Quarterly ResultMay 7, 2026, 09:32 AM
MDA Space Q1 Revenue $464.1M, up 32% YoY; Adjusted EBITDA $90.6M
AI Summary
MDA Space reported strong first quarter 2026 results, with revenues increasing 32.2% year-over-year to $464.1 million and Adjusted EBITDA rising 32.1% to $90.6 million. The company also achieved an Adjusted net income of $50.7 million, up 32.0% from the prior year. MDA Space reaffirmed its full-year 2026 financial outlook and highlighted a significant improvement in its net cash position to $299.3 million, largely driven by its recent US IPO.
Key Highlights
- Revenues of $464.1 million, up 32.2% year-over-year.
- Adjusted EBITDA of $90.6 million, up 32.1% year-over-year, with a 19.5% margin.
- Adjusted net income of $50.7 million, up 32.0% year-over-year.
- Backlog of $3.7 billion at quarter-end, providing revenue visibility into 2026 and beyond.
- Operating cash flow of $60.9 million; Free cash flow of $(27.6) million.
- Net cash position of $299.3 million at quarter-end, improved from net debt of $120.0 million.
- Reaffirmed 2026 full-year revenue guidance of $1.7 - $1.9 billion.
- Reaffirmed 2026 full-year Adjusted EBITDA guidance of $320 - $370 million.
Price Impact
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