VIASAT INC

Listed Company

VSATCIK 0000797721NasdaqLarge AcceleratedCommunications Services, NecDelawareFY ends Mar 31

Period

FY 2026

Revenue

$4.64B

Net Income

$-34.09M

Total Assets

$15.23B

Equity

$4.66B

Shares Out

136.57M

Op. Cash Flow

$1.59B

Business

Viasat Inc is an innovative global provider of communications technologies and services focused on making connectivity accessible, available and secure worldwide. It offers an end-to-end multi-band platform of satellites, ground infrastructure and user terminals delivering broadband and narrowband connectivity, in-flight connectivity for aviation, maritime services, fixed residential and enterprise internet, government satcom, cybersecurity, situational awareness and command-and-control products. The company operates through two reportable segments: communication services and defense and advanced technologies. It serves aviation, maritime, enterprise, consumer, military and government customers across the Americas, Europe, Latin America and through direct and partner distribution channels globally.

Summary from filing dated 2025-05-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Revenues:	—	—	—
Total revenues	4,640	4,520	4,284
Operating expenses:	—	—	—
Cost of revenues	3,107	3,030	2,902
Selling, general and administrative (including ground network (FY25), satellite (FY24) impairment and related charges, net - see Note 1)	999	1,181	1,894
Independent research and development	165	142	151
Amortization of acquired intangible assets	261	264	227
Income (loss) from operations	108	−97	−890
Other income (expense):	—	—	—
Interest income	206	84	96
Interest expense	360	422	400
(Loss) gain on extinguishment of debt, net	−12	−100	—
Other income (expense), net	163	−10	—
Income (loss) from continuing operations before income taxes	105	−545	−1,194
(Provision for) benefit from income taxes from continuing operations	116	−941,000	−139
Equity in income (loss) of unconsolidated affiliate, net	15	13	7
Net income (loss) from continuing operations	4	−531	−1,047
Net income (loss) from discontinued operations, net of tax	—	—	−10
Net income (loss)	4	−531	−1,058
Less: net income (loss) attributable to noncontrolling interest, net of tax	38	44	11
Net income (loss) attributable to Viasat, Inc.	−34	−575	−1,069
Income (loss) per share attributable to Viasat, Inc. common stockholders - basic:	—	—	—
Continuing operations	−0.25	−4.48	−9.03
Discontinued Operations	—	—	−0.09
Income (loss)	−0.25	−4.48	−9.12
Income (loss) per share attributable to Viasat, Inc. common stockholders - diluted:	—	—	—
Continuing Operations	−0.25	−4.48	−9.03
Discontinued Operations	—	—	−0.09
Income (loss)	−0.25	−4.48	−9.12
Shares used in computing basic net income (loss) per share	135	128	117
Shares used in computing diluted net income (loss) per share	135	128	117
Comprehensive income (loss):	—	—	—
Net income (loss)	4	−531	−1,058
Other comprehensive income (loss), net of tax:	—	—	—
Foreign currency translation adjustments, net of tax	22	−9	3
Unrealized gain (loss) on hedging, net of tax	—	−16	10
Other comprehensive income (loss), net of tax	22	−26	13
Comprehensive income (loss)	26	−557	−1,044
Less: comprehensive income (loss) attributable to noncontrolling interest, net of tax	38	44	11
Comprehensive income (loss) attributable to Viasat, Inc.	−12	−601	−1,055

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
ASSETS	—	—
Current assets:	—	—
Cash and cash equivalents	1,747	1,612
Accounts receivable, net	753	700
Inventories	281	294
Prepaid expenses and other current assets	343	282
Total current assets	3,124	2,888
Property, equipment and satellites, net	7,273	7,406
Operating lease right-of-use assets	428	416
Acquired intangible assets, net	1,997	2,271
Goodwill	1,625	1,622
Other assets	780	846
Total assets	15,227	15,449
LIABILITIES AND EQUITY	—	—
Current liabilities:	—	—
Accounts payable	288	264
Accrued and other liabilities	951	909
Current portion of long-term debt	58	504
Total current liabilities	1,297	1,677
Senior notes	3,665	3,653
Other long-term debt	2,726	2,879
Non-current operating lease liabilities	430	414
Other liabilities	2,379	2,181
Total liabilities	10,497	10,804
Commitments and contingencies (Notes 13 and 14)	—	—
Equity:	—	—
Viasat, Inc. stockholders’ equity	—	—
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding at both March 31, 2026 and 2025	0	0
Common stock, $0.0001 par value, 200,000,000 shares authorized; 136,557,695 and 130,210,407 shares outstanding at March 31, 2026 and 2025, respectively	14,000	13,000
Paid-in capital	5,045	4,926
Retained earnings (accumulated deficit)	−360	−326
Accumulated other comprehensive income (loss)	−25	−47
Total Viasat, Inc. stockholders’ equity	4,660	4,554
Noncontrolling interest in subsidiary	69	91
Total equity	4,729	4,645
Total liabilities and equity	15,227	15,449

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Cash flows from operating activities:	—	—	—
Net income (loss)	4	−531	−1,058
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	—	—	—
Depreciation	1,039	1,036	868
Amortization of intangible assets	316	324	290
Stock-based compensation expense	81	80	84
Disposition of fixed assets losses, ground network (FY25) and satellite (FY24) impairment, net	−23	−153	−975
Gain on sale of equity interest in unconsolidated affiliate	168	—	—
Loss (gain) on extinguishment of debt, net	−12	−100	—
Deferred income taxes and other non-cash adjustments	56	−107	−111
Increase (decrease) in cash resulting from changes in operating assets and liabilities, net of effect of acquisition:	—	—	—
Accounts receivable	58	60	69
Inventories	−13	−33	13
Other assets	7	−18	−46
Accounts payable	37	40	−41
Accrued liabilities	63	7	−142
Other liabilities	179	−187	−139
Net cash provided by (used in) operating activities	1,590	908	688
Cash flows from investing activities:	—	—	—
Purchase of property, equipment and satellites, and other assets	993	1,030	1,539
Proceeds from insurance claims on satellites	10	252	509
Proceeds from sale of equity interest in unconsolidated affiliate	203	—	—
Payment related to acquisition of business, net of cash acquired	—	—	343
Proceeds from sale of short-term investments	—	—	164
Payments to acquire short-term investments	—	—	82
Other investing activities	−21	−20	—
Net cash provided by (used in) investing activities	−759	−758	−1,291
Cash flows from financing activities:	—	—	—
Payments on debt borrowings	809	2,391	567
Proceeds from debt borrowings	176	1,975	1,737
Payments of debt issuance costs	3	36	53
Distributions to minority shareholders	60	—	—
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation	18	6	12
Proceeds from issuance of common stock under equity plans	18	18	19
Other financing activities	1	−3	448,000
Net cash provided by (used in) financing activities	−694	−443	1,124
Effect of exchange rate changes on cash	−2	4	275,000
Net increase (decrease) in cash and cash equivalents and restricted cash	135	−289	522
Cash and cash equivalents at end of fiscal year	—	—	—
Cash and cash equivalents at end of fiscal year	—	—	—
Supplemental information:	—	—	—
Cash paid for interest (net of amounts capitalized)	327	390	229
Cash paid for income taxes, net	81	196	201
Non-cash investing and financing activities:	—	—	—
Issuance of common stock in satisfaction of certain accrued employee compensation liabilities	28	28	31
Capital expenditures not paid for during the period	42	—	5
Issuance of common stock in connection with acquisition	—	—	—

Filings

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