ViaSat (VSAT) AI Stock Analysis

• Market Cap: $2.23B
• Dividend Yield: N/A
• Average Volume (3M): 2.62M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.69
• Revenue Growth: 5.50%
• EPS Growth: 48.79%
• Country: US
• Employees: 7,500
• Sector: Technology
• Sector Strength: 90
• Industry: Communication Equipment
• EPS (TTM): -0.43
• Shares Outstanding: 134,253,590
• 10 Day Avg. Volume: 2,653,858
• 30 Day Avg. Volume: 2,617,810
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 3.30
• Enterprise Value/Revenue: 1.63
• Enterprise Value/Gross Profit: 5.16
• Enterprise Value/Ebitda: 6.05
• 1Y Price Target: $18.29
• Price Target Upside: -9.81% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 64 Neutral
• Price Target: $21.50 ▲(6.02%Upside)

ViaSat's stock is bolstered by strong technical momentum and strategic corporate developments, but faces significant valuation and financial performance challenges. Notable achievements in the recent earnings call and corporate events suggest potential for future improvement, yet current profitability issues and high leverage remain significant concerns.

Positive Factors

Aviation Wins

Recent aviation wins with American Airlines, Etihad, and Riyadh Air instill confidence that ViaSat will remain a satcom industry leader.

Defense Technology

ViaSat’s defense satellite connectivity continues to achieve impressive growth with the connected battlefield now a strategic imperative.

Settlement Agreement

The settlement with Ligado is seen as incrementally positive for VSAT, aiding in shoring up the company's balance sheet.

Negative Factors

Commercial Comms Decline

Commercial Comms experienced a decline, negatively impacting the company's overall results.

Competition

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

Satellite Delays

ViaSat has experienced delays with its ViaSat-3 satellite constellation, affecting its ability to provide Wi-Fi on most of American Airlines' international fleet.

ViaSat Business Overview & Revenue Model

Company Description

ViaSat Inc. is an American communications company that provides high-speed satellite broadband services and secure networking systems to military and commercial markets. The company operates in sectors such as satellite services, government systems, and commercial networks. ViaSat's core products and services include satellite internet services, secure networking solutions, and communication systems for air, land, and sea applications.

How the Company Makes Money

ViaSat makes money primarily through its satellite services segment, which includes consumer broadband services for residential customers, in-flight internet services for commercial airlines, and connectivity solutions for government and defense markets. Key revenue streams include subscription fees for satellite internet services, contracts with commercial airlines for in-flight connectivity, and government contracts for secure communication systems. Significant partnerships with airlines and government agencies contribute to its earnings by expanding its customer base and enhancing service offerings.

ViaSat Financial Statement Overview

Summary

ViaSat shows revenue growth but faces significant challenges with profitability and high leverage. The negative net profit margin and high debt-to-equity ratio are concerning, though there is a positive trend in operating cash flow.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.52B	4.28B	2.56B	2.79B	2.26B
Gross Profit	1.49B	1.38B	721.40M	847.51M	691.82M
EBITDA	1.24B	363.98M	365.03M	386.93M	351.59M
Net Income	-574.96M	-1.07B	-211.57M	-2.20M	16.55M
Balance Sheet
Total Assets	15.45B	16.33B	7.73B	6.39B	5.35B
Cash, Cash Equivalents and Short-Term Investments	1.61B	1.90B	1.35B	310.46M	295.95M
Total Debt	7.52B	7.64B	2.73B	2.81B	2.15B
Total Liabilities	10.80B	11.26B	3.87B	3.71B	2.96B
Stockholders Equity	4.55B	5.03B	3.82B	2.63B	2.35B
Cash Flow
Free Cash Flow	-122.00M	-851.19M	-796.46M	-484.67M	-158.06M
Operating Cash Flow	908.19M	688.20M	367.86M	505.64M	727.22M
Investing Cash Flow	-758.36M	-1.29B	768.04M	-1.13B	-885.27M
Financing Cash Flow	-442.59M	1.12B	-66.13M	643.63M	149.69M

ViaSat Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 20.28 is above the 20-day moving average (MA) of 15.55, above the 50-day MA of 13.33, and above the 200-day MA of 10.41, indicating a bullish trend. The MACD of 0.97 indicates Negative momentum. The RSI at 80.54 is Negative, neither overbought nor oversold. The STOCH value of 82.34 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
CIEN	71 Outperform	$12.53B	123.46	3.71%	―	2.86%	-29.92%
LITE	65 Neutral	$7.40B	―	-42.79%	―	3.58%	-22.74%
VSAT	64 Neutral	$2.23B	―	-12.00%	―	5.50%	48.79%
Sector *	62 Neutral	$34.80B	6.83	-10.78%	2.06%	6.36%	-8.52%
VIAV	58 Neutral	$2.18B	464.76	0.71%	―	3.34%	―
SATS	46 Neutral	$7.74B	―	-1.60%	―	-35.86%	85.81%
BOXL	39 Underperform	$5.20M	―	-97.40%	―	-29.78%	45.35%

ViaSat Corporate Events

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.

The most recent analyst rating on (VSAT) stock is a Buy with a $52.00 price target. To see the full list of analyst forecasts on ViaSat stock, see the VSAT Stock Forecast page.

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.

The most recent analyst rating on (VSAT) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on ViaSat stock, see the VSAT Stock Forecast page.

Viasat Expands Board with New Director Appointments

On May 9, 2025, James Bridenstine resigned from the Board of Directors of Viasat, Inc., with no disagreements cited. The company expressed gratitude for his service and adjusted its board structure accordingly. Concurrently, Viasat appointed William LaPlante and Michael Paull as new directors, expanding the board to eight members, six of whom are independent. Dr. LaPlante brings extensive experience in national security and technology, having served in various high-level defense and technology roles, while Mr. Paull has a strong background in media and technology, having held leadership positions at Disney and Amazon. These appointments are expected to enhance Viasat’s strategic capabilities and industry positioning.

The most recent analyst rating on (VSAT) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on ViaSat stock, see the VSAT Stock Forecast page.