MindWalk Holdings Corp. (HYFT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 6-K for Q3 FY2026, filed Mar 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HYFT SEC filings page.
MindWalk Holdings Corp. (HYFT) reported $20.3M in revenue over the twelve months to Jan 31, 2026, up 97.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of MindWalk Holdings Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for MindWalk Holdings Corp., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
MindWalk Holdings Corp. had 46M shares outstanding at the end of fiscal year 2025, against 27M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and MindWalk Holdings Corp. scores 25/100 among other emerging companies.
MindWalk Holdings Corp. spent $3.6M on research and development in fiscal year 2025, which was 31.1% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and MindWalk Holdings Corp. scores 63/100 among other emerging companies.
MindWalk Holdings Corp. reported revenue of $17.8M in fiscal year 2025, against $17.8M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and MindWalk Holdings Corp. scores 52/100 among other emerging companies.
MindWalk Holdings Corp.'s operations used $4.6M of cash in fiscal year 2025, against $2.3M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and MindWalk Holdings Corp. scores 82/100 among other emerging companies.
Not available for MindWalk Holdings Corp., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
MindWalk Holdings Corp. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
MindWalk Holdings Corp. reported a net loss of $21.9M while operations used $4.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
MindWalk Holdings Corp. generated $3.1M in revenue in Q3 2026. This represents an increase of 62.6% from the same quarter a year earlier. Against the prior quarter it is up 4.2%.
MindWalk Holdings Corp. reported a net loss of $2.9M in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
MindWalk Holdings Corp. earned -$0.06 per diluted share (EPS) in Q3 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2026.
Cash & Balance Sheet
MindWalk Holdings Corp. recorded an outflow of $2.2M in free cash flow in Q3 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
MindWalk Holdings Corp. held $10.5M in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Margins & Returns
MindWalk Holdings Corp.'s gross margin was 59.3% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.3 percentage points.
MindWalk Holdings Corp.'s net profit margin was -94.5% in Q3 2026, showing the share of revenue converted to profit. Against the prior quarter it is down 17.0 percentage points. No change is given against Q3 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
MindWalk Holdings Corp.'s quarterly ROE was -26.5% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 59.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.4 percentage points.
Not reported for Q3 2026.
Capital Allocation
MindWalk Holdings Corp. invested $895K in research and development in Q3 2026. This represents an increase of 41.7% from the same quarter a year earlier. Against the prior quarter it is up 2.4%.
MindWalk Holdings Corp. invested $23K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 70.5% from the same quarter a year earlier. Against the prior quarter it is down 56.7%.
Not reported for Q3 2026.
HYFT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'266-K | Q2'266-K | Q1'266-K | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'2420-F |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1M+62.6% | $2.9M+53.2% | $2.3M+27.5% | $12.1M+156.5% | $1.9M-59.4% | $1.9M-56.6% | $1.8M-58.6% | $4.7M |
| Cost of Revenue | $1.2M+86.8% | $1.0M+11.0% | $1.2M+11.4% | $5.2M+114.8% | $669K-70.4% | $940K-59.2% | $1.1M-51.8% | $2.4M |
| Gross Profit | $1.8M+49.2% | $1.9M+93.5% | $1.1M+50.8% | $6.8M+201.5% | $1.2M-49.0% | $982K-53.9% | $732K-65.6% | $2.3M |
| R&D Expenses | $895K+41.7% | $874K+21.2% | $758K-29.7% | $1.1M+21.2% | $632K-15.5% | $722K+20.0% | $1.1M+49.9% | $916K |
| Income Tax | -$13Kn/m | $18Kn/m | -$66Kn/m | $273Kn/m | -$2.1Mn/m | -$524Kn/m | -$482Kn/m | -$882K |
| Net Income | -$2.9Mn/m | -$2.3Mn/m | -$2.1Mn/m | -$1.6Mn/m | -$14.9Mn/m | -$1.8Mn/m | -$2.9Mn/m | -$12.8M |
| EPS (Basic) | -$0.06 | -$0.05 | -$0.07n/m | $0.04n/m | -$0.46n/m | -$0.06n/m | -$0.11n/m | -$0.49n/m |
| EPS (Diluted) | -$0.06 | -$0.05 | -$0.07n/m | $0.04n/m | -$0.46n/m | -$0.06n/m | -$0.11n/m | -$0.49n/m |
Not reported in any period shown, so not listed: SG&A Expenses, Operating Income, EBITDA, Interest Expense, Diluted Shares (Avg).
HYFT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'266-K | Q2'266-K | Q1'266-K | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'2420-F |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.0M-46.2% | $18.6M-56.7% | $29.4M-31.5% | $32.2M-26.2% | $31.5M-46.4% | $43.0M-21.0% | $43.0M | $43.6M-24.0% |
| Current Assets | $13.9M-3.3% | $15.5M+73.0% | $26.2M+228.1% | $13.6M+62.6% | $14.3M+27.5% | $9.0M-19.2% | $8.0M | $8.4M-32.6% |
| Cash & Equivalents | $10.5M+16.4% | $11.9M+357.1% | $3.6M+25.2% | $7.8M+203.1% | $9.0M+91.4% | $2.6M-40.9% | $2.9M-44.0% | $2.6M-58.2% |
| Inventory | $361K-72.8% | $379K-73.7% | $378K-72.0% | $1.5M-2.5% | $1.3M-29.8% | $1.4M-18.4% | $1.4M | $1.6M+2.4% |
| Goodwill | $0-100.0% | $0-100.0% | $0-100.0% | $6.0M+6.6% | $5.4M-61.0% | $5.7M-58.3% | $5.7M | $5.6M-60.5% |
| Total Liabilities | $6.0M-57.5% | $6.0M-69.4% | $14.4M-24.6% | $15.1M-14.7% | $14.1M-34.6% | $19.6M+15.2% | $19.2M | $17.7M+19.8% |
| Current Liabilities | $3.7M-39.9% | $3.7M-58.4% | $12.1M+49.0% | $6.5M+10.5% | $6.2M-9.0% | $8.9M+64.0% | $8.1M | $5.9M+35.3% |
| Non-Current Liabilities | $2.3M-71.2% | $2.3M-78.6% | $2.4M-78.4% | $8.5M-27.4% | $7.9M-46.3% | $10.7M-7.7% | $11.1M | $11.8M+13.2% |
| Total Equity | $11.0M-36.5% | $12.6M-44.8% | $15.0M-37.0% | $17.1M-34.1% | $17.3M-54.8% | $22.9M-40.2% | $23.8M-42.8% | $26.0M-39.9% |
| Retained Earnings | -$102.4Mn/m | -$96.3Mn/m | -$95.2Mn/m | -$93.3Mn/m | -$87.6Mn/m | -$75.4Mn/m | -$74.3M | -$71.7Mn/m |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments, Long-Term Debt.
HYFT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'266-K | Q2'266-K | Q1'266-K | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'2420-F |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.2Mn/m | -$2.0Mn/m | -$3.0Mn/m | -$826Kn/m | -$832Kn/m | -$1.6Mn/m | -$1.3Mn/m | -$1.1Mn/m |
| Depreciation & Amortization | $160K-83.4% | $148K-85.4% | $680K-32.7% | $661K-42.4% | $966K-1.2% | $1.0M+4.1% | $1.0M-10.9% | $1.1M-21.5% |
| Capital Expenditures | $23K-70.5% | $53K+13.3% | $204K+6.9% | $260K-68.3% | $77K-37.2% | $47K-78.4% | $190K+84.3% | $820K+140.5% |
| Free Cash Flow | -$2.2Mn/m | -$2.1Mn/m | -$3.2Mn/m | -$1.1Mn/m | -$909Kn/m | -$1.7Mn/m | -$1.5Mn/m | -$2.0Mn/m |
| Investing Cash Flow | -$9.5Mn/m | -$53Kn/m | -$429Kn/m | -$260Kn/m | -$77K-281.9% | -$47Kn/m | -$190Kn/m | -$808Kn/m |
| Financing Cash Flow | -$9.8M-234.6% | $10.0M+576.9% | -$268K-113.7% | -$303K-137.1% | $7.3M+1492.5% | $1.5Mn/m | $2.0Mn/m | $817Kn/m |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
HYFT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'266-K | Q2'266-K | Q1'266-K | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'2420-F |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.3%-5.3pp | 64.5%+13.4pp | 48.3%+7.5pp | 56.5%+8.4pp | 64.5%+13.2pp | 51.1%+3.1pp | 40.8%-8.3pp | 48.1% |
| Net Margin | -94.5% | -77.5%+17.8pp | -93.6% | -13.0% | -788.9% | -95.3%-56.1pp | -161.7% | -272.7% |
| Return on Equity | -26.5%+59.8pp | -18.0%-10.0pp | -14.3%-2.1pp | -9.1%+40.2pp | -86.3%-81.0pp | -8.0%-3.5pp | -12.2%-5.9pp | -49.4% |
| Return on Assets | -17.1%+30.2pp | -12.2%-8.0pp | -7.3%-0.5pp | -4.9%+24.5pp | -47.3%-43.9pp | -4.3%-1.1pp | -6.7% | -29.4% |
| Current Ratio | 3.74+1.4x | 4.19+3.2x | 2.17+1.2x | 2.08+0.7x | 2.32+0.7x | 1.01-1.0x | 0.99 | 1.41-1.4x |
| Liabilities-to-Equity | 0.55-0.3x | 0.47-0.4x | 0.96+0.2x | 0.88+0.2x | 0.82+0.3x | 0.86+0.4x | 0.81 | 0.68+0.3x |
| Asset Turnover | 0.18+0.1x | 0.16+0.1x | 0.080.0x | 0.37+0.3x | 0.060.0x | 0.040.0x | 0.04 | 0.11 |
| FCF Margin | -72.2%-24.0pp | -71.4%+14.8pp | -142.2% | -9.0%+32.9pp | -48.2%-29.0pp | -86.2%-81.0pp | -84.4%-72.2pp | -41.9% |
Not reported in any period shown, so not listed: Operating Margin, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| MindWalk Holdings Corp. HYFT | FY2025 | $17.8M | -$21.9M | N/A | $56.5M | 56/100 |
| TScan Therapeutics, Inc. TCRX | FY2025 | $10.3M | -$129.8M | N/A | $14.7M | 47/100 |
| MacroGenics, Inc. MGNX | FY2025 | $149.5M | -$74.6M | -49.9% | $231.2M | 57/100 |
| Coya Therapeutics, Inc. COYA | FY2025 | $7.9M | -$21.2M | N/A | $97.1M | 63/100 |
Where MindWalk Holdings Corp. Ranks
Frequently Asked Questions
What is MindWalk Holdings Corp.'s annual revenue?
MindWalk Holdings Corp. (HYFT) reported $17.8M in total revenue for fiscal year 2025. This represents a -0.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is MindWalk Holdings Corp.'s revenue growing?
MindWalk Holdings Corp. (HYFT) revenue declined by 0.4% year-over-year, from $17.8M to $17.8M in fiscal year 2025.
Is MindWalk Holdings Corp. profitable?
No, MindWalk Holdings Corp. (HYFT) reported a net loss of $8.9M over the trailing 12 months to January 31, 2026. In fiscal year 2025 it reported a net loss of $21.9M.
What is MindWalk Holdings Corp.'s gross margin?
MindWalk Holdings Corp. (HYFT) had a gross margin of 55.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is MindWalk Holdings Corp.'s return on equity (ROE)?
MindWalk Holdings Corp. (HYFT) has a return on equity of -128.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is MindWalk Holdings Corp.'s free cash flow?
MindWalk Holdings Corp. (HYFT) recorded an outflow of $5.2M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is MindWalk Holdings Corp.'s operating cash flow?
MindWalk Holdings Corp. (HYFT) recorded an outflow of $4.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are MindWalk Holdings Corp.'s total assets?
MindWalk Holdings Corp. (HYFT) had $32.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are MindWalk Holdings Corp.'s capital expenditures?
MindWalk Holdings Corp. (HYFT) invested $579K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does MindWalk Holdings Corp. spend on research and development?
MindWalk Holdings Corp. (HYFT) invested $3.6M in research and development during fiscal year 2025.
What is MindWalk Holdings Corp.'s current ratio?
MindWalk Holdings Corp. (HYFT) had a current ratio of 2.08 as of fiscal year 2025, which is generally considered healthy.
What is MindWalk Holdings Corp.'s liabilities-to-equity ratio?
MindWalk Holdings Corp. (HYFT) had a liabilities-to-equity ratio of 0.88 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is MindWalk Holdings Corp.'s return on assets (ROA)?
MindWalk Holdings Corp. (HYFT) had a return on assets of -68.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is MindWalk Holdings Corp.'s P/E ratio?
MindWalk Holdings Corp. (HYFT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to January 31, 2026). The market capitalization is $56.5M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MindWalk Holdings Corp.'s price-to-sales ratio?
MindWalk Holdings Corp. (HYFT) trades at 2.8x sales, its market capitalization divided by $20.3M revenue, trailing 12 months to January 31, 2026. The market capitalization is $56.5M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MindWalk Holdings Corp.'s Piotroski F-Score?
MindWalk Holdings Corp. (HYFT) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MindWalk Holdings Corp.'s earnings high quality?
MindWalk Holdings Corp. (HYFT) reported a net loss of $21.9M while operations used $4.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is MindWalk Holdings Corp.?
MindWalk Holdings Corp. (HYFT) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For MindWalk Holdings Corp. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.