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Versigent PLC

versigent.com

Versigent PLC (NYSE: VGNT) is an automotive components company that designs, develops, and manufactures low voltage and high voltage electrical architectures for vehicles. Revenue is transactional, generated by supplying optimized vehicle architecture solutions to original equipment manufacturers (OEMs) that produce software-defined, electrified, and feature-rich vehicles. Versigent was spun off from Aptiv PLC on April 1, 2026, when Aptiv distributed all Versigent ordinary shares to Aptiv shareholders, separating Aptiv's Electrical Distribution Systems business into a standalone public company. The company employs approximately 8,000 scientists, engineers, and technicians across six technical centers in China, Germany, Mexico, Poland, and the United States (as of the 10-Q filed 2026-05-05). Total research and development investment, including engineering, was approximately $332 million for the year ended December 31, 2025, of which approximately $58 million was co-invested by customers and government agencies.

Products & Services

Low voltage (LV) and high voltage (HV) electrical architectures for vehicles. Products support software-defined, electrified, and feature-rich vehicle platforms.

Revenue Model

Transactional revenue from the sale of electrical architecture components and systems to automotive OEMs. Versigent recovers engineering and development costs over time by embedding them in component pricing. Customers and government agencies co-invest approximately 15% to 20% of annual engineering expenses (year ended December 31, 2025).

Customers & Markets

Primary customers are automotive OEMs manufacturing passenger and commercial vehicles. End market demand is tied to global automotive production volumes, vehicle electrification trends, and the shift toward software-defined vehicles.

Geographic Exposure

Global operations with manufacturing and technical centers in China, Germany, Mexico, Poland, and the United States. Products are manufactured in China and Mexico, among other locations. Operations are also present in Ukraine. Subject to USMCA trade framework and exposed to tariff and trade policy risk across North America, Europe, and Asia Pacific.

Financial Snapshot

Revenue
TTM
$13.47B
Gross Margin
TTM
12.12%
Net Income
TTM
$724.0M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
139.81%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$284.0M
Cash
2026 Q2
P/E
TTM
4.436
Free Cash Flow
Last 4 Quarters
N/A

Stock Price

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Market Cap: $3.2118 Billion

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