VIP on Nasdaq

VimpelCom

Logo: ПАО «Вымпелком», Public domain, via Wikimedia Commons⁴

Russian telecommunications company founded in 1992

PJSC VimpelCom (Russian: ПАО «ВымпелКом» or full name Russian: ПАО «Вымпел-Коммуникации», PAO «Vympel-Kommunikatsii») is a Russian telecommunications company started in 1992 when its co-founders, Dr. Dmitry Zimin and Augie K. Fabela II came together to pioneer the Russian mobile industry.³ From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$58.8MRevenue, fiscal 2025⁵

$5.3MNet income, fiscal 2025⁵

Sep 15, 1992Founded¹

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TickerVIP on Nasdaq¹
Industrytelecommunications industry¹
HeadquartersMoscow¹
Founded inMoscow¹
Websiteabout.beeline.ru
Legal formclosed joint-stock company, open joint-stock company¹
Incorporated inDE⁶
Business address1159 Pittsford-Victor Road, Suite 240, Pittsford, Ny 14534⁶
Filer category, Emerging growth company⁶

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-6.5%Operating margin⁵

9.0%Net margin⁵

-1.3%Revenue growth, 2025⁵

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Power And Capacity brought in 38% of the revenue VimpelCom broke down this way in fiscal 2025.

Power And Capacity$22.1M⁵38%up 108% from 2024
Datacenter Hosting$21.5M⁵37%down 28% from 2024
Cryptocurrency Mining$15.2M⁵26%down 20% from 2024

Products and services by year

Products and services	2024	2025
Power And Capacity	$10.6M	$22.1M
Datacenter Hosting	$29.8M	$21.5M
Cryptocurrency Mining	$19.1M	$15.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Selling, general and adminOther costs

Selling, general and admin21¢$12.5M
Other costs69¢$40.5M
Income tax1¢$479.0K
Profit9¢$5.3M

Out of $58.8M in revenue.⁵

Financial statements

Revenue⁸⁹¹⁰¹¹⁵$58.8M in 2025+192% since 2020

Operating income⁸⁹¹⁰¹¹⁵-$3.8M in 2025+44% since 2020

Net income⁸¹⁰¹¹⁵$5.3M in 2025

Every line of the income statement in the latest annual report, as filed.⁵

Period ending	2025-12-31	2024-12-31
Total revenue	$58.8M	$59.5M
Depreciation	$11.8M	$13.5M
Selling, general and administrative	$12.5M	$17.3M
Loss (gain) on digital assets	$21.0K	-$2.2M
(Gain) loss on sale of assets	-$11.5M	$641.0K
Impairment of long-lived assets	$0	$169.0K
Gain on insurance proceeds	-$399.0K	$0
Remeasurement of environmental liability	$350.0K	$453.0K
Total operating costs and expenses	$62.6M	$71.0M
Operating Loss	-$3.8M	-$11.4M
Interest expense, net	-$4.0M	-$7.1M
Change in fair value of warrant asset	$0	-$477.0K
Impairment of equity securities	$0	-$869.0K
Gain on troubled debt restructuring	$11.9M	$0
Gain on extinguishment of debt	$406.0K	$0
Loss on liquidation of subsidiary	-$348.0K	$0
Gain on non-refundable deposit	$400.0K	$0
Gain on settlement of related party liability	$224.0K	$0
Other income, net	$91.0K	$23.0K
Total other income (expense), net	$8.6M	-$8.4M
Income (loss) before taxes	$4.8M	-$19.9M
Benefit from income taxes	-$479.0K	-$69.0K
Net income (loss)	$5.3M	-$19.8M
Foreign currency translation adjustment	$0	-$3.0K
Reclassification of foreign currency translation adjustment realized upon liquidation of foreign subsidiary	$348.0K	$0
Comprehensive income (loss)	$5.6M	-$19.8M
Basic (in dollars per share)	$0.35	-$1.88
Diluted (in dollars per share)	$0.34	-$1.88
Basic (in shares)	15.2M shares	10.5M shares
Diluted (in shares)	15.3M shares	10.5M shares

Total assets⁸⁹¹⁰¹¹⁵$53.6M in 2025−17% since 2020

Total liabilities⁸⁹¹⁰¹¹⁵$99.9M in 2025+394% since 2020

Shareholders’ equity⁸⁹¹⁰¹¹⁵-$46.3M in 2025

Cash⁸⁹⁵$19.6M in 2025+67% since 2019

Long-term debt¹¹⁵$43.1M in 2025−37% since 2023

Every line of the balance sheet in the latest annual report, as filed.⁵

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$19.6M	$8.6M
Digital assets	$6.5M	$7.0M
Accounts receivable	$2.0M	$1.5M
Prepaid expenses and current other assets	$1.5M	$2.6M
Emissions and carbon offset credits	$4.7M	$7.1M
Income tax receivable	$512.0K	$0
Total current assets	$34.8M	$26.8M
Property and equipment, net	$15.7M	$30.3M
Other long-term assets	$2.2M	$569.0K
Long-term assets held for sale	$900.0K	$7.2M
Total assets	$53.6M	$64.9M
Accounts payable	$1.9M	$3.9M
Accrued emissions expense	$15.3M	$8.7M
Accrued expenses	$3.3M	$4.2M
Short-term environmental liability	$0	$250.0K
Current portion of long term debt	$40.0M	$0
Contract liability	$2.3M	$2.3M
Related party payable	$164.0K	$0
Total current liabilities	$63.0M	$19.3M
Long-term debt, net of current portion	$3.1M	$68.1M
Environmental liabilities	$31.0M	$30.4M
Other long-term liabilities	$2.7M	$2.8M
Total liabilities	$99.9M	$120.6M
Preferred stock, par value $0.0001, 20,000,000 shares authorized, none outstanding	$0	$0
Common stock, par value $0.0001, 500,000,000 shares authorized, 15,801,997 and 13,025,627 shares issued and outstanding as of December 31, 2025 and 2024, respectively	$2.0K	$1.0K
Cumulative translation adjustment	$0	-$348.0K
Additional paid-in capital	$338.1M	$334.3M
Accumulated deficit	-$384.5M	-$389.7M
Total stockholders' deficit	-$46.3M	-$55.8M	-$51.0M
Total liabilities and stockholders' deficit	$53.6M	$64.9M
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, authorized (in shares)	20.0M shares	20.0M shares
Preferred stock, outstanding (in shares)	0 shares	0 shares
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, authorized (in shares)	500.0M shares	500.0M shares
Common stock, issued (in shares)	15.8M shares	13.0M shares
Common stock, outstanding (in shares)	15.8M shares	13.0M shares

Cash from operations⁸⁵-$15.0M in 2025

Every line of the cash flow in the latest annual report, as filed.⁵

Period ending	2025-12-31	2024-12-31
Net income (loss)	$5.3M	-$19.8M
Depreciation	$11.8M	$13.5M
Change in fair value of warrant asset	$0	$477.0K
Impairment of long-lived assets	$0	$169.0K
Impairment of equity securities	$0	$869.0K
Amortization of debt (premium) discount and issuance costs	-$738.0K	$974.0K
Gain on debt extinguishment	-$406.0K	$0
Stock-based compensation expense	$760.0K	$2.2M
Remeasurement of environmental liability	$350.0K	$453.0K
Gain on troubled debt restructuring	-$11.9M	$0
(Gain) loss on sale of assets	-$11.5M	$641.0K
Revenues from digital assets production	-$15.2M	-$19.1M
Proceeds from sale of digital assets	$0	$11.1M
Loss (gain) on digital assets	$21.0K	-$2.2M
Gain on settlement of related party liability	-$224.0K	$0
Gain on insurance proceeds	-$399.0K	$0
Loss on liquidation of subsidiary	$348.0K	$0
Accounts receivable	-$461.0K	-$1.1M
Emissions and carbon offset credits	$2.4M	-$1.4M
Prepaid expenses and other assets	$802.0K	$770.0K
Accounts payable	-$1.8M	$1.1M
Accrued emissions expense	$6.6M	-$1.9M
Accrued expenses	-$832.0K	-$1.8M
Income tax receivable	-$512.0K	$857.0K
Contract liabilities	-$19.0K	$2.3M
Related party payables	$2.0M	$0
Other	-$1.3M	-$192.0K
Net cash flow used for operating activities	-$15.0M	-$12.0M
Purchases of and deposits for property and equipment	-$2.5M	-$10.4M
Proceeds from sale of digital assets	$15.7M	$3.5M
Proceeds from insurance claim	$399.0K	$0
Proceeds from sales of assets	$22.9M	$3.0M
Net cash flow provided by (used for) investing activities	$36.6M	-$3.9M
Repurchases of Senior Notes	-$742.0K	$0
Proceeds from issuance of common stock, net of issuance costs	$0	$5.2M
Proceeds from issuance of common stock and pre-funded warrants	$0	$6.0M
Principal payments on debt	-$9.9M	$0
Net cash flow provided by (used for) financing activities	-$10.6M	$11.2M
CHANGE IN CASH AND CASH EQUIVALENTS	$11.0M	-$4.7M

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The story

Founded by Augie K Fabela and Dmitry Zimin on Sep 15, 1992, in Moscow.¹

The company was founded in 1992 in Moscow, Russia and initially operated AMPS/D-AMPS network in Moscow and Moscow Oblast.

The brand "Beeline" was created in 1993.

PJSC VimpelCom also acquired companies such as Russia-On-Line in 1999, Cityline and EDN Sovintel in 2001, and Corbina Telecom in 2006. It had also acquired Global TeleSystems (GTS), SovAm Teleport, GlasNet, SLTMobitel, E-Mobile, and Orascom Telecom Holding S.A.E.

In 1996 OJSC VimpelCom became the first Russian company listed on the New York Stock Exchange (NYSE: VIP).

In 1997 the company began GSM network roll-out and in 2001 it started GSM networks throughout Russia's regions.

On February 29, 2008 OJSC VimpelCom completed a merger with Golden Telecom. In October 2008 OJSC VimpelCom acquired a 49.9% stake in Euroset, the largest mobile retailer in Russia and the CIS.

In 2010 the ticker “VIP” was transferred to VimpelCom Ltd. holding. In February 2017, VimpelCom renamed itself VEON, after the messaging platform that it had developed.

On April 14, 2005, the company decreased its net income in 2002 and 2003 as a result of this restatement: 2002 - $2.8 million or 2.2%, 2003 - $5.2 million or 2.2%.

Read the full text

On November 24, 2022, VEON announced that it had entered into an agreement to sell its Russian subsidiary PJSC VimpelCom to the subsidiary's local management team. PJSC VimpelCom was valued at approximately $6.1 billion under the agreement.

From Wikipedia’s article on PJSC VimpelCom, shared under CC BY-SA 4.0.⁷

Leadership

Who has led VimpelCom, and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

1995200020052010201520202025

FounderAugie K Fabela¹
FounderDmitry Zimin¹
Chief executive officerSergei Anokhin Sep 2, 2024 to now¹
Chief executive officerAlexandr Torbakhov Apr 6, 2020 to Sep 1, 2024¹
Chief executive officerAnton Kudryashov Jan 16, 2012 to Sep 4, 2013¹
Chief executive officerBoris Nemšić Apr 3, 2009 to Jun 10, 2010¹
Chief executive officerAlexander Izosimov Oct 1, 2003 to Apr 2, 2009¹
Chief executive officerJo Lunder Apr 2001 to Oct 1, 2003¹
ChairAlexey M. Reznikovich Jun 2008 to now¹
ChairJo Lunder Oct 1, 2003 to Jun 2005¹

Products and brands

Beeline
Smart MVNO
mobile telephony

Listed on Wikidata.¹

Subsidiaries and ownership

Parent company

Kopernik-Invest 3

Owners

VEON 100%
Kopernik-Invest 3 100%
Alexandr Torbakhov

Subsidiaries

First ORD
Golden Telecom
Hive
KaR-Tel
VimpelCom-Information Technology
Voca-Tech
ArmenTel since Nov 16, 2006
Beeline
DataFort since Dec 23, 2021
CDNvideo since Aug 30, 2023
Callibri since Nov 22, 2023
Spectrum since Apr 24, 2025

Also owns

KPL 30% since Jul 26, 2024
PlatformCraft 13.2%
Euroset

Former owners and parents

VEON Apr 21, 2010 to Oct 9, 2023

From Wikidata.¹

Acquisitions

Apr 24, 2025Acquired Spectrum¹
Jul 26, 2024Acquired KPL¹
Nov 22, 2023Acquired Callibri¹
Aug 30, 2023Acquired CDNvideo¹
Dec 23, 2021Acquired DataFort¹
Feb 28, 2008Golden Telecom became a subsidiary¹
Nov 2006Acquired ArmenTel¹

Employees over time

202528,500¹

Former names

Greenidge Generation Holdings Inc.Feb 10, 2021 to Jul 9, 2026⁶
OJSC VimpelComJul 28, 1993 to 2015¹

Timeline

Sep 2, 2024New chief executive Sergei Anokhin becomes CEO¹
Apr 6, 2020New chief executive Alexandr Torbakhov becomes CEO¹
2015Renamed Name changed to PJSC VimpelCom¹
Jan 16, 2012New chief executive Anton Kudryashov becomes CEO¹
Apr 21, 2010Acquired Acquired by VEON¹
Apr 3, 2009New chief executive Boris Nemšić becomes CEO¹
Oct 1, 2003New chief executive Alexander Izosimov becomes CEO¹
Apr 2001New chief executive Jo Lunder becomes CEO¹
Nov 15, 1996Went public Listed on NYSE¹
Sep 15, 1992Founded Founded in Moscow¹

Recent filings

Oct 13, 202625-NSE
Oct 13, 20268-K
Oct 9, 20264
Oct 5, 20268-K
Sep 29, 20268-K
Sep 24, 2026D
Sep 21, 20264/A
Sep 17, 2026SCHEDULE 13D
Sep 16, 2026SCHEDULE 13D
Sep 14, 20264
Sep 14, 20264
Sep 14, 20264
Sep 14, 20263
Sep 14, 20263
Sep 14, 20263

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataVimpelCom on Wikidata
2
SEC EDGARVimpelCom filings on SEC EDGAR
3
WikipediaVimpelCom on Wikipedia
4
Wikimedia CommonsVimpelCom logo by ПАО «Вымпелком», Public domain
5
SEC EDGARVimpelCom 10-K for fiscal 2025
6
SEC EDGARVimpelCom filings on SEC EDGAR
7
WikipediaVimpelCom on Wikipedia (revision used)
8
SEC EDGARVimpelCom 10-K for fiscal 2020
9
SEC EDGARVimpelCom 10-K for fiscal 2021
10
SEC EDGARVimpelCom 10-K for fiscal 2022
11
SEC EDGARVimpelCom 10-K for fiscal 2023
12
SEC EDGARVimpelCom 10-Q for fiscal 2025
13
SEC EDGARVimpelCom 10-Q for fiscal 2025
14
SEC EDGARVimpelCom 10-Q for fiscal 2026
15
SEC EDGARVimpelCom 10-Q for fiscal 2025