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VSAT
$67.72-4.94%
as of close, Nov 13, 2026
☾ AH $67.72 -4.94%
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VSAT financial statements

The full income statement, balance sheet, and cash-flow statement for ViaSat Inc. (VSAT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Financial overview#

Revenue

5Y CAGR +19.3%10Y CAGR +12.6%YoY +3.4%
$4.7B TTM$1.2B Q2 '27
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27

Gross profit

5Y CAGR +10.4%5Y CAGR +10.4%YoY −2.0%
— FY26— Q2 '27
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27

Operating income

5Y n/m10Y CAGR +10.2%YoY −80.0%
$80.1M TTM$7.1M Q2 '27
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27

Net income

5Y n/m10Y n/mYoY n/m
−$96.6M TTM−$128.7M Q2 '27
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27

EPS (diluted)

5Y n/m10Y n/mYoY n/m
−$0.70 TTM−$0.93 Q2 '27
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27

Operating cash flow

5Y CAGR +16.9%10Y CAGR +18.3%YoY +1.0%
$1.6B TTM$285M Q2 '27
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27

Capital expenditure

5Y CAGR +16.1%10Y CAGR +19.8%YoY +28.8%
— FY26— Q2 '27
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27

Free cash flow

5Y n/m10Y n/mYoY n/m
— FY26— Q2 '27
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27

Shares (diluted)

5Y +102.8%10Y +172.5%YoY +2.6%
138.3M TTM138.6M Q2 '27
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27
Every VSAT chart on Trends →

Shares outstanding (point-in-time)

2024-09 128.4M2024-12 129.1M2025-03 130.3M2025-06 134.3M2025-09 135.3M2025-12 135.8M2026-03 136.6M2026-06 137.8M2026-09 139.2M+8.4% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeFiguresAs-reported fiscal years.
Line itemTrendFY2026FY2025FY2024FY2023FY2022
Income Statementas ofMar 31 ’26as ofMar 31 ’25as ofMar 31 ’24as ofMar 31 ’23as ofMar 31 ’22
Revenue4.64B+2.7%4.52B+5.5%4.28B+67.6%2.56B+5.7%2.42B+25.8%
4.27B-1.9%4.35B-12.0%4.95B+84.4%2.68B+227.5%819M+34.0%
Research & development165M+15.8%142M-5.5%151M+16.9%129M-13.7%149M+37.8%
Selling, general & administrative999M-15.4%1.18B-37.6%1.89B+163.5%719M+12.1%641M+28.9%
Amortization of intangibles316M-2.6%324M+11.9%290M+219.2%90.8M+3.1%88.1M+33.0%
Operating income108M+210.9%-97.5M+89.0%-890M-470.5%-156M-37.8%-113M-146.2%
Interest expense360M-14.6%422M+5.4%400M+1393.5%26.8M-8.8%29.4M-10.1%
Other non-operating income163M+1734.0%-9.98M0.00-100.0%1.10M-73.3%4.12M
Equity-method income15.3M+16.0%13.2M+89.6%6.97M+10668.2%-66.0K+76.5%-281K-150.5%
Pre-tax income105M+119.2%-545M+54.3%-1.19B-636.3%-162M-17.6%-138M-76.4%
Income tax116M+12451.0%-941K+99.3%-139M-382.2%49.4M+235.3%-36.5M-226.2%
-34.1M+94.1%-575M+46.2%-1.07B-198.5%1.08B+7083.4%-15.5M-520.9%
Discontinued operations——-10.4M-100.8%1.30B+1213.0%99.2M+18.7%
Net income to non-controlling interest38.0M-13.3%43.8M+299.1%11.0M+84.9%5.94M-54.5%13.1M-2.7%
Net income to common-34.1M+94.1%-575M+46.2%-1.07B-198.5%1.08B+7083.4%-15.5M-520.9%
-$0.25+94.4%-$4.48+50.9%-$9.12-163.8%$14.29+6904.8%-$0.21-450.0%
EPS (basic)-$0.25+94.4%-$4.48+50.9%-$9.12-163.8%$14.29+6904.8%-$0.21-450.0%
Weighted-avg shares (basic)135M+4.9%128M+9.6%117M+54.4%75.9M+3.4%73.4M+10.5%
Weighted-avg shares (diluted)135M+4.9%128M+9.6%117M+54.4%75.9M+3.4%73.4M+10.5%
Balance Sheetas ofMar 31 ’26as ofMar 31 ’25as ofMar 31 ’24as ofMar 31 ’23as ofMar 31 ’22
3.12B+8.2%2.89B-17.0%3.48B+55.0%2.24B+93.6%1.16B+17.0%
Cash & equivalents1.75B+8.4%1.61B-15.2%1.90B+40.9%1.35B+334.5%310M+4.9%
Accounts receivable753M+7.7%700M+3.1%678M+61.5%420M+34.5%312M+30.8%
Inventory281M-4.3%294M-7.5%318M+18.4%269M+35.7%198M-41.2%
Prepaid expenses343M+21.3%282M-51.5%582M+229.4%177M+24.9%141M+17.9%
Other current assets163M+54.7%106M-21.4%134M+120.6%60.9M+56.4%39.0M+52.4%
15.2B-1.4%15.4B-5.4%16.3B+111.2%7.73B+21.0%6.39B+19.4%
Property, plant & equipment7.27B-1.8%7.41B-2.0%7.56B+72.6%4.38B+18.2%3.70B+21.5%
Operating lease right-of-use428M+2.8%416M+6.0%393M+39.5%282M-17.9%343M+0.8%
Goodwill1.63B+0.2%1.62B+0.0%1.62B+922.9%159M-6.0%169M+37.9%
Intangible assets2.00B-12.0%2.27B-10.8%2.54B+1164.6%201M-14.8%236M+2367.0%
Deferred tax assets68.7M-57.2%160M-1.9%164M+589.6%23.7M-92.2%305M+11.5%
Other non-current assets780M-7.8%846M+15.2%734M+57.5%466M-33.4%699M-16.3%
1.30B-22.6%1.68B+29.4%1.30B+35.5%957M+24.2%770M+8.7%
Accounts payable288M+9.0%264M-8.0%287M+5.8%272M+35.3%201M+38.3%
Deferred revenue293M-0.5%294M+13.0%260M+96.9%132M+0.4%132M-39.2%
Short-term & current debt57.8M-88.5%504M+767.9%58.1M+53.0%37.9M+8.7%34.9M+14.6%
Current lease liability60.9M-6.8%65.3M-8.7%71.6M+41.3%50.6M+1.3%50.0M+2.2%
10.5B-2.8%10.8B-4.0%11.3B+190.9%3.87B+4.4%3.71B+25.1%
Long-term debt2.73B-5.3%2.88B+3.8%2.77B+278.9%732M-4.3%765M+540.6%
Deferred revenue (non-current)1.06B+35.3%787M-12.2%896M+957.7%84.7M-4.8%89.0M+5.1%
Non-current lease liability430M+3.9%414M+9.1%380M+39.1%273M-13.7%316M+0.8%
Operating lease liability (total)491M+2.4%479M+6.3%451M+39.4%324M-14.8%380M+4.7%
Finance lease liability (total)139M-12.3%158M+492.0%26.8M-26.5%36.4M-20.4%45.8M-18.8%
Deferred tax liabilities1.02B-4.9%1.07B-12.9%1.23B+1328.4%86.0M+409.7%16.9M
Other non-current liabilities2.38B+9.1%2.18B-11.0%2.45B+1022.0%219M+42.7%153M+11.5%
4.66B+2.3%4.55B-9.4%5.03B+31.4%3.82B+45.2%2.63B+12.0%
Preferred stock0.000.000.000.000.00
Common stock14.0K+7.7%13.0K+0.0%13.0K+62.5%8.00K+14.3%7.00K+0.0%
Additional paid-in capital5.04B+2.4%4.93B+2.7%4.80B+88.8%2.54B+4.9%2.42B+15.7%
Retained earnings-360M-10.5%-326M-230.5%249M-81.1%1.32B+464.5%234M-6.2%
Accumulated other comprehensive income-24.6M+47.5%-46.9M-120.6%-21.3M+38.7%-34.7M-60.6%-21.6M-320.6%
Non-controlling interest69.0M-24.0%90.7M+92.7%47.1M+29.8%36.3M-25.6%48.7M+36.2%
Total equity incl. non-controlling4.73B+1.8%4.64B-8.4%5.07B+31.4%3.86B+43.9%2.68B+12.4%
Total liabilities & equity15.2B-1.4%15.4B-5.4%16.3B+111.2%7.73B+21.0%6.39B+19.4%
Common shares outstanding137M+4.9%130M+3.5%126M+63.6%76.9M+3.3%74.4M+8.6%
Shares outstanding (cover)137M+4.8%130M+3.5%126M+63.6%76.9M+3.3%74.4M+2.6%
Cash Flowas ofMar 31 ’26as ofMar 31 ’25as ofMar 31 ’24as ofMar 31 ’23as ofMar 31 ’22
1.59B+75.1%908M+32.0%688M+87.1%368M-27.2%506M-30.5%
Depreciation & amortization1.35B-0.5%1.36B+17.6%1.16B+131.3%500M+1.0%495M+24.8%
Intangible amortization316M-2.6%324M+11.9%290M+219.2%90.8M+3.1%88.1M+33.0%
Share-based compensation81.1M+0.9%80.4M-3.9%83.6M-1.0%84.5M-2.7%86.8M+2.3%
Deferred income taxes45.9M+130.9%-149M+17.1%-180M-772.1%26.7M—
Change in receivables58.2M-2.6%59.7M-13.6%69.2M-46.0%128M+111.9%60.5M+171.7%
Change in inventory-13.1M+60.7%-33.2M-348.2%13.4M-81.7%73.1M+3079.8%2.30M-94.6%
Change in payables36.8M-9.0%40.5M+197.5%-41.5M-216.9%35.5M+39.6%25.4M+204.4%
-759M-0.1%-758M+41.3%-1.29B-268.1%768M+168.0%-1.13B-27.6%
Capital expenditure———1.08B+14.8%938M+13.4%
Free cash flow———-709M-63.9%-433M-332.5%
Acquisitions0.000.00-100.0%343M0.00-100.0%140M
Other investing activities-20.8M-2.2%-20.3M———
-694M-56.9%-443M-139.4%1.12B+1800.3%-66.1M-110.3%644M+330.0%
Long-term debt issued176M-91.1%1.98B+13.7%1.74B+221.6%540M-57.3%1.27B+216.5%
Long-term debt repaid809M-66.2%2.39B+321.6%567M-1.6%576M-5.6%610M+45.1%
Common stock issued0.000.000.000.000.00
Common stock repurchased0.000.000.000.000.00
Dividends paid0.000.000.000.000.00
Other financing activities1.37M+144.3%-3.10M-792.4%448K+113.4%-3.34M-1.5%-3.29M+32.5%
FX effect on cash-1.69M-144.1%3.83M+1293.1%275K+132.6%-843K+82.9%-4.92M-98460.0%
Net change in cash135M+146.6%-289M-155.4%522M-51.2%1.07B+7266.8%14.5M+273.6%
Interest paid327M-16.3%390M+70.4%229M+1981.5%11.0M-24.8%14.6M-37.8%
Income taxes paid80.7M-58.9%196M-2.1%201M+1116.2%16.5M-3.8%17.1M+157.0%
Valuation Ratiosas ofMar 31 ’26as ofMar 31 ’25as ofMar 31 ’24as ofMar 31 ’23as ofMar 31 ’22
Market cap6.25B+360.6%1.36B-40.1%2.27B-12.9%2.60B-28.3%3.63B+4.2%
P/E——9.9×+314.1%2.4×—
P/S1.3×+348.6%0.3×-49.6%0.6×-41.4%1.0×-32.2%1.5×-17.2%
P/B1.3×+350.1%0.3×-32.9%0.4×-34.7%0.7×-50.7%1.4×-7.0%
Earnings yield——10.1%-75.8%41.7%—
Source filing10-K10-K10-K10-K10-K
Fiscal yearCEOTotal, as reportedActually paidOther executives, average$100 in the stock$100 in peers
FY2026Mark Dankberg$14.2M$45.5M$4.7M$95.28$111.66
FY2025Mark Dankberg$7.9M$2.1M$3.3M$21.68$102.98
FY2024Mark Dankberg$9M−$1.8M$6.6M$37.63$82.84
FY2023Richard Baldridge $4.9M / −$4.2MMark Dankberg $7M / −$2.3M$11.9M−$6.4M$2.2M$70.40$81.98
FY2022Richard Baldridge$12.2M$9.6M$5.5M——
FY2021Richard Baldridge $9.2M / $13.8MMark Dankberg $9.4M / $14.2M$18.6M$27.9M$3.2M——

From the pay-versus-performance table of each proxy statement (DEF 14A), the newest that states the year. “Actually paid” values stock awards at the year’s closing price, so it falls when the stock does. A year two chief executives shared lists each one’s pay, as reported / actually paid, and the totals are both. $100 in the stock and in the peer group the proxy names are the newest proxy’s, from the start of its first year.

About this data

Source: VSAT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all VSAT filings on SEC EDGAR → Not investment advice.