Shares of Canada’s MDA Space (TSE:MDA) are up sharply in early trading on March 4 after the commercial satellite company reported record quarterly financial results.
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The Toronto-based company reported a fourth-quarter 2025 profit of C$24 million ($17.57 million U.S.) and its revenue rose 44% year-over-year to a record C$499.1 million. Management attributed the strong print to a boost in its satellite business.
MDA Space, which also makes robots and robotics systems, reported that it had a strong backlog of new orders that stood at C$4.01 billion at the end of last year. On an adjusted basis, MDA Space earned C$0.45 per share in its latest quarter, up 60% from C$0.28 a year earlier.
MDA’s Sector Breakdown
Breaking down its various business units, MDA Space said that its geointelligence revenue totaled C$62 million in its latest quarter, up from C$47.4 million a year earlier. The company’s robotics and space operations revenue amounted to C$65.7 million, up from C$64.7 million.
However, the real star of MDA’s print was its satellite systems division, which posted revenue of C$371.4 million, up 58% from C$234.5 million a year earlier. MDA has found its products and services in greater demand amid continued growth in the commercial space sector.
Is MDA Stock a Buy?
MDA Space stock has a consensus Strong Buy rating among six Wall Street analysts. That rating is based on six Buy recommendations issued in the last three months. The average MDA price target of C$46.25 implies 10.91% upside from current levels.
