TSAT
Telesat Corp
NASDAQ: TSAT · TECHNOLOGY · COMMUNICATION EQUIPMENT
$49.07
+11.55% today
Updated 2026-04-30
Market cap
$2.36B
P/E ratio
—
P/S ratio
5.66x
EPS (TTM)
$-7.76
Dividend yield
—
52W range
$15 – $56
Volume
0.2M
Telesat Corp (TSAT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $845.81M | $896.90M | $922.87M | $954.91M | $930.85M | $927.41M | $902.93M | $910.89M | $820.47M | $758.21M | $759.17M | $704.16M | $571.04M | $417.62M |
| Revenue growth (YoY) | — | +6.0% | +2.9% | +3.5% | -2.5% | -0.4% | -2.6% | +0.9% | -9.9% | -7.6% | +0.1% | -7.2% | -18.9% | -26.9% |
| Cost of revenue | $239.08M | $193.86M | $187.79M | $184.28M | $174.92M | $187.69M | $389.39M | $37.22M | $33.37M | $30.21M | $54.00M | $38.52M | $37.97M | $264.03M |
| Gross profit | $606.73M | $703.03M | $735.08M | $770.63M | $755.93M | $739.72M | $513.54M | $873.67M | $787.10M | $728.00M | $705.16M | $665.65M | $533.07M | $153.59M |
| Gross margin | 71.7% | 78.4% | 79.7% | 80.7% | 81.2% | 79.8% | 56.9% | 95.9% | 95.9% | 96.0% | 92.9% | 94.5% | 93.4% | 36.8% |
| R&D | — | — | — | — | — | — | — | $7.10M | $21.10M | $31.70M | $65.80M | $48.30M | — | — |
| SG&A | — | — | — | — | — | — | — | $87.94M | $89.88M | $156.11M | $152.15M | $117.92M | $110.33M | $92.62M |
| Operating income | $347.92M | $444.50M | $482.30M | $528.55M | $496.19M | $486.07M | $467.95M | $478.29M | $404.54M | $409.12M | $296.45M | $568.85M | $-40.27M | $57.24M |
| Operating margin | 41.1% | 49.6% | 52.3% | 55.4% | 53.3% | 52.4% | 51.8% | 52.5% | 49.3% | 54.0% | 39.0% | 80.8% | -7.1% | 13.7% |
| EBITDA | $592.57M | $688.31M | $729.62M | $764.29M | $748.65M | $733.46M | $711.48M | $740.01M | $678.31M | $641.15M | $395.30M | $1.14B | $67.02M | $206.02M |
| EBITDA margin | 70.1% | 76.7% | 79.1% | 80.0% | 80.4% | 79.1% | 78.8% | 81.2% | 82.7% | 84.6% | 52.1% | 161.8% | 11.7% | 49.3% |
| EBIT | $347.92M | $444.50M | $482.30M | $528.55M | $496.19M | $486.07M | $462.33M | $473.77M | $444.23M | $421.40M | $191.57M | $943.82M | $-71.60M | $57.24M |
| Interest expense | — | — | — | — | — | $0.00 | $0.00 | $271.45M | $203.76M | $187.99M | $221.76M | $270.96M | $243.91M | $218.56M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $24.36M | $68.08M | $13.18M | $-266.95M | $292.89M | $505.04M | $-90.94M | $187.20M | $244.82M | $92.53M | $-23.76M | $157.12M | $-87.72M | $-155.23M |
| Net income growth (YoY) | — | +179.5% | -80.6% | -2124.8% | +209.7% | +72.4% | -118.0% | +305.9% | +30.8% | -62.2% | -125.7% | +761.2% | -155.8% | -77.0% |
| Profit margin | 2.9% | 7.6% | 1.4% | -28.0% | 31.5% | 54.5% | -10.1% | 20.6% | 29.8% | 12.2% | -3.1% | 22.3% | -15.4% | -37.2% |