MDA Space reported strong financial performance with significant revenue and EBITDA growth, maintaining a robust backlog and making strategic acquisitions and investments. However, the termination of the EchoStar contract and delays in key programs pose challenges. The company's recognition as a leading satellite business highlights its industry position despite these setbacks.
Company Guidance
During the MDA Space Limited third quarter 2025 earnings call, management provided an optimistic financial outlook, reaffirming their full-year guidance with expected revenues between $1.57 billion and $1.63 billion, marking a 48% year-over-year growth at the midpoint. Adjusted EBITDA is projected to be between $305 million and $320 million, reflecting a 45% increase from the previous year. The company reported Q3 revenues of $410 million, a 45% increase year-over-year, with an adjusted EBITDA of $83 million, representing a 49% rise. MDA maintains a strong backlog of $4.4 billion, offering significant revenue visibility for 2025 and beyond, despite the termination of a $1.3 billion contract with EchoStar. The company remains engaged in discussions to finalize compensation for termination costs. Their strategic focus includes a $10 million investment in Maritime Launch Services to bolster Canada's space capabilities, with a keen eye on emerging defense market opportunities amidst rising global defense investments.
Strong Financial Performance
MDA Space reported Q3 2025 revenues of $410 million, up 45% year-over-year. Adjusted EBITDA was $83 million, up 49% year-over-year, with an adjusted EBITDA margin of 20.2%.
Record Backlog
The company ended the quarter with a backlog of $4.4 billion, providing revenue visibility for 2025, 2026, and beyond.
Strategic Acquisitions and Investments
MDA Space closed the acquisition of SatixFy Communications and announced a $10 million equity investment in Maritime Launch Services.
Recognition and Awards
MDA Space was named the 2025 Global Satellite Business of the Year by Novaspace.
MDA Space Ltd (TSE:MDA) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:MDA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 14, 2025
C$21.43
C$22.26
+3.87%
Aug 07, 2025
C$46.18
C$44.46
-3.72%
May 08, 2025
C$24.64
C$24.40
-0.97%
Mar 07, 2025
C$22.79
C$26.83
+17.73%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does MDA Space Ltd (TSE:MDA) report earnings?
MDA Space Ltd (TSE:MDA) is schdueled to report earning on Mar 12, 2026, After Close (Confirmed).
What is MDA Space Ltd (TSE:MDA) earnings time?
MDA Space Ltd (TSE:MDA) earnings time is at Mar 12, 2026, After Close (Confirmed).
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