Viasat
29 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.
Customers
U.S. Government
earns from · approximately 16%, 18% and 17% of total revenues for fiscal years 2026, 2025 and 2024named as a riskRevenues from the U.S. Government as an individual customer comprised approximately 16%, 18% and 17% of total revenues for fiscal years 2026, 2025 and 2024, respectively.Business (Item 1)
Also named by ADI, AIR, APH, ASTS, ATI, AVAV, AWK, BA and 46 more
Commercial airlines
earns from · approximately 4,580 commercial aircraftnamed as a riskHowever, due to the nature of commercial airline contracts and other factors such as increased competition and original equipment manufacturer (OEM) delays, there can be no assurance that anticipated IFC services will be activated on all such additional commercial aircraft.Business (Item 1)
Five largest contracts
concentrated in · approximately 19% of our total revenues in fiscal year 2026named as a riskOur five largest contracts generated approximately 19% of our total revenues in fiscal year 2026.Risk factors (Item 1A)
Suppliers
Sole source suppliers
depends onnamed as a riskIn addition, some components, subassemblies and services necessary for the manufacture of our products are obtained from a sole source supplier or a limited group of suppliers.Risk factors (Item 1A)
Also named by AVAV, AYI, BA, BDX, HII, IONQ, KMB, LHX and 6 more
Contract manufacturers
depends onnamed as a riskTherefore, our internal manufacturing capacity has been, and is expected to continue to be, very limited and we intend to continue to rely on contract manufacturers to produce the majority of our products.Risk factors (Item 1A)
Also named by AIOT, COHR, CSCO, DELL, GNRC, GOOG, HROW, KEYS and 6 more
Partners and platforms
Telesat Canada
depends onnamed as a riskAccordingly, we are reliant upon ManSat Limited and Telesat Canada maintaining their respective governmental rights on which our operating rights are based.Business (Item 1)
ManSat Limited
depends onnamed as a riskOur ViaSat-1 satellite operates under authority granted to ManSat Limited by the governments of the Isle of Man and the United Kingdom (as well as authority from the FCC), and pursuant to contractual arrangements we have with ManSat Limited that extend past the expected useful life of ViaSat-1.Business (Item 1)
Other companies
Development contracts
earns from · approximately 11% of our total revenues for fiscal year 2026named as a riskWe derived approximately 11% of our total revenues for fiscal year 2026 from these development contracts.Risk factors (Item 1A)
Inmarsat
approximately $550.7 million in cash and 46.36 million shares of our common stocknamed as a riskOn May 30, 2023, we completed the acquisition of Connect Topco Limited, a private company limited by shares and incorporated in Guernsey (Inmarsat Holdings and, together with its subsidiaries, Inmarsat), in exchange for approximately $550.7 million in cash and 46.36 million shares of our common stock (the Inmarsat Acquisition).Business (Item 1)
Competitors
Starlink (SpaceX)
competes withnamed as a riskFor example, the traditional GEO satellite communications industry is experiencing significant disruption from customers' increasing adoption of LEO services, including Starlink, as well as increased reliance on other forms of data transmission, including Wi-Fi and cellular data services.Risk factors (Item 1A)
KVH
competes withOur maritime service offerings compete against KVH, SES, SpaceX and Speedcast, among others.Business (Item 1)
Places
International sales
earns from · Approximately 32% of our total revenues in fiscal year 2026named as a riskApproximately 32% of our total revenues in fiscal year 2026 were derived from international sales.Risk factors (Item 1A)
Also named by AEHR, AMD, AME, ATI, AVAV, CRS, ENTG, FSS and 5 more
United States fixed broadband
earns from · approximately 130,000 subscribersAs of March 31, 2026, our U.S. fixed broadband business had approximately 130,000 subscribers with an average monthly revenue per user of $113.Business (Item 1)
Hazards
Satellite anomalies and space environment
named as a riskAny single anomaly or other operational failure or degradation could have a material adverse effect on our business, financial condition and results of operations.Risk factors (Item 1A)
KA-SAT network cyberattack
named as a riskFor example, in fiscal year 2022, a cyberattack involving our KA-SAT network resulted in a partial interruption of consumer-oriented fixed broadband services in Europe and North Africa.Risk factors (Item 1A)
Commodities and inputs
SOFR
exposed to its price · approximately $21.1 million over a 12-month periodnamed as a riskAccordingly, assuming the outstanding balance under the 2022 Term Loan Facility, the 2023 Term Loan Facility and the Inmarsat Term Loan Facility remained constant over a year and we continued to have no outstanding borrowings under the Revolving Credit Facilities, a 10% increase in the interest rates would increase interest incurred, prior to effects of capitalized interest, by approximately $21.1 million over a 12-month period.Market risk (Item 7A)
Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more
Regulators
United Kingdom
subject tonamed as a riskViaSat-2 and various Inmarsat satellites operate, and ViaSat-3 F2 and ViaSat-3 F3 will operate, under the authority of the United Kingdom.Business (Item 1)
Also named by AGX, AJG, AMP, BAC, BF/B, BGC, BRO, C and 59 more
Office of Foreign Assets Control (OFAC)
subject tonamed as a riskWe cannot provide certain products and services to certain countries or persons subject to U.S. trade sanctions unless we first obtain the necessary authorizations from OFAC.Risk factors (Item 1A)
Also named by ABNB, ADP, AIG, APP, BMI, BMNR, BPOP, CAT and 46 more
Federal Communications Commission (FCC)
subject tonamed as a riskThe commercial use of RF spectrum in the United States is subject to the jurisdiction of the Federal Communications Commission (FCC) under the Communications Act of 1934, as amended (Communications Act).Business (Item 1)
Also named by AIOT, AMT, ANET, ASTS, CCI, CMCSA, DIS, ECHO and 26 more
Defense Contract Audit Agency (DCAA)
subject tonamed as a riskAs a government contractor, we are routinely subject to audit and review by the DCMA, the DCAA and other U.S. Government agencies of our performance on government contracts, indirect rates and pricing practices, accounting and management internal control business systems, and compliance with applicable contracting and procurement laws, regulations and standards.Risk factors (Item 1A)
Also named by ACN, BA, CACI, CDRE, FLR, HII, KTOS, LDOS and 6 more
International Telecommunication Union (ITU)
subject tonamed as a riskThe orbital location and frequencies for our satellites are subject to the ITU’s regulations, including its frequency registration and coordination procedures, and its various provisions on spectrum usage.Business (Item 1)
UK Department for Business, Energy and Industrial Strategy
subject tonamed as a riskWe are also subject to audit from time to time by other governments, including by the UK Government in respect of the package of economic undertakings agreed to by us and Inmarsat with the UK Government’s Department for Business, Energy and Industrial Strategy in March 2022, and an adverse review may impact our business, financial condition and results of operations.Risk factors (Item 1A)
Federal Aviation Administration (FAA)
subject toOur commercial aviation business depends on our ability to interact with the FAA, comparable foreign agencies and ODAs, as well as certified engineering professionals, in order to access data and obtain authorizations and approvals.Business (Item 1)
Also named by ACHR, AIR, ALK, AMT, AVAV, BA, BRK/B, CCI and 27 more
Laws and programs
Universal Service Fund
subject to · 37.0%This percentage is set each calendar quarter by the FCC, and currently is 37.0%.Business (Item 1)
Connect America Fund (CAF)
earns from · $122.5 millionAdditionally, Viasat has been awarded $122.5 million in support under the CAF program to serve certain portions of the country, and must comply with federal and state obligations imposed in connection with such support.Business (Item 1)
General Data Protection Regulation (GDPR)
subject tonamed as a riskFor instance, certain of our business units are subject to the European Union’s (EU) General Data Protection Regulation and the United Kingdom (UK) General Data Protection Regulation and Data Protection Act 2018 (collectively referred to as the GDPR), which imposes transparency, accountability, data security, cross-border data transfer, and other obligations on Viasat both as a data controller and a data processor of the personal data of individuals in the EU.Business (Item 1)
Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more
International Traffic in Arms Regulations (ITAR)
subject tonamed as a riskThe export of certain satellite hardware, software services and technical data relating to satellites is regulated by the U.S. Department of State under ITAR.Risk factors (Item 1A)
Also named by ACHR, ADI, AIR, ALSN, APH, AVAV, CDRE, CLS and 29 more
Broadband Equity, Access, and Deployment (BEAD) program
subject tonamed as a riskSupport mechanisms could provide other service providers a competitive advantage in providing broadband services in supported areas, which could have a material adverse effect on our business, financial condition, and results of operations.Business (Item 1)