Symbols

TSAT

Telesat·NASDAQ

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TSAT fundamentals

TSAT Q4 2025 Earnings

Telesat (TSAT) released its earnings on Mar 17, 2026: revenue was 68.52M (YoY -22.96%), beat estimates; EPS was -6.1787 (YoY +0.88%), missed estimates.

Revenue / YoY

68.52M

-22.96%

EPS / YoY

-6.1787

+0.88%

Report date

Mar 17, 2026

TSAT Earnings Call Summary for Q4,2025

LEO Expansion: 500MHz Mil-Ka added to Lightspeed at minimal cost ($25M), enabling defense-grade connectivity with 25% spectrum shift.
Defense Momentum: Signed U.S. Shield IDIQ, Hanwha Systems MOU, and ESCaPE partnership, targeting $150B+ government defense market.
Financial Focus: $1B+ LEO investment in 2026 vs. $300M GEO revenue decline,26, with cash flow from GEO and $1.8B Lightspeed financing supporting debt refinancing.
Launch Update: First satellites in Q4 2026, full service Q1 2028, with 96 satellites for global coverage by end-2027.

Earnings

EPS

Revenue

Revenue & Expenses

TSAT has released its 2025 Q4 earnings report, with revenue of 68.58M, reflecting a YoY change of -22.84%, and net profit of -315.93M, showing a YoY change of -1.72%. The Sankey diagram below clearly presents TSAT's revenue sources and cost distribution.

Key Indicators

Telesat (TSAT) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Telesat (TSAT)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

Telesat (TSAT)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

Telesat (TSAT)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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