# Verisign, Inc. (VRSN) Q2 2025 Financial Results Summary
VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, reported its financial results for the second quarter of 2025 on July 24, 2025.
## Financial Highlights
– **Revenue**:
– $410 million for Q2 2025, which represents a **5.9% increase** compared to $387.1 million in Q2 2024.
– **Operating Income**:
– Recorded at $281 million in Q2 2025, compared to $266 million in Q2 2024, reflecting growth.
– **Net Income**:
– Net income reached $207 million, an increase compared to $199 million in the same quarter last year.
– **Diluted Earnings Per Share (EPS)**:
– $2.21 for Q2 2025, up from $2.01 for Q2 2024, marking a growth in earnings.
– **Cash Flow from Operations**:
– $202 million for Q2 2025, compared to $160 million in Q2 2024, signaling a year-over-year improvement.
– **Deferred Revenues**:
– Amounted to $1.38 billion as of June 30, 2025, representing an increase of **$75 million** from year-end 2024.
– **Cash, Cash Equivalents, and Marketable Securities**:
– Totaled $594 million, a slight decrease of **$6 million** from year-end 2024.
## Dividend and Share Repurchase Initiatives
– **Quarterly Dividend**:
– On July 22, 2025, Verisign’s Board of Directors approved a cash dividend of **$0.77 per share**, to be paid to shareholders of record as of August 19, 2025, with payment on August 27, 2025.
– **Share Repurchase**:
– During Q2 2025, Verisign repurchased **0.6 million shares** at an aggregate cost of **$163 million**.
– **Authorized Share Repurchase**:
– The Board also approved an additional authorization for share repurchases totaling **approximately $913 million**, bringing the total authorized amount to **$1.5 billion** under the ongoing repurchase program.
## Business Highlights
– **Domain Name Registrations**:
– Verisign had **170.5 million .com and .net domain name registrations** by the end of Q2 2025, which is a **0.1% decrease** from the same period in 2024. There was a net increase of **0.66 million** domain names registered during the quarter.
– **New Domain Name Registrations**:
– The company processed **10.4 million** new registrations for .com and .net in Q2 2025, an increase from **9.2 million** registrations in Q2 2024.
– **Renewal Rate**:
– The renewal rate for .com and .net for Q1 2025 was **75.5%**, compared to **74.1%** for Q1 2024.
## Summary of Financial Performance
– For the **six months ended June 30, 2025**:
– Revenue was **$812.2 million**, compared to **$771.4 million** for the same period in 2024.
– Net income was **$406.7 million**, up from **$392.9 million** year-over-year.
– The diluted EPS for the first half of 2025 was **$4.31**, compared to **$3.93** for the same period in the previous year.
## Closing Remarks
Verisign continues to demonstrate strong financial performance, characterized by growth in revenue, net income, and a new dividend initiative, alongside ongoing share repurchase programs. The company’s stability in the domain name infrastructure space continues to play a crucial role in its operational success.
## Conference Call Information
Verisign will host a live conference call to discuss these results and answer investor inquiries at **4:30 p.m. (EDT)** on July 24, 2025. Access details can be found on the company’s investor relations page.
For further performance metrics and detailed financial statements, you can refer to Verisign’s official website.
Here are the extracted tables in format:
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $314.3 | $206.7 |
| Marketable securities | $279.5 | $393.2 |
| Other current assets | $88.5 | $63.9 |
| Total current assets | $682.3 | $663.8 |
| Property and equipment, net | $221.2 | $224.5 |
| Goodwill | $52.5 | $52.5 |
| Deferred tax assets | $272.2 | $281.3 |
| Deposits to acquire intangible assets | $145.0 | $145.0 |
| Other long-term assets | $34.6 | $39.4 |
| Total long-term assets | $725.5 | $742.7 |
| Total assets | $1,407.8 | $1,406.5 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $225.3 | $257.8 |
| Deferred revenues | $1,034.3 | $973.5 |
| Current senior notes | $— | $299.8 |
| Total current liabilities | $1,259.6 | $1,531.1 |
| Long-term deferred revenues | $345.4 | $330.7 |
| Long-term senior notes | $1,786.9 | $1,492.5 |
| Long-term tax and other liabilities | $9.7 | $10.1 |
| Total long-term liabilities | $2,142.0 | $1,833.3 |
| Total liabilities | $3,401.6 | $3,364.4 |
| Commitments and contingencies | ||
| Stockholders’ deficit: | ||
| Preferred stock—par value $.001 per share; Authorized shares: 5.0; Issued and outstanding shares: none | $— | $— |
| Common stock and additional paid-in capital—par value $.001 per share; Authorized shares: 1,000; Issued shares: 10,203.0 | $10,203.0 | $10,645.3 |
| Accumulated deficit | -12,194.0 | -12,600.7 |
| Accumulated other comprehensive loss | -2.8 | -2.5 |
| Total stockholders’ deficit | -1,993.8 | -1,957.9 |
| Total liabilities and stockholders’ deficit | $1,407.8 | $1,406.5 |
—
| Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | |
|---|---|---|---|---|
| Revenues | $409.9 | $387.1 | $812.2 | $771.4 |
| Costs and expenses: | ||||
| Cost of revenues | $49.1 | $47.1 | $98.5 | $96.2 |
| Research and development | $25.7 | $23.8 | $51.7 | $48.6 |
| Selling, general and administrative | $54.4 | $50.0 | $110.1 | $101.5 |
| Total costs and expenses | $129.2 | $120.9 | $260.3 | $246.3 |
| Operating income | $280.7 | $266.2 | $551.9 | $525.1 |
| Interest expense | -18.9 | -18.8 | -39.2 | -37.6 |
| Non-operating income, net | $5.5 | $11.5 | $13.0 | $25.4 |
| Income before income taxes | $267.3 | $258.9 | $525.7 | $512.9 |
| Income tax expense | -59.9 | -60.1 | -119.0 | -120.0 |
| Net income | $207.4 | $198.8 | $406.7 | $392.9 |
| Other comprehensive loss | $— | $— | -0.3 | -0.2 |
| Comprehensive income | $207.4 | $198.8 | $406.4 | $392.7 |
| Earnings per share: | ||||
| Basic | $2.21 | $2.01 | $4.32 | $3.93 |
| Diluted | $2.21 | $2.01 | $4.31 | $3.93 |
| Shares used to compute earnings per share | ||||
| Basic | $93.8 | $98.9 | $94.2 | $99.9 |
| Diluted | $94.0 | $99.0 | $94.4 | $99.9 |
