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Viasat, Inc.

NASDAQ•VSAT
CEO: Mr. Mark D. Dankberg
Sector: Technology
Industry: Communication Equipment
Listing Date: 1996-12-03
Viasat, Inc. provides broadband and communications products and services in the United States and internationally. It operates in three segments: Satellite Services, Commercial Networks, and Government Systems. The Satellite Services segment offers in-flight connectivity and wireless in-flight entertainment services for commercial aircraft and private jets; aviation software, and narrowband safety and communications services; satellite-based fixed broadband services, including broadband internet access, voice over internet protocol, and other services; enterprise connectivity solutions; fixed broadband internet, and wholesale and retail fixed broadband services; energy services comprising networking and connectivity solutions for remote sites and operations, and industry-leading machine learning analytics; IoT and other narrowband services; and community internet services. The Commercial Networks segment provides mobile satellite communication systems for use in aircrafts, and land-mobile and seagoing vessels; fixed broadband satellite communication systems, such as satellite network infrastructure and ground terminals; antenna systems, including ground and airborne terminals, antennas, and gateways for terrestrial and satellite customer applications, mobile satellite communications, Ka-band earth stations, and other multi-band/multi-function antennas; and space systems design and satellite networking development systems. This segment also designs and develops satellite and ground communications systems and network function virtualization, as well as ground-based network subsystems; and designs, develops, and produces space system solutions for various orbital regimes, including GEO, HEO, medium earth orbit (MEO), low earth orbit (LEO) satellites, and other satellite platforms. The Government Systems segment offers government mobile broadband products and services, including mobile and fixed broadband modems, terminals, and network access control systems; mesh and hub-and-spoke satellite networking systems; and secure networking, cybersecurity, and information assurance products. Viasat, Inc. was incorporated in 1986 and is headquartered in Carlsbad, California.
Contact Information
6155 El Camino Real, Carlsbad, CA, 92009, United States
760-476-2200
www.viasat.com
Market Cap
$8.05B
P/E (TTM)
-22.8
54.5
Dividend Yield
--
52W High
$64.98
52W Low
$8.61
52W Range
90%
Rank53Top 76.1%
2.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$1.16B+0.00%
4-Quarter Trend

EPS

$0.18+0.00%
4-Quarter Trend

FCF

$1.14B+0.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Quarterly Net Income Reversal Net income attributable to Viasat $25.0 M for the quarter, reversing prior $158.4 M loss. Basic EPS $0.18 vs $(1.23) loss.
Strong Operating Cash Flow Operating cash flow reached $1.27 B for nine months, significantly up from $610 M prior period. Driven by deferred revenue timing.
Defense Segment Profit Growth Defense and Advanced Technologies operating profit rose 24% quarterly to $53.1 M. Total segment revenues grew 9% to $331.7 M.
Total Debt Reduction Total long-term debt decreased to $6.24 B as of December 31, 2025, down from $7.20 B at March 31, 2025.

Risk Factors

Satellite Launch Execution Risk ViaSat-3 F2 launch expected H1 FY2027; delays risk capacity constraints until new services scale up successfully.
Government Contract Audits Ongoing DCAA audit of FY2025 recurring costs; adverse adjustments could impact profitability. Reserves stand at $15.1 M.
Debt Covenant Restrictions Various debt facilities contain covenants restricting debt incurrence, asset sales, and dividend payments. Compliance is ongoing.
Litigation Uncertainty Exposure Involved in various claims, including IP and government contract matters; resolution uncertainty poses potential adverse impact.

Outlook

ViaSat-3 F2 Deployment Timeline ViaSat-3 F2 satellite launch anticipated in the first half of fiscal year 2027, expanding global coverage and resiliency.
Ligado Settlement Cash Inflow Expect $568 M from Ligado in FY2026, including $100 M lump sum due March 31, 2026, enhancing liquidity.
Future Financing Evaluation Evaluating potential acquisitions, strategic partnerships, and future satellite construction requiring additional financing sources.
Firm Backlog Strength Firm backlog totaled $4.0 B as of December 31, 2025, with less than half expected delivery in next 12 months.

Peer Comparison

Revenue (TTM)

LPL stock ticker logoLPL
$17.87B
-7.2%
VSAT stock ticker logoVSAT
$4.62B
+2.1%
VNT stock ticker logoVNT
$3.08B
+3.2%

Gross Margin (Latest Quarter)

S stock ticker logoS
75.6%
-0.9pp
CWAN stock ticker logoCWAN
67.2%
-7.4pp
WEX stock ticker logoWEX
56.3%
-2.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
VSAT$8.05B-22.8-7.4%48.4%
CWAN$7.16B-179.5-2.2%29.1%
WEX$5.36B17.227.0%34.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.3%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 18, 2026
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LTM
No Data