MDA Space Ltd. (MDA)

MDA Space Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,746	1,633	1,080	807.6	641.2	476.9
Revenue Growth (YoY)	42.91%	51.21%	33.74%	25.95%	34.45%	61.33%
Cost of Revenue	1,210	1,169	754.6	532	389.1	285.6
Gross Profit	435.7	409.7	281.7	244	228.4	167.8
Selling, General & Admin	131.5	129.2	91	80.7	68.5	71.8
Depreciation & Amortization Expenses	158.6	139.5	90.8	78.1	76.2	79.8
Research & Development	39.8	38.1	36.9	39.3	32.8	21.1
Operating Income	156.25	157.8	106.8	77.5	74.6	18.6
Interest Income	5.6	7.8	7	2	0.4	-
Interest Expense	-18.5	-17	-28	-8.6	-34.6	-32.2
Other Non-Operating Income (Expense)	-1.4	3.8	25.2	-3.6	-6.2	24.9
Total Non-Operating Income (Expense)	-14.3	-5.4	4.2	-10.2	-40.4	-7.3
Pretax Income	148.3	152.4	111	67.3	34.2	11.3
Provision for Income Taxes	46.05	43.9	31.6	18.5	7.9	8.4
Net Income	105.4	108.5	79.4	48.8	26.3	2.9
Net Income to Common	105.4	108.5	79.4	48.8	26.3	2.9
Net Income Growth	4.67%	36.65%	62.70%	85.55%	806.90%	-
Shares Outstanding (Basic)	126	124	120	119	119	109
Shares Outstanding (Diluted)	131	130	126	121	122	116
Shares Change (YoY)	2.83%	2.91%	4.02%	-1.04%	5.29%	42.23%
EPS (Basic)	0.83	0.87	0.66	0.41	0.22	0.03
EPS (Diluted)	0.80	0.84	0.63	0.40	0.21	0.02
EPS Growth	2.56%	33.33%	57.50%	90.48%	950.00%	-
Shares Outstanding	128.36	126.32	121.53	119.52	119.01	118.69
Free Cash Flow	-1.3	232.2	671.5	-134.5	-80.8	19.6
Free Cash Flow Growth	-	-65.42%	-	-	-	-63.43%
Free Cash Flow Per Share	-0.01	1.79	5.33	-1.11	-0.66	0.17
Gross Margin	24.95%	25.09%	26.08%	30.21%	35.62%	35.19%
Operating Margin	8.95%	9.66%	9.89%	9.60%	11.63%	3.90%
Profit Margin	5.86%	6.64%	7.35%	6.04%	4.10%	0.61%
FCF Margin	-0.07%	14.22%	62.17%	-16.65%	-12.60%	4.11%
EBITDA	317.75	298.4	197.8	155.6	150.8	98.4
EBITDA Margin	18.20%	18.27%	18.31%	19.27%	23.52%	20.63%
EBIT	156.25	157.8	106.8	77.5	74.6	18.6
EBIT Margin	8.95%	9.66%	9.89%	9.60%	11.63%	3.90%
Effective Tax Rate	31.05%	28.81%	28.47%	27.49%	23.10%	74.34%

Updated Mar 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.