Company: VSAT
Filing Date: 2025-05-27
Form Type: 10-K
Source: 0000950170-25-077138
Chunk: 35

Company: VIASAT INC
Filing Date: 2025-05-27
Form: 10-K
Item: Item 6
Chunk 35
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3.9 million increase in space and mission systems.Segment operating profit (loss) 

     Fiscal Years Ended

     Dollar

     Percentage

     (In millions, except percentages)
      
     March 31, 2025

     March 31, 2024

     Increase(Decrease)

     Increase(Decrease)

     Segment operating profit (loss)
      
     $
     216.7

     $
     154.4

     $
     62.3

     40
     %

     Percentage of segment revenues

     18
     %

     14
     %

    The increase in our defense and advanced technologies segment operating profit was primarily due to higher earnings contributions of $67.6 million, mainly driven by increased revenues and improved margins in tactical networking products, with a higher mix of our tactical terrestrial networking product revenues associated with royalty and licensing agreements versus hardware and other product related revenues, as well as lower SG&A costs of $8.0 million. The increase in operating profit was partially offset by a $13.3 million increase in IR&D expenses (primarily related to other advanced technologies products).

59

Fiscal Year 2024 Compared to Fiscal Year 2023Revenues 

     Fiscal Years Ended

     Dollar

     Percentage

     (In millions, except percentages)
      
     March 31, 2024

     March 31, 2023

     Increase(Decrease)

     Increase(Decrease)

     Service revenues
      
     $
     3,004.6

     $
     1,602.0

     $
     1,402.6

     88
     %

     Product revenues

     1,279.2

     954.1

     325.0

     34
     %

     Total revenues
      
     $
     4,283.8

     $
     2,556.2

     $
     1,727.6

     68
     %
    
    Our total revenues grew by $1,727.6 million as a result of a $1,402.6 million increase in service revenues and a $325.0 million increase in product revenues, which increases reflected ten months of contribution from the Inmarsat Acquisition in fiscal year 2024. The service revenue increase was due to increases of $1,362.9 million in our communication services segment and $39.7 million in our defense