Telesat (TSAT) Capital Expenditures (2020 - 2025)
Telesat (TSAT) reported Capital Expenditures of -$28.9 million for Q4 2025, down 139.05% year-over-year from $73.9 million in Q4 2024, and down 30.94% quarter-over-quarter from -$22.0 million in Q3 2025.
Telesat (TSAT) Capital Expenditures (2020 - 2025) Analysis & Trends
Telesat (TSAT) has 6 years of Capital Expenditures data on file, last reported at -$28.9 million in Q4 2025.
- Capital Expenditures for Q4 2025 came in at -$28.9 million, down 139.05% year-over-year; the trailing twelve-month figure through Dec 2025 was -$100.5 million (down 112.22% YoY), and the FY2025 annual result was -$100.6 million, down 112.49% from the prior year.
- Capital Expenditures declined to -$28.9 million in Q4 2025 per TSAT's latest filing, from -$22.0 million in the prior quarter.
- Over five years, Capital Expenditures peaked at $51.3 million in Q4 2023 and troughed at -$28.9 million in Q4 2025.
- A 5-year average of -$3.4 million and a median of -$6.8 million in 2022 frame the typical range for Capital Expenditures.
- On a YoY basis, Capital Expenditures climbed as much as 689.61% in 2022 and fell as far as 191.94% in 2022.
- A 5-year view of Capital Expenditures shows it stood at $5.2 million in 2021, then surged by 689.61% to $41.4 million in 2022, then climbed by 23.91% to $51.3 million in 2023, then sank by 123.55% to -$12.1 million in 2024, then plunged by 139.05% to -$28.9 million in 2025.
- Business Quant data shows TSAT's Capital Expenditures at -$28.9 million in Q4 2025, -$22.0 million in Q3 2025, and -$25.4 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 414.00 Mn |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 73.89 Mn |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 62.00 Mn |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 569.00 Mn |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 124.70 Mn |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 12.44 Mn |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | 261.60 Mn |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | 58.23 Mn |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 13.00 Mn |
| 10 | Telesat | 474.30 Mn | 108.43 Mn | - | -28.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -28.86 Mn |
| Dec 31, 2025 | -28.86 Mn |
| Sep 30, 2025 | -22.04 Mn |
| Sep 30, 2025 | -22.04 Mn |
| Jun 30, 2025 | -25.41 Mn |
| Jun 30, 2025 | -25.41 Mn |
| Mar 31, 2025 | -24.21 Mn |
| Mar 31, 2025 | -24.21 Mn |
| Dec 31, 2024 | -12.07 Mn |
| Dec 31, 2024 | -12.07 Mn |
| Sep 30, 2024 | -11.88 Mn |
| Sep 30, 2024 | -11.88 Mn |
| Jun 30, 2024 | -9.10 Mn |
| Jun 30, 2024 | -9.10 Mn |
| Mar 31, 2024 | -14.31 Mn |
| Mar 31, 2024 | -14.31 Mn |
| Dec 31, 2023 | 51.27 Mn |
| Dec 31, 2023 | 51.27 Mn |
| Sep 30, 2023 | -4.87 Mn |
| Sep 30, 2023 | -4.87 Mn |