Also trades as: 0LPE.L (LSE) · $vol 0M

$74.56

+3.80 (+5.37%)

Weekly Expected Move ±9.1%

$57 $63 $69 $76 $82

NASDAQ · Technology · Communication Equipment · Alpha Radar Buy · Power 67 · $10.1B mcap · 132M float · 1.21% daily turnover · Short 58% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

41.4 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: -0.3% · 5Y Avg: -0.5%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. VSAT shows a Weak competitive edge (41.4/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Switching Costs. Negative ROIC of -0.3% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$48

Low

$74

Avg Target

$100

High

Based on 3 analysts since Feb 5, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 8Hold: 8Sell: 4Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$87.00

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-13	New Street	—	Initiated	$100	—	+41.7%	$70.58
2026-04-24	Raymond James	—	Initiated	$74	—	+18.2%	$62.58
2026-02-06	Deutsche Bank	Edison Yu	$15	$48	+33	+17.3%	$40.93
2026-01-16	Morgan Stanley	—	Initiated	$51	—	+15.6%	$44.11
2025-10-01	Barclays	Mathieu Robilliard	Initiated	$23	—	-21.5%	$29.30
2025-03-24	Deutsche Bank	—	$22	$15	-7	+34.0%	$11.19
2024-10-15	Needham	Ryan Koontz	$28	$19	-9	+73.8%	$10.93
2024-09-20	Bank of America Securities	Benjamin Heelan	Initiated	$19	—	+46.4%	$12.98
2024-05-28	Deutsche Bank	Edison Yu	$23	$22	-1	+37.2%	$16.04
2024-05-22	Needham	Ryan Koontz	Initiated	$28	—	+74.7%	$16.03
2024-05-22	Deutsche Bank	Edison Yu	Initiated	$23	—	+22.1%	$18.84
2022-06-04	B.Riley Financial	Mike Crawford	Initiated	$100	—	+152.5%	$39.60

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. VSAT receives an overall rating of C. Strongest factors: P/B (4/5). Areas of concern: ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-05-11	C+	C
2026-04-27	C	C+
2026-02-10	C+	C
2026-02-04	C	C+
2026-01-29	C+	C
2026-01-27	C	C+
2026-01-26	C+	C
2026-01-21	C	C+
2026-01-20	C+	C
2026-01-16	C-	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 35 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. VSAT scores highest in Growth (66/100) and lowest in Profitability (11/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

0.68

Distress Zone

Piotroski F-Score

4/9

✗ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✓

Beneish M-Score

-3.18

Unlikely Manipulator

Ohlson O-Score

-6.71

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

Score: 26.9/100

Trend: Stable

Earnings Quality

—

OCF/NI: -4.62x

Accruals: -12.0%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. VSAT scores 0.68, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. VSAT scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. VSAT's score of -3.18 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. VSAT's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. VSAT receives an estimated rating of B (score: 26.9/100), with a stable trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-28.64x

PEG

34.44x

P/S

2.19x

P/B

2.12x

P/FCF

3.44x

P/OCF

2.90x

EV/EBITDA

6.43x

EV/Revenue

2.26x

EV/EBIT

35.81x

EV/FCF

7.92x

Earnings Yield

-7.48%

FCF Yield

29.07%

Shareholder Yield

0.34%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. VSAT currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

1.521

NI / EBT

Interest Burden

-0.765

EBT / EBIT

EBIT Margin

0.063

EBIT / Rev

Asset Turnover

0.291

Rev / Assets

Equity Multiplier

3.317

Assets / Equity

ROE

-7.1%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. VSAT's ROE of -7.1% is driven by financial leverage (equity multiplier: 3.32x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 1.52 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Assessment

Overvalued

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$74.56

Median 1Y

$58.75

5th Pctile

$17.87

95th Pctile

$193.72

Ann. Volatility

68.6%

Analyst Target

$87.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Mark Dankberg Chairman and Chief Executive Officer	$1,365,000	$4,486,808	$7,882,902
Garrett Chase Financial ce President and Chief Financial Officer	$350,481	$4,620,016	$5,865,497
K. Guru Gowrappan Former President	$1,000,000	$4,486,808	$5,498,346
Evan Dixon President, sident, Global Fixed Broadband	$451,827	$—	$2,955,990
Girish Chandran Corporate Chief Technology Officer and Senior Vice President, Engineering	$614,904	$802,908	$2,270,622
James Dodd President, e President and President, Commercial Services	$674,519	$802,908	$2,229,677
Craig Miller President, e President and President, Government	$704,423	$944,599	$2,226,272
Shawn Duffy Accounting e President and Chief Accounting Officer, Former Chief Financial Officer	$674,712	$944,599	$2,215,444

CEO Pay Ratio

Insufficient data for pay ratio.

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

—

-100.0% YoY

Revenue / Employee

—

Profit / Employee

—

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
ROE	0.2%	1.5%	1.6%	1.0%	-0.6%	-2.2%	-4.2%	-5.7%	33.6%	31.9%	9.6%	7.1%	-24.2%	-23.2%	-8.9%	-9.7%	-12.0%	-12.5%	-10.9%	-7.1%	-7.08%
ROA	0.1%	0.6%	0.7%	0.4%	-0.3%	-0.9%	-1.8%	-2.4%	15.4%	14.6%	4.4%	3.2%	-8.9%	-8.5%	-3.3%	-3.6%	-3.6%	-3.8%	-3.3%	-2.1%	-2.13%
ROIC	0.9%	0.9%	1.1%	0.2%	-1.0%	-1.7%	-2.0%	-2.0%	-2.3%	-2.1%	-14.3%	-14.5%	-6.5%	-5.8%	-0.1%	0.4%	-0.7%	-0.8%	-0.4%	-0.3%	-0.34%
ROCE	1.3%	1.2%	0.4%	-0.7%	-1.9%	-2.8%	-2.2%	-2.0%	-1.9%	-1.4%	-12.9%	-13.0%	-5.3%	-4.6%	0.5%	0.2%	0.2%	-0.0%	0.3%	2.1%	2.12%
Gross Margin	32.8%	30.8%	28.8%	29.0%	28.1%	27.3%	33.4%	25.9%	26.1%	30.1%	37.5%	32.0%	28.4%	36.9%	30.9%	32.2%	31.8%	35.0%	33.7%	27.1%	27.13%
Operating Margin	4.9%	-2.5%	4.0%	-4.6%	-8.0%	-9.8%	0.7%	-4.8%	-10.9%	-5.3%	-65.7%	-3.9%	0.0%	5.3%	-2.2%	1.9%	-13.4%	4.0%	3.1%	2.3%	2.27%
Net Margin	1.2%	3.0%	0.5%	-1.1%	-4.8%	-3.7%	-7.3%	-6.5%	1.8%	-9.9%	-62.6%	-11.0%	-8.7%	-2.9%	-12.3%	-14.1%	-21.5%	-4.8%	-5.4%	2.2%	2.16%
EBITDA Margin	20.1%	16.3%	16.9%	15.9%	10.4%	11.9%	20.5%	13.7%	9.9%	19.5%	-35.8%	27.8%	29.3%	36.7%	31.2%	24.0%	29.7%	33.9%	31.9%	45.0%	44.96%
FCF Margin	-6.4%	-11.7%	-11.9%	-14.1%	-20.1%	-21.5%	-22.8%	-27.7%	-31.2%	-30.3%	-26.7%	-25.5%	-19.9%	-15.8%	-12.7%	-7.0%	-2.7%	1.9%	3.2%	28.6%	28.56%
OCF Margin	32.2%	27.7%	26.4%	23.2%	21.0%	19.9%	20.5%	17.5%	14.4%	15.6%	13.9%	13.3%	16.1%	15.9%	16.7%	18.6%	20.1%	22.3%	23.1%	33.9%	33.93%
ROE 3Y Avg	snapshot only																				-3.34%
ROE 5Y Avg	snapshot only																				-2.90%
ROA 3Y Avg	snapshot only																				-0.62%
ROIC 3Y Avg	snapshot only																				0.23%
ROIC Economic	snapshot only																				-0.30%
Cash ROA	snapshot only																				10.14%
Cash ROIC	snapshot only																				14.98%
CROIC	snapshot only																				12.61%
NOPAT Margin	snapshot only																				-0.77%
Pretax Margin	snapshot only																				-4.83%
R&D / Revenue	snapshot only																				3.66%
SGA / Revenue	snapshot only																				21.56%
SBC / Revenue	snapshot only																				1.12%

Valuation

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
P/E Ratio	908.94	109.82	117.82	156.75	-234.31	-42.41	-21.69	-17.12	2.40	3.73	7.41	15.32	-2.13	-1.57	-3.88	-2.56	-2.36	-3.21	-7.38	-13.38	-28.642
P/S Ratio	1.49	1.58	1.72	1.37	1.51	0.95	0.93	0.97	1.02	1.39	0.69	0.92	0.53	0.35	0.34	0.24	0.30	0.42	0.84	0.98	2.194
P/B Ratio	1.43	1.54	1.72	1.40	1.38	0.87	0.87	0.92	0.68	1.00	0.60	0.91	0.45	0.32	0.31	0.22	0.30	0.42	0.85	1.00	2.125
P/FCF	-23.14	-13.52	-14.52	-9.73	-7.51	-4.41	-4.06	-3.49	-3.27	-4.59	-2.59	-3.61	-2.68	-2.20	-2.68	-3.44	-11.12	21.74	26.31	3.44	3.439
P/OCF	4.61	5.71	6.52	5.92	7.20	4.78	4.53	5.53	7.08	8.89	4.97	6.90	3.31	2.19	2.03	1.30	1.49	1.89	3.64	2.90	2.895
EV/EBITDA	11.91	12.37	13.53	12.52	17.25	14.49	13.17	13.90	11.21	11.89	-28.56	52.61	22.02	11.74	5.14	4.99	5.28	5.76	7.11	6.43	6.432
EV/Revenue	2.33	2.41	2.53	2.16	2.56	2.00	1.96	1.99	1.58	1.91	1.12	1.30	1.87	1.59	1.61	1.51	1.61	1.71	2.13	2.26	2.261
EV/EBIT	89.70	97.87	305.66	-168.83	-56.97	-30.83	-39.96	-43.43	-32.00	-56.73	-4.26	-5.61	-10.10	-10.67	91.45	196.02	273.70	-15935.82	224.40	35.81	35.809
EV/FCF	-36.24	-20.60	-21.34	-15.34	-12.75	-9.30	-8.56	-7.17	-5.07	-6.31	-4.20	-5.09	-9.42	-10.06	-12.69	-21.45	-59.51	88.54	66.60	7.92	7.917
Earnings Yield	0.1%	0.9%	0.8%	0.6%	-0.4%	-2.4%	-4.6%	-5.8%	41.7%	26.8%	13.5%	6.5%	-46.9%	-63.7%	-25.8%	-39.1%	-42.4%	-31.2%	-13.5%	-7.5%	-7.48%
FCF Yield	-4.3%	-7.4%	-6.9%	-10.3%	-13.3%	-22.7%	-24.6%	-28.6%	-30.6%	-21.8%	-38.6%	-27.7%	-37.4%	-45.4%	-37.4%	-29.0%	-9.0%	4.6%	3.8%	29.1%	29.07%
PEG Ratio	snapshot only																				34.435
Price/Tangible Book	snapshot only																				16.355
EV/OCF	snapshot only																				6.665
EV/Gross Profit	snapshot only																				7.083
Shareholder Yield	snapshot only																				0.34%

Leverage & Solvency

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
Current Ratio	1.40	1.40	1.40	1.40	1.50	1.50	1.50	1.50	2.35	2.35	2.35	2.35	2.68	2.68	2.68	2.68	1.72	1.72	1.72	1.72	1.722
Quick Ratio	0.92	0.92	0.92	0.92	1.25	1.25	1.25	1.25	2.07	2.07	2.07	2.07	2.44	2.44	2.44	2.44	1.55	1.55	1.55	1.55	1.547
Debt/Equity	0.93	0.93	0.93	0.93	1.08	1.08	1.08	1.08	0.73	0.73	0.73	0.73	1.52	1.52	1.52	1.52	1.65	1.65	1.65	1.65	1.650
Net Debt/Equity	0.81	0.81	0.81	0.81	0.97	0.97	0.97	0.97	0.38	0.38	0.38	0.38	1.14	1.14	1.14	1.14	1.30	1.30	1.30	1.30	1.296
Debt/Assets	0.41	0.41	0.41	0.41	0.45	0.45	0.45	0.45	0.36	0.36	0.36	0.36	0.47	0.47	0.47	0.47	0.49	0.49	0.49	0.49	0.486
Debt/EBITDA	4.98	4.91	4.99	5.29	7.96	8.55	7.77	7.99	7.73	6.27	-21.29	29.69	20.99	12.21	5.40	5.57	5.46	5.53	5.48	4.63	4.631
Net Debt/EBITDA	4.31	4.25	4.32	4.58	7.10	7.62	6.93	7.12	3.98	3.23	-10.97	15.30	15.76	9.17	4.06	4.18	4.29	4.34	4.30	3.64	3.638
Interest Coverage	1.79	1.92	0.75	-1.32	-3.69	-5.41	-4.39	-3.70	-4.71	-1.21	-5.54	-3.10	-1.98	-1.53	0.17	0.08	0.06	-0.00	0.11	0.78	0.777
Equity Multiplier	2.27	2.27	2.27	2.27	2.43	2.43	2.43	2.43	2.02	2.02	2.02	2.02	3.25	3.25	3.25	3.25	3.39	3.39	3.39	3.39	3.392
Cash Ratio	snapshot only																				0.962
Debt Service Coverage	snapshot only																				4.326
Cash to Debt	snapshot only																				0.215
FCF to Debt	snapshot only																				0.175
Defensive Interval	snapshot only																				558.0 days

Efficiency & Turnover

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
Asset Turnover	0.44	0.45	0.46	0.47	0.41	0.41	0.42	0.43	0.36	0.39	0.47	0.54	0.36	0.38	0.38	0.38	0.28	0.29	0.29	0.29	0.291
Inventory Turnover	4.96	4.99	5.13	5.30	6.39	6.48	6.51	6.66	7.87	8.41	9.80	11.02	9.90	10.46	10.49	10.47	9.90	10.07	10.01	10.27	10.273
Receivables Turnover	7.93	8.07	8.26	8.43	10.36	10.38	10.62	10.73	9.44	10.19	12.26	14.03	8.63	9.32	9.12	9.11	7.55	7.63	7.66	7.71	7.713
Payables Turnover	9.52	9.57	9.86	10.18	9.88	10.02	10.06	10.29	7.77	8.31	9.68	10.89	10.39	10.98	11.01	10.99	10.99	11.17	11.10	11.40	11.396
DSO	46	45	44	43	35	35	34	34	39	36	30	26	42	39	40	40	48	48	48	47	47.3 days
DIO	74	73	71	69	57	56	56	55	46	43	37	33	37	35	35	35	37	36	36	36	35.5 days
DPO	38	38	37	36	37	36	36	35	47	44	38	34	35	33	33	33	33	33	33	32	32.0 days
Cash Conversion Cycle	81	80	78	76	55	55	54	53	38	35	29	26	44	41	42	42	52	51	51	51	50.8 days
Fixed Asset Turnover	snapshot only																				0.590
Operating Cycle	snapshot only																				82.9 days
Cash Velocity	snapshot only																				2.863
Capital Intensity	snapshot only																				3.347

Growth (YoY)

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
Revenue	-2.3%	-0.3%	3.8%	6.6%	6.9%	5.2%	5.1%	4.0%	6.0%	14.3%	34.5%	52.2%	67.6%	67.7%	36.3%	19.0%	5.5%	-1.4%	1.2%	2.1%	2.07%
Net Income	18.4%	30.2%	15.5%	11.1%	-5.2%	-2.6%	-4.1%	-7.7%	70.8%	20.0%	3.9%	2.6%	-2.0%	-2.0%	-2.3%	-2.9%	46.2%	41.6%	-32.2%	21.0%	21.02%
EPS	16.7%	26.0%	14.4%	10.4%	-4.9%	-2.6%	-4.0%	-7.5%	68.7%	16.3%	2.8%	2.0%	-1.6%	-1.7%	-2.2%	-2.8%	48.0%	43.8%	-29.0%	22.6%	22.60%
FCF	55.3%	-5.3%	-9.0%	-1.2%	-2.3%	-93.8%	-1.0%	-1.0%	-64.3%	-60.8%	-57.4%	-40.0%	-6.9%	12.7%	35.5%	67.1%	85.7%	1.1%	1.3%	5.1%	5.14%
EBITDA	15.5%	13.7%	9.5%	-2.0%	-18.8%	-25.3%	-16.6%	-14.0%	0.5%	32.9%	-1.4%	-73.7%	1.1%	41.0%	11.8%	13.6%	2.8%	1.2%	-3.0%	18.4%	18.36%
Op. Income	51.6%	19.7%	72.2%	-75.6%	-2.2%	-3.2%	-3.1%	-13.5%	-1.3%	-28.5%	-6.3%	-6.3%	-4.7%	-4.6%	99.1%	1.1%	89.0%	86.0%	-4.8%	-1.8%	-1.80%
OCF Growth	snapshot only																				86.05%
Asset Growth	snapshot only																				-5.39%
Equity Growth	snapshot only																				-9.38%
Debt Growth	snapshot only																				-1.61%
Shares Change	snapshot only																				2.05%

Growth (CAGR)

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
Revenue 3Y	12.3%	11.6%	9.8%	7.2%	5.3%	3.7%	3.3%	3.2%	3.4%	6.2%	13.6%	19.1%	23.8%	26.3%	24.4%	23.5%	23.3%	23.6%	22.9%	22.7%	22.73%
Revenue 5Y	9.7%	9.8%	9.7%	9.6%	9.1%	8.9%	9.5%	9.7%	9.9%	10.8%	13.3%	14.3%	15.7%	16.4%	15.1%	14.7%	14.4%	14.7%	15.1%	15.4%	15.44%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	-34.4%	1.6%	-2.7%	-6.6%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	-29.9%	9.5%	4.9%	-0.5%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	71.7%	90.6%	71.3%	44.5%	11.5%	2.3%	1.1%	-1.3%	-2.0%	4.1%	—	-39.5%	-6.2%	11.9%	47.6%	49.0%	56.6%	59.7%	55.2%	65.7%	65.67%
EBITDA 5Y	20.4%	14.4%	20.4%	19.7%	16.9%	18.6%	18.6%	23.6%	32.8%	47.1%	—	-7.4%	7.1%	14.9%	31.9%	29.9%	29.2%	28.2%	27.9%	30.9%	30.85%
Gross Profit 3Y	13.4%	17.3%	17.6%	14.6%	9.8%	5.1%	4.2%	1.9%	1.0%	4.9%	15.3%	22.0%	25.9%	29.3%	25.6%	25.9%	28.5%	29.4%	27.7%	27.1%	27.08%
Gross Profit 5Y	9.8%	10.1%	9.6%	8.8%	6.6%	5.8%	7.4%	7.3%	8.8%	12.3%	18.2%	20.5%	21.1%	21.5%	17.6%	16.4%	16.3%	16.5%	17.6%	16.8%	16.83%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	75.2%	—	—	—	—	—
Op. Income 5Y	7.2%	4.5%	6.7%	-23.9%	—	—	—	—	—	—	—	—	—	—	—	10.9%	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	26.6%	34.9%	29.8%	24.1%	15.6%	14.5%	8.2%	2.5%	-5.6%	-7.6%	-7.7%	-10.3%	-1.8%	5.0%	6.7%	14.8%	21.6%	28.4%	27.9%	53.0%	53.04%
OCF 5Y	19.6%	13.3%	10.3%	7.4%	4.2%	-0.9%	4.5%	2.8%	0.5%	10.8%	10.2%	11.7%	16.0%	18.1%	13.6%	15.7%	15.8%	13.2%	12.5%	17.4%	17.44%
Assets 3Y	16.1%	16.1%	16.1%	16.1%	17.7%	17.7%	17.7%	17.7%	16.5%	16.5%	16.5%	16.5%	45.1%	45.1%	45.1%	45.1%	34.2%	34.2%	34.2%	34.2%	34.22%
Assets 5Y	17.3%	17.3%	17.3%	17.3%	16.7%	16.7%	16.7%	16.7%	17.8%	17.8%	17.8%	17.8%	33.1%	33.1%	33.1%	33.1%	25.9%	25.9%	25.9%	25.9%	25.90%
Equity 3Y	8.6%	8.6%	8.6%	8.6%	11.4%	11.4%	11.4%	11.4%	23.6%	23.6%	23.6%	23.6%	28.8%	28.8%	28.8%	28.8%	20.0%	20.0%	20.0%	20.0%	20.02%
Book Value 3Y	2.7%	1.3%	1.3%	1.6%	4.3%	4.2%	4.6%	4.4%	15.7%	8.2%	0.8%	1.2%	5.8%	7.1%	7.0%	7.0%	-0.3%	-0.5%	-0.2%	0.1%	0.12%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
Revenue Stability	0.88	0.89	0.91	0.93	0.89	0.86	0.86	0.86	0.87	0.92	0.84	0.70	0.61	0.60	0.72	0.75	0.74	0.75	0.87	0.88	0.884
Earnings Stability	0.04	0.01	0.03	0.06	0.01	0.01	0.00	0.02	0.48	0.48	0.41	0.25	0.02	0.02	0.07	0.16	0.14	0.15	0.37	0.34	0.340
Margin Stability	0.93	0.93	0.92	0.91	0.91	0.93	0.95	0.96	0.97	0.94	0.92	0.90	0.91	0.91	0.96	0.95	0.93	0.92	0.95	0.95	0.950
Rev. Growth Consistency	0.00	0.00	1.00	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.00	0.50	0.500
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.500
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	0.02	0.03	0.02	0.01	-0.01	-0.03	-0.05	-0.06	0.29	0.27	0.09	0.08	-0.35	-0.33	-0.10	-0.09	-0.16	-0.16	-0.12	-0.06	-0.062
Gross Margin Trend	0.03	0.03	0.02	0.00	-0.01	-0.02	-0.01	-0.01	-0.02	-0.01	0.01	0.03	0.04	0.05	0.02	0.02	0.03	0.01	0.02	-0.00	-0.003
FCF Margin Trend	0.09	0.03	0.00	-0.03	-0.10	-0.10	-0.11	-0.17	-0.18	-0.14	-0.09	-0.05	0.06	0.10	0.12	0.20	0.23	0.25	0.23	0.45	0.448
Sustainable Growth Rate	0.2%	1.5%	1.6%	1.0%	—	—	—	—	33.6%	31.9%	9.6%	7.1%	—	—	—	—	—	—	—	—	—
Internal Growth Rate	0.1%	0.7%	0.7%	0.4%	—	—	—	—	18.2%	17.1%	4.6%	3.3%	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
OCF/Net Income	197.02	19.23	18.08	26.48	-32.55	-8.88	-4.79	-3.09	0.34	0.42	1.49	2.22	-0.64	-0.72	-1.91	-1.96	-1.58	-1.70	-2.03	-4.62	-4.620
FCF/OCF	-0.20	-0.42	-0.45	-0.61	-0.96	-1.08	-1.12	-1.58	-2.17	-1.94	-1.92	-1.91	-1.24	-0.99	-0.76	-0.38	-0.13	0.09	0.14	0.84	0.842
FCF/Net Income	snapshot only																				-3.889
OCF/EBITDA	snapshot only																				0.965
CapEx/Revenue	38.7%	39.4%	38.3%	37.3%	41.1%	41.4%	43.3%	45.2%	45.5%	45.9%	40.6%	38.8%	35.9%	31.6%	29.3%	25.7%	22.8%	20.3%	19.9%	5.4%	5.37%
CapEx/Depreciation	snapshot only																				0.186
Accruals Ratio	-0.14	-0.12	-0.11	-0.10	-0.09	-0.09	-0.10	-0.10	0.10	0.08	-0.02	-0.04	-0.15	-0.15	-0.10	-0.11	-0.09	-0.10	-0.10	-0.12	-0.120
Sloan Accruals	snapshot only																				-0.145
Cash Flow Adequacy	snapshot only																				6.322

Dividends & Buybacks

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	—	—	—	—	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—	—	—	—
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	3.7%	41.6%	42.7%	1.1%	—	—	—	—	4.3%	4.7%	5.9%	5.2%	—	—	—	—	—	—	—	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.4%	0.4%	0.4%	0.7%	0.6%	1.0%	2.3%	1.9%	1.8%	1.3%	0.8%	0.3%	0.5%	0.7%	0.8%	0.5%	0.4%	0.5%	0.3%	0.3%	0.34%
Net Buyback Yield	-4.8%	-4.4%	0.4%	0.7%	0.6%	1.0%	2.3%	1.9%	1.8%	1.3%	0.4%	0.0%	0.1%	0.1%	0.1%	-0.4%	-0.3%	-0.0%	0.1%	0.2%	0.15%
Total Shareholder Return	-4.8%	-4.4%	0.4%	0.7%	0.6%	1.0%	2.3%	1.9%	1.8%	1.3%	0.4%	0.0%	0.1%	0.1%	0.1%	-0.4%	-0.3%	-0.0%	0.1%	0.2%	0.15%

DuPont Factors

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
Tax Burden (NI/EBT)	0.14	1.35	-3.84	-0.37	0.14	0.34	0.88	1.13	-6.69	-5.77	-0.30	-0.20	0.90	0.91	1.02	1.09	1.08	1.08	1.09	1.52	1.521
Interest Burden (EBT/EBIT)	0.46	0.43	-0.46	1.87	1.03	1.00	0.99	1.10	1.29	1.92	1.19	1.32	1.50	1.64	-4.87	-11.24	-20.06	1125.62	-10.99	-0.76	-0.765
EBIT Margin	0.03	0.02	0.01	-0.01	-0.04	-0.06	-0.05	-0.05	-0.05	-0.03	-0.26	-0.23	-0.19	-0.15	0.02	0.01	0.01	-0.00	0.01	0.06	0.063
Asset Turnover	0.44	0.45	0.46	0.47	0.41	0.41	0.42	0.43	0.36	0.39	0.47	0.54	0.36	0.38	0.38	0.38	0.28	0.29	0.29	0.29	0.291
Equity Multiplier	2.34	2.34	2.34	2.34	2.35	2.35	2.35	2.35	2.19	2.19	2.19	2.19	2.72	2.72	2.72	2.72	3.32	3.32	3.32	3.32	3.317

Per Share

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
EPS (Diluted TTM)	$0.05	$0.45	$0.47	$0.28	$-0.21	$-0.72	$-1.39	$-1.85	$14.10	$11.06	$2.49	$1.82	$-8.49	$-8.10	$-3.08	$-3.33	$-4.42	$-4.55	$-3.97	$-2.58	$-2.58
Book Value/Share	$33.69	$32.29	$31.97	$31.81	$35.31	$35.18	$34.77	$34.49	$49.72	$41.07	$30.71	$30.57	$39.93	$39.70	$39.14	$38.97	$34.97	$34.61	$34.61	$34.61	$35.56
Tangible Book/Share	$27.65	$26.50	$26.24	$26.11	$26.14	$26.04	$25.74	$25.53	$41.20	$34.03	$25.44	$25.33	$4.02	$4.00	$3.94	$3.92	$2.13	$2.11	$2.11	$2.11	$2.11
Revenue/Share	$32.33	$31.54	$31.97	$32.48	$32.34	$32.28	$32.61	$32.69	$33.23	$29.65	$26.68	$30.38	$34.03	$36.58	$35.26	$35.07	$34.71	$34.69	$34.83	$35.08	$35.45
FCF/Share	$-2.08	$-3.69	$-3.79	$-4.58	$-6.50	$-6.95	$-7.45	$-9.06	$-10.36	$-8.98	$-7.13	$-7.74	$-6.76	$-5.77	$-4.46	$-2.47	$-0.94	$0.67	$1.11	$10.02	$10.12
OCF/Share	$10.42	$8.73	$8.45	$7.52	$6.78	$6.41	$6.68	$5.72	$4.78	$4.64	$3.71	$4.05	$5.47	$5.81	$5.89	$6.53	$6.97	$7.72	$8.05	$11.90	$12.03
Cash/Share	$4.24	$4.06	$4.02	$4.00	$4.16	$4.15	$4.10	$4.07	$17.54	$14.49	$10.83	$10.78	$15.10	$15.02	$14.81	$14.74	$12.38	$12.25	$12.25	$12.25	$10.34
EBITDA/Share	$6.32	$6.14	$5.98	$5.61	$4.80	$4.46	$4.84	$4.67	$4.68	$4.77	$-1.05	$0.75	$2.89	$4.94	$11.02	$10.63	$10.57	$10.33	$10.43	$12.33	$12.33
Debt/Share	$31.46	$30.15	$29.86	$29.71	$38.24	$38.10	$37.65	$37.35	$36.19	$29.89	$22.35	$22.25	$60.69	$60.35	$59.49	$59.24	$57.72	$57.12	$57.12	$57.12	$57.12
Net Debt/Share	$27.22	$26.09	$25.83	$25.70	$34.08	$33.95	$33.55	$33.28	$18.65	$15.40	$11.52	$11.46	$45.58	$45.33	$44.69	$44.50	$45.34	$44.87	$44.87	$44.87	$44.87

Per Employee

Metric	Trend	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
Employee Count		snapshot only																				0

Academic Models

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.677
Altman Z-Prime	snapshot only																				1.013
Piotroski F-Score	6	6	5	6	4	4	5	4	5	7	8	8	6	6	4	5	5	4	4	4	4
Beneish M-Score	-3.40	-3.13	-3.21	-3.15	-2.48	-2.46	-2.69	-2.33	-1.84	-1.96	-2.67	-2.42	-1.15	-1.24	-0.41	-0.78	-3.22	-3.17	-3.21	-3.18	-3.184
Ohlson O-Score	snapshot only																				-6.709
ROIC (Greenblatt)	snapshot only																				3.23%
Net-Net WC	snapshot only																				$-60.16
EVA	snapshot only																				$-1081306240.00

Credit

Metric	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Current
Credit Rating	snapshot only																				B
Credit Score	33.52	33.24	28.91	25.17	20.58	19.80	20.78	20.47	24.42	29.15	32.75	23.70	21.43	21.28	25.58	25.98	23.72	21.91	24.03	26.91	26.910
Credit Grade	snapshot only																				15
Credit Trend	snapshot only																				0.934
Implied Spread (bps)	snapshot only																				750.000
Industry Credit Rank	snapshot only																				11
Sector Credit Rank	snapshot only																				13

VSAT NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

Sign in to InsiderStreet