Forensic Analysis · Communication Services / Telecom · as of Jun 27, 2026
VIASAT INC (VSAT)
A forensic read on VIASAT INC built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Grey Zone
Financial health
1.2
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-0.7%
ROE
$8.5B
Market cap
VIASAT INC earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 1.2, placing it in the Grey zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
0%Return on invested capital.Return on invested capital is 0% and rising from -2% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
+25.8%/yrShare-count dilution.Diluted share count changed +77% over the last 3 years to FY2026 (+25.8%/yr). The count is GROWING — existing holders are being diluted. That's ~25.8% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~77%.
Key fundamentals
Net Margin-0.7%
Debt / Equity1.38x
Free Cash Flow$512.9M
Latest Revenue$4.64B
Return on Equity-0.7%
Revenue Growth YoY+2.7%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on VIASAT INC:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about VSAT's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown