Telesat reported revenue of $57.47M and net income of -$403.79M for the quarter ended Jun 2026, down 25.0% year over year. This income statement covers 25 quarters of results from Dec 2019 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Dec2019 | Mar2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||
| Revenue | 152.79M | 148.75M | 185.77M | 146.36M | 138.09M | 152.26M | 122.72M | 133.85M | 130.60M | 121.86M | 94.99M | 111.45M | 101.48M | 91.63M | 81.36M | 76.58M | 73.43M | 67.44M | 57.97M | 57.47M | |||||
| Cost of RevenueCost of Rev | 8.11M | 4.56M | 7.14M | 0.42M | 3.06M | 3.47M | 1.34M | 3.82M | |||||||||||||||||
| Gross Profit | 103.34M | 96.93M | 84.49M | 80.94M | 73.52M | 69.97M | 56.62M | 53.65M | |||||||||||||||||
| Operating items | |||||||||||||||||||||||||
| Amortization - Intangibles | -3.17M | 3.12M | -3.70M | 2.94M | -2.88M | 2.78M | -2.34M | -2.53M | -2.36M | 2.33M | -2.15M | -2.05M | -2.06M | 2.08M | -8.11M | -8.40M | -8.22M | 7.41M | -6.37M | -6.31M | |||||
| Depreciation & Amortization - TotalDep. & Amort. (Tot) | -40.25M | 39.96M | -36.86M | 36.46M | -35.48M | 34.40M | -47.06M | -34.72M | -35.10M | 31.29M | -32.23M | -23.14M | -23.63M | 19.33M | -18.06M | -18.70M | -19.01M | 19.16M | -16.09M | -15.95M | |||||
| Selling, General & AdministrativeSG&A | 6.95M | ||||||||||||||||||||||||
| Other Operating ExpensesOther Opex | -0.02M | -85.99M | -0.03M | 0.02M | -7.26M | -0.01M | -0.01M | 316.25M | -0.01M | 58.69M | 2.27M | -0.02M | 1.67M | 191.26M | -0.09M | -0.09M | 0.18M | 261.91M | 0.21M | 0.21M | |||||
| Operating ExpensesOpex | -47.67M | -32.02M | -64.37M | -33.98M | -42.74M | -47.42M | -36.91M | -41.10M | -36.96M | -36.65M | -43.37M | -41.15M | -33.67M | -41.83M | -35.23M | -36.49M | -42.04M | -36.09M | -45.01M | -44.62M | |||||
| Operating IncomeOp. Inc | -6.95M | 75.34M | 68.37M | 54.54M | 57.04M | 50.37M | 75.31M | 314.88M | 56.17M | -7.10M | 59.74M | 45.09M | 43.79M | -162.88M | 12.45M | 12.89M | 4.34M | -257.12M | -9.29M | -9.21M | |||||
| EBIT | -6.95M | 75.34M | 60.21M | 54.54M | 57.04M | 50.37M | 75.31M | 314.88M | 56.17M | -7.10M | 59.74M | 45.09M | 43.79M | -162.88M | 12.45M | 12.89M | 4.34M | -257.12M | -9.29M | -9.21M | |||||
| Non-operating items | |||||||||||||||||||||||||
| Non Operating Interest Expenses | -40.27M | 38.75M | -48.50M | 38.96M | -43.15M | 49.58M | -48.21M | -51.03M | -50.54M | 47.88M | -43.00M | -45.29M | -43.57M | 41.48M | -37.38M | -38.71M | -39.38M | 38.13M | -36.79M | -36.47M | |||||
| Interest & Investment IncomeInt & Inv Inc | 50.05M | 63.20M | |||||||||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | -54.35M | -16.02M | 21.03M | 77.52M | -191.04M | -53.23M | -76.89M | 49.83M | -57.35M | -56.98M | 35.67M | -25.21M | 26.15M | 126.93M | 79.87M | 1.79M | -23.46M | -15.35M | -14.51M | -14.39M | |||||
| Non Operating IncomeNon Op. Inc. | |||||||||||||||||||||||||
| Net income details | |||||||||||||||||||||||||
| EBT | -31.36M | 32.78M | 80.06M | 4.39M | -171.78M | 58.98M | 14.92M | 440.61M | 11.13M | 21.39M | 73.01M | 115.38M | 53.52M | -358.25M | 55.28M | 57.25M | -100.21M | -350.28M | -403.35M | -399.88M | |||||
| Tax ProvisionsTaxes | -10.14M | 24.42M | -19.43M | 18.86M | -3.58M | 2.41M | -18.43M | -54.22M | -13.75M | -7.51M | -5.16M | -20.87M | -3.79M | -38.10M | -2.65M | -2.74M | 12.22M | -39.64M | -6.82M | -3.91M | |||||
| Profit After TaxPAT | 13.40M | 89.60M | 60.63M | -3.43M | -175.36M | 66.94M | -3.51M | 386.39M | -2.62M | 28.90M | 67.84M | 94.51M | 49.73M | -320.15M | 52.64M | 54.51M | -87.98M | -397.47M | -407.30M | -403.79M | |||||
| Income from Non-Controlling InterestsInc. Minority | 18.68M | 46.65M | 14.66M | -130.47M | 8.82M | -2.42M | -7.48M | -317.59M | 5.10M | 49.94M | 68.59M | 36.61M | 2.19M | 38.00M | 39.36M | -62.36M | -3.20M | -286.41M | -283.94M | ||||||
| Income from Continuing OperationsIncome (Continuing) | -21.22M | 8.36M | 58.97M | -14.46M | -168.20M | 56.57M | 33.36M | 494.84M | 24.88M | 28.90M | 78.17M | 136.25M | 57.30M | -320.15M | 57.93M | 59.99M | -112.43M | -310.65M | -396.54M | -395.97M | |||||
| Consolidated Net IncomeConsol Net Inc. | -21.22M | 8.36M | 58.97M | -14.46M | -168.20M | 56.57M | 33.36M | 494.84M | 24.88M | 28.90M | 78.17M | 136.25M | 57.30M | -320.15M | 57.93M | 59.99M | -112.43M | -310.65M | -396.54M | -395.97M | |||||
| Income towards Parent CompanyParent Net Inc | -41.50M | 32.78M | 13.98M | -8.41M | -44.89M | 10.30M | -1.09M | 102.19M | -0.54M | 7.42M | 17.90M | 25.92M | 13.12M | -90.42M | 14.63M | 15.15M | -25.63M | -90.03M | -120.89M | -119.85M | |||||
| Net Income towards Common StockholdersNet Income | -41.50M | 32.78M | 17.96M | -8.41M | -44.89M | 10.30M | -1.09M | 102.19M | -0.54M | 7.42M | 17.90M | 25.92M | 13.12M | -90.42M | 14.63M | 15.15M | -25.63M | -90.03M | -120.89M | -119.85M | |||||
| Additional items | |||||||||||||||||||||||||
| EPS (Basic) | -0.84 | 0.73 | 0.40 | -0.19 | -0.99 | 0.84 | -0.09 | 8.30 | -0.04 | 0.55 | 1.33 | 1.93 | 0.98 | -6.49 | 1.05 | 1.09 | -1.84 | -6.15 | -8.26 | -8.19 | |||||
| EPS (Diluted) | -0.83 | 0.70 | 0.39 | -0.18 | -0.96 | 0.84 | -0.09 | 8.30 | -0.04 | 0.49 | 1.17 | 1.70 | 0.86 | -6.49 | 1.05 | 1.09 | -1.84 | -6.15 | -8.26 | -8.19 | |||||
| Shares Outstanding | 49.54M | 45.17M | 45.17M | 45.17M | 45.17M | 12.31M | 12.31M | 12.31M | 12.31M | 13.42M | 13.42M | 13.42M | 13.42M | 13.94M | 13.94M | 13.94M | 13.94M | 14.64M | 14.64M | 14.64M | |||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 49.80M | 46.62M | 46.62M | 46.62M | 46.62M | 12.31M | 12.31M | 12.31M | 12.31M | 15.29M | 15.29M | 15.29M | 15.29M | 13.94M | 13.94M | 13.94M | 13.94M | 14.64M | 14.64M | 14.64M | |||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 86.16M | 86.16M | 13.61M | 14.19M | 14.84M | ||||||||||||||||||||
| EBITDA | -47.19M | 114.69M | 114.93M | 114.81M | 21.56M | 102.40M | 111.50M | 110.54M | 109.12M | 90.59M | 27.50M | 21.95M | 80.98M | 52.58M | -5.61M | -5.81M | -14.67M | 28.52M | -25.38M | -25.16M | |||||
| Interest ExpensesInt Expense | -40.27M | 38.75M | -53.13M | 38.96M | -43.15M | 49.58M | -48.21M | -51.03M | -50.54M | 47.88M | -43.00M | -45.29M | -43.57M | 41.48M | -37.38M | -38.71M | -39.38M | 38.13M | -36.79M | -36.47M | |||||
| Tax Rate | 32.33% | 74.50% | -24.27% | 429.15% | 2.08% | 4.08% | -123.51% | -12.31% | -123.51% | -35.11% | -7.07% | -18.09% | -7.07% | 10.64% | -4.79% | -4.79% | -12.20% | 11.32% | 1.69% | 0.98% |