Viasat (VSAT) stock is soaring 5.03% in Tuesday's pre-market trading following the release of its fiscal year 2025 results, which demonstrated a significant turnaround in the company's financial performance. The global communications technology provider has successfully transformed its bottom line, swinging from a loss to a substantial profit.

According to the annual report, Viasat reported a net income of $42 million for the fiscal year ending March 31, 2025, a remarkable improvement from the $25 million loss recorded in the previous year. This positive shift was primarily driven by two factors: a reduced loss from continuing operations, which narrowed to $12 million from $24 million, and a significant $51 million net income contribution from discontinued operations.

While specific revenue figures were not detailed in the report, Viasat highlighted its ongoing focus on expanding global communications technologies and services. The company acknowledged increased operating costs associated with the ramp-up period before launching new services, including expenses related to depreciation, amortization, marketing, logistics, and customer support systems. Despite these short-term cost increases, investors appear optimistic about Viasat's future prospects, as reflected in the stock's upward movement.