ViaSat (VSAT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

ViaSat

NasdaqGS•Technology•Communication Equipment

$70.95+0.34(<0.01%)Pre-market

Market Cap

$10.47B

P/S

2.3x

P/B

2.3x

Viasat, Inc. engages in the provision of broadband and communications products and services in the United States and internationally. It operates in segments, Communication Services; and Defense and Advanced Technologies. It offers satellite-based broadband and narrowband communications solutions; broadband services, including broadband internet access and voice over internet protocol; fixed and mobile broadband and narrowband services; develops and sells satellite, wireless products, and terminals; and design, develop, and produce space system solutions for geostationary, medium, and low earth orbit. The company also provides in-flight connectivity, narrowband safety operational data, and other complementary services; multimedia connectivity for military and government; tactical and beyond-line-of-sight communications; intelligence surveillance and reconnaissance; L-band advanced communications element terminals; enterprise connectivity solutions; Internet-of-Things; and L-band managed, energy, and prepaid internet services. In addition, it offers networking, cybersecurity, and information assurance products and services; high assurance internet protocol encryption solutions; MOJO expeditionary tactical gateway; government satellite communication systems, mobile and fixed broadband modems, ground and airborne terminals, antennas and gateways, Ka-band earth stations, and other multi-band/multi-function antennas, as well as design products for manpacks, aircraft, unmanned aerial vehicles, seagoing vessels, ground-mobile vehicles, space-based systems, and fixed applications. Further, the company designs and develops GEO, LEO, and MEO satellites, payload, antenna technologies, and other small satellite platforms; develops commercial communication satellite product, orchestration of sovereign and multi-orbit solutions, and direct-to-device; and licenses intellectual property. Viasat, Inc. was incorporated in 1986 and is headquartered in Carlsbad, California.

How this company scores

WeakMetricSide Score: 58/100

Grade capped at D — Interest coverage below 1× (0.6x) — earnings cannot cover interest. Strongest: Profitability (17/25); weakest: Balance Sheet & Red Flags (11/25).

Profitability17/25

Growth14/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality16/25

Strengths

Rising free cash flowLong cash runwayProfit converts from growthImproving leverage

Grade capped at D

Interest coverage below 1× (0.6x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.5x5y range 2.3x – 98.3x

Currently above its 6-quarter median.

P/S · 2.3x5y range 0.2x – 2.3x

Currently above its 20-quarter median.

P/B · 2.3x5y range 0.2x – 2.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 1.9x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $10.47B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.63B
Q. Revenue: $1.16B
TTM EBITDA: $1.44B
TTM Op. Income: $108.76M
Q. Op. Income: $47.31M
TTM Net Income: $-29.39M
Q. Net Income: $-51.74M
EPS: $-0.38
Shares Out.: $137.12M

$4.63B in TTM revenue grew 1.3% YoY, reaching $1.16B last quarter. TTM EBITDA of $1.44B and TTM operating income of $108.76M show growth is flowing through to the bottom line. However, net income is negative at $29.39M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is up 1% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 55.6%
EBITDA Margin: 31.2%
Op. Margin: 4.1%
Net Margin: -4.5%

Op. margin of 4.1% is up 0.1% YoY — cost efficiency is improving. Net margin at -4.5% and gross margin of 55.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 3% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.3x
P/B Ratio: 2.3x

P/S of 2.3x and P/B of 2.3x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $15.11B
Cash: $1.74B
Long-Term Debt: $5.78B
Book Value: $4.64B
D/E Ratio: 1.2
Debt/EBITDA: 16.0

With $15.11B in assets and $5.78B in long-term debt, D/E is 1.2and book value is $4.64B — moderate leverage. Over the past year, debt/equity is down 13% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $260.55M
TTM Free Cash Flow: $578.29M
FCF Margin: 12.5%
FCF / Net Income: -19.7

TTM FCF of $578.29M on $260.55M in operating cash flow. The FCF / Net Income ratio of -19.7x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.