VIASAT INC VSAT

Communication services SIC 4899 - Communications Services, NEC NAICS Information › Telecommunications › All Other Telecommunications derived Nasdaq

We are an innovative, global provider of communications technologies and services, focused on making connectivity accessible, available and secure for current and future customers worldwide. By leveraging our own satellite fleet and its advantages, existing national operator partnerships, plus coverage and capacity from leading third-party satellites and constellations, our services are designed to provide customers with the essential capacity density, market access, speed, bandwidth and responsiveness they need. Our end-to-end multi-band platform of satellites, ground infrastructure and user terminals enables us to provide a wide array of cost-effective, high-quality broadband, narrowband and other connectivity solutions to aviation, maritime, enterprise, consumer, military and government users around the globe, whether on the ground, in the air or at sea. In addition, our government business includes a portfolio of communications gateways; situational awareness and command and control products and services; satellite communication products and services across various frequency bands; and cybersecurity and information assurance products and services. We believe that our diversification strategy—anchored in a broad portfolio of customer-centric products and services and supported by our fleet of broadband and narrowband satellites—our vertical integration and our ability to effectively cross-deploy technologies between government and commercial applications and segments as well as across different geographic markets, provide us with a strong foundation to sustain and enhance our leadership in advanced communications and networking technologies. We conduct our business through two reportable segments: communication services and defense and advanced technologies.

Last close 61.47 2026-10-23
Market cap $8.47B 2026-06-30 share count
52-week range 29.13 - 93.03

Valuation FY2025 figures against the last close

P/S1.8x
P/E—
P/FCF5.3x
EV/EBITDA5.9x
Dividend yield—
Diluted EPS-0.25

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S. Customers
  • Non U.S. Customers
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 U.S. Customers, FY2025: 3.2B (68.1%) 68% U.S. Customers Non U.S. Customers, FY2025: 1.5B (31.9%) 32% Non U.S. Customers FY2024 U.S. Customers, FY2024: 3.1B (69.0%) 69% Non U.S. Customers, FY2024: 1.4B (31.0%) 31% FY2023 U.S. Customers, FY2023: 3B (70.7%) 71% Non U.S. Customers, FY2023: 1.3B (29.3%) 29%
Region FY2025FY2024FY2023
U.S. Customers $3.16B $3.12B $3.03B
Non U.S. Customers $1.48B $1.40B $1.25B

As the company reported it, from the “Segment Information - Revenues by Geographic Area (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.64B$4.52B$4.28B$2.56B$2.42B$1.92B$2.31B$2.07B$1.59B$1.56B
Cost of revenue ————————$567.1M$524.9M
Gross profit ————————$1.03B$1.03B
R&D $164.9M$142.4M$150.7M$128.9M$149.5M$108.5M$130.4M$123.0M$168.3M$129.6M
SG&A $999.5M$1.18B$1.89B$718.6M$640.8M$497.2M$523.1M$458.5M$385.4M$333.5M
Total operating expenses $4.27B$4.35B$4.95B$2.68B——————
Operating income $108.1M-$97.5M-$889.8M-$156.0M-$113.1M-$46.0M$38.4M-$60.6M-$92.2M$36.5M
Interest expense $360.2M$421.9M$400.4M$26.8M$29.4M$32.7M$38.6M$50.0M$4.0M$12.1M
Pre-tax income $104.8M-$545.3M-$1.19B-$162.2M-$137.9M-$78.2M$1.4M-$110.5M-$105.5M$25.4M
Income tax $116.2M$941.0K$139.5M$49.4M$36.5M$11.2M$7.9M$41.0M$35.2M$3.6M
Net income -$34.1M-$575.0M-$1.07B$1.08B-$15.5M$3.7M$13.8M-$66.5M-$68.3M$21.8M
EPS, basic -0.25-4.48-9.1214.29-0.210.060.00-1.13-1.150.45
EPS, diluted -0.25-4.48-9.1214.29-0.210.060.00-1.13-1.150.45
Shares, diluted (wtd. avg.) 134.7M128.5M117.2M75.9M73.4M66.4M61.6M59.9M58.4M53.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.75B$1.61B$1.90B$1.38B$310.5M$295.9M$304.3M$261.7M$71.4M$130.1M
Receivables $753.4M$699.6M$678.2M$419.9M$312.2M$238.7M$330.7M$300.3M$267.7M$263.7M
Inventory $281.2M$293.9M$317.9M$268.6M$197.9M$336.7M$294.4M$234.5M$196.3M$163.2M
Total current assets $3.12B$2.89B$3.48B$2.24B$1.16B$991.2M$1.05B$887.2M$612.6M$614.9M
Property, plant and equipment $7.27B$7.41B$7.56B$4.38B$3.70B$3.05B$2.59B$2.13B——
Goodwill $1.63B$1.62B$1.62B$158.5M$168.7M$122.3M$121.2M$121.7M$121.1M$119.9M
Other intangibles $2.00B$2.27B$2.54B$201.2M$236.0M$9.6M$14.4M$22.3M$31.9M$41.7M
Total assets $15.23B$15.45B$16.33B$7.73B$6.39B$5.35B$4.88B$3.92B$3.41B$2.95B
Accounts payable $288.2M$264.3M$287.2M$271.5M$200.7M$145.1M$183.6M$157.3M$157.5M$100.3M
Short-term debt $57.8M$503.8M$58.1M$37.9M$34.9M$30.5M$29.8M$19.9M$45.3M$288.0K
Total current liabilities $1.30B$1.68B$1.30B$956.7M$770.4M$708.4M$604.6M$485.5M$466.5M$325.5M
Long-term debt ————$2.49B$1.83B$1.85B$1.39B$978.4M$848.5M
Total liabilities $10.50B$10.80B$11.26B$3.87B$3.71B$2.96B$2.83B$2.00B$1.57B$1.22B
Retained earnings -$359.6M-$325.5M$249.4M$1.32B$233.5M$249.1M$245.4M$245.6M$286.0M$297.5M
Total equity $4.66B$4.55B$5.07B$3.86B$2.68B$2.39B$2.05B$1.92B$1.85B$1.74B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.59B$908.2M$688.2M$367.9M$505.6M$727.2M$436.9M$327.6M$358.6M$411.3M
Depreciation and amortisation $1.04B$1.04B$867.6M$409.6M$407.4M$330.9M$279.7M$262.3M$210.4M$200.7M
Stock-based compensation $81.1M$80.4M$83.6M$84.5M$86.8M$84.9M$86.6M$79.6M$68.5M$55.8M
Capital expenditure ———$1.08B$938.3M$827.2M$694.0M$636.9M$511.6M$514.7M
Investing cash flow -$759.0M-$758.4M-$1.29B$768.0M-$1.13B-$885.3M-$758.8M-$489.4M-$584.5M-$715.0M
Financing cash flow -$694.4M-$442.6M$1.12B-$66.1M$643.6M$149.7M$365.2M$354.6M$165.8M$392.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-318060.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2016: 1.6B Gross profit, FY2016: 1B Net income, FY2016: 21.8M Revenue, FY2017: 1.6B Gross profit, FY2017: 1B Net income, FY2017: -68.3M Revenue, FY2018: 2.1B Net income, FY2018: -66.5M Revenue, FY2019: 2.3B Net income, FY2019: 13.8M Revenue, FY2020: 1.9B Net income, FY2020: 3.7M Revenue, FY2021: 2.4B Net income, FY2021: -15.5M Revenue, FY2022: 2.6B Net income, FY2022: 1.1B Revenue, FY2023: 4.3B Net income, FY2023: -1.1B Revenue, FY2024: 4.5B Net income, FY2024: -575M Revenue, FY2025: 4.6B Net income, FY2025: -34.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.56B $1.59B $2.07B $2.31B $1.92B $2.42B $2.56B $4.28B $4.52B $4.64B
Gross profit $1.03B $1.03B — — — — — — — —
Net income $21.8M -$68.3M -$66.5M $13.8M $3.7M -$15.5M $1.08B -$1.07B -$575.0M -$34.1M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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