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.

Shares outstanding (point-in-time)

2024-06 127.8M2024-09 128.4M2024-12 129.1M2025-03 130.3M2025-06 134.3M2025-09 135.3M2025-12 135.8M2026-03 136.6M2026-06 137.8M+7.8% 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.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
Revenue	4.64B YoY+2.7%	4.52B YoY+5.5%	4.28B YoY+67.6%	2.56B YoY+5.7%	2.42B YoY+25.8%
	4.27B YoY-1.9%	4.35B YoY-12.0%	4.95B YoY+84.4%	2.68B	—
Research & development	165M YoY+15.8%	142M YoY-5.5%	151M YoY+16.9%	129M YoY-13.7%	149M YoY+37.8%
Selling, general & administrative	999M YoY-15.4%	1.18B YoY-37.6%	1.89B YoY+163.5%	719M YoY+12.1%	641M YoY+28.9%
Amortization of intangibles	316M YoY-2.6%	324M YoY+11.9%	290M YoY+219.2%	90.8M YoY+3.1%	88.1M YoY+33.0%
Operating income	108M YoY+210.9%	-97.5M YoY+89.0%	-890M YoY-470.5%	-156M YoY-37.8%	-113M YoY-146.2%
Interest expense	360M YoY-14.6%	422M YoY+5.4%	400M YoY+1393.5%	26.8M YoY-8.8%	29.4M YoY-10.1%
Other non-operating income	163M YoY+1734.0%	-9.98M	0.00 YoY-100.0%	1.10M YoY-73.3%	4.12M
Equity-method income	15.3M YoY+16.0%	13.2M YoY+89.6%	6.97M YoY+10668.2%	-66.0K YoY+76.5%	-281K YoY-150.5%
Pre-tax income	105M YoY+119.2%	-545M YoY+54.3%	-1.19B YoY-636.3%	-162M YoY-17.6%	-138M YoY-76.4%
Income tax	116M YoY+12451.0%	-941K YoY+99.3%	-139M YoY-382.2%	49.4M YoY+235.3%	-36.5M YoY-226.2%
	-34.1M YoY+94.1%	-575M YoY+46.2%	-1.07B YoY-198.5%	1.08B YoY+43789.3%	-2.48M YoY-114.5%
Discontinued operations	—	—	-10.4M YoY-100.8%	1.30B YoY+1213.0%	99.2M YoY+18.7%
Net income to non-controlling interest	38.0M YoY-13.3%	43.8M YoY+299.1%	11.0M YoY+84.9%	5.94M YoY-54.5%	13.1M YoY-2.7%
Net income to common	—	—	—	—	-15.5M YoY-520.9%
	-$0.25 YoY+94.4%	-$4.48 YoY+50.9%	-$9.12 YoY-163.8%	$14.29 YoY+6904.8%	-$0.21 YoY-450.0%
EPS (basic)	-$0.25 YoY+94.4%	-$4.48 YoY+50.9%	-$9.12 YoY-163.8%	$14.29 YoY+6904.8%	-$0.21 YoY-450.0%
	135M YoY+4.9%	128M YoY+9.6%	117M YoY+54.4%	75.9M YoY+3.4%	73.4M YoY+10.5%
	135M YoY+4.9%	128M YoY+9.6%	117M YoY+54.4%	75.9M YoY+3.4%	73.4M YoY+10.5%
Balance Sheet	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
	3.12B YoY+8.2%	2.89B YoY-17.0%	3.48B YoY+55.0%	2.24B YoY+93.6%	1.16B YoY+17.0%
Cash & equivalents	1.75B YoY+8.4%	1.61B YoY-15.2%	1.90B YoY+40.9%	1.35B YoY+334.5%	310M YoY+4.9%
Accounts receivable	753M YoY+7.7%	700M YoY+3.1%	678M YoY+61.5%	420M YoY+34.5%	312M YoY+30.8%
Inventory	281M YoY-4.3%	294M YoY-7.5%	318M YoY+18.4%	269M YoY+35.7%	198M YoY-41.2%
Prepaid expenses	343M YoY+21.3%	282M YoY-51.5%	582M YoY+229.4%	177M YoY+24.9%	141M YoY+17.9%
Other current assets	163M YoY+54.7%	106M YoY-21.4%	134M YoY+120.6%	60.9M YoY+56.4%	39.0M YoY+52.4%
	15.2B YoY-1.4%	15.4B YoY-5.4%	16.3B YoY+111.2%	7.73B YoY+21.0%	6.39B YoY+19.4%
Property, plant & equipment	7.27B YoY-1.8%	7.41B YoY-2.0%	7.56B YoY+72.6%	4.38B YoY+18.2%	3.70B YoY+21.5%
Operating lease right-of-use	428M YoY+2.8%	416M YoY+6.0%	393M YoY+39.5%	282M YoY-17.9%	343M YoY+0.8%
Goodwill	1.63B YoY+0.2%	1.62B YoY+0.0%	1.62B YoY+922.9%	159M YoY-6.0%	169M YoY+37.9%
Intangible assets	2.00B YoY-12.0%	2.27B YoY-10.8%	2.54B YoY+1164.6%	201M YoY-14.8%	236M YoY+2367.0%
Deferred tax assets	68.7M YoY-57.2%	160M YoY-1.9%	164M YoY+589.6%	23.7M YoY-92.2%	305M YoY+11.5%
Other non-current assets	780M YoY-7.8%	846M YoY+15.2%	734M YoY+57.5%	466M YoY-33.4%	699M YoY-16.3%
	1.30B YoY-22.6%	1.68B YoY+29.4%	1.30B YoY+35.5%	957M YoY+24.2%	770M YoY+8.7%
Accounts payable	288M YoY+9.0%	264M YoY-8.0%	287M YoY+5.8%	272M YoY+35.3%	201M YoY+38.3%
Deferred revenue	293M YoY-0.5%	294M YoY+13.0%	260M YoY+96.9%	132M YoY+0.4%	132M YoY-39.2%
Short-term & current debt	57.8M YoY-88.5%	504M YoY+767.9%	58.1M YoY+53.0%	37.9M YoY+8.7%	34.9M YoY+14.6%
Current lease liability	60.9M YoY-6.8%	65.3M YoY-8.7%	71.6M YoY+41.3%	50.6M YoY+1.3%	50.0M YoY+2.2%
	10.5B YoY-2.8%	10.8B YoY-4.0%	11.3B YoY+190.9%	3.87B YoY+4.4%	3.71B YoY+25.1%
Long-term debt	6.39B YoY-2.2%	6.53B YoY-8.4%	7.13B YoY+194.4%	2.42B YoY-2.6%	2.49B YoY+35.6%
Deferred revenue (non-current)	1.06B YoY+35.3%	787M YoY-12.2%	896M YoY+957.7%	84.7M YoY-4.8%	89.0M YoY+5.1%
Non-current lease liability	430M YoY+3.9%	414M YoY+9.1%	380M YoY+39.1%	273M YoY-13.7%	316M YoY+0.8%
Operating lease liability (total)	491M YoY+2.4%	479M YoY+6.3%	451M YoY+39.4%	324M YoY-14.8%	380M YoY+4.7%
Finance lease liability (total)	139M YoY-12.3%	158M YoY+492.0%	26.8M YoY-26.5%	36.4M YoY-20.4%	45.8M YoY-18.8%
Deferred tax liabilities	1.02B YoY-4.9%	1.07B YoY-12.9%	1.23B YoY+1328.4%	86.0M YoY+409.7%	16.9M
Other non-current liabilities	2.38B YoY+9.1%	2.18B YoY-11.0%	2.45B YoY+1022.0%	219M YoY+42.7%	153M YoY+11.5%
	4.66B YoY+2.3%	4.55B YoY-9.4%	5.03B YoY+31.4%	3.82B YoY+45.2%	2.63B YoY+12.0%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	14.0K YoY+7.7%	13.0K YoY+0.0%	13.0K YoY+62.5%	8.00K YoY+14.3%	7.00K YoY+0.0%
Additional paid-in capital	5.04B YoY+2.4%	4.93B YoY+2.7%	4.80B YoY+88.8%	2.54B YoY+4.9%	2.42B YoY+15.7%
Retained earnings	-360M YoY-10.5%	-326M YoY-230.5%	249M YoY-81.1%	1.32B YoY+464.5%	234M YoY-6.2%
Accumulated other comprehensive income	-24.6M YoY+47.5%	-46.9M YoY-120.6%	-21.3M YoY+38.7%	-34.7M YoY-60.6%	-21.6M YoY-320.6%
Non-controlling interest	69.0M YoY-24.0%	90.7M YoY+92.7%	47.1M YoY+29.8%	36.3M YoY-25.6%	48.7M YoY+36.2%
Total equity incl. non-controlling	4.73B YoY+1.8%	4.64B YoY-8.4%	5.07B YoY+31.4%	3.86B YoY+43.9%	2.68B YoY+12.4%
Total liabilities & equity	15.2B YoY-1.4%	15.4B YoY-5.4%	16.3B YoY+111.2%	7.73B YoY+21.0%	6.39B YoY+19.4%
	137M YoY+4.9%	130M YoY+3.5%	126M YoY+63.6%	76.9M YoY+3.3%	74.4M YoY+8.6%
	137M YoY+4.8%	130M YoY+3.5%	126M YoY+63.6%	76.9M YoY+3.3%	74.4M YoY+2.6%
Cash Flow	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
	1.59B YoY+75.1%	908M YoY+32.0%	688M YoY+87.1%	368M YoY-27.2%	506M YoY-30.5%
Depreciation & amortization	1.35B YoY-0.5%	1.36B YoY+17.6%	1.16B YoY+131.3%	500M YoY+1.0%	495M YoY+24.8%
Intangible amortization	316M YoY-2.6%	324M YoY+11.9%	290M YoY+219.2%	90.8M YoY+3.1%	88.1M YoY+33.0%
Share-based compensation	81.1M YoY+0.9%	80.4M YoY-3.9%	83.6M YoY-1.0%	84.5M YoY-2.7%	86.8M YoY+2.3%
Deferred income taxes	45.9M YoY+130.9%	-149M YoY+17.1%	-180M YoY-772.1%	26.7M	—
Change in receivables	58.2M YoY-2.6%	59.7M YoY-13.6%	69.2M YoY-46.0%	128M YoY+111.9%	60.5M YoY+171.7%
Change in inventory	-13.1M YoY+60.7%	-33.2M YoY-348.2%	13.4M YoY-81.7%	73.1M YoY+3079.8%	2.30M YoY-94.6%
Change in payables	36.8M YoY-9.0%	40.5M YoY+197.5%	-41.5M YoY-216.9%	35.5M YoY+39.6%	25.4M YoY+204.4%
	-759M YoY-0.1%	-758M YoY+41.3%	-1.29B YoY-268.1%	768M YoY+168.0%	-1.13B YoY-27.6%
Capital expenditure	—	—	—	1.08B YoY+14.8%	938M YoY+13.4%
Free cash flow	—	—	—	-709M YoY-63.9%	-433M YoY-332.5%
Acquisitions	0.00	0.00 YoY-100.0%	343M	0.00 YoY-100.0%	140M
Other investing activities	-20.8M YoY-2.2%	-20.3M	—	—	—
	-694M YoY-56.9%	-443M YoY-139.4%	1.12B YoY+1800.3%	-66.1M YoY-110.3%	644M YoY+330.0%
Long-term debt issued	176M YoY-91.1%	1.98B YoY+13.7%	1.74B YoY+221.6%	540M YoY-57.3%	1.27B YoY+216.5%
Long-term debt repaid	809M YoY-66.2%	2.39B YoY+321.6%	567M YoY-1.6%	576M YoY-5.6%	610M YoY+45.1%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	1.37M YoY+144.3%	-3.10M YoY-792.4%	448K YoY+113.4%	-3.34M YoY-1.5%	-3.29M YoY+32.5%
FX effect on cash	-1.69M YoY-144.1%	3.83M YoY+1293.1%	275K YoY+132.6%	-843K YoY+82.9%	-4.92M YoY-98460.0%
Net change in cash	135M YoY+146.6%	-289M YoY-155.4%	522M YoY-51.2%	1.07B YoY+7266.8%	14.5M YoY+273.6%
Interest paid	327M YoY-16.3%	390M YoY+70.4%	229M YoY+1981.5%	11.0M YoY-24.8%	14.6M YoY-37.8%
Income taxes paid	80.7M YoY-58.9%	196M YoY-2.1%	201M YoY+1116.2%	16.5M YoY-3.8%	17.1M YoY+157.0%
Valuation Ratios	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
Market cap	6.25B YoY+360.6%	1.36B YoY-40.1%	2.27B YoY-12.9%	2.60B YoY-28.3%	3.63B YoY+4.2%
P/E	—	—	9.9× YoY+314.1%	2.4×	—
P/S	1.3× YoY+348.6%	0.3× YoY-49.6%	0.6× YoY-41.4%	1.0× YoY-32.2%	1.5× YoY-17.2%
P/B	1.3× YoY+350.1%	0.3× YoY-32.9%	0.4× YoY-34.7%	0.7× YoY-50.7%	1.4× YoY-7.0%
	—	—	10.1% YoY-75.8%	41.7%	—
Source filing	10-K	10-K	10-K	10-K	10-K

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.