Viasat delivered Q1 FY2025 revenue of $1.171 billion, up 3.96% year over year and 2.09% quarter over quarter, with a gross margin of 34.96% and an operating margin of 3.99%. However, the quarter ended with a net loss of $56.4 million and negative earnings per share of $0.43, primarily reflecting material non-operating headwinds rather than a deterioration in core operating profitability. Total other income/expenses net was a significant drag (-$87.8 million), while interest expense was elevated at $100.4 million, and depreciation & amortization reached $341.7 million. The combination produced a negative pre-tax result (-$41.11 million) and a net income print of -$56.43 million despite positive operating income of $46.7 million.
Key Performance Indicators
Revenue
Increasing
1.17B
QoQ: 2.09% | YoY: 3.96%
Gross Profit
Decreasing
409.44M
34.96% margin
QoQ: 12.08% | YoY: -1.49%
Operating Income
Decreasing
46.67M
QoQ: 130.35% | YoY: -21.87%
Net Income
Decreasing
-56.43M
QoQ: 77.06% | YoY: -71.47%
EPS
Decreasing
-0.43
QoQ: 77.25% | YoY: -65.38%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $1,171.054 million; YoY +3.96%, QoQ +2.09%
Gross Profit: $409.438 million; Margin 34.96%; YoY -1.49%, QoQ +12.08%
Operating Income: $46.672 million; Margin 3.99%; YoY -21.87%, QoQ +130.35%
Net Income: -$56.434 million; Margin -4.82%; YoY -71.47%, QoQ +77.06%
EPS (diluted): -$0.43; YoY -65.38%, QoQ +77.25%
Liquidity/Coverage: Cash & equivalents $1,177.492 million; Current ratio 2.11; Quick ratio 1.87; Cash ratio 1.01; Interest Coverage 0.47x; Net Debt $5.84 billion; Total debt $7.02 billion; Debt/Equity 1.55; EV Multiple 19.66x; P/S 1.62x; P/B 0.42x; P/E negative; FCF per share $0.46; Operating cash flow per share $1.99.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
1.17B
3.96%
2.09%
Gross Profit
409.44M
-1.49%
12.08%
Operating Income
46.67M
-21.87%
130.35%
Net Income
-56.43M
-71.47%
77.06%
EPS
-0.43
-65.38%
77.25%
Key Financial Ratios
Gross Profit Margin
Fair
35.00%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Weak
3.99%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-0.05%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
0.00%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
-0.01%
Return on equity suggests inefficient capital allocation
Current Ratio
Healthy
2.11
Current ratio shows adequate liquidity to meet short-term obligations
Debt to Equity
High Risk
1.55
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Negative
-8.42x
Negative earnings make P/E ratio not meaningful
Price to Book
Undervalued
0.42x
Trading below book value, potential value opportunity or distressed
Management Insights Available for Members
Get exclusive access to management commentary, earnings call quotes, and forward guidance from company leadership.