# Viasat Inc (VSAT) — Stock CV

Viasat Inc is a $9.89B communication services company. Revenue grew 1.3% over the last year, it currently loses money, and its net debt equals ~3.3 years of free cash flow.

> Viasat Inc an world-wide provider of communications technologies and services, focused on making connectivity accessible, available and secure for current and future customers world-wide. The company has two reportable segments: communication services and defense and advanced technologies.

## Identity

- **Ticker**: VSAT
- **Sector**: Communication Services
- **Industry**: Communications Services, Nec
- **Headquarters**: CARLSBAD, CA
- **Employees**: 7 000
- **Website**: https://www.viasat.com
- **Market cap**: $9.89B
- **Last price**: $71.77
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $4.63B
- **Net income**: -$29.4M
- **Free cash flow**: $1.59B
- **Net debt**: $5.19B
- **Revenue growth (YoY)**: 1.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 70 |
| Growth | 20 |
| Profitability | 10 |
| Health | 29 |
| Quality | 72 |
| Moat | 13 |

## Qualifications (beginner checklist) — 5 of 9 passed

- [x] Revenue growing — +1.3% YoY
- [ ] Profitable — -$29.4M TTM
- [x] Profit growing — +94.1% YoY
- [x] Generates cash — $1.59B TTM
- [x] Debt under control — ~3.3y of cash flow to repay
- [x] Established company — $9.89B market cap
- [ ] Not printing shares — +101.1% shares over ~5y
- [ ] Proven track record — 4/11 profitable years
- [ ] Financially stable — Altman Z 0.7 — distress

## Experience (career milestones)

- **FY2023** — Best year on record: $1.08B net income
- **FY2016** — First recorded profitable year: $21.7M net income
- **FY2016** — Revenue already above $1B: $1.42B in first reported year

## Strengths

- Strong cash conversion — FCF is 34.4% of revenue
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Not profitable — 0.6% net margin
- Altman Z-Score 0.72 — elevated financial-distress risk
- Net debt would take ~9.0 years of free cash flow to repay
- Thin interest coverage (1.7×)
- Loss-making in 7 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $2.79B | -$15.5M | -$433M |
| FY2023 | $2.56B | $1.08B | -$709M |
| FY2024 | $4.28B | -$1.07B | -$851M |
| FY2025 | $4.52B | -$575M | -$122M |
| FY2026 | $4.64B | -$34.1M | $597M |

---

Source: https://stockcv.com/VSAT — derived from company filings; may be delayed or incomplete. Information, not investment advice.