Operates satellites for global telecommunications.
Dec 2025Revenue C$418M/yrExpenses C$722M/yr
Fell below break-even Dec 2024Cash runway ≈ 6.9 years from Dec 2025
Figures by year
When will Telesat be profitable again?
Its expenses passed its revenue in Dec 2024. In the 12 months to Dec 2025, revenue was C$418M and expenses C$722M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | C$418M | C$722M | −C$304M |
| Dec 2024 | C$571M | C$611M | −C$40.3M |
| Dec 2023 | C$704M | C$135M | C$569M |
| Dec 2022 | C$759M | C$463M | C$296M |
| Dec 2021 | C$758M | C$349M | C$409M |
| Dec 2020 | C$820M | C$416M | C$405M |
| Dec 2019 | C$911M | C$433M | C$478M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.