MDA Space MDA
$28.40 +$1.56 (+5.81%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $28.41 +0.03%
Open$27.28
Prev close$26.84
Day range$26.06 – $28.71
Volume1.54M
Market cap$4.61B
P/E (TTM)53.8
Dividend yield–
Fundamentals
Latest reported quarter: Q2, ended Jun 2026 · reported in CAD
RevenueC$498.60M+33.6% YoY
Operating profitC$30.60M-29.8% YoY
Net profitC$27.90M+2.6% YoY
Diluted EPSC$0.20-4.3% YoY
Free cash flow-C$19.50M-106.2% YoY
Operating cash flowC$54.90M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin25.4%
Operating margin8.0%
Net margin5.7%
Return on equity6.7%
Return on assets3.1%
Return on invested capital5.8%
Current ratio0.75
Liabilities / assets49.8%
Cash & investmentsC$397.80M
Total debtC$359.20M
Net cash (debt)C$38.60M
This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.
Income statement
| Line item | 2026 Q2 (CAD) |
2026 Q1 (CAD) |
2025 ANNUAL (CAD) |
2025 Q4 (CAD) |
2025 Q3 (CAD) |
|---|---|---|---|---|---|
| Total Revenue as Reported | C$498.60M | C$464.10M | C$1.63B | C$499.10M | C$409.80M |
| Total Operating Revenue | C$498.60M | C$464.10M | C$1.63B | C$499.10M | C$409.80M |
| Cost of Revenue | C$372.70M | C$348.90M | C$1.22B | C$372.00M | C$301.70M |
| Gross Profit | C$125.90M | C$115.20M | C$409.70M | C$127.10M | C$108.10M |
| Operating Expense | C$95.30M | C$75.10M | C$251.90M | C$81.30M | C$75.00M |
| Selling and Admin Expenses | C$51.70M | C$36.00M | C$129.20M | C$35.30M | C$33.10M |
| -Selling & Marketing Expense | C$13.80M | C$11.80M | C$46.40M | C$10.40M | C$9.90M |
| -General & Admin Expense | C$37.90M | C$24.20M | C$82.80M | C$24.90M | C$23.20M |
| Research & Development | C$13.00M | C$8.60M | C$38.10M | C$14.70M | C$11.90M |
| Depreciation & Amortization & Depletion | C$30.60M | C$30.50M | C$84.60M | C$31.30M | C$30.00M |
| -Depreciation & Amortization | C$30.60M | C$30.50M | C$84.60M | C$31.30M | C$30.00M |
| Operating Profit | C$30.60M | C$40.10M | C$157.80M | C$45.80M | C$33.10M |
| Net Non-Operating Interest Income (Expense) | -C$1.60M | -C$5.40M | -C$9.20M | -C$2.90M | -C$3.70M |
| Non-Operating Interest Income | C$3.00M | C$1.00M | C$7.80M | C$700,000.00 | C$1.90M |
| Non-Operating Interest Expense | C$4.60M | C$6.40M | C$17.00M | C$3.60M | C$5.60M |
| Other Income (Expense) | C$12.60M | C$6.50M | C$3.80M | -C$10.40M | C$9.40M |
| Gain on Sale of Security | C$12.70M | C$8.00M | C$2.80M | -C$10.40M | C$8.40M |
| Earnings from Equity Interest | -C$100,000.00 | -C$1.50M | – | – | – |
| Pretax Profit | C$41.60M | C$41.20M | C$152.40M | C$32.50M | C$38.80M |
| Tax | C$13.70M | C$11.60M | C$43.90M | C$8.50M | C$14.40M |
| Net Profit | C$27.90M | C$29.60M | C$108.50M | C$24.00M | C$24.40M |
| Profit from Continuing Operations | C$27.90M | C$29.60M | C$108.50M | C$24.00M | C$24.40M |
| Net Income to Parent Company | C$27.90M | C$29.60M | C$108.50M | C$24.00M | C$24.40M |
| Net Income to Common Stockholders | C$27.90M | C$29.60M | C$108.50M | C$24.00M | C$24.40M |
| Basic EPS | C$0.20 | C$0.21 | C$0.87 | C$0.19 | C$0.19 |
| Diluted EPS | C$0.20 | C$0.21 | C$0.84 | C$0.18 | C$0.19 |
| Other Non-Operating Income (Expenses) | – | – | C$1.00M | C$0.00 | C$1.00M |
Balance sheet
| Line item | 2026 Q2 (CAD) |
2026 Q1 (CAD) |
2025 ANNUAL (CAD) |
2025 Q4 (CAD) |
2025 Q3 (CAD) |
|---|---|---|---|---|---|
| Total Assets | C$3.77B | C$3.80B | C$3.36B | C$3.36B | C$3.48B |
| Total Current Assets | C$926.90M | C$1.04B | C$614.50M | C$614.50M | C$790.10M |
| Cash and Cash Equivalents & Short-Term Investments | C$397.80M | C$544.00M | C$152.00M | C$152.00M | C$195.70M |
| -Cash and Cash Equivalents | C$397.80M | C$544.00M | C$152.00M | C$152.00M | C$195.70M |
| Receivables | C$452.20M | C$412.80M | C$385.70M | C$385.70M | C$508.60M |
| -Accounts Receivable | C$189.30M | C$149.00M | C$85.50M | C$85.50M | C$180.60M |
| -Taxes Receivable | C$59.50M | C$56.40M | C$52.90M | C$52.90M | C$43.60M |
| -Other Receivables | C$203.40M | C$207.40M | C$250.70M | C$250.70M | C$284.40M |
| Inventory | C$32.00M | C$37.00M | C$23.50M | C$23.50M | C$17.50M |
| Other Current Assets | C$44.90M | C$46.70M | C$53.30M | C$53.30M | C$68.30M |
| Total Non-Current Assets | C$2.84B | C$2.76B | C$2.74B | C$2.74B | C$2.69B |
| Net PPE | C$818.50M | C$777.10M | C$764.10M | C$764.10M | C$698.00M |
| -Gross PPE | C$922.80M | C$870.60M | C$848.90M | C$848.90M | C$775.80M |
| -Accumulated Depreciation | -C$104.30M | -C$93.50M | -C$84.80M | -C$84.80M | -C$77.80M |
| Investments and Advances | C$9.70M | C$9.80M | C$11.30M | C$11.30M | – |
| -Long Term Equity Investment | C$9.70M | C$9.80M | C$11.30M | C$11.30M | – |
| Goodwill and Other Intangible Assets | C$1.69B | C$1.68B | C$1.68B | C$1.68B | C$1.69B |
| -Goodwill | C$817.40M | C$804.90M | C$800.40M | C$800.40M | C$817.70M |
| -Other Intangible Assets | C$868.00M | C$872.70M | C$876.70M | C$876.70M | C$867.50M |
| Non-Current Deferred Assets | C$19.70M | C$15.40M | C$10.00M | C$10.00M | C$8.50M |
| Other Non-Current Assets | C$306.70M | C$275.90M | C$279.20M | C$279.20M | C$298.60M |
| Total Liabilities | C$1.88B | C$1.95B | C$2.00B | C$2.00B | C$2.15B |
| Total Current Liabilities | C$1.23B | C$1.31B | C$1.32B | C$1.32B | C$1.43B |
| Payables | C$621.80M | C$558.20M | C$479.50M | C$479.50M | C$437.30M |
| -Accounts Payable | C$546.20M | C$458.60M | C$391.40M | C$391.40M | C$366.00M |
| -Total Tax Payable | C$6.60M | C$12.80M | C$11.00M | C$11.00M | C$8.00M |
| -Other Payable | C$69.00M | C$86.80M | C$77.10M | C$77.10M | C$63.30M |
| Short-Term Debt and Capital Lease Obligation | C$19.10M | C$19.80M | C$20.20M | C$20.20M | C$20.40M |
| -Current Capital Lease Obligation | C$19.10M | C$19.80M | C$20.20M | C$20.20M | C$20.40M |
| Current Deferred Liabilities | C$578.80M | C$710.70M | C$798.90M | C$798.90M | C$959.80M |
| Other Current Liabilities | C$15.20M | C$19.80M | C$19.20M | C$19.20M | C$7.90M |
| Total Non-Current Liabilities | C$641.40M | C$641.10M | C$683.40M | C$683.40M | C$725.70M |
| Long Term Accounts Payable and Other Payables | C$24.10M | C$23.20M | C$23.40M | C$23.40M | C$25.00M |
| Long Term Debt and Capital Lease Obligation | C$359.20M | C$360.90M | C$390.90M | C$390.90M | C$410.90M |
| -Long Term Debt | C$245.00M | C$244.70M | C$272.00M | C$272.00M | C$289.30M |
| -Long Term Capital Lease Obligation | C$114.20M | C$116.20M | C$118.90M | C$118.90M | C$121.60M |
| Non-Current Deferred Liabilities | C$234.60M | C$233.70M | C$245.70M | C$245.70M | C$263.80M |
| Other Non-Current Liabilities | C$23.50M | C$23.30M | C$23.40M | C$23.40M | C$26.00M |
| Total Equity | C$1.89B | C$1.85B | C$1.36B | C$1.36B | C$1.33B |
| Stockholders' Equity | C$1.89B | C$1.85B | C$1.36B | C$1.36B | C$1.33B |
| Capital Stock | C$1.51B | C$1.50B | C$1.04B | C$1.04B | C$1.04B |
| -Common Stock | C$1.51B | C$1.50B | C$1.04B | C$1.04B | C$1.04B |
| Additional Paid-In Capital | C$40.40M | C$37.90M | C$36.00M | C$36.00M | C$28.50M |
| Retained Earnings | C$304.70M | C$276.80M | C$247.20M | C$247.20M | C$223.20M |
| Gains/Losses Not Affecting Retained Earnings | C$37.20M | C$30.10M | C$29.10M | C$29.10M | C$35.20M |
| -Receivables Adjustments Allowances | – | – | -C$3.40M | -C$3.40M | – |
Cash flow
| Line item | 2025 ANNUAL (CAD) |
2025 Q4 (CAD) |
2025 Q3 (CAD) |
2025 Q2 (CAD) |
2025 Q1 (CAD) |
|---|---|---|---|---|---|
| Operating Cash Flow | C$407.50M | C$54.90M | C$32.80M | C$52.80M | C$267.00M |
| Net cash flow from continuing operations | C$407.50M | C$54.90M | C$32.80M | C$52.80M | C$267.00M |
| Net Income from Continuing Operations | C$108.50M | C$24.00M | C$24.40M | C$27.20M | C$32.90M |
| Depreciation & Depletion & Amortization | C$140.60M | C$46.30M | C$43.40M | C$25.60M | C$25.30M |
| Deferred Tax | -C$2.20M | -C$6.80M | -C$3.10M | C$3.30M | C$4.40M |
| Other Non-Cash Items | C$9.20M | C$2.90M | C$3.70M | -C$600,000.00 | C$3.20M |
| Change in Working Capital | C$154.30M | C$1.00M | -C$45.80M | C$3.30M | C$195.80M |
| -Change in Receivables | C$54.60M | C$143.70M | -C$95.70M | – | -C$21.70M |
| -Change in Inventory | -C$12.50M | -C$6.00M | -C$1.00M | – | -C$4.30M |
| -Change in Prepaid Assets | C$17.70M | C$15.10M | -C$13.60M | – | C$16.10M |
| -Change in Payables and Accrued Expense | C$50.90M | -C$24.60M | C$14.40M | – | C$34.30M |
| -Change in Other Current Assets | -C$17.20M | C$9.50M | -C$8.20M | – | -C$10.20M |
| -Change in Other Current Liabilities | C$15.70M | C$8.50M | C$4.20M | – | -C$1.10M |
| -Change In Other Working Capital | C$45.10M | -C$145.20M | C$54.10M | – | C$182.70M |
| Net cash flow from investing | -C$614.60M | -C$84.40M | -C$429.30M | -C$39.40M | -C$61.50M |
| Net Cash Flow from Continuing Investing Activities | -C$614.60M | -C$84.40M | -C$429.30M | -C$39.40M | -C$61.50M |
| Net PPE Purchase and Sale | -C$175.30M | -C$38.80M | -C$49.80M | -C$46.90M | -C$39.80M |
| Net Intangibles Purchase and Sale | -C$100.10M | -C$35.60M | -C$19.70M | -C$22.90M | -C$21.90M |
| Net Business Purchase and Sale | -C$372.60M | -C$10.00M | -C$359.80M | -C$2.80M | – |
| Net Other Investing Changes | C$33.40M | C$0.00 | – | C$33.20M | C$200,000.00 |
| Financing Cash Flow | C$196.30M | -C$20.90M | -C$64.50M | C$275.40M | C$6.30M |
| Net Cash Flow from Continuing Financing Activities | C$196.30M | -C$20.90M | -C$64.50M | C$275.40M | C$6.30M |
| Net Issuance Payments Of Debt | C$166.60M | -C$13.10M | -C$65.60M | C$247.70M | -C$2.40M |
| Proceeds from Stock Option Exercised | C$38.00M | C$500,000.00 | C$1.10M | C$27.70M | C$8.70M |
| Net Other Financing Charges | -C$8.30M | – | – | – | – |
| Ending Cash Balance | C$152.00M | C$152.00M | C$195.70M | C$665.90M | C$376.30M |
| Net Change in Cash | -C$10.80M | -C$50.40M | -C$461.00M | C$288.80M | C$211.80M |
| Beginning Cash Balance | C$166.70M | C$195.70M | C$665.90M | C$376.30M | C$166.70M |
| Effect of Exchange Rate Changes | -C$3.90M | C$6.70M | -C$9.20M | C$800,000.00 | -C$2.20M |
| Free Cash Flow | C$132.10M | -C$19.50M | -C$36.70M | -C$17.00M | C$205.30M |
| Gain/Loss from Continuing Operations | – | – | – | -C$2.60M | -C$100,000.00 |
| Net Investment Purchase and Sale | – | – | – | C$0.00 | C$0.00 |
| Net Common Stock Issuance | – | – | – | C$0.00 | C$0.00 |
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