Telesat Corporation (TSAT)
NASDAQ: TSAT · Real-Time Price · USD
38.26
-1.12 (-2.84%)
Jul 24, 2026, 10:14 AM EDT - Market open

Telesat Financials Overview

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
388.27417.96571.04704.16759.17758.21
Revenue Growth
-27.51%-26.81%-18.90%-7.25%0.13%-7.59%
Gross Profit
177.88210.43367.98500.69500.49521.26
Operating Income
33.9259.77226.58648.75294.37406.3
Net Income
-185.31-155.35-87.72157.12-23.7692.53
Earnings Per Share
-12.53-10.61-6.2911.29-1.931.99
EPS Growth
------59.55%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023
Period EndingMar '26 Dec '25 Dec '24 Dec '23
Geostationary Orbit ("GEO")
383.55413.06554.29693.22
Low Earth Orbit ("LEO")
4.714.916.7610.94
Total
388.27417.96571.04704.16

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
522.73509.8552.061,6691,6781,450
Total Debt
3,7013,5343,1303,2303,8843,834
Net Cash (Debt)
-3,178-3,024-2,578-1,561-2,206-2,384
Net Cash Growth
------
Net Cash Per Share
-214.90-206.54-184.96-102.12-179.22-51.14

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-68.666.762.46170.06239.55293.5
Capital Expenditures
-647.75-765.12-1,110-126.24-64.51-311.67
Free Cash Flow
-716.35-698.42-1,04843.82175.05-18.17
Free Cash Flow Growth
----74.97%--

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
45.81%50.35%64.44%71.10%65.93%68.75%
Operating Margin
8.74%14.30%39.68%92.13%38.78%53.59%
Pretax Margin
-182.18%-142.98%-55.25%95.56%-3.98%30.78%
Profit Margin
-47.73%-37.17%-15.36%22.31%-3.13%12.20%
FCF Margin
-184.50%-167.10%-183.53%6.22%23.06%-2.40%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
---1.19-4.71
Forward PE
-18.8518.85---
P/FCF Ratio
---4.280.73-
PS Ratio
9.431.410.580.270.170.57