ViaSat (VSAT) AI Stock Analysis

• Market Cap: $4.92B
• Dividend Yield: N/A
• Average Volume (3M): 3.11M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.67
• 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: 2,400,439
• 30 Day Avg. Volume: 3,114,577
• 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: 1.60
• Enterprise Value/Revenue: 1.72
• Enterprise Value/Gross Profit: 5.30
• Enterprise Value/Ebitda: 6.52
• 1Y Price Target: $23.80
• Price Target Upside: -31.17% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 7

• Rating: 56 Neutral
• Price Target: $38.00 ▲(9.89% Upside)

ViaSat's overall stock score reflects significant financial challenges, with persistent losses and high leverage being the most impactful factors. Despite strong revenue growth, profitability and cash flow generation remain critical issues. Technical analysis shows positive momentum, providing some optimism. However, the negative P/E ratio and lack of dividend yield weigh on the valuation score.

Positive Factors

Defense and Advanced Technologies Growth

The growth in the Defense and Advanced Technologies segment indicates a strong market position and potential for sustained revenue, driven by increasing demand for advanced communication solutions.

ViaSat-3 Satellite Progress

The advancement of the ViaSat-3 satellite series is crucial for expanding service capabilities and enhancing competitive advantage in satellite communications.

USSF Contract Award

Securing a contract with the USSF for the PTS-G program strengthens Viasat's position in government contracts, ensuring long-term revenue streams and technological leadership.

Negative Factors

High Leverage

High leverage poses a risk to financial stability, potentially limiting the company's ability to invest in growth opportunities and manage economic downturns effectively.

Negative Cash Flow Trends

Ongoing negative cash flow trends highlight challenges in cash generation, which can impact the company's ability to fund operations and reduce reliance on external financing.

Pressure in Fixed Broadband

Declining revenue in the fixed broadband segment suggests competitive pressures and market challenges, potentially affecting overall revenue growth and market share.

ViaSat Business Overview & Revenue Model

Company Description

Viasat, Inc. provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines; community internet services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics. Its Commercial Networks segment offers fixed broadband satellite communication systems comprising satellite network infrastructure and ground terminals; mobile broadband satellite communication systems; antenna systems for terrestrial and satellite applications, such as earth imaging, remote sensing, mobile satellite communication, Ka-band earth stations, and other multi-band antennas; design and technology services comprising analysis, design, and development of satellites and ground systems; application specific integrated circuit and monolithic microwave integrated circuit chips; and network function virtualization, as well as space system design and development products and services include architectures for GEO, MEO, LEO satellites, and other satellite platforms. The company was incorporated in 1986 and is headquartered in Carlsbad, California.

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: 34.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 34.58 is above the 20-day moving average (MA) of 33.63, above the 50-day MA of 31.28, and above the 200-day MA of 16.47, indicating a bullish trend. The MACD of 1.86 indicates Negative momentum. The RSI at 61.57 is Neutral, neither overbought nor oversold. The STOCH value of 61.94 is Neutral, 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	74 Outperform	$859.09M	36.56	7.49%	―	19.67%	12.32%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LITE	59 Neutral	$11.21B	714.59	2.48%	―	21.03%	―
COMM	58 Neutral	$3.45B	-24.12	―	―	-11.03%	91.98%
VSAT	56 Neutral	$4.92B	―	-12.48%	―	-1.43%	43.14%
ASTS	54 Neutral	$28.42B	―	-69.70%	―	249.43%	-50.21%
SATS	51 Neutral	$20.78B	-65.00	-1.60%	―	-35.86%	85.81%

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.

The most recent analyst rating on (VSAT) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on ViaSat stock, see the VSAT Stock Forecast page.

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.

The most recent analyst rating on (VSAT) stock is a Hold with a $22.50 price target. To see the full list of analyst forecasts on ViaSat stock, see the VSAT Stock Forecast page.

ViaSat Inc. Earnings Call: Growth Amid Challenges

The recent earnings call for ViaSat Inc. presented a balanced sentiment, highlighting both achievements and challenges. The company reported notable revenue growth, significant awards in InfoSec, and progress in satellite development. However, these positives were countered by increased net loss, ongoing challenges in fixed broadband, and slow recovery in OEM aircraft deliveries.

ViaSat Reports Strong Q1 FY2026 Performance

ViaSat Inc., a prominent player in the communications sector, specializes in broadband and narrowband solutions across various industries, including government and commercial sectors, with a focus on innovative satellite technologies.