卫讯公司 2026年季度报告

FORM 10-Q PART I. FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of Operations and Comprehensive Income (Loss) Note 1 — Basis of Presentation The accompanying condensed consolidated balance sheet at December 31, 2025, the condensed consolidatedstatements of operations and comprehensive income (loss) for the three and nine months ended December 31, 2025and 2024, the condensed consolidated statements of cash flows for the nine months ended December 31, 2025 and2024 and the condensed consolidated statements of equity for the three and nine months ended December 31, 2025and 2024 have been prepared by the management of Viasat, Inc. (also referred to hereafter as the Company or Viasat),and have not been audited. These financial statements have been prepared on the same basis as the auditedconsolidated financial statements for the fiscal year ended March 31, 2025 and, in the opinion of management, include The Company’s condensed consolidated financial statements include the assets, liabilities and results ofoperations of Viasat, its wholly owned subsidiaries and its majority-owned subsidiary, TrellisWare Technologies, Inc.(TrellisWare). All significant intercompany amounts have been eliminated. Investments in entities in which the Company canexercise significant influence, but does not own a majority equity interest or otherwise control, are accounted for usingthe equity method and are included as investment in unconsolidated affiliate in other assets (long-term) in the In December 2025, the Company entered into an agreement to sell all of its interests in the Company's equitymethod investment, Navarino UK, to Sogra Bidco Limited, a subsidiary of ICG. The transaction is expected to close inthe fourth quarter of fiscal year 2026, subject to customary closing conditions, including receipt of regulatory approvals In December 2024, the Company completed the divestiture of its energy services system integration business,which was part of the Company's communication services segment included in the fixed services and other businessline. The energy services system integration business had minimal strategic synergies with the Company’s core growth The preparation of financial statements in conformity with GAAP requires management to make estimates andassumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilitiesat the date of the financial statements, and reported amounts of revenues and expenses during the reporting period.Estimates have been prepared on the basis of the most current and best available information and actual results could Revenue recognition In accordance with the authoritative guidance for revenue from contracts with customers (Accounting StandardsCodification (ASC) 606), the Company applies the five-step model to its contracts with its customers. Under this modelthe Company (1) identifies the contract with the customer, (2) identifies its performance obligations in the contract, (3)determines the transaction price for the contract, (4) allocates the transaction price to its performance obligations and(5) recognizes revenue when or as it satisfies its performance obligations. These performance obligations generally Performance obligations The timing of satisfaction of performance obligations may require judgment. The Company derives a substantialportion of its revenues from contracts with customers for services, primarily consisting of connectivity services. Thesecontracts typically require advance or recurring monthly payments by the customer. The Company’s obligation toprovide connectivity services is satisfied over time as the customer simultaneously receives and consumes the benefitsprovided. The measure of progress over time is based upon either a period of time (e.g., over the estimated contractual The Company also derives a portion of its revenues from contracts with customers to provide products.Performance obligations to provide products are satisfied at the point in time when control is transferred to thecustomer. These contracts typically require payment by the customer upon passage of control and determining thepoint at which control is transferred may require judgment. To identify the point at which control is transferred to thecustomer, the Company considers indicators that include, but are not limited to, whether (1) the Company has the The Company’s contracts with the U.S. Government typically are subject to the Federal Acquisition Regulation(FAR) and are priced based on estimated or actual costs of producing goods or providing services. The FAR providesguidance on the types of costs that are allowable in establishing prices for goods and services provided under U.S.Government contracts. The pricing for non-U.S. Government contracts is based on the specific negotiations with eachcustomer. Under the typical payment terms of the Co