MDA Space Ltd. (MDA)
MDA Space Ltd. operates as a crucial international collaborator in the space sector, furnishing sophisticated technology, innovative solutions, and vital services to the flourishing global space market. The company organizes its activities across three primary segments. Its Geointelligence division provides comprehensive, turnkey solutions and services pertaining to Earth observation and intelligence systems. The Robotics and Space Operations division contributes to humanity's endeavors in space exploration and infrastructure development by supplying autonomous robotics and advanced vision sensors specifically engineered for deployment in orbit, on the lunar surface, and on Mars. Finally, the Satellite Systems division focuses on creating essential sub-systems and complete spacecraft. This includes pioneering communication technologies like space-based broadband internet and direct satellite-to-device connectivity from non-geostationary orbits, specifically Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) constellations, as well as offerings that span the full range of communication frequencies. Established on June 2, 2020, MDA Space Ltd. is headquartered in Brampton, Canada.
Sector: Guided Missiles & Space Vehicles & Parts
Industry: Aerospace & Defense
MDA Space Ltd
NYSE:MDATechnology · Hardware, Equipment & Parts
+3.02%$27.61
AH Close$27.61+0.00%vs close
AH Close$27.61+0.00%vs close
Mkt Cap$4.48B
Float162.13M
O/S162.13M
Inst Own47.9%
SI3.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.19B
Net Income$79.01M
Total Assets$2.44B
Free Cash Flow$169.09M
Debt & Equity
Debt 23%
Equity 77%
Total Debt$299.36M
Total Equity$986.71M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MDA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.44B
Liabilities$1.46B
Accounts Receivable$280.87M
Accounts Payable$285.02M
Inventory$17.11M
PP&E (Net)$556.42M
Goodwill$582.85M
Intangible Assets$638.41M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $1.19B | $750.56M | $609.33M | $473.01M | $377.04M | $232.03M |
| YoY Growth | 58.5% | 23.2% | 28.8% | 25.5% | 62.5% | - |
| Cost of Revenue | $952.56M | $587.47M | $460.32M | $343.25M | $288.89M | $205.49M |
| Gross Profit | $236.74M | $163.09M | $149.01M | $129.76M | $88.15M | $26.53M |
| Gross Margin | 19.9% | 21.7% | 24.5% | 27.4% | 23.4% | 11.4% |
| Research and Development | $60.08M | $55.04M | $54.02M | $64.4M | $36.92M | $14.91M |
| Selling, General, and Administrative | $94.08M | $63.24M | $60.89M | $50.53M | $56.77M | $43.33M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $154.16M | $118.27M | $114.91M | $114.93M | $93.69M | $58.24M |
| Operating Income (EBIT) | $82.58M | $44.82M | $34.1M | $14.83M | -$5.53M | -$31.71M |
| Operating Margin | 6.9% | 6.0% | 5.6% | 3.1% | -1.5% | -13.7% |
| Interest Expense | $12.38M | $19.46M | $6.49M | $21.47M | $25.46M | $23.08M |
| Interest Income | $5.68M | $4.86M | $1.51M | $0 | $0 | $0 |
| Other Income (Expense) | -$3.93M | $2.92M | -$7.7M | -$29.8M | -$5.77M | -$2.9M |
| Income Before Tax (EBT) | $78.65M | $47.74M | $26.41M | -$14.98M | -$11.31M | -$34.62M |
| Income Tax Expense | -$364K | -$7.44M | -$10.41M | -$34.38M | -$13.6M | -$21.04M |
| Net Income | $79.01M | $55.18M | $36.82M | $19.4M | $2.29M | -$13.58M |
| Net Income Margin | 6.6% | 7.4% | 6.0% | 4.1% | 0.6% | -5.9% |
| Supplementary Data | ||||||
| EPS | 0.64 | 0.46 | 0.31 | 0.16 | 0.02 | -0.12 |
| Diluted EPS | 0.61 | 0.44 | 0.30 | 0.16 | 0.02 | -0.12 |
| Weighted Average OS | 124.25M | 120.09M | 119.25M | 119.01M | 118.69M | 117.78M |
| EBITDA | $193.41M | $130.43M | $91.82M | $62.7M | $77.24M | $14.05M |
| EBITDA Margin | 16.3% | 17.4% | 15.1% | 13.3% | 20.5% | 6.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $110.69M | $115.84M | $16.98M | $28.99M | $66.09M | $61.7M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $110.69M | $115.84M | $16.98M | $28.99M | $66.09M | $61.7M |
| Accounts Receivable | $280.87M | $264.06M | $301.72M | $229.87M | $149.74M | $180.85M |
| Inventory | $17.11M | $5.63M | $7.47M | $5.53M | $6.32M | $5.1M |
| Other Current Assets | $38.81M | $49.82M | $18.33M | $14.61M | $10.12M | $9.58M |
| Total Current Assets | $447.48M | $435.35M | $344.5M | $279M | $232.28M | $257.22M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $556.42M | $425.28M | $332.66M | $178.67M | $98.59M | $71.66M |
| Goodwill | $582.85M | $306.45M | $331.83M | $309.76M | $331.97M | $329.59M |
| Intangible Assets | $638.41M | $403.04M | $439.5M | $407.51M | $451.59M | $462.32M |
| Long-Term Investments | $8.23M | $0 | $0 | $0 | $0 | $7.14M |
| Deferred Tax Assets | $7.28M | $6.88M | $11.24M | $14.09M | $15.26M | $8.79M |
| Other Long-Term Assets | $203.31M | $228M | $171.27M | $102.54M | $83.57M | $5.49M |
| Total Long-Term Assets | $2B | $1.37B | $1.29B | $1.01B | $980.98M | $885.01M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.44B | $1.81B | $1.63B | $1.29B | $1.21B | $1.14B |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $285.02M | $172.82M | $165.31M | $91.7M | $56.37M | $51.57M |
| Short-Term Debt | $14.71M | $11.26M | $8.22M | $4.94M | $6.25M | $23.39M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $581.76M | $529.03M | $58.02M | $81.74M | $72.34M | $57.54M |
| Other Current Liabilities | $13.98M | $1.88M | $3.4M | $7.97M | $3.64M | $14.84M |
| Total Current Liabilities | $959.62M | $758.14M | $281.58M | $235.03M | $178.6M | $190.27M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $198.07M | $0 | $331.15M | $179.7M | $114.4M | $422.06M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $178.92M | $128.83M | $136.41M | $120.84M | $125.23M | $124.57M |
| Other Long-Term Liabilities | $34.08M | $17.03M | $21.81M | $16.67M | $28.54M | $36.34M |
| Total Long-Term Liabilities | $497.65M | $229.66M | $546.11M | $318.39M | $274.34M | $592.94M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.46B | $987.8M | $827.69M | $553.42M | $452.93M | $783.2M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $759.29M | $678.08M | $721.38M | $702M | $751.62M | $377.08M |
| Retained Earnings | $180.01M | $96.38M | $44.29M | $7.3M | -$11.38M | -$13.58M |
| Comprehensive Income & Other | $21.19M | $16.33M | $14.03M | $10.4M | $6.72M | -$8.32M |
| Other Stockholders' Equity | $47.41M | $42.74M | $37.65M | $28.84M | $20.08M | -$4.47M |
| Total Equity | $986.71M | $817.2M | $803.32M | $738.14M | $760.32M | $359.03M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.44B | $1.81B | $1.63B | $1.29B | $1.21B | $1.14B |
| Supplementary Data | ||||||
| Total Debt | $299.36M | $95.06M | $396.11M | $185.83M | $126.81M | $455.42M |
| Net Debt | $188.68M | -$20.78M | $379.14M | $156.84M | $60.72M | $393.72M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | $79.01M | $55.18M | $36.82M | $19.4M | $2.29M | -$13.58M |
| Depreciation & Amortization | $102.38M | $63.24M | $58.93M | $56.21M | $63.09M | $45.76M |
| Deferred Income Tax | $0 | $0 | $5.73M | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $39.76M | $4.66M | -$52.51M | -$73.92M | -$14.23M | $19.39M |
| Inventory | -$9.1M | -$1.04M | -$1.81M | $369K | -$1.19M | -$1.1M |
| Accounts Payable | $37.07M | $29.88M | $50.02M | $43.97M | -$1.26M | -$20.25M |
| Other Working Capital | $44.64M | $408.81M | -$67.83M | $9.89M | $5.93M | $30.85M |
| Total Working Capital Change | $112.36M | $442.3M | -$72.13M | -$19.7M | -$10.75M | $28.89M |
| Other Non-Cash Items | $2.99M | $4.03M | -$19.16M | -$13.87M | $2.37M | -$16.8M |
| Net Cash from Operating | $296.74M | $564.75M | $10.19M | $42.05M | $57M | $44.27M |
| Investing Activities | ||||||
| Capital Expenditures | -$200.55M | -$142.39M | -$145.77M | -$132.86M | -$74.79M | -$10.44M |
| Acquisitions | -$263.9M | -$13.83M | -$18.41M | $0 | $0 | -$781.79M |
| Purchases of Investments | -$7.28M | -$6.39M | $0 | $0 | -$4.9M | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $24.18M | $4.86M | $0 | $0 | $1.58M | $0 |
| Net Cash from Investing | -$447.55M | -$157.74M | -$164.18M | -$132.86M | -$78.11M | -$792.23M |
| Financing Activities | ||||||
| Debt Repaid | -$122.7M | $305.76M | -$147.13M | -$63.52M | $335.29M | -$438.54M |
| Common Stock Issuance | $36.41M | $8.2M | $604K | $369K | $365.73M | $377.08M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$16.17M | -$5.49M | -$6.34M | -$5.75M | -$6.25M | -$4.4M |
| Net Cash from Financing | $142.95M | -$303.05M | $141.39M | $58.13M | $24.19M | $811.22M |
| Forex Effect | $2.71M | -$5.09M | $585K | -$4.42M | $1.32M | -$1.57M |
| Net Change in Cash | -$5.15M | $98.86M | -$12.02M | -$37.1M | $4.4M | $61.7M |
| Supplementary Data | ||||||
| Operating Cash Flow | $296.74M | $564.75M | $10.19M | $42.05M | $57M | $44.27M |
| Capital Expenditure | -$127.65M | -$98.12M | -$111.67M | -$101.66M | -$41.51M | -$2.2M |
| Free Cash Flow | $169.09M | $466.63M | -$101.48M | -$59.61M | $15.5M | $42.07M |
| Cash at Beginning | $115.84M | $16.98M | $28.99M | $66.09M | $61.7M | $0 |
| Cash at End | $110.69M | $115.84M | $16.98M | $28.99M | $66.09M | $61.7M |