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#
Gross profit
5Y CAGR +10.4%5Y CAGR +10.4%YoY −2.0%Operating income
5Y n/m10Y CAGR +10.2%YoY −80.0%Net income
5Y n/m10Y n/mYoY n/mEPS (diluted)
5Y n/m10Y n/mYoY n/mOperating cash flow
5Y CAGR +16.9%10Y CAGR +18.3%YoY +1.0%Capital expenditure
5Y CAGR +16.1%10Y CAGR +19.8%YoY +28.8%Free cash flow
5Y n/m10Y n/mYoY n/mShares (diluted)
5Y +102.8%10Y +172.5%YoY +2.6%Shares outstanding (point-in-time)
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.
| Line item | Trend | 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+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 & development | 165M+15.8% | 142M-5.5% | 151M+16.9% | 129M-13.7% | 149M+37.8% | |
| Selling, general & administrative | 999M-15.4% | 1.18B-37.6% | 1.89B+163.5% | 719M+12.1% | 641M+28.9% | |
| Amortization of intangibles | 316M-2.6% | 324M+11.9% | 290M+219.2% | 90.8M+3.1% | 88.1M+33.0% | |
| Operating income | 108M+210.9% | -97.5M+89.0% | -890M-470.5% | -156M-37.8% | -113M-146.2% | |
| Interest expense | 360M-14.6% | 422M+5.4% | 400M+1393.5% | 26.8M-8.8% | 29.4M-10.1% | |
| Other non-operating income | 163M+1734.0% | -9.98M | 0.00-100.0% | 1.10M-73.3% | 4.12M | |
| Equity-method income | 15.3M+16.0% | 13.2M+89.6% | 6.97M+10668.2% | -66.0K+76.5% | -281K-150.5% | |
| Pre-tax income | 105M+119.2% | -545M+54.3% | -1.19B-636.3% | -162M-17.6% | -138M-76.4% | |
| Income tax | 116M+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 interest | 38.0M-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 Sheet | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| 3.12B+8.2% | 2.89B-17.0% | 3.48B+55.0% | 2.24B+93.6% | 1.16B+17.0% | ||
| Cash & equivalents | 1.75B+8.4% | 1.61B-15.2% | 1.90B+40.9% | 1.35B+334.5% | 310M+4.9% | |
| Accounts receivable | 753M+7.7% | 700M+3.1% | 678M+61.5% | 420M+34.5% | 312M+30.8% | |
| Inventory | 281M-4.3% | 294M-7.5% | 318M+18.4% | 269M+35.7% | 198M-41.2% | |
| Prepaid expenses | 343M+21.3% | 282M-51.5% | 582M+229.4% | 177M+24.9% | 141M+17.9% | |
| Other current assets | 163M+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 & equipment | 7.27B-1.8% | 7.41B-2.0% | 7.56B+72.6% | 4.38B+18.2% | 3.70B+21.5% | |
| Operating lease right-of-use | 428M+2.8% | 416M+6.0% | 393M+39.5% | 282M-17.9% | 343M+0.8% | |
| Goodwill | 1.63B+0.2% | 1.62B+0.0% | 1.62B+922.9% | 159M-6.0% | 169M+37.9% | |
| Intangible assets | 2.00B-12.0% | 2.27B-10.8% | 2.54B+1164.6% | 201M-14.8% | 236M+2367.0% | |
| Deferred tax assets | 68.7M-57.2% | 160M-1.9% | 164M+589.6% | 23.7M-92.2% | 305M+11.5% | |
| Other non-current assets | 780M-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 payable | 288M+9.0% | 264M-8.0% | 287M+5.8% | 272M+35.3% | 201M+38.3% | |
| Deferred revenue | 293M-0.5% | 294M+13.0% | 260M+96.9% | 132M+0.4% | 132M-39.2% | |
| Short-term & current debt | 57.8M-88.5% | 504M+767.9% | 58.1M+53.0% | 37.9M+8.7% | 34.9M+14.6% | |
| Current lease liability | 60.9M-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 debt | 2.73B-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 liability | 430M+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 liabilities | 1.02B-4.9% | 1.07B-12.9% | 1.23B+1328.4% | 86.0M+409.7% | 16.9M | |
| Other non-current liabilities | 2.38B+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 stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 14.0K+7.7% | 13.0K+0.0% | 13.0K+62.5% | 8.00K+14.3% | 7.00K+0.0% | |
| Additional paid-in capital | 5.04B+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 interest | 69.0M-24.0% | 90.7M+92.7% | 47.1M+29.8% | 36.3M-25.6% | 48.7M+36.2% | |
| Total equity incl. non-controlling | 4.73B+1.8% | 4.64B-8.4% | 5.07B+31.4% | 3.86B+43.9% | 2.68B+12.4% | |
| Total liabilities & equity | 15.2B-1.4% | 15.4B-5.4% | 16.3B+111.2% | 7.73B+21.0% | 6.39B+19.4% | |
| Common shares outstanding | 137M+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 Flow | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| 1.59B+75.1% | 908M+32.0% | 688M+87.1% | 368M-27.2% | 506M-30.5% | ||
| Depreciation & amortization | 1.35B-0.5% | 1.36B+17.6% | 1.16B+131.3% | 500M+1.0% | 495M+24.8% | |
| Intangible amortization | 316M-2.6% | 324M+11.9% | 290M+219.2% | 90.8M+3.1% | 88.1M+33.0% | |
| Share-based compensation | 81.1M+0.9% | 80.4M-3.9% | 83.6M-1.0% | 84.5M-2.7% | 86.8M+2.3% | |
| Deferred income taxes | 45.9M+130.9% | -149M+17.1% | -180M-772.1% | 26.7M | — | |
| Change in receivables | 58.2M-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 payables | 36.8M-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% | |
| Acquisitions | 0.00 | 0.00-100.0% | 343M | 0.00-100.0% | 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 issued | 176M-91.1% | 1.98B+13.7% | 1.74B+221.6% | 540M-57.3% | 1.27B+216.5% | |
| Long-term debt repaid | 809M-66.2% | 2.39B+321.6% | 567M-1.6% | 576M-5.6% | 610M+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+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 cash | 135M+146.6% | -289M-155.4% | 522M-51.2% | 1.07B+7266.8% | 14.5M+273.6% | |
| Interest paid | 327M-16.3% | 390M+70.4% | 229M+1981.5% | 11.0M-24.8% | 14.6M-37.8% | |
| Income taxes paid | 80.7M-58.9% | 196M-2.1% | 201M+1116.2% | 16.5M-3.8% | 17.1M+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+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/S | 1.3×+348.6% | 0.3×-49.6% | 0.6×-41.4% | 1.0×-32.2% | 1.5×-17.2% | |
| P/B | 1.3×+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 filing | 10-K | 10-K | 10-K | 10-K | 10-K |
CEO pay#
As charts →| Fiscal year | CEO | Total, as reported | Actually paid | Other executives, average | $100 in the stock | $100 in peers |
|---|---|---|---|---|---|---|
| FY2026 | Mark Dankberg | $14.2M | $45.5M | $4.7M | $95.28 | $111.66 |
| FY2025 | Mark Dankberg | $7.9M | $2.1M | $3.3M | $21.68 | $102.98 |
| FY2024 | Mark Dankberg | $9M | −$1.8M | $6.6M | $37.63 | $82.84 |
| FY2023 | Richard Baldridge $4.9M / −$4.2MMark Dankberg $7M / −$2.3M | $11.9M | −$6.4M | $2.2M | $70.40 | $81.98 |
| FY2022 | Richard Baldridge | $12.2M | $9.6M | $5.5M | — | — |
| FY2021 | Richard 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.
