ViaSat (VSAT) AI Stock Analysis

• Market Cap: $4.73B
• Dividend Yield: N/A
• Average Volume (3M): 2.04M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.84
• Revenue Growth: 1.23%
• EPS Growth: -31.80%
• Country: US
• Employees: 7,500
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -0.45
• Shares Outstanding: 135,263,960
• 10 Day Avg. Volume: 1,372,276
• 30 Day Avg. Volume: 2,040,332
• 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: 2.08
• Enterprise Value/Revenue: 2.15
• Enterprise Value/Gross Profit: 6.48
• Enterprise Value/Ebitda: 7.18
• 1Y Price Target: $40.33
• Price Target Upside: 15.36% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): -1.95
• Revenue Forecast (FY): $4.67B

• Rating: 56 Neutral
• Price Target: $36.00 ▲(2.97% Upside)

ViaSat's overall score reflects strong revenue growth and cash flow improvements, tempered by profitability challenges and high leverage. Technical indicators suggest a neutral market stance, while valuation remains a concern due to negative earnings. The earnings call provided some positive insights, but operational challenges persist.

Positive Factors

Revenue Growth

Sustained revenue growth in key segments like Defense and Advanced Technologies indicates robust demand and strengthens market position.

Free Cash Flow Generation

Positive free cash flow generation enhances financial flexibility, enabling strategic investments and debt reduction.

Progress on ViaSat-3

Advancements in the ViaSat-3 project bolster long-term growth prospects by expanding capacity and service capabilities.

Negative Factors

Net Loss Increase

Rising net losses highlight ongoing profitability challenges, potentially impacting long-term financial health and investor confidence.

Pressure in Fixed Broadband

Declining fixed broadband revenue suggests competitive pressures and market challenges, affecting overall revenue stability.

High Leverage

High leverage can constrain financial flexibility and increase risk, necessitating careful debt management to ensure stability.

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 broadband services to residential and commercial customers. The company's consumer segment offers satellite internet services, which are billed through monthly subscriptions. Its enterprise segment provides customized networking solutions for businesses, including secure data transmission and connectivity services. Additionally, ViaSat earns revenue from government contracts, supplying secure communication systems for military and defense applications. Strategic partnerships with satellite operators and telecommunications companies also contribute to its earnings, enabling ViaSat to expand its service offerings and reach a broader customer base.

ViaSat Financial Statement Overview

Summary

ViaSat shows strong revenue growth and improving cash flow metrics, but faces challenges with profitability and high leverage. The company needs to enhance its profit margins and manage debt levels for long-term stability.

Income Statement

ViaSat's income statement shows a mixed performance. The TTM data indicates a significant revenue growth rate of 40.8%, which is a positive sign. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin has improved over time, but the persistent negative net income is a concern.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio has improved in the TTM period, indicating better leverage management. However, the return on equity remains negative, highlighting ongoing profitability challenges. The equity ratio suggests a stable asset base, but the high debt levels pose a risk.

Cash Flow

Cash flow analysis shows a strong recovery in free cash flow growth, with a significant increase in the TTM period. The operating cash flow to net income ratio is healthy, indicating good cash generation relative to earnings. However, the free cash flow to net income ratio remains low, suggesting limited free cash flow relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.58B	4.52B	4.28B	2.56B	2.42B	1.92B
Gross Profit	1.52B	1.49B	1.38B	721.40M	705.90M	565.19M
EBITDA	1.37B	1.24B	363.98M	397.12M	403.70M	294.95M
Net Income	-522.34M	-574.96M	-1.07B	1.08B	-15.53M	3.69M
Balance Sheet
Total Assets	14.76B	15.45B	16.33B	7.73B	6.39B	5.35B
Cash, Cash Equivalents and Short-Term Investments	1.23B	1.61B	1.90B	1.35B	310.46M	295.95M
Total Debt	7.08B	7.52B	7.64B	2.78B	2.85B	2.20B
Total Liabilities	10.18B	10.80B	11.26B	3.87B	3.71B	2.96B
Stockholders Equity	4.52B	4.55B	5.03B	3.82B	2.63B	2.35B
Cash Flow
Free Cash Flow	146.54M	-122.00M	-851.19M	-796.46M	-484.67M	-158.06M
Operating Cash Flow	1.06B	908.19M	688.20M	367.86M	505.64M	727.22M
Investing Cash Flow	-815.68M	-758.36M	-1.29B	768.04M	-1.13B	-885.27M
Financing Cash Flow	-2.55B	-442.59M	1.12B	-66.13M	643.63M	149.69M

ViaSat Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 34.96 is above the 20-day moving average (MA) of 34.49, above the 50-day MA of 34.92, and above the 200-day MA of 20.40, indicating a bullish trend. The MACD of -0.34 indicates Negative momentum. The RSI at 51.28 is Neutral, neither overbought nor oversold. The STOCH value of 81.14 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	70 Outperform	$801.90M	31.82	6.95%	―	29.67%	41.90%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LITE	61 Neutral	$23.50B	221.55	13.42%	―	33.62%	―
COMM	60 Neutral	$4.25B	-152.75	―	―	9.86%	99.11%
VSAT	56 Neutral	$4.73B	―	-11.04%	―	1.23%	-31.80%
SATS	54 Neutral	$23.61B	―	-98.16%	―	-44.95%	-430.47%
ASTS	54 Neutral	$27.16B	―	-39.22%	―	641.24%	41.70%

ViaSat Corporate Events

Viasat Appoints Barbara Frenkel to Board of Directors

On November 17, 2025, Viasat, Inc. appointed Barbara Frenkel as a Class I director, expanding the Board to eight members, six of whom are independent. Ms. Frenkel brings extensive experience from her tenure at Porsche AG, where she held various executive roles, including on the Executive Board for Procurement. Her appointment is expected to enhance Viasat’s strategic direction and governance.