Viasat, Inc. (VSAT) Income Statement
VSAT FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsVSAT revenue and net income
Where VSAT's revenue goes
FY2026Each bar shows an amount and its share of revenue. VSAT kept −0.7% of revenue as net income.
VSAT profit margins
VSAT growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.7% | +22.0% | +19.3% | +12.6% |
| Gross profit | −14.6% | +20.8% | +17.6% | +11.4% |
| Operating income | — | — | — | +10.2% |
| Net income | — | — | — | — |
| EPS (diluted) | +443.8% | +343.1% | −6.4% | −3.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VSAT quarterly EPS vs estimates
Viasat beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 6, 2026 (estimate $-0.17).
VSAT income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.64B | $4.52B | $4.28B | $2.56B | $2.42B | $1.92B | $2.31B | $2.07B | $1.59B | $1.56B |
| Cost of revenue | $3.37B | $3.03B | $2.90B | $1.83B | $1.71B | $1.36B | $1.61B | $1.54B | $1.12B | $1.05B |
| Gross profit | $1.27B | $1.49B | $1.38B | $721.4M | $705.9M | $565.2M | $699.6M | $530.5M | $473.8M | $510.4M |
| Research & development | $164.9M | $142.4M | $150.7M | $183.3M | $206.0M | $164.7M | $183.4M | $123.0M | $168.3M | $129.6M |
| Sales, general & admin | $999.5M | $1.01B | $1.74B | $659.1M | $607.3M | $485.2M | $497.3M | $458.5M | $385.4M | $333.5M |
| Total operating expenses | $1.16B | $1.59B | $2.27B | $877.4M | $819.0M | $611.1M | $661.1M | $591.2M | $566.0M | $473.9M |
| Operating income | $108.1M | −$97.5M | −$889.8M | −$156.0M | −$113.1M | −$46.0M | $38.4M | −$60.6M | −$92.2M | $36.5M |
| Interest income | $205.8M | $83.9M | $96.3M | $19.5M | $504,000 | $440,000 | $1.6M | $149,000 | $960,000 | $1.0M |
| Interest expense | $360.2M | $421.9M | $400.4M | $26.8M | $29.4M | $32.7M | $38.6M | $50.0M | $4.0M | $12.1M |
| Income before taxes | $120.1M | −$532.1M | −$1.19B | −$162.2M | −$138.2M | −$77.6M | $21.7M | −$110.5M | −$105.5M | $25.4M |
| Income taxes | $116.2M | −$941,000 | −$139.5M | $49.4M | −$36.5M | −$11.2M | $7.9M | −$41.0M | −$35.2M | $3.6M |
| Net income | −$34.1M | −$575.0M | −$1.07B | $1.08B | −$15.5M | $3.7M | −$212,000 | −$67.6M | −$67.3M | $23.8M |
| EBITDA | $1.84B | $1.24B | $364.0M | $397.1M | $403.7M | $294.9M | $327.6M | $258.1M | $154.2M | $283.4M |
| EPS (diluted) | $0.87 | $0.16 | $0.36 | $0.01 | $0.59 | $1.21 | $1.14 | −$1.07 | $0.04 | $1.24 |
| Gross margin | 27.4% | 33.0% | 32.3% | 28.2% | 29.2% | 29.4% | 30.3% | 25.7% | 29.7% | 32.7% |
| Operating margin | 2.3% | −2.2% | −20.8% | −6.1% | −4.7% | −2.4% | 1.7% | −2.9% | −5.8% | 2.3% |
| Net margin | −0.7% | −12.7% | −25.0% | 42.4% | −0.6% | 0.2% | −0.0% | −3.3% | −4.2% | 1.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.16B | $1.17B | $1.16B | $1.14B | $1.17B | $1.15B | $1.12B | $1.12B | $1.13B | $1.15B | $1.13B | $1.23B |
| Cost of revenue | $743.7M | $876.2M | $843.1M | $756.0M | $761.6M | $781.8M | $761.9M | $775.1M | $710.8M | $823.6M | $767.3M | $766.3M |
| Gross profit | $412.8M | $295.1M | $313.9M | $384.9M | $409.4M | $365.3M | $361.8M | $347.2M | $415.6M | $326.4M | $361.3M | $459.1M |
| Research & development | $45.5M | $41.5M | $46.9M | $42.3M | $34.2M | $45.3M | $36.7M | $33.4M | $38.6M | $46.5M | $41.7M | $33.4M |
| Sales, general & admin | $255.0M | $254.2M | $240.7M | $241.8M | $262.8M | $250.1M | $238.0M | $272.4M | $251.1M | $253.3M | $271.7M | $1.15B |
| Total operating expenses | $365.5M | $295.7M | $287.6M | $349.1M | $362.8M | $519.1M | $340.6M | $371.9M | $355.9M | $326.1M | $405.2M | $1.26B |
| Operating income | $47.3M | −$624,000 | $26.3M | $35.8M | $46.7M | −$153.8M | $21.2M | −$24.7M | $59.7M | $295,000 | −$43.9M | −$804.7M |
| Interest income | $15.4M | $13.4M | $165.6M | $12.5M | $14.3M | $19.5M | $17.7M | $23.9M | $22.8M | $23.7M | $20.9M | $32.5M |
| Interest expense | $82.3M | $78.9M | $87.5M | $81.0M | $100.4M | $106.4M | $94.5M | $115.3M | $105.8M | $124.8M | $133.5M | $86.2M |
| Income before taxes | −$19.9M | $106.1M | $96.2M | −$41.0M | −$41.1M | −$237.0M | −$158.7M | −$115.9M | −$20.5M | −$96.9M | −$153.8M | −$858.8M |
| Income taxes | $22.9M | $40.1M | $58.7M | $10.9M | $6.6M | $3.8M | −$11.8M | $5.9M | $1.2M | −$11.4M | −$34.5M | −$93.1M |
| Net income | −$51.7M | $58.8M | $25.0M | −$61.4M | −$56.4M | −$246.1M | −$158.4M | −$137.6M | −$32.9M | −$100.3M | −$124.4M | −$767.2M |
| EBITDA | $376.4M | $532.3M | $520.2M | $364.2M | $397.2M | $341.2M | $270.1M | $350.7M | $413.7M | $336.5M | $313.6M | −$438.4M |
| EPS (diluted) | $0.03 | −$0.18 | $0.79 | $0.09 | $0.17 | −$0.02 | $0.11 | −$0.23 | $0.30 | −$0.24 | $0.24 | $1.19 |
| Gross margin | 35.7% | 25.2% | 27.1% | 33.7% | 35.0% | 31.8% | 32.2% | 30.9% | 36.9% | 28.4% | 32.0% | 37.5% |
| Operating margin | 4.1% | −0.1% | 2.3% | 3.1% | 4.0% | −13.4% | 1.9% | −2.2% | 5.3% | 0.0% | −3.9% | −65.7% |
| Net margin | −4.5% | 5.0% | 2.2% | −5.4% | −4.8% | −21.5% | −14.1% | −12.3% | −2.9% | −8.7% | −11.0% | −62.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VSAT's financial statements (latest annual report filed May 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VSAT financial results
In fiscal year 2026 (ended March 31, 2026), Viasat reported revenue of $4.6 billion, up 2.7% from the year before. It had a net loss of $34.1 million, a net profit margin of −0.7%. Diluted earnings per share came to $0.87. Over five years revenue grew at an average rate of 19.3% a year.
See the VSAT stock overview for the latest quote and news, or the VSAT chart for price history and technical indicators.
VSAT income statement FAQ
What is Viasat's annual revenue?
Viasat reported total revenue of $4.6 billion for fiscal year 2026, which ended on March 31, 2026. That was up 2.7% from $4.5 billion the previous year.
Is Viasat profitable?
No. Viasat reported a net loss of $34.1 million in fiscal 2026, a net profit margin of −0.7%; its operating margin was 2.3%.
What is Viasat's gross margin?
Viasat's gross margin was 27.4% in fiscal 2026: for every $100 of revenue, Viasat kept $27 after the direct cost of its products and services.
How much does Viasat spend on research and development?
Viasat spent $164.9 million on research and development in fiscal 2026, 3.6% of revenue.
How fast is Viasat growing?
Revenue grew 19.3% a year on average over the last five fiscal years, from $1.9 billion to $4.6 billion.
What are Viasat's earnings per share?
Viasat earned $0.87 per diluted share in fiscal 2026, compared with $0.16 a year earlier.
When will Viasat report its next earnings?
Viasat is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does Viasat's fiscal year end?
Viasat's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 29, 2026.