v3.26.3
Stockholders’ Equity
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Stockholders’ Equity Stockholders’ Equity
Capitalization
The Separation from Comcast was completed on January 2, 2026 through the distribution of 100% of the shares of Versant Class A common stock and Versant Class B common stock to holders of Comcast Class A common stock and Comcast Class B common stock as of the close of business on the record date of December 16, 2025. Comcast’s shareholders of record received one share of Versant Class A common stock or Versant Class B common stock for every 25 shares of Comcast Class A common stock or Class B common stock, respectively, held as of the record date. Immediately following the Separation, holders of Comcast’s common stock prior to the Separation owned 100% of our issued and outstanding shares.
Our Articles of Incorporation were amended and restated following the Separation to provide us with the authority to issue up to 7.5 billion shares of $0.01 par value per share Class A common stock, up to 75 million shares of $0.01 par value per share of Class B common stock, and up to 20 million shares of preferred stock with no par value. The number of votes that each share of Class A common stock has at any given time depends on the number of shares of Class A common stock and Class B common stock then outstanding, with each share of Class B common stock having 15 votes per share, and shareholders of our common stock are entitled to any dividends when and as declared without regard to class. The Class B common stock represents 33 1/3% of the combined voting power of our common stock. On each matter to be voted on, the holders of Class A common stock and Class B common stock will vote together. Each share of Class B common stock is convertible at the option of the holder into one share of Class A common stock.
Dividends
During the nine months ended September 30, 2026, we paid dividends of $106 million. On August 6, 2026, our Board of Directors declared our third quarter dividend of $0.375 per share, paid on October 22, 2026 to shareholders of record as of the close of business on October 1, 2026. On November 3, 2026, our Board of Directors declared our fourth quarter dividend of $0.375 per share, payable on January 25, 2027 to shareholders of record as of the close of business on January 4, 2027.
Share Repurchases
Repurchases of common stock include shares repurchased in open market transactions and under accelerated share repurchase (“ASR”) programs. We executed and settled a $100 million ASR program with financial institutions during each of the second and third quarters of 2026. The ASR programs were accounted for as equity transactions and the number of shares purchased was based on the volume-weighted average share price of our common stock over the term of the respective ASR agreement less a discount.
Accumulated Other Comprehensive Income
Changes in accumulated other comprehensive income (loss) (“AOCI”) by component, net of income taxes, for the nine months ended September 30, 2026 were as follows:
Currency Translation AdjustmentsCash Flow HedgesTotal AOCI
(in millions)
Balance as of December 31, 2025$(7)$— $(7)
Accumulated other comprehensive income before reclasses, net of taxes of $9 million for cash flow hedges
(1)26 24 
Reclasses from accumulated other comprehensive income, net of taxes— (1)(1)
Balance as of September 30, 2026$(8)$24 $16 
Weighted-Average Common Shares Outstanding
Three Months Ended September 30,Nine Months Ended September 30,
2026
2025(a)
2026
2025(a)
(in thousands)
Weighted-average number of common shares outstanding - basic (b)
138,070 144,169 140,819 144,169 
Effect of dilutive securities468 — 363 — 
Weighted-average number of common shares outstanding - diluted (b)
138,538 144,169 141,182 144,169 
Weighted average antidilutive securities957 — 1,349 — 
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(a) For periods prior to the Separation on January 2, 2026, the computation of basic and diluted earnings per share was calculated using shares of Versant common stock outstanding on the date of the Separation.
(b) Includes Class A and Class B common stock.

Diluted earnings per share is calculated using the treasury stock method and includes the impact of unvested share-based compensation awards (see Note 10) to the extent dilutive. Antidilutive securities represent the number of potential common shares related to share-based compensation awards that were excluded from diluted earnings per share because their effect would have been antidilutive.