Telesat annual operating expenses
2019
2020
2021
2022
2023
2024
2025
Telesat Operating Expenses Growth & History (TSAT)
Telesat's operating expenses was $211.8M for fiscal 2025.
View full Telesat company overviewTelesat annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $211.8M | $4.0M | +1.93% |
| 2024 | 2024-12-31 | $207.8M | $3.2M | +1.57% |
| 2023 | 2023-12-31 | $204.6M | −$54.4M | −21.02% |
| 2022 | 2022-12-31 | $259.0M | $22.0M | +9.30% |
| 2021 | 2021-12-31 | $236.9M | $55.3M | +30.46% |
| 2020 | 2020-12-31 | $181.6M | $16.1M | +9.75% |
| 2019 | 2019-12-31 | $165.5M | — | — |
Telesat quarterly operating expenses
Q2.24
Q3.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $87.1M | $36.5M | +72.23% |
| Q1 2026 | 2026-03-31 | $168.4M | $82.5M | +96.07% |
| Q4 2025 | 2025-12-31 | $80.5M | — | — |
| Q3 2025 | 2025-09-30 | $57.9M | $11.9M | +25.94% |
| Q2 2025 | 2025-06-30 | $50.6M | −$5.7M | −10.18% |
| Q1 2025 | 2025-03-31 | $85.9M | — | — |
| Q3 2024 | 2024-09-30 | $45.9M | — | — |
| Q2 2024 | 2024-06-30 | $56.3M | — | — |
Telesat operating expenses trends
Over the last five fiscal years, Telesat's operating expenses increased from $181.6M to $211.8M, a change of $30.1M. The latest reported quarter, Q2 2026, shows $87.1M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Telesat source filings ↗