Telesat (TSAT) Operating Expenses (2020 - 2026)

Telesat (TSAT) has reported Operating Expenses for 7 consecutive years, with -$44.6 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses fell 22.3% year-over-year to -$44.6 million in Q2 2026; TTM through Jun 2026 was -$167.8 million, a 13.95% decrease from a year earlier, with the FY2025 full-year figure at -$151.6 million, down 1.91% from the prior year.
• Operating Expenses was -$44.6 million for Q2 2026 at Telesat, up from -$45.0 million in the prior quarter.
• Over five years, Operating Expenses peaked at -$33.7 million in Q3 2024 and troughed at -$64.4 million in Q1 2022.
• A 5-year average of -$41.1 million and a median of -$41.1 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses slumped 48.08% in 2022 and soared 42.65% in 2023, its largest moves.
• Over 5 years, Operating Expenses stood at -$47.4 million in 2022, then gained by 22.7% to -$36.7 million in 2023, then fell by 14.13% to -$41.8 million in 2024, then rose by 13.74% to -$36.1 million in 2025, then declined by 23.66% to -$44.6 million in 2026.
• The last three Operating Expenses figures came in at -$44.6 million (Q2 2026), -$45.0 million (Q1 2026), and -$36.1 million (Q4 2025), per Business Quant data.