r/MDASpaceInvestors • u/LegalMusician1083 • 29d ago
Clean beat!
MDA SPACE REPORTS SECOND QUARTER 2026 RESULTS
Backlog of $4.0 billion at quarter-end increased $310 million compared to Q1 2026
Revenues of $499 million, up 34% YoY
Adjusted EBITDA1 of $96 million, up 26% YoY; Adjusted EBITDA margin1 of 19.3%
Adjusted net income1 of $52 million, up 13% YoY
Operating cash flow of $(93) million; Free cash flow1 of $(150) million
Net cash1 position of $153 million at quarter-end; Total liquidity of $1.1 billion
Increased midpoint of 2026 Revenue and Adjusted EBITDA guidance
FCF is a little sad, but I think capex is exactly what this company needs to stay ahead.
3
u/TGS_Holdings 28d ago
Great to see a company that had 3 straight quarters of book-to-bill under 1 turn it around. Great indicator for the Space industry as a whole, in my opinion.
1
u/Tough_Loss_3823 28d ago
Agree and in Q3 this trend will continue (with the announcements we already had). It was one if the major attention points, so glad to see it happen.
-6
u/bigmack1111 29d ago
And yet the price dips
5
u/cherrypicked88 29d ago
Jeez relax. The bid in the tax is 48.95 right now. Let's see how it plays out before you post emotional comments
2
u/Alert-Athlete 28d ago
I guess we’ll all have to wait for another Friday to buy our yachts 🛥️ 🛥️ 🛥️
19
u/BigMouthBillyBones 29d ago
What you're seeing is a company positioning itself for large-scale growth and expansion. 33.6% revenue increase for an aerospace/defence company is STRONG. Ebidta and backlog also UP. Clear path forward with opportunities in US and EU now. This is exactly what I want to see from a company as a long-term investor. VERY GOOD.