MDA Space Ltd. (MDA)
NYSE: MDA · Real-Time Price · USD
30.62
+2.22 (7.82%)
Nov 9, 2026, 2:22 PM EST - Market open
MDA Space Cash Flow Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 106.4 | 108.5 | 79.4 | 48.8 | 26.3 | 2.9 |
Depreciation & Amortization | 59.3 | 76.1 | 66.3 | 61.4 | 62.4 | 67.4 |
Other Amortization | 130.8 | 64.5 | 24.7 | 16.7 | 13.8 | 12.4 |
Loss (Gain) From Sale of Assets | - | - | -5.8 | - | - | - |
Asset Writedown & Restructuring Costs | - | - | 3.3 | 4.8 | - | - |
Stock-Based Compensation | 20.9 | 12.8 | 10.4 | 10 | 8.5 | 13.5 |
Other Operating Activities | -57.5 | -8.7 | -2.1 | -32.6 | -27.3 | -10.5 |
Change in Accounts Receivable | 91.6 | 54.6 | 6.7 | -69.6 | -100.2 | -18 |
Change in Inventory | -18.8 | -12.5 | -1.5 | -2.4 | 0.5 | -1.5 |
Change in Accounts Payable | 114.1 | 50.9 | 43 | 66.3 | 59.6 | -1.6 |
Change in Unearned Revenue | -358.2 | 26 | 684.4 | -35.4 | 19.3 | 18.2 |
Change in Other Net Operating Assets | 38.6 | 35.3 | -96.1 | -54.5 | -5.9 | -10.7 |
Operating Cash Flow | 128.6 | 407.5 | 812.7 | 13.5 | 57 | 72.1 |
Operating Cash Flow Growth | -82.56% | -49.86% | 5920.00% | -76.32% | -20.94% | -4.12% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -199.3 | -175.3 | -141.2 | -148 | -137.8 | -52.5 |
Sale of Property, Plant & Equipment | - | 0.2 | 7.4 | - | - | - |
Cash Acquisitions | - | -362.6 | -27.3 | -24.4 | - | - |
Sale (Purchase) of Intangibles | -73.9 | -100.1 | -63.7 | -45.2 | -42.3 | -40.1 |
Investment in Securities | -0.6 | -10 | -9.2 | - | - | -6.2 |
Other Investing Activities | 8.9 | 33.2 | 7 | - | - | - |
Investing Cash Flow | -264.9 | -614.6 | -227 | -217.6 | -180.1 | -98.8 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 645 | 110 | 195 | 245 | - |
Total Debt Issued | 1,010 | 645 | 110 | 195 | 245 | - |
Long-Term Debt Repaid | - | -478.4 | -557.9 | -8.4 | -157.8 | -432 |
Lease Payments | -12.4 | -10.2 | -7.9 | -8.4 | -7.8 | -7.9 |
Total Debt Repaid | -462.4 | -478.4 | -557.9 | -8.4 | -157.8 | -432 |
Net Debt Issued (Repaid) | 547.6 | 166.6 | -447.9 | 186.6 | 87.2 | -432 |
Issuance of Common Stock | 1,550 | 50 | 11.8 | 0.8 | 0.5 | 462.6 |
Other Financing Activities | -24.3 | -20.3 | - | - | -8.9 | - |
Financing Cash Flow | 2,074 | 196.3 | -436.1 | 187.4 | 78.8 | 30.6 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 18.2 | -3.9 | -5.4 | -0.1 | - | 1.1 |
Net Cash Flow | 1,958 | -14.7 | 144.2 | -16.8 | -44.3 | 5 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -70.7 | 232.2 | 671.5 | -134.5 | -80.8 | 19.6 |
Free Cash Flow Growth | - | -65.42% | - | - | - | -72.58% |
Free Cash Flow Margin | -3.61% | 14.22% | 62.17% | -16.65% | -12.60% | 4.11% |
Free Cash Flow Per Share | -0.49 | 1.79 | 5.33 | -1.11 | -0.66 | 0.17 |
Levered Free Cash Flow | -47.28 | 192.69 | 635.55 | -105.65 | -95.2 | -8.63 |
Unlevered Free Cash Flow | -30.28 | 203.31 | 653.05 | -100.28 | -83.58 | 8.13 |
Free Cash Flow After Leases | -83.1 | 222 | 663.6 | -142.9 | -88.6 | 11.7 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 22 | 15 | 25.4 | 18.5 | 19.6 | 24.1 |
Cash Income Tax Paid | 30 | -4.3 | -14.5 | 6.7 | 5.2 | 0.6 |
Change in Working Capital | -132.7 | 154.3 | 636.5 | -95.6 | -26.7 | -13.6 |