Vistance Networks Posts 23.9% Q4 Sales Growth to $514.5m, Core EBITDA Up 55%
Vistance Networks reported Q4 net sales of $514.5 million, up 23.9% year-over-year, with core non-GAAP adjusted EBITDA of $99.1 million, a 55% increase. Full year 2025 net sales rose 39.7% to $1.93 billion, core EBITDA jumped 176% to $379.4 million, and free cash flow reached $252.6 million.
1. Fourth Quarter 2025 Results
Vistance Networks recorded Q4 net sales of $514.5 million, a 23.9% increase versus prior year, alongside a GAAP loss from continuing operations of $50.3 million, or $0.31 per share. The company generated non-GAAP adjusted EBITDA of $64.7 million and core non-GAAP adjusted EBITDA of $99.1 million, while cash flow from operations reached $281.3 million and free cash flow totaled $255.5 million.
2. Full Year 2025 Performance
For the full year, net sales climbed 39.7% to $1.93 billion, and GAAP income from continuing operations was $324.3 million, or $1.11 per share. Non-GAAP adjusted EBITDA totaled $292.0 million, core non-GAAP adjusted EBITDA was $379.4 million, and free cash flow for 2025 amounted to $252.6 million.
3. Liquidity Position and 2026 Outlook
The company ended 2025 with $923 million in cash and $584 million available under its asset-based revolving credit facility. Management set 2026 core adjusted EBITDA guidance between $350 million and $400 million, reflecting continued strategic execution in its RUCKUS and Aurora segments.