Quarterly ResultMay 7, 2026, 08:41 AM
MDA Space Q1 Revenue +32.2% to $464.1M; Net Income $29.6M
AI Summary
MDA Space Ltd. reported a significant increase in revenue for the first quarter of 2026, rising 32.2% to $464.1 million. However, net income for the quarter decreased by 10.0% to $29.6 million, with basic EPS falling to $0.23. The company's cash position substantially improved to $544.0 million, primarily driven by $441.5 million in proceeds from a share issuance. Operating cash flow saw a notable decline, while long-term debt was reduced.
Key Highlights
- Revenue increased by 32.2% to $464.1 million in Q1 2026 compared to Q1 2025.
- Net income decreased by 10.0% to $29.6 million in Q1 2026.
- Basic earnings per share (EPS) was $0.23, down from $0.27 in the prior year period.
- Cash balance surged to $544.0 million as of March 31, 2026, from $152.0 million at December 31, 2025.
- Proceeds from share issuance, net of transaction costs, totaled $441.5 million.
- Satellite Systems revenue grew to $313.1 million, up from $222.0 million in Q1 2025.
- Net cash generated from operating activities decreased to $60.9 million from $267.0 million.
- Long-term debt reduced to $244.7 million from $272.0 million at year-end 2025.