Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
VSAT · Nasdaq · United States · Communications Services, Nec
In shortVIASAT INC is loss-making, generates cash and carries moderate debt, with revenue growing (+2.7% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 2.3% | 24/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -0.7% | 17/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -0.7% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 0.8% | 5/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.41× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.38× | 34/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 4.10× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.30× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.22 | 3/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 34.3% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 27.4% | 10/100 |
| Operating margin volatility | 8.7% | 30/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 22.0% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,417 | 2,556 | 4,284 | 4,520 | 4,640 |
| Research & development | 149 | 129 | 151 | 142 | 165 |
| Selling, general & admin | 641 | 719 | 1,894 | 1,181 | 999 |
| Operating income | (113) | (156) | (890) | (97) | 108 |
| Interest expense | 29 | 27 | 400 | 422 | 360 |
| Pre-tax income | (138) | (162) | (1,194) | (545) | 105 |
| Income tax | (37) | 49 | (139) | (0.9) | 116 |
| Net income | (16) | 1,085 | (1,069) | (575) | (34) |
| Diluted EPS | −$0.21 | $14.29 | −$9.12 | −$4.48 | −$0.25 |
| Diluted shares (millions) | 73 | 76 | 117 | 128 | 135 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
1.22 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026