Telesat Corporation logo

Telesat Corporation

TSAT

NASDAQCommunication ServicesTelecommunications Services

Previous close

$44.29

−$0.01 · -0.02%

Aug 21, 4:00 PM ET

TSAT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Strong Sell

Exit — multiple negative signals converging

Valuation

2

Overpriced

Momentum

44

Neutral

Sentiment

34

Bearish

Risk resilience

35

High Risk

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Company profile

Company website

Telesat Corporation stands as a leading satellite operator, dedicated to providing essential communication solutions to a diverse global clientele, encompassing broadcast, enterprise, and consulting sectors. Its advanced satellite infrastructure empowers direct-to-home (DTH) service providers to broadcast television programming, audio content, and information channels directly to residential customers. Additionally, it facilitates the transmission of programming for broadcasters, cable networks, and other DTH providers. Beyond core transmission, Telesat offers a comprehensive suite of value-added capabilities. These include crucial satellite capacity, digital encoding for video channels, authorization services, and both uplinking and downlinking operations. The company also furnishes on-demand services for broadcasting breaking news, major sports events, and live coverage. Telesat's extensive offerings extend to telecommunications carriers and network services integrators, providing both satellite capacity and end-to-end solutions. These encompass space segment services and ground facilities designed to support enterprise connectivity, internet and cellular backhaul, and rural telephony initiatives. The company further delivers broadband communication services tailored for the maritime and aeronautical industries, serving commercial aircraft and vessels. It also supplies satellite services to government entities, including the U.S. government (via service integrators) and the Canadian government, and directly provides broadband services to consumers. The corporation operates sophisticated satellite and hybrid satellite/terrestrial networks, and it develops specialized communication services for industries such as oil and gas, and mining. Furthermore, Telesat provides expert satellite operator services and offers consulting across a range of domains, including space and earth segments, government studies, satellite control, and research and development. Telesat primarily engages its clients through a dedicated direct sales force. As of December 31, 2021, its operational assets included a constellation of 14 in-orbit geostationary satellites and a Canadian payload integrated into the ViaSat-1 satellite. The company was established in 1969 and maintains its corporate headquarters in Ottawa, Canada.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
CA
CEO
Daniel S. Goldberg
Listed since
Jul 27, 2005
Employees
711

Market position

Day range

Current $44.29

52-week range

Current $44.29

Open
$44.795
Previous close
$44.30
Volume
163.04K
0.62× average
Average volume
262.79K
Average daily volume
Market cap
655.05M USD
Beta
2.03
Market reference 1
50-day average
$44.8862
-1.33% below average
200-day average
$38.5717
+14.83% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.62B CAD
P/E (TTM)
-2.47×
P/B (TTM)
2.48×
P/S (TTM)
2.5×
EV / EBITDA
-15.76×
Earnings yield
-26.55%
Free cash flow yield
-119.38%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
45.63%
Operating margin
0.83%
Net margin
-102.86%
Return on equity
-29.27%
Return on assets
-2.35%
Return on invested capital
0.90%

Financial health

Debt / equity
10.07×
Current ratio
0.18×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends109%56%3%-50%Gross margin, FY2021: 96.01%Gross margin, FY2022: 92.89%Gross margin, FY2023: 94.53%Gross margin, FY2024: 93.35%Gross margin, FY2025: 36.78%Operating margin, FY2021: 53.96%Operating margin, FY2022: 39.05%Operating margin, FY2023: 80.78%Operating margin, FY2024: -7.05%Operating margin, FY2025: 13.71%Net margin, FY2021: 12.20%Net margin, FY2022: -3.13%Net margin, FY2023: 22.31%Net margin, FY2024: -15.36%Net margin, FY2025: -37.17%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 96.01%. Gross margin FY2022 92.89%. Gross margin FY2023 94.53%. Gross margin FY2024 93.35%. Gross margin FY2025 36.78%. Operating margin FY2021 53.96%. Operating margin FY2022 39.05%. Operating margin FY2023 80.78%. Operating margin FY2024 -7.05%. Operating margin FY2025 13.71%. Net margin FY2021 12.20%. Net margin FY2022 -3.13%. Net margin FY2023 22.31%. Net margin FY2024 -15.36%. Net margin FY2025 -37.17%.

Income trends

Revenue

417.62M CAD-26.87%

Operating income

57.24M CAD+97.51M CAD

Net income

−155.23M CAD-76.96%
Income trends across reported periods850.61M CAD484.85M CAD119.09M CAD−246.67M CADRevenue, FY2021: 758.21M CADRevenue, FY2022: 759.17M CADRevenue, FY2023: 704.16M CADRevenue, FY2024: 571.04M CADRevenue, FY2025: 417.62M CADOperating income, FY2021: 409.12M CADOperating income, FY2022: 296.45M CADOperating income, FY2023: 568.85M CADOperating income, FY2024: −40.27M CADOperating income, FY2025: 57.24M CADNet income, FY2021: 92.53M CADNet income, FY2022: −23.76M CADNet income, FY2023: 157.12M CADNet income, FY2024: −87.72M CADNet income, FY2025: −155.23M CADFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 758.21M CAD. Revenue FY2022 759.17M CAD. Revenue FY2023 704.16M CAD. Revenue FY2024 571.04M CAD. Revenue FY2025 417.62M CAD. Operating income FY2021 409.12M CAD. Operating income FY2022 296.45M CAD. Operating income FY2023 568.85M CAD. Operating income FY2024 −40.27M CAD. Operating income FY2025 57.24M CAD. Net income FY2021 92.53M CAD. Net income FY2022 −23.76M CAD. Net income FY2023 157.12M CAD. Net income FY2024 −87.72M CAD. Net income FY2025 −155.23M CAD.
Metric (CAD)FY2025FY2024FY2023FY2022FY2021
Revenue417.62M CAD571.04M CAD704.16M CAD759.17M CAD758.21M CAD
Cost of goods sold264.03M CAD37.97M CAD38.52M CAD54M CAD30.22M CAD
Gross profit153.59M CAD533.07M CAD665.65M CAD705.17M CAD728M CAD
Selling, general, and administrative92.62M CAD110.33M CAD117.92M CAD152.15M CAD156.11M CAD
Operating expenses96.34M CAD573.34M CAD96.8M CAD408.71M CAD318.87M CAD
Interest income26.16M CAD66.15M CAD64.45M CAD23.56M CAD3.42M CAD
Interest expense218.56M CAD243.91M CAD270.96M CAD221.76M CAD187.99M CAD
Depreciation and amortization148.77M CAD138.61M CAD195.76M CAD203.73M CAD219.76M CAD
Operating income57.24M CAD−40.27M CAD568.85M CAD296.45M CAD409.12M CAD
Net income−155.23M CAD−87.72M CAD157.12M CAD−23.76M CAD92.53M CAD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-134.40%
11 comparable reports
Latest EPS result
-7.67
Estimate -0.71 · Miss by 986.63%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.69-1.66-5.01-8.36Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 27, 2025: actual -6.23, estimate -1.21, surprise -416.26%, Miss. Q2 2025, reported May 6, 2025: actual -0.75, estimate -0.988, surprise +24.03%, Beat. Q3 2025, reported Aug 6, 2025: actual 1, estimate -0.69, surprise +244.93%, Beat. Q4 2025, reported Nov 4, 2025: actual -1.73, estimate -0.78, surprise -121.79%, Miss. Q1 2026, reported Mar 17, 2026: actual -6.15, estimate -0.85, surprise -623.92%, Miss. Q2 2026, reported May 5, 2026: actual -2.21, estimate -0.667, surprise -231.52%, Miss. Q3 2026, reported Aug 13, 2026: actual -7.67, estimate -0.706, surprise -986.63%, Miss. Q4 2026, reported Nov 10, 2026: actual —, estimate -0.91, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates92.5M79.07M65.63M52.2MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 27, 2025: actual 88.94M USD, estimate 84.62M USD, surprise +5.10%, Beat. Q2 2025, reported May 6, 2025: actual 81.12M USD, estimate 76.38M USD, surprise +6.21%, Beat. Q3 2025, reported Aug 6, 2025: actual 77.93M USD, estimate 80.32M USD, surprise -2.97%, Miss. Q4 2025, reported Nov 4, 2025: actual 72.56M USD, estimate 71.99M USD, surprise +0.79%, Beat. Q1 2026, reported Mar 17, 2026: actual 68.48M USD, estimate 67.48M USD, surprise +1.48%, Beat. Q2 2026, reported May 5, 2026: actual 62.59M USD, estimate 62.03M USD, surprise +0.91%, Beat. Q3 2026, reported Aug 13, 2026: actual 55.96M USD, estimate 56.11M USD, surprise -0.26%, Miss. Q4 2026, reported Nov 10, 2026: actual —, estimate 55.75M USD, surprise —, Comparison unavailable.

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