secwatch.observer — SEC 8-K summary
======================================

Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001193125-25-123143
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat reports Q4 net loss $246M, includes $169M impairment; FY2025 revenue record $4.5B
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312525123143/0001193125-25-123143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312525123143/d944611d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-123143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer