Telesat Corporation (TSAT)
NASDAQ: TSAT · Real-Time Price · USD
43.40
+0.58 (1.35%)
Aug 31, 2026, 4:00 PM EDT - Market closed
Telesat Balance Sheet
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Assets
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 |
Cash & Equivalents | 383.24 | 509.8 | 552.06 | 1,669 | 1,678 | 1,450 |
Cash & Short-Term Investments | 383.24 | 509.8 | 552.06 | 1,669 | 1,678 | 1,450 |
Cash Growth | -29.99% | -7.66% | -66.92% | -0.52% | 15.74% | 77.13% |
Accounts Receivable | 54.53 | 30.56 | 48.28 | 47.56 | 29.25 | 95.54 |
Other Receivables | 19.43 | 33.81 | 139.91 | 47.24 | 30.41 | 30.38 |
Receivables | 73.95 | 64.37 | 188.18 | 94.8 | 59.66 | 125.92 |
Inventory | - | 1.49 | 1.46 | 4.32 | 2.02 | 16.98 |
Prepaid Expenses | 256.31 | 13.69 | 6.6 | 6.61 | 14.34 | 6.43 |
Other Current Assets | 0.56 | 242.71 | 272.97 | 41.88 | 34.47 | 18.51 |
Total Current Assets | 714.06 | 832.06 | 1,021 | 1,817 | 1,788 | 1,617 |
Property, Plant & Equipment | 3,068 | 2,717 | 2,277 | 1,260 | 1,364 | 1,430 |
Goodwill | 2,199 | 2,215 | 2,613 | 2,447 | 2,447 | 2,447 |
Other Intangible Assets | 428.88 | 442.28 | 497.47 | 692.76 | 756.88 | 762.66 |
Long-Term Deferred Tax Assets | 5.37 | 4.23 | 3.06 | 2.95 | 49.98 | 46.19 |
Long-Term Deferred Charges | - | 231.66 | 416.43 | - | 0.25 | 0.51 |
Other Long-Term Assets | 345.89 | 162.27 | 116.84 | 94.07 | 73.51 | 59.37 |
Total Assets | 6,761 | 6,604 | 6,945 | 6,313 | 6,480 | 6,362 |
Liabilities
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 |
Accounts Payable | 50.18 | 5.18 | 107.95 | 4.57 | 1.98 | 3.46 |
Accrued Expenses | - | 19.34 | 20.85 | 21.72 | 38.54 | 19.81 |
Current Portion of Long-Term Debt | 2,743 | 2,341 | - | - | - | 5.37 |
Current Portion of Leases | 2.91 | 2.73 | 2.04 | 2.22 | 2.12 | 1.95 |
Current Income Taxes Payable | 0.12 | 2.77 | 5.91 | 1.92 | 3.48 | 5.62 |
Current Unearned Revenue | - | 45.33 | 57.54 | 55.11 | 66.83 | 78.16 |
Other Current Liabilities | 1,396 | 900.94 | 62.28 | 52.19 | 58.46 | 67.59 |
Total Current Liabilities | 4,192 | 3,317 | 256.58 | 137.73 | 171.4 | 181.96 |
Long-Term Debt | 1,051 | 1,152 | 3,097 | 3,197 | 3,850 | 3,793 |
Long-Term Leases | 42.55 | 37.38 | 31.34 | 31.12 | 31.99 | 33.73 |
Long-Term Unearned Revenue | - | 157.53 | 185.4 | 224.33 | 259.58 | 289.93 |
Pension & Post-Retirement Benefits | 64.48 | 65.16 | 70.47 | 71.37 | 32.86 | 45.22 |
Long-Term Deferred Tax Liabilities | 68.64 | 91.99 | 175.54 | 235.25 | 271.25 | 296.32 |
Other Long-Term Liabilities | 156.62 | 12.23 | 632.53 | 17.58 | 22.29 | 26.41 |
Total Liabilities | 5,576 | 4,834 | 4,448 | 3,914 | 4,639 | 4,666 |
Shareholders' Equity
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 |
Common Stock | 87.19 | 70 | 59.08 | 51.25 | 46.55 | 42.84 |
Retained Earnings | 118.94 | 330.81 | 467.33 | 534.06 | 356.27 | 350.03 |
Comprehensive Income & Other | 170.48 | 130.01 | 183.87 | 76.61 | 78.61 | 22.8 |
Total Common Equity | 376.6 | 530.82 | 710.28 | 661.92 | 481.44 | 415.67 |
Minority Interest | 808.22 | 1,239 | 1,786 | 1,737 | 1,359 | 1,281 |
Shareholders' Equity | 1,185 | 1,770 | 2,497 | 2,399 | 1,840 | 1,696 |
Total Liabilities & Equity | 6,761 | 6,604 | 6,945 | 6,313 | 6,480 | 6,362 |
Additional Metrics
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 |
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 |
Filing Date Shares Outstanding | 15.22 | 14.84 | 14.19 | 13.61 | 12.81 | 12.02 |
Total Common Shares Outstanding | 15.22 | 14.84 | 14.19 | 13.61 | 12.81 | 12.02 |
Working Capital | -3,478 | -2,485 | 764.69 | 1,679 | 1,617 | 1,435 |
Book Value Per Share | 24.75 | 35.76 | 50.04 | 48.63 | 37.60 | 34.58 |
Tangible Book Value | -2,251 | -2,126 | -2,400 | -2,477 | -2,722 | -2,794 |
Tangible Book Value Per Share | -147.91 | -143.23 | -169.11 | -182.03 | -212.57 | -232.41 |
Buildings | - | 99.85 | 94.07 | 87.38 | 86.22 | 85.74 |
Machinery | - | 3,629 | 3,663 | 3,599 | 3,609 | 3,550 |
Construction In Progress | - | 2,311 | 1,720 | 554.14 | 470.24 | 390.54 |
Order Backlog | - | 826.7 | 1,100 | - | - | - |