VeriSign Inc. Files Annual Report on Form 10-K for Fiscal Year Ended December 31, 2023

TL;DR

<b>VeriSign Inc. has submitted its 2023 annual report on Form 10-K, detailing its financial performance and operational status for the fiscal year ending December 31, 2023.</b>

AI Summary

VERISIGN INC/CA (VRSN) filed a Annual Report (10-K) with the SEC on February 15, 2024. VeriSign Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's fiscal year ends on December 31st. VeriSign Inc. is incorporated in Delaware. The company's business and mailing address is located at 12061 Bluemont Way, Reston, VA 20190.

Why It Matters

For investors and stakeholders tracking VERISIGN INC/CA, this filing contains several important signals. This filing provides a comprehensive overview of VeriSign's financial health, operational activities, and strategic direction for the past fiscal year, which is crucial for investors to assess the company's performance and future prospects. As a key player in domain name system services, VeriSign's annual report offers insights into the stability and growth of the internet infrastructure sector, impacting related technology companies and digital services.

Risk Assessment

Risk Level: medium — VERISIGN INC/CA shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine disclosure for public companies. However, the nature of VeriSign's business, which is critical to internet infrastructure, carries inherent market and operational risks that are detailed within the report.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to understand VeriSign's performance and the competitive landscape of domain name services.

Key Numbers

• 2023-12-31 — Fiscal Year End (Fiscal year end date)
• 2024-02-15 — Filing Date (Date the 10-K was filed)
• 000-23593 — SEC File Number (SEC file number for VeriSign Inc.)
• DE — State of Incorporation (State where VeriSign Inc. is incorporated)

Key Players & Entities

• VERISIGN INC/CA (company) — Filer name
• 2023-12-31 (date) — Conformed period of report
• 2024-02-15 (date) — Filed as of date
• 12061 BLUEMONT WAY (address) — Business address street 1
• RESTON (location) — Business address city
• VA (location) — Business address state
• 20190 (postal_code) — Business address zip
• 7039483200 (phone_number) — Business phone

FAQ

Industry Context

VeriSign operates in the domain name system (DNS) and internet infrastructure services sector, providing critical services for the global internet.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information to investors.

What Investors Should Do

1. Analyze VeriSign's revenue streams and growth drivers for its domain name registration and related services.
2. Assess the company's operational efficiency and any disclosed capital expenditures or investments.
3. Review the risk factors section for potential threats to VeriSign's business model and market position.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K filing.
• 2024-02-15: Filing Date — Date VeriSign Inc. submitted its 10-K to the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year 2023. Comparative data from previous years will be available within the detailed financial statements.

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share VRSN Nasdaq Global
• $0.25 — ions, we pay ICANN on a quarterly basis $0.25 for each annual domain name registratio
• $0.75 — name registrations, we remit to ICANN a $0.75 fee per annual . net domain name regist

Filing Documents

• vrsn-20231231.htm (10-K) — 1280KB
• vrsn-20231231x10kxex1010.htm (EX-10.10) — 44KB
• vrsn-20231231x10kxex2101.htm (EX-21.01) — 9KB
• vrsn-20231231x10kxex2301.htm (EX-23.01) — 3KB
• vrsn-20231231x10kxex3101.htm (EX-31.01) — 10KB
• vrsn-20231231x10kxex3102.htm (EX-31.02) — 10KB
• vrsn-20231231x10kxex3201.htm (EX-32.01) — 5KB
• vrsn-20231231x10kxex3202.htm (EX-32.02) — 5KB
• vrsn-20231231x10kxex97.htm (EX-97) — 34KB
• vrsn-20231231_g1.jpg (GRAPHIC) — 114KB
• 0001014473-24-000006.txt (&nbsp;) — 7043KB
• vrsn-20231231.xsd (EX-101.SCH) — 53KB
• vrsn-20231231_cal.xml (EX-101.CAL) — 82KB
• vrsn-20231231_def.xml (EX-101.DEF) — 227KB
• vrsn-20231231_lab.xml (EX-101.LAB) — 648KB
• vrsn-20231231_pre.xml (EX-101.PRE) — 427KB
• vrsn-20231231_htm.xml (XML) — 830KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 10 Item 1B. Unresolved Staff Comments 19 Item 1C . Cybersecurity 19 Item 2.

Properties

Properties 20 Item 3.

Legal Proceedings

Legal Proceedings 20 Item 4. Mine Safety Disclosures 21 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 22 Item 6. [Reserved] 23 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 30 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 32 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 54 Item 9A.

Controls and Procedures

Controls and Procedures 54 Item 9B. Other Information 55 Item 9C . Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 55 PART III Item 10. Directors, Executive Officers and Corporate Governance 56 Item 11.

Executive Compensation

Executive Compensation 56 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 56 Item 13. Certain Relationships and Related Transactions, and Director Independence 56 Item 14. Principal Accountant Fees and Services 56 PART IV Item 15. Exhibits, Financial Statement Schedules 57 Item 16. 10-K Summary 59

Signatures

Signatures 60 2 Table of Contents For purposes of this Annual Report on Form 10-K (this "Form 10-K"), the terms "Verisign", "the Company", "we", "us", and "our" refer to VeriSign, Inc. and its consolidated subsidiaries. PART I

BUSINESS

ITEM 1. BUSINESS Overview We are a global provider of critical internet infrastructure and domain name registry services, enabling internet navigation for many of the world's most recognized domain names. We help enable the security, stability, and resiliency of the Domain Name System ("DNS") and the internet by providing Root Zone Maintainer services, operating two of the thirteen global internet root servers, and providing registration services and authoritative resolution for the . com and . net top-level domains ("TLDs"), which support the majority of global e-commerce. We were incorporated in Delaware on April 12, 1995. Our principal executive offices are located at 12061 Bluemont Way, Reston, Virginia 20190. Our telephone number at that address is (703) 948-3200. Our common stock is traded on the Nasdaq Global Select Market under the ticker symbol VRSN. VERISIGN, the VERISIGN logo, and certain other product or service names are registered or unregistered trademarks in the U.S. and other countries. Other names used in this Form 10-K may be trademarks of their respective owners. Our primary website is https://www.verisign.com . The information available on, or accessible through, this website is not incorporated in this Form 10-K by reference. Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are available, free of charge, on the Investor Relations section of our website as soon as is reasonably practicable after filing such reports with the Securities and Exchange Commission (the "SEC"). The SEC maintains an internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC at https://www.sec.gov . Pursuant to our agreements with the Internet Corporation for Assigned Names an

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