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Side-by-side financial comparison of Black Rock Coffee Bar, Inc. (BRCB) and Telesat Corp (TSAT). Click either name above to swap in a different company.

Telesat Corp is the larger business by last-quarter revenue ($73.8M vs $51.5M, roughly 1.4× Black Rock Coffee Bar, Inc.). Black Rock Coffee Bar, Inc. runs the higher net margin — -1.4% vs -119.8%, a 118.4% gap on every dollar of revenue.

Black Rock Coffee Bar, Inc. is a U.S.-based specialty coffee retail chain that offers handcrafted premium coffee beverages, energy drinks, baked goods, and light snacks. It operates in-store and drive-thru locations primarily across western U.S. states, prioritizing high-quality customizable products and community-focused consumer experiences.

Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.

BRCB vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.4× larger
TSAT
$73.8M
$51.5M
BRCB
Higher net margin
BRCB
BRCB
118.4% more per $
BRCB
-1.4%
-119.8%
TSAT

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
BRCB
BRCB
TSAT
TSAT
Revenue
$51.5M
$73.8M
Net Profit
$-712.0K
$-88.4M
Gross Margin
95.3%
Operating Margin
-12.4%
5.9%
Net Margin
-1.4%
-119.8%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BRCB
BRCB
TSAT
TSAT
Q3 25
$51.5M
$73.8M
Q2 25
$77.5M
Q1 25
$152.2M
Q2 24
$363.2M
Q3 23
$552.5M
Q2 23
$372.4M
Q1 23
$185.8M
Q3 22
$570.7M
Net Profit
BRCB
BRCB
TSAT
TSAT
Q3 25
$-712.0K
$-88.4M
Q2 25
$55.1M
Q1 25
$-52.3M
Q2 24
$547.4M
Q3 23
$-172.5M
Q2 23
$56.3M
Q1 23
$60.6M
Q3 22
$42.1M
Gross Margin
BRCB
BRCB
TSAT
TSAT
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Operating Margin
BRCB
BRCB
TSAT
TSAT
Q3 25
-12.4%
5.9%
Q2 25
16.8%
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Net Margin
BRCB
BRCB
TSAT
TSAT
Q3 25
-1.4%
-119.8%
Q2 25
71.2%
Q1 25
-34.4%
Q2 24
150.7%
Q3 23
-31.2%
Q2 23
15.1%
Q1 23
32.6%
Q3 22
7.4%
EPS (diluted)
BRCB
BRCB
TSAT
TSAT
Q3 25
$-0.05
Q2 25
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRCB
BRCB
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$32.6M
$352.3M
Total DebtLower is stronger
$20.0M
Stockholders' EquityBook value
$43.0M
$1.6B
Total Assets
$323.2M
$5.1B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRCB
BRCB
TSAT
TSAT
Q3 25
$32.6M
$352.3M
Q2 25
$399.6M
Q1 25
$552.1M
Q2 24
$1.7B
Q3 23
$1.7B
Q2 23
$1.7B
Q1 23
$1.7B
Q3 22
$1.4B
Total Debt
BRCB
BRCB
TSAT
TSAT
Q3 25
$20.0M
Q2 25
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Stockholders' Equity
BRCB
BRCB
TSAT
TSAT
Q3 25
$43.0M
$1.6B
Q2 25
$1.7B
Q1 25
$2.5B
Q2 24
$2.4B
Q3 23
$1.8B
Q2 23
$1.8B
Q1 23
$1.8B
Q3 22
$1.7B
Total Assets
BRCB
BRCB
TSAT
TSAT
Q3 25
$323.2M
$5.1B
Q2 25
$4.9B
Q1 25
$6.9B
Q2 24
$6.3B
Q3 23
$6.5B
Q2 23
$6.5B
Q1 23
$6.5B
Q3 22
$6.4B
Debt / Equity
BRCB
BRCB
TSAT
TSAT
Q3 25
0.46×
Q2 25
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRCB
BRCB
TSAT
TSAT
Operating Cash FlowLast quarter
$-2.9M
Free Cash FlowOCF − Capex
$-25.8M
FCF MarginFCF / Revenue
-50.2%
Capex IntensityCapex / Revenue
44.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRCB
BRCB
TSAT
TSAT
Q3 25
$-2.9M
Q2 25
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Free Cash Flow
BRCB
BRCB
TSAT
TSAT
Q3 25
$-25.8M
Q2 25
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
FCF Margin
BRCB
BRCB
TSAT
TSAT
Q3 25
-50.2%
Q2 25
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Capex Intensity
BRCB
BRCB
TSAT
TSAT
Q3 25
44.5%
Q2 25
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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