Telesat annual free cash flow
2019
2020
2021
2022
2023
2024
2025
Telesat Free Cash Flow (FCF) History (TSAT)
Telesat reported −$73.8M in free cash flow for fiscal 2025, a decrease of $71.5M from the previous fiscal year, with a free cash flow margin of −17.66%.
View full Telesat company overviewTelesat free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$73.8M | −$71.5M | — | −17.66% |
| 2024 | 2024-12-31 | −$2.3M | −$129.5M | — | −0.41% |
| 2023 | 2023-12-31 | $127.1M | −$79.7M | −38.54% | +18.06% |
| 2022 | 2022-12-31 | $206.8M | −$54.9M | −20.98% | +27.25% |
| 2021 | 2021-12-31 | $261.8M | −$93.6M | −26.34% | +34.52% |
| 2020 | 2020-12-31 | $355.4M | −$11.9M | −3.24% | +43.31% |
| 2019 | 2019-12-31 | $367.3M | — | — | +40.32% |
Telesat quarterly free cash flow
Q3.24
Q3.25
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q3 2025 | 2025-09-30 | −$41.7M | — | — | −41.24% |
| Q3 2024 | 2024-09-30 | −$19.5M | — | — | −14.12% |
Telesat free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $355.4M to −$73.8M, a net decrease of $429.2M. Telesat's latest reported quarter, Q3 2025, generated −$41.7M in free cash flow.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Telesat filings at SEC.gov ↗