Shares Used In Computing Diluted Net Income (Loss) Per Share

9 Months Ended

Dec. 31, 2025

Shares Used In Computing Diluted Net Income (Loss) Per Share

Note 4 — Shares Used In Computing Diluted Net Income (Loss) Per Share


	Three Months Ended				Nine Months Ended
	December 31, 2025		December 31, 2024		December 31, 2025		December 31, 2024
	(In thousands)
Weighted average:
Shares used in computing basic net income (loss) per share attributable to Viasat, Inc. common stockholders		135,730		128,941		134,148		127,968
Stock options to purchase common stock as determined by application of the treasury stock method		28		—		—		—
Market-based performance stock options and market condition PSUs to purchase common stock as determined by application of the treasury stock method		628		—		—		—
RSUs to acquire common stock as determined by application of the treasury stock method		3,554		—		—		—
Performance condition PSUs to acquire common stock as determined by application of the treasury stock method		156		—		—		—
Potentially issuable shares in connection with certain terms of the Viasat 401(k) Profit Sharing Plan and Employee Stock Purchase Plan		819		—		—		—
Shares used in computing diluted net income (loss) per share attributable to Viasat, Inc. common stockholders		140,915		128,941		134,148		127,968

Antidilutive shares excluded from the calculation for the three months ended December 31, 2025 consisted of 75,586 shares related to stock options (other than market-based performance stock options), 622,973 shares related to market-based performance stock options and market condition PSUs, and 140,113 shares related to RSUs (other than PSUs).

The weighted average number of shares used to calculate basic and diluted net loss per share attributable to Viasat, Inc. common stockholders was the same for the nine months ended December 31, 2025 and three and nine months ended December 31, 2024, as the Company incurred a net loss attributable to Viasat, Inc. common stockholders for such periods and inclusion of potentially dilutive weighted average shares of common stock would be antidilutive.

Potentially dilutive weighted average shares excluded from the calculation for the three months ended December 31, 2024 consisted of 227,792 shares related to stock options (other than market-based performance stock options), 6,323,440 shares related to RSUs (other than PSUs), 323,702 shares related to performance condition PSUs, and 2,198,574 shares related to certain terms of the Viasat 401(k) Profit Sharing Plan and Employee Stock Purchase Plan.

Potentially dilutive weighted average shares excluded from the calculation for the nine months ended December 31, 2025 and 2024 consisted of 135,260 shares and 225,402 shares, respectively, related to stock options (other than market-based performance stock options), 1,383,826 shares and zero shares, respectively, related to market-based performance stock options and market condition PSUs, 4,511,837 shares and 5,622,696 shares, respectively, related to RSUs (other than PSUs), 170,168 shares and 145,329 shares, respectively, related to performance condition PSUs, and 1,395,076 shares and 2,062,866 shares, respectively, related to certain terms of the Viasat 401(k) Profit Sharing Plan and Employee Stock Purchase Plan.