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Telesat (TSAT) Financials

Telesat logo
$53.50 +1.34 (+2.57%)
Closing price 04:00 PM Eastern
Extended Trading
$53.51 +0.01 (+0.01%)
As of 07:19 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Telesat

Annual Income Statements for Telesat

This table shows Telesat's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 289 384 452 2.85 168 -180 -299
Consolidated Net Income / (Loss)		 289 384 452 2.85 442 -210 -387
Net Income / (Loss) Continuing Operations		 289 384 452 2.85 168 -180 -299
Total Pre-Tax Income 		300 380 508 41 236 -189 -348
Total Operating Income		 513 509 591 404 441 -20 -189
Total Gross Profit		 846 835 750 543 734 213 41
Total Revenue		 846 835 750 543 734 213 41
Operating Revenue		 846 835 666 543 533 397 305
Other Revenue		 -0.66 -0.17 84 0.01 201 -184 -263
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 333 326 159 139 293 233 231
Depreciation Expense		 187 170 159 139 138 88 76
Other Operating Expenses / (Income)		 128 142 - - 155 144 154
Total Other Income / (Expense), net		 -213 -129 -83 -363 -205 -169 -159
Interest Expense		 301 156 90 189 205 169 159
Income Tax Expense		 12 -3.41 56 38 68 -9.05 -49
Weighted Average Basic Shares Outstanding		 49.52M 49.54M 45.17M 12.31M 13.42M 13.94M 14.84M
Weighted Average Diluted Shares Outstanding		 49.81M 49.80M 46.62M 12.31M 13.42M 13.94M 14.84M
Weighted Average Basic & Diluted Shares Outstanding		 - - 12.02M 12.81M 28.71M 27.87M 29.28M

Quarterly Income Statements for Telesat

No quarterly income statements for Telesat are available.

Annual Cash Flow Statements for Telesat

This table details how cash moves in and out of Telesat's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 562 -64 494 138 917 72 -12
Net Cash From Operating Activities		 562 291 230 138 917 72 -12
Net Cash From Continuing Operating Activities		 562 302 324 138 917 72 -12
Net Income / (Loss) Continuing Operations		 144 192 127 -60 442 -210 -387
Consolidated Net Income / (Loss)		 144 192 127 -60 442 -210 -387
Depreciation Expense		 187 170 159 139 138 88 76
Amortization Expense		 82 -45 13 11 9.92 7.87 32
Non-Cash Adjustments To Reconcile Net Income		 148 -5.18 220 48 327 185 266
Net Cash From Investing Activities		 0.00 -72 -211 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities		 0.00 -13 -26 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 0.00 -353 474 0.00 0.00 0.00 0.00
Net Cash From Continuing Financing Activities		 0.00 -356 478 0.00 0.00 0.00 0.00
Cash Interest Paid		 151 307 - 121 159 112 135
Cash Income Taxes Paid		 74 42 - 73 51 42 -5.99

Quarterly Cash Flow Statements for Telesat

No quarterly cash flow statements for Telesat are available.

Annual Balance Sheets for Telesat

This table presents Telesat's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 4,375 4,980 4,788 4,782 4,823 4,816
Total Current Assets		 701 1,266 1,322 1,376 709 607
Cash & Equivalents		 642 1,135 1,240 1,264 383 372
Short-Term Investments		 - - - - 0.39 0.31
Accounts Receivable		 41 96 30 59 110 43
Prepaid Expenses		 15 32 37 40 195 188
Current Deferred & Refundable Income Taxes		 2.44 2.52 14 13 20 4.34
Plant, Property, & Equipment, net		 1,034 1,119 1,008 955 1,581 1,981
Total Noncurrent Assets		 2,634 2,585 2,447 2,446 2,528 2,223
Long-Term Investments		 - - - - 6.78 13
Goodwill		 1,918 1,915 1,808 1,853 1,815 1,615
Intangible Assets		 611 597 559 525 345 323
Noncurrent Deferred & Refundable Income Taxes		 63 36 37 2.24 2.12 3.09
Other Noncurrent Operating Assets		 43 37 43 66 359 269
Total Liabilities & Shareholders' Equity		 4,375 4,980 4,788 4,782 4,823 4,816
Total Liabilities		 3,231 3,652 3,428 2,965 3,089 3,526
Total Current Liabilities		 127 142 127 104 178 2,419
Short-Term Debt		 0.00 0.00 - - 18 2,333
Accounts Payable		 24 43 32 33 110 42
Current Deferred & Payable Income Tax Liabilities		 5.74 4.40 2.57 - 4.11 2.02
Other Current Liabilities		 98 95 92 70 46 43
Total Noncurrent Liabilities		 3,104 3,510 3,302 2,861 2,911 1,106
Long-Term Debt		 2,498 2,968 2,845 2,422 2,588 848
Noncurrent Deferred & Payable Income Tax Liabilities		 255 232 200 178 122 67
Other Noncurrent Operating Liabilities		 350 309 256 261 201 191
Total Equity & Noncontrolling Interests		 1,144 1,328 1,360 1,817 1,734 1,291
Total Preferred & Common Equity		 1,115 307 356 501 493 387
Total Common Equity		 1,144 325 356 501 493 387
Common Stock		 122 34 34 39 41 51
Retained Earnings		 993 274 263 405 325 241
Other Equity Adjustments		 - - 58 58 128 95
Noncontrolling Interest		 0.00 1,002 1,004 1,316 1,241 903

Quarterly Balance Sheets for Telesat

No quarterly balance sheets for Telesat are available.

Annual Metrics And Ratios for Telesat

This table displays calculated financial ratios and metrics derived from Telesat's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 12,020,087.00 12,805,291.00 13,610,342.00 - 13,610,342.00
DEI Adjusted Shares Outstanding		 0.00 0.00 12,020,087.00 12,805,291.00 13,610,342.00 - 13,610,342.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 37.61 0.22 12.35 - -21.97
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Net Operating Profit after Tax (NOPAT)		 493 514 526 28 314 44 -133
Return On Investment Capital (ROIC_SIMPLE)		 - - - 0.67% 7.41% 1.14% -2.97%
Earnings before Interest and Taxes (EBIT)		 601 536 598 230 441 -115 -189
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 870 661 770 381 589 -19 -81
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -2,481 369 226 298 -486 -268
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 2,995 3,152 2,954 2,970 3,500 4,081
Increase / (Decrease) in Invested Capital		 0.00 2,995 157 -198 16 530 136
Book Value per Share		 $0.00 $23.10 $7.20 $29.60 $39.15 $36.24 $26.08
Tangible Book Value per Share		 $0.00 ($27.94) ($48.41) ($167.35) ($146.55) ($122.46) ($104.46)
Total Capital		 0.00 3,643 4,296 4,205 4,239 3,884 4,471
Total Debt		 0.00 2,498 2,968 2,845 2,422 2,150 3,181
Total Long-Term Debt		 0.00 2,498 2,968 2,845 2,422 2,150 848
Net Debt		 0.00 1,857 1,834 1,605 1,157 1,767 2,795
Capital Expenditures (CapEx)		 0.00 13 26 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -68 -11 -45 7.48 148 148
Debt-free Net Working Capital (DFNWC)		 0.00 573 1,123 1,195 1,272 531 520
Net Working Capital (NWC)		 0.00 573 1,123 1,195 1,272 531 -1,813
Net Nonoperating Expense (NNE)		 204 130 74 25 -128 453 254
Net Nonoperating Obligations (NNO)		 0.00 1,850 1,824 1,594 1,153 1,766 2,790
Total Depreciation and Amortization (D&A)		 269 125 172 151 148 96 109
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $2.29 $0.00 $11.71 ($4.37) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 45.17M 12.81M 13.42M 13.94M 14.84M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $2.22 $0.00 $11.29 ($4.37) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 46.62M 12.81M 15.29M 13.94M 14.84M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 12.02M 12.81M 13.61M 14.19M 29.28M
Normalized Net Operating Profit after Tax (NOPAT)		 493 356 526 283 314 44 -133
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for Telesat

No quarterly metrics and ratios for Telesat are available.


Financials Breakdown Chart

Telesat Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Telesat's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Telesat's net income appears to be on a downward trend, with a most recent value of -$386.68 million in 2025, falling from $288.54 million in 2019. The previous period was -$210.05 million in 2024. View Telesat's forecast to see where analysts expect Telesat to go next.

Telesat's total operating income in 2025 was -$189.39 million, based on the following breakdown:
  • Total Gross Profit: $41.42 million
  • Total Operating Expenses: $230.81 million

Over the last 6 years, Telesat's total revenue changed from $845.61 million in 2019 to $41.42 million in 2025, a change of -95.1%.

Telesat's total liabilities were at $3.53 billion at the end of 2025, a 14.1% increase from 2024, and a 9.1% increase since 2020.

In the past 5 years, Telesat's cash and equivalents has ranged from $371.79 million in 2025 to $1.26 billion in 2023, and is currently $371.79 million as of their latest financial filing in 2025.

Over the last 6 years, Telesat's book value per share changed from 0.00 in 2019 to 26.08 in 2025, a change of 2,608.0%.


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Financial statements for NASDAQ:TSAT last updated on 4/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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