Telesat Corporation (TSAT)

NASDAQ: TSAT · Real-Time Price · USD

47.11

-1.68 (-3.44%)

At close: Sep 23, 2026, 4:00 PM EDT

47.11

0.00 (0.00%)

After-hours: Sep 23, 2026, 7:30 PM EDT

Telesat Financials Overview

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	361.65	417.96	571.04	704.16	759.17	758.21
Revenue Growth	-26.09%	-26.81%	-18.90%	-7.25%	0.13%	-7.59%
Gross Profit	140.45	210.43	367.98	500.69	500.49	521.26
Operating Income	2.89	59.77	226.58	648.75	294.37	406.3
Net Income	-372.09	-155.35	-87.72	157.12	-23.76	92.53
Earnings Per Share	-25.09	-10.61	-6.29	11.29	-1.93	1.99
EPS Growth	-	-	-	-	-	-59.55%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Geostationary Orbit ("GEO")	355.93	413.06	554.29	693.22
Low Earth Orbit ("LEO")	5.73	4.9	16.76	10.94
Total	361.65	417.96	571.04	704.16

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	383.24	509.8	552.06	1,669	1,678	1,450
Total Debt	3,840	3,534	3,130	3,230	3,884	3,834
Net Cash (Debt)	-3,456	-3,024	-2,578	-1,561	-2,206	-2,384
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-232.80	-206.54	-184.96	-102.12	-179.22	-51.14

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-113.42	66.7	62.46	170.06	239.55	293.5
Capital Expenditures	-624.8	-765.12	-1,110	-126.24	-64.51	-311.67
Free Cash Flow	-738.22	-698.42	-1,048	43.82	175.05	-18.17
Free Cash Flow Growth	-	-	-	-74.97%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	38.83%	50.35%	64.44%	71.10%	65.93%	68.75%
Operating Margin	0.80%	14.30%	39.68%	92.13%	38.78%	53.59%
Pretax Margin	-370.47%	-142.98%	-55.25%	95.56%	-3.98%	30.78%
Profit Margin	-102.89%	-37.17%	-15.36%	22.31%	-3.13%	12.20%
FCF Margin	-204.12%	-167.10%	-183.53%	6.22%	23.06%	-2.40%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 24, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	-	1.19	-	4.71
Forward PE	-	18.85	18.85	-	-	-
P/FCF Ratio	-	-	-	4.28	0.73	-
PS Ratio	12.32	1.41	0.58	0.27	0.17	0.57