Telesat (TSAT) Operating Income (2020 - 2025)
Telesat (TSAT) reported Operating Income of -$257.1 million for Q4 2025, down 57.87% year-over-year from -$610.2 million in Q4 2024, and down 6020.3% quarter-over-quarter from $4.3 million in Q3 2025.
Telesat (TSAT) Operating Income (2020 - 2025) Analysis & Trends
Telesat (TSAT) has 6 years of Operating Income data on file, last reported at -$257.1 million in Q4 2025.
- Operating Income for Q4 2025 came in at -$257.1 million, down 57.87% year-over-year; the trailing twelve-month figure through Dec 2025 was -$208.7 million (down 204.24% YoY), and the FY2025 annual result was -$217.5 million, down 639.52% from the prior year.
- Operating Income retreated to -$257.1 million in Q4 2025 per TSAT's latest filing, from $4.3 million in the prior quarter.
- Over five years, Operating Income peaked at $381.8 million in Q2 2023 and troughed at -$257.1 million in Q4 2025.
- A 5-year average of $45.5 million and a median of $55.4 million in 2022 frame the typical range for Operating Income.
- On a YoY basis, Operating Income climbed as much as 935.33% in 2024 and fell as far as 2193.54% in 2024.
- A 5-year view of Operating Income shows it stood at $75.3 million in 2021, then plunged by 33.15% to $50.4 million in 2022, then sank by 114.1% to -$7.1 million in 2023, then plunged by 2193.54% to -$162.9 million in 2024, then tumbled by 57.87% to -$257.1 million in 2025.
- Business Quant data shows TSAT's Operating Income at -$257.1 million in Q4 2025, $4.3 million in Q3 2025, and $293.9 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 3.96 Bn |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 189.41 Mn |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 525.00 Mn |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 470.00 Mn |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 174.50 Mn |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 290.82 Mn |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | -233.51 Mn |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | -12.99 Mn |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 215.00 Mn |
| 10 | Telesat | 474.30 Mn | 108.43 Mn | - | -257.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -257.12 Mn |
| Sep 30, 2025 | 4.34 Mn |
| Jun 30, 2025 | 293.94 Mn |
| Mar 31, 2025 | -249.89 Mn |
| Dec 31, 2024 | -162.88 Mn |
| Sep 30, 2024 | 43.79 Mn |
| Jun 30, 2024 | 259.59 Mn |
| Mar 31, 2024 | 59.74 Mn |
| Dec 31, 2023 | -7.10 Mn |
| Sep 30, 2023 | 56.17 Mn |
| Jun 30, 2023 | 381.81 Mn |
| Mar 31, 2023 | -7.15 Mn |
| Dec 31, 2022 | 50.37 Mn |
| Sep 30, 2022 | 57.04 Mn |
| Jun 30, 2022 | 54.54 Mn |
| Mar 31, 2022 | 68.37 Mn |
| Dec 31, 2021 | 75.34 Mn |
| Sep 30, 2021 | 61.68 Mn |
| Jun 30, 2021 | -7.03 Mn |
| Mar 31, 2021 | 134.37 Mn |