Telesat Corporation (TSAT) Revenue History
Annual and quarterly revenue from 2012 to present
TSAT Revenue Over Time (2012–2025)
TSAT Revenue Growth History
5 of 13 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +6.0%
- FY2014 revenue growth
- +2.9%
- FY2015 revenue growth
- +3.5%
- FY2016 revenue growth
- -2.5%
- FY2017 revenue growth
- -0.4%
- FY2018 revenue growth
- -2.6%
- FY2019 revenue growth
- +0.9%
- FY2020 revenue growth
- -9.9%
- FY2021 revenue growth
- -7.6%
- FY2022 revenue growth
- +0.1%
- FY2023 revenue growth
- -7.2%
- FY2024 revenue growth
- -18.9%
- FY2025 revenue growth
- -26.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $87.3M | -25.2% |
| Q4 2025 | $94.0M | -26.6% |
| Q3 2025 | $101.1M | -27.0% |
| Q2 2025 | $106.1M | -30.4% |
| Q1 2025 | $116.7M | -23.3% |
| Q4 2024 | $128.0M | -22.8% |
| Q3 2024 | $138.4M | -20.9% |
| Q2 2024 | $152.4M | -15.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
TSAT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
TSAT Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 28, 2026, Telesat Corporation (TSAT) generated trailing twelve-month (TTM) revenue of $388.4 million, reflecting significant decline in growth of -25.2% year-over-year. The most recent quarter (Q1 2026) recorded $87.3 million in revenue, down 7.1% sequentially.
Historical Growth Trajectory
TSAT's 5-year compound annual growth rate (CAGR) stands at -12.6%, indicating revenue contraction over this period. The 3-year CAGR of -18.1% is below the 5-year average, signalling a growth deceleration in recent years. Telesat Corporation's highest annual revenue of $954.9 million was recorded in 2015.
Revenue by Segment
TSAT's revenue is primarily driven by Enterprise Member (100%). With over half of revenue concentrated in Enterprise Member, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including SATS (-5.6% YoY), VSAT (+2.7% YoY), and GSAT (+11.5% YoY) — TSAT has underperformed the peer group in revenue growth. Compare TSAT vs SATS →
TSAT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TSATCurrent | $388M | -25.2% | -12.6% | 13.7% | |
 SATS | $15.0B | -5.6% | +51.4% | -118.1% | |
 VSAT | $4.6B | +2.7% | +19.3% | 2.3% | |
 GSAT | $273M | +11.5% | +16.3% | 5.4% | |
 IRDM | $872M | +4.1% | +8.4% | 27.1% | |
 AMC | $4.8B | +10.6% | +31.3% | 38.1% |
TSAT Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $417.6M | -26.9% | $153.6M | 36.8% | $57.2M | 13.7% |
| 2024 | $571.0M | -18.9% | $533.1M | 93.4% | $-40,265,000 | -7.1% |
| 2023 | $704.2M | -7.2% | $665.6M | 94.5% | $568.8M | 80.8% |
| 2022 | $759.2M | +0.1% | $705.2M | 92.9% | $296.5M | 39.0% |
| 2021 | $758.2M | -7.6% | $728.0M | 96.0% | $409.1M | 54.0% |
| 2020 | $820.5M | -9.9% | $787.1M | 95.9% | $404.5M | 49.3% |
| 2019 | $910.9M | +0.9% | $873.7M | 95.9% | $478.3M | 52.5% |
| 2018 | $902.9M | -2.6% | $513.5M | 56.9% | $467.9M | 51.8% |
| 2017 | $927.4M | -0.4% | $739.7M | 79.8% | $486.1M | 52.4% |
| 2016 | $930.9M | -2.5% | $755.9M | 81.2% | $496.2M | 53.3% |
| 2015 | $954.9M | +3.5% | $770.6M | 80.7% | $528.6M | 55.4% |
| 2014 | $922.9M | +2.9% | $735.1M | 79.7% | $482.3M | 52.3% |
| 2013 | $896.9M | +6.0% | $703.0M | 78.4% | $444.5M | 49.6% |
| 2012 | $845.8M | - | $606.7M | 71.7% | $347.9M | 41.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
TSAT — Frequently Asked Questions
Quick answers to the most common questions about buying TSAT stock.
Is TSAT's revenue growth accelerating or slowing?
TSAT revenue is declining -25.2% year-over-year. TTM revenue fell to $388M, contrasting with the 5-year CAGR of -12.6%. The reversal reflects either macro headwinds or company-specific challenges.
What is TSAT's revenue history from 2012 to 2026?
Telesat Corporation (TSAT) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $388M, growing at -25.2% YoY. The 5-year CAGR is -12.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TSAT's long-term revenue growth rate (CAGR)?
Telesat Corporation's 5-year revenue CAGR of -12.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -25.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TSAT.
Why does TSAT's quarterly revenue fluctuate?
TSAT quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Telesat Corporation's revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is TSAT's revenue distributed by segment?
TSAT reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TSAT's revenue compare to industry peers?
Telesat Corporation (TSAT) with TTM revenue of $388M and -25.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.