Telesat Corp income statement

In fiscal 2025, Telesat Corp reported revenue of $299m, down 28.2% on the year before, operating income of −$218m (a -72.7% margin) and net income of −$111m, or −$7.60 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Telesat Corp: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	687	612	605	584	522	417	299
Cost of revenue	28	25	24	42	29	28	—
Gross profit	658	587	581	542	493	389	—
Research and development	—	—	—	—	—	8	8
Operating income	360	302	327	228	422	−29	−218
Interest expense	195	152	150	171	200	178	156
Income before tax	141	183	186	−23	499	−230	−428
Income tax	11	−3	57	40	66	−10	−48
Net income	141	183	74	−18	116	−64	−111
Diluted EPS	$11.34	$14.68	$6.35	−$1.48	$8.37	−$4.59	−$7.60
Diluted shares (average)	12m	12m	12m	12m	15m	14m	15m
EBITDA	561	476	502	385	567	72	−111

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: ATEN vs TSAT CRNT vs TSAT CMTL vs TSAT AUDC vs TSAT

More: Communications Equipment stocks compared, Technology sector, rankings of US companies

Figures from Telesat Corp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Telesat Corp.