Verisign(VRSN) - 2025 Q3 - Quarterly Results

Financial Performance - VeriSign reported revenue of $419 million for Q3 2025, a 7.3% increase from Q3 2024[3] - Operating income for Q3 2025 was $284 million, compared to $269 million in Q3 2024[3] - Net income for Q3 2025 was $213 million, with diluted EPS of $2.27, up from net income of $201 million and diluted EPS of $2.07 in Q3 2024[3] - Net income for the nine months ended September 30, 2025, increased to $619.5 million, up from $594.2 million in 2024, reflecting a growth of approximately 4.4%[15] - Net cash provided by operating activities rose to $801.5 million, compared to $671.1 million in the previous year, marking an increase of about 19.4%[15] Cash Flow and Financing - Cash flow from operations was $308 million in Q3 2025, an increase from $253 million in Q3 2024[7] - Cash paid for interest increased to $55.4 million from $49.5 million, indicating a rise of about 10.0%[15] - Net cash used in financing activities decreased to $777.3 million from $951.0 million, showing an improvement of approximately 18.3%[15] - Proceeds from senior note issuance amounted to $493.3 million, contributing to the financing activities[15] - Repurchases of common stock totaled $627.2 million, down from $963.3 million, indicating a reduction of approximately 34.9%[15] - Cash paid for income taxes, net of refunds received, was $169.3 million, compared to $187.1 million in the previous year, reflecting a decrease of about 9.3%[15] - The company reported a net increase in cash, cash equivalents, and restricted cash of $24.9 million for the period[15] Deferred Revenues and Registrations - Deferred revenues as of September 30, 2025, totaled $1.38 billion, up $80 million from year-end 2024[7] - Deferred revenues increased significantly to $80.1 million from $52.9 million, representing a growth of approximately 51.9%[15] - VeriSign ended Q3 2025 with 171.9 million .com and .net domain name registrations, a 1.4% increase from Q3 2024[7] - During Q3 2025, VeriSign processed 10.6 million new domain name registrations for .com and .net, compared to 9.3 million in Q3 2024[7] - The renewal rate for .com and .net domains for Q2 2025 was 75.5%, up from 72.7% in Q2 2024[7] Shareholder Returns - VeriSign repurchased 0.8 million shares for $215 million during Q3 2025, with $1.33 billion remaining for future repurchases[7] - A cash dividend of $0.77 per share was approved, payable on November 25, 2025[7]