Viasat Inc (VSAT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VSAT SEC filings page.
Viasat Inc (VSAT) reported $4.6B in revenue over the twelve months to Jun 30, 2026, up 1.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Operating recovery is arriving through cost absorption and cash conversion while leverage remains the business’s central constraint.
From FY2024 to FY2026, operating margin moved from-20.8% to2.3% while net margin remained negative, indicating that operating improvement is being largely consumed below operating income. FY2026 interest expense was$360M , a financing burden that helps explain why positive operating income still produced a net loss.
Revenue expanded modestly from FY2025 to FY2026 while SG&A declined
Operating cash flow rose from
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Viasat Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Viasat Inc has an operating margin of 2.3%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is up from -2.2% the prior year.
Viasat Inc's revenue grew a modest 2.7% year-over-year to $4.6B. This slow but positive growth earns a score of 46/100.
Viasat Inc has elevated debt relative to equity (D/E of 1.37), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 20/100, reflecting increased financial risk.
With a current ratio of 2.41, Viasat Inc holds $2.41 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 69/100.
Not available for Viasat Inc, and counted as zero in the overall score.
Viasat Inc posts a -0.7% return on equity (ROE), meaning it loses $1 for every $100 of shareholders' equity. This results in a returns score of 31/100. This is up from -12.6% the prior year.
Viasat Inc scores 1.02, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($10.2B) relative to total liabilities ($10.5B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Viasat Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Viasat Inc reported a net loss of $34.1M while generating $1.6B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Viasat Inc earns $0.30 in operating income for every $1 of interest expense ($108.1M vs $360.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Viasat Inc generated $1.2B in revenue in Q1 2027. This represents a decrease of 1.2% from the same quarter a year earlier. Against the prior quarter it is down 1.3%.
Viasat Inc's EBITDA was $361.3M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.0% from the same quarter a year earlier. Against the prior quarter it is down 1.5%.
Viasat Inc reported -$51.7M in net income in Q1 2027. This represents an increase of 8.3% from the same quarter a year earlier. Against the prior quarter it is down 188.0%.
Viasat Inc earned -$0.38 per diluted share (EPS) in Q1 2027. This represents an increase of 11.6% from the same quarter a year earlier. Against the prior quarter it is down 186.4%.
Cash & Balance Sheet
Viasat Inc held $1.7B in cash against $5.8B in long-term debt as of Q1 2027.
Not reported for Q1 2027.
Not reported for Q1 2027.
Margins & Returns
Viasat Inc's operating margin was 4.1% in Q1 2027, reflecting core business profitability. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.1 percentage points.
Viasat Inc's net profit margin was -4.5% in Q1 2027, showing the share of revenue converted to profit. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.5 percentage points.
Viasat Inc's ROE was -1.1% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.4 percentage points.
Not reported for Q1 2027.
Capital Allocation
Viasat Inc invested $45.5M in research and development in Q1 2027. This represents an increase of 33.0% from the same quarter a year earlier. Against the prior quarter it is up 9.6%.
Not reported for Q1 2027.
Not reported for Q1 2027.
VSAT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B-1.2% | $1.2B+2.1% | $1.2B+3.0% | $1.1B+1.7% | $1.2B+4.0% | $1.1B-0.3% | $1.1B-0.4% | $1.1B-8.4% |
| R&D Expenses | $45.5M+33.0% | $41.5M+23.1% | $46.9M+27.9% | $42.3M+26.6% | $34.2M-11.3% | $33.7M-27.4% | $36.7M-12.0% | $33.4M-0.1% |
| SG&A Expenses | $255.0M-3.0% | $254.2M-39.4% | $240.7M+1.1% | $241.8M-11.3% | $262.8M+4.7% | $419.5M+65.6% | $238.0M-12.4% | $272.4M-76.3% |
| Operating Income | $47.3M+1.4% | -$624K+99.6% | $26.3M+23.8% | $35.8M+245.0% | $46.7M-21.9% | -$153.8M-52230.5% | $21.2M+148.4% | -$24.7M+96.9% |
| EBITDA | $361.3M-7.0% | $366.8M+84.9% | $366.2M+2.0% | $362.1M+9.7% | $388.3M-0.7% | $198.3M-38.9% | $359.0M+22.6% | $330.0M+170.1% |
| Interest Expense | $82.3M-18.0% | $78.9M-25.8% | $87.5M-7.4% | $93.5M-18.9% | $100.4M-5.1% | $106.4M-14.8% | $94.5M-29.3% | $115.3M+33.9% |
| Income Tax | $23.1M+249.6% | $40.1M+966.6% | $58.7M+597.3% | $10.9M+83.6% | $6.6M+458.3% | $3.8M+133.1% | -$11.8M+65.8% | $5.9M+106.4% |
| Net Income | -$51.7M+8.3% | $58.8M+123.9% | $25.0M+115.8% | -$61.4M+55.3% | -$56.4M-71.5% | -$246.1M-145.4% | -$158.4M-27.3% | -$137.6M+82.1% |
| EPS (Basic) | -$0.38+11.6% | $0.44+123.0% | $0.18+114.6% | -$0.45+57.9% | -$0.43-65.4% | -$1.91-193.8% | -$1.23-24.2% | -$1.07+82.6% |
| EPS (Diluted) | -$0.38+11.6% | $0.44+123.0% | $0.18+114.6% | -$0.45+57.9% | -$0.43-65.4% | -$1.91-193.8% | -$1.23-24.2% | -$1.07+82.6% |
| Diluted Shares (Avg) | 137M+4.2% | N/A | 141M+9.3% | 135M+5.3% | 132M+3.9% | N/A | 129M+3.1% | 128M+3.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
VSAT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.1B+1.4% | $15.2B-1.4% | $14.9B-4.4% | $14.8B-16.9% | $14.9B-7.4% | $15.4B-5.4% | $15.6B-6.3% | $17.8B+4.0% |
| Current Assets | $3.1B+26.4% | $3.1B+8.2% | $2.6B-6.8% | $2.4B-51.9% | $2.5B-26.2% | $2.9B-17.0% | $2.8B-23.9% | $5.1B+24.7% |
| Cash & Equivalents | $1.7B+47.4% | $1.7B+8.4% | $1.3B-13.5% | $1.2B-65.2% | $1.2B-35.0% | $1.6B-15.2% | $1.6B-4.0% | $3.5B+79.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0 |
| Inventory | $293.8M+3.4% | $281.2M-4.3% | $287.0M-10.4% | $278.7M-14.8% | $284.2M-13.8% | $293.9M-7.5% | $320.1M-9.5% | $327.0M-5.4% |
| Accounts Receivable | $744.4M+8.5% | $753.4M+7.7% | $749.4M+15.5% | $682.8M-4.8% | $686.2M-1.3% | $699.6M+3.1% | $649.0M-4.0% | $717.3M+7.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.6B-0.1% | $1.6B+0.2% | $1.6B+0.4% | $1.6B+0.1% | $1.6B+0.3% | $1.6B0.0% | $1.6B+0.4% | $1.6B+18.0% |
| Total Liabilities | $10.4B+1.0% | $10.5B-2.8% | $10.3B-4.4% | $10.2B-20.1% | $10.3B-6.4% | $10.8B-4.0% | $10.8B-6.5% | $12.7B+7.6% |
| Current Liabilities | $1.9B+59.6% | $1.3B-22.6% | $1.2B-21.2% | $1.2B-66.7% | $1.2B+7.6% | $1.7B+29.4% | $1.6B+14.8% | $3.5B+127.4% |
| Non-Current Liabilities | $8.5B-6.5% | $9.2B+0.8% | $9.0B-1.5% | $9.0B-2.3% | $9.1B-7.9% | $9.1B-8.4% | $9.2B-9.4% | $9.2B-10.4% |
| Long-Term Debt | $5.8B-11.5% | $6.4B-2.2% | $6.2B-4.5% | $6.5B+2.0% | $6.5B-8.4% | $6.5B-8.4% | $6.5B-9.5% | $6.4B-11.4% |
| Total Equity | $4.6B+1.7% | $4.7B+2.3% | $4.6B-4.0% | $4.5B-8.3% | $4.6B-9.3% | $4.6B-9.4% | $4.8B-6.7% | $4.9B-4.9% |
| Retained Earnings | -$411.4M-7.7% | -$359.6M-10.5% | -$418.4M-426.5% | -$443.4M-661.7% | -$382.0M-276.4% | -$325.5M-230.5% | -$79.5M-122.7% | $78.9M-83.4% |
VSAT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $260.6M+0.8% | $322.3M+8.0% | $726.9M+231.2% | $282.2M+18.0% | $258.5M+71.1% | $298.4M+28.6% | $219.5M+64.3% | $239.2M+9.2% |
| Depreciation & Amortization | $314.0M-8.1% | $346.7M+2.8% | $339.9M+0.6% | $326.3M-8.0% | $341.7M+3.2% | $337.2M+7.9% | $337.8M+0.3% | $354.7M+6.3% |
| Stock-Based Compensation | $24.2M+64.5% | N/A | N/A | N/A | $14.7M-23.3% | N/A | $21.5M-3.2% | $22.8M+5.1% |
| Investing Cash Flow | -$218.9M-24.4% | -$95.4M+59.1% | -$274.0M-42.3% | -$213.7M-92.9% | -$175.9M+20.6% | -$233.5M-245.3% | -$192.6M+57.3% | -$110.8M+52.1% |
| Financing Cash Flow | -$50.2M+90.2% | $173.1M+2682.2% | -$333.8M+83.4% | -$19.9M-101.3% | -$513.8M-2188.4% | -$6.7M+94.0% | -$2.0B-6086.6% | $1.6B+16247.1% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
VSAT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 4.1%+0.1pp | -0.1%+13.4pp | 2.3%+0.4pp | 3.1%+5.3pp | 4.0%-1.3pp | -13.4%-13.4pp | 1.9%+5.8pp | -2.2%+63.5pp |
| Net Margin | -4.5%+0.4pp | 5.0%+26.5pp | 2.2%+16.3pp | -5.4%+6.9pp | -4.8%-1.9pp | -21.4%-12.7pp | -14.1%-3.1pp | -12.3%+50.3pp |
| Return on Equity | -1.1%+0.1pp | 1.3%+6.7pp | 0.5%+3.9pp | -1.4%+1.4pp | -1.2%-0.6pp | -5.4%-3.4pp | -3.3%-0.9pp | -2.8%+12.0pp |
| Return on Assets | -0.3%0.0pp | 0.4%+2.0pp | 0.2%+1.2pp | -0.4%+0.4pp | -0.4%-0.2pp | -1.6%-1.0pp | -1.0%-0.3pp | -0.8%+3.7pp |
| Current Ratio | 1.68-0.4x | 2.41+0.7x | 2.13+0.3x | 2.08+0.6x | 2.11-1.0x | 1.72-1.0x | 1.80-0.9x | 1.44-1.2x |
| Debt-to-Equity | 1.25-0.2x | 1.37-0.1x | 1.370.0x | 1.44+0.1x | 1.430.0x | 1.430.0x | 1.370.0x | 1.30-0.1x |
| Asset Turnover | 0.080.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.070.0x | 0.070.0x | 0.060.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Viasat Inc VSAT | FY2026 | $4.6B | -$34.1M | -0.7% | $10.2B | 33/100 |
| Belden Inc. BDC | FY2025 | $2.7B | $237.5M | 8.8% | $4.8B | 58/100 |
| CommScope Holding Company, Inc. COMM | FY2025 | $1.9B | $2.3B | N/A | $4.3B | 42/100 |
| Extreme Networks EXTR | FY2026 | $1.3B | $42.1M | 3.3% | $2.9B | 50/100 |
| Viavi Solutions Inc. VIAV | FY2026 | $1.5B | -$30.4M | -2.0% | $9.6B | 57/100 |
| Ondas Inc. ONDS | FY2025 | $50.7M | -$133.4M | N/A | $4.1B | 55/100 |
Where Viasat Inc Ranks
Frequently Asked Questions
What is Viasat Inc's annual revenue?
Viasat Inc (VSAT) reported $4.6B in total revenue for fiscal year 2026. This represents a 2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Viasat Inc's revenue growing?
Viasat Inc (VSAT) revenue grew by 2.7% year-over-year, from $4.5B to $4.6B in fiscal year 2026.
Is Viasat Inc profitable?
No, Viasat Inc (VSAT) reported a net income of -$34.1M in fiscal year 2026, with a net profit margin of -0.7%.
What is Viasat Inc's EBITDA?
Viasat Inc (VSAT) had EBITDA of $1.5B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Viasat Inc have?
As of fiscal year 2026, Viasat Inc (VSAT) had $1.7B in cash and equivalents against $6.4B in long-term debt.
What is Viasat Inc's operating margin?
Viasat Inc (VSAT) had an operating margin of 2.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Viasat Inc's net profit margin?
Viasat Inc (VSAT) had a net profit margin of -0.7% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Viasat Inc's return on equity (ROE)?
Viasat Inc (VSAT) has a return on equity of -0.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Viasat Inc's operating cash flow?
Viasat Inc (VSAT) generated $1.6B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Viasat Inc's total assets?
Viasat Inc (VSAT) had $15.2B in total assets as of fiscal year 2026, including both current and long-term assets.
How much does Viasat Inc spend on research and development?
Viasat Inc (VSAT) invested $164.9M in research and development during fiscal year 2026.
What is Viasat Inc's current ratio?
Viasat Inc (VSAT) had a current ratio of 2.41 as of fiscal year 2026, which is generally considered healthy.
What is Viasat Inc's debt-to-equity ratio?
Viasat Inc (VSAT) had a debt-to-equity ratio of 1.37 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Viasat Inc's return on assets (ROA)?
Viasat Inc (VSAT) had a return on assets of -0.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Viasat Inc's P/E ratio?
Viasat Inc (VSAT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $10.2B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Viasat Inc's price-to-sales ratio?
Viasat Inc (VSAT) trades at 2.2x sales, its market capitalization divided by revenue of $4.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $10.2B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Viasat Inc's Altman Z-Score?
Viasat Inc (VSAT) has an Altman Z-Score of 1.02, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Viasat Inc's Piotroski F-Score?
Viasat Inc (VSAT) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Viasat Inc's earnings high quality?
Viasat Inc (VSAT) reported a net loss of $34.1M while generating $1.6B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Viasat Inc cover its interest payments?
Viasat Inc (VSAT) has an interest coverage ratio of 0.30x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Viasat Inc?
Viasat Inc (VSAT) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.