Telesat (TSAT) EBITDA (2020 - 2026)
Telesat (TSAT) posted quarterly EBITDA of -$59.3 million for Q1 2026, down 369.14% year-over-year from $22.0 million in Q1 2025, and down 308.06% quarter-over-quarter from $28.5 million in Q4 2025.
Telesat (TSAT) EBITDA (2020 - 2026) Analysis & Trends
Telesat (TSAT) has reported EBITDA for 7 consecutive years, with -$59.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA fell 369.14% year-over-year to -$59.3 million; the TTM figure through Mar 2026 stood at -$51.3 million (down 162.52% YoY), while the FY2025 annual figure was $152.2 million, down 45.69% from the prior year.
- EBITDA retreated to -$59.3 million in Q1 2026 per TSAT's latest filing, from $28.5 million in the prior quarter.
- Across five years, EBITDA topped out at $344.3 million in Q2 2023 and bottomed at -$59.3 million in Q1 2026.
- Historically, EBITDA has averaged $46.4 million across 5 years, with a median of $21.9 million in 2024.
- Annual changes were most pronounced in 2023 — EBITDA jumped 2048.45% — and 2026, when it plunged 369.14%.
- Telesat's EBITDA stood at $102.4 million in 2022, then fell by 11.53% to $90.6 million in 2023, then plunged by 41.96% to $52.6 million in 2024, then slumped by 45.77% to $28.5 million in 2025, then tumbled by 308.06% to -$59.3 million in 2026.
- Business Quant data shows TSAT's EBITDA at -$59.3 million in Q1 2026, $28.5 million in Q4 2025, and -$14.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 3.96 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 747.00 Mn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 809.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 174.50 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -161.80 Mn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 237.87 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 290.82 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | 632.32 Mn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | -319.98 Mn |
| 10 | Telesat | 770.64 Mn | 378.73 Mn | 62.14 Mn | -59.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -59.33 Mn |
| Dec 31, 2025 | 28.52 Mn |
| Sep 30, 2025 | -14.67 Mn |
| Jun 30, 2025 | -5.81 Mn |
| Mar 31, 2025 | -12.65 Mn |
| Dec 31, 2024 | 52.58 Mn |
| Sep 30, 2024 | 20.16 Mn |
| Jun 30, 2024 | 21.95 Mn |
| Mar 31, 2024 | 27.51 Mn |
| Dec 31, 2023 | 90.59 Mn |
| Sep 30, 2023 | 21.07 Mn |
| Jun 30, 2023 | 344.29 Mn |
| Mar 31, 2023 | 111.50 Mn |
| Dec 31, 2022 | 102.40 Mn |
| Sep 30, 2022 | 21.56 Mn |
| Jun 30, 2022 | 16.02 Mn |
| Mar 31, 2022 | 23.35 Mn |
| Dec 31, 2021 | 114.69 Mn |
| Sep 30, 2021 | 21.43 Mn |
| Jun 30, 2021 | -49.63 Mn |