MONDEE HOLDINGS INC Financials
This page shows MONDEE HOLDINGS INC (MOND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
MONDEE HOLDINGS INC has an operating margin of -9.2%, meaning the company retains $-9 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -41.6% the prior year.
MONDEE HOLDINGS INC's revenue surged 40.0% year-over-year to $223.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
MONDEE HOLDINGS INC's current ratio of 1.07 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.
While MONDEE HOLDINGS INC generated -$21.9M in operating cash flow, capex of $11.7M consumed most of it, leaving -$33.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
MONDEE HOLDINGS INC passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, MONDEE HOLDINGS INC generates $0.36 in operating cash flow (-$21.9M OCF vs -$60.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
MONDEE HOLDINGS INC earns $-0.6 in operating income for every $1 of interest expense (-$20.5M vs $35.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
MONDEE HOLDINGS INC generated $223.3M in revenue in fiscal year 2023. This represents an increase of 40.0% from the prior year.
MONDEE HOLDINGS INC's EBITDA was -$4.4M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 91.9% from the prior year.
MONDEE HOLDINGS INC generated -$33.6M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 88.1% from the prior year.
MONDEE HOLDINGS INC reported -$60.8M in net income in fiscal year 2023. This represents an increase of 32.6% from the prior year.
MONDEE HOLDINGS INC earned $-0.94 per diluted share (EPS) in fiscal year 2023. This represents an increase of 29.9% from the prior year.
MONDEE HOLDINGS INC held $28.0M in cash against $150.7M in long-term debt as of fiscal year 2023.
MONDEE HOLDINGS INC's operating margin was -9.2% in fiscal year 2023, reflecting core business profitability. This is up 32.4 percentage points from the prior year.
MONDEE HOLDINGS INC's net profit margin was -27.2% in fiscal year 2023, showing the share of revenue converted to profit. This is up 29.3 percentage points from the prior year.
MONDEE HOLDINGS INC spent $10.0M on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding.
MONDEE HOLDINGS INC invested $11.7M in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 61.6% from the prior year.
MOND Income Statement
| Metric | Q2'24 | Q1'24 | Q2'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $58.3M+0.5% | $58.0M-6.6% | $62.1M+13.9% | $54.5M-3.9% | $56.8M+13.7% | $49.9M+41.5% | $35.3M-10.6% | $39.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $3.8M |
| Operating Income | -$10.3M-25.8% | -$8.2M-13.2% | -$7.2M-160.5% | -$2.8M+52.6% | -$5.9M-25.9% | -$4.6M+55.8% | -$10.5M+81.5% | -$56.8M |
| Interest Expense | $12.8M+29.1% | $9.9M-0.7% | $10.0M+14.4% | $8.7M+3.9% | $8.4M+2.4% | $8.2M+23.2% | $6.7M-6.8% | $7.2M |
| Income Tax | -$4K-100.6% | $645K+111.5% | -$5.6M-1574.8% | $381K-81.0% | $2.0M+187.3% | $699K+244.4% | -$484K-250.8% | $321K |
| Net Income | -$25.5M-31.1% | -$19.5M-47.5% | -$13.2M+34.3% | -$20.1M-37.6% | -$14.6M-13.1% | -$12.9M+21.9% | -$16.5M+74.4% | -$64.6M |
| EPS (Diluted) | $-0.36-20.0% | $-0.30 | N/A | $-0.29-31.8% | $-0.22-46.7% | $-0.15 | N/A | $-0.89 |
MOND Balance Sheet
| Metric | Q2'24 | Q1'24 | Q2'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $362.8M-6.8% | $389.3M-0.8% | $392.4M+7.3% | $365.6M-3.6% | $379.1M+10.7% | $342.3M+32.6% | $258.1M-11.5% | $291.8M |
| Current Assets | $148.9M-13.6% | $172.3M-0.5% | $173.1M-2.1% | $176.7M-7.7% | $191.6M+20.3% | $159.3M+33.1% | $119.7M-20.9% | $151.2M |
| Cash & Equivalents | $23.3M-40.0% | $38.9M+38.9% | $28.0M-29.8% | $39.9M-18.6% | $49.0M-16.3% | $58.5M-25.8% | $78.8M-25.1% | $105.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | $116.6M+7.7% | $108.3M-2.2% | $110.7M+37.0% | $80.8M+271.6% | $21.7M-15.6% | $25.8M |
| Goodwill | $82.8M-5.4% | $87.5M-0.6% | $88.1M+14.1% | $77.2M+1.5% | $76.0M-7.5% | $82.2M+23.7% | $66.4M0.0% | $66.4M |
| Total Liabilities | $474.4M-0.4% | $476.4M+4.1% | $457.6M+8.9% | $420.3M+1.5% | $413.9M+12.2% | $369.0M+28.4% | $287.4M-4.5% | $301.0M |
| Current Liabilities | $162.2M-5.7% | $172.0M+6.5% | $161.6M+0.3% | $161.1M+4.0% | $154.9M+41.9% | $109.1M+91.5% | $57.0M-26.9% | $78.0M |
| Long-Term Debt | $164.1M+6.2% | $154.5M+2.6% | $150.7M+3.8% | $145.1M-0.3% | $145.5M | N/A | $126.9M | N/A |
| Total Equity | -$111.6M-28.0% | -$87.2M-33.7% | -$65.2M-19.1% | -$54.8M-57.3% | -$34.8M-30.4% | -$26.7M+8.9% | -$29.3M-218.1% | -$9.2M |
| Retained Earnings | -$386.0M-7.1% | -$360.5M-5.7% | -$341.1M-4.0% | -$327.9M-6.5% | -$307.8M-5.0% | -$293.2M-4.6% | -$280.3M-6.3% | -$263.7M |
MOND Cash Flow Statement
| Metric | Q2'24 | Q1'24 | Q2'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.6M-140.7% | $18.7M+320.1% | -$8.5M-753.0% | -$994K+59.0% | -$2.4M+75.7% | -$10.0M-0.6% | -$9.9M-1061.8% | -$854K |
| Capital Expenditures | $2.9M-40.5% | $4.9M+19.4% | $4.1M+28.3% | $3.2M+27.1% | $2.5M+27.3% | $2.0M+6.3% | $1.9M-4.7% | $1.9M |
| Free Cash Flow | -$10.5M-176.2% | $13.8M+209.7% | -$12.6M-200.6% | -$4.2M+15.3% | -$4.9M+58.7% | -$11.9M-1.5% | -$11.8M-321.0% | -$2.8M |
| Investing Cash Flow | -$3.0M+37.7% | -$4.9M-111.8% | -$2.3M+55.0% | -$5.1M+17.2% | -$6.2M+69.8% | -$20.4M-1167.5% | -$1.6M+31.0% | -$2.3M |
| Financing Cash Flow | -$3.3M-64.5% | -$2.0M-281.3% | -$525K+81.0% | -$2.8M-90.2% | -$1.4M-114.3% | $10.1M+168.1% | -$14.8M-115.2% | $97.7M |
| Dividends Paid | $3.9M+3.5% | $3.8M+147.4% | -$8.0M-380.6% | $2.9M-44.6% | $5.2M | $0+100.0% | -$46K-200.0% | $46K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MOND Financial Ratios
| Metric | Q2'24 | Q1'24 | Q2'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -17.7%-3.6pp | -14.1%-2.5pp | -11.7%-6.6pp | -5.1%+5.2pp | -10.3%-1.0pp | -9.3%+20.5pp | -29.8%+114.0pp | -143.8% |
| Net Margin | -43.7%-10.2pp | -33.5%-12.3pp | -21.3%+15.6pp | -36.9%-11.1pp | -25.7%+0.1pp | -25.9%+21.0pp | -46.8%+116.9pp | -163.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -7.0%-2.0pp | -5.0%-1.6pp | -3.4%+2.1pp | -5.5%-1.7pp | -3.9%-0.1pp | -3.8%+2.6pp | -6.4%+15.7pp | -22.1% |
| Current Ratio | 0.92-0.1 | 1.00-0.1 | 1.07-0.0 | 1.10-0.1 | 1.24-0.2 | 1.46-0.6 | 2.10+0.2 | 1.94 |
| Debt-to-Equity | -1.47+0.3 | -1.77+0.5 | -2.31+0.3 | -2.65+1.5 | -4.18+9.6 | -13.82-9.5 | -4.33+28.3 | -32.65 |
| FCF Margin | -18.0%-41.8pp | 23.8%+44.0pp | -20.2%-12.6pp | -7.7%+1.0pp | -8.7%+15.2pp | -23.9%+9.4pp | -33.4%-26.3pp | -7.1% |
Note: Shareholder equity is negative (-$65.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is MONDEE HOLDINGS INC's annual revenue?
MONDEE HOLDINGS INC (MOND) reported $223.3M in total revenue for fiscal year 2023. This represents a 40.0% 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 MONDEE HOLDINGS INC's revenue growing?
MONDEE HOLDINGS INC (MOND) revenue grew by 40% year-over-year, from $159.5M to $223.3M in fiscal year 2023.
Is MONDEE HOLDINGS INC profitable?
No, MONDEE HOLDINGS INC (MOND) reported a net income of -$60.8M in fiscal year 2023, with a net profit margin of -27.2%.
What is MONDEE HOLDINGS INC's earnings per share (EPS)?
MONDEE HOLDINGS INC (MOND) reported diluted earnings per share of $-0.94 for fiscal year 2023. This represents a 29.9% 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.
What is MONDEE HOLDINGS INC's EBITDA?
MONDEE HOLDINGS INC (MOND) had EBITDA of -$4.4M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does MONDEE HOLDINGS INC have?
As of fiscal year 2023, MONDEE HOLDINGS INC (MOND) had $28.0M in cash and equivalents against $150.7M in long-term debt.
What is MONDEE HOLDINGS INC's operating margin?
MONDEE HOLDINGS INC (MOND) had an operating margin of -9.2% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is MONDEE HOLDINGS INC's net profit margin?
MONDEE HOLDINGS INC (MOND) had a net profit margin of -27.2% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is MONDEE HOLDINGS INC's free cash flow?
MONDEE HOLDINGS INC (MOND) generated -$33.6M in free cash flow during fiscal year 2023. This represents a -88.1% 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.
What is MONDEE HOLDINGS INC's operating cash flow?
MONDEE HOLDINGS INC (MOND) generated -$21.9M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are MONDEE HOLDINGS INC's total assets?
MONDEE HOLDINGS INC (MOND) had $392.4M in total assets as of fiscal year 2023, including both current and long-term assets.
What are MONDEE HOLDINGS INC's capital expenditures?
MONDEE HOLDINGS INC (MOND) invested $11.7M in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
Does MONDEE HOLDINGS INC buy back shares?
Yes, MONDEE HOLDINGS INC (MOND) spent $10.0M on share buybacks during fiscal year 2023, returning capital to shareholders by reducing shares outstanding.
What is MONDEE HOLDINGS INC's current ratio?
MONDEE HOLDINGS INC (MOND) had a current ratio of 1.07 as of fiscal year 2023, which is considered adequate.
What is MONDEE HOLDINGS INC's debt-to-equity ratio?
MONDEE HOLDINGS INC (MOND) had a debt-to-equity ratio of -2.31 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is MONDEE HOLDINGS INC's return on assets (ROA)?
MONDEE HOLDINGS INC (MOND) had a return on assets of -15.5% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is MONDEE HOLDINGS INC's cash runway?
Based on fiscal year 2023 data, MONDEE HOLDINGS INC (MOND) had $28.0M in cash against an annual operating cash burn of $21.9M. This gives an estimated cash runway of approximately 15 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is MONDEE HOLDINGS INC's debt-to-equity ratio negative or unusual?
MONDEE HOLDINGS INC (MOND) has negative shareholder equity of -$65.2M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is MONDEE HOLDINGS INC's Piotroski F-Score?
MONDEE HOLDINGS INC (MOND) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MONDEE HOLDINGS INC's earnings high quality?
MONDEE HOLDINGS INC (MOND) has an earnings quality ratio of 0.36x, considered low quality (accrual-driven). 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.
Can MONDEE HOLDINGS INC cover its interest payments?
MONDEE HOLDINGS INC (MOND) has an interest coverage ratio of -0.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is MONDEE HOLDINGS INC?
MONDEE HOLDINGS INC (MOND) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.