Verint Systems Inc. (VRNT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
225 BROADHOLLOW ROAD MELVILLE, NY 11747 |
| State of Incorp. | DE |
| Fiscal Year End | January 31 |
| Industry (SIC) | 7373 - Computer Integrated Systems Design (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 10/31/2024 MRQ | 1/31/2024 | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | 1/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 242,086 | 282,796 | 359,570 | 714,856 | 399,361 | 402,304 | |||
| Cash and cash equivalents | 241,400 | 282,099 | 358,805 | 663,843 | 379,146 | 369,975 | |||
| Short-term investments | 686 | 697 | 765 | 51,013 | 20,215 | 32,329 | |||
| Restricted cash and investments | 6 | 27,057 | 43,860 | 42,262 | |||||
| Receivables | 190,461 | 188,414 | 193,831 | 381,158 | 382,435 | 375,663 | |||
| Inventory, net of allowances, customer advances and progress billings | 14,209 | 12,628 | 5,337 | 20,083 | 20,495 | 24,952 | |||
| Inventory | 14,209 | 12,628 | 5,337 | 20,083 | 20,495 | 24,952 | |||
| Prepaid expense | 25,718 | 24,364 | 22,639 | ||||||
| Contract with customer, asset, after allowance for credit loss | 66,913 | 60,444 | 42,688 | 57,033 | 64,961 | ||||
| Capitalized contract cost | 3,423 | ||||||||
| Deferred costs | 10,302 | ||||||||
| Other current assets | 25,614 | 27,257 | 31,107 | ||||||
| Other undisclosed current assets | 4,750 | 23,753 | 77,555 | 87,946 | 150,863 | ||||
| Total current assets: | 573,174 | 619,656 | 655,178 | 1,277,742 | 999,058 | 1,006,346 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 14,400 | ✕ | |||||||
| Operating lease, right-of-use asset | 30,118 | 37,649 | 35,433 | 88,889 | 102,149 | ✕ | |||
| Property, plant and equipment | 106,242 | 116,111 | 100,134 | ||||||
| Long-term investments and receivables | 3,800 | ||||||||
| Long-term investments | 3,800 | ||||||||
| Intangible assets, net (including goodwill) | 1,410,181 | 1,432,485 | 1,471,675 | 1,634,633 | 1,666,975 | 1,642,664 | |||
| Goodwill | 1,352,715 | 1,347,213 | 1,353,421 | 1,485,590 | 1,469,211 | 1,417,481 | |||
| Intangible assets, net (excluding goodwill) | 57,466 | 85,272 | 118,254 | 149,043 | 197,764 | 225,183 | |||
| Contract with customer, asset, after allowance for credit loss | |||||||||
| Regulated entity, other noncurrent assets | 2,800 | ||||||||
| Restricted cash and investments | 23,193 | ||||||||
| Deferred costs | 4,630 | ||||||||
| Deferred income tax assets | 25,697 | 10,719 | 8,091 | 14,489 | ✕ | ||||
| Other noncurrent assets | 139,550 | 148,282 | 126,638 | 139,300 | 117,963 | 78,871 | |||
| Other undisclosed noncurrent assets | 47,704 | 64,810 | 49,690 | 13,802 | 4,589 | ||||
| Total noncurrent assets: | 1,653,250 | 1,693,945 | 1,705,927 | 1,983,553 | 2,017,000 | 1,860,681 | |||
| TOTAL ASSETS: | 2,226,424 | 2,313,601 | 2,361,105 | 3,261,295 | 3,016,058 | 2,867,027 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 163,734 | 199,575 | 208,195 | 388,681 | 301,302 | 280,102 | |||
| Accounts payable | 26,301 | 43,631 | 39,501 | 76,975 | 71,604 | 71,621 | |||
| Accrued liabilities | 137,433 | 155,944 | 168,694 | 311,706 | 229,698 | 208,481 | |||
| Deferred revenue | 254,437 | 271,476 | 271,271 | 388,045 | 397,350 | ✕ | |||
| Debt | 386,713 | 4,250 | 4,343 | ||||||
| Other undisclosed current liabilities | 377,376 | ||||||||
| Total current liabilities: | 418,171 | 471,051 | 479,466 | 1,163,439 | 702,902 | 661,821 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 410,965 | 408,908 | 435,411 | 482,667 | 923,170 | 777,785 | |||
| Long-term debt, excluding current maturities | 410,965 | 408,908 | 406,954 | 402,781 | 832,798 | 777,785 | |||
| Liabilities, other than long-term debt | 128,301 | 139,172 | 55,328 | 127,156 | 107,720 | 136,523 | |||
| Deferred revenue | 10,581 | 18,047 | 15,872 | 38,539 | 40,565 | ✕ | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 43,171 | ||
| Deferred income tax liabilities | 9,555 | 11,749 | 17,460 | 36,976 | ✕ | ||||
| Other liabilities | 76,065 | 68,632 | 21,996 | 51,641 | 67,155 | 93,352 | |||
| Operating lease, liability | 32,100 | 40,744 | 28,457 | 79,886 | 90,372 | ✕ | |||
| Other undisclosed noncurrent liabilities | 39,829 | 30,094 | |||||||
| Total noncurrent liabilities: | 539,266 | 548,080 | 490,739 | 609,823 | 1,070,719 | 944,402 | |||
| Total liabilities: | 957,437 | 1,019,131 | 970,205 | 1,773,262 | 1,773,621 | 1,606,223 | |||
| Temporary equity, carrying amount | 436,321 | 436,321 | 436,321 | 205,469 | |||||
| Equity | |||||||||
| Equity, attributable to parent | 830,049 | 855,790 | 952,194 | 1,267,437 | 1,229,368 | 1,249,236 | |||
| Common stock | 63 | 65 | 66 | 70 | 68 | 67 | |||
| Treasury stock, value | (208,124) | (174,134) | (57,598) | ||||||
| Additional paid in capital | 979,671 | 1,055,157 | 1,125,152 | 1,726,166 | 1,660,889 | 1,586,266 | |||
| Accumulated other comprehensive loss | (142,962) | (154,099) | (118,515) | (136,878) | (151,865) | (145,225) | |||
| Retained earnings (accumulated deficit) | (6,723) | (45,333) | (54,509) | (113,797) | (105,590) | (134,274) | |||
| Equity, attributable to noncontrolling interest | 2,617 | 2,359 | 2,385 | 15,127 | 13,069 | 11,568 | |||
| Total equity: | 832,666 | 858,149 | 954,579 | 1,282,564 | 1,242,437 | 1,260,804 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,226,424 | 2,313,601 | 2,361,105 | 3,261,295 | 3,016,058 | 2,867,027 | |||
Income Statement (P&L) ($ in thousands)
| 10/31/2024 TTM | 1/31/2024 | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | 1/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 910,387 | 902,245 | 874,509 | 1,273,705 | 1,303,634 | 1,229,747 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,229,747 | |
| Cost of revenue | (277,112) | (295,068) | (298,572) | (415,594) | (463,766) | (449,213) | ||
| Cost of goods and services sold | (423,810) | |||||||
| Gross profit: | 633,275 | 607,177 | 575,937 | 858,111 | 839,868 | 780,534 | ||
| Operating expenses | (565,090) | (549,821) | (529,094) | (749,406) | (752,012) | (666,299) | ||
| Operating income: | 68,185 | 57,356 | 46,843 | 108,705 | 87,856 | 114,235 | ||
| Nonoperating expense | (6,913) | (2,594) | (7,339) | (92,482) | (34,553) | (36,473) | ||
| Investment income, nonoperating | 6,944 | 3,301 | 233 | 2,808 | 5,620 | 4,777 | ||
| Other nonoperating income (expense) | (3,523) | 1,982 | 5,227 | (55,315) | 205 | (3,906) | ||
| Interest and debt expense | (237) | (7,877) | (2,474) | (39,975) | (40,378) | (37,344) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 39,975 | 40,378 | 37,344 | |||||
| Income from continuing operations before equity method investments, income taxes: | 61,035 | 46,885 | 37,030 | 16,223 | 53,303 | 77,762 | ||
| Other undisclosed income from continuing operations before income taxes | 237 | 7,877 | 2,474 | |||||
| Income from continuing operations before income taxes: | 61,272 | 54,762 | 39,504 | 16,223 | 53,303 | 77,762 | ||
| Income tax expense | (21,638) | (39,103) | (23,853) | (16,330) | (17,620) | (7,542) | ||
| Income (loss) from continuing operations: | 39,634 | 15,659 | 15,651 | (107) | 35,683 | 70,220 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 15,651 | (107) | 35,683 | 70,220 | |
| Net income (loss): | 39,634 | 15,659 | 15,651 | (107) | 35,683 | 70,220 | ||
| Net loss attributable to noncontrolling interest | (1,024) | (7,160) | (6,999) | (4,229) | ||||
| Other undisclosed net loss attributable to parent | (761) | (1,238) | ||||||
| Net income (loss) attributable to parent: | 38,610 | 14,898 | 14,413 | (7,267) | 28,684 | 65,991 | ||
| Preferred stock dividends and other adjustments | (20,800) | (20,800) | (18,922) | (7,656) | ||||
| Net income (loss) available to common stockholders, diluted: | 17,810 | (5,902) | (4,509) | (14,923) | 28,684 | 65,991 | ||
Comprehensive Income ($ in thousands)
| 10/31/2024 TTM | 1/31/2024 | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | 1/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 39,634 | 15,659 | 15,651 | (107) | 35,683 | 70,220 | ||
| Other comprehensive income (loss) | 11,137 | (35,584) | 18,363 | 15,299 | (6,650) | (41,821) | ||
| Comprehensive income (loss): | 50,771 | (19,925) | 34,014 | 15,192 | 29,033 | 28,399 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1,024) | (761) | (1,238) | (7,472) | (6,989) | (4,173) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 49,747 | (20,686) | 32,776 | 7,720 | 22,044 | 24,226 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.