ViaSat (VSAT) AI Stock Analysis

• Market Cap: $4.15B
• Dividend Yield: N/A
• Average Volume (3M): 4.05M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: -1.43%
• EPS Growth: 43.14%
• Country: US
• Employees: 7,500
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -0.43
• Shares Outstanding: 134,262,860
• 10 Day Avg. Volume: 3,470,919
• 30 Day Avg. Volume: 4,050,543
• PEG Ratio: 0.05
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 0.30
• P/FCF Ratio: -11.12
• Enterprise Value/Market Cap: 1.90
• Enterprise Value/Revenue: 1.72
• Enterprise Value/Gross Profit: 5.30
• Enterprise Value/Ebitda: 6.52
• 1Y Price Target: $25.00
• Price Target Upside: -22.02% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 8

• Rating: 52 Neutral
• Price Target: $31.00 ▼(-3.31% Downside)

ViaSat's overall stock score is primarily impacted by its challenging financial performance, with persistent losses and high leverage. While technical indicators show moderate bullish momentum, the negative P/E ratio and lack of dividend yield weigh on the valuation. The earnings call highlighted both positive developments and ongoing challenges, but it was not factored into the score due to weight redistribution.

Positive Factors

Strategic Partnership

The formation of Equatys with Space42 to enable global direct-to-device services and 5G network evolution represents a strategic move to enhance Viasat's market position and service offerings, potentially driving long-term revenue growth and competitive advantage.

Defense and Advanced Technologies Growth

The strong growth in the Defense and Advanced Technologies segment, with a 22% increase in awards, underscores Viasat's robust technology portfolio and positions it well to capitalize on increasing defense spending and demand for advanced communication solutions.

ViaSat-3 Satellite Progress

Progress on the ViaSat-3 satellite series, including the planned launch of Flight 2, enhances Viasat's capacity and bandwidth capabilities, supporting its long-term strategy to meet growing global demand for satellite communications and improve service quality.

Negative Factors

High Leverage

Viasat's high leverage, indicated by a significant debt-to-equity ratio, poses a risk to financial stability and limits flexibility, potentially impacting its ability to invest in growth opportunities and weather economic downturns.

Net Loss Increase

The increase in net loss highlights ongoing profitability challenges, exacerbated by higher depreciation, amortization, and tax provisions, which could strain Viasat's financial resources and hinder its ability to achieve sustainable profitability.

Pressure in Fixed Broadband

The decline in U.S. fixed broadband revenue due to subscriber losses indicates competitive pressures and market saturation, potentially affecting Viasat's ability to maintain revenue growth in this segment over the long term.

ViaSat Business Overview & Revenue Model

Company Description

ViaSat Inc. (VSAT) is a global communications company specializing in satellite and broadband technology. The company operates in sectors such as satellite communications, cybersecurity, and networking, providing high-speed internet services, secure communication solutions, and data analytics. ViaSat's core products include satellite broadband services for residential and commercial customers, satellite systems for military and government applications, and advanced cybersecurity solutions for protecting critical communications infrastructure.

How the Company Makes Money

ViaSat generates revenue through multiple streams, primarily from the sale of satellite broadband services to residential and commercial customers, government contracts for satellite and secure communication solutions, and the provision of cybersecurity services. The company’s consumer broadband services, such as its Exede and ViaSat-2 offerings, contribute significantly to its revenues through monthly subscription fees. Additionally, ViaSat earns money from government and military contracts for satellite systems and services, which often involve long-term agreements. Strategic partnerships with other telecom and satellite companies enhance its service offerings and distribution channels, further driving revenue growth. The company also benefits from advancements in satellite technology, enabling it to offer higher capacity and faster internet services, thus attracting more customers and increasing its market share.

ViaSat Financial Statement Overview

Summary

ViaSat's financial performance is challenged by negative profitability and high leverage, despite revenue growth. The income statement shows consistent net losses, and the balance sheet reflects substantial debt. Positive operating cash flow is overshadowed by negative free cash flow, indicating ongoing capital investment pressures.

Income Statement

ViaSat has seen a significant increase in revenue over the years, with a revenue growth rate of 5.5% from 2024 to 2025. However, the company's profitability metrics are concerning, with a negative net profit margin due to consistent net losses. The EBIT and EBITDA margins reflect operational challenges, as EBIT remains negative. Despite revenue growth, the profitability issues weigh heavily on the income statement score.

Balance Sheet

ViaSat's balance sheet reflects a high debt-to-equity ratio, indicating substantial leverage which could pose risks if not managed effectively. The equity ratio shows that a significant portion of the company's assets is financed through debt. The return on equity is negative, highlighting the company's inability to generate profit from its equity base. These elements point to a financially strained position with potential risk exposure.

Cash Flow

The company's cash flow statement reveals a positive trend in operating cash flow, which is encouraging. However, free cash flow remains negative, indicating that capital expenditures are high relative to cash generated from operations. The free cash flow to net income ratio is also negative due to the net losses, which suggests challenges in generating sufficient cash to cover expenses and investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.56B	4.52B	4.28B	2.56B	2.79B	2.26B
Gross Profit	1.48B	1.49B	1.38B	721.40M	847.51M	691.82M
EBITDA	1.21B	1.24B	363.98M	365.03M	386.93M	455.77M
Net Income	-598.48M	-574.96M	-1.07B	1.08B	-15.53M	3.69M
Balance Sheet
Total Assets	14.90B	15.45B	16.33B	7.73B	6.39B	5.35B
Cash, Cash Equivalents and Short-Term Investments	1.18B	1.61B	1.90B	1.35B	310.46M	295.95M
Total Debt	7.02B	7.52B	7.64B	2.78B	2.81B	2.15B
Total Liabilities	10.29B	10.80B	11.26B	3.87B	3.71B	2.96B
Stockholders Equity	4.56B	4.55B	5.03B	3.82B	2.63B	2.35B
Cash Flow
Free Cash Flow	88.38M	-122.00M	-851.19M	-796.46M	-484.67M	-158.06M
Operating Cash Flow	1.02B	908.19M	688.20M	367.86M	505.64M	727.22M
Investing Cash Flow	-712.79M	-758.36M	-1.29B	768.04M	-1.13B	-885.27M
Financing Cash Flow	-933.96M	-442.59M	1.12B	-66.13M	643.63M	149.69M

ViaSat Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VSAT, the sentiment is Positive. The current price of 32.06 is above the 20-day moving average (MA) of 30.26, above the 50-day MA of 27.26, and above the 200-day MA of 14.63, indicating a bullish trend. The MACD of 0.69 indicates Positive momentum. The RSI at 61.76 is Neutral, neither overbought nor oversold. The STOCH value of 82.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VSAT.

ViaSat Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GILT	69 Neutral	$865.52M	34.34	7.49%	―	19.67%	12.32%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LITE	59 Neutral	$11.87B	694.70	2.48%	―	21.03%	―
COMM	58 Neutral	$3.46B	―	17.08%	―	-11.03%	91.98%
SATS	54 Neutral	$22.19B	―	-1.60%	―	-35.86%	85.81%
ASTS	54 Neutral	$24.48B	―	-69.70%	―	249.43%	-50.21%
VSAT	52 Neutral	$4.15B	―	-12.48%	―	-1.43%	43.14%

ViaSat Corporate Events

Viasat Approves Amendments to Equity and Stock Plans

On September 4, 2025, Viasat, Inc. held its annual stockholders meeting where significant amendments to its 1996 Equity Participation Plan and Employee Stock Purchase Plan were approved. The Restated Equity Plan now allows for 6,410,000 shares for future issuance and extends the period for incentive stock options, while the Restated Purchase Plan increases the share issuance limit to 16,950,000 shares. Additionally, stockholders elected two directors, ratified the appointment of an accounting firm, and conducted an advisory vote on executive compensation.

Viasat Announces Retirement of Senior VP James Dodd

On August 21, 2025, Viasat, Inc. announced the upcoming retirement of James Dodd, the Senior Vice President and President of Commercial Services, effective on or about November 1, 2025. Mr. Dodd will remain with the company as a non-executive employee until December 31, 2025, and will receive separation benefits as per his severance agreement.

Viasat Announces Settlement with Ligado Networks

On June 13, 2025, Viasat announced that its subsidiary, Inmarsat, has reached a binding settlement with Ligado Networks and AST & Science as part of Ligado’s Chapter 11 reorganization. This agreement, pending bankruptcy court approval, involves Viasat receiving $568 million from Ligado by March 31, 2026, which will be used to manage near-term maturities and extend its maturity profile. The settlement includes quarterly payments from Ligado to Inmarsat starting September 30, 2025, and two lump sum payments, while Ligado’s lawsuit against Inmarsat will be dismissed. This settlement reflects Viasat’s strategic approach to maintaining its market position and advancing its growth strategy.