Company: VSAT
Filing Date: 2025-05-27
Form Type: 10-K
Source: 0000950170-25-077138
Chunk: 30

Company: VIASAT INC
Filing Date: 2025-05-27
Form: 10-K
Item: Item 6
Chunk 30
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 technologies segment, partially offset by a $66.9 million decrease in our communication services segment.

55

Cost of revenues  

     Fiscal Years Ended

     Dollar

     Percentage

     (In millions, except percentages)
      
     March 31, 2025

     March 31, 2024

     Increase(Decrease)

     Increase(Decrease)

     Cost of service revenues
      
     $
     2,091.7

     $
     1,928.7

     $
     163.0

     8
     %

     Cost of product revenues

     937.9

     973.4

     (35.5
     )

     (4
     )%

     Total cost of revenues
      
     $
     3,029.6

     $
     2,902.1

     $
     127.5

     4
     %
    
    Cost of revenues increased by $127.5 million due to a $163.0 million increase in cost of service revenues, partially offset by a $35.5 million decrease in cost of product revenues. The increase in cost of service revenues was primarily due to increased service revenues, mainly driven by our communication services segment, resulting in a $142.0 million increase in cost of service revenues on a constant margin basis, as well as lower margins primarily in our defense and advanced technologies segment. The cost of product revenue decrease was primarily attributable to higher margins, mainly in our defense and advanced technologies segment, due to a higher mix of our product revenues associated with royalty and licensing agreements versus hardware and other product related revenues.Selling, general and administrative expenses  

     Fiscal Years Ended

     Dollar

     Percentage

     (In millions, except percentages)
      
     March 31, 2025

     March 31, 2024

     Increase(Decrease)

     Increase(Decrease)

     Selling, general and administrative
      
     $
     1,181.1

     $
     1,893.7

     $
     (712.6
     )

     (38
     )%
    
    We experienced net losses of $905.5 million related to satellite impairment, including liabilities associated with the termination of certain subcontractor agreements, net of estimated insurance claim receivables in fiscal year 2024, and $169.4 million impairment related to ground network as a result of our exit activities from certain locations in EMEA markets