ViaSat (VSAT) AI Stock Analysis

• Market Cap: $3.75B
• Dividend Yield: N/A
• Average Volume (3M): 3.85M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.89
• Revenue Growth: -1.43%
• EPS Growth: 43.14%
• Country: US
• Employees: 7,500
• Sector: Technology
• Sector Strength: 85
• Industry: Communication Equipment
• EPS (TTM): -0.43
• Shares Outstanding: 134,262,860
• 10 Day Avg. Volume: 3,033,320
• 30 Day Avg. Volume: 3,853,488
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.10
• Enterprise Value/Revenue: 1.74
• Enterprise Value/Gross Profit: 5.53
• Enterprise Value/Ebitda: 6.48
• 1Y Price Target: $24.29
• Price Target Upside: -13.90% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 60 Neutral
• Price Target: $27.00 ▼(-4.29% Downside)

ViaSat's overall stock score reflects a mix of strong technical momentum and strategic corporate actions, offset by financial challenges and valuation concerns. The company's ability to manage its high leverage and improve profitability will be crucial for future performance.

Positive Factors

Debt Management

The company aims to reduce its debt, which would lead to lower interest expenses and increased free cash flow.

Financial Performance

Viasat reported strong results, indicating a solid performance in their operations.

Settlement Agreement

ViaSat announced a favorable settlement agreement with Ligado that will involve $520 million in lump-sum payments and $16 million in quarterly payments that increase 3% annually.

Negative Factors

Capacity Constraints

Slow growth attributed to limited satellite capacity until VS3-F2 and F3 enter service.

Competitive Pressure

ViaSat continues to face intense competition from Starlink across the residential, maritime, aviation, and government end-markets.

Competitive Risk

Long-term competitive risk from LEO constellations remains a concern for Viasat's terminal value.

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 marked by strong revenue growth but significant profitability challenges. The company faces high leverage and negative margins, impacting its balance sheet and income statement. While operating cash flow is positive, negative free cash flow indicates 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	4.52B	4.52B	4.28B	2.56B	2.79B	2.26B
Gross Profit	1.42B	1.49B	1.38B	721.40M	847.51M	691.82M
EBITDA	1.21B	1.24B	363.98M	365.03M	386.93M	351.59M
Net Income	-574.96M	-574.96M	-1.07B	-211.57M	-2.20M	16.55M
Balance Sheet
Total Assets	15.45B	15.45B	16.33B	7.73B	6.39B	5.35B
Cash, Cash Equivalents and Short-Term Investments	1.61B	1.61B	1.90B	1.35B	310.46M	295.95M
Total Debt	7.52B	7.52B	7.64B	2.73B	2.81B	2.15B
Total Liabilities	10.80B	10.80B	11.26B	3.87B	3.71B	2.96B
Stockholders Equity	4.55B	4.55B	5.03B	3.82B	2.63B	2.35B
Cash Flow
Free Cash Flow	-122.00M	-122.00M	-851.19M	-796.46M	-484.67M	-158.06M
Operating Cash Flow	908.19M	908.19M	688.20M	367.86M	505.64M	727.22M
Investing Cash Flow	-758.36M	-758.36M	-1.29B	768.04M	-1.13B	-885.27M
Financing Cash Flow	-442.59M	-442.59M	1.12B	-66.13M	643.63M	149.69M

ViaSat Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 28.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• 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 28.21 is above the 20-day moving average (MA) of 24.00, above the 50-day MA of 18.37, and above the 200-day MA of 11.61, indicating a bullish trend. The MACD of 3.00 indicates Positive momentum. The RSI at 75.10 is Negative, neither overbought nor oversold. The STOCH value of 77.10 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
CIEN	71 Outperform	$12.70B	125.10	3.71%	―	2.86%	-29.92%
LITE	65 Neutral	$8.34B	506.11	2.48%	―	21.03%	―
Sector *	61 Neutral	$35.48B	7.36	-10.37%	1.90%	8.86%	-10.35%
VSAT	60 Neutral	$3.75B	―	-12.48%	―	-1.43%	43.14%
VIAV	58 Neutral	$2.48B	72.27	4.76%	―	8.39%	―
SATS	46 Neutral	$8.52B	―	-1.60%	―	-35.86%	85.81%
BOXL	41 Neutral	$4.99M	―	-126.41%	―	-30.79%	43.48%

ViaSat Corporate Events

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.

Viasat Updates Stockholder Agreements and Board Changes

On May 21, 2025, Viasat, a company involved in communications, entered into new Stockholder Agreements with former sellers, replacing previous agreements. These agreements require certain stakeholders to vote their shares according to the board’s recommendations and include transfer restrictions and standstill limitations. The former agreements, which allowed sellers to appoint directors, were terminated, and Andrew Sukawaty resigned from the board, with Viasat expressing gratitude for his service.