Telesat (TSAT) Operating Expenses (2020 - 2026)

Telesat (TSAT) has reported Operating Expenses for 7 consecutive years, with $40.4 million the latest figure, recorded in Q1 2026.

• Quarterly Operating Expenses rose 9.16% year-over-year to $40.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$74.3 million (up 6.82% YoY) and the FY2025 annual result came in at $537000.0, down 24.58% from the prior year.
• Operating Expenses grew to $40.4 million in Q1 2026 per TSAT's latest filing, from -$36.1 million in the prior quarter.
• Over the last five years, Operating Expenses for TSAT reached as high as $263.8 million in Q4 2023 and fell as low as -$64.4 million in Q1 2022.
• A 5-year average of -$13.9 million and a median of -$37.0 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2023 — Operating Expenses surged 656.42% — and 2024, when it sank 115.85%.
• Year by year, Operating Expenses stood at -$47.4 million in 2022, then jumped by 656.42% to $263.8 million in 2023, then plunged by 115.85% to -$41.8 million in 2024, then increased by 13.74% to -$36.1 million in 2025, then soared by 211.82% to $40.4 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $40.4 million, -$36.1 million, and -$42.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.