Company data sheet · Viasat
Viasat: three lost years, and the economy wasn't the reason.
- Industry
- Communications Services
- Headquarters
- United States
- Ticker
- VSAT (Nasdaq)
- Sources
- SEC filings (1996–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to three straight losses. Viasat earned $1.1 billion in fiscal 2021–2023. Then it lost money every year from fiscal 2024 to 2026: $1.7 billion in all.
- It outgrew its own economy many times over. Revenue rose from $1.4 billion in fiscal 2016 to $4.6 billion in fiscal 2026: 3.3 times as much. The US economy, counted the same way in money terms, grew about 65%. Whatever drove it, the economy around it does not account for growth of that size.
- It wasn't the cycle. The losses began in fiscal 2024 (mostly calendar 2023), a year the US economy grew 2.9%. When a company falls while its economy grows, look inside the company first.
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 198% in US dollars; the median among 189 large transportation and utility companies grew 57%. It outgrew 88% of them.
- Leaders came and went. Viasat filed 31 leadership changes since 2016, more than 86% of large transportation and utility companies (the median is 12). The day after each, its shares fell a median 0.8 points against its sector.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $1.4 billion | $0 billion | |
| 2017 | $1.6 billion | $0 billion | |
| 2018 | $1.6 billion | −$0.1 billion | |
| 2019 | $2.1 billion | −$0.1 billion | |
| 2020 | $2.3 billion | $0 billion | |
| 2021 | $1.9 billion | $0 billion | |
| 2022 | $2.4 billion | −$0 billion | |
| 2023 | $2.6 billion | $1.1 billion | |
| 2024 | $4.3 billion | −$1.1 billion | |
| 2025 | $4.5 billion | −$0.6 billion | |
| 2026 | $4.6 billion | −$0 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 64 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (35 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 404 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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