Telesat Corporation
TSAT
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Telesat Corporation is positioned to capitalize on the growing demand for satellite communication solutions as industries increasingly rely on high-speed connectivity.
- In the most recent quarter, Telesat's gross margin improved to 93.1%, up from 90.1% in the prior quarter.
- The company's free cash flow stands at $659.53 million, indicating strong liquidity despite current challenges.
- The company faces significant financial challenges, including a negative profit margin of -1.03 and a high debt-to-equity ratio of 324.07.
- Telesat reported a revenue decline of 9% in the latest quarter, falling from $87 million to $79 million.
- For the year 2025, Telesat's net income is projected to remain negative at -$155.35 million.
Fundamentals
| Market cap | $2.29B | Enterprise value | $4.94B | Trailing P/E | — | Forward P/E | -6.13 |
| PEG | — | Price / book | 2.50 | Beta | 2.04 | Dividend yield | 0.00% |
| Revenue growth | -25.1% | Earnings growth | — | Gross margin | 38.8% | Operating margin | -15.1% |
| Profit margin | -102.9% | ROE | -73.0% | ROA | 0.0% | Debt / equity | 3.24 |
| Current ratio | 0.17 | Free cash flow | $659.53M | Analyst recommendation | none | Mean target | — |
| 52w high | $61.54 | 52w low | $23.01 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $79.5M | $87.1M | $94.0M | $101M | $106M |
| Op margin | -16.4% | -93.5% | 7.1% | 5.7% | 17.0% |
| Net income | -$166M | -$45.5M | -$126M | -$35.3M | $21.0M |
| Gross margin | 93.1% | 90.1% | 92.7% | 95.3% | 95.9% |
| Gross profit | $74.0M | $78.4M | $87.1M | $96.3M | $102M |
| Operating income | -$13.0M | -$81.4M | $6.7M | $5.7M | $18.0M |
- Revenue -9% vs prior quarter ($79M vs $87M).
- Gross margin 93.1% (was 90.1% prior quarter).
- Operating margin expanded to -16.4%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $418M | $571M | $704M | $759M |
| Op margin | 13.7% | 39.3% | 92.1% | 39.0% |
| Net income | -$155M | -$87.7M | $157M | -$23.8M |
| Gross margin | 94.6% | 93.4% | 94.5% | 92.9% |
| Gross profit | $395M | $533M | $666M | $705M |
| Operating income | $57.3M | $225M | $649M | $296M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-09-23 · Telesat (TSAT) Gains A Lightspeed Gateway But Still Looks Cheap
2026-09-17 · Telesat Commissions the First European Gateway for the Lightspeed Satellite Constellation
2026-09-17 · Telesat Unit, Orange Commission European Gateway for Telesat Lightspeed Constellation
2026-09-17 · Orange and Telesat inaugurate Europe’s first Telesat Lightspeed Gateway in France
2026-09-15 · Telesat Unit Enters Deal With SatPort Infrastructure to Support Low Earth Orbit Satellite Network
2026-09-15 · Telesat and SatPort Infrastructure sign global build-to-suit agreement to expand Telesat Lightspeed ground network
2026-09-09 · Telesat Named to the TSX30, Ranking Among the Top Performing Stocks on the Toronto Stock Exchange
2026-09-09 · Telesat named to the TSX30, ranking among the top performing stocks on the Toronto Stock Exchange
2026-09-02 · Farcast completes Telesat Lightspeed antenna technology demonstration milestone
2026-09-01 · Telesat to Collaborate with Cailabs US on Optical Connectivity for Government Missions
2026-09-01 · Update: Telesat Unit, Cailabs to Collaborate on Optical Ground Connectivity for Government Missions
2026-09-01 · Telesat Unit, Cailabs to Collaborate on Optical Ground Connectivity for Government Missions
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