Viasat, Inc. (VSAT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Sales/Revenue | 1.17B | 1.16B | 1.14B | 1.17B | 1.15B | 1.12B | 1.12B | 1.13B | 1.15B | 1.13B | 1.23B | 779.79M | 666.1M | 651.44M | 663.56M | 575.06M | 606.75M | 625.27M | 609.16M | 570.78M |
| Revenue Growth % | 2.11% | 2.96% | 1.66% | 3.96% | -0.25% | -0.42% | -8.42% | 44.46% | 72.65% | 73.24% | 84.67% | 35.6% | 9.78% | 4.19% | 8.93% | 0.75% | 1.84% | 8.64% | 9.9% | 7.6% |
| Cost of Goods Sold | 876.24M | 843.11M | 756M | 761.62M | 781.78M | 761.95M | 775.08M | 710.83M | 823.62M | 767.28M | 766.29M | 544.91M | 492.05M | 483.03M | 441.89M | 417.78M | 436.05M | 444.23M | 433.84M | 394.84M |
| COGS % of Revenue | 74.81% | 72.87% | 66.26% | 65.04% | 68.15% | 67.8% | 69.06% | 63.1% | 71.62% | 67.99% | 62.53% | 69.88% | 73.87% | 74.15% | 66.59% | 72.65% | 71.87% | 71.05% | 71.22% | 69.18% |
| Gross Profit | 295.05M | 313.94M | 384.89M | 409.44M | 365.3M | 361.82M | 347.18M | 415.63M | 326.39M | 361.26M | 459.13M | 234.88M | 174.05M | 168.41M | 221.67M | 157.28M | 170.7M | 181.03M | 175.32M | 175.94M |
| Gross Margin % | 25.19% | 27.13% | 33.74% | 34.96% | 31.85% | 32.2% | 30.94% | 36.9% | 28.38% | 32.01% | 37.47% | 30.12% | 26.13% | 25.85% | 33.41% | 27.35% | 28.13% | 28.95% | 28.78% | 30.82% |
| Gross Profit Growth % | -19.23% | -13.23% | 10.86% | -1.49% | 11.92% | 0.15% | -24.38% | 76.96% | 87.53% | 114.51% | 107.12% | 49.34% | 1.96% | -6.97% | 26.44% | -10.61% | -12.76% | -1.76% | 5% | 21.4% |
| Operating Expenses | 295.67M | 287.64M | 349.12M | 362.77M | 519.08M | 340.57M | 371.86M | 355.9M | 326.1M | 405.18M | 1.26B | 276.4M | 246.74M | 199.72M | 216.99M | 213.91M | 219.34M | 209.77M | 150.9M | 190.2M |
| OpEx % of Revenue | 25.24% | 24.86% | 30.6% | 30.98% | 45.25% | 30.31% | 33.13% | 31.59% | 28.36% | 35.9% | 103.13% | 35.44% | 37.04% | 30.66% | 32.7% | 37.2% | 36.15% | 33.55% | 24.77% | 33.32% |
| Selling, General & Admin | 254.15M | 240.71M | 241.78M | 262.83M | 250.1M | 238.02M | 272.45M | 251.12M | 253.35M | 271.73M | 1.15B | 219.58M | 206.97M | 0 | 177.19M | 171.63M | 171.59M | 165.85M | 152.72M | 0 |
| SG&A % of Revenue | 21.7% | 20.8% | 21.19% | 22.44% | 21.8% | 21.18% | 24.28% | 22.29% | 22.03% | 24.08% | 93.76% | 28.16% | 31.07% | - | 26.7% | 29.84% | 28.28% | 26.53% | 25.07% | - |
| Research & Development | 41.52M | 46.93M | 42.26M | 34.19M | 45.34M | 36.7M | 33.39M | 38.56M | 46.49M | 41.73M | 33.43M | 29M | 32.3M | 43.64M | 32.42M | 34.77M | 54.08M | 36.38M | 39.61M | 47.7M |
| R&D % of Revenue | 3.55% | 4.06% | 3.7% | 2.92% | 3.95% | 3.27% | 2.98% | 3.42% | 4.04% | 3.7% | 2.73% | 3.72% | 4.85% | 6.7% | 4.89% | 6.05% | 8.91% | 5.82% | 6.5% | 8.36% |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K |
| Operating Income | -624K | 26.3M | 35.77M | 46.67M | -153.78M | 21.25M | -24.68M | 59.73M | 295K | -43.92M | -804.67M | -41.52M | -72.69M | -31.31M | 4.68M | -56.64M | -48.64M | -28.73M | 24.42M | -14.27M |
| Operating Margin % | -0.05% | 2.27% | 3.14% | 3.99% | -13.41% | 1.89% | -2.2% | 5.3% | 0.03% | -3.89% | -65.66% | -5.32% | -10.91% | -4.81% | 0.71% | -9.85% | -8.02% | -4.59% | 4.01% | -2.5% |
| Operating Income Growth % | 99.59% | 23.79% | 244.97% | -21.87% | -52230.51% | 148.38% | 96.93% | 243.88% | 100.41% | -40.26% | -17275.39% | 26.7% | -49.45% | -8.98% | -80.81% | -297.04% | -267.12% | -232.04% | 92.53% | -168.44% |
| EBITDA | 346.7M | 366.16M | 359.94M | 388.34M | 171.8M | 359M | 329.99M | 390.94M | 312.85M | 292.71M | -470.9M | 133.06M | 54.2M | 79.48M | 129.09M | 67.45M | 63.12M | 98.9M | 151.53M | 85.99M |
| EBITDA Margin % | 29.6% | 31.65% | 31.55% | 33.16% | 14.98% | 31.95% | 29.4% | 34.71% | 27.2% | 25.94% | -38.43% | 17.06% | 8.14% | 12.2% | 19.45% | 11.73% | 10.4% | 15.82% | 24.87% | 15.06% |
| EBITDA Growth % | 101.81% | 1.99% | 9.08% | -0.67% | -45.09% | 22.65% | 170.08% | 193.8% | 477.16% | 268.27% | -464.8% | 97.28% | -14.12% | -19.63% | -14.81% | -21.56% | -47.22% | -20.41% | 38.13% | -1.49% |
| D&A (Non-Cash Add-back) | 347.33M | 339.86M | 324.17M | 341.67M | 325.58M | 337.75M | 354.67M | 331.2M | 312.55M | 336.63M | 333.76M | 174.58M | 126.9M | 110.79M | 124.4M | 124.09M | 111.76M | 127.63M | 127.11M | 100.25M |
| EBIT | -624K | 180.36M | 40M | 55.51M | 15.62M | -67.63M | -3.98M | 82.53M | 23.96M | -23M | -772.18M | -22.33M | -60.64M | -21.61M | 11.58M | -55.5M | -48.64M | -28.34M | -24.35M | -7.17M |
| Net Interest Income | -65.48M | 78.11M | -68.44M | -86.07M | -86.83M | -76.77M | -91.44M | -82.98M | -101.1M | -112.62M | -53.67M | -36.75M | 4.5M | -8.22M | 2.17M | -5.75M | -11.61M | -5.03M | -6.02M | -6.23M |
| Interest Income | 13.44M | 165.59M | 12.53M | 14.29M | 19.52M | 17.71M | 23.9M | 22.79M | 23.66M | 20.92M | 32.49M | 19.19M | 12.05M | 525K | 6.81M | 123K | 0 | 386K | 71K | 63K |
| Interest Expense | 78.93M | 87.48M | 80.96M | 100.36M | 106.35M | 94.48M | 115.34M | 105.78M | 124.77M | 133.54M | 86.16M | 55.94M | 7.55M | 8.75M | 4.64M | 5.87M | 11.61M | 5.41M | 6.09M | 6.29M |
| Other Income/Expense | 106.69M | 69.86M | -76.74M | -87.79M | -83.19M | -179.95M | -91.2M | -80.24M | -97.15M | -109.93M | -54.17M | -35.92M | 4.5M | -8.23M | 2.22M | -4.74M | 17.47M | -5.03M | -54.86M | -2.37M |
| Pretax Income | 106.06M | 96.17M | -40.97M | -41.11M | -236.98M | -158.71M | -115.88M | -20.5M | -96.85M | -153.84M | -858.84M | -77.44M | -68.19M | -39.55M | 6.9M | -61.38M | -31.17M | -33.76M | -30.44M | -16.63M |
| Pretax Margin % | 9.06% | 8.31% | -3.59% | -3.51% | -20.66% | -14.12% | -10.33% | -1.82% | -8.42% | -13.63% | -70.09% | -9.93% | -10.24% | -6.07% | 1.04% | -10.67% | -5.14% | -5.4% | -5% | -2.91% |
| Income Tax | 40.08M | 58.67M | 10.86M | 6.61M | 3.76M | -11.8M | 5.92M | 1.18M | -11.37M | -34.5M | -93.08M | -533K | -9.63M | 5.21M | 76.65M | -22.81M | 14.55M | -3.31M | -9.11M | -10.38M |
| Effective Tax Rate % | 37.79% | 61.01% | -26.52% | -16.08% | -1.59% | 7.43% | -5.1% | -5.77% | 11.74% | 22.42% | 10.84% | 0.69% | 14.12% | -13.18% | 1110.33% | 37.17% | -46.68% | 9.81% | 29.93% | 62.41% |
| Net Income | 58.82M | 24.97M | -61.44M | -56.43M | -246.05M | -158.41M | -137.58M | -32.91M | -100.26M | -124.4M | -767.24M | -77M | 1.2B | -42.23M | -48.24M | -21.56M | -29.18M | -6.61M | 3.29M | 16.97M |
| Net Margin % | 5.02% | 2.16% | -5.39% | -4.82% | -21.45% | -14.1% | -12.26% | -2.92% | -8.72% | -11.02% | -62.61% | -9.88% | 179.68% | -6.48% | -7.27% | -3.75% | -4.81% | -1.06% | 0.54% | 2.97% |
| Net Income Growth % | 123.91% | 115.76% | 55.34% | -71.47% | -145.41% | -27.34% | 82.07% | 57.26% | -108.38% | -194.59% | -1490.46% | -257.1% | 4201.57% | -538.56% | -1565.82% | -227.09% | -496.63% | -197.83% | 67.65% | 236.96% |
| Net Income (Continuing) | 65.98M | 37.5M | -51.83M | -47.72M | -240.74M | -146.91M | -121.8M | -21.69M | -85.48M | -119.35M | -765.76M | -76.9M | -58.57M | -44.76M | -69.74M | -38.56M | -45.73M | -30.44M | -21.33M | -6.25M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Minority Interest | 68.96M | 61.8M | 49.27M | 39.74M | 90.73M | 85.51M | 74M | 58.3M | 47.07M | 42.79M | 37.74M | 36.36M | 36.26M | 33.43M | 31.63M | 49.25M | 48.73M | 41.28M | 38.66M | 36.89M |
| EPS (Diluted) | 0.41 | 0.18 | -0.47 | -0.43 | -1.89 | -1.23 | -1.07 | -0.26 | -0.80 | -0.99 | -6.16 | -0.83 | -0.76 | -0.55 | -0.64 | -0.28 | -0.29 | -0.09 | 0.04 | 0.23 |
| EPS Growth % | 121.69% | 114.63% | 56.07% | -65.38% | -136.25% | -24.24% | 82.63% | 68.67% | -5.26% | -80% | -862.5% | -196.43% | -162.07% | -514.53% | -1700% | -221.74% | -363.64% | -190.68% | 37.46% | 215% |
| EPS (Basic) | 0.41 | 0.18 | -0.47 | -0.43 | -1.89 | -1.23 | -1.07 | -0.26 | -0.80 | -0.99 | -6.16 | -0.83 | -0.76 | -0.55 | -0.64 | -0.28 | -0.29 | -0.09 | 0.04 | 0.24 |
| Diluted Shares Outstanding | 142.96M | 131.58M | 131.58M | 131.58M | 130.21M | 128.94M | 128.39M | 126.58M | 125.87M | 125.1M | 124.53M | 93.11M | 76.91M | 76.37M | 75.76M | 74.86M | 74.58M | 73.92M | 73.54M | 72.82M |
| Basic Shares Outstanding | 142.95M | 130.21M | 130.21M | 130.21M | 130.21M | 128.94M | 128.39M | 126.58M | 125.85M | 125.1M | 124.53M | 93.11M | 76.91M | 76.37M | 75.59M | 74.86M | 74.43M | 73.48M | 73.4M | 71.54M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |