earnings
confidence high
sentiment negative
materiality 0.85
Viasat reports Q4 net loss $246M, includes $169M impairment; FY2025 revenue record $4.5B
VIASAT INC
2025-FY EPS
reported -$4.48
vs consensus -$0.39
▼ miss
(-1061.8%)
- Q4 FY2025 revenue $1.1B flat YoY; net loss $246M vs $90M loss a year ago, driven by $169M impairment on ViaSat-3 EMEA ground network.
- FY2025 record revenue $4.5B, record Adj EBITDA $1.55B, net loss $575M improved YoY. Operating cash flow $908M.
- FY2026 guidance: low single-digit revenue growth, flattish Adj EBITDA, capex ~$1.3B, positive free cash flow in H2.
- Satellite roadmap: VS-3 F2 to ship summer 2025, commercial ops early CY2026. Telesat LEO agreement signed.
- Subsequent to year-end, redeemed $442.6M senior notes due 2025; repurchased $359M in FY2025.
item 2.02item 9.01