Mynd.ai, Inc. MYND
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Market cap
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.12
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $167.9M | $267.4M | $411.8M | $584.7M | $448.2M | $26.0M | $182.3M | $156.5M | $140.8M | $108.5M |
| Cost of revenue | $132.6M | $201.1M | $311.3M | $443.6M | $309.2M | $22.2M | $155.5M | $130.9M | $111.3M | $91.6M |
| Gross profit | $35.3M | $66.2M | $100.5M | $141.1M | $139.0M | $3.7M | $26.7M | $25.6M | $29.5M | $16.9M |
| R&D | $12.8M | $25.3M | $34.6M | $41.5M | $35.6M | — | — | — | — | — |
| SG&A | $26.5M | $33.4M | $31.0M | $34.6M | $31.3M | $4.9M | $23.8M | $26.4M | $18.4M | $7.4M |
| Total operating expenses | $85.4M | $104.3M | $146.5M | $137.7M | $127.9M | $5.0M | $26.6M | $28.7M | $20.2M | $9.3M |
| Operating income | -$50.1M | -$38.0M | -$46.0M | $3.4M | $11.1M | -$1.3M | $166.0K | -$3.0M | $9.3M | $7.6M |
| Interest expense | $10.1M | $10.4M | $4.7M | $1.8M | $173.0K | — | — | — | — | — |
| Pre-tax income | -$54.5M | -$35.7M | -$48.4M | $7.1M | $8.6M | $3.3M | $2.0M | $1.0M | $10.6M | $8.2M |
| Income tax | $384.0K | $68.7M | $9.7M | $26.0M | $1.8M | $321.0K | $3.5M | $2.5M | $3.8M | $2.2M |
| Net income | -$54.1M | -$95.7M | -$39.4M | $20.5M | -$1.1M | $3.0M | -$2.2M | -$1.7M | $6.5M | $5.9M |
| EPS, basic | -0.12 | -0.21 | -0.09 | 0.05 | 0.00 | 0.07 | -0.09 | -0.06 | 0.29 | 0.28 |
| EPS, diluted | -0.12 | -0.21 | -0.09 | 0.05 | 0.00 | 0.06 | -0.09 | -0.06 | 0.27 | 0.26 |
| Shares, diluted (wtd. avg.) | $456.8M | $456.5M | $428.0M | $426.4M | $426.4M | $28.9M | $28.1M | $29.2M | $26.6M | $24.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.5M | $75.3M | $91.8M | $29.3M | $40.5M | $37.8M | $69.4M | $104.8M | $159.2M | $46.6M |
| Receivables | $24.8M | $30.5M | $63.7M | $61.1M | $778.0K | $651.0K | $2.8M | $876.0K | $901.0K | $1.0M |
| Inventory | $29.7M | $28.6M | $53.9M | $111.2M | $116.0K | $69.0K | $7.3M | $4.8M | $3.5M | $3.0M |
| Total current assets | $84.1M | $147.6M | $227.2M | $227.9M | $32.3M | $31.8M | $91.6M | $121.6M | $172.8M | $64.0M |
| Property, plant and equipment | $11.8M | $14.6M | $7.0M | $3.0M | $4.1M | $3.4M | $50.1M | $45.9M | $40.2M | $29.4M |
| Goodwill | $45.0M | $44.1M | $46.9M | $42.0M | $34.3M | $34.3M | $52.7M | $25.1M | $428.0K | $401.0K |
| Other intangibles | $36.2M | $39.5M | $43.7M | $48.0M | $10.3M | $11.5M | $17.7M | $4.5M | — | — |
| Total assets | $182.5M | $252.6M | $407.0M | $368.8M | $76.0M | $78.2M | $336.1M | $243.5M | $229.7M | $104.4M |
| Accounts payable | $37.9M | $40.5M | $59.1M | — | — | — | — | — | — | — |
| Short-term debt | $2.9M | $10.9M | $31.9M | $48.0M | — | $7.0K | $87.0K | — | — | — |
| Total current liabilities | $110.2M | $130.1M | $186.2M | $206.6M | $8.5M | $8.3M | $125.9M | $108.3M | $97.0M | $80.3M |
| Long-term debt | $61.1M | $58.1M | $64.9M | $52.8M | — | — | — | — | — | — |
| Total liabilities | $200.0M | $224.3M | $286.4M | $231.8M | $17.5M | $19.5M | $219.4M | $128.5M | $124.4M | $100.4M |
| Retained earnings | -$508.6M | -$454.6M | -$358.9M | -$316.0M | -$29.8M | -$31.2M | -$33.6M | -$30.4M | -$28.9M | -$35.5M |
| Total equity | -$17.5M | $28.4M | $120.6M | $133.6M | $116.0M | $33.2M | $55.9M | $113.3M | $105.3M | $4.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$45.5M | $786.0K | -$2.4M | -$5.3M | -$21.9M | $6.2M | $13.0M | $828.0K | $25.1M | $35.1M |
| Depreciation and amortisation | $9.0M | $5.7M | $5.0M | $4.5M | $6.1M | $708.0K | $9.3M | $7.5M | $6.1M | $4.8M |
| Stock-based compensation | $2.9M | $3.7M | $0 | $0 | $189.0K | $507.0K | $4.0M | $6.7M | $4.0M | — |
| Capital expenditure | $94.0K | $1.3M | $389.0K | $829.0K | $1.2M | $849.0K | $12.5M | $11.5M | $11.9M | $11.3M |
| Investing cash flow | -$2.6M | $4.3M | $19.3M | -$15.8M | -$1.2M | -$2.2M | -$34.4M | -$51.7M | -$8.7M | -$12.1M |
| Financing cash flow | -$8.4M | -$22.6M | $44.4M | $11.3M | $25.5M | $556.0K | -$13.5M | -$756.0K | $92.5M | $1.4M |
| Dividends paid | — | — | — | $4.2M | — | — | — | — | — | — |
| Buybacks | — | — | — | — | — | $12.0M | $12.0M | $12.0M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001708441-26-000055.
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