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.

MONDEE HOLDINGS INC Financials

MOND

FY2023 annual

Revenue $223.3M +40.0% YoY

Net Income -$60.8M +32.6% YoY

EPS (Diluted) -$0.94 +29.9% YoY

Free Cash Flow -$33.6M -88.1% YoY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2024 Currency USD FYE December

MONDEE HOLDINGS INC (MOND) reported $223.3M in revenue for fiscal year 2023, up 40.0% from the prior fiscal year. This page shows its 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).

Rhea AI MOND FY2023 2026-08-15

Mondee’s reported growth looks increasingly financed by a receivables buildup and interest burden, not by cash the business collects.

The company moved from a deeply negative operating margin of -41.6% to -9.2% in the latest year. Yet operating cash flow remained -$21.9M while accounts receivable swelled to $116.6M, implying the rebound in reported sales is not yet becoming cash at the same pace, which weakens the quality of the operating improvement.

The income statement now shows a business whose operations are improving faster than its financing structure. Interest expense of $35.4M exceeded the operating loss of $20.5M, so even a much smaller operating shortfall still translated into a large net loss because lenders are absorbing more of the economics.

Balance-sheet growth did not add much day-to-day flexibility: cash fell to $28.0M from $78.8M. Current assets of $173.1M sat only slightly above current liabilities of $161.6M, leaving limited room if collections slow or other short-term obligations rise.

Financial Health Signals

Financial health score not available

MONDEE HOLDINGS INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/7

MONDEE HOLDINGS INC passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

MONDEE HOLDINGS INC reported a net loss of $60.8M while operations used $21.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

MONDEE HOLDINGS INC reported an operating loss of $20.5M against $35.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$223.3M

YoY+40.0%

MONDEE HOLDINGS INC generated $223.3M in revenue in fiscal year 2023. This represents an increase of 40.0% from the prior year.

EBITDA

-$4.4M

YoY+91.9%

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.

Net Income

-$60.8M

YoY+32.6%

MONDEE HOLDINGS INC reported -$60.8M in net income in fiscal year 2023. This represents an increase of 32.6% from the prior year.

EPS (Diluted)

-$0.94

YoY+29.9%

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.

Cash & Balance Sheet

Free Cash Flow

-$33.6M

YoY-88.1%

MONDEE HOLDINGS INC recorded an outflow of $33.6M in free cash flow in fiscal year 2023, representing a cash shortfall after capex. This represents a decrease of 88.1% from the prior year.

Cash & Debt

$28.0M

YoY-64.5%

MONDEE HOLDINGS INC held $28.0M in cash against $150.7M in long-term debt as of fiscal year 2023.

Dividends Per Share

Not reported for fiscal year 2023.

Shares Outstanding

Not reported for fiscal year 2023.

Margins & Returns

Operating Margin

-9.2%

YoY+32.4pp

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.

Net Margin

-27.2%

YoY+29.3pp

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.

Gross Margin

Not reported for fiscal year 2023.

Return on Equity

Not reported for fiscal year 2023.

Capital Allocation

Share Buybacks

$10.0M

MONDEE HOLDINGS INC spent $10.0M on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$11.7M

YoY+61.6%

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.

R&D Spending

Not reported for fiscal year 2023.

MOND Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MOND annual income statement

Metric	TTM	FY23	FY22	FY21
Revenue	$233.0M	$223.3M+40.0%	$159.5M+71.1%	$93.2M
SG&A Expenses	$58.7M	$43.3M-47.3%	$82.1M+250.3%	$23.4M
Operating Income	-$28.5M	-$20.5M+69.1%	-$66.3M-198.0%	-$22.3M
Interest Expense	$41.5M	$35.4M+32.7%	$26.7M+12.5%	$23.7M
Income Tax	-$4.6M	-$2.5M-2092.9%	$127K-60.7%	$323K
Net Income	-$78.3M	-$60.8M+32.6%	-$90.2M-131.9%	-$38.9M
EPS (Diluted)	—	-$0.94+29.9%	-$1.34-109.4%	-$0.64

Metric	Q2'24	Q1'24	Q4'23	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
SG&A Expenses	$22.1M+67.0%	$13.2M+3.6%	$12.8M+19.3%	$10.7M-13.5%	$12.4M+65.5%	$7.5M-89.1%	$68.3M+1681.5%	$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

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

TTM is the trailing twelve months, Q3 FY2023 through Q2 FY2024, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

MOND Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MOND annual balance sheet

Metric	FY23	FY22	FY21
Total Assets	$392.4M+52.0%	$258.1M+26.9%	$203.3M
Current Assets	$173.1M+44.6%	$119.7M+194.1%	$40.7M
Cash & Equivalents	$28.0M-64.5%	$78.8M+408.5%	$15.5M
Accounts Receivable	$116.6M+436.7%	$21.7M+113.5%	$10.2M
Goodwill	$88.1M+32.6%	$66.4M0.0%	$66.4M
Total Liabilities	$457.6M+59.2%	$287.4M+24.9%	$230.2M
Current Liabilities	$161.6M+183.5%	$57.0M+17.6%	$48.5M
Long-Term Debt	$150.7M+18.8%	$126.9M-21.8%	$162.2M
Total Equity	-$65.2M-122.5%	-$29.3M-9.3%	-$26.8M
Retained Earnings	-$341.1M-21.7%	-$280.3M-47.5%	-$190.0M

Metric	Q2'24	Q1'24	Q4'23	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
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

Not reported in any period shown, so not listed: Inventory.

MOND Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MOND annual cash flow statement

Metric	TTM	FY23	FY22	FY21
Operating Cash Flow	$1.6M	-$21.9M-106.2%	-$10.6M+32.3%	-$15.7M
Capital Expenditures	$15.1M	$11.7M+61.6%	$7.3M+80.7%	$4.0M
Free Cash Flow	-$13.5M	-$33.6M-88.1%	-$17.9M+9.2%	-$19.7M
Investing Cash Flow	-$15.3M	-$34.0M-358.7%	-$7.4M-138.5%	-$3.1M
Financing Cash Flow	-$8.6M	$5.4M-93.4%	$81.7M+2556.3%	$3.1M
Dividends Paid	$2.6M	$0	$0	$0
Share Buybacks	N/A	$10.0M	$0	N/A

Metric	Q2'24	Q1'24	Q4'23	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

MOND Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

MOND annual financial ratios

Metric	FY23	FY22	FY21
Operating Margin	-9.2%+32.4pp	-41.6%-17.7pp	-23.9%
Net Margin	-27.2%+29.3pp	-56.6%-14.8pp	-41.8%
Return on Assets	-15.5%+19.5pp	-35.0%-15.8pp	-19.1%
Current Ratio	1.07-1.0x	2.10+1.3x	0.84
FCF Margin	-15.1%-3.9pp	-11.2%+9.9pp	-21.1%

Metric	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
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%	-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%	-163.7%
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	0.92-0.1x	1.00-0.1x	1.070.0x	1.10-0.1x	1.24-0.2x	1.46-0.6x	2.10+0.2x	1.94
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%

Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.

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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Where MONDEE HOLDINGS INC Ranks

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 40.0% 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 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) recorded an outflow of $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) recorded an outflow of $21.9M in operating cash flow during fiscal year 2023, representing cash used by 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 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 not reported?

MONDEE HOLDINGS INC (MOND) has negative shareholder equity of -$65.2M as of fiscal year 2023, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 7 computable signals; 2 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 MONDEE HOLDINGS INC's earnings high quality?

MONDEE HOLDINGS INC (MOND) reported a net loss of $60.8M while operations used $21.9M 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.

Can MONDEE HOLDINGS INC cover its interest payments?

MONDEE HOLDINGS INC (MOND) reported an operating loss of $20.5M against $35.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.