Viasat Inc
viasat.comWhat Do They Do?
Provides satellite connectivity services and sells communications and cybersecurity equipment to commercial, government and military customers.
10-K for FY2026, filed May 29, 2026We are an innovative, global provider of communications technologies and services, focused on making connectivity accessible, available and…View ↗
Our communication services segment provides a wide range of broadband and narrowband communications solutions across government and…View ↗
Our defense and advanced technologies segment develops and offers a diverse array of resilient, vertically integrated solutions to…View ↗
Information security and cyber defense, which comprises a variety of high-quality networking, cybersecurity and information assurance…View ↗
How Do They Make Money?
Services generate 71% of revenue; customers typically pay in advance or monthly for connectivity, over the service term or based on usage. Products generate 29%; customers typically pay when equipment is delivered, while custom government contracts can be billed as work progresses or at milestones.
10-K for FY2026, filed May 29, 2026The timing of satisfaction of performance obligations may require judgment. The Company derives a substantial portion of its revenues from…View ↗
The Company also derives a portion of its revenues from contracts with customers to provide products. Performance obligations to provide…View ↗
The Company’s contracts with the U.S. Government typically are subject to the Federal Acquisition Regulation (FAR) and are priced based on…View ↗
Performance obligations related to developing and delivering complex equipment built to customer specifications under long-term contracts…View ↗
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10-K for FY2026, filed May 29, 2026
FY2026 revenue by product or service ↗
$4.6B
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10-K for FY2026, filed May 29, 2026
$4.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2026, filed May 29, 2026 |
29%
FY2023: 37%
|
Product, FY2026
$1.4B Sources
|
Sold outright |
|
Service
Recurring
10-K for FY2026, filed May 29, 2026 |
71%
FY2023: 63%
|
Service, FY2026
$3.3B Sources
|
Recurring |
Who Are Their Customers?
Airlines, business jet operators and maritime companies buy mobility connectivity; households and businesses buy fixed broadband, while government and military users buy communications and defense systems. Sales are direct or through resellers and partners, based on the offering.
10-K for FY2026, filed May 29, 2026Our customer base is highly diversified. Customers of our communication services segment reflect the diversity in our service offerings and…View ↗
Communication Services Sales Organization. Our communication services sales organization involves both direct and indirect channels and…View ↗
Defense and Advanced Technologies Sales Organization. Our defense and advanced technologies sales organization consists of direct sales…View ↗
Strategic Partners. To augment our direct sales efforts, we seek to develop key strategic relationships to market and sell our products and…View ↗
10-K for FY2026, filed May 29, 2026
Revenues from the U.S. Government as an individual customer comprised approximately 16%, 18% and 17% of total revenues for fiscal years…View ↗
Do Revenues Turn Into Profits?
No. It lost $34.1M in FY2026.
10-K for FY2026, filed May 29, 2026
How Are They Changing?
- Net income
-
Sources
10-Q for Q1 FY2027, filed Aug 6, 2026
−$51.7MView ↗
- ▼ −8% (Loss)
- vs −$56.4M in Q1 FY2026
10-Q for Q1 FY2027, filed Aug 6, 2026
Open tableView ↗
Growing. Revenue grew 92% in 4 years, from $2.4B in FY2022 to $4.6B in FY2026, about 18% a year.
Tactical data link sale
The older report included tactical data link solutions in government systems; the latest describes that business as sold, removing the offering from the portfolio.
10-K for FY2023, filed May 22, 2023 10-K for FY2026, filed May 29, 2026Diverse Portfolio of Market-Leading Defense and Government Offerings. We are a leading provider of innovative communications, cybersecurity…View ↗
Who Do They Compete With?
Competes with Amazon Leo, Anuvu, Gogo, Iridium, Panasonic Avionics, SES, SpaceX, Thales Group, KVH, Speedcast, Comtech, EchoStar, General Dynamics, Gilat, iDirect Technologies, L3Harris, Maxar, Newtec, Safran Aerosystems, and BAE Systems
10-K for FY2026, filed May 29, 2026In our communication service segment, our aviation service offerings compete against air-to-ground mobile services and other…View ↗
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