Telesat (TSAT) Operating Income (2020 - 2026)
Telesat (TSAT) posted quarterly Operating Income of -$59.3 million for Q1 2026, down 1092.66% year-over-year from $6.0 million in Q1 2025, and up 76.93% quarter-over-quarter from -$257.1 million in Q4 2025.
Telesat (TSAT) Operating Income (2020 - 2026) Analysis & Trends
Telesat (TSAT) has reported Operating Income for 7 consecutive years, with -$59.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Income fell 1092.66% year-over-year to -$59.3 million; the TTM figure through Mar 2026 stood at -$299.2 million (down 339.89% YoY), while the FY2025 annual figure was -$217.5 million, down 639.52% from the prior year.
- Operating Income improved to -$59.3 million in Q1 2026 per TSAT's latest filing, from -$257.1 million in the prior quarter.
- Across five years, Operating Income topped out at $381.8 million in Q2 2023 and bottomed at -$257.1 million in Q4 2025.
- Historically, Operating Income has averaged $25.2 million across 5 years, with a median of $45.1 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Income jumped 875.75% — and 2024, when it tumbled 2193.54%.
- Telesat's Operating Income stood at $50.4 million in 2022, then slumped by 114.1% to -$7.1 million in 2023, then sank by 2193.54% to -$162.9 million in 2024, then plunged by 57.87% to -$257.1 million in 2025, then soared by 76.93% to -$59.3 million in 2026.
- Business Quant data shows TSAT's Operating Income at -$59.3 million in Q1 2026, -$257.1 million in Q4 2025, and $4.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 3.96 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 747.00 Mn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 809.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 174.50 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -161.80 Mn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 237.87 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 290.82 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | 632.32 Mn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | -319.98 Mn |
| 10 | Telesat | 770.64 Mn | 378.73 Mn | 62.14 Mn | -59.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -59.33 Mn |
| Dec 31, 2025 | -257.12 Mn |
| Sep 30, 2025 | 4.34 Mn |
| Jun 30, 2025 | 12.89 Mn |
| Mar 31, 2025 | 5.98 Mn |
| Dec 31, 2024 | -162.88 Mn |
| Sep 30, 2024 | 43.79 Mn |
| Jun 30, 2024 | 45.09 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 | 75.31 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 |