v3.26.1
Operating Expenses - Schedule of Operating Expenses (Details) - CAD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Schedule of Operating Expenses [Abstract]        
Other operating expenses [1] $ 31,071 $ 24,659 $ 53,289 $ 44,910
Compensation and employee benefits [2] 25,210 21,553 49,698 47,626
Cost of equipment sales [3] 5,282 4,242 12,071 10,353
Cost of third-party satellites [4] 165 102 2,006 709
Operating expenses $ 61,728 $ 50,556 $ 117,064 $ 103,598
[1] Other operating expenses included general and administrative expenses, marketing expenses, in-orbit insurance expenses, professional fees and facility costs. The balance for the three and six months ended June 30, 2026 included $0.7 million and $1.2 million of leases not capitalized due to exemptions and variable lease payments not included in the measurement of the lease liabilities (three and six months ended June 30, 2025 — $0.2 million and $1.0 million).
[2] Compensation and employee benefits included salaries, bonuses, commissions, post-employment benefits and charges arising from share-based compensation.
[3] Cost of equipment sales included the cost of equipment and other costs directly attributable to fulfilling the Company’s obligations under customer contracts, excluding the cost of third-party satellite capacity.
[4] Cost of third-party satellites included the cost of third-party satellite capacity acquired to fulfill customer capacity requirements.