Telesat
Operates GEO connectivity while building the Lightspeed LEO broadband network.
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Profile
Sells GEO connectivity across Broadcast and Enterprise services to telecom, government, corporate, and broadcast customers. Lightspeed combines planned LEO satellites with terrestrial infrastructure.
Operates a GEO fleet providing C-, Ku-, and Ka-band connectivity across broadcast, corporate, telecom, and government markets. Its Broadcast and Enterprise services span aviation, maritime, Latin America, and Canadian and U.S. government customers.
Develops Telesat Lightspeed, a low-Earth-orbit broadband network with terrestrial infrastructure. Demonstration satellites support technology tests, and planned Canadian landing stations will route network data to fibre and internet-exchange points.
The GEO business provides current services while Lightspeed remains in development. The transition depends on infrastructure deployment, spectrum and market access, launches and satellite performance, and financing and regulatory conditions.
Company facts
Categories
Key statistics
Year to date +46.4% · Average volume (30d) 252.3K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.71 | −$7.67 | −986.6% | $56.1M | $56.0M | −0.3% | −14.30% |
| May 5, 2026Q1 FY26 | −$0.67 | −$2.21 | −231.5% | $62.0M | $62.6M | +0.9% | +2.78% |
| Mar 17, 2026Q4 FY25 | −$0.85 | −$0.97 | −14.1% | $67.5M | $68.5M | +1.5% | −4.58% |
| Nov 4, 2025Q3 FY25 | −$0.78 | −$1.73 | −121.8% | $92.0M | $72.5M | −21.2% | +7.48% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $84.0M | $76.3M | $72.7M | $67.6M | $62.8M | $57.2M | |
| Gross profit | $79.1M | $73.2M | $69.3M | $19.8M | $16.7M | $13.0M | |
| Operating income | $22.2M | $12.9M | $4.3M | $4.8M | $2.2M | −$9.2M | |
| Net income | −$11.2M | $15.1M | −$25.4M | −$90.2M | −$32.8M | −$119.3M | |
| Diluted EPS | −$0.78 | $0.99 | −$1.71 | −$6.08 | −$2.19 | −$7.84 | |
| Gross margin | 94.2% | 95.9% | 95.3% | 29.3% | 26.6% | 22.7% | |
| Operating margin | 26.4% | 16.8% | 5.9% | 7.1% | 3.5% | -16.0% |
Fiscal years (4-quarter sums)FY21 $545.4M · FY22 $546.1M · FY23 $506.5M · FY24 $410.8M · FY25 $300.6M
Revenue by product · FY24
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $275.8M · Total debt $2.73B · Total assets $4.87B · Shareholders' equity $271.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 14.79M · Float —
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Public Sector Pension Investment Board | 18.21M | 123.13% | 13F | May 13, 2026 |
| Mark H. Rachesky, M.D. | 18.10M | 35.50% | 13D | Jul 9, 2026 |
| MHR Fund Management LLC | 18.04M | 121.94% | 13F | May 15, 2026 |
| GAMCO Asset Management Inc. | 1.81M | 13.00% | 13D | Mar 12, 2025 |
| Gamco Investors, Inc. et al | 1.77M | 11.96% | 13F | May 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Viasat
GEO and multi-orbit connectivity for mobility, enterprise, and government
- EchoStar
GEO broadband and managed connectivity for enterprise and government
- Iridium Communications
LEO mobile connectivity for government, maritime, aviation, and remote users
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Telesat | $42.82 | +0.29% | $633.3M | — | — | 2.4 | −28.1% |
| Viasat | $67.99 | +0.95% | $9.28B | — | — | 2.0 | −1.2% |
| EchoStar | $86.76 | −0.10% | $13.76B | — | 38.3 | 0.9 | — |
| Iridium Communications | $46.50 | −0.24% | $4.94B | 53.0 | 40.7 | 5.6 | +3.8% |
| Median | 53.0 | 39.5 | 2.0 | +1.3% |