Viasat (VSAT) Financials

$10.01 -0.52 (-4.94%)

Closing price 04:00 PM Eastern

Extended Trading

$10.03 +0.02 (+0.20%)

As of 07:54 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	4/3/2015	4/4/2014
Net Income / (Loss) Attributable to Common Shareholders	-1,069	1,085	-16	3.69	-0.21	-68	-67	24	22	40	-9.45
Consolidated Net Income / (Loss)	-1,058	1,091	-2.48	17	14	-66	-68	22	22	40	-8.66
Net Income / (Loss) Continuing Operations	-1,047	-212	-102	-66	14	-66	-68	22	22	40	-8.66
Total Pre-Tax Income	-1,194	-162	-138	-78	1.43	-110	-105	25	18	54	-35
Total Operating Income	-890	-156	-113	-46	38	-61	-92	36	41	83	3.30
Total Gross Profit	1,382	721	706	565	700	531	474	510	433	419	360
Total Revenue	4,284	2,556	2,417	1,921	2,309	2,068	1,595	1,559	1,417	1,383	1,351
Operating Revenue	4,284	2,556	2,417	1,921	2,309	2,068	1,595	1,559	1,417	1,383	1,351
Total Cost of Revenue	2,902	1,835	1,711	1,356	1,610	1,538	1,121	1,049	984	964	991
Operating Cost of Revenue	2,902	1,835	1,711	1,356	1,610	1,538	1,121	1,049	984	964	991
Total Operating Expenses	2,271	877	819	611	661	591	566	474	392	335	357
Selling, General & Admin Expense	1,894	719	641	497	523	458	385	333	298	271	282
Research & Development Expense	151	129	149	109	130	123	168	130	77	47	61
Amortization Expense	227	30	29	5.48	7.61	9.66	12	11	16	18	15
Total Other Income / (Expense), net	-304	-6.20	-25	-32	-37	-50	-13	-11	-24	-29	-38
Interest Expense	400	27	29	33	39	50	4.03	12	26	31	38
Interest & Investment Income	96	20	0.50	0.44	1.65	0.15	0.96	1.01	2.23	2.02	0.04
Other Income / (Expense), net	0.00	1.10	4.12	0.00	0.00	-	-10	0.00	-	-	-
Income Tax Expense	-139	49	-37	-11	-7.92	-41	-35	3.62	-4.17	14	-26
Other Gains / (Losses), net	6.98	-0.07	-0.28	0.56	4.47	3.00	1.98	0.00	-	-	-
Net Income / (Loss) Discontinued Operations	-10	1,302	99	84	-	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	11	5.94	13	13	14	1.15	-0.97	-2.00	0.03	-0.47	0.79
Basic Earnings per Share	($9.12)	$14.29	($0.21)	$0.06	$0.00	($1.13)	($1.15)	$0.45	$0.45	$0.86	($0.21)
Weighted Average Basic Shares Outstanding	117.19M	75.92M	73.40M	66.44M	61.63M	59.94M	58.44M	52.32M	48.46M	47.14M	45.74M
Diluted Earnings per Share	($9.12)	$14.29	($0.21)	$0.06	$0.00	($1.13)	($1.15)	$0.45	$0.44	$0.84	($0.21)
Weighted Average Diluted Shares Outstanding	117.19M	75.92M	73.40M	66.44M	61.63M	59.94M	58.44M	53.40M	49.45M	48.29M	45.74M
Weighted Average Basic & Diluted Shares Outstanding	125.86M	76.91M	74.44M	72.53M	62.15M	59.80M	58.50M	52.80M	48.30M	46.90M	45M

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-158	-138	-33	-100	-124	-767	-77	1,197	-42	-48	-22
Consolidated Net Income / (Loss)	-147	-122	-22	-96	-119	-766	-77	1,200	-40	-48	-21
Net Income / (Loss) Continuing Operations	-147	-122	-22	-85	-119	-766	-77	-59	-45	-70	-39
Total Pre-Tax Income	-162	-119	-23	-101	-157	-858	-78	-68	-40	6.94	-61
Total Operating Income	21	-25	60	0.30	-44	-805	-42	-73	-31	4.69	-57
Total Gross Profit	362	347	416	326	361	459	235	174	168	222	157
Total Revenue	1,124	1,122	1,126	1,150	1,129	1,225	780	666	651	664	575
Operating Revenue	1,124	1,122	1,126	1,150	1,129	1,225	780	666	651	664	575
Total Cost of Revenue	762	775	711	824	767	766	545	492	483	442	418
Operating Cost of Revenue	762	775	711	824	767	766	545	492	483	442	418
Total Operating Expenses	341	372	356	326	405	1,264	276	247	200	217	214
Selling, General & Admin Expense	238	272	251	253	272	1,149	220	207	163	177	172
Research & Development Expense	37	33	39	46	42	33	29	32	29	32	35
Amortization Expense	66	66	66	26	92	81	28	7.48	7.43	7.38	7.52
Total Other Income / (Expense), net	-183	-95	-83	-101	-113	-54	-37	4.50	-8.22	2.26	-4.74
Interest Expense	94	115	106	125	134	86	56	7.55	8.75	4.64	5.87
Interest & Investment Income	18	24	23	24	21	32	19	12	0.53	6.81	0.12
Other Income / (Expense), net	-107	-3.20	-	-	0.00	0.00	-	-	0.00	0.09	1.01
Income Tax Expense	-12	5.92	1.18	-11	-34	-93	-0.53	-9.63	5.21	77	-23
Other Gains / (Losses), net	3.41	3.44	2.75	3.96	2.69	-0.50	0.83	-0.01	-0.01	-0.04	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	12	16	11	4.36	5.05	1.48	0.10	2.93	1.80	0.68	0.53
Basic Earnings per Share	($1.23)	($1.07)	($0.26)	($1.14)	($0.99)	($6.16)	($0.83)	$15.77	($0.55)	($0.64)	($0.29)
Weighted Average Basic Shares Outstanding	128.94M	128.38M	126.58M	117.19M	125.10M	124.53M	93.11M	75.92M	76.14M	75.76M	74.86M
Diluted Earnings per Share	($1.23)	($1.07)	($0.26)	($1.14)	($0.99)	($6.16)	($0.83)	$15.77	($0.55)	($0.64)	($0.29)
Weighted Average Diluted Shares Outstanding	128.94M	128.38M	126.58M	117.19M	125.10M	124.53M	93.11M	75.92M	76.14M	75.76M	74.86M
Weighted Average Basic & Diluted Shares Outstanding	129.12M	128.39M	127.78M	125.86M	125.32M	124.51M	124.05M	76.91M	76.37M	75.59M	75.55M

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	4/3/2015	4/4/2014
Net Change in Cash & Equivalents	522	1,069	15	-8.36	43	190	-59	88	-10	-6.08	-47
Net Cash From Operating Activities	688	368	506	727	437	328	359	411	297	350	205
Net Cash From Continuing Operating Activities	688	368	506	719	437	328	359	411	297	350	205
Net Income / (Loss) Continuing Operations	-1,058	1,091	-2.48	17	14	-66	-68	22	22	40	-8.66
Consolidated Net Income / (Loss)	-1,058	1,091	-2.48	17	14	-66	-68	22	22	40	-8.66
Depreciation Expense	868	410	407	331	280	262	210	201	193	180	159
Amortization Expense	290	91	88	66	62	56	45	45	49	42	26
Non-Cash Adjustments To Reconcile Net Income	1,059	-1,572	134	124	129	96	82	101	90	76	74
Changes in Operating Assets and Liabilities, net	-470	349	-121	181	-48	-21	89	42	-57	12	-45
Net Cash From Investing Activities	-1,291	768	-1,130	-885	-759	-489	-584	-715	-456	-477	-354
Net Cash From Continuing Investing Activities	-1,291	768	-1,130	-885	-759	-489	-584	-715	-456	-477	-354
Purchase of Property, Plant & Equipment	-1,539	-1,164	-990	-827	-694	-637	-512	-515	-378	-366	-308
Acquisitions	-343	0.00	-140	-58	-67	-52	-73	-228	-78	-110	-47
Purchase of Investments	-82	0.00	0.00	-	-	-	-	-	-	-	-
Divestitures	0.00	1,932	0.00	0.00	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	164	0.00	0.00	-	-	-	-	-	-	-	-
Other Investing Activities, net	509	0.00	0.00	-	2.28	186	-	0.00	-	-	-
Net Cash From Financing Activities	1,124	-66	644	150	365	355	166	393	149	121	102
Net Cash From Continuing Financing Activities	1,124	-66	644	150	365	355	166	393	149	121	102
Repayment of Debt	-620	-581	-620	-430	-64	-753	-597	-278	-2.62	-251	-196
Payment of Dividends	0.00	-30	0.00	0.00	-	-	-	-	-	-	-
Issuance of Debt	1,737	540	1,266	400	420	1,110	753	167	351	364	295
Issuance of Common Equity	19	22	21	194	38	26	35	525	22	23	19
Other Financing Activities, net	-12	-16	-23	-14	-29	-29	-24	-22	-221	-15	-16
Effect of Exchange Rate Changes	0.28	-0.84	-4.92	0.01	-0.71	-2.49	1.43	-1.07	0.05	-0.51	0.13
Cash Interest Paid	229	11	15	24	28	35	3.72	10	22	30	34
Cash Income Taxes Paid	201	16	17	6.67	11	1.76	4.02	1.47	1.38	0.49	1.19

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	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Change in Cash & Equivalents	-1,973	1,718	-89	280	-348	-24	613	1,197	33	-72	-89
Net Cash From Operating Activities	219	239	151	232	134	219	104	50	89	188	40
Net Cash From Continuing Operating Activities	219	239	151	232	134	219	104	50	89	188	40
Net Income / (Loss) Continuing Operations	-147	-122	-22	-96	-119	-766	-77	1,200	-40	-48	-21
Consolidated Net Income / (Loss)	-147	-122	-22	-96	-119	-766	-77	1,200	-40	-48	-21
Depreciation Expense	257	273	250	270	229	237	132	102	103	102	102
Amortization Expense	81	82	81	43	107	97	43	25	22	22	22
Non-Cash Adjustments To Reconcile Net Income	133	44	39	135	44	848	31	-1,674	32	37	32
Changes in Operating Assets and Liabilities, net	-105	-38	-197	-120	-128	-197	-25	397	-27	75	-96
Net Cash From Investing Activities	-193	-111	-222	161	-451	-231	-770	1,619	-296	-284	-271
Net Cash From Continuing Investing Activities	-193	-111	-222	161	-451	-231	-770	1,619	-296	-284	-271
Purchase of Property, Plant & Equipment	-253	-229	-301	-378	-421	-366	-375	-314	-296	-284	-271
Other Investing Activities, net	60	118	80	-	-	-	0.00	-	-	-	-
Net Cash From Financing Activities	-2,005	1,591	-22	-112	-32	-9.86	1,278	-472	238	24	144
Net Cash From Continuing Financing Activities	-2,005	1,591	-22	-112	-32	-9.86	1,278	-472	238	24	144
Repayment of Debt	-2,002	-392	-21	-522	-24	-20	-54	-484	-12	-70	-15
Other Financing Activities, net	-2.81	-0.98	-1.42	-0.49	-8.66	-0.35	-2.21	-0.57	-15	-0.33	-0.51
Effect of Exchange Rate Changes	4.71	-1.67	3.44	-1.12	2.13	-1.35	0.62	0.32	1.84	-1.07	-1.93

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

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 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	12/31/2022	9/30/2022	6/30/2022	12/31/2021
Total Assets	15,600	17,755	16,088	16,651	17,072	17,898	6,802	6,510	6,483	6,087
Total Current Assets	2,842	5,061	3,327	3,736	4,059	3,426	1,252	1,147	1,128	1,028
Cash & Equivalents	1,556	3,530	1,812	1,621	1,962	1,959	182	149	222	166
Restricted Cash	0.00	0.00	-	0.00	7.18	34	-	-	-	-
Short-Term Investments	0.00	0.00	-	30	-	134	-	-	-	-
Accounts Receivable	649	717	695	676	664	631	369	320	372	363
Inventories, net	320	327	330	354	346	336	261	244	362	354
Prepaid Expenses	316	487	491	1,056	1,080	334	157	148	173	145
Plant, Property, & Equipment, net	7,556	7,486	7,532	7,374	7,708	9,163	4,198	4,003	3,864	3,603
Total Noncurrent Assets	5,203	5,208	5,229	5,540	5,305	5,308	1,352	1,360	1,491	1,456
Goodwill	1,620	1,624	1,621	1,614	1,376	1,592	166	162	187	191
Intangible Assets	2,338	2,411	2,475	2,774	2,772	2,546	207	211	222	238
Other Noncurrent Operating Assets	1,245	1,173	1,132	1,153	1,157	1,170	978	987	1,081	1,027
Total Liabilities & Shareholders' Equity	15,600	17,755	16,088	16,651	17,072	17,898	6,802	6,510	6,483	6,087
Total Liabilities	10,754	12,746	11,000	11,505	11,844	11,922	4,180	3,882	3,781	3,411
Total Current Liabilities	1,580	3,524	1,080	1,377	1,549	1,471	851	804	726	787
Short-Term Debt	507	2,378	58	63	63	60	41	39	38	30
Accounts Payable	219	247	231	315	389	378	300	245	247	251
Accrued Expenses	855	899	791	999	1,098	1,034	446	453	441	506
Total Noncurrent Liabilities	9,174	9,222	9,920	10,128	10,295	10,450	3,329	3,078	3,055	2,624
Long-Term Debt	6,536	6,405	7,129	7,223	7,228	7,218	2,899	2,647	2,590	2,149
Other Noncurrent Operating Liabilities	2,638	2,817	2,792	2,906	3,067	3,232	429	431	465	475
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	4,846	5,009	5,088	5,146	5,228	5,976	2,622	2,628	2,702	2,676
Total Preferred & Common Equity	4,761	4,935	5,029	5,103	5,190	5,940	2,589	2,597	2,653	2,634
Total Common Equity	4,761	4,935	5,029	5,103	5,190	5,940	2,589	2,597	2,653	2,634
Common Stock	4,899	4,879	4,845	4,768	4,753	4,718	2,506	2,497	2,483	2,398
Retained Earnings	-79	79	217	350	474	1,241	121	164	212	263
Accumulated Other Comprehensive Income / (Loss)	-59	-22	-32	-15	-37	-20	-39	-64	-42	-26
Noncontrolling Interest	86	74	58	43	38	36	33	32	49	41

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

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

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.42%	-8.42%	44.46%	72.65%	73.24%	84.67%	35.60%	28.62%	4.19%	8.93%	-13.51%
EBITDA Growth	-13.77%	169.40%	193.80%	477.16%	212.45%	-464.55%	94.37%	9.12%	-5.27%	25.79%	-49.35%
EBIT Growth	-94.32%	96.54%	243.88%	100.41%	-40.26%	-16,962.26%	25.37%	4.71%	-8.98%	119.54%	-372.55%
NOPAT Growth	148.38%	96.93%	243.88%	100.41%	-40.26%	-1,097.57%	26.70%	4.71%	-8.98%	-175.17%	-288.91%
Net Income Growth	-23.09%	84.09%	71.80%	-107.99%	-195.24%	-1,510.23%	-265.52%	5,640.37%	-913.16%	-1,023.42%	-216.81%
EPS Growth	-24.24%	82.63%	68.67%	-107.23%	-80.00%	-862.50%	-186.21%	4,143.59%	-511.11%	-1,700.00%	-226.09%
Operating Cash Flow Growth	64.31%	9.23%	45.75%	361.67%	49.27%	16.17%	161.54%	-57.87%	-43.57%	15.88%	-39.14%
Free Cash Flow Firm Growth	108.19%	104.38%	111.68%	-1,492.14%	-1,043.01%	-1,451.32%	-867.49%	56.38%	41.25%	50.88%	20.95%
Invested Capital Growth	-4.15%	-2.72%	-5.97%	109.67%	108.87%	113.27%	117.80%	6.22%	10.07%	7.62%	12.94%
Revenue Q/Q Growth	0.13%	-0.37%	-2.05%	1.90%	-7.91%	57.15%	17.07%	2.25%	-1.83%	15.39%	11.04%
EBITDA Q/Q Growth	-22.76%	-16.41%	24.96%	6.88%	162.16%	-453.89%	145.48%	-42.14%	-27.48%	88.68%	37.82%
EBIT Q/Q Growth	-206.13%	-146.67%	20,149.15%	100.67%	94.54%	-1,838.21%	42.89%	-132.16%	-756.14%	108.58%	27.08%
NOPAT Q/Q Growth	186.10%	-141.31%	20,149.15%	100.67%	94.54%	-1,838.21%	42.89%	-132.16%	53.40%	-18.63%	25.75%
Net Income Q/Q Growth	-20.62%	-461.61%	77.39%	19.64%	84.41%	-895.76%	-106.41%	3,067.89%	15.00%	-126.04%	2.84%
EPS Q/Q Growth	-14.95%	-311.54%	77.19%	-15.15%	83.93%	-642.17%	-105.26%	2,967.27%	14.06%	-120.69%	25.64%
Operating Cash Flow Q/Q Growth	-8.25%	58.30%	-34.87%	73.68%	-39.00%	111.23%	106.30%	-43.84%	-52.53%	375.55%	-66.77%
Free Cash Flow Firm Q/Q Growth	71.29%	-61.77%	113.04%	4.10%	8.38%	-1.97%	-1,677.10%	31.15%	-24.35%	36.41%	19.88%
Invested Capital Q/Q Growth	0.68%	-1.91%	1.00%	-3.91%	2.18%	-5.19%	125.22%	-4.27%	4.33%	-3.17%	9.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.20%	30.94%	36.90%	28.38%	32.01%	37.47%	30.12%	26.13%	25.85%	33.41%	27.35%
EBITDA Margin	22.46%	29.12%	34.71%	27.20%	25.94%	-38.43%	17.06%	8.14%	14.38%	19.47%	11.90%
Operating Margin	1.89%	-2.20%	5.30%	0.03%	-3.89%	-65.66%	-5.32%	-10.91%	-4.81%	0.71%	-9.85%
EBIT Margin	-7.59%	-2.48%	5.30%	0.03%	-3.89%	-65.66%	-5.32%	-10.91%	-4.81%	0.72%	-9.67%
Profit (Net Income) Margin	-13.07%	-10.85%	-1.93%	-8.34%	-10.58%	-62.49%	-9.86%	180.12%	-6.21%	-7.17%	-3.66%
Tax Burden Percent	90.62%	102.07%	93.28%	95.14%	76.24%	89.21%	98.26%	-1,759.50%	102.26%	-684.95%	34.28%
Interest Burden Percent	189.95%	428.01%	-38.92%	-34,172.20%	356.42%	106.67%	188.52%	93.80%	126.26%	145.49%	110.34%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,103.93%	0.00%
Return on Invested Capital (ROIC)	0.57%	-0.67%	1.59%	0.01%	-1.30%	-19.71%	-1.27%	-4.07%	-1.65%	-3.54%	-3.33%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.34%	-2.65%	0.39%	-3.01%	-3.47%	-25.01%	-2.53%	77.97%	-2.46%	-3.56%	-2.46%
Return on Net Nonoperating Assets (RNNOA)	-2.61%	-2.73%	0.37%	-2.14%	-3.65%	-24.33%	-2.21%	36.33%	-2.11%	-2.85%	-1.96%
Return on Equity (ROE)	-2.04%	-3.40%	1.96%	-2.13%	-4.95%	-44.04%	-3.47%	32.26%	-3.76%	-6.39%	-5.29%
Cash Return on Invested Capital (CROIC)	4.62%	2.70%	1.04%	-78.97%	-78.95%	-80.90%	-75.35%	-8.31%	-11.86%	-9.65%	-14.86%
Operating Return on Assets (OROA)	-2.13%	-0.65%	1.45%	0.01%	-1.26%	-18.50%	-1.21%	-3.95%	-1.80%	0.27%	-3.61%
Return on Assets (ROA)	-3.67%	-2.82%	-0.52%	-2.97%	-3.43%	-17.61%	-2.23%	65.22%	-2.32%	-2.73%	-1.36%
Return on Common Equity (ROCE)	-2.01%	-3.37%	1.94%	-2.11%	-4.90%	-43.65%	-3.44%	31.84%	-3.70%	-6.30%	-5.21%
Return on Equity Simple (ROE_SIMPLE)	-8.11%	-7.27%	-19.94%	0.00%	4.66%	6.10%	17.42%	0.00%	-5.05%	-3.63%	-1.57%
Net Operating Profit after Tax (NOPAT)	15	-17	42	0.21	-31	-563	-29	-51	-22	-47	-40
NOPAT Margin	1.32%	-1.54%	3.71%	0.02%	-2.72%	-45.97%	-3.73%	-7.64%	-3.36%	-7.09%	-6.89%
Net Nonoperating Expense Percent (NNEP)	2.91%	1.98%	1.21%	3.02%	2.17%	5.30%	1.27%	-82.05%	0.81%	0.02%	-0.87%
Return On Investment Capital (ROIC_SIMPLE)	0.13%	-	-	-	-0.25%	-	-	-	-	-	-
Cost of Revenue to Revenue	67.80%	69.06%	63.10%	71.62%	67.99%	62.53%	69.88%	73.87%	74.15%	66.59%	72.65%
SG&A Expenses to Revenue	21.18%	24.28%	22.29%	22.03%	24.08%	93.76%	28.16%	31.07%	25.00%	26.70%	29.84%
R&D to Revenue	3.27%	2.98%	3.42%	4.04%	3.70%	2.73%	3.72%	4.85%	4.52%	4.89%	6.05%
Operating Expenses to Revenue	30.31%	33.14%	31.59%	28.36%	35.90%	103.13%	35.44%	37.04%	30.66%	32.70%	37.20%
Earnings before Interest and Taxes (EBIT)	-85	-28	60	0.30	-44	-805	-42	-73	-31	4.77	-56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	252	327	391	313	293	-471	133	54	94	129	68
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.23	0.31	0.32	0.45	0.68	0.44	0.53	0.68	0.92	0.88	0.86
Price to Tangible Book Value (P/TBV)	1.36	1.69	1.71	2.64	4.86	2.20	1.76	0.75	1.08	1.03	1.02
Price to Revenue (P/Rev)	0.24	0.34	0.35	0.53	0.92	0.69	1.15	1.01	0.99	0.96	0.98
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	15.25	7.38	3.08	2.38	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%	0.00%	6.56%	13.55%	32.44%	41.97%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.65	0.67	0.67	0.73	0.85	0.73	0.75	0.75	1.00	0.98	0.93
Enterprise Value to Revenue (EV/Rev)	1.47	1.51	1.52	1.77	2.41	2.30	3.03	1.45	2.15	2.04	2.03
Enterprise Value to EBITDA (EV/EBITDA)	4.79	5.17	13.38	28.39	1,009.14	0.00	20.39	10.71	15.20	14.01	14.81
Enterprise Value to EBIT (EV/EBIT)	117.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	168.21	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.92	9.07	9.56	11.04	18.08	16.55	19.36	10.06	11.87	9.59	9.86
Enterprise Value to Free Cash Flow (EV/FCFF)	13.68	24.36	62.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.45	1.75	1.41	1.42	1.42	1.39	1.22	0.64	1.12	1.02	0.97
Long-Term Debt to Equity	1.35	1.28	1.40	1.41	1.40	1.38	1.21	0.63	1.11	1.01	0.96
Financial Leverage	1.11	1.03	0.95	0.71	1.05	0.97	0.87	0.47	0.86	0.80	0.80
Leverage Ratio	3.23	3.40	3.07	2.69	3.02	3.00	2.81	2.16	2.43	2.36	2.33
Compound Leverage Factor	6.13	14.56	-1.20	-920.37	10.76	3.20	5.30	2.02	3.07	3.43	2.57
Debt to Total Capital	59.24%	63.68%	58.55%	58.62%	58.61%	58.24%	54.91%	38.92%	52.86%	50.54%	49.31%
Short-Term Debt to Total Capital	4.26%	17.24%	0.47%	0.47%	0.51%	0.50%	0.45%	0.60%	0.74%	0.73%	0.72%
Long-Term Debt to Total Capital	54.97%	46.44%	58.08%	58.15%	58.10%	57.74%	54.46%	38.31%	52.12%	49.81%	48.59%
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	0.72%	0.54%	0.48%	0.38%	0.34%	0.30%	0.27%	0.57%	0.60%	0.60%	0.92%
Common Equity to Total Capital	40.04%	35.78%	40.97%	40.99%	41.05%	41.46%	44.81%	60.51%	46.54%	48.87%	49.77%
Debt to EBITDA	5.06	6.62	13.67	26.85	802.89	-38.38	17.75	7.12	8.62	7.76	8.22
Net Debt to EBITDA	3.94	3.96	10.23	19.75	620.92	-28.02	12.56	3.13	8.09	7.33	7.53
Long-Term Debt to EBITDA	4.69	4.83	13.56	26.63	795.96	-38.05	17.60	7.01	8.50	7.65	8.10
Debt to NOPAT	177.76	-1,464.75	-13.02	-11.54	-10.81	-10.96	-73.83	-22.53	-26.33	-24.44	-20.18
Net Debt to NOPAT	138.47	-876.08	-9.74	-8.49	-8.36	-8.00	-52.25	-9.89	-24.70	-23.08	-18.48
Long-Term Debt to NOPAT	164.96	-1,068.16	-12.91	-11.45	-10.72	-10.87	-73.22	-22.18	-25.96	-24.09	-19.88
Altman Z-Score	0.42	0.43	0.57	0.57	0.60	0.37	0.53	1.14	0.78	0.82	0.81
Noncontrolling Interest Sharing Ratio	1.28%	1.09%	0.86%	0.93%	0.98%	0.88%	0.99%	1.30%	1.41%	1.33%	1.61%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.80	1.44	3.08	2.68	2.71	2.62	2.33	2.35	1.47	1.43	1.55
Quick Ratio	1.40	1.21	2.32	1.99	1.69	1.69	1.85	1.85	0.65	0.58	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	462	270	706	-5,418	-5,650	-6,166	-6,047	-340	-494	-397	-625
Operating Cash Flow to CapEx	86.87%	104.54%	50.19%	61.39%	31.74%	59.87%	27.65%	16.02%	30.24%	66.38%	14.63%
Free Cash Flow to Firm to Interest Expense	4.90	2.34	6.68	-43.43	-42.31	-71.57	-108.11	-45.07	-56.51	-85.70	-106.43
Operating Cash Flow to Interest Expense	2.32	2.07	1.43	1.86	1.00	2.54	1.85	6.65	10.23	40.64	6.75
Operating Cash Flow Less CapEx to Interest Expense	-0.35	0.09	-1.42	-1.17	-2.15	-1.70	-4.85	-34.87	-23.60	-20.58	-39.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.26	0.27	0.36	0.32	0.28	0.23	0.36	0.37	0.38	0.37
Accounts Receivable Turnover	6.83	6.55	6.99	7.80	7.27	6.75	5.51	6.98	6.58	6.91	6.32
Inventory Turnover	9.12	9.15	9.22	9.90	8.37	7.75	5.62	7.87	5.60	5.68	4.71
Fixed Asset Turnover	0.61	0.60	0.55	0.72	0.66	0.57	0.42	0.63	0.62	0.64	0.64
Accounts Payable Turnover	11.52	9.69	10.08	10.39	8.36	7.22	6.29	7.77	6.25	7.68	7.43
Days Sales Outstanding (DSO)	53.46	55.70	52.24	46.78	50.17	54.09	66.28	52.27	55.47	52.83	57.76
Days Inventory Outstanding (DIO)	40.03	39.90	39.58	36.88	43.62	47.09	64.89	46.39	65.17	64.26	77.54
Days Payable Outstanding (DPO)	31.68	37.68	36.20	35.14	43.64	50.57	58.06	46.97	58.45	47.51	49.11
Cash Conversion Cycle (CCC)	61.81	57.91	55.62	48.53	50.15	50.60	73.11	51.69	62.19	69.58	86.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,332	10,263	10,463	10,359	10,780	10,550	11,127	4,941	5,161	4,947	5,109
Invested Capital Turnover	0.43	0.44	0.43	0.56	0.48	0.43	0.34	0.53	0.49	0.50	0.48
Increase / (Decrease) in Invested Capital	-448	-287	-665	5,418	5,619	5,603	6,018	289	472	350	585
Enterprise Value (EV)	6,664	6,853	7,032	7,600	9,157	7,650	8,361	3,701	5,184	4,852	4,736
Market Capitalization	1,093	1,526	1,598	2,267	3,480	2,290	3,173	2,584	2,392	2,284	2,280
Book Value per Share	$37.08	$38.63	$39.96	$40.10	$40.99	$41.84	$77.22	$50.07	$34.25	$34.37	$35.64
Tangible Book Value per Share	$6.25	$7.05	$7.41	$6.86	$5.75	$8.40	$23.42	$45.36	$29.31	$29.43	$30.14
Total Capital	11,889	13,792	12,274	12,260	12,431	12,519	13,254	6,320	5,562	5,314	5,330
Total Debt	7,043	8,783	7,187	7,187	7,285	7,291	7,278	2,459	2,940	2,686	2,628
Total Long-Term Debt	6,536	6,405	7,129	7,129	7,223	7,228	7,218	2,422	2,899	2,647	2,590
Net Debt	5,486	5,253	5,375	5,286	5,634	5,322	5,151	1,080	2,758	2,536	2,407
Capital Expenditures (CapEx)	253	229	301	378	421	366	375	314	296	284	271
Debt-free, Cash-free Net Working Capital (DFCFNWC)	212	386	494	340	771	604	-112	-54	260	233	219
Debt-free Net Working Capital (DFNWC)	1,768	3,915	2,305	2,241	2,423	2,572	2,015	1,326	442	382	441
Net Working Capital (NWC)	1,261	1,537	2,247	2,183	2,360	2,510	1,955	1,288	401	343	402
Net Nonoperating Expense (NNE)	162	105	64	96	89	202	48	-1,251	19	0.52	-19
Net Nonoperating Obligations (NNO)	5,486	5,253	5,375	5,286	5,634	5,322	5,151	1,080	2,539	2,319	2,407
Total Depreciation and Amortization (D&A)	338	355	331	313	337	334	175	127	125	124	124
Debt-free, Cash-free Net Working Capital to Revenue	4.68%	8.52%	10.66%	7.94%	20.30%	18.17%	-4.06%	-2.10%	10.80%	9.78%	9.42%
Debt-free Net Working Capital to Revenue	39.10%	86.49%	49.78%	52.32%	63.76%	77.42%	72.98%	51.86%	18.36%	16.04%	18.93%
Net Working Capital to Revenue	27.89%	33.96%	48.53%	50.96%	62.10%	75.53%	70.81%	50.38%	16.65%	14.42%	17.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.23)	($1.07)	($0.26)	($1.14)	($0.99)	($6.16)	($0.83)	$15.77	($0.55)	($0.64)	($0.29)
Adjusted Weighted Average Basic Shares Outstanding	128.94M	128.38M	126.58M	117.19M	125.10M	124.53M	93.11M	75.92M	76.14M	75.76M	74.86M
Adjusted Diluted Earnings per Share	($1.23)	($1.07)	($0.26)	($1.14)	($0.99)	($6.16)	($0.83)	$15.77	($0.55)	($0.64)	($0.29)
Adjusted Weighted Average Diluted Shares Outstanding	128.94M	128.38M	126.58M	117.19M	125.10M	124.53M	93.11M	75.92M	76.14M	75.76M	74.86M
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	129.12M	128.39M	127.78M	125.86M	125.32M	124.51M	124.05M	76.91M	76.37M	75.59M	75.55M
Normalized Net Operating Profit after Tax (NOPAT)	15	-17	42	0.21	-31	-563	-29	-51	-22	3.28	-40
Normalized NOPAT Margin	1.32%	-1.54%	3.71%	0.02%	-2.72%	-45.97%	-3.73%	-7.64%	-3.36%	0.49%	-6.89%
Pre Tax Income Margin	-14.43%	-10.63%	-2.06%	-8.77%	-13.87%	-70.04%	-10.04%	-10.24%	-6.07%	1.05%	-10.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.90	-0.24	0.56	0.00	-0.33	-9.34	-0.74	-9.63	-3.58	1.03	-9.47
NOPAT to Interest Expense	0.16	-0.15	0.40	0.00	-0.23	-6.54	-0.52	-6.74	-2.51	-10.14	-6.75
EBIT Less CapEx to Interest Expense	-3.58	-2.23	-2.28	-3.03	-3.48	-13.58	-7.44	-51.15	-37.41	-60.19	-55.59
NOPAT Less CapEx to Interest Expense	-2.52	-2.13	-2.45	-3.03	-3.38	-10.78	-7.22	-48.27	-36.34	-71.36	-52.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.75%	-22.96%	-31.83%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.75%	-22.96%	-31.83%	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. See where experts think Viasat is headed by visiting Viasat's forecast page.

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%.

Related Companies

This page (NASDAQ:VSAT) was last updated on 5/21/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Viasat (VSAT) Financials

Frequently Asked Questions About Viasat's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Viasat (VSAT) Financials

Annual Income Statements for Viasat

Quarterly Income Statements for Viasat

Annual Cash Flow Statements for Viasat

Quarterly Cash Flow Statements for Viasat

Annual Balance Sheets for Viasat

Quarterly Balance Sheets for Viasat

Annual Metrics And Ratios for Viasat

Quarterly Metrics And Ratios for Viasat

Frequently Asked Questions About Viasat's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools