NASDAQ · TSAT
Telesat financials
$45.81−3.33%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $304.5M | $397.9M | $531.4M | $559.5M | $599.9M |
| Gross profit | $304.5M | $397.9M | $531.4M | $559.5M | $599.9M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$221.4M | -$28.1M | $429.3M | $218.5M | $323.7M |
| Net income | -$113.2M | -$61.1M | $118.6M | -$17.5M | $73.2M |
| Net margin | −37.2% | −15.4% | 22.3% | −3.1% | 12.2% |
| Diluted EPS | $-7.73 | $-4.38 | $8.52 | $-1.42 | $1.57 |
| EBITDA | -$112.9M | $68.5M | $577.1M | $368.6M | $497.6M |
| Operating cash flow | $48.6M | $43.5M | $128.3M | $176.5M | $232.2M |
| Free cash flow | -$53.8M | -$1.6M | $96.0M | $129.0M | -$14.4M |
| Diluted shares | 14.6M | 13.9M | 15.3M | 12.3M | 46.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $371.4M | $384.7M | $1.26B | $1.24B | $1.15B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $3.17B | $2.18B | $2.41B | $2.84B | $3.00B |
| Total assets | $4.81B | $4.84B | $4.76B | $4.78B | $5.03B |
| Total liabilities | $3.52B | $3.10B | $2.95B | $3.42B | $3.69B |
| Shareholders' equity | $1.29B | $1.74B | $1.81B | $1.36B | $1.34B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology