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Mind Cti (MNDO) Financials

MNDO
FY2025 annual
Revenue $19.5M -9.3% YoY
Net Income $2.6M -43.8% YoY
EPS (Diluted) $0.13 -40.9% YoY
Free Cash Flow $4.0M -3.5% YoY
Market Cap $19.9M as of Sep 3, 2026
Price / Sales 1.0x on $19.5M revenue, FY2025
Price / Earnings 7.6x on $2.6M net income, FY2025
Price / Book 0.9x on $23.0M equity, Q4 FY2025

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 Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed Mar 18, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MNDO SEC filings page.

Mind Cti (MNDO) reported $19.5M in revenue for fiscal year 2025, down 9.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI MNDO FY2025

The business is experiencing operating-cost compression: stable gross economics no longer translate into the prior level of operating profit.

FY2025 revenue contraction did not weaken gross margin, which held at 51.0%; that points away from a gross-cost problem and toward pressure below gross profit. Operating margin fell from 20.4% to 10.7%, showing that earnings deterioration was concentrated after production costs rather than in the core gross spread.

The company’s cash conversion is stronger than its earnings trend: FY2025 operating cash flow was $4.0M against $2.6M of net income. Free cash flow was essentially the same as operating cash flow because capital expenditures were only $27K, revealing a business that currently generates cash with minimal physical reinvestment.

At 0.3x debt-to-equity, financing remains primarily equity-based rather than debt-based. Short-term cushion narrowed as the current ratio moved from 5.8x to 3.8x, while cash distributions exceeded annual net income; liquidity flexibility weakened even though leverage stayed modest.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 68 / 100
Financial Health Score 68/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 Mind Cti'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.

Profitability
77

Mind Cti has an operating margin of 10.7%, meaning the company retains $11 of operating profit per $100 of revenue. This strong profitability earns a score of 77/100, reflecting efficient cost management and pricing power. This is down from 20.4% the prior year.

Growth
16

Mind Cti's revenue declined 9.3% year-over-year, from $21.4M to $19.5M. This contraction results in a growth score of 16/100.

Leverage
69

Mind Cti carries a low D/E ratio of 0.31, meaning only $0.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
87

With a current ratio of 3.83, Mind Cti holds $3.83 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 87/100.

Cash Flow
86

Mind Cti converts 20.3% of revenue into free cash flow ($4.0M). This strong cash generation earns a score of 86/100.

Returns
72

Mind Cti earns a strong 11.3% return on equity (ROE), meaning it generates $11 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is down from 19.1% the prior year.

Altman Z-Score Grey Zone
2.86

Mind Cti scores 2.86, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($19.9M) relative to total liabilities ($7.1M). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
4/8

Mind Cti passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.53x

For every $1 of reported earnings, Mind Cti generates $1.53 in operating cash flow ($4.0M OCF vs $2.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt
$8.1M
YoY+82.3%
QoQ+82.3%

Mind Cti held $8.1M in cash as of Q4 2025; long-term debt is not reported for that period.

Shares Outstanding
20M
YoY0.0%
QoQ0.0%

Mind Cti had 20M shares outstanding in Q4 2025. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

MNDO 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.

MNDO quarterly income statement
MetricQ4'2520-FQ4'2420-FQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

MNDO 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.

MNDO quarterly balance sheet
MetricQ4'2520-FQ4'2420-FQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K
Total Assets$30.2M-1.7%$30.7M-2.9%$31.6M-0.4%$31.7M-4.2%$33.1M+2.2%$32.4M+4.3%$31.1M+19.7%$26.0M-5.1%
Current Assets$16.1M-15.0%$18.9M-4.0%$19.7M-2.9%$20.3M-1.1%$20.5M+4.3%$19.7M+3.2%$19.1M+2.0%$18.7M-3.7%
Cash & Equivalents$8.1M+82.3%$4.5M+50.5%$3.0M-43.8%$5.3M+25.9%$4.2M-49.4%$8.3M+27.5%$6.5M+136.5%$2.7M-45.4%
Short-Term Investments$200K+3.6%$193K-98.6%$13.5M+11.8%$12.0M-14.4%$14.1M+96.0%$7.2M+5.7%$6.8M-22.0%$8.7M+42.8%
InventoryN/AN/AN/AN/AN/AN/A$4K0.0%$4K0.0%
Accounts Receivable$1.7M-31.4%$2.5M+8.8%$2.3M-2.6%$2.4MN/AN/AN/AN/A
Long-Term Investments$0$0$0$0-100.0%$208K-86.8%$1.6M+1121.7%$129K+22.9%$105K-80.7%
Goodwill$10.0M+28.9%$7.7M-1.8%$7.9M+1.1%$7.8M-1.8%$7.9M-2.6%$8.1M+2.9%$7.9M+45.7%$5.4M0.0%
Total Liabilities$7.1M+11.1%$6.4M-10.2%$7.1M-10.1%$7.9M-15.6%$9.4M+1.2%$9.3M+1.5%$9.2M+83.3%$5.0M-21.4%
Current Liabilities$4.2M+28.1%$3.3M-26.8%$4.5M-13.5%$5.2M-8.2%$5.6M-0.2%$5.6M-7.0%$6.1M+76.6%$3.4M-23.7%
Non-Current Liabilities$2.9M-6.7%$3.1M+17.5%$2.7M-3.6%$2.8M-26.7%$3.8M+3.2%$3.7M+18.2%$3.1M+98.1%$1.6M-15.7%
Total Equity$23.0M-5.1%$24.3M-0.8%$24.5M+2.9%$23.8M+0.3%$23.7M+2.6%$23.1M+5.4%$21.9M+4.5%$21.0M-0.2%
Retained Earnings-$3.5M-120.7%-$1.6M-17.8%-$1.3M+19.7%-$1.7M+3.5%-$1.7M+30.3%-$2.5M+19.7%-$3.1M+0.1%-$3.1M-8.1%

Not reported in any period shown, so not listed: Long-Term Debt.

MNDO 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.

MNDO quarterly cash flow statement
MetricQ4'2520-FQ4'2420-FQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

MNDO 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.

MNDO quarterly financial ratios
MetricQ4'2520-FQ4'2420-FQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K
Current Ratio3.83-1.9x5.78+1.4x4.41+0.5x3.92+0.3x3.64+0.2x3.49+0.3x3.14-2.3x5.44+1.1x
Debt-to-Equity0.310.0x0.260.0x0.290.0x0.33-0.1x0.400.0x0.400.0x0.42+0.2x0.24-0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, 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
Mind Cti MNDO FY2025 $19.5M $2.6M 13.4% $19.9M 68/100
SAGTEC GLOBAL LTD SAGT FY2025 $19.1M $1.8M 9.4% $12.1M 46/100
MMTEC INC MTC FY2025 $808K -$56.1M N/A $382.9M
Intelligent Protection Management Corp IPM FY2025 $23.6M -$2.0M -8.3% $23.9M 67/100
HEARTCORE ENTERPRISES INC HTCR FY2025 $9.0M $5.8M 64.6% $3.6M 37/100
Creative Realities Inc CREX FY2025 $57.2M -$8.3M -14.5% $35.7M 24/100

Frequently Asked Questions

What is Mind Cti's annual revenue?

Mind Cti (MNDO) reported $19.5M in total revenue for fiscal year 2025. This represents a -9.3% 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 Mind Cti's revenue growing?

Mind Cti (MNDO) revenue declined by 9.3% year-over-year, from $21.4M to $19.5M in fiscal year 2025.

Is Mind Cti profitable?

Yes, Mind Cti (MNDO) reported a net income of $2.6M in fiscal year 2025, with a net profit margin of 13.4%.

Mind Cti (MNDO) reported diluted earnings per share of $0.13 for fiscal year 2025. This represents a -40.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Mind Cti (MNDO) had EBITDA of $2.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Mind Cti (MNDO) had a gross margin of 51.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Mind Cti (MNDO) had an operating margin of 10.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Mind Cti (MNDO) had a net profit margin of 13.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Mind Cti (MNDO) paid $0.22 per share in dividends during fiscal year 2025.

Mind Cti (MNDO) has a return on equity of 11.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Mind Cti (MNDO) generated $4.0M in free cash flow during fiscal year 2025. This represents a -3.5% change compared to the previous fiscal year. 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.

Mind Cti (MNDO) generated $4.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Mind Cti (MNDO) had $30.2M in total assets as of fiscal year 2025, including both current and long-term assets.

Mind Cti (MNDO) invested $27K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Mind Cti (MNDO) invested $4.1M in research and development during fiscal year 2025.

Mind Cti (MNDO) had 20M shares outstanding as of fiscal year 2025.

Mind Cti (MNDO) had a current ratio of 3.83 as of fiscal year 2025, which is generally considered healthy.

Mind Cti (MNDO) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Mind Cti (MNDO) had a return on assets of 8.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Mind Cti (MNDO) trades at 7.6x earnings, its market capitalization divided by net income of $2.6M net income, FY2025. The market capitalization is $19.9M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Mind Cti (MNDO) trades at 1.0x sales, its market capitalization divided by revenue of $19.5M revenue, FY2025. The market capitalization is $19.9M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Mind Cti (MNDO) has an Altman Z-Score of 2.86, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Mind Cti (MNDO) 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.

Mind Cti (MNDO) has an earnings quality ratio of 1.53x, considered cash-backed (high quality). 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.

Mind Cti (MNDO) scores 68 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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. 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.

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