Viasat Inc. Reports $1.157 Billion Revenue and $24.97 Million Net Income for December 2025 Quarter

Viasat Inc. reported a total revenue of $1.157 billion for the three months ended December 31, 2025, marking a 3% increase from $1.124 billion in the same period last year. The growth was driven by a 2% rise in service revenues, which reached $822.8 million, and a 6% increase in product revenues, totaling $334.2 million. For the nine months ending December 31, 2025, total revenues amounted to $3.469 billion, up from $3.372 billion in the prior year, reflecting a 3% increase. The company reported a net income of $24.97 million for the quarter, a significant recovery from a net loss of $158.4 million in the same quarter of the previous year.

Comparatively, Viasat's operating expenses increased slightly, with total costs rising to $1.066 billion from $1.037 billion year-over-year. The cost of service revenues was $536.8 million, while the cost of product revenues was $241.5 million. The company also noted a substantial increase in interest income, which surged to $165.6 million, primarily due to a lump sum payment received from Ligado Networks. This increase in interest income contributed to a more favorable financial position, despite a tax provision of $58.7 million for the quarter, resulting in an effective tax rate of 63%.

Strategically, Viasat has been active in expanding its capabilities and market reach. The company completed the divestiture of its energy services system integration business in December 2024, which was deemed non-core to its growth strategy. Additionally, Viasat is in the process of selling its equity method investment in Navarino UK, with the transaction expected to close in the fourth quarter of fiscal year 2026. The company continues to invest in its satellite fleet, with the recent launch of the ViaSat-3 F2 satellite and ongoing development of additional satellites to enhance its service offerings.

Operationally, Viasat reported approximately 4,460 commercial aircraft equipped with its in-flight connectivity (IFC) systems, with expectations to add around 1,100 more under existing agreements. The company also serves approximately 143,000 fixed broadband subscribers in the U.S. as of December 31, 2025. The firm backlog stood at $3.967 billion, with nearly half expected to be delivered within the next 12 months, indicating a strong pipeline for future revenue.

Looking ahead, Viasat anticipates continued growth driven by its strategic investments in satellite technology and expanding service offerings. The company remains focused on enhancing its liquidity position and may seek additional financing to support future satellite projects and acquisitions. With a solid cash position of $1.346 billion and no outstanding borrowings, Viasat is well-positioned to navigate the evolving telecommunications landscape.