What is Mynd.ai, Inc.'s earnings per share (EPS)?

Mynd.ai, Inc. (MYND) reported diluted earnings per share of $-0.21 for fiscal year 2024. This represents a -133.3% 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.

Mynd.ai, Inc. Financials

MYND

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Mynd.ai, Inc. (MYND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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

Financial Profile 17/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Mynd.ai, Inc. has an operating margin of -14.2%, meaning the company retains $-14 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 down from -11.2% the prior year.

Growth

Mynd.ai, Inc.'s revenue declined 35.1% year-over-year, from $411.8M to $267.4M. This contraction results in a growth score of 0/100.

Leverage

Mynd.ai, Inc. has a moderate D/E ratio of 2.05. This balance of debt and equity financing earns a leverage score of 60/100.

Liquidity

Mynd.ai, Inc.'s current ratio of 1.13 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 18/100, which could limit financial flexibility.

Cash Flow

While Mynd.ai, Inc. generated $786K in operating cash flow, capex of $1.3M consumed most of it, leaving -$497K in free cash flow. This results in a low score of 25/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Mynd.ai, Inc. generates a -337.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -33.2% the prior year.

Piotroski F-Score Neutral

5/9

Mynd.ai, Inc. passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.01x

For every $1 of reported earnings, Mynd.ai, Inc. generates $-0.01 in operating cash flow ($786K OCF vs -$95.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-3.7x

Mynd.ai, Inc. earns $-3.7 in operating income for every $1 of interest expense (-$38.0M vs $10.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$267.4M

YoY-35.1%

5Y CAGR+8.0%

Mynd.ai, Inc. generated $267.4M in revenue in fiscal year 2024. This represents a decrease of 35.1% from the prior year.

EBITDA

-$32.3M

YoY+21.3%

Mynd.ai, Inc.'s EBITDA was -$32.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.3% from the prior year.

Net Income

-$95.7M

YoY-142.8%

Mynd.ai, Inc. reported -$95.7M in net income in fiscal year 2024. This represents a decrease of 142.8% from the prior year.

EPS (Diluted)

$-0.21

YoY-133.3%

Mynd.ai, Inc. earned $-0.21 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 133.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$497K

YoY+81.9%

Mynd.ai, Inc. generated -$497K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 81.9% from the prior year.

Cash & Debt

$75.3M

YoY-14.2%

5Y CAGR+1.8%

Mynd.ai, Inc. held $75.3M in cash against $58.1M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

456M

YoY+0.0%

Mynd.ai, Inc. had 456M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

24.8%

YoY+0.4pp

5Y CAGR+10.1pp

Mynd.ai, Inc.'s gross margin was 24.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.

Operating Margin

-14.2%

YoY-3.1pp

5Y CAGR-14.3pp

Mynd.ai, Inc.'s operating margin was -14.2% in fiscal year 2024, reflecting core business profitability. This is down 3.1 percentage points from the prior year.

Net Margin

-35.8%

YoY-26.2pp

5Y CAGR-34.6pp

Mynd.ai, Inc.'s net profit margin was -35.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 26.2 percentage points from the prior year.

Return on Equity

-337.4%

YoY-304.2pp

5Y CAGR-335.2pp

Mynd.ai, Inc.'s ROE was -337.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 304.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$25.3M

YoY-27.0%

Mynd.ai, Inc. invested $25.3M in research and development in fiscal year 2024. This represents a decrease of 27.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.3M

YoY+229.8%

5Y CAGR-36.6%

Mynd.ai, Inc. invested $1.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 229.8% from the prior year.

MYND Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$267.4M-35.1%	$411.8M-29.6%	$584.7M+30.5%	$448.2M+1626.2%	$26.0M-85.8%	$182.3M
Cost of Revenue	$201.1M-35.4%	$311.3M-29.8%	$443.6M+43.5%	$309.2M+1290.0%	$22.2M-85.7%	$155.5M
Gross Profit	$66.2M-34.1%	$100.5M-28.8%	$141.1M+1.5%	$139.0M+3638.8%	$3.7M-86.1%	$26.7M
R&D Expenses	$25.3M-27.0%	$34.6M-16.5%	$41.5M+16.5%	$35.6M	N/A	N/A
SG&A Expenses	$33.4M+8.0%	$31.0M-10.5%	$34.6M+10.6%	$31.3M+541.5%	$4.9M-79.5%	$23.8M
Operating Income	-$38.0M+17.4%	-$46.0M-1442.0%	$3.4M-69.0%	$11.1M+938.3%	-$1.3M-895.2%	$166K
Interest Expense	$10.4M+122.5%	$4.7M+154.3%	$1.8M+959.5%	$173K	N/A	N/A
Income Tax	$68.7M+811.7%	-$9.7M+62.8%	-$26.0M-1553.9%	$1.8M+456.7%	$321K-90.9%	$3.5M
Net Income	-$95.7M-142.8%	-$39.4M-292.7%	$20.5M+1956.9%	-$1.1M-137.2%	$3.0M+235.1%	-$2.2M
EPS (Diluted)	$-0.21-133.3%	$-0.09-280.0%	$0.05	$0.00-100.0%	$0.06+166.7%	$-0.09

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MYND Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$252.6M-37.9%	$407.0M+10.4%	$368.8M+385.2%	$76.0M-2.9%	$78.2M-76.7%	$336.1M
Current Assets	$147.6M-35.0%	$227.2M-0.3%	$227.9M+606.6%	$32.3M+1.3%	$31.8M-65.2%	$91.6M
Cash & Equivalents	$75.3M-14.2%	$87.8M+199.5%	$29.3M-3.2%	$30.3M+3.0%	$29.4M-57.2%	$68.7M
Inventory	$28.6M-46.9%	$53.9M-51.5%	$111.2M+95785.3%	$116K+68.1%	$69K-99.0%	$7.3M
Accounts Receivable	$30.5M-52.1%	$63.7M+4.4%	$61.1M+7748.5%	$778K+19.5%	$651K-76.8%	$2.8M
Goodwill	$44.1M-1.8%	$44.9M+6.8%	$42.0M+22.7%	$34.3M0.0%	$34.3M-35.0%	$52.7M
Total Liabilities	$224.3M-21.7%	$286.4M+23.6%	$231.8M+1227.7%	$17.5M-10.3%	$19.5M-91.1%	$219.4M
Current Liabilities	$130.1M-30.1%	$186.2M-9.9%	$206.6M+2340.3%	$8.5M+1.6%	$8.3M-93.4%	$125.9M
Long-Term Debt	$58.1M-10.5%	$64.9M+23.0%	$52.8M	N/A	N/A	N/A
Total Equity	$28.4M-76.1%	$118.7M-13.4%	$137.0M+159.7%	$52.8M+1.4%	$52.0M-47.2%	$98.5M
Retained Earnings	-$454.6M-26.7%	-$358.9M-13.6%	-$316.0M-961.2%	-$29.8M+4.4%	-$31.2M+7.2%	-$33.6M

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$209.8M-17.0%	$252.6M-22.0%	$323.8M-20.5%	$407.0M+10.4%	$368.8M+385.2%	$76.0M-2.9%	$78.2M-76.7%	$336.1M
Current Assets	$107.6M-27.1%	$147.6M-20.4%	$185.4M-18.4%	$227.2M-0.3%	$227.9M+606.6%	$32.3M+1.3%	$31.8M-65.2%	$91.6M
Cash & Equivalents	$29.1M-61.4%	$75.3M+8.6%	$69.4M-21.0%	$87.8M+199.5%	$29.3M-3.2%	$30.3M+3.0%	$29.4M-57.2%	$68.7M
Inventory	$28.7M+0.2%	$28.6M-14.9%	$33.7M-37.6%	$53.9M-51.5%	$111.2M+95785.3%	$116K+68.1%	$69K-99.0%	$7.3M
Accounts Receivable	$37.6M+23.2%	$30.5M-54.9%	$67.7M+6.2%	$63.7M+4.4%	$61.1M+7748.5%	$778K+19.5%	$651K-76.8%	$2.8M
Goodwill	$44.7M+1.4%	$44.1M-3.1%	$45.5M+1.4%	$44.9M+6.8%	$42.0M+22.7%	$34.3M0.0%	$34.3M-35.0%	$52.7M
Total Liabilities	$204.0M-9.0%	$224.3M-8.4%	$244.9M-14.5%	$286.4M+23.6%	$231.8M+1227.7%	$17.5M-10.3%	$19.5M-91.1%	$219.4M
Current Liabilities	$115.0M-11.6%	$130.1M-14.6%	$152.4M-18.1%	$186.2M-9.9%	$206.6M+2340.3%	$8.5M+1.6%	$8.3M-93.4%	$125.9M
Long-Term Debt	$58.7M+1.1%	$58.1M	N/A	$64.9M+23.0%	$52.8M	N/A	N/A	N/A
Total Equity	$5.8M-79.5%	$28.4M-63.2%	$77.1M-35.1%	$118.7M-13.4%	$137.0M+159.7%	$52.8M+1.4%	$52.0M-47.2%	$98.5M
Retained Earnings	-$483.5M-6.4%	-$454.6M-13.2%	-$401.6M-11.9%	-$358.9M-13.6%	-$316.0M-961.2%	-$29.8M+4.4%	-$31.2M+7.2%	-$33.6M

MYND Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$786K+133.3%	-$2.4M+55.3%	-$5.3M+75.9%	-$21.9M-455.5%	$6.2M-52.5%	$13.0M
Capital Expenditures	$1.3M+229.8%	$389K-53.1%	$829K-30.6%	$1.2M+40.6%	$849K-93.2%	$12.5M
Free Cash Flow	-$497K+81.9%	-$2.7M+55.0%	-$6.1M+73.6%	-$23.1M-534.7%	$5.3M+984.3%	$490K
Investing Cash Flow	$4.3M-77.7%	$19.3M+222.6%	-$15.8M-1221.3%	-$1.2M+45.7%	-$2.2M+93.6%	-$34.4M
Financing Cash Flow	-$22.6M-150.9%	$44.4M+291.5%	$11.3M-55.4%	$25.5M+4479.3%	$556K+104.1%	-$13.5M
Dividends Paid	N/A	N/A	$4.2M	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$762K	N/A	N/A	$12.0M

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MYND Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	24.8%+0.4pp	24.4%+0.3pp	24.1%-6.9pp	31.0%+16.7pp	14.3%-0.4pp	14.7%
Operating Margin	-14.2%-3.1pp	-11.2%-11.8pp	0.6%-1.9pp	2.5%+7.5pp	-5.1%-5.2pp	0.1%
Net Margin	-35.8%-26.2pp	-9.6%-13.1pp	3.5%+3.8pp	-0.3%-11.7pp	11.4%+12.6pp	-1.2%
Return on Equity	-337.4%-304.2pp	-33.2%-48.2pp	14.9%+17.0pp	-2.1%-7.8pp	5.7%+7.9pp	-2.2%
Return on Assets	-37.9%-28.2pp	-9.7%-15.2pp	5.5%+7.0pp	-1.5%-5.2pp	3.8%+4.4pp	-0.7%
Current Ratio	1.13-0.1	1.22+0.1	1.10-2.7	3.810.0	3.82+3.1	0.73
Debt-to-Equity	2.05+1.5	0.55+0.2	0.39+0.1	0.33-0.0	0.37-1.9	2.23
FCF Margin	-0.2%+0.5pp	-0.7%+0.4pp	-1.0%+4.1pp	-5.1%-25.6pp	20.5%+20.2pp	0.3%

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.94-0.2	1.13-0.1	1.220.0	1.22+0.1	1.10-2.7	3.810.0	3.82+3.1	0.73
Debt-to-Equity	10.08+8.0	2.05-1.1	3.18+2.6	0.55+0.2	0.39+0.1	0.33-0.0	0.37-1.9	2.23
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Mynd.ai, Inc.'s annual revenue?

Mynd.ai, Inc. (MYND) reported $267.4M in total revenue for fiscal year 2024. This represents a -35.1% 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 Mynd.ai, Inc.'s revenue growing?

Mynd.ai, Inc. (MYND) revenue declined by 35.1% year-over-year, from $411.8M to $267.4M in fiscal year 2024.

Is Mynd.ai, Inc. profitable?

No, Mynd.ai, Inc. (MYND) reported a net income of -$95.7M in fiscal year 2024, with a net profit margin of -35.8%.

What is Mynd.ai, Inc.'s EBITDA?

Mynd.ai, Inc. (MYND) had EBITDA of -$32.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Mynd.ai, Inc. have?

As of fiscal year 2024, Mynd.ai, Inc. (MYND) had $75.3M in cash and equivalents against $58.1M in long-term debt.

What is Mynd.ai, Inc.'s gross margin?

Mynd.ai, Inc. (MYND) had a gross margin of 24.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Mynd.ai, Inc.'s operating margin?

Mynd.ai, Inc. (MYND) had an operating margin of -14.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Mynd.ai, Inc.'s net profit margin?

Mynd.ai, Inc. (MYND) had a net profit margin of -35.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Mynd.ai, Inc.'s return on equity (ROE)?

Mynd.ai, Inc. (MYND) has a return on equity of -337.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Mynd.ai, Inc.'s free cash flow?

Mynd.ai, Inc. (MYND) generated -$497K in free cash flow during fiscal year 2024. This represents a 81.9% 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 Mynd.ai, Inc.'s operating cash flow?

Mynd.ai, Inc. (MYND) generated $786K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Mynd.ai, Inc.'s total assets?

Mynd.ai, Inc. (MYND) had $252.6M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Mynd.ai, Inc.'s capital expenditures?

Mynd.ai, Inc. (MYND) invested $1.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Mynd.ai, Inc. spend on research and development?

Mynd.ai, Inc. (MYND) invested $25.3M in research and development during fiscal year 2024.

How many shares does Mynd.ai, Inc. have outstanding?

Mynd.ai, Inc. (MYND) had 456M shares outstanding as of fiscal year 2024.

What is Mynd.ai, Inc.'s current ratio?

Mynd.ai, Inc. (MYND) had a current ratio of 1.13 as of fiscal year 2024, which is considered adequate.

What is Mynd.ai, Inc.'s debt-to-equity ratio?

Mynd.ai, Inc. (MYND) had a debt-to-equity ratio of 2.05 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mynd.ai, Inc.'s return on assets (ROA)?

Mynd.ai, Inc. (MYND) had a return on assets of -37.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Mynd.ai, Inc.'s Piotroski F-Score?

Mynd.ai, Inc. (MYND) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Mynd.ai, Inc.'s earnings high quality?

Mynd.ai, Inc. (MYND) has an earnings quality ratio of -0.01x, considered mixed 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.

Can Mynd.ai, Inc. cover its interest payments?

Mynd.ai, Inc. (MYND) has an interest coverage ratio of -3.7x, 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 Mynd.ai, Inc.?

Mynd.ai, Inc. (MYND) scores 17 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.