Telesat (TSAT) Change in Taxes (2020 - 2025)

Telesat (TSAT) reported Change in Taxes of -$39.6 million for Q4 2025, down 4.02% year-over-year from -$41.3 million in Q4 2024, and down 838.21% quarter-over-quarter from $5.4 million in Q3 2025.

Telesat (TSAT) Change in Taxes (2020 - 2025) Analysis & Trends

Telesat (TSAT) has 6 years of Change in Taxes data on file, last reported at -$39.6 million in Q4 2025.

  • Change in Taxes for Q4 2025 came in at -$39.6 million, down 4.02% year-over-year; the trailing twelve-month figure through Dec 2025 was -$32.2 million (up 38.78% YoY), and the FY2025 annual result was $48.2 million, up 406.44% from the prior year.
  • Change in Taxes declined to -$39.6 million in Q4 2025 per TSAT's latest filing, from $5.4 million in the prior quarter.
  • Over five years, Change in Taxes peaked at $135.2 million in Q3 2023 and troughed at -$68.2 million in Q2 2023.
  • A 5-year average of -$332382.9 and a median of -$1.4 million in 2024 frame the typical range for Change in Taxes.
  • On a YoY basis, Change in Taxes climbed as much as 3675.7% in 2023 and fell as far as 412.12% in 2023.
  • A 5-year view of Change in Taxes shows it stood at $24.4 million in 2021, then slumped by 90.15% to $2.4 million in 2022, then slumped by 412.12% to -$7.5 million in 2023, then plunged by 407.38% to -$38.1 million in 2024, then decreased by 4.02% to -$39.6 million in 2025.
  • Business Quant data shows TSAT's Change in Taxes at -$39.6 million in Q4 2025, $5.4 million in Q3 2025, and -$36.5 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 161.00 Mn
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn -
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn -
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 86.00 Mn
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn -
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 503,000.00
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn -
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn -
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 24.00 Mn
10 Telesat 474.30 Mn 108.43 Mn - -39.64 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -39.64 Mn
Dec 31, 2025 -39.64 Mn
Sep 30, 2025 5.37 Mn
Sep 30, 2025 5.37 Mn
Jun 30, 2025 -36.49 Mn
Jun 30, 2025 -36.49 Mn
Mar 31, 2025 38.52 Mn
Mar 31, 2025 38.52 Mn
Dec 31, 2024 -38.10 Mn
Dec 31, 2024 -38.10 Mn
Sep 30, 2024 55.14 Mn
Sep 30, 2024 55.14 Mn
Jun 30, 2024 -64.53 Mn
Jun 30, 2024 -64.53 Mn
Mar 31, 2024 -5.16 Mn
Mar 31, 2024 -5.16 Mn
Dec 31, 2023 -7.51 Mn
Dec 31, 2023 -7.51 Mn
Sep 30, 2023 135.17 Mn
Sep 30, 2023 135.17 Mn