Financial Statements — VSAT
Balance Sheet
(in billions USD)| Metric | Q1
2027 | Q3
2026 | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.74 | 1.35 | 1.23 | 1.18 | 1.56 | 3.53 | 1.81 | 1.62 | 1.96 | 0.18 | 0.15 | 1.96 | 0.17 | 0.22 | 0.28 | 0.32 | 0.35 | 0.23 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | 0.03 | -- | -- | -- | 0.13 | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 0.74 | 0.75 | 0.68 | 0.69 | 0.65 | 0.72 | 0.69 | 0.68 | 0.66 | 0.37 | 0.32 | 0.63 | 0.36 | 0.37 | 0.36 | 0.20 | 0.25 | 0.27 |
| Inventory | 0.29 | 0.29 | 0.28 | 0.28 | 0.32 | 0.33 | 0.33 | 0.35 | 0.35 | 0.26 | 0.24 | 0.34 | 0.35 | 0.35 | 0.35 | 0.33 | 0.33 | 0.31 |
| Total Current Assets | 3.10 | 2.65 | 2.44 | 2.46 | 2.84 | 5.06 | 3.33 | 3.74 | 4.06 | 1.25 | 1.15 | 3.43 | 1.03 | 1.07 | 1.13 | 0.97 | 1.04 | 0.92 |
| Property, Plant & Equipment | 7.25 | 7.30 | 7.29 | 7.34 | 7.56 | 7.49 | 7.53 | 7.37 | 7.71 | 4.20 | 4.00 | 9.16 | 3.60 | 3.47 | 3.39 | 2.97 | 2.85 | 2.72 |
| Goodwill | 1.62 | 1.63 | 1.63 | 1.63 | 1.62 | 1.62 | 1.62 | 1.61 | 1.38 | 0.17 | 0.16 | 1.59 | 0.19 | 0.19 | 0.18 | 0.12 | 0.12 | 0.12 |
| Intangible Assets | 1.93 | 2.06 | 2.13 | 2.19 | 2.34 | 2.41 | 2.48 | 2.77 | 2.77 | 0.21 | 0.21 | 2.55 | 0.24 | 0.24 | 0.26 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets* | 12.01 | 12.26 | 12.32 | 12.44 | 12.76 | 12.69 | 12.76 | 12.91 | 13.01 | 5.55 | 5.36 | 14.47 | 5.06 | 4.93 | 4.86 | 4.28 | 4.16 | 3.98 |
| Total Assets | 15.11 | 14.91 | 14.76 | 14.90 | 15.60 | 17.75 | 16.09 | 16.65 | 17.07 | 6.80 | 6.51 | 17.90 | 6.09 | 5.99 | 5.99 | 5.25 | 5.20 | 4.90 |
| Accounts Payable | 0.29 | 0.31 | 0.31 | 0.24 | 0.22 | 0.25 | 0.23 | 0.31 | 0.39 | 0.30 | 0.24 | 0.38 | 0.25 | 0.19 | 0.20 | 0.12 | 0.17 | 0.18 |
| Total Current Liabilities | 1.85 | 1.25 | 1.17 | 1.16 | 1.58 | 3.52 | 1.08 | 1.38 | 1.55 | 0.85 | 0.80 | 1.47 | 0.79 | 0.73 | 0.74 | 0.64 | 0.62 | 0.57 |
| Long-term Debt | 5.78 | 6.24 | 6.53 | 6.53 | 6.54 | 6.40 | 7.13 | 7.22 | 7.23 | 2.90 | 2.65 | 7.22 | 2.15 | 2.11 | 2.11 | 1.80 | 1.81 | 1.82 |
| Total Non-current Liabilities* | 8.54 | 9.03 | 9.01 | 9.13 | 9.17 | 9.22 | 9.92 | 10.13 | 10.29 | 3.33 | 3.08 | 10.45 | 2.62 | 2.59 | 2.59 | 2.26 | 2.27 | 2.24 |
| Total Liabilities | 10.39 | 10.28 | 10.18 | 10.29 | 10.75 | 12.75 | 11.00 | 11.50 | 11.84 | 4.18 | 3.88 | 11.92 | 3.41 | 3.32 | 3.34 | 2.90 | 2.90 | 2.81 |
| Retained Earnings | (0.41) | (0.42) | (0.44) | (0.38) | (0.08) | 0.08 | 0.22 | 0.35 | 0.47 | 0.12 | 0.16 | 1.24 | 0.26 | 0.27 | 0.27 | 0.24 | 0.23 | 0.23 |
| Total Stockholder Equity | 4.64 | 4.57 | 4.52 | 4.56 | 4.76 | 4.94 | 5.03 | 5.10 | 5.19 | 2.59 | 2.60 | 5.94 | 2.63 | 2.63 | 2.62 | 2.32 | 2.28 | 2.07 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2027 | Q4
2026 | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 |
|---|
| Total Revenue | 1.16 | 1.17 | 1.16 | 1.14 | 1.17 | 1.15 | 1.12 | 1.12 | 1.13 | 1.15 | 1.13 | 1.23 | 0.57 | 0.65 | 0.66 | 0.78 | 0.70 | 0.72 | 0.70 | 0.66 |
| Research & Development | 0.05 | 0.04 | 0.05 | 0.04 | 0.03 | 0.03 | 0.04 | 0.03 | 0.04 | 0.05 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 |
| Selling, General & Admin | 0.26 | 0.25 | 0.24 | 0.24 | 0.26 | 0.42 | 0.24 | 0.27 | 0.25 | 0.25 | 0.27 | 1.15 | 0.20 | 0.16 | 0.18 | 0.22 | 0.18 | 0.17 | 0.16 | 0.15 |
| Total Operating Expenses | 1.04 | 1.11 | 1.07 | 1.04 | 1.06 | 1.24 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | 0.05 | -0.00 | 0.03 | 0.04 | 0.05 | (0.15) | 0.02 | (0.02) | 0.06 | 0.00 | (0.04) | (0.80) | (0.10) | (0.03) | 0.00 | (0.04) | (0.02) | 0.00 | 0.01 | 0.02 |
| Interest Expense | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.11 | 0.09 | 0.12 | 0.11 | 0.12 | 0.13 | 0.09 | 0.01 | 0.01 | 0.00 | 0.06 | 0.01 | 0.01 | 0.01 | 0.01 |
| Pretax Income | (0.02) | 0.10 | 0.09 | (0.05) | (0.04) | (0.24) | (0.16) | (0.12) | (0.02) | (0.10) | (0.16) | (0.86) | (0.09) | (0.04) | 0.00 | (0.03) | (0.03) | -0.00 | 0.00 | 0.01 |
| Tax Provision | 0.02 | 0.04 | 0.06 | 0.01 | 0.01 | 0.00 | (0.01) | 0.01 | 0.00 | (0.01) | (0.03) | (0.09) | (0.02) | 0.01 | 0.08 | -0.00 | (0.01) | 0.00 | -0.00 | -0.00 |
| Net Income | (0.05) | 0.06 | 0.02 | (0.06) | (0.06) | (0.25) | (0.16) | (0.14) | (0.03) | (0.10) | (0.12) | (0.77) | 1.20 | (0.04) | (0.05) | (0.08) | (0.02) | -0.00 | 0.01 | 0.02 |
| Basic EPS | (0.38) | 0.45 | 0.18 | (0.45) | (0.43) | (1.92) | (1.23) | (1.07) | (0.26) | (0.65) | (0.99) | (6.16) | 15.77 | (0.55) | (0.64) | (0.83) | (0.40) | (0.09) | 0.04 | 0.24 |
| Diluted EPS | (0.38) | 0.45 | 0.18 | (0.45) | (0.43) | (1.92) | (1.23) | (1.07) | (0.26) | (0.65) | (0.99) | (6.16) | 15.77 | (0.55) | (0.64) | (0.83) | (0.39) | (0.09) | 0.04 | 0.23 |
Cash Flow Statement
(in billions USD)| Metric | Q1
2027 | Q4
2026 | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 |
|---|
| Operating Cash Flow | 0.26 | 0.32 | 0.73 | 0.28 | 0.26 | 0.30 | 0.22 | 0.24 | 0.15 | 0.23 | 0.13 | 0.32 | 0.05 | 0.09 | 0.23 | 0.10 | 0.12 | 0.16 | 0.16 | 0.07 |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.74 | 0.29 | 0.27 | 0.51 | 0.37 | 0.27 | 0.22 | 0.20 | 0.25 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.42) | (0.24) | (0.19) | (0.28) | (0.27) | (0.15) | (0.06) | (0.04) | (0.18) |
| Investing Cash Flow | (0.22) | (0.10) | (0.27) | (0.21) | (0.18) | (0.23) | (0.19) | (0.11) | (0.22) | 0.16 | (0.45) | (1.00) | 1.62 | (0.30) | (0.55) | (0.77) | (0.28) | (0.24) | (0.21) | (0.40) |
| Financing Cash Flow | (0.05) | 0.17 | (0.33) | (0.02) | (0.51) | (0.01) | (2.00) | 1.59 | (0.02) | (0.11) | (0.03) | 1.27 | (0.47) | 0.24 | (1.11) | 1.28 | 0.31 | 0.03 | -0.00 | 0.32 |
* Derived from reported values
