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
DateValue
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