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Viasat Inc. (VSAT) Fundamental Analysis & AI Grade 2026

VSAT Nasdaq Communications Services, NEC DE CIK: 0000797721
Recently Updated • Analysis: May 30, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
87% Confidence
N/A
C
87% Conf
Pending
Analysis scheduled

📊 VSAT Key Takeaways

Revenue: $4.6B
Net Margin: -0.7%
Free Cash Flow: $849.2M
Current Ratio: 2.41x
Debt/Equity: 1.37x
EPS: $-0.25
AI Grade: C with 87% confidence
Viasat Inc. (VSAT) receives a C fundamental grade with 87% confidence from our AI analysis based on SEC 10-K filings. With revenue of $4.6B, net profit margin of -0.7%, and return on equity (ROE) of -0.7%, Viasat Inc. demonstrates mixed fundamentals in the Telecom sector. Below is our complete VSAT stock analysis for 2026.

Is Viasat Inc. (VSAT) a Good Investment?

Claude

ViaSat faces critical operational distress with negative net income (-$34.1M) and catastrophic interest coverage of 0.3x, indicating inability to service $6.4B debt from operating results. While positive free cash flow ($849.2M) and solid liquidity provide near-term runway, the widening profitability deterioration and 1.37x debt-to-equity leverage create unsustainable financial pressure requiring immediate operational restructuring or debt reduction.

Viasat Inc. Key Strengths (VSAT)

Claude
  • + Strong free cash flow generation of $849.2M (18.3% FCF margin) provides debt service and investment capacity
  • + Solid liquidity position with 2.41x current ratio and $1.7B cash reserves adequate for near-term obligations
  • + Positive operating cash flow of $1.6B demonstrates underlying business can generate cash despite GAAP losses

VSAT Stock Risks: Viasat Inc. Investment Risks

Claude
  • ! Interest coverage of 0.3x is critical—operating income cannot cover debt service, indicating potential covenant violations or imminent refinancing pressure
  • ! Net income deteriorated catastrophically (-968.2% YoY) to -$34.1M with only -0.7% net margin; unprofitable operations destroying shareholder value
  • ! High leverage (1.37x D/E, $6.4B LT debt) combined with thin 2.3% operating margin and negative returns (ROE -0.7%, ROA -0.2%) creates vulnerability to operational disruption

Key Metrics to Watch

Claude
  • * Interest coverage ratio—must improve above 1.0x to indicate sustainable debt service
  • * Quarterly net income trend—any return to profitability would signal operational turnaround; continued deterioration suggests restructuring risk
  • * Debt-to-equity ratio and refinancing activities—watch for debt restructuring announcements or covenant amendments indicating financial distress

Viasat Inc. (VSAT) Financial Metrics & Key Ratios

Revenue
$4.6B
Net Income
$-34.1M
EPS (Diluted)
$-0.25
Free Cash Flow
$849.2M
Total Assets
$15.2B
Cash Position
$1.7B

💡 AI Analyst Insight

Strong liquidity with a 2.41x current ratio provides a solid financial cushion.

VSAT Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 2.3%
Net Margin -0.7%
ROE -0.7%
ROA -0.2%
FCF Margin 18.3%

VSAT vs Telecom Sector: How Viasat Inc. Compares

How Viasat Inc. compares to Telecom sector averages

Net Margin
VSAT -0.7%
vs
Sector Avg 14.0%
VSAT Sector
ROE
VSAT -0.7%
vs
Sector Avg 15.0%
VSAT Sector
Current Ratio
VSAT 2.4x
vs
Sector Avg 1.0x
VSAT Sector
Debt/Equity
VSAT 1.4x
vs
Sector Avg 1.2x
VSAT Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Viasat Inc. Stock Overvalued? VSAT Valuation Analysis 2026

Based on fundamental analysis, Viasat Inc. shows some fundamental concerns relative to the Telecom sector in 2026.

Return on Equity
-0.7%
Sector avg: 15%
Net Profit Margin
-0.7%
Sector avg: 14%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.37x
Sector avg: 1.2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Viasat Inc. Balance Sheet: VSAT Debt, Cash & Liquidity

Current Ratio
2.41x
Quick Ratio
2.19x
Debt/Equity
1.37x
Debt/Assets
68.9%
Interest Coverage
0.30x
Long-term Debt
$6.4B

VSAT Revenue & Earnings Growth: 5-Year Financial Trend

VSAT 5-year financial data: Year 2022: Revenue $2.8B, Net Income N/A, EPS $0.00. Year 2023: Revenue $2.6B, Net Income $3.7M, EPS $0.06. Year 2024: Revenue $4.3B, Net Income -$15.5M, EPS $-0.21. Year 2025: Revenue $4.5B, Net Income $1.1B, EPS $14.29. Year 2026: Revenue $4.6B, Net Income -$1.1B, EPS $-9.12.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Viasat Inc.'s revenue has grown significantly by 66% over the 5-year period, indicating strong business expansion. The most recent EPS of $-9.12 indicates the company is currently unprofitable.

VSAT Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
18.3%
Free cash flow / Revenue

VSAT Quarterly Earnings & Performance

Quarterly financial performance data for Viasat Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2026 $1.1B $25.0M $0.18
Q2 2026 $1.1B -$61.4M $-0.45
Q1 2026 $1.1B -$32.9M $-0.26
Q3 2025 $1.1B -$124.4M $-0.99
Q2 2025 $1.1B -$137.6M $-1.07
Q1 2025 $779.8M -$32.9M $-0.26
Q3 2024 $651.4M -$42.2M $-0.55
Q2 2024 $663.6M -$48.2M $-0.64

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Viasat Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$1.6B
Cash generated from operations
Stock Buybacks
$7.9M
Shares repurchased (TTM)
Capital Expenditures
$740.7M
Investment in assets
Dividends
None
No dividend program

VSAT SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Viasat Inc. (CIK: 0000797721)

📋 Recent SEC Filings

Date Form Document Action
May 29, 2026 10-K vsat-20260331.htm View →
May 28, 2026 8-K d133220d8k.htm View →
May 12, 2026 4 xslF345X06/ownership.xml View →
May 12, 2026 4 xslF345X06/ownership.xml View →
May 12, 2026 4 xslF345X06/ownership.xml View →

Frequently Asked Questions about VSAT

What is the AI rating for VSAT?

Viasat Inc. (VSAT) has an AI grade of C with 87% confidence, based on fundamental analysis of SEC EDGAR filings.

What are VSAT's key strengths?

Claude: Strong free cash flow generation of $849.2M (18.3% FCF margin) provides debt service and investment capacity. Solid liquidity position with 2.41x current ratio and $1.7B cash reserves adequate for near-term obligations.

What are the risks of investing in VSAT?

Claude: Interest coverage of 0.3x is critical—operating income cannot cover debt service, indicating potential covenant violations or imminent refinancing pressure. Net income deteriorated catastrophically (-968.2% YoY) to -$34.1M with only -0.7% net margin; unprofitable operations destroying shareholder value.

What is VSAT's revenue and growth?

Viasat Inc. reported revenue of $4.6B.

Does VSAT pay dividends?

Viasat Inc. does not currently pay dividends.

Where can I find VSAT SEC filings?

Official SEC filings for Viasat Inc. (CIK: 0000797721) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is VSAT's EPS?

Viasat Inc. has a diluted EPS of $-0.25.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is VSAT's fundamental grade?

Based on our AI fundamental analysis in June 2026, Viasat Inc. has a C grade with 87% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is VSAT stock overvalued or undervalued?

Valuation metrics for VSAT: ROE of -0.7% (sector avg: 15%), net margin of -0.7% (sector avg: 14%). Compare these metrics with sector averages to assess valuation.

What is VSAT's AI grade for 2026?

Our dual AI analysis gives Viasat Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is VSAT's free cash flow?

Viasat Inc.'s operating cash flow is $1.6B, with capital expenditures of $740.7M. FCF margin is 18.3%.

How does VSAT compare to other Telecom stocks?

Vs Telecom sector averages: Net margin -0.7% (avg: 14%), ROE -0.7% (avg: 15%), current ratio 2.41 (avg: 1).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 30, 2026 | Data as of: 2026-03-31 | Powered by Claude AI