MindWalk Holdings Corp.(HYFT)Earnings, Financials & Key Ratios
HYFT•NASDAQ
$1.58
Price updated Jun 27, 2026
AboutMindWalk Holdings Corp. operates as a bio-native AI company. It focuses on the integration of artificial intelligence, multi-omics data, and advanced laboratory research to accelerate the discovery and development of biologics. The company, through its LensAI platform and HYFT technology, it partners with pharmaceutical and biotechnology companies to drive de-risk drug development and unlock therapeutic possibilities. The company was formerly known as ImmunoPrecise Antibodies Ltd. and changed its name to MindWalk Holdings Corp. in September 2025. The company was incorporated in 1983 and is headquartered in Austin, Texas.Show more
- Revenue$25M
- EBITDA-$7M+11.8%
- Net Income-$30M-15.8%
- EPS (Diluted)-0.90+12.6%
- Gross Margin55.25%+12.4%
- EBITDA Margin-28.86%+11.8%
- Operating Margin-49.74%+11.4%
- Net Margin-123.3%-15.8%
- ROE-105.08%-84.5%
HYFT Price & Volume
MindWalk Holdings Corp. (HYFT) stock price & volume — 10-year historical chart
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Persistent Operational Losses Threaten Strategic AI Pivot
Investment Thesis • Updated 2026Q3
VerdictNegative: The company's precarious liquidity position
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Capital exhaustion and dilution
Key Thesis Takeaways
- MindWalk Holdings faces a precarious transition from a legacy CRO model to an AI-driven discovery platform, characterized by significant value destruction and a shrinking asset base.
- The company's inability to achieve operating leverage, evidenced by SG&A expenses consistently exceeding $4M per quarter, suggests that current revenue streams are insufficient to support its R&D ambitions.
- Investors should remain cautious as the firm's reliance on external financing to bridge its cash burn, coupled with an accumulated deficit of $139.9M, indicates a high probability of further dilutive equity issuance.
Verdict Logic
underscored by a cash balance of only $14.2M against recurring quarterly net losses, suggests a high risk of capital exhaustion and shareholder dilution.
HYFT Growth Metrics
MindWalk Holdings Corp. (HYFT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years10.74%
3 Years8.19%
TTM3.35%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM73.59%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM81.9%
Return on Capital
10 Years-21.59%
5 Years-23.28%
3 Years-27.66%
Last Year-27.94%
Peers Comparison
Key metrics vs top competitors for MindWalk Holdings Corp. (HYFT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1.58 | $73.8M | -2.49 | 0.01% | -123.3% | -105.08% | — | |
| $20.69 | $2.04B | -10.04 | — | — | -102.48% | — | |
| $14.82 | $1.42B | -4.81 | — | — | -151.02% | — | |
| $5.29 | $1.95B | -1.82 | 1227.6% | -19019.44% | -366.21% | — | |
| $6.09 | $303.86M | -13.66 | — | — | -81% | — | |
| $6.05 | $5.47M | -0.81 | — | -6717.4% | -88.41% | — |
Compare HYFT vs Peers
MindWalk Holdings Corp. (HYFT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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HYFT Frequently Asked Questions
MindWalk Holdings Corp. (HYFT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is MindWalk Holdings Corp.'s revenue?
MindWalk Holdings Corp. (HYFT) reported $18.4M in revenue for fiscal year 2025. This represents a 281222% increase from $0.0M in 1997.
How fast is MindWalk Holdings Corp. growing?
MindWalk Holdings Corp. (HYFT) grew revenue by 0.0% over the past year. Growth has been modest.
Is HYFT profitable?
MindWalk Holdings Corp. (HYFT) reported a net loss of $12.2M for fiscal year 2025.
Dividend & Returns
What is HYFT's return on equity?
MindWalk Holdings Corp. (HYFT) has a return on equity (ROE) of -105.1%. Negative ROE indicates the company is unprofitable.
What is MindWalk Holdings Corp.'s free cash flow?
MindWalk Holdings Corp. (HYFT) had negative free cash flow of $11.9M in fiscal year 2025, likely due to heavy capital investments.