ViaSat (VSAT)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $10.1B, ViaSat's free cash flow of $597M (fiscal 2026) would need to grow about 3% a year for the stock to be worth today's price.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from ViaSat's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from VSAT's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from ViaSat's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.6B | $4.3B | $4.5B | $4.6B |
| Net income | -$16M | $1.1B | -$1.1B | -$575M | -$34M |
| Free cash flow | -$433M | -$709M | -$851M | -$122M | $597M |
| EPS (diluted) | -$0.21 | $14.29 | -$9.12 | -$4.48 | -$0.25 |
| Operating margin | -4.7% | -6.1% | -20.8% | -2.2% | 2.3% |
Where the revenue comes from
Revenue by segments, fiscal 2026.
Superinvestors who own VSAT
From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Howard Marks Oaktree Capital Management |
New position | $57M | 1.00% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Trimmed | $27M | 0.01% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $2M | 0.02% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $1M | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by ViaSat's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Jan 22, 2026 | Jonathan L. Jackson |
0 | $44.23 | — |
| Jan 22, 2026 | Jonathan L. Jackson |
0 | $44.23 | — |
| Jan 22, 2026 | Jonathan L. Jackson |
0 | $44.23 | — |
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In the full deep dive
Questions
What growth does ViaSat's stock price imply?
At a market value of $10.1B, ViaSat would need its free cash flow to grow about 3% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price.
Are ViaSat insiders buying the stock?
3 open-market insider purchases of VSAT in the last 12 months, from SEC Form 4 filings.
Which superinvestors own ViaSat?
4 of the superinvestors Investingly tracks hold VSAT in their latest 13F, including Howard Marks, Cliff Asness, Mario Gabelli.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.