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Side-by-side financial comparison of Telesat Corp (TSAT) and Weave Communications, Inc. (WEAV). Click either name above to swap in a different company.

Telesat Corp is the larger business by last-quarter revenue ($73.8M vs $63.4M, roughly 1.2× Weave Communications, Inc.). Weave Communications, Inc. runs the higher net margin — -2.9% vs -119.8%, a 116.9% gap on every dollar of revenue. Over the past eight quarters, Weave Communications, Inc.'s revenue compounded faster (15.9% CAGR vs -64.0%).

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

Weave Communications, Inc. develops integrated all-in-one customer engagement and communication platforms tailored for small and medium-sized businesses. Its product suite includes cloud-based phone systems, appointment scheduling, payment processing, review management and text messaging tools, primarily serving local service sectors like dental clinics, healthcare practices and fitness studios across the U.S. and Canada.

TSAT vs WEAV — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.2× larger
TSAT
$73.8M
$63.4M
WEAV
Higher net margin
WEAV
WEAV
116.9% more per $
WEAV
-2.9%
-119.8%
TSAT
Faster 2-yr revenue CAGR
WEAV
WEAV
Annualised
WEAV
15.9%
-64.0%
TSAT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
TSAT
TSAT
WEAV
WEAV
Revenue
$73.8M
$63.4M
Net Profit
$-88.4M
$-1.8M
Gross Margin
95.3%
72.7%
Operating Margin
5.9%
-3.4%
Net Margin
-119.8%
-2.9%
Revenue YoY
17.0%
Net Profit YoY
72.5%
EPS (diluted)
$-0.03

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
TSAT
TSAT
WEAV
WEAV
Q4 25
$63.4M
Q3 25
$73.8M
$61.3M
Q2 25
$77.5M
$58.5M
Q1 25
$152.2M
$55.8M
Q4 24
$54.2M
Q3 24
$52.4M
Q2 24
$363.2M
$50.6M
Q1 24
$47.2M
Net Profit
TSAT
TSAT
WEAV
WEAV
Q4 25
$-1.8M
Q3 25
$-88.4M
$-8.7M
Q2 25
$55.1M
$-8.7M
Q1 25
$-52.3M
$-8.8M
Q4 24
$-6.7M
Q3 24
$-5.9M
Q2 24
$547.4M
$-8.6M
Q1 24
$-7.2M
Gross Margin
TSAT
TSAT
WEAV
WEAV
Q4 25
72.7%
Q3 25
95.3%
72.3%
Q2 25
95.9%
71.7%
Q1 25
71.6%
Q4 24
72.1%
Q3 24
72.0%
Q2 24
71.4%
Q1 24
69.9%
Operating Margin
TSAT
TSAT
WEAV
WEAV
Q4 25
-3.4%
Q3 25
5.9%
-14.6%
Q2 25
16.8%
-17.4%
Q1 25
-16.7%
Q4 24
-13.6%
Q3 24
-12.7%
Q2 24
-18.3%
Q1 24
-17.3%
Net Margin
TSAT
TSAT
WEAV
WEAV
Q4 25
-2.9%
Q3 25
-119.8%
-14.1%
Q2 25
71.2%
-14.9%
Q1 25
-34.4%
-15.8%
Q4 24
-12.4%
Q3 24
-11.2%
Q2 24
150.7%
-16.9%
Q1 24
-15.3%
EPS (diluted)
TSAT
TSAT
WEAV
WEAV
Q4 25
$-0.03
Q3 25
$-0.11
Q2 25
$-0.11
Q1 25
$-0.12
Q4 24
$-0.10
Q3 24
$-0.08
Q2 24
$-0.12
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
TSAT
TSAT
WEAV
WEAV
Cash + ST InvestmentsLiquidity on hand
$352.3M
$55.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.6B
$82.4M
Total Assets
$5.1B
$208.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSAT
TSAT
WEAV
WEAV
Q4 25
$55.0M
Q3 25
$352.3M
$64.4M
Q2 25
$399.6M
$44.7M
Q1 25
$552.1M
$53.4M
Q4 24
$51.6M
Q3 24
$51.1M
Q2 24
$1.7B
$51.7M
Q1 24
$30.6M
Stockholders' Equity
TSAT
TSAT
WEAV
WEAV
Q4 25
$82.4M
Q3 25
$1.6B
$78.6M
Q2 25
$1.7B
$78.9M
Q1 25
$2.5B
$68.6M
Q4 24
$67.0M
Q3 24
$68.8M
Q2 24
$2.4B
$69.8M
Q1 24
$73.4M
Total Assets
TSAT
TSAT
WEAV
WEAV
Q4 25
$208.0M
Q3 25
$5.1B
$206.5M
Q2 25
$4.9B
$204.3M
Q1 25
$6.9B
$188.3M
Q4 24
$188.9M
Q3 24
$192.0M
Q2 24
$6.3B
$191.2M
Q1 24
$190.2M

Cash Flow & Capital Efficiency

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

Metric
TSAT
TSAT
WEAV
WEAV
Operating Cash FlowLast quarter
$6.2M
Free Cash FlowOCF − Capex
$5.1M
FCF MarginFCF / Revenue
8.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$15.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSAT
TSAT
WEAV
WEAV
Q4 25
$6.2M
Q3 25
$6.1M
Q2 25
$5.4M
Q1 25
$-219.0K
Q4 24
$6.7M
Q3 24
$4.5M
Q2 24
$22.7M
Q1 24
$-19.7M
Free Cash Flow
TSAT
TSAT
WEAV
WEAV
Q4 25
$5.1M
Q3 25
$5.8M
Q2 25
$4.9M
Q1 25
$-663.0K
Q4 24
$6.3M
Q3 24
$4.0M
Q2 24
$21.9M
Q1 24
$-20.2M
FCF Margin
TSAT
TSAT
WEAV
WEAV
Q4 25
8.1%
Q3 25
9.4%
Q2 25
8.4%
Q1 25
-1.2%
Q4 24
11.6%
Q3 24
7.5%
Q2 24
43.4%
Q1 24
-42.9%
Capex Intensity
TSAT
TSAT
WEAV
WEAV
Q4 25
1.8%
Q3 25
0.5%
Q2 25
0.9%
Q1 25
0.8%
Q4 24
0.7%
Q3 24
1.0%
Q2 24
1.5%
Q1 24
1.1%

Financial Flow Comparison

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

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