VSAT VIASAT INC

Overview and Growth

Fiscal 2026 results for VIASAT INC combined $4.64B of revenue with net loss of $34.09M and an operating cash inflow of $1.59B. Revenue of $4.64B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $4.52B in fiscal 2025, revenue recorded a 2.7% year-over-year increase. On a per-share basis, diluted EPS was -$0.25, which connects the reported earnings outcome with the company’s diluted share count. Diluted shares averaged 134.74M; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 4.9% higher than fiscal 2025, when diluted shares averaged 128.48M, adding context to the EPS comparison. The company employed $15.23B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.3x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The reported operating result was $108.12M, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 2.3%, showing how efficiently sales converted into operating profit. The bottom-line result was a net loss of $34.09M after operating, financing, tax, and other recognized items. Net margin was -0.7%, reflecting a loss equal to 0.7% of reported revenue. EBITDA was $1.15B, supplying an additional view of reported operating earnings before interest, taxes, depreciation, and amortization. Pretax income was $104.80M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 2.3%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $116.22M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 110.9%, quantifying the portion of pre-tax earnings paid in income tax. The loss-to-equity relationship was 0.7%, placing the bottom-line deficit against shareholder capital. The loss-to-assets relationship was 0.2%, placing the bottom-line deficit against the company’s resource base. The net loss narrowed to $34.09M from $574.96M in fiscal 2025.

Liquidity and Capital Structure

The company held $15.23B of assets against $10.50B of liabilities and $4.73B of equity, revealing how the asset base was financed. Current assets were $3.12B against $1.30B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 2.41x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $1.75B, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 134.7% of current liabilities, showing how much near-term coverage came from cash alone. Equity equaled 31.1% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 68.9%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 11.5%, comparing reported cash and equivalents with the full positive asset balance. Compared with $15.45B in fiscal 2025, the current asset base moved 1.4% and finished lower. Against $4.64B of equity in fiscal 2025, the current book-equity balance moved 1.8% and ended higher. Compared with $1.61B in fiscal 2025, the current cash balance moved 8.4% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was $1.59B, a reported cash inflow that can be compared directly with net income and capital spending. Compared with $908.19M in fiscal 2025, current operating cash flow of $1.59B was above the prior result.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Oct 21, 2026.