Viasat, Inc. Corporate Profile and Financial

Quick Facts / Company Snapshot

• Company Name: Viasat, Inc.
• Stock Ticker: VSAT (Nasdaq Global Select Market)
• Total Revenue (FY2025): $4.52 billion
• Record New Contract Awards (FY2025): $4.7 billion
• Adjusted EBITDA (FY2025): $1.5 billion
• Net Loss Attributable to Viasat (FY2025): $575.0 million
• Total Assets: $15.45 billion
• Cash and Cash Equivalents: $1.61 billion
• Total Debt: $7.2 billion
• Firm Backlog: $3.55 billion
• Communication Services Revenue: $3.30 billion
• Defense & Advanced Technologies Revenue: $1.22 billion
• Commercial Aircraft in Service: ~4,120
• Business Jets in Service: ~2,000
• Satellite Fleet: 23 in-service or operational satellites
• Key Acquisition: Inmarsat (Completed May 2023)
• Headquarters Location: Carlsbad, California, USA
• Chairman & CEO: Mark Dankberg

Company Overview

Viasat, Inc. is a global communications company that believes everything and everyone can be connected. For 40 years, the company has focused on technology innovation and growth to shape how consumers, businesses, governments, and militaries around the world communicate.

The company is a leading provider of satellite and wireless communications, focused on making connectivity accessible, available, and secure. By leveraging an extensive satellite fleet, ground infrastructure, and user terminals, Viasat provides cost-effective, high-quality broadband and narrowband solutions.

• Viasat operates a complementary fleet of 23 satellites spanning Ka-, L-, and S-bands.
• The company achieved record revenue of $4.5 billion in Fiscal Year 2025.

Viasat’s vertical integration strategy allows it to design, develop, and produce space system solutions across multiple orbital regimes, including geostationary earth orbit (GEO), medium earth orbit (MEO), and low earth orbit (LEO). This capability supports a diverse portfolio of services ranging from high-speed internet for aviation and maritime to secure communications for defense and government operations.

The company creates value by cross-deploying technologies between government and commercial applications. With a newly expanded scope following the Inmarsat acquisition, Viasat is positioned to provide advanced services in mobile and fixed segments, including the Internet of Things (IoT).

Business Segments

Viasat reports its financial results through two primary operating segments: Communication Services and Defense and Advanced Technologies. The following breakdown reflects the performance for the fiscal year ended March 31, 2025.

Communication Services

Revenue: $3,298.5 million Percentage of Total Revenue: 73.0%

The Communication Services segment is the largest revenue generator for Viasat. It provides a wide range of broadband and narrowband communications solutions across commercial mobility, government mobility, and fixed broadband markets.

This segment includes the development and sale of advanced satellite and wireless products and terminals that enable fixed and mobile services. It integrates the assets and results of operations from the Inmarsat acquisition, which significantly expanded the segment’s scale and capabilities.

Key Offerings within Communication Services:

• Aviation: In-flight connectivity (IFC) and narrowband safety services for commercial and business aircraft.
• Government Satcom: Broadband and narrowband services for military and government users, including mobile and fixed communications.
• Maritime: Resilient satellite-based broadband and narrowband services for commercial shipping, offshore vessels, and fishing fleets.
• Fixed Services: High-speed internet for residential and enterprise users, primarily in the U.S., Europe, and Latin America.

Defense and Advanced Technologies

Revenue: $1,221.1 million Percentage of Total Revenue: 27.0%

The Defense and Advanced Technologies segment focuses on resilient, vertically integrated solutions for government and commercial customers. This segment leverages core technical competencies in encryption, cybersecurity, tactical gateways, modems, and waveforms.

Revenues in this segment are derived from products and services that ensure secure communication and information assurance. The segment operates in a more regulated government environment and involves unique contractual requirements compared to commercial services.

Key Offerings within Defense and Advanced Technologies:

• Information Security and Cyber Defense: High-speed IP-based encryption solutions (Type 1 and HAIPE-compliant) to protect data integrity.
• Space and Mission Systems: Design and technology services for satellite communication architectures, payloads, antennas, and ground terminals.
• Tactical Networking: Resilient communications for on-the-move operations, including products from the majority-owned subsidiary TrellisWare.
• Advanced Technologies: Development of commercial satellite products, sovereign multi-orbit solutions, and direct-to-device markets.

History and Evolution

Viasat entered its 40th year of operation in Fiscal Year 2025. Throughout its four-decade history, the company has navigated enormous changes in core satellite markets, consistently emerging with stronger competitive positions.

A key pillar of Viasat’s history is its focus on competing effectively in the present while investing in future technologies. The company has evolved from a technology innovator to a global communications service provider holding leading market positions in commercial and government satellite mobility.

• May 2023: Completed the acquisition of Inmarsat, a private company limited by shares, for approximately $550.7 million in cash and 46.36 million shares of common stock.
• January 2023: Completed the sale of the Link-16 Tactical Data Links Business to L3Harris Technologies, Inc. for approximately $1.96 billion.
• April 2023: Launched the first third-generation ViaSat-3 class satellite (ViaSat-3 F1).
• Fiscal Year 2025: Achieved record revenue and record Adjusted EBITDA, marking a significant milestone in the company’s financial history.

The company’s evolution is characterized by strategic divestitures and acquisitions to optimize its portfolio. The recent Inmarsat acquisition added significant scale, creating a combined company with a complementary fleet of multi-band satellites and a global ground infrastructure.

Products and Services

Viasat offers a comprehensive portfolio of connectivity products and services. These are categorized principally by their end markets and technical applications.

Aviation Services

Revenue: $1,048.2 million Percentage of Total Revenue: 23.2%

Viasat provides industry-leading in-flight connectivity (IFC) services. This includes broadband internet for passengers and crew, as well as narrowband safety operational data services.

• The company supports over 6,000 commercial aircraft and business jets in service.
• IFC systems are installed on approximately 4,120 commercial aircraft.

The service allows airlines to offer high-speed internet, enabling passengers to stream video and browse the web. Airline feedback on the ViaSat-3 experience has been positive, with satisfaction scores comparable to LEO services on similar routes.

Government Satcom Services

Revenue: $754.6 million Percentage of Total Revenue: 16.7%

This service line provides secure, high-speed, real-time broadband and multimedia connectivity to military and government users. It covers key regions globally and supports tactical line-of-sight and beyond-line-of-sight communications.

It includes Intelligence, Surveillance, and Reconnaissance (ISR) services and L-band Advanced Communications Element terminals. These services are critical for situational awareness and command and control operations.

Fixed Services and Other

Revenue: $741.6 million Percentage of Total Revenue: 16.4%

Viasat delivers high-speed fixed broadband internet to residential and business subscribers, primarily in the United States. This category also includes enterprise connectivity solutions and energy services.

• Includes prepaid internet services for communities with little or no access.
• Supports Internet-of-Things (IoT) and L-band managed services for asset tracking.

The company uses resources from satellites like VS-3 F2 to stabilize and support the U.S. fixed broadband business, allocating bandwidth to maximize return on invested capital.

Maritime Services

Revenue: $478.0 million Percentage of Total Revenue: 10.6%

Maritime services provide resilient broadband and narrowband connectivity to commercial shipping fleets, offshore vessels, and fishing companies.

• NexusWave: A newly launched multi-orbit maritime connectivity platform.
• Includes safety of communication capabilities essential for maritime operations.

NexusWave integrates GEO, LEO, and L-band satellites with shore-based wireless into a seamless managed network. It secured over 1,000 vessels under contract before the end of the first quarter of FY2026.

Defense Products (Information Security, Space & Mission Systems, Tactical Networking)

Revenue: $1,017.7 million Percentage of Total Revenue: 22.5%

This aggregated category represents the product revenue portion of the Defense and Advanced Technologies segment. It includes the sale of hardware and software solutions such as:

• Encryption Products: Protecting data for military and government clients.
• Tactical Terminals: TrellisWare radios and networking solutions for battlefield communications.
• Satellite Components: Antennas, modems, and payloads designed for space and ground systems.

Commercial Mobility Products

Revenue: $276.1 million Percentage of Total Revenue: 6.1%

These revenues are derived from the sale of advanced satellite and wireless terminals that enable the provision of mobile broadband services, particularly in the aviation market. This includes the equipment installed on aircraft to facilitate in-flight connectivity.

Brand Portfolio

Viasat manages a portfolio of strong brands and specialized subsidiaries that serve distinct market needs.

Viasat

Revenue: (Consolidated Brand) Percentage of Total Revenue: Dominant Share

The core Viasat brand represents the primary identity of the company, covering consumer internet, commercial aviation connectivity, and government systems. It is synonymous with high-capacity Ka-band satellite technology and innovation in space-based communications.

Inmarsat

Revenue: (Integrated into Communication Services) Percentage of Total Revenue: Significant Contributor

Acquired in FY2024, Inmarsat is a powerhouse in global mobile satellite communications, particularly in maritime and aviation safety services. Its L-band assets provide highly resilient, weather-agnostic connectivity.

• Inmarsat contributed approximately $329.6 million to the year-over-year revenue increase in the Communication Services segment for FY2025.
• Known for the Global Xpress (Ka-band) and ELERA (L-band) networks.

TrellisWare Technologies

Revenue: (Consolidated within Defense Segment) Percentage of Total Revenue: Minority Share

TrellisWare is a majority-owned subsidiary that specializes in tactical networking solutions. It provides resilient communications for operations in multi-domain battlespaces.

• Key Product: TSM waveform and tactical radios.
• Performance: Tactical networking products saw a revenue increase of $117.5 million in FY2025, driven largely by licensing agreements.

NexusWave

Revenue: (Emerging Platform) Percentage of Total Revenue: Growing

NexusWave is Viasat’s new fully managed multi-layer connectivity service for the maritime industry. It serves as a sub-brand representing the future of multi-orbit integration, combining LEO, GEO, and L-band networks for shipping companies.

Geographical Presence

Viasat operates on a global scale, serving customers on the ground, in the air, and at sea. The company distinguishes revenues based on customer location.

United States

Revenue: $3,117.2 million Percentage of Total Revenue: 69.0%

The United States remains Viasat’s largest market. It hosts the company’s corporate headquarters in Carlsbad, California, and significant manufacturing and engineering operations.

• Operations: Includes the core fixed broadband business, government defense contracts, and a large portion of the aviation customer base.
• Properties: The company owns and leases expansive office and factory facilities across the country to support its vertically integrated business model.

International (Non-U.S.)

Revenue: $1,402.3 million Percentage of Total Revenue: 31.0%

International revenue is derived from customers outside the United States. No single foreign country is individually significant enough to be disclosed separately in the primary revenue tables.

• United Kingdom: A major hub following the Inmarsat acquisition. Long-lived assets located in the U.K. were valued at $1.2 billion as of March 31, 2025.
• Global Assets: The net book value of long-lived assets located outside the U.S. was approximately $1.7 billion.

The company maintains offices and ground network infrastructure globally to support its satellite fleet and provide coverage over high-demand regions and oceanic routes.

Financial Performance Analysis

Fiscal Year 2025 was a year of record financial performance for Viasat, driven by the full-year contribution of the Inmarsat acquisition and growth in key segments.

Consolidated Performance Trends:

• Revenue Growth: Total revenue increased by 6% to $4.5 billion in FY2025 from $4.3 billion in FY2024.
• Product vs. Service Mix: Service revenues dominate the mix, accounting for 71% of total revenue ($3.23 billion), while product revenues account for 29% ($1.29 billion).
• Net Loss: The company reported a net loss attributable to Viasat, Inc. of $575.0 million, an improvement compared to the $1.07 billion loss in FY2024.
• Adjusted EBITDA: Achieved a record $1.5 billion.

The financial results reflect a strategic focus on increasing return on invested capital (ROIC) and decreasing capital intensity.

Profit and Loss Analysis

Revenue

Total revenue for the fiscal year ended March 31, 2025, was $4,519.6 million. This represents an increase of $235.8 million compared to the prior year. The growth was primarily driven by a $221.2 million increase in service revenues, particularly within the Communication Services segment.

Operating Expenses

• Cost of Service Revenues: $2,091.7 million (46% of total revenue). This increased by $163.0 million due to higher service volumes.
• Cost of Product Revenues: $937.9 million (21% of total revenue). This decreased by $35.5 million, reflecting higher margins in defense products.
• Selling, General and Administrative (SG&A): $1,181.1 million (26% of total revenue). SG&A decreased significantly from $1.89 billion in FY2024, primarily because the prior year included a $905.5 million satellite impairment charge.
• Independent Research and Development (IR&D): $142.4 million (3% of total revenue). Spending on IR&D decreased by $8.3 million.
• Amortization of Acquired Intangible Assets: $263.9 million. This increased due to a full year of amortization related to the Inmarsat acquisition.

Operating Income/Loss

Viasat reported a Loss from Operations of $97.5 million for FY2025. This is a substantial improvement from the operating loss of $889.8 million in FY2024.

Net Income/Loss

The Net Loss Attributable to Viasat, Inc. was $575.0 million.

• The loss was impacted by interest expenses of $422.0 million and a loss on extinguishment of debt of $99.8 million.
• An income tax benefit of $0.9 million was recorded, offset by valuation allowances against deferred tax assets.

Balance Sheet Analysis

Viasat’s balance sheet reflects the integration of massive assets from recent acquisitions and a capital-intensive satellite fleet.

Assets

• Total Assets: $15.45 billion.
• Cash and Cash Equivalents: $1.61 billion.
• Property, Equipment, and Satellites, Net: $7.41 billion. This includes $3.4 billion in satellites and $2.2 billion in satellites under construction.
• Goodwill: $1.62 billion.
• Intangible Assets: $2.27 billion, largely from customer relationships, orbital slots, and spectrum assets.

Liabilities

• Total Liabilities: $10.80 billion.
• Senior Notes: $3.65 billion (Long-term portion).
• Other Long-Term Debt: $2.88 billion.
• Current Portion of Long-Term Debt: $503.8 million.

Equity

• Total Stockholders’ Equity: $4.55 billion.
• Noncontrolling Interest: $90.7 million.

Liquidity and Capital Resources

Viasat maintains a strong liquidity position with $1.6 billion in cash and cash equivalents. The company also has borrowing availability under its revolving credit facilities.

• Working Capital: $1.2 billion.
• Liquidity Strategy: The company targets sustained positive Free Cash Flow by the end of FY2026.

Cash Flow Analysis

Operating Cash Flow

Net Cash Provided by Operating Activities: $908.2 million. This represents a $220.0 million increase year-over-year. The improvement was driven by a decrease in cash used to fund net operating assets and timing of payments related to tax and liabilities.

Investing Cash Flow

Net Cash Used in Investing Activities: $758.4 million.

• Capital Expenditures: $1.03 billion used for property, equipment, and satellites.
• Insurance Proceeds: $251.5 million received from satellite insurance claims.
• Investing cash outflows decreased significantly compared to FY2024 ($1.29 billion), reflecting efforts to optimize capital spending.

Financing Cash Flow

Net Cash Used in Financing Activities: $442.6 million.

• Debt Repayments: $2.39 billion.
• Debt Borrowings: $1.98 billion.
• The activity primarily related to the refinancing of Inmarsat notes and other debt management actions.

Free Cash Flow

Viasat achieved positive Free Cash Flow (FCF) in two quarters during FY2025.

• Target: Sustained and growing positive FCF by the end of FY2026.
• Trend: Capital intensity is decreasing as new satellites complete construction.

Board of Directors and Leadership Team

Viasat is led by a team of experienced executives and overseen by a diverse Board of Directors.

Board of Directors

• Mark Dankberg: Chairman of the Board, Chief Executive Officer, and Co-founder. He guides the company’s technology innovation and strategic vision.
• Richard Baldridge: Director and former Vice Chairman.
• Bill LaPlante: Independent Director (Added Q1 FY2026).
• Sean Pak: Lead Independent Director and Partner at Quinn Emanuel Urquhart & Sullivan LLP.
• Michael Paull: Independent Director and Chief Executive Officer, RBmedia (Added Q1 FY2026).
• John Stenbit: Independent Director and Private Consultant.
• Theresa Wise: Independent Director and Chief Executive Officer, Utaza, LLC.

Executive Officers

• Mark Dankberg: Chairman and CEO.
• Robert Blair: Senior Vice President, General Counsel, and Secretary.
• Girish Chandran: Corporate Chief Technical Officer and President, Engineering.
• Gary Chase: Senior Vice President and Chief Financial Officer (Joined mid-FY2025).
• James Dodd: Senior Vice President and President, Commercial Services.
• Shawn Duffy: Senior Vice President and Chief Accounting Officer.
• Craig Miller: Senior Vice President and President, Government.
• Ben Palmer: President, Maritime.

Subsidiaries, Associates, Joint Ventures

Viasat manages several entities that contribute to its diverse operational capabilities.

Inmarsat

Ownership: Wholly Owned Contribution: Significant Revenue and Asset Base Inmarsat was acquired in May 2023. It operates as a key component of the Communication Services segment, bringing a fleet of L-band and Ka-band satellites and a massive global customer base in maritime and aviation.

TrellisWare Technologies, Inc.

Ownership: Majority-Owned (>60%) Contribution: Defense Technology Leadership TrellisWare is a consolidated subsidiary that develops advanced tactical networking solutions. Viasat’s ownership increased to slightly over 60% following a share repurchase in August 2022. It is a primary driver of the Tactical Networking product line within the Defense segment.

Euro Broadband Infrastructure Sàrl (EBI)

Ownership: Wholly Owned Contribution: European Broadband Viasat acquired the remaining 51% interest in EBI in April 2021, fully integrating its European broadband infrastructure operations.

Navarino UK and JSAT Mobile

Relationship: Equity Method Investments / Related Parties Viasat engages in transactions with these entities.

• Revenue from Navarino UK and JSAT Mobile: $65.7 million in FY2025.
• Cash Received: $68.8 million in FY2025.

Physical Properties

Viasat’s physical assets are extensive, ranging from space-based infrastructure to terrestrial facilities.

Satellite Fleet

The company operates 23 satellites spanning Ka-, L-, and S-bands.

• Ka-band: 13 satellites.
• L-band: 8 high-availability satellites.
• S-band: 1 satellite supporting the European Aviation Network.
• Hybrid: 1 I-6 class hybrid Ka-/L-band satellite.

Earth Stations and Ground Network

Viasat owns related earth stations and networking equipment globally to support its satellites. This infrastructure ensures command, control, and data traffic management.

Real Estate

• Headquarters: 6155 El Camino Real, Carlsbad, California.
• International Hubs: Significant assets and office presence in the United Kingdom (London) and other global locations.
• Manufacturing & Engineering: Facilities located across the United States to support product development and production.
• Leases: The company holds operating leases for office space, data centers, and satellite ground facilities with terms ranging up to 17 years.

Segment-wise Performance

Communication Services Performance

• Revenue Trend: Increased by $156.9 million (+5%) year-over-year.
• Drivers: Service revenue grew by $223.8 million, primarily due to the full-year contribution of Inmarsat. Aviation services also saw growth with increased aircraft in service.
• Profitability: Segment operating loss narrowed significantly to $50.2 million from a loss of $817.1 million in the prior year. The prior year included a massive $905.5 million satellite impairment charge.
• Product Revenue: Decreased by $66.9 million due to lower aviation product shipments compared to the prior year.

Defense and Advanced Technologies Performance

• Revenue Trend: Increased by $78.9 million (+7%) year-over-year.
• Drivers: Product revenue grew by $81.5 million, led by a $117.5 million surge in tactical networking products. Service revenue decreased slightly by $2.7 million.
• Profitability: Segment operating profit increased by 40% to $216.7 million. This was driven by higher margins in tactical networking products and a favorable mix of licensing revenue.

Founders

Mark Dankberg Mark Dankberg is a co-founder of Viasat and currently serves as the Chairman of the Board and Chief Executive Officer. He has been instrumental in the company’s 40-year history of technology innovation. His leadership philosophy focuses on competing effectively in the present while preparing for future business models. He is a central figure in the satellite industry, driving the evolution of high-capacity satellite technology.

Shareholding Pattern

Viasat’s common stock is widely held, with a mix of institutional investors, company leadership, and public shareholders.

• Shares Outstanding: 130,210,407 shares as of March 31, 2025.
• Employee Ownership: The company maintains an Employee Stock Purchase Plan (ESPP) and a 401(k) Profit Sharing Plan to align employee interests with stockholders.
• Holders of Record: Approximately 425 holders of record as of May 9, 2025, with a substantially greater number of beneficial holders in “street name.”
• Inmarsat Transaction: The acquisition involved the issuance of approximately 46.36 million shares, significantly expanding the shareholder base.

Parent

Viasat, Inc. is the ultimate parent company and registrant. It does not have a parent company. It has numerous direct and indirect subsidiaries, including Inmarsat and TrellisWare, through which it conducts its global operations.

Investments and Capital Expenditure Plans

Viasat is currently in a phase of optimizing its capital deployment to improve free cash flow and reduce leverage.

Capital Expenditures (Capex)

• FY2025 Capex: $1.0 billion.
• Trend: This represents a 33% decrease compared to FY2024.
• Plan: FY2026 capex may be slightly higher due to timing, but the company remains committed to meaningfully reducing aggregate capital expenditures as part of its integration strategy and as satellites under construction are completed.

Research and Development (R&D)

• FY2025 IR&D Spending: $142.4 million (3% of revenue).
• Focus: Investments support growth, new opportunities, and entry into new markets such as direct-to-device (D2D).
• Strategic Priorities: Next-generation consumer broadband, tactical satcom radios, and information assurance projects.

Satellite Roadmap

• ViaSat-3 Constellation: Aiming for launch and service initiation of satellites F2 and F3.
• Inmarsat-8: Development of three L-band GEO safety service satellites.
• GX Satellites: Development of three additional adaptive Ka-band GEO satellites (GX 7, 8, and 9).

Future Strategy

Viasat’s strategic roadmap for FY2026 and beyond focuses on capital efficiency, growth in core franchises, and innovation.

Strategic Goals:

1. Strengthen Capital Structure: Reduce net leverage through debt reduction and Adjusted EBITDA growth.
2. Reduce Capital Intensity: Improve asset utilization using AI-based demand forecasting and bandwidth management tools. Partner with other operators for shared multi-tenant infrastructure.
3. Grow Core Business Lines:
   • Aviation: Expand multi-orbit services and increase market share.
   • Maritime: Return to growth using the NexusWave platform.
   • Government: Continue growth in Defense and Advanced Technologies (DAT).
4. U.S. Fixed Broadband Stability: Use new bandwidth resources from VS-3 F2 to stabilize the business.
5. Innovation: Transition safety services to next-generation assets and modernize L-band capabilities for an autonomous, AI-driven future.

Key Strengths

• Record Financials: Achieved all-time high revenue of $4.5 billion and Adjusted EBITDA of $1.5 billion in FY2025.
• Massive Backlog: A firm and funded backlog of $3.55 billion provides revenue visibility.
• Diverse Assets: A fleet of 23 multi-band satellites (Ka, L, S) offering near-global coverage.
• Vertical Integration: Ability to design satellites, ground systems, and user terminals, creating cost and performance advantages.
• Strong Contract Awards: Record new awards of $4.7 billion in FY2025 demonstrate strong market demand.
• Market Leadership: Leading positions in aviation connectivity with ~4,120 commercial aircraft in service.

Key Challenges and Risks

• Satellite Anomalies: The company experienced significant anomalies with ViaSat-3 F1 (reflector deployment) and I-6 F2 (power subsystem) in FY2024, leading to impairments and capacity reductions.
• Debt Load: Total outstanding indebtedness stood at $7.2 billion as of March 31, 2025, requiring significant cash flow for servicing and deleveraging.
• Net Losses: The company reported a net loss of $575.0 million in FY2025 and has a history of net losses in recent years.
• Regulatory Environment: Operations are subject to complex regulations regarding spectrum availability, orbital locations, and government contracting rules.
• Supply Chain: Reliance on a global supply chain and limited suppliers for key components poses risks of bottlenecks and delays.
• Capacity Constraints: The company faces bandwidth constraints in certain markets pending the launch of new satellites.

Conclusion and Strategic Outlook

Viasat, Inc. stands at a pivotal moment in its 40-year history. Having successfully integrated Inmarsat and achieved record revenue in FY2025, the company is shifting its focus toward capital efficiency and positive free cash flow generation. The strategic pivot from a period of intense capital investment to one of asset optimization and debt reduction is central to its outlook for FY2026.

With a robust portfolio of multi-orbit assets, a leading position in the aviation and maritime mobility markets, and a resilient defense business, Viasat is well-positioned to capitalize on the growing global demand for connectivity. The upcoming launches of the remaining ViaSat-3 satellites and the rollout of the NexusWave platform are critical milestones that will likely determine the company’s growth trajectory in the near term. While challenges regarding debt leverage and satellite anomalies remain, the company’s clear roadmap for operational efficiency and backlog growth offers a pragmatic path forward for creating shareholder value.

Official Site: https://www.viasat.com

FAQ Section:

1. What was Viasat’s total revenue for Fiscal Year 2025? Viasat reported a record total revenue of $4.52 billion for the fiscal year ended March 31, 2025.
2. How many satellites does Viasat operate? As of FY2025, Viasat operates a complementary fleet of 23 in-service or operational satellites spanning Ka-, L-, and S-bands.
3. What is Viasat’s largest business segment? Communication Services is the largest segment, generating $3.30 billion, or approximately 73% of total revenue in FY2025.
4. Does Viasat own Inmarsat? Yes, Viasat completed the acquisition of Inmarsat in May 2023, and it is now a wholly-owned subsidiary contributing significantly to revenue.
5. Is Viasat profitable? Viasat reported a Net Loss Attributable to Viasat, Inc. of $575.0 million for FY2025, though it achieved a record Adjusted EBITDA of $1.5 billion.
6. What is Viasat’s backlog? As of March 31, 2025, Viasat’s firm and funded backlog stood at $3.55 billion.
7. How many aircraft use Viasat’s connectivity? Viasat’s in-flight connectivity (IFC) systems are installed and in service on approximately 4,120 commercial aircraft.
8. What is NexusWave? NexusWave is Viasat’s new multi-orbit maritime connectivity platform that integrates GEO, LEO, and L-band satellites for managed network reliability.

Content is based on publicly available corporate filings, regulatory disclosures, annual reports, 10-K filings, Investor Relations materials, and direct mail communication with the company.