Telesat (TSAT) revenue breakdown
By segment, GEO is the largest at 99% of fiscal 2025 revenue, growing -17% a year over 3 years.
By region, Canada is the largest at 51% of fiscal 2025 revenue; Europe, Middle East & Africa grew fastest, -9% a year over 4 years.
Revenue by segment
Fiscal years, as Telesat reports them in its 10-K filings; fiscal 2025 total $418M.
| Segments | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|
| GEO | $726M | $693M | $554M | $413M | 99% |
| LEO | $33M | $11M | $17M | $5M | 1% |
Revenue by region
Fiscal years, as Telesat reports them in its 10-K filings; fiscal 2025 total $418M.
| Regions | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|
| Canada | $331M | $331M | $324M | $260M | $213M | 51% |
| United States | $292M | $290M | $245M | $211M | $133M | 32% |
| Latin America & Caribbean | $56M | $58M | $49M | $36M | $30M | 7% |
| Europe, Middle East & Africa | $41M | $36M | $35M | $32M | $28M | 7% |
| Asia & Australia | $38M | $45M | $51M | $32M | $14M | 3% |
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Where does Telesat make its money?
In fiscal 2025, by segment: GEO $413M, LEO $5M.
From Telesat's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.