MYNDNYSEComputer Peripheral Equipment, NECFiscal year ends December 31
Mynd.ai, Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 29, 2026
$0.22−0.04 (-15.42%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
21.0%+6.7 pts over 5 years
Operating margin
-29.8%−24.7 pts over 5 years
Net margin
-32.2%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -37.2% | -34.0% | +45.3% | +7.3% | |
| Gross profit | -46.7% | -37.0% | +56.9% | +15.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -995.5% | |
| Return on assets | – | – | -24.9% | |
| Current ratio | 0.80 | 3.82 | 0.76 | |
| Debt to equity | – | – | -3.66 | |
| Net debt to EBITDA | – | – | -1.11× | |
| Interest coverage | – | – | -5.0× | |
| Inventory turnover | – | 6.1× | 4.5× | |
| Capex to revenue | 10.4% | 3.3% | 0.1% | |
| Diluted shares | 370M | 433M | 457M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mynd.ai generated $75.82M from operations and spent $8.75M on capital expenditure, dividends and share buybacks. 43% of that went back into the business.
Generated
$75.82M
Used
$8.75M
Capital expenditure$3.79M43%Dividends$4.20M48%Share buybacks$762.00K9%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-32.2%
×Asset turnover0.77×
×Equity multiplier40.06×
=Return on equity, FY2025-995.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -32.2% | 0.77× | 40.06× | -995.5% |
| FY2024 | -35.8% | 0.81× | 4.49× | -130.2% |
| FY2023 | -9.6% | 1.06× | 3.03× | -30.8% |
| FY2022 | 3.5% | 2.63× | 2.34× | 21.6% |
| FY2021 | -0.2% | 5.81× | 1.47× | -2.1% |
| FY2017 | 5.1% | 0.84× | 3.12× | 13.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$54.07M
- Cash generatingOperating cash flow above zero-$45.50M
- Return on assets improvedROA up on the prior year-23.5% → -21.4%
- Earnings backed by cashOperating cash flow above net income-$45.50M vs -$54.07M
- Less leverageLong-term debt to assets fell23.0% → 33.5%
- Better liquidityCurrent ratio rose1.13 → 0.76
- No dilutionShare count did not rise456M → 457M
- Gross margin improvedGross margin up on the prior year24.77% → 21.01%
- More efficientAsset turnover rose0.66 → 0.66