MDA Space Ltd. (TSX:MDA)

MDA Space Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,633	1,080	807.6	641.2	476.9
Revenue Growth (YoY)	51.21%	33.74%	25.95%	34.45%	61.33%
Cost of Revenue	1,169	754.6	532	389.1	285.6
Gross Profit	409.7	281.7	244	228.4	167.8
Selling, General & Admin	129.2	91	80.7	68.5	71.8
Depreciation & Amortization Expenses	139.5	90.8	78.1	76.2	79.8
Research & Development	38.1	36.9	39.3	32.8	21.1
Total Operating Expenses	306.8	218.7	198.1	177.5	172.7
Operating Income	157.8	106.8	77.5	74.6	18.6
Interest Income	7.8	7	2	0.4	-
Interest Expense	-17	-28	-8.6	-34.6	-32.2
Other Non-Operating Income (Expense)	3.8	25.2	-3.6	-6.2	24.9
Total Non-Operating Income (Expense)	-5.4	4.2	-10.2	-40.4	-7.3
Pretax Income	152.4	111	67.3	34.2	11.3
Provision for Income Taxes	43.9	31.6	18.5	7.9	8.4
Net Income	108.5	79.4	48.8	26.3	2.9
Net Income to Common	108.5	79.4	48.8	26.3	2.9
Net Income Growth	36.65%	62.70%	85.55%	806.90%	-
Shares Outstanding (Basic)	124	120	119	119	109
Shares Outstanding (Diluted)	130	126	121	122	116
Shares Change (YoY)	2.91%	4.02%	-1.04%	5.29%	42.23%
EPS (Basic)	0.87	0.66	0.41	0.22	0.03
EPS (Diluted)	0.84	0.63	0.40	0.21	0.02
EPS Growth	33.33%	57.50%	90.48%	950.00%	-
Free Cash Flow	232.2	671.5	-134.5	-80.8	19.6
Free Cash Flow Growth	-65.42%	-	-	-	-63.43%
Free Cash Flow Per Share	1.79	5.33	-1.11	-0.66	0.17
Gross Margin	25.09%	26.08%	30.21%	35.62%	35.19%
Operating Margin	9.66%	9.89%	9.60%	11.63%	3.90%
Profit Margin	6.64%	7.35%	6.04%	4.10%	0.61%
FCF Margin	14.22%	62.17%	-16.65%	-12.60%	4.11%
EBITDA	298.4	197.8	155.6	150.8	98.4
EBITDA Margin	18.27%	18.31%	19.27%	23.52%	20.63%
EBIT	157.8	106.8	77.5	74.6	18.6
EBIT Margin	9.66%	9.89%	9.60%	11.63%	3.90%
Effective Tax Rate	28.81%	28.47%	27.49%	23.10%	74.34%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.