Viasat (VSAT) Financials

$9.27 -0.10 (-1.07%)

As of 04:00 PM Eastern

Annual Income Statements for Viasat

This table shows Viasat's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-9.45	40	22	24	-67	-68	-0.21	3.69	-16	1,085	-1,069
Consolidated Net Income / (Loss)	-8.66	40	22	22	-68	-66	14	17	-2.48	1,091	-1,058
Net Income / (Loss) Continuing Operations	-8.66	40	22	22	-68	-66	14	-66	-102	-212	-1,047
Total Pre-Tax Income	-35	54	18	25	-105	-110	1.43	-78	-138	-162	-1,194
Total Operating Income	3.30	83	41	36	-92	-61	38	-46	-113	-156	-890
Total Gross Profit	360	419	433	510	474	531	700	565	706	721	1,382
Total Revenue	1,351	1,383	1,417	1,559	1,595	2,068	2,309	1,921	2,417	2,556	4,284
Operating Revenue	1,351	1,383	1,417	1,559	1,595	2,068	2,309	1,921	2,417	2,556	4,284
Total Cost of Revenue	991	964	984	1,049	1,121	1,538	1,610	1,356	1,711	1,835	2,902
Operating Cost of Revenue	991	964	984	1,049	1,121	1,538	1,610	1,356	1,711	1,835	2,902
Total Operating Expenses	357	335	392	474	566	591	661	611	819	877	2,271
Selling, General & Admin Expense	282	271	298	333	385	458	523	497	641	719	1,894
Research & Development Expense	61	47	77	130	168	123	130	109	149	129	151
Amortization Expense	15	18	16	11	12	9.66	7.61	5.48	29	30	227
Total Other Income / (Expense), net	-38	-29	-24	-11	-13	-50	-37	-32	-25	-6.20	-304
Interest Expense	38	31	26	12	4.03	50	39	33	29	27	400
Interest & Investment Income	0.04	2.02	2.23	1.01	0.96	0.15	1.65	0.44	0.50	20	96
Other Income / (Expense), net	-	-	-	0.00	-10	-	0.00	0.00	4.12	1.10	0.00
Income Tax Expense	-26	14	-4.17	3.62	-35	-41	-7.92	-11	-37	49	-139
Other Gains / (Losses), net	-	-	-	0.00	1.98	3.00	4.47	0.56	-0.28	-0.07	6.98
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	84	99	1,302	-10
Net Income / (Loss) Attributable to Noncontrolling Interest	0.79	-0.47	0.03	-2.00	-0.97	1.15	14	13	13	5.94	11
Basic Earnings per Share	($0.21)	$0.86	$0.45	$0.45	($1.15)	($1.13)	$0.00	$0.06	($0.21)	$14.29	($9.12)
Weighted Average Basic Shares Outstanding	45.74M	47.14M	48.46M	52.32M	58.44M	59.94M	61.63M	66.44M	73.40M	75.92M	117.19M
Diluted Earnings per Share	($0.21)	$0.84	$0.44	$0.45	($1.15)	($1.13)	$0.00	$0.06	($0.21)	$14.29	($9.12)
Weighted Average Diluted Shares Outstanding	45.74M	48.29M	49.45M	53.40M	58.44M	59.94M	61.63M	66.44M	73.40M	75.92M	117.19M
Weighted Average Basic & Diluted Shares Outstanding	45M	46.90M	48.30M	52.80M	58.50M	59.80M	62.15M	72.53M	74.44M	76.91M	125.86M

This table shows Viasat's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	-22	-48	-42	1,197	-77	-767	-124	-100	-33	-138	-158
Consolidated Net Income / (Loss)	-21	-48	-40	1,200	-77	-766	-119	-96	-22	-122	-147
Net Income / (Loss) Continuing Operations	-39	-70	-45	-59	-77	-766	-119	-85	-22	-122	-147
Total Pre-Tax Income	-61	6.94	-40	-68	-78	-858	-157	-101	-23	-119	-162
Total Operating Income	-57	4.69	-31	-73	-42	-805	-44	0.30	60	-25	21
Total Gross Profit	157	222	168	174	235	459	361	326	416	347	362
Total Revenue	575	664	651	666	780	1,225	1,129	1,150	1,126	1,122	1,124
Operating Revenue	575	664	651	666	780	1,225	1,129	1,150	1,126	1,122	1,124
Total Cost of Revenue	418	442	483	492	545	766	767	824	711	775	762
Operating Cost of Revenue	418	442	483	492	545	766	767	824	711	775	762
Total Operating Expenses	214	217	200	247	276	1,264	405	326	356	372	341
Selling, General & Admin Expense	172	177	163	207	220	1,149	272	253	251	272	238
Research & Development Expense	35	32	29	32	29	33	42	46	39	33	37
Amortization Expense	7.52	7.38	7.43	7.48	28	81	92	26	66	66	66
Total Other Income / (Expense), net	-4.74	2.26	-8.22	4.50	-37	-54	-113	-101	-83	-95	-183
Interest Expense	5.87	4.64	8.75	7.55	56	86	134	125	106	115	94
Interest & Investment Income	0.12	6.81	0.53	12	19	32	21	24	23	24	18
Other Income / (Expense), net	1.01	0.09	0.00	-	-	0.00	0.00	-	-	-3.20	-107
Income Tax Expense	-23	77	5.21	-9.63	-0.53	-93	-34	-11	1.18	5.92	-12
Other Gains / (Losses), net	0.00	-0.04	-0.01	-0.01	0.83	-0.50	2.69	3.96	2.75	3.44	3.41
Net Income / (Loss) Attributable to Noncontrolling Interest	0.53	0.68	1.80	2.93	0.10	1.48	5.05	4.36	11	16	12
Basic Earnings per Share	($0.29)	($0.64)	($0.55)	$15.77	($0.83)	($6.16)	($0.99)	($1.14)	($0.26)	($1.07)	($1.23)
Weighted Average Basic Shares Outstanding	74.86M	75.76M	76.14M	75.92M	93.11M	124.53M	125.10M	117.19M	126.58M	128.38M	128.94M
Diluted Earnings per Share	($0.29)	($0.64)	($0.55)	$15.77	($0.83)	($6.16)	($0.99)	($1.14)	($0.26)	($1.07)	($1.23)
Weighted Average Diluted Shares Outstanding	74.86M	75.76M	76.14M	75.92M	93.11M	124.53M	125.10M	117.19M	126.58M	128.38M	128.94M
Weighted Average Basic & Diluted Shares Outstanding	75.55M	75.59M	76.37M	76.91M	124.05M	124.51M	125.32M	125.86M	127.78M	128.39M	129.12M

This table details how cash moves in and out of Viasat's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-47	-6.08	-10	88	-59	190	43	-8.36	15	1,069	522
Net Cash From Operating Activities	205	350	297	411	359	328	437	727	506	368	688
Net Cash From Continuing Operating Activities	205	350	297	411	359	328	437	719	506	368	688
Net Income / (Loss) Continuing Operations	-8.66	40	22	22	-68	-66	14	17	-2.48	1,091	-1,058
Consolidated Net Income / (Loss)	-8.66	40	22	22	-68	-66	14	17	-2.48	1,091	-1,058
Depreciation Expense	159	180	193	201	210	262	280	331	407	410	868
Amortization Expense	26	42	49	45	45	56	62	66	88	91	290
Non-Cash Adjustments To Reconcile Net Income	74	76	90	101	82	96	129	124	134	-1,572	1,059
Changes in Operating Assets and Liabilities, net	-45	12	-57	42	89	-21	-48	181	-121	349	-470
Net Cash From Investing Activities	-354	-477	-456	-715	-584	-489	-759	-885	-1,130	768	-1,291
Net Cash From Continuing Investing Activities	-354	-477	-456	-715	-584	-489	-759	-885	-1,130	768	-1,291
Purchase of Property, Plant & Equipment	-308	-366	-378	-515	-512	-637	-694	-827	-990	-1,164	-1,539
Acquisitions	-47	-110	-78	-228	-73	-52	-67	-58	-140	0.00	-343
Purchase of Investments	-	-	-	-	-	-	-	-	0.00	0.00	-82
Divestitures	-	-	-	-	-	-	-	0.00	0.00	1,932	0.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	0.00	0.00	164
Other Investing Activities, net	-	-	-	0.00	-	186	2.28	-	0.00	0.00	509
Net Cash From Financing Activities	102	121	149	393	166	355	365	150	644	-66	1,124
Net Cash From Continuing Financing Activities	102	121	149	393	166	355	365	150	644	-66	1,124
Repayment of Debt	-196	-251	-2.62	-278	-597	-753	-64	-430	-620	-581	-620
Payment of Dividends	-	-	-	-	-	-	-	0.00	0.00	-30	0.00
Issuance of Debt	295	364	351	167	753	1,110	420	400	1,266	540	1,737
Issuance of Common Equity	19	23	22	525	35	26	38	194	21	22	19
Other Financing Activities, net	-16	-15	-221	-22	-24	-29	-29	-14	-23	-16	-12
Effect of Exchange Rate Changes	0.13	-0.51	0.05	-1.07	1.43	-2.49	-0.71	0.01	-4.92	-0.84	0.28
Cash Interest Paid	34	30	22	10	3.72	35	28	24	15	11	229
Cash Income Taxes Paid	1.19	0.49	1.38	1.47	4.02	1.76	11	6.67	17	16	201

This table details how cash moves in and out of Viasat's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	-89	-72	33	1,197	613	-24	-348	280	-89	1,718	-1,973
Net Cash From Operating Activities	40	188	89	50	104	219	134	232	151	239	219
Net Cash From Continuing Operating Activities	40	188	89	50	104	219	134	232	151	239	219
Net Income / (Loss) Continuing Operations	-21	-48	-40	1,200	-77	-766	-119	-96	-22	-122	-147
Consolidated Net Income / (Loss)	-21	-48	-40	1,200	-77	-766	-119	-96	-22	-122	-147
Depreciation Expense	102	102	103	102	132	237	229	270	250	273	257
Amortization Expense	22	22	22	25	43	97	107	43	81	82	81
Non-Cash Adjustments To Reconcile Net Income	32	37	32	-1,674	31	848	44	135	39	44	133
Changes in Operating Assets and Liabilities, net	-96	75	-27	397	-25	-197	-128	-120	-197	-38	-105
Net Cash From Investing Activities	-271	-284	-296	1,619	-770	-231	-451	161	-222	-111	-193
Net Cash From Continuing Investing Activities	-271	-284	-296	1,619	-770	-231	-451	161	-222	-111	-193
Purchase of Property, Plant & Equipment	-271	-284	-296	-314	-375	-366	-421	-378	-301	-229	-253
Other Investing Activities, net	-	-	-	-	0.00	-	-	-	80	118	60
Net Cash From Financing Activities	144	24	238	-472	1,278	-9.86	-32	-112	-22	1,591	-2,005
Net Cash From Continuing Financing Activities	144	24	238	-472	1,278	-9.86	-32	-112	-22	1,591	-2,005
Repayment of Debt	-15	-70	-12	-484	-54	-20	-24	-522	-21	-392	-2,002
Other Financing Activities, net	-0.51	-0.33	-15	-0.57	-2.21	-0.35	-8.66	-0.49	-1.42	-0.98	-2.81
Effect of Exchange Rate Changes	-1.93	-1.07	1.84	0.32	0.62	-1.35	2.13	-1.12	3.44	-1.67	4.71

This table presents Viasat's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,960	2,158	2,397	2,955	3,414	3,915	4,884	5,349	6,389	7,730	16,329
Total Current Assets	532	492	522	615	613	887	1,046	991	1,159	2,245	3,479
Cash & Equivalents	58	52	42	130	71	262	304	296	310	1,349	1,901
Restricted Cash	-	-	-	-	-	-	-	-	0.00	31	0.00
Short-Term Investments	-	-	-	-	-	-	-	-	-	-	0.00
Accounts Receivable	272	266	287	264	268	300	331	239	312	420	678
Inventories, net	120	128	145	163	196	235	294	337	198	269	318
Prepaid Expenses	44	45	48	58	77	91	116	120	141	177	582
Plant, Property, & Equipment, net	1,053	1,180	1,385	1,649	1,962	2,125	2,587	3,050	3,705	4,378	7,557
Total Noncurrent Assets	376	486	491	691	839	903	1,251	1,308	1,525	1,108	5,293
Goodwill	84	117	117	120	121	122	121	122	169	159	1,622
Intangible Assets	35	42	34	42	32	22	14	9.57	236	201	2,544
Other Noncurrent Operating Assets	257	327	340	529	686	759	1,116	1,176	1,043	748	1,127
Total Liabilities & Shareholders' Equity	1,960	2,158	2,397	2,955	3,414	3,915	4,884	5,349	6,389	7,730	16,329
Total Liabilities	1,013	1,115	1,263	1,217	1,566	1,999	2,834	2,962	3,707	3,870	11,257
Total Current Liabilities	275	268	280	326	466	485	605	708	770	957	1,296
Short-Term Debt	-	-	-	0.29	45	20	30	30	35	38	58
Accounts Payable	99	77	96	100	157	157	184	145	201	272	287
Accrued Expenses	176	191	184	225	264	308	391	533	483	647	951
Total Noncurrent Liabilities	739	846	983	891	1,100	1,514	2,229	2,254	2,936	2,913	9,961
Long-Term Debt	690	846	983	891	1,100	1,514	1,822	1,803	2,451	2,422	7,129
Other Noncurrent Operating Liabilities	49	-	-	-	-	-	407	451	469	492	2,832
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	947	1,044	1,134	1,738	1,848	1,916	2,050	2,387	2,683	3,861	5,073
Total Preferred & Common Equity	941	1,039	1,129	1,735	1,837	1,908	2,028	2,351	2,634	3,824	5,025
Total Common Equity	941	1,039	1,129	1,735	1,837	1,908	2,028	2,351	2,634	3,824	5,025
Common Stock	776	786	855	1,440	1,536	1,657	1,788	2,093	2,422	2,541	4,797
Retained Earnings	212	252	274	297	286	246	245	249	234	1,318	249
Accumulated Other Comprehensive Income / (Loss)	2.31	0.15	0.01	-2.50	16	5.34	-6.05	9.80	-22	-35	-21
Noncontrolling Interest	5.62	5.15	5.32	3.31	11	8.33	22	36	49	36	47

This table presents Viasat's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	6,087	6,483	6,510	6,802	17,898	17,072	16,651	16,088	17,755	15,600
Total Current Assets	1,028	1,128	1,147	1,252	3,426	4,059	3,736	3,327	5,061	2,842
Cash & Equivalents	166	222	149	182	1,959	1,962	1,621	1,812	3,530	1,556
Restricted Cash	-	-	-	-	34	7.18	0.00	-	0.00	0.00
Short-Term Investments	-	-	-	-	134	-	30	-	0.00	0.00
Accounts Receivable	363	372	320	369	631	664	676	695	717	649
Inventories, net	354	362	244	261	336	346	354	330	327	320
Prepaid Expenses	145	173	148	157	334	1,080	1,056	491	487	316
Plant, Property, & Equipment, net	3,603	3,864	4,003	4,198	9,163	7,708	7,374	7,532	7,486	7,556
Total Noncurrent Assets	1,456	1,491	1,360	1,352	5,308	5,305	5,540	5,229	5,208	5,203
Goodwill	191	187	162	166	1,592	1,376	1,614	1,621	1,624	1,620
Intangible Assets	238	222	211	207	2,546	2,772	2,774	2,475	2,411	2,338
Other Noncurrent Operating Assets	1,027	1,081	987	978	1,170	1,157	1,153	1,132	1,173	1,245
Total Liabilities & Shareholders' Equity	6,087	6,483	6,510	6,802	17,898	17,072	16,651	16,088	17,755	15,600
Total Liabilities	3,411	3,781	3,882	4,180	11,922	11,844	11,505	11,000	12,746	10,754
Total Current Liabilities	787	726	804	851	1,471	1,549	1,377	1,080	3,524	1,580
Short-Term Debt	30	38	39	41	60	63	63	58	2,378	507
Accounts Payable	251	247	245	300	378	389	315	231	247	219
Accrued Expenses	506	441	453	446	1,034	1,098	999	791	899	855
Total Noncurrent Liabilities	2,624	3,055	3,078	3,329	10,450	10,295	10,128	9,920	9,222	9,174
Long-Term Debt	2,149	2,590	2,647	2,899	7,218	7,228	7,223	7,129	6,405	6,536
Other Noncurrent Operating Liabilities	475	465	431	429	3,232	3,067	2,906	2,792	2,817	2,638
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,676	2,702	2,628	2,622	5,976	5,228	5,146	5,088	5,009	4,846
Total Preferred & Common Equity	2,634	2,653	2,597	2,589	5,940	5,190	5,103	5,029	4,935	4,761
Total Common Equity	2,634	2,653	2,597	2,589	5,940	5,190	5,103	5,029	4,935	4,761
Common Stock	2,398	2,483	2,497	2,506	4,718	4,753	4,768	4,845	4,879	4,899
Retained Earnings	263	212	164	121	1,241	474	350	217	79	-79
Accumulated Other Comprehensive Income / (Loss)	-26	-42	-64	-39	-20	-37	-15	-32	-22	-59
Noncontrolling Interest	41	49	32	33	36	38	43	58	74	86

This table displays calculated financial ratios and metrics derived from Viasat's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.70%	2.30%	2.52%	10.01%	2.26%	29.70%	11.65%	-16.82%	25.84%	5.75%	67.59%
EBITDA Growth	193.25%	61.70%	-7.02%	-0.29%	-45.73%	68.35%	47.52%	-7.74%	10.05%	-10.59%	-22.52%
EBIT Growth	107.04%	2,420.28%	-50.54%	-11.33%	-380.87%	40.80%	163.38%	-219.60%	-137.25%	-42.04%	-474.59%
NOPAT Growth	116.20%	2,573.66%	-17.61%	-38.54%	-306.41%	34.24%	692.40%	-112.80%	-146.21%	-37.84%	-470.55%
Net Income Growth	78.69%	560.79%	-45.43%	-0.01%	-413.66%	2.65%	120.78%	23.80%	-114.52%	44,028.63%	-196.99%
EPS Growth	77.66%	500.00%	-47.62%	2.27%	-355.56%	1.74%	100.00%	0.00%	-450.00%	6,904.76%	-163.82%
Operating Cash Flow Growth	163.03%	70.38%	-15.04%	38.51%	-12.80%	-8.67%	33.39%	66.44%	-30.47%	-27.25%	87.08%
Free Cash Flow Firm Growth	-36.39%	-7.08%	5.84%	-110.62%	-23.90%	36.52%	48.91%	-127.62%	-124.30%	50.55%	-1,415.64%
Invested Capital Growth	13.47%	16.46%	12.92%	20.44%	16.89%	9.12%	12.84%	9.09%	18.52%	6.22%	109.67%
Revenue Q/Q Growth	2.68%	1.53%	0.51%	2.93%	1.48%	0.00%	0.00%	-32.37%	11.91%	6.15%	12.74%
EBITDA Q/Q Growth	47.63%	10.73%	-3.51%	-0.78%	-20.37%	72.22%	-10.20%	-16.87%	5.39%	1.33%	2,850.39%
EBIT Q/Q Growth	229.78%	33.40%	-22.86%	-11.67%	-81.37%	61.53%	-56.45%	-206.32%	-1.11%	2.27%	7.58%
NOPAT Q/Q Growth	229.78%	3.36%	14.29%	-16.05%	-63.28%	61.53%	307.01%	-190.11%	-1.07%	2.25%	7.58%
Net Income Q/Q Growth	-199.45%	37.73%	-12.28%	-0.63%	-53.39%	27.24%	-3.26%	127.35%	-107.38%	934.70%	-544.96%
EPS Q/Q Growth	-133.33%	40.00%	-13.73%	4.65%	-61.97%	45.41%	-100.00%	300.00%	-167.74%	864.17%	-217.07%
Operating Cash Flow Q/Q Growth	25.27%	2.30%	-0.21%	5.43%	-5.92%	12.68%	7.55%	3.75%	-9.09%	-15.80%	35.88%
Free Cash Flow Firm Q/Q Growth	11.24%	-68.88%	20.08%	-51.62%	8.64%	28.27%	66.66%	-120.01%	10.41%	31.76%	4.00%
Invested Capital Q/Q Growth	0.62%	5.30%	2.57%	7.75%	3.86%	1.75%	-1.94%	1.47%	-0.80%	-4.27%	-3.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.65%	30.28%	30.55%	32.73%	29.71%	25.65%	30.29%	29.42%	29.20%	28.22%	32.25%
EBITDA Margin	13.94%	22.03%	19.98%	18.11%	9.61%	12.47%	16.48%	18.28%	15.99%	13.52%	6.25%
Operating Margin	0.24%	6.01%	2.90%	2.34%	-5.78%	-2.93%	1.66%	-2.39%	-4.68%	-6.10%	-20.77%
EBIT Margin	0.24%	6.01%	2.90%	2.34%	-6.42%	-2.93%	1.66%	-2.39%	-4.51%	-6.06%	-20.77%
Profit (Net Income) Margin	-0.64%	2.89%	1.54%	1.40%	-4.28%	-3.21%	0.60%	0.89%	-0.10%	42.67%	-24.70%
Tax Burden Percent	25.02%	74.26%	123.71%	85.75%	64.73%	60.16%	967.30%	-21.87%	1.80%	-672.66%	88.61%
Interest Burden Percent	-1,048.92%	64.61%	42.80%	69.62%	102.99%	182.25%	3.72%	170.17%	126.50%	104.71%	134.18%
Effective Tax Rate	0.00%	25.74%	-23.71%	14.25%	0.00%	0.00%	-554.27%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.16%	3.62%	2.60%	1.37%	-2.38%	-1.39%	7.41%	-0.86%	-1.85%	-2.28%	-8.14%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.81%	0.55%	-0.75%	0.25%	-2.79%	-3.44%	-9.44%	2.34%	2.53%	76.44%	-21.81%
Return on Net Nonoperating Assets (RNNOA)	-1.09%	0.39%	-0.60%	0.15%	-1.43%	-2.14%	-6.71%	1.63%	1.75%	35.62%	-15.54%
Return on Equity (ROE)	-0.93%	4.01%	2.00%	1.52%	-3.81%	-3.53%	0.70%	0.77%	-0.10%	33.34%	-23.69%
Cash Return on Invested Capital (CROIC)	-12.46%	-11.60%	-9.53%	-17.17%	-17.96%	-10.11%	-4.65%	-9.55%	-18.80%	-8.31%	-78.97%
Operating Return on Assets (OROA)	0.18%	4.04%	1.81%	1.36%	-3.22%	-1.65%	0.87%	-0.90%	-1.86%	-2.19%	-7.40%
Return on Assets (ROA)	-0.46%	1.94%	0.96%	0.81%	-2.14%	-1.81%	0.31%	0.33%	-0.04%	15.45%	-8.79%
Return on Common Equity (ROCE)	-0.93%	3.99%	1.99%	1.51%	-3.79%	-3.51%	0.69%	0.76%	-0.10%	32.91%	-23.46%
Return on Equity Simple (ROE_SIMPLE)	-0.92%	3.84%	1.93%	1.25%	-3.72%	-3.48%	0.68%	0.73%	-0.09%	28.52%	-21.05%
Net Operating Profit after Tax (NOPAT)	2.31	62	51	31	-65	-42	251	-32	-79	-109	-623
NOPAT Margin	0.17%	4.47%	3.59%	2.00%	-4.05%	-2.05%	10.89%	-1.67%	-3.28%	-4.27%	-14.54%
Net Nonoperating Expense Percent (NNEP)	1.97%	3.07%	3.35%	1.12%	0.41%	2.05%	16.85%	-3.19%	-4.38%	-78.72%	13.67%
Cost of Revenue to Revenue	73.35%	69.72%	69.45%	67.27%	70.29%	74.35%	69.71%	70.58%	70.80%	71.78%	67.75%
SG&A Expenses to Revenue	20.83%	19.59%	21.05%	21.39%	24.17%	22.17%	22.65%	25.88%	26.51%	28.11%	44.21%
R&D to Revenue	4.49%	3.38%	5.45%	8.31%	10.56%	5.95%	5.65%	5.65%	6.18%	5.04%	3.52%
Operating Expenses to Revenue	26.41%	24.27%	27.65%	30.39%	35.49%	28.58%	28.63%	31.82%	33.88%	34.32%	53.03%
Earnings before Interest and Taxes (EBIT)	3.30	83	41	36	-102	-61	38	-46	-109	-155	-890
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	188	305	283	282	153	258	381	351	386	346	268
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.20	2.75	3.18	2.12	2.11	2.46	1.10	1.40	1.38	0.68	0.45
Price to Tangible Book Value (P/TBV)	3.66	3.25	3.67	2.34	2.30	2.66	1.18	1.48	1.63	0.75	2.64
Price to Revenue (P/Rev)	2.23	2.07	2.53	2.36	2.43	2.27	0.97	1.71	1.50	1.01	0.53
Price to Earnings (P/E)	0.00	70.80	165.17	154.64	0.00	0.00	0.00	892.18	0.00	2.38	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	1.41%	0.61%	0.65%	0.00%	0.00%	0.00%	0.11%	0.00%	41.97%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.31	1.99	2.19	1.78	1.70	1.87	1.06	1.24	1.26	0.75	0.73
Enterprise Value to Revenue (EV/Rev)	2.70	2.65	3.20	2.85	3.11	2.89	1.65	2.53	2.42	1.45	1.77
Enterprise Value to EBITDA (EV/EBITDA)	19.35	12.01	16.02	15.72	32.33	23.13	9.99	13.86	15.15	10.71	28.39
Enterprise Value to EBIT (EV/EBIT)	1,104.84	43.99	110.34	121.78	0.00	0.00	98.94	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	1,578.34	59.23	89.19	142.02	0.00	0.00	15.12	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.77	10.46	15.28	10.80	13.81	18.22	8.70	6.69	11.58	10.06	11.04
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.81	0.87	0.51	0.62	0.80	0.90	0.77	0.93	0.64	1.42
Long-Term Debt to Equity	0.73	0.81	0.87	0.51	0.60	0.79	0.89	0.76	0.91	0.63	1.41
Financial Leverage	0.60	0.72	0.80	0.59	0.51	0.62	0.71	0.70	0.69	0.47	0.71
Leverage Ratio	2.02	2.07	2.09	1.86	1.78	1.95	2.22	2.31	2.32	2.16	2.69
Compound Leverage Factor	-21.23	1.34	0.90	1.30	1.83	3.55	0.08	3.92	2.93	2.26	3.61
Debt to Total Capital	42.15%	44.78%	46.42%	33.90%	38.25%	44.46%	47.45%	43.44%	48.10%	38.92%	58.62%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.01%	1.51%	0.58%	0.76%	0.72%	0.68%	0.60%	0.47%
Long-Term Debt to Total Capital	42.15%	44.78%	46.42%	33.89%	36.74%	43.88%	46.69%	42.71%	47.42%	38.31%	58.15%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.34%	0.27%	0.25%	0.13%	0.36%	0.24%	0.57%	0.85%	0.94%	0.57%	0.38%
Common Equity to Total Capital	57.51%	54.95%	53.33%	65.97%	61.38%	55.30%	51.97%	55.72%	50.96%	60.51%	40.99%
Debt to EBITDA	3.66	2.78	3.47	3.16	7.47	5.94	4.86	5.22	6.43	7.12	26.85
Net Debt to EBITDA	3.35	2.61	3.32	2.70	7.01	4.93	4.07	4.38	5.63	3.13	19.75
Long-Term Debt to EBITDA	3.66	2.78	3.47	3.16	7.18	5.87	4.79	5.13	6.34	7.01	26.63
Debt to NOPAT	298.69	13.71	19.32	28.52	-17.74	-36.14	7.37	-56.99	-31.39	-22.53	-11.54
Net Debt to NOPAT	273.42	12.86	18.49	24.35	-16.64	-29.98	6.15	-47.79	-27.47	-9.89	-8.49
Long-Term Debt to NOPAT	298.69	13.71	19.32	28.51	-17.04	-35.67	7.25	-56.04	-30.95	-22.18	-11.45
Altman Z-Score	2.78	2.59	2.63	2.64	2.02	2.09	1.15	1.13	1.03	1.10	0.39
Noncontrolling Interest Sharing Ratio	0.56%	0.54%	0.48%	0.30%	0.39%	0.51%	0.77%	1.31%	1.67%	1.30%	0.93%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.93	1.83	1.86	1.89	1.31	1.83	1.73	1.40	1.51	2.35	2.68
Quick Ratio	1.20	1.19	1.17	1.21	0.73	1.16	1.05	0.75	0.81	1.85	1.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-185	-198	-187	-393	-487	-309	-158	-359	-806	-399	-6,041
Operating Cash Flow to CapEx	66.69%	95.37%	78.58%	84.43%	70.10%	52.59%	62.96%	87.91%	51.06%	31.59%	44.71%
Free Cash Flow to Firm to Interest Expense	-4.88	-6.30	-7.24	-32.51	-120.89	-6.18	-4.09	-10.99	-27.42	-14.87	-15.09
Operating Cash Flow to Interest Expense	5.41	11.11	11.53	34.04	89.08	6.55	11.31	22.25	17.20	13.72	1.72
Operating Cash Flow Less CapEx to Interest Expense	-2.70	-0.54	-3.14	-6.28	-38.00	-5.90	-6.65	-3.06	-16.49	-29.71	-2.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.67	0.62	0.58	0.50	0.56	0.52	0.38	0.41	0.36	0.36
Accounts Receivable Turnover	5.02	5.14	5.13	5.67	6.00	7.28	7.32	6.75	8.78	6.98	7.80
Inventory Turnover	8.78	7.77	7.20	6.80	6.24	7.14	6.09	4.30	6.40	7.87	9.90
Fixed Asset Turnover	1.37	1.24	1.11	1.03	0.88	1.01	0.98	0.68	0.72	0.63	0.72
Accounts Payable Turnover	10.90	10.97	11.41	10.71	8.70	9.77	9.44	8.25	9.90	7.77	10.39
Days Sales Outstanding (DSO)	72.77	71.05	71.21	64.42	60.82	50.12	49.87	54.09	41.59	52.27	46.78
Days Inventory Outstanding (DIO)	41.59	46.95	50.71	53.65	58.54	51.13	59.97	84.96	57.01	46.39	36.88
Days Payable Outstanding (DPO)	33.48	33.28	32.00	34.09	41.97	37.36	38.65	44.25	36.88	46.97	35.14
Cash Conversion Cycle (CCC)	80.87	84.72	89.93	83.99	77.38	63.89	71.19	94.80	61.72	51.69	48.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,578	1,838	2,075	2,499	2,922	3,188	3,597	3,924	4,651	4,941	10,359
Invested Capital Turnover	0.91	0.81	0.72	0.68	0.59	0.68	0.68	0.51	0.56	0.53	0.56
Increase / (Decrease) in Invested Capital	187	260	237	424	422	267	409	327	727	289	5,418
Enterprise Value (EV)	3,645	3,657	4,537	4,440	4,954	5,968	3,801	4,866	5,855	3,701	7,600
Market Capitalization	3,008	2,858	3,591	3,675	3,870	4,687	2,232	3,293	3,630	2,584	2,267
Book Value per Share	$20.42	$21.80	$23.10	$30.12	$31.20	$31.54	$32.64	$34.33	$35.40	$50.07	$40.10
Tangible Book Value per Share	$17.83	$18.45	$20.02	$27.32	$28.60	$29.16	$30.46	$32.40	$29.96	$45.36	$6.86
Total Capital	1,636	1,890	2,117	2,629	2,993	3,450	3,902	4,220	5,169	6,320	12,260
Total Debt	690	846	983	891	1,145	1,534	1,851	1,833	2,486	2,459	7,187
Total Long-Term Debt	690	846	983	891	1,100	1,514	1,822	1,803	2,451	2,422	7,129
Net Debt	631	794	941	761	1,073	1,272	1,547	1,537	2,176	1,080	5,286
Capital Expenditures (CapEx)	308	366	378	487	512	623	694	827	990	1,164	1,539
Debt-free, Cash-free Net Working Capital (DFCFNWC)	198	171	199	160	120	160	167	17	114	-54	340
Debt-free Net Working Capital (DFNWC)	257	223	242	290	191	422	471	313	424	1,326	2,241
Net Working Capital (NWC)	257	223	242	289	146	402	441	283	389	1,288	2,183
Net Nonoperating Expense (NNE)	11	22	29	9.50	3.74	24	238	-49	-77	-1,200	435
Net Nonoperating Obligations (NNO)	631	794	941	761	1,073	1,272	1,547	1,537	1,969	1,080	5,286
Total Depreciation and Amortization (D&A)	185	221	242	246	256	319	342	397	495	500	1,158
Debt-free, Cash-free Net Working Capital to Revenue	14.68%	12.38%	14.07%	10.23%	7.52%	7.73%	7.21%	0.90%	4.70%	-2.10%	7.94%
Debt-free Net Working Capital to Revenue	19.00%	16.16%	17.04%	18.57%	12.00%	20.39%	20.39%	16.31%	17.54%	51.86%	52.32%
Net Working Capital to Revenue	19.00%	16.16%	17.04%	18.56%	9.16%	19.42%	19.10%	14.72%	16.10%	50.38%	50.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.21)	$0.86	$0.45	$0.45	($1.15)	($1.13)	$0.00	$0.06	($0.21)	$14.29	($9.12)
Adjusted Weighted Average Basic Shares Outstanding	45.74M	47.14M	48.46M	52.32M	58.44M	59.94M	61.63M	66.44M	73.40M	75.92M	117.19M
Adjusted Diluted Earnings per Share	($0.21)	$0.84	$0.44	$0.45	($1.15)	($1.13)	$0.00	$0.06	($0.21)	$14.29	($9.12)
Adjusted Weighted Average Diluted Shares Outstanding	45.74M	48.29M	49.45M	53.40M	58.44M	59.94M	61.63M	67.02M	73.40M	75.92M	117.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($1.13)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.38M	47.71M	48.94M	57.63M	58.91M	60.60M	62.15M	72.53M	74.44M	76.91M	125.86M
Normalized Net Operating Profit after Tax (NOPAT)	2.31	62	29	31	-65	-42	27	-32	-79	-109	-623
Normalized NOPAT Margin	0.17%	4.47%	2.03%	2.00%	-4.05%	-2.05%	1.16%	-1.67%	-3.28%	-4.27%	-14.54%
Pre Tax Income Margin	-2.56%	3.89%	1.24%	1.63%	-6.61%	-5.34%	0.06%	-4.07%	-5.71%	-6.34%	-27.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.09	2.64	1.60	3.02	-25.44	-1.21	0.99	-1.41	-3.71	-5.78	-2.22
NOPAT to Interest Expense	0.06	1.96	1.98	2.59	-16.03	-0.85	6.51	-0.98	-2.69	-4.07	-1.56
EBIT Less CapEx to Interest Expense	-8.02	-9.01	-13.08	-37.30	-152.52	-13.67	-16.97	-26.71	-37.40	-49.21	-6.07
NOPAT Less CapEx to Interest Expense	-8.05	-9.69	-12.70	-37.73	-143.11	-13.30	-11.45	-26.29	-36.39	-47.50	-5.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.75%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.75%	0.00%

This table displays calculated financial ratios and metrics derived from Viasat's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-13.51%	8.93%	4.19%	28.62%	35.60%	84.67%	73.24%	72.65%	44.46%	-8.42%	-0.42%
EBITDA Growth	-49.35%	25.79%	-5.27%	9.12%	94.37%	-464.55%	212.45%	477.16%	193.80%	169.40%	-13.77%
EBIT Growth	-372.55%	119.54%	-8.98%	4.71%	25.37%	-16,962.26%	-40.26%	100.41%	243.88%	96.54%	-94.32%
NOPAT Growth	-288.91%	-175.17%	-8.98%	4.71%	26.70%	-1,097.57%	-40.26%	100.41%	243.88%	96.93%	148.38%
Net Income Growth	-216.81%	-1,023.42%	-913.16%	5,640.37%	-265.52%	-1,510.23%	-195.24%	-107.99%	71.80%	84.09%	-23.09%
EPS Growth	-226.09%	-1,700.00%	-511.11%	4,143.59%	-186.21%	-862.50%	-80.00%	-107.23%	68.67%	82.63%	-24.24%
Operating Cash Flow Growth	-39.14%	15.88%	-43.57%	-57.87%	161.54%	16.17%	49.27%	361.67%	45.75%	9.23%	64.31%
Free Cash Flow Firm Growth	20.95%	50.88%	41.25%	56.38%	-867.49%	-1,451.32%	-1,043.01%	-1,492.14%	111.68%	104.38%	108.19%
Invested Capital Growth	12.94%	7.62%	10.07%	6.22%	117.80%	113.27%	108.87%	109.67%	-5.97%	-2.72%	-4.15%
Revenue Q/Q Growth	11.04%	15.39%	-1.83%	2.25%	17.07%	57.15%	-7.91%	1.90%	-2.05%	-0.37%	0.13%
EBITDA Q/Q Growth	37.82%	88.68%	-27.48%	-42.14%	145.48%	-453.89%	162.16%	6.88%	24.96%	-16.41%	-22.76%
EBIT Q/Q Growth	27.08%	108.58%	-756.14%	-132.16%	42.89%	-1,838.21%	94.54%	100.67%	20,149.15%	-146.67%	-206.13%
NOPAT Q/Q Growth	25.75%	-18.63%	53.40%	-132.16%	42.89%	-1,838.21%	94.54%	100.67%	20,149.15%	-141.31%	186.10%
Net Income Q/Q Growth	2.84%	-126.04%	15.00%	3,067.89%	-106.41%	-895.76%	84.41%	19.64%	77.39%	-461.61%	-20.62%
EPS Q/Q Growth	25.64%	-120.69%	14.06%	2,967.27%	-105.26%	-642.17%	83.93%	-15.15%	77.19%	-311.54%	-14.95%
Operating Cash Flow Q/Q Growth	-66.77%	375.55%	-52.53%	-43.84%	106.30%	111.23%	-39.00%	73.68%	-34.87%	58.30%	-8.25%
Free Cash Flow Firm Q/Q Growth	19.88%	36.41%	-24.35%	31.15%	-1,677.10%	-1.97%	8.38%	4.10%	113.04%	-61.77%	71.29%
Invested Capital Q/Q Growth	9.84%	-3.17%	4.33%	-4.27%	125.22%	-5.19%	2.18%	-3.91%	1.00%	-1.91%	0.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.35%	33.41%	25.85%	26.13%	30.12%	37.47%	32.01%	28.38%	36.90%	30.94%	32.20%
EBITDA Margin	11.90%	19.47%	14.38%	8.14%	17.06%	-38.43%	25.94%	27.20%	34.71%	29.12%	22.46%
Operating Margin	-9.85%	0.71%	-4.81%	-10.91%	-5.32%	-65.66%	-3.89%	0.03%	5.30%	-2.20%	1.89%
EBIT Margin	-9.67%	0.72%	-4.81%	-10.91%	-5.32%	-65.66%	-3.89%	0.03%	5.30%	-2.48%	-7.59%
Profit (Net Income) Margin	-3.66%	-7.17%	-6.21%	180.12%	-9.86%	-62.49%	-10.58%	-8.34%	-1.93%	-10.85%	-13.07%
Tax Burden Percent	34.28%	-684.95%	102.26%	-1,759.50%	98.26%	89.21%	76.24%	95.14%	93.28%	102.07%	90.62%
Interest Burden Percent	110.34%	145.49%	126.26%	93.80%	188.52%	106.67%	356.42%	-34,172.20%	-38.92%	428.01%	189.95%
Effective Tax Rate	0.00%	1,103.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-3.33%	-3.54%	-1.65%	-4.07%	-1.27%	-19.71%	-1.30%	0.01%	1.59%	-0.67%	0.57%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.46%	-3.56%	-2.46%	77.97%	-2.53%	-25.01%	-3.47%	-3.01%	0.39%	-2.65%	-2.34%
Return on Net Nonoperating Assets (RNNOA)	-1.96%	-2.85%	-2.11%	36.33%	-2.21%	-24.33%	-3.65%	-2.14%	0.37%	-2.73%	-2.61%
Return on Equity (ROE)	-5.29%	-6.39%	-3.76%	32.26%	-3.47%	-44.04%	-4.95%	-2.13%	1.96%	-3.40%	-2.04%
Cash Return on Invested Capital (CROIC)	-14.86%	-9.65%	-11.86%	-8.31%	-75.35%	-80.90%	-78.95%	-78.97%	1.04%	2.70%	4.62%
Operating Return on Assets (OROA)	-3.61%	0.27%	-1.80%	-3.95%	-1.21%	-18.50%	-1.26%	0.01%	1.45%	-0.65%	-2.13%
Return on Assets (ROA)	-1.36%	-2.73%	-2.32%	65.22%	-2.23%	-17.61%	-3.43%	-2.97%	-0.52%	-2.82%	-3.67%
Return on Common Equity (ROCE)	-5.21%	-6.30%	-3.70%	31.84%	-3.44%	-43.65%	-4.90%	-2.11%	1.94%	-3.37%	-2.01%
Return on Equity Simple (ROE_SIMPLE)	-1.57%	-3.63%	-5.05%	0.00%	17.42%	6.10%	4.66%	0.00%	-19.94%	-7.27%	-8.11%
Net Operating Profit after Tax (NOPAT)	-40	-47	-22	-51	-29	-563	-31	0.21	42	-17	15
NOPAT Margin	-6.89%	-7.09%	-3.36%	-7.64%	-3.73%	-45.97%	-2.72%	0.02%	3.71%	-1.54%	1.32%
Net Nonoperating Expense Percent (NNEP)	-0.87%	0.02%	0.81%	-82.05%	1.27%	5.30%	2.17%	3.02%	1.21%	1.98%	2.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-0.25%	-	-	-	0.13%
Cost of Revenue to Revenue	72.65%	66.59%	74.15%	73.87%	69.88%	62.53%	67.99%	71.62%	63.10%	69.06%	67.80%
SG&A Expenses to Revenue	29.84%	26.70%	25.00%	31.07%	28.16%	93.76%	24.08%	22.03%	22.29%	24.28%	21.18%
R&D to Revenue	6.05%	4.89%	4.52%	4.85%	3.72%	2.73%	3.70%	4.04%	3.42%	2.98%	3.27%
Operating Expenses to Revenue	37.20%	32.70%	30.66%	37.04%	35.44%	103.13%	35.90%	28.36%	31.59%	33.14%	30.31%
Earnings before Interest and Taxes (EBIT)	-56	4.77	-31	-73	-42	-805	-44	0.30	60	-28	-85
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	68	129	94	54	133	-471	293	313	391	327	252
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.86	0.88	0.92	0.68	0.53	0.44	0.68	0.45	0.32	0.31	0.23
Price to Tangible Book Value (P/TBV)	1.02	1.03	1.08	0.75	1.76	2.20	4.86	2.64	1.71	1.69	1.36
Price to Revenue (P/Rev)	0.98	0.96	0.99	1.01	1.15	0.69	0.92	0.53	0.35	0.34	0.24
Price to Earnings (P/E)	0.00	0.00	0.00	2.38	3.08	7.38	15.25	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	41.97%	32.44%	13.55%	6.56%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.93	0.98	1.00	0.75	0.75	0.73	0.85	0.73	0.67	0.67	0.65
Enterprise Value to Revenue (EV/Rev)	2.03	2.04	2.15	1.45	3.03	2.30	2.41	1.77	1.52	1.51	1.47
Enterprise Value to EBITDA (EV/EBITDA)	14.81	14.01	15.20	10.71	20.39	0.00	1,009.14	28.39	13.38	5.17	4.79
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	117.75
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	168.21
Enterprise Value to Operating Cash Flow (EV/OCF)	9.86	9.59	11.87	10.06	19.36	16.55	18.08	11.04	9.56	9.07	7.92
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	62.49	24.36	13.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.97	1.02	1.12	0.64	1.22	1.39	1.42	1.42	1.41	1.75	1.45
Long-Term Debt to Equity	0.96	1.01	1.11	0.63	1.21	1.38	1.40	1.41	1.40	1.28	1.35
Financial Leverage	0.80	0.80	0.86	0.47	0.87	0.97	1.05	0.71	0.95	1.03	1.11
Leverage Ratio	2.33	2.36	2.43	2.16	2.81	3.00	3.02	2.69	3.07	3.40	3.23
Compound Leverage Factor	2.57	3.43	3.07	2.02	5.30	3.20	10.76	-920.37	-1.20	14.56	6.13
Debt to Total Capital	49.31%	50.54%	52.86%	38.92%	54.91%	58.24%	58.61%	58.62%	58.55%	63.68%	59.24%
Short-Term Debt to Total Capital	0.72%	0.73%	0.74%	0.60%	0.45%	0.50%	0.51%	0.47%	0.47%	17.24%	4.26%
Long-Term Debt to Total Capital	48.59%	49.81%	52.12%	38.31%	54.46%	57.74%	58.10%	58.15%	58.08%	46.44%	54.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.92%	0.60%	0.60%	0.57%	0.27%	0.30%	0.34%	0.38%	0.48%	0.54%	0.72%
Common Equity to Total Capital	49.77%	48.87%	46.54%	60.51%	44.81%	41.46%	41.05%	40.99%	40.97%	35.78%	40.04%
Debt to EBITDA	8.22	7.76	8.62	7.12	17.75	-38.38	802.89	26.85	13.67	6.62	5.06
Net Debt to EBITDA	7.53	7.33	8.09	3.13	12.56	-28.02	620.92	19.75	10.23	3.96	3.94
Long-Term Debt to EBITDA	8.10	7.65	8.50	7.01	17.60	-38.05	795.96	26.63	13.56	4.83	4.69
Debt to NOPAT	-20.18	-24.44	-26.33	-22.53	-73.83	-10.96	-10.81	-11.54	-13.02	-1,464.75	177.76
Net Debt to NOPAT	-18.48	-23.08	-24.70	-9.89	-52.25	-8.00	-8.36	-8.49	-9.74	-876.08	138.47
Long-Term Debt to NOPAT	-19.88	-24.09	-25.96	-22.18	-73.22	-10.87	-10.72	-11.45	-12.91	-1,068.16	164.96
Altman Z-Score	0.81	0.82	0.78	1.14	0.53	0.37	0.60	0.57	0.57	0.43	0.42
Noncontrolling Interest Sharing Ratio	1.61%	1.33%	1.41%	1.30%	0.99%	0.88%	0.98%	0.93%	0.86%	1.09%	1.28%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.55	1.43	1.47	2.35	2.33	2.62	2.71	2.68	3.08	1.44	1.80
Quick Ratio	0.82	0.58	0.65	1.85	1.85	1.69	1.69	1.99	2.32	1.21	1.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-625	-397	-494	-340	-6,047	-6,166	-5,650	-5,418	706	270	462
Operating Cash Flow to CapEx	14.63%	66.38%	30.24%	16.02%	27.65%	59.87%	31.74%	61.39%	50.19%	104.54%	86.87%
Free Cash Flow to Firm to Interest Expense	-106.43	-85.70	-56.51	-45.07	-108.11	-71.57	-42.31	-43.43	6.68	2.34	4.90
Operating Cash Flow to Interest Expense	6.75	40.64	10.23	6.65	1.85	2.54	1.00	1.86	1.43	2.07	2.32
Operating Cash Flow Less CapEx to Interest Expense	-39.37	-20.58	-23.60	-34.87	-4.85	-1.70	-2.15	-1.17	-1.42	0.09	-0.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.38	0.37	0.36	0.23	0.28	0.32	0.36	0.27	0.26	0.28
Accounts Receivable Turnover	6.32	6.91	6.58	6.98	5.51	6.75	7.27	7.80	6.99	6.55	6.83
Inventory Turnover	4.71	5.68	5.60	7.87	5.62	7.75	8.37	9.90	9.22	9.15	9.12
Fixed Asset Turnover	0.64	0.64	0.62	0.63	0.42	0.57	0.66	0.72	0.55	0.60	0.61
Accounts Payable Turnover	7.43	7.68	6.25	7.77	6.29	7.22	8.36	10.39	10.08	9.69	11.52
Days Sales Outstanding (DSO)	57.76	52.83	55.47	52.27	66.28	54.09	50.17	46.78	52.24	55.70	53.46
Days Inventory Outstanding (DIO)	77.54	64.26	65.17	46.39	64.89	47.09	43.62	36.88	39.58	39.90	40.03
Days Payable Outstanding (DPO)	49.11	47.51	58.45	46.97	58.06	50.57	43.64	35.14	36.20	37.68	31.68
Cash Conversion Cycle (CCC)	86.19	69.58	62.19	51.69	73.11	50.60	50.15	48.53	55.62	57.91	61.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,109	4,947	5,161	4,941	11,127	10,550	10,780	10,359	10,463	10,263	10,332
Invested Capital Turnover	0.48	0.50	0.49	0.53	0.34	0.43	0.48	0.56	0.43	0.44	0.43
Increase / (Decrease) in Invested Capital	585	350	472	289	6,018	5,603	5,619	5,418	-665	-287	-448
Enterprise Value (EV)	4,736	4,852	5,184	3,701	8,361	7,650	9,157	7,600	7,032	6,853	6,664
Market Capitalization	2,280	2,284	2,392	2,584	3,173	2,290	3,480	2,267	1,598	1,526	1,093
Book Value per Share	$35.64	$34.37	$34.25	$50.07	$77.22	$41.84	$40.99	$40.10	$39.96	$38.63	$37.08
Tangible Book Value per Share	$30.14	$29.43	$29.31	$45.36	$23.42	$8.40	$5.75	$6.86	$7.41	$7.05	$6.25
Total Capital	5,330	5,314	5,562	6,320	13,254	12,519	12,431	12,260	12,274	13,792	11,889
Total Debt	2,628	2,686	2,940	2,459	7,278	7,291	7,285	7,187	7,187	8,783	7,043
Total Long-Term Debt	2,590	2,647	2,899	2,422	7,218	7,228	7,223	7,129	7,129	6,405	6,536
Net Debt	2,407	2,536	2,758	1,080	5,151	5,322	5,634	5,286	5,375	5,253	5,486
Capital Expenditures (CapEx)	271	284	296	314	375	366	421	378	301	229	253
Debt-free, Cash-free Net Working Capital (DFCFNWC)	219	233	260	-54	-112	604	771	340	494	386	212
Debt-free Net Working Capital (DFNWC)	441	382	442	1,326	2,015	2,572	2,423	2,241	2,305	3,915	1,768
Net Working Capital (NWC)	402	343	401	1,288	1,955	2,510	2,360	2,183	2,247	1,537	1,261
Net Nonoperating Expense (NNE)	-19	0.52	19	-1,251	48	202	89	96	64	105	162
Net Nonoperating Obligations (NNO)	2,407	2,319	2,539	1,080	5,151	5,322	5,634	5,286	5,375	5,253	5,486
Total Depreciation and Amortization (D&A)	124	124	125	127	175	334	337	313	331	355	338
Debt-free, Cash-free Net Working Capital to Revenue	9.42%	9.78%	10.80%	-2.10%	-4.06%	18.17%	20.30%	7.94%	10.66%	8.52%	4.68%
Debt-free Net Working Capital to Revenue	18.93%	16.04%	18.36%	51.86%	72.98%	77.42%	63.76%	52.32%	49.78%	86.49%	39.10%
Net Working Capital to Revenue	17.28%	14.42%	16.65%	50.38%	70.81%	75.53%	62.10%	50.96%	48.53%	33.96%	27.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.29)	($0.64)	($0.55)	$15.77	($0.83)	($6.16)	($0.99)	($1.14)	($0.26)	($1.07)	($1.23)
Adjusted Weighted Average Basic Shares Outstanding	74.86M	75.76M	76.14M	75.92M	93.11M	124.53M	125.10M	117.19M	126.58M	128.38M	128.94M
Adjusted Diluted Earnings per Share	($0.29)	($0.64)	($0.55)	$15.77	($0.83)	($6.16)	($0.99)	($1.14)	($0.26)	($1.07)	($1.23)
Adjusted Weighted Average Diluted Shares Outstanding	74.86M	75.76M	76.14M	75.92M	93.11M	124.53M	125.10M	117.19M	126.58M	128.38M	128.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	75.55M	75.59M	76.37M	76.91M	124.05M	124.51M	125.32M	125.86M	127.78M	128.39M	129.12M
Normalized Net Operating Profit after Tax (NOPAT)	-40	3.28	-22	-51	-29	-563	-31	0.21	42	-17	15
Normalized NOPAT Margin	-6.89%	0.49%	-3.36%	-7.64%	-3.73%	-45.97%	-2.72%	0.02%	3.71%	-1.54%	1.32%
Pre Tax Income Margin	-10.67%	1.05%	-6.07%	-10.24%	-10.04%	-70.04%	-13.87%	-8.77%	-2.06%	-10.63%	-14.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-9.47	1.03	-3.58	-9.63	-0.74	-9.34	-0.33	0.00	0.56	-0.24	-0.90
NOPAT to Interest Expense	-6.75	-10.14	-2.51	-6.74	-0.52	-6.54	-0.23	0.00	0.40	-0.15	0.16
EBIT Less CapEx to Interest Expense	-55.59	-60.19	-37.41	-51.15	-7.44	-13.58	-3.48	-3.03	-2.28	-2.23	-3.58
NOPAT Less CapEx to Interest Expense	-52.87	-71.36	-36.34	-48.27	-7.22	-10.78	-3.38	-3.03	-2.45	-2.13	-2.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-31.83%	-22.96%	2.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-31.83%	-22.96%	2.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Viasat's Financials

When does Viasat's financial year end?

According to the most recent income statement we have on file, Viasat's fiscal year ends in March. Their fiscal year 2024 ended on March 31, 2024.

How has Viasat's net income changed over the last 10 years?

Viasat's net income appears to be on a downward trend, with a most recent value of -$1.06 billion in 2024, rising from -$8.66 million in 2014. The previous period was $1.09 billion in 2023.

What is Viasat's operating income?

Viasat's total operating income in 2024 was -$889.81 million, based on the following breakdown:

Total Gross Profit: $1.38 billion
Total Operating Expenses: $2.27 billion

How has Viasat revenue changed over the last 10 years?

Over the last 10 years, Viasat's total revenue changed from $1.35 billion in 2014 to $4.28 billion in 2024, a change of 217.0%.

How much debt does Viasat have?

Viasat's total liabilities were at $11.26 billion at the end of 2024, a 190.9% increase from 2023, and a 1,010.7% increase since 2014.

How much cash does Viasat have?

In the past 10 years, Viasat's cash and equivalents has ranged from $42.09 million in 2016 to $1.90 billion in 2024, and is currently $1.90 billion as of their latest financial filing in 2024.

How has Viasat's book value per share changed over the last 10 years?

Over the last 10 years, Viasat's book value per share changed from 20.42 in 2014 to 40.10 in 2024, a change of 96.4%.

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This page (NASDAQ:VSAT) was last updated on 4/30/2025 by MarketBeat.com Staff

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Viasat (VSAT) Financials

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Viasat (VSAT) Financials

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