VSAT · Viasat Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.16B | $1.14B | $1.17B | $1.13B | $1.12B | $1.12B | - | $1.13B | $1.23B | $779.79M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $46.93M | $42.26M | $34.19M | $38.56M | $36.70M | $33.39M | - | $41.73M | $33.43M | $29.00M |
| SG&A | $240.71M | $241.78M | $262.83M | $251.12M | $238.02M | $272.45M | - | $271.73M | $1.15B | $219.58M |
| Total Operating Expenses | $1.04B | $1.04B | $1.00B | - | - | - | - | - | - | - |
| D&A | - | - | $257.70M | $249.80M | - | - | - | - | - | $132.01M |
| Operating Income | $26.30M | $35.77M | $46.67M | $59.73M | $21.25M | ($24.68M) | - | ($43.92M) | ($804.67M) | ($41.52M) |
| Interest Expense | $87.48M | $93.49M | $100.36M | $105.78M | $94.48M | $115.34M | - | $133.54M | $86.16M | $55.94M |
| Income Tax | $58.67M | $10.86M | $6.61M | $1.18M | ($11.80M) | $5.92M | - | ($34.50M) | ($93.08M) | ($533.0K) |
| Net Income | $24.97M | ($61.44M) | ($56.43M) | ($32.91M) | ($158.41M) | ($137.58M) | - | ($124.40M) | ($767.24M) | ($77.00M) |
| EPS - Basic | $0.18 | ($0.45) | ($0.43) | ($0.26) | ($1.23) | ($1.07) | - | ($0.99) | ($6.16) | ($0.83) |
| EPS - Diluted | $0.18 | ($0.45) | ($0.43) | ($0.26) | ($1.23) | ($1.07) | - | ($0.99) | ($6.16) | ($0.83) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.35B | $1.23B | $1.18B | $1.61B | $1.56B | $3.53B | $1.90B | $1.62B | $1.96B | $1.96B |
| Accounts Receivable | $749.39M | $682.82M | $686.18M | $699.55M | $648.96M | $717.25M | $678.21M | $675.85M | $664.48M | $630.53M |
| Inventory | $286.95M | $278.66M | $284.22M | $293.94M | $320.14M | $327.01M | $317.88M | $353.55M | $345.60M | $335.56M |
| Accounts Payable | $309.18M | $308.71M | $241.87M | $264.30M | $218.59M | $246.75M | $287.21M | $314.61M | $388.58M | $377.64M |
| Current Assets | $2.65B | $2.44B | $2.46B | $2.89B | $2.84B | $5.06B | $3.48B | $3.74B | $4.06B | $3.43B |
| Total Assets | $14.91B | $14.76B | $14.90B | $15.45B | $15.60B | $17.75B | $16.33B | $16.65B | $17.07B | $17.90B |
| Current Liabilities | $1.25B | $1.17B | $1.16B | $1.68B | $1.58B | $3.52B | $1.30B | $1.38B | $1.55B | $1.47B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $10.28B | $10.18B | $10.29B | $10.80B | $10.75B | $12.75B | $11.26B | $11.50B | $11.84B | $11.92B |
| Stockholders' Equity | $4.57B | $4.52B | $4.56B | $4.55B | $4.76B | $4.94B | $5.03B | $5.10B | $5.19B | $5.94B |
| Retained Earnings | ($418.44M) | ($443.41M) | ($381.96M) | ($325.53M) | ($79.48M) | $78.94M | $249.43M | $349.69M | $474.09M | $1.24B |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $258.46M | $151.10M | - | - | - | - | - | $103.67M |
| Investing Cash Flow | - | - | ($175.95M) | ($221.52M) | - | - | - | - | - | ($769.55M) |
| Financing Cash Flow | - | - | ($513.82M) | ($22.45M) | - | - | - | - | - | $1.28B |
| CapEx | - | - | - | - | - | - | - | - | - | $374.93M |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | ($271.26M) |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 2.3% | 3.1% | 4.0% | 5.3% | 1.9% | -2.2% | - | -3.9% | -65.7% | -5.3% |
| EBITDA margin | - | - | 26.0% | 27.5% | - | - | - | - | - | 11.6% |
| Net margin | 2.2% | -5.4% | -4.8% | -2.9% | -14.1% | -12.3% | - | -11.0% | -62.6% | -9.9% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | -34.8% |
| FCF / Net income | - | - | - | - | - | - | - | - | - | 3.52 |
| R&D / Revenue | 4.1% | 3.7% | 2.9% | 3.4% | 3.3% | 3.0% | - | 3.7% | 2.7% | 3.7% |
| SG&A / Revenue | 20.8% | 21.2% | 22.4% | 22.3% | 21.2% | 24.3% | - | 24.1% | 93.8% | 28.2% |
| Effective tax rate | 70.1% | - | - | - | - | - | - | - | - | - |
| Return on assets | 0.2% | -0.4% | -0.4% | -0.2% | -1.0% | -0.8% | - | -0.7% | -4.5% | -0.4% |
| Return on equity | 0.5% | -1.4% | -1.2% | -0.7% | -3.3% | -2.8% | - | -2.4% | -14.8% | -1.3% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.13 | 2.08 | 2.11 | 1.72 | 1.80 | 1.44 | 2.68 | 2.71 | 2.62 | 2.33 |
| Quick ratio | 1.90 | 1.84 | 1.87 | 1.55 | 1.60 | 1.34 | 2.44 | 2.46 | 2.40 | 2.10 |
| Cash ratio | 1.08 | 1.05 | 1.01 | 0.96 | 0.98 | 1.00 | 1.47 | 1.18 | 1.27 | 1.33 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 0.3x | 0.4x | 0.5x | 0.6x | 0.2x | -0.2x | - | -0.3x | -9.3x | -0.7x |
| Equity multiplier | 3.26 | 3.26 | 3.27 | 3.39 | 3.28 | 3.60 | 3.25 | 3.26 | 3.29 | 3.01 |
| Liabilities / Assets | 0.69 | 0.69 | 0.69 | 0.70 | 0.69 | 0.72 | 0.69 | 0.69 | 0.69 | 0.67 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.06 | - | 0.07 | 0.07 | 0.04 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 236d | 218d | 214d | 227d | 211d | 233d | - | 219d | 198d | 295d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 191.4x | - | - | - | - | - | - | - | - | - |
| P / B | 1.1x | 0.9x | 0.4x | 0.3x | 0.2x | 0.3x | - | 0.7x | 0.4x | 0.6x |
| P / S | 4.2x | 3.5x | 1.6x | 1.2x | 1.0x | 1.4x | - | 3.1x | 1.9x | 4.9x |
| EV / EBITDA | - | - | 2.4x | -0.9x | - | - | - | - | - | 20.8x |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.0% | 1.7% | 4.0% | - | -0.4% | -8.4% | - | 73.2% | 86.6% | 17.3% |
| Revenue CAGR (3y) | 21.1% | 20.2% | 14.5% | 19.2% | 16.0% | 17.0% | - | 25.2% | 30.3% | 13.2% |
| Revenue CAGR (5y) | 15.0% | 15.5% | 17.2% | 16.0% | 13.8% | 13.6% | - | 15.3% | 25.5% | 15.5% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 23.8% | - | -21.9% | - | - | 96.9% | - | -40.3% | - | - |
| Net income growth (YoY) | - | 55.3% | -71.5% | - | -27.3% | 82.1% | - | -194.6% | -1490.5% | - |
| EPS growth (YoY) | - | 57.9% | -65.4% | - | -24.2% | 82.6% | - | -80.0% | -862.5% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | 12.5% | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | -49.8% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -4.0% | -8.3% | 0.2% | -9.4% | -6.7% | -4.9% | -15.4% | 97.1% | 99.9% | 125.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Business segments
$4.64B totalCommunication Services$3.30B · 71.1%
Defense And Advanced Technologies$1.34B · 28.9%
Product / service
$8.82B totalService$3.27B · 37.1%
Product$1.37B · 15.5%
Aviation Services$1.19B · 13.5%
Government Satcom Services$795.04M · 9.0%
Fixed Services And Other Services$607.69M · 6.9%
Maritime Services$463.06M · 5.2%
Information Security And Cyber Defense Products$414.48M · 4.7%
Space And Mission Systems Products$330.87M · 3.8%
Tactical Networking Products$329.42M · 3.7%
Advanced Technologies And Other Products$48.66M · 0.6%
Geographic
$4.64B totalUS$3.16B · 68.1%
Non Us$1.48B · 31.9%
Peer comparison
Same SIC group: Communications Services, NEC
Comparing VIASAT INC against the 5 most active filers in the same SIC group.