Mynd.ai, Inc. (MYND) 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 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed May 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MYND SEC filings page.
Mynd.ai, Inc. (MYND) reported $167.9M in revenue for fiscal year 2025, down 37.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
By FY2025, shrinking sales, thinner gross margins, and operating cash losses had pushed the balance sheet into negative equity.
The near match between FY2025 operating cash flow of-$45.5M and free cash flow of-$46.0M shows that cash pressure came mainly from operations, not reinvestment. Capital expenditures were only$94K , making weak cash conversion the central operating issue.
FY2025 revenue was
Liabilities exceeded assets in FY2025, leaving negative equity of
Financial Health Signals
Scored against emerging 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 Mynd.ai, Inc.'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.
Mynd.ai, Inc. held $18.5M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $45.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Mynd.ai, Inc. scores 18/100 among other emerging companies.
Mynd.ai, Inc. had 462M shares outstanding at the end of fiscal year 2025, against 456M 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 Mynd.ai, Inc. scores 70/100 among other emerging companies.
Mynd.ai, Inc. spent $12.8M on research and development in fiscal year 2025, which was 5.9% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Mynd.ai, Inc. scores 26/100 among other emerging companies.
Mynd.ai, Inc. reported revenue of $167.9M in fiscal year 2025, against $267.4M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Mynd.ai, Inc. scores 10/100 among other emerging companies.
Mynd.ai, Inc.'s operations used $45.5M of cash in fiscal year 2025, against $786K generated in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Mynd.ai, Inc. scores 1/100 among other emerging companies.
Mynd.ai, Inc.'s cash, cash equivalents and investments came to $18.5M at the end of fiscal year 2025, against $200.0M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Mynd.ai, Inc. scores 16/100 among other emerging companies.
Mynd.ai, Inc. scores -4.02, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($12.6M) relative to total liabilities ($200.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Mynd.ai, Inc. passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Mynd.ai, Inc. reported a net loss of $54.1M while operations used $45.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Mynd.ai, Inc. reported an operating loss of $50.1M against $10.1M 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
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Mynd.ai, Inc. held $18.5M in cash against $61.1M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
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.
MYND 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.
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).
MYND 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 | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $182.5M-27.7% | $209.8M-35.2% | $252.6M-37.9% | $323.8M | $407.0M+10.4% | $368.8M+385.2% | $76.0M-2.9% | $78.2M-76.7% |
| Current Assets | $84.1M-43.0% | $107.6M-42.0% | $147.6M-35.0% | $185.4M | $227.2M-0.3% | $227.9M+606.6% | $32.3M+1.3% | $31.8M-65.2% |
| Cash & Equivalents | $18.5M-75.5% | $29.1M-58.1% | $75.3M-14.2% | $69.4M | $87.8M+199.5% | $29.3M-3.2% | $30.3M+3.0% | $29.4M-57.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $29.7M+3.8% | $28.7M-14.7% | $28.6M-46.9% | $33.7M | $53.9M-51.5% | $111.2M+95785.3% | $116K+68.1% | $69K-99.0% |
| Accounts Receivable | $24.8M-18.5% | $37.6M-44.4% | $30.5M-52.1% | $67.7M | $63.7M+4.4% | $61.1M+7748.5% | $778K+19.5% | $651K-76.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0-100.0% | $246K+45.6% | $169K-22.1% | $217K-95.9% |
| Goodwill | $45.0M+1.9% | $44.7M-1.8% | $44.1M-6.0% | $45.5M | $46.9M+11.6% | $42.0M+22.7% | $34.3M0.0% | $34.3M-35.0% |
| Total Liabilities | $200.0M-10.8% | $204.0M-16.7% | $224.3M-21.7% | $244.9M | $286.4M+23.6% | $231.8M+1227.7% | $17.5M-10.3% | $19.5M-91.1% |
| Current Liabilities | $110.2M-15.3% | $115.0M-24.5% | $130.1M-30.1% | $152.4M | $186.2M-9.9% | $206.6M+2340.3% | $8.5M+1.6% | $8.3M-93.4% |
| Non-Current Liabilities | $89.8M-4.6% | $89.0M-3.8% | $94.2M-6.1% | $92.5M | $100.3M+299.1% | $25.1M+179.5% | $9.0M-19.2% | $11.1M-88.1% |
| Long-Term Debt | $61.1M+5.2% | $58.7M | $58.1M-10.5% | N/A | $64.9M+23.0% | $52.8M | N/A | N/A |
| Total Equity | -$17.5M-161.7% | $5.8M-92.4% | $28.4M-76.1% | $77.1M | $118.7M-13.4% | $137.0M+159.7% | $52.8M+1.4% | $52.0M-47.2% |
| Retained Earnings | -$508.6M-11.9% | -$483.5M-20.4% | -$454.6M-26.7% | -$401.6M | -$358.9M-13.6% | -$316.0M-961.2% | -$29.8M+4.4% | -$31.2M+7.2% |
MYND 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.
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.
MYND 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.
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.
Note: Shareholder equity is negative (-$17.5M), 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.
Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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 |
|---|---|---|---|---|---|---|
| Mynd.ai, Inc. MYND | FY2025 | $167.9M | -$54.1M | -32.2% | $12.6M | 24/100 |
| Four Seasons Education (Cayman) Inc. FEDU | FY2026 | $37.1M | $4.5M | 12.1% | $22.2M | 54/100 |
| KIDZ AI Inc. KIDZ | FY2025 | $3.4M | -$7.0M | N/A | $1.7M | 13/100 |
| 17 Education & Technology Group Inc. YQ | FY2025 | $15.2M | -$22.1M | N/A | $32.9M | 52/100 |
| Lixiang Education Holding Co., Ltd. LXEH | FY2025 | $4.4M | -$17.4M | N/A | $3.1M | 7/100 |
| Bright Scholar Education Holdings Limited American BEDU | FY2024 | $247.6M | -$145.7M | -58.9% | $66.8M | — |
Where Mynd.ai, Inc. Ranks
Frequently Asked Questions
What is Mynd.ai, Inc.'s annual revenue?
Mynd.ai, Inc. (MYND) reported $167.9M in total revenue for fiscal year 2025. This represents a -37.2% 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 37.2% year-over-year, from $267.4M to $167.9M in fiscal year 2025.
Is Mynd.ai, Inc. profitable?
No, Mynd.ai, Inc. (MYND) reported a net income of -$54.1M in fiscal year 2025, with a net profit margin of -32.2%.
What is Mynd.ai, Inc.'s EBITDA?
Mynd.ai, Inc. (MYND) had EBITDA of -$41.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mynd.ai, Inc. have?
As of fiscal year 2025, Mynd.ai, Inc. (MYND) had $18.5M in cash and equivalents against $61.1M in long-term debt.
What is Mynd.ai, Inc.'s gross margin?
Mynd.ai, Inc. (MYND) had a gross margin of 21.0% in fiscal year 2025, 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 -29.8% in fiscal year 2025, 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 -32.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Mynd.ai, Inc.'s free cash flow?
Mynd.ai, Inc. (MYND) recorded an outflow of $45.6M in free cash flow during fiscal year 2025. This represents a -9074.4% 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) recorded an outflow of $45.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Mynd.ai, Inc.'s total assets?
Mynd.ai, Inc. (MYND) had $182.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mynd.ai, Inc.'s capital expenditures?
Mynd.ai, Inc. (MYND) invested $94K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Mynd.ai, Inc. spend on research and development?
Mynd.ai, Inc. (MYND) invested $12.8M in research and development during fiscal year 2025.
What is Mynd.ai, Inc.'s current ratio?
Mynd.ai, Inc. (MYND) had a current ratio of 0.76 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Mynd.ai, Inc.'s return on assets (ROA)?
Mynd.ai, Inc. (MYND) had a return on assets of -29.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mynd.ai, Inc.'s P/E ratio?
Mynd.ai, Inc. (MYND) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $12.6M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Mynd.ai, Inc.'s price-to-sales ratio?
Mynd.ai, Inc. (MYND) trades at 0.1x sales, its market capitalization divided by revenue of $167.9M revenue, FY2025. The market capitalization is $12.6M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Mynd.ai, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Mynd.ai, Inc. (MYND) held $18.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $45.5M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Mynd.ai, Inc.'s debt-to-equity ratio negative or not reported?
Mynd.ai, Inc. (MYND) has negative shareholder equity of -$17.5M as of fiscal year 2025, 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 Mynd.ai, Inc.'s Altman Z-Score?
Mynd.ai, Inc. (MYND) has an Altman Z-Score of -4.02, placing it in the Distress Zone (elevated bankruptcy 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.
What is Mynd.ai, Inc.'s Piotroski F-Score?
Mynd.ai, Inc. (MYND) has a Piotroski F-Score of 2 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 to 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) reported a net loss of $54.1M while operations used $45.5M 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 Mynd.ai, Inc. cover its interest payments?
Mynd.ai, Inc. (MYND) reported an operating loss of $50.1M against $10.1M 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.
How financially healthy is Mynd.ai, Inc.?
Mynd.ai, Inc. (MYND) scores 24 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite 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. 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.