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NASDAQ · Industrials

Telesat Corp (TSAT)

Telesat Corp reported revenue of CA$418M in fiscal 2025, down 26.8% from a year earlier. It posted a net loss of CA$155.4M. In fiscal 2025 capital spending exceeded operating cash flow by CA$73.8M. At December 31, 2025 it held CA$509.8M in cash against CA$3.5B of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 17, 2026.

Price
$48.21
+0.35% on the day · September 25, 2026
52-week range $23.01 to $61.54
Market cap
$1.7B
Revenue (FY2025)
CA$418M
-26.8% year on year
Net margin
-37.2%

What Telesat Corp does

Telesat Corp is registered with the SEC under industry code SIC 4899 (Communications Services, NEC). Its shares trade on NASDAQ under the ticker TSAT.

Revenue and profit by year

Revenue
FY19: CA$910.9M CA$910.9M FY19FY21: CA$820.5M CA$820.5M FY21FY21: CA$758.2M CA$758.2M FY21FY22: CA$759.2M CA$759.2M FY22FY23: CA$704.2M CA$704.2M FY23FY24: CA$571M CA$571M FY24FY25: CA$418M CA$418M FY25
Net income
FY19: CA$187.2M CA$187.2M FY19FY21: CA$244.8M CA$244.8M FY21FY21: CA$92.5M CA$92.5M FY21FY22: -CA$23.8M -CA$23.8M FY22FY23: CA$157.1M CA$157.1M FY23FY24: -CA$87.7M -CA$87.7M FY24FY25: -CA$155.4M -CA$155.4M FY25

Fiscal years as reported in annual reports. Amounts in CAD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025CA$418M-CA$303.9M-CA$155.4M-CA$10.61-CA$73.8M
2024CA$571M-CA$40.3M-CA$87.7M-CA$6.29-CA$2.3M
2023CA$704.2MCA$568.8MCA$157.1MCA$11.29CA$127.1M
2022CA$759.2MCA$296.5M-CA$23.8M-CA$1.93CA$206.9M
2021CA$758.2MCA$409.1MCA$92.5MCA$1.99CA$261.8M
2021CA$820.5MCA$404.5MCA$244.8MCA$5.35CA$355.4M

Latest SEC filings

What Telesat Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 14, 2026
  2. August 13, 2026
  3. August 13, 2026
  4. August 4, 2026
  5. July 9, 2026
  6. July 9, 2026
  7. July 8, 2026
  8. June 5, 2026
  9. May 15, 2026
  10. May 5, 2026

Recent insider filings (Forms 3, 4 and 144): 1, the latest on August 14, 2023. Insider transactions on SEC

All filings on SEC EDGAR

Questions about TSAT

What does Telesat Corp do?

Telesat Corp is registered with the SEC under industry code SIC 4899 (Communications Services, NEC). Its shares trade on NASDAQ under the ticker TSAT.

Is Telesat Corp profitable?

No. In fiscal 2025 it reported a net loss of CA$155.4M on revenue of CA$418M.

How much revenue does Telesat Corp make?

In fiscal 2025 Telesat Corp reported revenue of CA$418M. That is 26.8% less than a year earlier.

When did Telesat Corp last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 17, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the passive stake changed from August 14, 2026.

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Where the numbers come from

Financial figures are the values Telesat Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.