Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed May 27, 2025. A box jumps to the paragraph as filed, below.
7 paragraphs in Risk Factors of the 10-K filed May 29, 2026 with nothing like them in the 10-K filed May 27, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
of our competitors; successfully integrate our complex technologies and system architectures; and implement manufacturing and assembly processes and cost reduction efforts.
We Use AI Technologies in Our Business, and the Use of These Technologies Involve Technological and Legal Risks.
We use artificial intelligence and machine learning technologies (collectively, AI Technologies) in our business, and continue to invest in this area. As with many technological innovations, there are significant risks involved in developing, maintaining and deploying these technologies and there can be no assurance that our usage of or investments in such technologies will enhance our products or services or be beneficial to our business. In particular, if the models underlying our AI Technologies are: incorrectly designed or implemented; trained or reliant on incomplete, inadequate, inaccurate, biased or otherwise poor quality data, or on data to which we do not have the sufficient rights or in relation to which we and/or the providers of such data have not implemented sufficient legal compliance measures; used without sufficient oversight and governance to ensure their responsible use; and/or adversely impacted by unforeseen defects, technical challenges, cybersecurity threats, data privacy concerns, or material performance issues, the performance of our products, services and business, as well as our reputation, could suffer or we could incur liability resulting from the violation of laws or contracts to which we are a party or civil claims.
We are in varying stages of development in relation to our products and services, as well as our internal processes and procedures involving AI Technologies, and we may not be successful in our ongoing development, maintenance and operation of our AI Technologies in the face of unforeseen difficulties, including material performance problems, undetected defects, or errors, as well as other novel and evolving technical, reputational and market factors. We also use AI Technologies licensed from third parties and if any such AI Technologies become incompatible with our solutions or unavailable for use, or if the providers of such models unfavorably change the terms on which their AI Technologies are offered or terminate their relationship with us, we may be unable to continue to use such technologies at the scale we need, our products or services may become less appealing to our customers, we may not be able to meet customer demands, and our business or reputation may be harmed. As we use AI Technologies to develop or assist in the development of our own software code, if the AI Technologies we use generate code that is too similar to other proprietary code, to software processes that are protected by patent, or to open source code, we could be subject to intellectual property infringement claims or risk losing protection of our own proprietary code that is commingled with such code, which could adversely affect our business. Our ability to continue to develop or use AI Technologies may be dependent on access to specific third-party software, services and infrastructure, and we cannot control the availability or pricing of such third-party software and infrastructure, especially in a highly competitive environment.
The regulatory framework for AI Technologies is rapidly evolving as many federal, state and foreign government bodies and agencies have enacted or are currently considering laws and regulations governing AI. Such regulations may impact our ability to develop, use, procure and commercialize AI Technologies in the future. Additionally, existing laws and regulations, including competition, antitrust, data privacy and consumer protection laws, may be interpreted or enforced in ways that would limit our ability to use AI Technologies for our business, or require us to change the way we use AI Technologies in a manner that negatively affects our use, development, or the operation of our AI Technologies. As a result, implementation standards and enforcement practices are likely to remain uncertain for the foreseeable future, and we cannot predict the impact future laws, regulations, or standards, or the market perception of their requirements, may have on our business or how we will respond to these laws or regulations. In addition, if we fail or are perceived to fail to comply with these laws and regulations, we may face lawsuits, investigations, enforcement actions, negative reputational impacts, and other penalties that materially impact our business.
such Notes. Additionally, Viasat’s and Inmarsat’s senior secured credit facilities (collectively, the Credit Facilities) provide for an event of default upon the occurrence of certain specified “change of control” events.
programs supported by contractors may lead to increased legal costs and may harm our reputation and profitability if we are among the targeted companies.
New in the latest 10-Q
13 paragraphs in the 10-Q filed Nov 6, 2026 with nothing like them in the 10-Q filed Aug 6, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
In September 2026, the Company entered into a subscription agreement with Space42 to formally establish Equatys, a shared space and ground infrastructure platform for global direct-to-device and advanced mobile satellite service connectivity. Upon the formation of Equatys, Space42 and the Company will each make an equity commitment to contribute $400.0 million, which is expected to be increased by an additional $200.0 million from Space42 in connection with a potential future equity funding round with one or more third-party investors, which is expected to increase the total equity funding commitments of the Company and Space42 to up to $1.0 billion in the aggregate. The closing of the transaction is subject to customary closing conditions, including regulatory approvals and the appointment of Viasat as the prime technology contractor. The Company currently anticipates that the closing will occur during the third quarter of fiscal year 2027.
Read in the 10-Q
A noncontrolling interest represents the equity interest in a subsidiary that is not attributable, either directly or indirectly, to the Company and is reported as equity of the Company, separate from the Company’s controlling interest. Revenues, expenses, gains, losses, net income (loss) and other comprehensive income (loss) are reported in the condensed consolidated financial statements at the consolidated amounts, which include the amounts attributable to both the controlling and noncontrolling interest.
Read in the 10-Q
The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs") issued by the Financial Accounting Standards Board (FASB). Recently issued ASUs not listed below either were assessed and determined to be not applicable or are currently expected to have no impact on the consolidated financial statements of the Company.
Read in the 10-Q
Total assets measured at fair value on a recurring basis $1,064,475 $1,064,475 $ $
Read in the 10-Q
The following section describes the valuation methodologies the Company uses to measure financial instruments at fair value:
Read in the 10-Q
Goodwill by segments as of September 30, 2026 and March 31, 2026 was as follows:
Read in the 10-Q
Non-U.S. customers (each country individually insignificant) 380,843 361,231 748,963 716,952
Read in the 10-Q
In September 2026, we entered into a subscription agreement with Space42 to formally establish Equatys, a shared space and ground infrastructure platform for global direct-to-device and advanced mobile satellite service connectivity. Upon the formation of Equatys, Space42 and Viasat will each make an equity commitment to contribute $400.0 million to Equatys, which is expected to be increased by an additional $200.0 million from Space42 in connection with a potential future equity funding round with one or more third-party investors, which is expected to increase the total equity funding commitments of Viasat and Space42 to up to $1.0 billion in the aggregate. The closing of the transaction is subject to customary closing conditions, including regulatory approvals and the appointment of Viasat as the prime technology contractor. We currently anticipate that the closing will occur during the third quarter of fiscal year 2027.
Read in the 10-Q
Under ASC 340-40, Other Assets and Deferred Costs - Contracts with Customers, we recognize an asset from the incremental costs of obtaining a contract with a customer if we expect to recover those costs. The incremental costs of obtaining a contract are those costs that we incur to obtain a contract with a customer that we would not have incurred if the contract had not been obtained. ASC 340-40 also requires the recognition of an asset from the costs incurred to fulfill a contract when (1) the costs relate directly to a contract or to an anticipated contract that we can specifically identify, (2) the costs generate or enhance our resources that will be used in satisfying (or in continuing to satisfy) performance obligations in the future, and (3) the costs are expected to be recovered. We recognize an asset related to commission costs incurred primarily in our communication services segment and recognize an asset related to costs incurred to fulfill contracts. Costs to acquire customer contracts are amortized over the estimated customer contract life. Costs to fulfill customer contracts are amortized in proportion to the revenue to which the costs relate. For contracts with an estimated amortization period of less than one year, we expense incremental costs immediately.
Read in the 10-Q
The $3.9 million increase in interest income for the six months ended September 30, 2026 compared to the prior year period was primarily due to a higher average invested balance.
Read in the 10-Q
Our defense and advanced technologies segment operating profit remained relatively flat year-over-year as increases of $7.6 million in IR&D costs mostly related to space and mission systems and $4.0 million in segment SG&A costs were partially offset by $9.2 million in higher earnings contributions.
Read in the 10-Q
In connection with the launch of any new satellite and the commencement of commercial service on the satellite, we expect to incur additional operating costs that negatively impact our financial results. For example, with ViaSat-3 F2 and F3 placed in commercial service in the second quarter of fiscal year 2027, we expect additional operating costs during the ramp-up period prior to service launch and in the fiscal year following service launch.
Read in the 10-Q
Item 5. Other Information On September 1, 2026, Camellia E. FitzGerald, our Chief Accounting Officer, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for the sale of up to 7,437 shares of our common stock if certain price thresholds are met from December 1, 2026 until May 28, 2027.
Read in the 10-Q
Item 1A of the 10-Q filed Nov 6, 2026 against Item 1A of the 10-K filed May 29, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
Two-word phrases in Risk Factors of the 10-K filed May 29, 2026 that are in none of the 1 earlier 10-Ks stored, back to May 27, 2025
Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.
5 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
10-K change: what was reworded or cut, section by section.
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/VSAT/export.csv") into a cell.
