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Side-by-side financial comparison of Telesat Corp (TSAT) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $73.8M, roughly 1.5× Telesat Corp). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -119.8%, a 119.1% gap on every dollar of revenue. Over the past eight quarters, ZIPRECRUITER, INC.'s revenue compounded faster (-4.4% 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.

TSAT vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.5× larger
ZIP
$111.7M
$73.8M
TSAT
Higher net margin
ZIP
ZIP
119.1% more per $
ZIP
-0.7%
-119.8%
TSAT
Faster 2-yr revenue CAGR
ZIP
ZIP
Annualised
ZIP
-4.4%
-64.0%
TSAT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
TSAT
TSAT
ZIP
ZIP
Revenue
$73.8M
$111.7M
Net Profit
$-88.4M
$-835.0K
Gross Margin
95.3%
89.1%
Operating Margin
5.9%
3.6%
Net Margin
-119.8%
-0.7%
Revenue YoY
0.6%
Net Profit YoY
92.3%
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
ZIP
ZIP
Q4 25
$111.7M
Q3 25
$73.8M
$115.0M
Q2 25
$77.5M
$112.2M
Q1 25
$152.2M
$110.1M
Q4 24
$111.0M
Q3 24
$117.1M
Q2 24
$363.2M
$123.7M
Q1 24
$122.2M
Net Profit
TSAT
TSAT
ZIP
ZIP
Q4 25
$-835.0K
Q3 25
$-88.4M
$-9.8M
Q2 25
$55.1M
$-9.5M
Q1 25
$-52.3M
$-12.8M
Q4 24
$-10.8M
Q3 24
$-2.6M
Q2 24
$547.4M
$7.0M
Q1 24
$-6.5M
Gross Margin
TSAT
TSAT
ZIP
ZIP
Q4 25
89.1%
Q3 25
95.3%
89.1%
Q2 25
95.9%
89.3%
Q1 25
89.4%
Q4 24
89.6%
Q3 24
89.4%
Q2 24
89.5%
Q1 24
89.1%
Operating Margin
TSAT
TSAT
ZIP
ZIP
Q4 25
3.6%
Q3 25
5.9%
-4.4%
Q2 25
16.8%
-5.9%
Q1 25
-10.6%
Q4 24
-3.6%
Q3 24
-2.8%
Q2 24
7.6%
Q1 24
-0.7%
Net Margin
TSAT
TSAT
ZIP
ZIP
Q4 25
-0.7%
Q3 25
-119.8%
-8.5%
Q2 25
71.2%
-8.5%
Q1 25
-34.4%
-11.7%
Q4 24
-9.7%
Q3 24
-2.2%
Q2 24
150.7%
5.7%
Q1 24
-5.3%
EPS (diluted)
TSAT
TSAT
ZIP
ZIP
Q4 25
$-0.03
Q3 25
$-0.11
Q2 25
$-0.10
Q1 25
$-0.13
Q4 24
$-0.10
Q3 24
$-0.03
Q2 24
$0.07
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
TSAT
TSAT
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$352.3M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.6B
$-77.2M
Total Assets
$5.1B
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSAT
TSAT
ZIP
ZIP
Q4 25
$188.0M
Q3 25
$352.3M
$211.8M
Q2 25
$399.6M
$203.5M
Q1 25
$552.1M
$221.1M
Q4 24
$218.4M
Q3 24
$225.6M
Q2 24
$1.7B
$271.7M
Q1 24
$282.5M
Stockholders' Equity
TSAT
TSAT
ZIP
ZIP
Q4 25
$-77.2M
Q3 25
$1.6B
$-76.1M
Q2 25
$1.7B
$-65.9M
Q1 25
$2.5B
$-11.3M
Q4 24
$13.4M
Q3 24
$13.6M
Q2 24
$2.4B
$24.4M
Q1 24
$12.7M
Total Assets
TSAT
TSAT
ZIP
ZIP
Q4 25
$569.7M
Q3 25
$5.1B
$573.6M
Q2 25
$4.9B
$592.4M
Q1 25
$6.9B
$629.4M
Q4 24
$664.1M
Q3 24
$652.0M
Q2 24
$6.3B
$665.3M
Q1 24
$662.4M

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
ZIP
ZIP
Operating Cash FlowLast quarter
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSAT
TSAT
ZIP
ZIP
Q4 25
$7.7M
Q3 25
$2.6M
Q2 25
$10.5M
Q1 25
$-9.9M
Q4 24
$12.5M
Q3 24
$9.3M
Q2 24
$21.9M
Q1 24
$2.0M
Free Cash Flow
TSAT
TSAT
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$2.2M
Q2 25
$10.2M
Q1 25
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
Q1 24
$1.9M
FCF Margin
TSAT
TSAT
ZIP
ZIP
Q4 25
6.8%
Q3 25
1.9%
Q2 25
9.1%
Q1 25
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Q1 24
1.6%
Capex Intensity
TSAT
TSAT
ZIP
ZIP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
TSAT
TSAT
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
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.

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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