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

Xperi Inc. is the larger business by last-quarter revenue ($116.5M vs $73.8M, roughly 1.6× Telesat Corp). Xperi Inc. runs the higher net margin — -14.7% vs -119.8%, a 105.1% gap on every dollar of revenue. Over the past eight quarters, Xperi Inc.'s revenue compounded faster (-1.0% 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.

Xperi Inc. is an American multinational technology company headquartered in San Jose, California, that develops software for consumer electronics and connected cars, as well as media platforms for video service over broadband. The company is organized into four business units: Pay TV, Consumer Electronics, Connected Car, and Media Platform. Xperi's brands include DTS, HD Radio, and TiVo.

TSAT vs XPER — Head-to-Head

Bigger by revenue
XPER
XPER
1.6× larger
XPER
$116.5M
$73.8M
TSAT
Higher net margin
XPER
XPER
105.1% more per $
XPER
-14.7%
-119.8%
TSAT
Faster 2-yr revenue CAGR
XPER
XPER
Annualised
XPER
-1.0%
-64.0%
TSAT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
TSAT
TSAT
XPER
XPER
Revenue
$73.8M
$116.5M
Net Profit
$-88.4M
$-17.1M
Gross Margin
95.3%
Operating Margin
5.9%
-12.7%
Net Margin
-119.8%
-14.7%
Revenue YoY
-4.8%
Net Profit YoY
-137.0%
EPS (diluted)
$-0.37

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
XPER
XPER
Q4 25
$116.5M
Q3 25
$73.8M
$111.6M
Q2 25
$77.5M
$105.9M
Q1 25
$152.2M
$114.0M
Q4 24
$122.4M
Q3 24
$132.9M
Q2 24
$363.2M
$119.6M
Q1 24
$118.8M
Net Profit
TSAT
TSAT
XPER
XPER
Q4 25
$-17.1M
Q3 25
$-88.4M
$-6.1M
Q2 25
$55.1M
$-14.8M
Q1 25
$-52.3M
$-18.4M
Q4 24
$46.2M
Q3 24
$-16.8M
Q2 24
$547.4M
$-30.3M
Q1 24
$-13.1M
Gross Margin
TSAT
TSAT
XPER
XPER
Q4 25
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
TSAT
TSAT
XPER
XPER
Q4 25
-12.7%
Q3 25
5.9%
-1.2%
Q2 25
16.8%
-10.5%
Q1 25
-14.4%
Q4 24
-11.7%
Q3 24
-14.0%
Q2 24
-18.3%
Q1 24
-27.2%
Net Margin
TSAT
TSAT
XPER
XPER
Q4 25
-14.7%
Q3 25
-119.8%
-5.5%
Q2 25
71.2%
-14.0%
Q1 25
-34.4%
-16.1%
Q4 24
37.8%
Q3 24
-12.6%
Q2 24
150.7%
-25.3%
Q1 24
-11.0%
EPS (diluted)
TSAT
TSAT
XPER
XPER
Q4 25
$-0.37
Q3 25
$-0.13
Q2 25
$-0.32
Q1 25
$-0.41
Q4 24
$1.02
Q3 24
$-0.37
Q2 24
$-0.67
Q1 24
$-0.29

Balance Sheet & Financial Strength

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

Metric
TSAT
TSAT
XPER
XPER
Cash + ST InvestmentsLiquidity on hand
$352.3M
$96.8M
Total DebtLower is stronger
$27.7M
Stockholders' EquityBook value
$1.6B
$414.1M
Total Assets
$5.1B
$615.8M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSAT
TSAT
XPER
XPER
Q4 25
$96.8M
Q3 25
$352.3M
$96.8M
Q2 25
$399.6M
$95.1M
Q1 25
$552.1M
$88.0M
Q4 24
$130.6M
Q3 24
$72.7M
Q2 24
$1.7B
$92.5M
Q1 24
$95.2M
Total Debt
TSAT
TSAT
XPER
XPER
Q4 25
$27.7M
Q3 25
$27.7M
Q2 25
$27.7M
Q1 25
$27.7M
Q4 24
$27.7M
Q3 24
$27.7M
Q2 24
$27.7M
Q1 24
$27.7M
Stockholders' Equity
TSAT
TSAT
XPER
XPER
Q4 25
$414.1M
Q3 25
$1.6B
$421.0M
Q2 25
$1.7B
$419.8M
Q1 25
$2.5B
$418.9M
Q4 24
$429.1M
Q3 24
$377.4M
Q2 24
$2.4B
$388.7M
Q1 24
$399.1M
Total Assets
TSAT
TSAT
XPER
XPER
Q4 25
$615.8M
Q3 25
$5.1B
$628.8M
Q2 25
$4.9B
$629.2M
Q1 25
$6.9B
$633.5M
Q4 24
$667.8M
Q3 24
$616.2M
Q2 24
$6.3B
$619.2M
Q1 24
$630.4M
Debt / Equity
TSAT
TSAT
XPER
XPER
Q4 25
0.07×
Q3 25
0.07×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.06×
Q3 24
0.07×
Q2 24
0.07×
Q1 24
0.07×

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
XPER
XPER
Operating Cash FlowLast quarter
$4.1M
Free Cash FlowOCF − Capex
$1.2M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-5.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSAT
TSAT
XPER
XPER
Q4 25
$4.1M
Q3 25
$7.5M
Q2 25
$10.1M
Q1 25
$-22.3M
Q4 24
$1.2M
Q3 24
$-4.6M
Q2 24
$-2.1M
Q1 24
$-49.8M
Free Cash Flow
TSAT
TSAT
XPER
XPER
Q4 25
$1.2M
Q3 25
$6.7M
Q2 25
$9.5M
Q1 25
$-23.3M
Q4 24
$-510.0K
Q3 24
$-5.6M
Q2 24
$-2.6M
Q1 24
$-51.6M
FCF Margin
TSAT
TSAT
XPER
XPER
Q4 25
1.0%
Q3 25
6.0%
Q2 25
9.0%
Q1 25
-20.5%
Q4 24
-0.4%
Q3 24
-4.2%
Q2 24
-2.2%
Q1 24
-43.4%
Capex Intensity
TSAT
TSAT
XPER
XPER
Q4 25
2.5%
Q3 25
0.7%
Q2 25
0.5%
Q1 25
0.9%
Q4 24
1.4%
Q3 24
0.8%
Q2 24
0.4%
Q1 24
1.6%
Cash Conversion
TSAT
TSAT
XPER
XPER
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.03×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

TSAT
TSAT

Segment breakdown not available.

XPER
XPER

Pay TV$56.2M48%
Connected Car$31.3M27%
Consumer Electronics$17.2M15%
Media Platform$11.8M10%

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