8-KCurrent report
Results of operations
✓ VerifiedViasat's fiscal 2026 letter reports record revenue of $4.6 billion, record awards of $4.9 billion, record backlog of $4.1 billion, and a net loss narrowed to $34 million from $575 million.
Filed May 28, 2026 · 16:23 ET
Summary
- The company delivered record revenue of $4.6 billion and record adjusted EBITDA of $1.6 billion for fiscal 2026.
- Awards reached a record $4.9 billion and year-end backlog a record $4.1 billion, up 15%, with the Defense and Advanced Technologies backlog growing 23%.
- Net loss of $34 million improved from a net loss of $575 million a year earlier.
- Free cash flow was $177 million, an improvement of $299 million, excluding the $420 million Ligado lump sum; the company redeemed all remaining $442.6 million of 2025 notes and repaid the $300 million Inmarsat term loan due 2026.
- Fourth-quarter revenue was $1.2 billion, a 2% increase, and available liquidity ended the year at $2.9 billion.
Key facts
- FY revenue
- $4.6 billion
From the filing for FY revenue
“Delivered record revenue of $4.6 billion”
- Backlog
- $4.1 billion, up 15%
From the filing for Backlog
“record backlog of $4.1 billion, representing a 15% increase over the prior year”
- Net loss
- $34 million
From the filing for Net loss
“Net loss1 of $34 million improved YoY from a net loss1 of $575 million”
Why it mattersDefense demand and debt cleanup carried the year while the loss line closed most of the gap toward breakeven.
- Filed
- May 28, 2026
- Accepted
- 2026-05-28 20:23Z
- Period
- May 28, 2026
- Accession no.
- 0001193125-26-245304
- Size
- 5.8 MB
- Index
- Filing index