Viasat Inc (VSAT)
Viasat, Inc. engages in the provision of broadband and communications products and services in the United States and internationally. It operates in segments, Communication Services; and Defense and Advanced Technologies. It offers satellite-based broadband and narrowband communications solutions; broadband services, including broadband internet access and voice over internet protocol; fixed and mobile broadband and narrowband services; develops and sells satellite, wireless products, and terminals; and design, develop, and produce space system solutions for geostationary, medium, and low earth orbit. The company also provides in-flight connectivity, narrowband safety operational data, and other complementary services; multimedia connectivity for military and government; tactical and beyond-line-of-sight communications; intelligence surveillance and reconnaissance; L-band advanced communications element terminals; enterprise connectivity solutions; Internet-of-Things; and L-band managed, energy, and prepaid internet services. In addition, it offers networking, cybersecurity, and information assurance products and services; high assurance internet protocol encryption solutions; MOJO expeditionary tactical gateway; government satellite communication systems, mobile and fixed broadband modems, ground and airborne terminals, antennas and gateways, Ka-band earth stations, and other multi-band/multi-function antennas, as well as design products for manpacks, aircraft, unmanned aerial vehicles, seagoing vessels, ground-mobile vehicles, space-based systems, and fixed applications. Further, the company designs and develops GEO, LEO, and MEO satellites, payload, antenna technologies, and other small satellite platforms; develops commercial communication satellite product, orchestration of sovereign and multi-orbit solutions, and direct-to-device; and licenses intellectual property. Viasat, Inc. was incorporated in 1986 and is headquartered in Carlsbad, California.
- Ticker
- VSAT
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Communication Equipment
- Market cap
- $8.87B
- 52-week range
- $29.13 - $93.03
Valuation
- Share price
- $63.95 (close of Nov 6, 2026)
- P/E (TTM)
- -94.04x
- Price to book
- 1.93x
- Price to free cash flow
- 5.56x
- Enterprise value
- $14.04B
- Book value per share
- $33.12
Price performance
| Period | Change |
|---|---|
| 1 day | +7.70% |
| 5 days | -16.97% |
| 1 month | -14.02% |
| 3 months | -22.00% |
| 6 months | -4.98% |
| Year to date | +85.58% |
| 1 year | +80.19% |
| 3 years | +250.03% |
| 5 years | -4.55% |
| 10 years | -7.24% |
| All time | +1,321.11% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 10.23%
- Shares short
- 11.99M
- Days to cover
- 5.58
- Change since prior report
- +1.27%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed VSAT trades
Jonathan Jackson · Debbie Wasserman Schultz
Super investors holding VSAT
Ken Griffin (Citadel) · Howard Marks (Oaktree Capital Management) · Ray Dalio (Bridgewater Associates) · Mairs & Power (Mairs & Power Inc)
Profitability and growth
- Return on equity
- -0.72%
- Return on invested capital
- 0.46%
- Return on assets
- -0.22%
- Return on capital employed
- 0.78%
- Gross margin
- 27.42%
- Net margin
- -0.73%
- EBITDA margin
- 31.52%
- Revenue growth
- 2.67%
- Free cash flow growth
- 75.06%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 17.99%
- Current ratio
- 1.65x
- Net debt to EBITDA
- 3.08x
Latest reported year
- Period end
- Mar 31, 2026
- Fiscal year
- 2026
- Revenue
- $4.64B
- Cost of revenue
- $3.37B
- Gross profit
- $1.27B
- EBITDA
- $1.46B
- Net income
- -$34.09M
- Earnings per share
- $-0.25
- Research and development
- $164.91M
- Interest expense
- $360.25M
- Shares outstanding
- 134.74M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2026-03-31 | $4.64B | $1.27B | -$34.09M | -$0.25 |
| 2025-03-31 | $4.52B | $1.23B | -$574.96M | -$4.48 |
| 2024-03-31 | $4.28B | $1.15B | -$1.07B | -$9.12 |
| 2023-03-31 | $2.56B | $691.59M | $1.08B | $14.29 |
| 2022-03-31 | $2.42B | $677.17M | -$15.53M | -$0.21 |
| 2021-03-31 | $1.92B | $559.71M | $3.69M | $0.06 |
| 2020-03-31 | $2.31B | $691.94M | $13.81M | $0.22 |
| 2019-03-31 | $2.07B | $520.88M | -$66.47M | -$1.13 |
| 2018-03-31 | $1.59B | $461.58M | -$68.28M | -$1.15 |
| 2017-03-31 | $1.56B | $499.57M | $21.77M | $0.45 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2026-03-31 | 27.42% | -0.73% | -0.72% | 0.46% |
| 2025-03-31 | 27.13% | -12.72% | -12.38% | -0.79% |
| 2024-03-31 | 26.95% | -24.95% | -21.07% | -5.90% |
| 2023-03-31 | 27.06% | 42.44% | 28.10% | -2.35% |
| 2022-03-31 | 28.02% | -0.64% | -0.58% | -1.36% |
| 2021-03-31 | 29.14% | 0.19% | 0.15% | -0.74% |
| 2020-03-31 | 29.96% | 0.60% | 0.67% | 0.89% |
| 2019-03-31 | 25.18% | -3.21% | -3.47% | -0.83% |
| 2018-03-31 | 28.95% | -4.28% | -3.69% | -1.98% |
| 2017-03-31 | 32.04% | 1.40% | 1.25% | 1.27% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2026-03-31 | $1.75B | $6.39B |
| 2025-03-31 | $1.61B | $6.53B |
| 2024-03-31 | $1.90B | $7.13B |
| 2023-03-31 | $1.35B | $2.42B |
| 2022-03-31 | $310.46M | $2.49B |
| 2021-03-31 | $295.95M | $1.83B |
| 2020-03-31 | $304.31M | $1.85B |
| 2019-03-31 | $261.70M | $1.39B |
| 2018-03-31 | $71.45M | $978.40M |
| 2017-03-31 | $130.10M | $848.48M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2026-03-31 | $1.59B | $81.07M |
| 2025-03-31 | $908.19M | $80.39M |
| 2024-03-31 | $688.20M | $83.63M |
| 2023-03-31 | -$709.11M | $84.46M |
| 2022-03-31 | -$432.64M | $86.81M |
| 2021-03-31 | -$100.03M | $84.88M |
| 2020-03-31 | -$257.03M | $86.55M |
| 2019-03-31 | -$309.30M | $79.60M |
| 2018-03-31 | -$153.00M | $68.55M |
| 2017-03-31 | -$103.39M | $55.77M |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-11-05 | Sep 2026 | -$0.17 |
| 2026-08-04 | Jun 2026 | -$0.06 |
| 2026-05-28 | Mar 2026 | $0.10 |
| 2026-02-05 | Dec 2025 | -$0.10 |
| 2025-11-07 | Sep 2025 | -$0.25 |
| 2025-08-05 | Jun 2025 | -$0.20 |
| 2025-05-20 | Mar 2025 | -$0.14 |
| 2025-02-06 | Dec 2024 | -$0.91 |
Filings and sources
- Company website
- viasat.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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