Telesat (TSAT) Net Income (2020 - 2026)
Telesat's (TSAT) quarterly Net Income came in at -$403.8 million in Q2 2026, down 840.76% year-over-year from $54.5 million in Q2 2025, and down 266.84% quarter-over-quarter from -$110.1 million in Q1 2026.
Analysis
Telesat (TSAT) Net Income (2020 - 2026) Analysis & Trends
Telesat (TSAT) has reported Net Income for 7 consecutive years, with -$403.8 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Income fell 840.76% year-over-year to -$403.8 million in Q2 2026; TTM through Jun 2026 was -$912.5 million, a 262.43% decrease from a year earlier, with the FY2025 full-year figure at -$379.5 million, down 75.27% from the prior year.
- Net Income was -$403.8 million for Q2 2026 at Telesat, down from -$110.1 million in the prior quarter.
- Over five years, Net Income peaked at $386.4 million in Q2 2023 and troughed at -$403.8 million in Q2 2026.
- A 5-year average of -$34.4 million and a median of -$3.0 million in 2023 frame the typical range for Net Income.
- Across the five-year window, Net Income surged 11360.04% in 2023 and slumped 1207.91% in 2024, its largest moves.
- Over 5 years, Net Income stood at $187.2 million in 2022, then plunged by 84.56% to $28.9 million in 2023, then sank by 1207.91% to -$320.1 million in 2024, then advanced by 2.97% to -$310.6 million in 2025, then dropped by 29.98% to -$403.8 million in 2026.
- The last three Net Income figures came in at -$403.8 million (Q2 2026), -$110.1 million (Q1 2026), and -$310.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | EchoStar | 26.05 Bn | 24.60 Bn | 1.65 Bn | 8.46 Bn |
| 2 | AST SpaceMobile | 24.25 Bn | 24.75 Bn | 9.12 Mn | -299.92 Mn |
| 3 | Globalstar | 10.67 Bn | 10.26 Bn | 41.17 Mn | -26.54 Mn |
| 4 | Viasat | 10.38 Bn | 8.72 Bn | 643.41 Mn | -43.02 Mn |
| 5 | Iridium Communications | 5.00 Bn | 4.82 Bn | 173.92 Mn | 11.19 Mn |
| 6 | Telesat | 666.48 Mn | 973.30 Mn | 53.65 Mn | -403.79 Mn |
| 7 | Gogo | 384.81 Mn | 321.68 Mn | - | -2.01 Mn |
| 8 | Kvh Industries Inc \De\ | 139.10 Mn | 81.38 Mn | 14.63 Mn | 163,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -403.79 Mn |
| Mar 31, 2026 | -110.07 Mn |
| Dec 31, 2025 | -310.65 Mn |
| Sep 30, 2025 | -87.98 Mn |
| Jun 30, 2025 | 54.51 Mn |
| Mar 31, 2025 | -35.86 Mn |
| Dec 31, 2024 | -320.15 Mn |
| Sep 30, 2024 | 49.73 Mn |
| Jun 30, 2024 | 94.51 Mn |
| Mar 31, 2024 | -38.84 Mn |
| Dec 31, 2023 | 28.90 Mn |
| Sep 30, 2023 | -2.62 Mn |
| Jun 30, 2023 | 386.39 Mn |
| Mar 31, 2023 | 21.02 Mn |
| Dec 31, 2022 | 187.16 Mn |
| Sep 30, 2022 | -175.36 Mn |
| Jun 30, 2022 | -3.43 Mn |
| Mar 31, 2022 | 47.87 Mn |
| Dec 31, 2021 | 95.42 Mn |
| Sep 30, 2021 | -41.50 Mn |