Vistance Networks, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 5, 2026, reporting net income of $1,030.6 million for the third quarter and $6,833.7 million for the nine months ended September 30, 2026.

Key Highlights

  • Third-quarter net income: $1,030.6 million, compared to $108.4 million in the same period of 2025, according to the filing.
  • Continuing operations: Net sales from continuing operations were $319.7 million for Q3 2026, down from $337.8 million in Q3 2025.
  • Discontinued operations: Income from discontinued operations, net of income tax expense of $300.9 million, was $975.9 million for Q3 2026.
  • Nine-month divestiture gain: The company reported a gain on disposal of discontinued operations of $8,265.7 million in the nine-month cash flow statement.
  • Debt elimination: Long-term debt stood at $0 as of September 30, 2026, down from $7,260.2 million at December 31, 2025, following repayments of $7,370.8 million during the nine months.
  • Special distribution: Special distributions paid to common stockholders totaled $3,435.2 million during the nine months ended September 30, 2026.
  • Shares outstanding: As of October 22, 2026, there were 203,584,542 shares of common stock outstanding.

Vistance Networks Reports Major Balance Sheet Transformation After Divestitures

According to the filing, Vistance Networks (NASDAQ:VISN) reported net sales from continuing operations of $319.7 million for the three months ended September 30, 2026, compared with $337.8 million for the same period in 2025. Gross profit from continuing operations was $112.4 million in Q3 2026, versus $120.4 million a year earlier. Operating income from continuing operations was $22.9 million for the quarter, a swing from an operating loss of $11.5 million in Q3 2025, driven in part by lower selling, general and administrative expenses of $48.6 million versus $74.8 million in the prior-year period.

The filing disclosed that income from discontinued operations totaled $975.9 million for Q3 2026 and $6,736.3 million for the nine months ended September 30, 2026, net of income tax expense of $300.9 million and $1,474.7 million, respectively. Net proceeds from divestitures were $12,409.8 million during the nine-month period, the company disclosed, which the filing shows funded the full repayment of $7,370.8 million in long-term debt and the $1,278.7 million redemption of Series A convertible preferred stock, as well as the $3,435.2 million special distribution to common stockholders.

The company's balance sheet reflected these transactions materially. Total assets were $2,818.5 million as of September 30, 2026, compared with $9,371.0 million at December 31, 2025, the filing stated. Current and noncurrent assets held for sale, which totaled $5,320.6 million at year-end 2025, were reduced to zero by September 30, 2026. Total stockholders' equity shifted to $2,233.6 million from a deficit of $1,004.1 million at December 31, 2025. Cash and cash equivalents were $683.1 million at September 30, 2026, up from $613.5 million at December 31, 2025. Net cash used in operating activities was $356.9 million for the nine-month period, while net cash generated by investing activities was $12,407.3 million, the filing reported.

What Was Disclosed

Vistance Networks filed its quarterly report covering the period ended September 30, 2026, disclosing financial results from both continuing and discontinued operations, the completion of significant divestitures, full repayment of long-term debt, redemption of preferred stock, and a special distribution to common stockholders.