Enterprise – Geo was Telesat’s largest revenue line in fiscal 2025, bringing in $206.63M of $417.96M (49%).
| Products and services [axis] | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Broadcast | $358.66M | — | — | — | |
| Enterprise | $376.13M | — | — | — | |
| Enterprise – Geo | — | $348.82M | $267.77M | $206.63M | |
| Broadcast – Geo | — | $331.84M | $274.41M | $196.20M | |
| Consulting & Other | $24.38M | — | — | — | |
| Consulting & Other – Geo | — | $12.55M | $12.10M | $10.23M | |
| Consulting & Other – Leo | — | $10.94M | $16.76M | $4.90M | |
| Total | $759.17M | $704.16M | $571.04M | $417.96M |
Telesat brought in $417.96M from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 26.8% from $571.04M in fiscal 2024. Enterprise – Geo was the largest at $206.63M (49.4%), ahead of Broadcast – Geo at $196.20M (46.9%) and Consulting & Other – Geo at $10.23M (2.4%). The remaining revenue line, Consulting & Other – Leo, brought in $4.90M.
Compared with fiscal 2024, every revenue line above 2% of revenue shrank. Consulting & Other – Geo held up best, down 15.5% to $10.23M, and Broadcast – Geo fell the most, down 28.5% to $196.20M.
Telesat began breaking out Enterprise – Geo in fiscal 2023, Broadcast – Geo in fiscal 2023, Consulting & Other – Geo in fiscal 2023 and Consulting & Other – Leo in fiscal 2023. Telesat stopped reporting Enterprise ($376.13M in fiscal 2022), Broadcast ($358.66M in fiscal 2022) and Consulting & Other ($24.38M in fiscal 2022) as separate revenue lines.
Canada was Telesat’s largest region in fiscal 2025, bringing in $213.12M of $417.96M (51%).
| Geography | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Canada | $330.53M | $324.23M | $260.43M | $213.12M | |
| United States | $289.95M | $245.33M | $210.63M | $133.19M | |
| Latin America Caribbean | $57.84M | $48.66M | $36.46M | $29.72M | |
| Asia Australia | $45.08M | $50.65M | $31.98M | $13.93M | |
| Europe, Middle East Africa | $35.77M | $35.29M | $31.55M | $28.01M | |
| Total | $759.17M | $704.16M | $571.04M | $417.96M |
Telesat brought in $417.96M from its five regions in fiscal 2025, the year ended December 31, 2025. That was down 26.8% from $571.04M in fiscal 2024. Canada was the largest at $213.12M (51.0%), ahead of United States at $133.19M (31.9%) and Latin America Caribbean at $29.72M (7.1%). The other two regions brought in $41.93M combined.
Compared with fiscal 2024, every region above 2% of revenue shrank. Europe, Middle East Africa held up best, down 11.2% to $28.01M, and Asia Australia fell the most, down 56.5% to $13.93M. From fiscal 2022 to 2025, combined revenue from these regions fell from $759.17M to $417.96M, a compound annual decline of 18.0%. Canada's share of the total rose from 43.5% to 51.0%.
Geo was Telesat’s largest segment in fiscal 2025, bringing in $413.06M of $417.96M (99%).
| Segments [axis] | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Geo | $358.66M | $693.22M | $554.29M | $413.06M |
| Leo | $20.03M | $10.94M | $16.76M | $4.90M |
| Total | $378.69M | $704.16M | $571.04M | $417.96M |
Telesat brought in $417.96M from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 26.8% from $571.04M in fiscal 2024. Geo was the largest at $413.06M (98.8%), ahead of Leo at $4.90M (1.2%).
From fiscal 2022 to 2025, combined revenue from these segments grew from $378.69M to $417.96M, a compound annual growth rate of 3.3%. Geo's share of the total rose from 94.7% to 98.8%.
Telesat (TSAT) reports its revenue by products and services [axis], by geography and by segments [axis]. In fiscal 2025, Enterprise – Geo was its largest revenue line, bringing in $206.63M (49.4% of the total), followed by Broadcast – Geo at $196.20M (46.9%).
Enterprise – Geo was Telesat's largest revenue line in fiscal 2025, bringing in $206.63M, or 49.4% of the $417.96M total across its four revenue lines.
Canada was Telesat's largest region in fiscal 2025, bringing in $213.12M, or 51.0% of the $417.96M total across its five regions.
Geo was Telesat's largest segment in fiscal 2025, bringing in $413.06M, or 98.8% of the $417.96M total across its two segments.
Every figure comes from Telesat's annual financial filings, as reported. Each line keeps the name Telesat gives it, and years follow its fiscal calendar.
Telesat's revenue by products and services [axis] goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.