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MARKETS / NASDAQ / VSAT
NASDAQ · COMMUNICATIONS SERVICES, NEC · LARGE CAP

Viasat Inc. VSAT

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.6B
▲ 2.7% YoY
$-34.1M
In brief

What this company does

Viasat's platform of satellites, ground infrastructure and user terminals provides 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. As of March 31, 2026, it employed approximately 7,000 individuals worldwide, with 66% of its workforce located in the United States. It conducts its business through two reportable segments: communication services and defense and advanced technologies. Its communication services segment provides broadband and narrowband communications solutions across government and commercial mobility markets, as well as for residential and enterprise fixed broadband customers. As of March 31, 2026, its fleet of 23 in service or operational satellites spanned the Ka-, L- and S-band frequencies. Its defense and advanced technologies segment develops and offers solutions to government and commercial customers, using its capabilities in encryption, cyber security, tactical gateways, modems and waveforms. Viasat was incorporated in California in 1986 under the name Viasat, Inc., and was subsequently reincorporated in Delaware in 1996.

Written from the business description in VIASAT INC's annual report to the U.S. Securities and Exchange Commission, filed 29 May 2026. Every sentence was checked against that document before publication.

Growth
USD 4.6B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.6 · Net income -0.0
2.0B4.0B-0.4B-0.8B2008201120142017202020232025
Compound annual growth
+22.0%
+19.3%
+12.6%
+12.4%
+123.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +19.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
0 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 2.3% · Net 0.1%
20%40%-10%-20%2008201120142017202020232025
ROE
FY2025 · ROE -0.7%
10%20%30%-10%-20%2008201120142017202020232025

Each USD of equity lost 1 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2022 · FCF -709.1
-250.0M-500.0M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2011 · Dividends — · Net buybacks 7.5
-40M-80M2008200920102011

Total assetsUSD 15.2B
EquityUSD 4.7B
CashUSD 1.7B
Gross debtUSD 6.4B
Net debtUSD 4.7B
Current ratio2.41×

Net debt stands at 101% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B4.64.54.32.62.41.92.32.11.61.61.41.41.41.10.90.80.70.6
Operating income $B0.1−0.1−0.9−0.2−0.1−0.00.0−0.1−0.10.00.00.10.0−0.00.00.00.00.0
EBITDA $B1.10.9−0.00.30.30.30.30.20.10.20.20.30.20.10.10.10.10.1
Income tax $B0.1−0.0−0.10.0−0.0−0.0−0.0−0.0−0.00.0−0.00.0−0.0−0.1−0.0−0.00.00.0
Net income $B−0.0−0.6−1.11.1−0.00.00.0−0.1−0.10.00.00.0−0.0−0.00.00.00.00.0
Free cash flow $B···−0.7−0.4−0.1−0.3−0.3−0.2−0.1−0.1−0.0−0.1−0.1−0.1−0.0−0.0−0.1
EPS, diluted $−0.25−4.48−9.1214.29−0.210.060.00−1.13−1.150.450.440.84−0.21−0.940.170.840.891.20
Dividend / sh $··················
Payout %··················
ROE %−0.7−12.0−24.233.6−0.60.2········0.94.54.1·
Shares out B0.140.130.130.080.070.070.060.060.060.060.050.05··0.040.040.04·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 16 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCommunications Services, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsMarch 31
Data on record since2008

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