTM)

$1.10B

FCF margin

62.4%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.7	0.8	0.8	0.9	0.9	1.1
Capital expenditure	-0.0	-0.1	-0.0	-0.0	-0.0	-0.0
Free cash flow	0.7	0.8	0.8	0.8	0.9	1.1
FCF margin	54.3%	56.8%	56.4%	54.1%	56.2%	64.5%

Balance sheetAssets $1.33B · net debt $1.57B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $1.33B of assets is financed

262%

Liabilities $3.48B — borrowed moneyEquity -$2.15B — owners' stake

Cash vs debt

Total debt $2.15B − cash $581M = net debt $1.57B

Cash on hand covers 27% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

22.2x

EBIT ÷ interest expense

ROE

113.5%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	1.2	1.2	1.0	0.9	0.6	0.6
Total assets	1.8	2.0	1.7	1.7	1.4	1.3
Total liabilities	3.2	3.2	3.3	3.3	3.4	3.5
Total debt	2.2	2.2	2.2	2.1	1.8	2.1
Equity	-1.4	-1.3	-1.6	-1.6	-2.0	-2.2
Net debt	1.0	1.0	1.2	1.2	1.2	1.6

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of VRSN on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $303.74 · market cap $27.5B.