NASDAQ : VSAT
Viasat, Inc. — Financial statements
Technology · Communication Equipment · United States
Last price 77.99 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 10.74B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Viasat, Inc. (VSAT) reported revenue of 4.63B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 4.63B | 4.64B | 4.52B | 4.28B | 2.56B | 2.42B |
| Cost of Revenue | 3.09B | 3.11B | 3.03B | 2.90B | 1.83B | 1.71B |
| Gross Profit | 1.54B | 1.53B | 1.49B | 1.38B | 721.40M | 705.90M |
| Selling, General & Admin | 997.34M | 999.48M | 1.01B | 980.45M | 659.13M | 607.34M |
| Research & Development | 176.21M | 164.91M | 142.39M | 150.65M | 128.92M | 149.47M |
| Amortization of Goodwill & Intangibles | 259.99M | 260.71M | 263.93M | 227.16M | 29.81M | 28.73M |
| Operating Expenses | 1.43B | 1.43B | 1.42B | 1.36B | 817.86M | 785.54M |
| Operating Income | 103.09M | 108.12M | 71.92M | 23.39M | -96.46M | -79.64M |
| Interest Expense | -342.20M | -360.25M | -421.94M | -400.40M | -26.81M | -29.39M |
| Interest & Investment Income | 206.95M | 205.85M | 83.92M | 96.26M | 19.51M | 504.00K |
| Earnings From Equity Investments | 11.84M | 15.35M | 13.23M | 6.97M | -66.00K | -281.00K |
| Other Non Operating Income (Expenses) | -192.00K | -5.05M | -9.98M | 1.10M | 4.12M | |
| EBT Excluding Unusual Items | -20.50M | -35.98M | -262.85M | -273.77M | -102.72M | -104.69M |
| Merger & Restructuring Charges | 5.67M | -169.40M | -31.30M | -40.40M | -33.50M | |
| Gain (Loss) on Sale of Investments | 168.06M | 168.06M | ||||
| Asset Writedown | -1.67B | -19.10M | ||||
| Other Unusual Items | -11.65M | -11.94M | -99.81M | 18.10M | ||
| Pretax Income | 141.58M | 120.15M | -532.07M | -1.19B | -162.22M | -138.19M |
| Income Tax Expense | 132.72M | 116.22M | -941.00K | -139.47M | 49.42M | -36.52M |
| Earnings From Continuing Operations | 8.86M | 3.93M | -531.12M | -1.05B | -211.64M | -101.67M |
| Earnings From Discontinued Operations | -10.42M | 1.30B | 99.19M | |||
| Net Income to Company | 8.86M | 3.93M | -531.12M | -1.06B | 1.09B | -2.48M |
| Minority Interest in Earnings | -38.25M | -38.01M | -43.84M | -10.98M | -5.94M | -13.05M |
| Net Income | -29.39M | -34.09M | -574.96M | -1.07B | 1.08B | -15.53M |
| Net Income to Common | -29.39M | -34.09M | -574.96M | -1.07B | 1.08B | -15.53M |
| Shares Outstanding (Basic) | 136.13M | 134.74M | 128.48M | 117.19M | 75.92M | 73.40M |
| Shares Outstanding (Diluted) | 136.13M | 134.74M | 128.48M | 117.19M | 75.92M | 73.40M |
| EPS (Basic) | -0.22 | -0.25 | -4.48 | -9.12 | 14.29 | -0.21 |
| EPS (Diluted) | -0.22 | -0.25 | -4.48 | -9.12 | 14.29 | -0.21 |
| Free Cash Flow | 578.29M | 597.11M | -122.00M | -851.19M | -796.46M | -484.67M |
| Free Cash Flow Per Share | 4.25 | 4.43 | -0.95 | -7.26 | -10.49 | -6.60 |
| Gross Margin | 33.22% | 33.04% | 32.97% | 32.25% | 28.22% | 29.20% |
| Operating Margin | 2.23% | 2.33% | 1.59% | 0.55% | -3.77% | -3.29% |
| Profit Margin | -0.64% | -0.73% | -12.72% | -24.95% | 42.44% | -0.64% |
| Free Cash Flow Margin | 12.50% | 12.87% | -2.70% | -19.87% | -31.16% | -20.05% |
| EBITDA | 1.39B | 1.42B | 1.38B | 1.12B | 397.12M | 403.70M |
| EBITDA Margin | 30.09% | 30.63% | 30.50% | 26.19% | 15.54% | 16.70% |
| D&A For EBITDA | 1.29B | 1.31B | 1.31B | 1.10B | 493.57M | 483.34M |
| EBIT | 103.09M | 108.12M | 71.92M | 23.39M | -96.46M | -79.64M |
| EBIT Margin | 2.23% | 2.33% | 1.59% | 0.55% | -3.77% | -3.29% |
| Effective Tax Rate | 93.75% | 96.73% | ||||
| Revenue as Reported | 4.63B | 4.64B | 4.52B | 4.28B | 2.56B | 2.42B |
| Advertising Expenses | 20.70M | 19.20M | 26.40M | 22.80M | 23.10M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.74B | 1.75B | 1.61B | 1.90B | 1.35B | 310.46M |
| Cash & Short-Term Investments | 1.74B | 1.75B | 1.61B | 1.90B | 1.35B | 310.46M |
| Accounts Receivable | 744.42M | 753.43M | 699.55M | 678.21M | 419.93M | 312.17M |
| Other Receivables | 261.50M | |||||
| Receivables | 744.42M | 753.43M | 699.55M | 939.71M | 419.93M | 312.17M |
| Inventory | 293.79M | 281.22M | 293.94M | 317.88M | 268.56M | 197.86M |
| Prepaid Expenses | 170.55M | 179.08M | 176.69M | 185.89M | 115.70M | 102.43M |
| Restricted Cash | 30.53M | |||||
| Other Current Assets | 160.19M | 163.44M | 105.65M | 134.39M | 60.93M | 236.54M |
| Total Current Assets | 3.10B | 3.12B | 2.89B | 3.48B | 2.24B | 1.16B |
| Property, Plant & Equipment | 7.67B | 7.70B | 7.82B | 7.95B | 4.66B | 4.05B |
| Goodwill | 1.62B | 1.63B | 1.62B | 1.62B | 158.54M | 168.71M |
| Other Intangible Assets | 2.37B | 2.43B | 2.65B | 2.90B | 497.29M | 515.40M |
| Long-Term Deferred Tax Assets | 67.10M | 68.70M | 160.45M | 163.59M | 23.72M | 304.64M |
| Other Long-Term Assets | 275.03M | 273.67M | 301.64M | 217.22M | 146.23M | 192.79M |
| Total Assets | 15.11B | 15.23B | 15.45B | 16.33B | 7.73B | 6.39B |
| Accounts Payable | 288.63M | 288.15M | 264.30M | 287.21M | 271.55M | 200.67M |
| Accrued Expenses | 158.13M | 241.81M | 237.74M | 353.59M | 193.86M | 156.55M |
| Current Portion of Long-Term Debt | 661.94M | 35.12M | 503.82M | 58.05M | 37.94M | 34.91M |
| Current Portion of Leases | 62.72M | 83.51M | 65.31M | 71.56M | 50.64M | 49.99M |
| Current Income Taxes Payable | 113.91M | 7.87M | ||||
| Current Unearned Revenue | 319.72M | 292.59M | 294.03M | 260.26M | 132.19M | 131.62M |
| Other Current Liabilities | 361.96M | 355.92M | 311.45M | 265.21M | 156.65M | 188.80M |
| Total Current Liabilities | 1.85B | 1.30B | 1.68B | 1.30B | 956.72M | 770.42M |
| Long-Term Debt | 5.64B | 6.27B | 6.37B | 7.10B | 2.39B | 2.41B |
| Long-Term Leases | 563.36M | 546.40M | 572.61M | 406.42M | 309.41M | 361.93M |
| Long-Term Unearned Revenue | 1.07B | 1.06B | 786.71M | 896.40M | 84.75M | 88.98M |
| Long-Term Deferred Tax Liabilities | 995.47M | 1.02B | 1.07B | 1.23B | 85.99M | 16.87M |
| Other Long-Term Liabilities | 270.62M | 298.19M | 324.73M | 327.43M | 47.81M | 63.09M |
| Total Liabilities | 10.39B | 10.50B | 10.80B | 11.26B | 3.87B | 3.71B |
| Common Stock | 14.00K | 14.00K | 13.00K | 13.00K | 8.00K | 7.00K |
| Additional Paid-In Capital | 5.08B | 5.04B | 4.93B | 4.80B | 2.54B | 2.42B |
| Retained Earnings | -411.36M | -359.62M | -325.53M | 249.43M | 1.32B | 233.53M |
| Comprehensive Income & Other | -24.33M | -24.63M | -46.91M | -21.27M | -34.71M | -21.62M |
| Total Common Equity | 4.64B | 4.66B | 4.55B | 5.03B | 3.82B | 2.63B |
| Minority Interest | 77.84M | 68.96M | 90.73M | 47.07M | 36.26M | 48.73M |
| Shareholders' Equity | 4.72B | 4.73B | 4.64B | 5.07B | 3.86B | 2.68B |
| Total Liabilities & Equity | 15.11B | 15.23B | 15.45B | 16.33B | 7.73B | 6.39B |
| Total Debt | 6.93B | 6.94B | 7.52B | 7.64B | 2.78B | 2.85B |
| Net Cash (Debt) | -5.19B | -5.19B | -5.90B | -5.74B | -1.43B | -2.54B |
| Net Cash Per Share | -38.13 | -38.54 | -45.95 | -48.96 | -18.89 | -34.63 |
| Filing Date Shares Outstanding | 137.76M | 136.57M | 130.32M | 125.86M | 76.91M | 74.44M |
| Total Common Shares Outstanding | 137.75M | 136.56M | 130.21M | 125.85M | 76.91M | 74.43M |
| Working Capital | 1.25B | 1.83B | 1.21B | 2.18B | 1.29B | 389.05M |
| Book Value Per Share | 33.68 | 34.13 | 34.97 | 39.93 | 49.72 | 35.39 |
| Tangible Book Value | 644.86M | 600.71M | 277.24M | 506.07M | 3.17B | 1.95B |
| Tangible Book Value Per Share | 4.68 | 4.40 | 2.13 | 4.02 | 41.20 | 26.20 |
| Land | 11.25M | 11.25M | 19.66M | 20.79M | 3.87M | 3.94M |
| Buildings | 15.06M | 15.06M | 15.39M | 16.65M | 12.49M | 12.44M |
| Machinery | 7.85B | 7.76B | 7.30B | 6.38B | 3.03B | 2.79B |
| Construction In Progress | 3.41B | 3.31B | 2.93B | 3.28B | 2.94B | 2.19B |
| Leasehold Improvements | 325.03M | 325.09M | 313.25M | 209.16M | 151.83M | 149.98M |
| Order Backlog | 4.07B |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -29.39M | -34.09M | -574.96M | -1.07B | 1.08B | -15.53M |
| Depreciation & Amortization | 1.29B | 1.31B | 1.31B | 1.10B | 493.57M | 483.34M |
| Other Amortization | 37.90M | 41.10M | 54.50M | 59.10M | ||
| Loss (Gain) From Sale of Assets | 19.91M | 22.77M | 152.90M | 975.38M | ||
| Asset Writedown & Restructuring Costs | 45.89M | 46.79M | ||||
| Loss (Gain) From Sale of Investments | -168.06M | -168.06M | ||||
| Stock-Based Compensation | 90.55M | 81.07M | 80.39M | 83.63M | 84.46M | 86.81M |
| Other Operating Activities | 71.32M | 106.40M | 36.70M | -100.09M | 386.61M | 1.28M |
| Change in Accounts Receivable | -62.05M | -58.17M | -59.73M | -69.16M | -128.15M | -60.49M |
| Change in Inventory | -10.71M | 13.05M | 33.22M | -13.39M | -73.14M | -2.30M |
| Change in Accounts Payable | 59.04M | 36.84M | 40.46M | -41.50M | 35.51M | 25.44M |
| Change in Other Net Operating Assets | 294.54M | 235.61M | -161.59M | -235.30M | 134.17M | -71.81M |
| Operating Cash Flow | 1.59B | 1.59B | 908.19M | 688.20M | 367.86M | 505.64M |
| Capital Expenditures | -1.01B | -992.77M | -1.03B | -1.54B | -1.16B | -990.31M |
| Cash Acquisitions | -342.62M | -139.53M | ||||
| Divestitures | 1.93B | |||||
| Investment in Securities | 202.96M | 202.96M | 82.27M | |||
| Other Investing Activities | 8.71M | 30.77M | 271.83M | 508.56M | ||
| Investing Cash Flow | -802.02M | -759.05M | -758.36M | -1.29B | 768.04M | -1.13B |
| Long-Term Debt Issued | 175.87M | 1.98B | 1.74B | 540.00M | 1.27B | |
| Long-Term Debt Repaid | -809.06M | -2.39B | -567.03M | -576.47M | -610.40M | |
| Net Debt Issued (Repaid) | -188.83M | -633.19M | -415.71M | 1.17B | -36.47M | 655.60M |
| Issuance of Common Stock | 22.18M | 18.13M | 18.02M | 19.29M | 21.69M | 20.55M |
| Repurchase of Common Stock | -42.39M | -18.33M | -5.51M | -11.71M | -16.49M | -22.97M |
| Other Financing Activities | -21.79M | -61.03M | -39.39M | -52.73M | -34.85M | -9.55M |
| Financing Cash Flow | -230.84M | -694.42M | -442.59M | 1.12B | -66.13M | 643.63M |
| Foreign Exchange Rate Adjustments | -788.00K | -1.69M | 3.83M | 275.00K | -843.00K | -4.92M |
| Net Cash Flow | 558.33M | 134.73M | -288.93M | 521.65M | 1.07B | 14.51M |
| Free Cash Flow | 578.29M | 597.11M | -122.00M | -851.19M | -796.46M | -484.67M |
| Free Cash Flow Margin | 12.50% | 12.87% | -2.70% | -19.87% | -31.16% | -20.05% |
| Free Cash Flow Per Share | 4.25 | 4.43 | -0.95 | -7.26 | -10.49 | -6.60 |
| Levered Free Cash Flow | 250.17M | 254.80M | 435.53M | -917.95M | -527.35M | -585.58M |
| Unlevered Free Cash Flow | 464.04M | 479.95M | 699.25M | -667.70M | -510.60M | -567.21M |
| Cash Interest Paid | 326.55M | 326.55M | 390.04M | 228.97M | 11.00M | 14.63M |
| Cash Income Tax Paid | 80.70M | 80.70M | 196.29M | 200.56M | 16.49M | 17.14M |
| Change in Working Capital | 280.82M | 227.33M | -147.64M | -359.35M | -31.60M | -109.15M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.61B | 6.22B | 1.35B | 2.27B | 2.58B | 3.63B |
| Enterprise Value | 15.80B | 11.72B | 7.39B | 8.40B | 5.71B | 6.05B |
| Last Close Price | 77.02 | 45.80 | 10.42 | 18.09 | 33.84 | 48.80 |
| PE Ratio | 2.38 | |||||
| Forward PE | 303.95 | 70.46 | 11.43 | 5.67 | 12.12 | 24.43 |
| PS Ratio | 2.29 | 1.34 | 0.30 | 0.53 | 1.01 | 1.50 |
| PB Ratio | 2.29 | 1.31 | 0.29 | 0.45 | 0.67 | 1.35 |
| P/TBV Ratio | 16.45 | 10.36 | 4.85 | 4.48 | 0.82 | 1.86 |
| P/FCF Ratio | 18.35 | 10.42 | ||||
| P/OCF Ratio | 6.66 | 3.91 | 1.48 | 3.29 | 7.03 | 7.18 |
| PEG Ratio | 2.59 | 2.59 | 2.59 | 2.76 | 0.95 | |
| EV/Sales Ratio | 3.42 | 2.53 | 1.64 | 1.96 | 2.23 | 2.50 |
| EV/EBITDA Ratio | 11.35 | 8.24 | 5.36 | 7.49 | 14.38 | 15.00 |
| EV/EBIT Ratio | 153.26 | 108.39 | 102.75 | 359.18 | ||
| EV/FCF Ratio | 27.32 | 19.63 | ||||
| Debt / Equity Ratio | 1.47 | 1.47 | 1.62 | 1.51 | 0.72 | 1.06 |
| Debt / EBITDA Ratio | 4.53 | 4.44 | 4.93 | 6.09 | 5.41 | 5.80 |
| Debt / FCF Ratio | 11.98 | 11.62 | ||||
| Net Debt / Equity Ratio | 1.10 | 1.10 | 1.27 | 1.13 | 0.37 | 0.95 |
| Net Debt / EBITDA Ratio | 3.73 | 3.65 | 4.28 | 5.11 | 3.61 | 6.30 |
| Net Debt / FCF Ratio | 8.97 | 8.70 | -48.39 | -6.74 | -1.80 | -5.24 |
| Asset Turnover | 0.31 | 0.30 | 0.28 | 0.36 | 0.36 | 0.41 |
| Inventory Turnover | 10.69 | 10.80 | 9.90 | 9.90 | 7.87 | 6.40 |
| Quick Ratio | 1.34 | 1.93 | 1.38 | 2.19 | 1.85 | 0.81 |
| Current Ratio | 1.68 | 2.41 | 1.72 | 2.69 | 2.35 | 1.50 |
| Return on Equity (ROE) | 0.19% | 0.08% | -10.93% | -23.45% | -6.47% | -4.01% |
| Return on Assets (ROA) | 0.43% | 0.44% | 0.28% | 0.12% | -0.85% | -0.85% |
| Return on Invested Capital (ROIC) | 0.07% | 0.03% | 0.67% | 0.29% | -1.83% | -1.68% |
| Return on Capital Employed (ROCE) | 0.80% | 0.80% | 0.50% | 0.20% | -1.40% | -1.40% |
| Earnings Yield | -0.28% | -0.55% | -42.73% | -47.15% | 41.97% | -0.43% |
| FCF Yield | 5.45% | 9.60% | -9.07% | -37.55% | -30.82% | -13.35% |
| Buyback Yield / Dilution | -4.94% | -4.88% | -9.63% | -54.37% | -3.43% | -10.46% |