Telesat (TSAT) Operating Expenses (2020 - 2026)
Telesat (TSAT) posted quarterly Operating Expenses of $40.4 million for Q1 2026, up 29140.09% year-over-year from N/an in Q1 2025, and up 211.82% quarter-over-quarter from -$36.1 million in Q4 2025.
Telesat (TSAT) Operating Expenses (2020 - 2026) Analysis & Trends
Telesat (TSAT) has reported Operating Expenses for 7 consecutive years, with $40.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 29140.09% year-over-year to $40.4 million; the TTM figure through Mar 2026 stood at -$74.3 million (up 36.27% YoY), while the FY2025 annual figure was $537000.0, down 24.58% from the prior year.
- Operating Expenses climbed to $40.4 million in Q1 2026 per TSAT's latest filing, from -$36.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $263.8 million in Q4 2023 and bottomed at -$64.4 million in Q1 2022.
- Historically, Operating Expenses has averaged -$16.1 million across 5 years, with a median of -$37.0 million in 2023.
- Annual changes were most pronounced in 2024 — Operating Expenses sank 115.85% — and 2026, when it soared 29140.09%.
- Telesat's Operating Expenses stood at -$47.4 million in 2022, then jumped by 656.42% to $263.8 million in 2023, then tumbled by 115.85% to -$41.8 million in 2024, then advanced by 13.74% to -$36.1 million in 2025, then soared by 211.82% to $40.4 million in 2026.
- Business Quant data shows TSAT's Operating Expenses at $40.4 million in Q1 2026, -$36.1 million in Q4 2025, and -$42.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 9.93 Bn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 182.50 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -1.02 Bn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 453.68 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 79.89 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | -1.95 Bn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 329.10 Mn |
| 10 | Telesat | 770.64 Mn | 378.73 Mn | 62.14 Mn | 40.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 40.35 Mn |
| Dec 31, 2025 | -36.09 Mn |
| Sep 30, 2025 | -42.04 Mn |
| Jun 30, 2025 | -36.49 Mn |
| Mar 31, 2025 | 138,000.00 |
| Dec 31, 2024 | -41.83 Mn |
| Sep 30, 2024 | -33.67 Mn |
| Jun 30, 2024 | -41.15 Mn |
| Mar 31, 2024 | -43.37 Mn |
| Dec 31, 2023 | 263.85 Mn |
| Sep 30, 2023 | -36.96 Mn |
| Jun 30, 2023 | -41.10 Mn |
| Mar 31, 2023 | -36.91 Mn |
| Dec 31, 2022 | -47.42 Mn |
| Sep 30, 2022 | -42.74 Mn |
| Jun 30, 2022 | -33.98 Mn |
| Mar 31, 2022 | -64.37 Mn |
| Dec 31, 2021 | -32.02 Mn |
| Sep 30, 2021 | -47.67 Mn |
| Jun 30, 2021 | -27.57 Mn |