MIND C.T.I. Ltd(MNDO)Earnings, Financials & Key Ratios

MNDO•NASDAQ

$1.01

$21M mkt cap·7.8× P/E·Price updated May 6, 2026

SectorTechnology IndustryApplication Software Sub-IndustryPayments, billing and spend management

AboutMIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates billing and customer care systems in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services and Messaging. The company offers billing and customer care solutions that support various services, such as voice, data, and content services, as well as prepaid, postpaid, and pay-in-advance payment models in a single platform. Its solutions also include a workflow engine to support the implementation of business processes, including subscriber registration, order management, trouble ticket, and debt collection; and an integral point of sale solution that covers all dealer, store and cashier management, and sales cycle related activities. In addition, the company offers professional services comprising turnkey project delivery, customer support and maintenance, integration, customizations, and project management, as well as managed services, including day to day billing operational tasks to its billing and customer care customers. Further, it provides PhonEX ONE, a call management system that collects, records, and stores call information, which is used by organizations for telecom expense management, call accounting, traffic analysis, and fraud detection. The company offers its products directly, as well as through distributors and resellers primarily to communication service providers, such as traditional wireline and wireless, voice over IP, broadband IP network operators, wireless internet service providers, LTE operators, cable operators, and mobile virtual network operators. MIND C.T.I. Ltd. was incorporated in 1995 and is headquartered in Yokne'am Illit, Israel.Show more

Revenue$19M-9.3%
EBITDA$2M-48.4%
Net Income$3M-43.8%
EPS (Diluted)0.13-43.5%
Gross Margin50.99%+1.8%
EBITDA Margin12.11%-43.1%
Operating Margin10.72%-47.5%
Net Margin13.38%-38.0%
ROE11%-42.0%
ROIC8.57%-44.1%
Debt/Equity0.04+18.7%

Technical→

MNDO Key Insights

MIND C.T.I. Ltd (MNDO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 20.3% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 17.1%
✓Healthy 5Y average net margin of 21.2%
✓Trading at only 0.9x book value

✗Weaknesses

✗Profits declining 13.5% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MNDO Price & Volume

MIND C.T.I. Ltd (MNDO) stock price & volume — 10-year historical chart

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MNDO Growth Metrics

MIND C.T.I. Ltd (MNDO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-0.73%

5 Years-3.6%

3 Years-3.35%

TTM-9.27%

Profit CAGR

10 Years-6.35%

5 Years-13.52%

3 Years-21.03%

TTM-43.76%

EPS CAGR

10 Years-6.7%

5 Years-13.6%

3 Years-20.63%

TTM-43.94%

Return on Capital

10 Years19.52%

5 Years17.43%

3 Years13.84%

Last Year7.81%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
NTCTNetScout Systems, Inc.Direct Competitor	2.57B	35.52	-7.02	-0.82%	11.13%	6.07%	0.05
SHENShenandoah Telecommunications CompanyDirect Competitor	896.99M	16.22	-22.85	9.08%	-13.67%	-3.7%	0.66
LQDTLiquidity Services, Inc.Direct Competitor	1.4B	37.22	42.78	31.2%	6.26%	13.83%	0.07
CSGSCSG Systems International, Inc.Product Competitor	2.29B	80.34	40.58	2.18%	5.14%	21.99%	2.07
TTECTTEC Holdings, Inc.Product Competitor	144.71M	2.98	-0.75	-3.2%	-9.01%	-147.21%	7.65
EVTCEVERTEC, Inc.Product Competitor	1.74B	28.16	12.80	10.21%	9.6%	11.07%	1.58
JKHYJack Henry & Associates, Inc.Product Competitor	10.34B	142.88	22.90	7.21%	20.59%	23.75%
CSCOCisco Systems, Inc.Supply Chain	362.87B	91.63	35.93	5.3%	18.76%	23.21%	0.63

Compare MNDO vs Peers

MIND C.T.I. Ltd (MNDO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NTCT

Most directly comparable listed peer for MNDO.

Scale Benchmark

vs CSCO

Larger-name benchmark to compare MNDO against a more recognizable public peer.

Peer Set

Compare Top 5

vs NTCT, SHEN, LQDT, CSGS

MNDO Income Statement

MIND C.T.I. Ltd (MNDO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	18.06M	18.14M	22.66M	23.37M	26.33M	21.55M	21.61M	21.45M	19.46M
Revenue Growth %	0.06%	0.4%	24.97%	3.13%	12.65%	-18.15%	0.28%	-0.77%	-9.27%
Cost of Goods Sold	7.03M	6.15M	10.13M	11.15M	12.45M	10.04M	10.75M	10.71M	9.54M
COGS % of Revenue	38.94%	33.89%	44.68%	47.72%	47.28%	46.61%	49.72%	49.93%	49.01%
Gross Profit	11.03M▲ 0%	11.99M▲ 8.7%	12.54M▲ 4.6%	12.22M▼ 2.5%	13.88M▲ 13.6%	11.51M▼ 17.1%	10.87M▼ 5.6%	10.74M▼ 1.2%	9.92M▼ 7.6%
Gross Margin %	61.06%	66.11%	55.32%	52.28%	52.72%	53.39%	50.28%	50.07%	50.99%
Gross Profit Growth %	-1.71%	8.7%	4.58%	-2.53%	13.58%	-17.1%	-5.57%	-1.19%	-7.6%
Operating Expenses	6.34M	6.64M	7.5M	6.76M	7.05M	5.98M	6.12M	6.36M	7.83M
OpEx % of Revenue	35.12%	36.61%	33.08%	28.91%	26.79%	27.76%	28.3%	29.66%	40.27%
Selling, General & Admin	2.93M	2.89M	3.31M	2.79M	3M	2.49M	2.58M	2.97M	3.78M
SG&A % of Revenue	16.2%	15.95%	14.61%	11.96%	11.41%	11.54%	11.93%	13.84%	19.45%
Research & Development	3.42M	3.75M	4.19M	3.96M	4.05M	3.5M	3.54M	3.39M	4.05M
R&D % of Revenue	18.92%	20.66%	18.47%	16.95%	15.37%	16.22%	16.37%	15.81%	20.82%
Other Operating Expenses	21K	15K	0	0	0	0	0	0	0
Operating Income	4.69M▲ 0%	5.35M▲ 14.2%	5.04M▼ 5.8%	5.46M▲ 8.4%	6.83M▲ 25.0%	5.52M▼ 19.1%	4.75M▼ 14.0%	4.38M▼ 7.8%	2.09M▼ 52.3%
Operating Margin %	25.94%	29.5%	22.24%	23.37%	25.93%	25.63%	21.97%	20.41%	10.72%
Operating Income Growth %	-9.99%	14.17%	-5.79%	8.39%	24.99%	-19.1%	-14.03%	-7.83%	-52.34%
EBITDA	4.79M	5.43M	5.19M	5.66M	7.02M	5.72M	4.95M	4.56M	2.36M
EBITDA Margin %	26.52%	29.96%	22.9%	24.23%	26.67%	26.53%	22.88%	21.28%	12.11%
EBITDA Growth %	-10.75%	13.44%	-4.47%	9.09%	24%	-18.58%	-13.5%	-7.72%	-48.37%
D&A (Non-Cash Add-back)	104K	84K	151K	200K	194K	193K	196K	186K	270K
EBIT	6.22M	5.58M	5.54M	5.87M	6.93M	5.7M	5.55M	4.99M	2.09M
Net Interest Income	239K	301K	370K	232K	61K	237K	710K	726K	681K
Interest Income	253K	312K	384K	255K	110K	320K	737K	750K	681K
Interest Expense	14K	11K	14K	23K	49K	83K	27K	24K	0
Other Income/Expense	1.52M	222K	483K	379K	55K	93K	777K	587K	681K
Pretax Income	6.21M▲ 0%	5.57M▼ 10.3%	5.52M▼ 0.9%	5.84M▲ 5.8%	6.88M▲ 17.8%	5.62M▼ 18.4%	5.53M▼ 1.6%	4.96M▼ 10.2%	2.77M▼ 44.3%
Pretax Margin %	34.38%	30.73%	24.37%	24.99%	26.14%	26.06%	25.57%	23.15%	14.22%
Income Tax	597K	438K	458K	459K	936K	330K	359K	334K	163K
Effective Tax Rate %	9.62%	7.86%	8.29%	7.86%	13.6%	5.88%	6.5%	6.73%	5.89%
Net Income	5.61M▲ 0%	5.13M▼ 8.5%	5.07M▼ 1.3%	5.38M▲ 6.3%	5.95M▲ 10.5%	5.29M▼ 11.1%	5.17M▼ 2.3%	4.63M▼ 10.4%	2.6M▼ 43.8%
Net Margin %	31.07%	28.31%	22.35%	23.03%	22.59%	24.53%	23.91%	21.59%	13.38%
Net Income Growth %	33.52%	-8.52%	-1.34%	6.28%	10.48%	-11.1%	-2.27%	-10.39%	-43.76%
Net Income (Continuing)	5.61M	5.13M	5.07M	5.38M	5.95M	5.29M	5.17M	4.63M	2.6M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.29▲ 0%	0.26▼ 10.3%	0.25▼ 3.8%	0.27▲ 8.0%	0.29▲ 7.4%	0.26▼ 10.3%	0.25▼ 3.8%	0.23▼ 8.0%	0.13▼ 43.5%
EPS Growth %	31.82%	-10.34%	-3.85%	8%	7.41%	-10.34%	-3.85%	-8%	-43.48%
EPS (Basic)	0.29	0.27	0.26	0.27	0.30	0.26	0.26	0.23	0.13
Diluted Shares Outstanding	19.56M	19.56M	19.96M	20.14M	20.27M	20.4M	20.47M	20.58M	20.63M
Basic Shares Outstanding	19.29M	19.34M	19.75M	19.91M	20.01M	20.1M	20.16M	20.3M	20.47M
Dividend Payout Ratio	110%	112.95%	99.92%	88.71%	87.39%	98.87%	93.65%	105.14%	172.89%

MNDO Balance Sheet

MIND C.T.I. Ltd (MNDO) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	18.71M	18.71M	19.08M	19.69M	20.53M	20.3M	19.71M	18.92M	16.08M
Cash & Short-Term Investments	16.99M	15.8M	15.19M	17.02M	18.46M	17.48M	16.6M	15.75M	13.55M
Cash Only	5.01M	2.74M	6.48M	8.26M	4.18M	5.26M	2.96M	4.45M	8.12M
Short-Term Investments	11.98M	13.07M	8.71M	8.76M	14.28M	12.21M	13.65M	11.3M	5.44M
Accounts Receivable	2.08M	2.69M	3.66M	2.4M	1.95M	2.54M	2.64M	2.76M	1.71M
Days Sales Outstanding	42.07	54.14	58.93	37.52	27	43.05	44.57	46.91	32.13
Inventory	4K	4K	4K	0	0	0	0	0	0
Days Inventory Outstanding	0.21	0.24	0.14	-	-	-	-	-	-
Other Current Assets	0	0	0	0	0	108K	194K	235K	486K
Total Non-Current Assets	7.95M	7.27M	12.02M	12.72M	12.6M	11.45M	11.91M	11.78M	14.08M
Property, Plant & Equipment	202K	164K	1.46M	1.93M	1.64M	1.17M	906K	1.02M	1M
Fixed Asset Turnover	89.42x	110.58x	15.56x	12.09x	16.08x	18.40x	23.85x	21.09x	19.42x
Goodwill	5.43M	5.43M	7.91M	8.14M	7.93M	7.79M	7.87M	7.73M	9.96M
Intangible Assets	0	0	761K	702K	522K	374K	265K	135K	1.38M
Long-Term Investments	645K	203K	129K	0	0	0	0	448K	0
Other Non-Current Assets	1.64M	1.44M	1.72M	1.82M	2.33M	1.97M	2.77M	2.35M	1.6M
Total Assets	26.66M▲ 0%	25.98M▼ 2.6%	31.09M▲ 19.7%	32.42M▲ 4.3%	33.13M▲ 2.2%	31.74M▼ 4.2%	31.63M▼ 0.4%	30.7M▼ 2.9%	30.17M▼ 1.7%
Asset Turnover	0.68x	0.70x	0.73x	0.72x	0.79x	0.68x	0.68x	0.70x	0.64x
Asset Growth %	-8.06%	-2.57%	19.7%	4.25%	2.2%	-4.19%	-0.37%	-2.92%	-1.75%
Total Current Liabilities	3.79M	3.44M	6.3M	5.64M	5.63M	5.17M	4.47M	3.27M	4.2M
Accounts Payable	113K	147K	1.65M	1.28M	839K	937K	989K	769K	546K
Days Payables Outstanding	5.86	8.73	59.51	41.82	24.6	34.05	33.59	26.21	20.9
Short-Term Debt	0	0	292K	346K	0	0	0	188K	255K
Deferred Revenue (Current)	3.56M	1.79M	1.89M	2.11M	2.15M	1.99M	1.52M	849K	1.96M
Other Current Liabilities	278K	523K	1.16M	1.01M	0	277K	135K	591K	1.43M
Current Ratio	4.94x	5.44x	3.03x	3.49x	3.64x	3.92x	4.41x	5.78x	3.83x
Quick Ratio	4.93x	5.44x	3.03x	3.49x	3.64x	3.92x	4.41x	5.78x	3.83x
Cash Conversion Cycle	36.42	45.65	-0.44	-	-	-	-	-	-
Total Non-Current Liabilities	1.85M	1.56M	2.86M	3.65M	3.77M	2.76M	2.66M	3.13M	2.92M
Long-Term Debt	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	983K	1.49M	1.1M	615K	424K	637K	674K
Deferred Tax Liabilities	0	0	0	211K	157K	112K	80K	40K	413K
Other Non-Current Liabilities	1.71M	1.52M	1.77M	1.86M	2.36M	1.93M	2.06M	2.35M	1.6M
Total Liabilities	5.64M	5M	9.16M	9.3M	9.4M	7.94M	7.14M	6.41M	7.12M
Total Debt	0	0	1.27M	1.84M	1.47M	886K	642K	825K	929K
Net Debt	-5.01M	-2.74M	-5.2M	-6.42M	-2.71M	-4.38M	-2.32M	-3.63M	-7.19M
Debt / Equity	-	-	0.06x	0.08x	0.06x	0.04x	0.03x	0.03x	0.04x
Debt / EBITDA	-	-	0.25x	0.32x	0.21x	0.15x	0.13x	0.18x	0.39x
Net Debt / EBITDA	-1.05x	-0.50x	-1.00x	-1.13x	-0.39x	-0.77x	-0.47x	-0.79x	-3.05x
Interest Coverage	444.50x	507.55x	395.50x	255.00x	141.47x	68.67x	205.67x	207.83x	-
Total Equity	21.02M▲ 0%	20.98M▼ 0.2%	21.94M▲ 4.5%	23.12M▲ 5.4%	23.73M▲ 2.6%	23.81M▲ 0.3%	24.49M▲ 2.9%	24.3M▼ 0.8%	23.05M▼ 5.1%
Equity Growth %	-1.24%	-0.19%	4.55%	5.39%	2.63%	0.34%	2.86%	-0.78%	-5.13%
Book Value per Share	1.07	1.07	1.10	1.15	1.17	1.17	1.20	1.18	1.12
Total Shareholders' Equity	21.02M	20.98M	21.94M	23.12M	23.73M	23.81M	24.49M	24.3M	23.05M
Common Stock	54K	54K	54K	54K	54K	54K	54K	54K	54K
Retained Earnings	-2.85M	-3.08M	-3.08M	-2.47M	-1.72M	-1.66M	-1.33M	-1.57M	-3.47M
Treasury Stock	-1.55M	-1.51M	-1.2M	-1.14M	-1.09M	-1.06M	-1.01M	-883K	-930K
Accumulated OCI	-804K	-877K	-884K	-522K	-836K	-1.07M	-1M	-1.21M	-625K
Minority Interest	0	0	0	0	0	0	0	0	0

MNDO Cash Flow Statement

MIND C.T.I. Ltd (MNDO) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	2.75M	4.4M	6.68M	6.5M	6.9M	4.56M	4.1M	4.11M	3.99M
Operating CF Margin %	15.2%	24.27%	29.48%	27.8%	26.2%	21.15%	18.97%	19.18%	20.49%
Operating CF Growth %	-47.64%	60.31%	51.77%	-2.72%	6.14%	-33.92%	-10.05%	0.34%	-3.11%
Net Income	5.61M	5.13M	5.07M	5.38M	5.95M	5.29M	5.17M	4.63M	2.6M
Depreciation & Amortization	104K	84K	151K	200K	194K	193K	196K	186K	270K
Stock-Based Compensation	182K	224K	200K	213K	171K	258K	281K	252K	0
Deferred Taxes	63K	-2K	-2K	-128K	-96K	7K	6K	-43K	-99K
Other Non-Cash Items	-983K	159K	-6K	42K	78K	86K	38K	35K	251K
Working Capital Changes	-2.23M	-1.2M	1.27M	789K	604K	-1.27M	-1.59M	-946K	960K
Change in Receivables	574K	-750K	805K	1.07M	243K	-666K	-549K	-4K	1.5M
Change in Inventory	1K	1.09M	177K	0	0	0	0	0	0
Change in Payables	62K	34K	138K	-901K	-363K	139K	20K	-173K	-325K
Cash from Investing	-777K	-917K	2.04M	-34K	-5.69M	1.83M	-1.54M	2.29M	4.27M
Capital Expenditures	-71K	-46K	-52K	-68K	-82K	-130K	-64K	-10K	-27K
CapEx % of Revenue	0.39%	0.25%	0.23%	0.29%	0.31%	0.6%	0.3%	0.05%	0.14%
Acquisitions	1.17M	105K	-2.31M	0	0	0	0	0	-1.53M
Investments	-	-	-	-	-	-	-	-	-
Other Investing	93K	-105K	-139K	-126K	-86K	-61K	-53K	-55K	-48K
Cash from Financing	-6.12M	-5.76M	-5.06M	-4.78M	-5.2M	-5.23M	-4.84M	-4.87M	-4.63M
Debt Issued (Net)	0	0	0	0	0	0	0	0	0
Equity Issued (Net)	0	0	0	0	0	0	0	0	-130K
Dividends Paid	-6.17M	-5.8M	-5.06M	-4.78M	-5.2M	-5.23M	-4.84M	-4.87M	-4.5M
Share Repurchases	0	0	0	0	0	0	0	0	-130K
Other Financing	53K	39K	0	0	0	0	0	0	0
Net Change in Cash	-4.15M▲ 0%	-2.27M▲ 45.2%	3.68M▲ 261.6%	1.78M▼ 51.6%	-4.08M▼ 329.0%	1.08M▲ 126.6%	-2.31M▼ 313.0%	1.49M▲ 164.8%	3.66M▲ 145.2%
Free Cash Flow	2.67M▲ 0%	4.36M▲ 62.8%	6.63M▲ 52.2%	6.43M▼ 3.0%	6.82M▲ 6.0%	4.43M▼ 35.0%	4.04M▼ 8.9%	4.1M▲ 1.7%	3.96M▼ 3.5%
FCF Margin %	14.81%	24.02%	29.25%	27.51%	25.89%	20.55%	18.67%	19.14%	20.35%
FCF Growth %	-48.32%	62.84%	52.18%	-2.99%	5.99%	-35.04%	-8.85%	1.68%	-3.53%
FCF per Share	0.14	0.22	0.33	0.32	0.34	0.22	0.20	0.20	0.19
FCF Conversion (FCF/Net Income)	0.49x	0.86x	1.32x	1.21x	1.16x	0.86x	0.79x	0.89x	1.53x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	935K	19K	12K	454K	903K	413K	419K	393K	0

MNDO Key Ratios

MIND C.T.I. Ltd (MNDO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	19.49%	26.53%	24.45%	23.6%	23.9%	25.39%	22.25%	21.4%	18.98%	11%
Return on Invested Capital (ROIC)	34.72%	24.99%	23.43%	21.62%	24.51%	27.16%	20.49%	17.12%	15.33%	8.57%
Gross Margin	62.16%	61.06%	66.11%	55.32%	52.28%	52.72%	53.39%	50.28%	50.07%	50.99%
Net Margin	23.28%	31.07%	28.31%	22.35%	23.03%	22.59%	24.53%	23.91%	21.59%	13.38%
Debt / Equity	-	-	-	0.06x	0.08x	0.06x	0.04x	0.03x	0.03x	0.04x
Interest Coverage	414.23x	444.50x	507.55x	395.50x	255.00x	141.47x	68.67x	205.67x	207.83x	-
FCF Conversion	1.25x	0.49x	0.86x	1.32x	1.21x	1.16x	0.86x	0.79x	0.89x	1.53x
Revenue Growth	-13.74%	0.06%	0.4%	24.97%	3.13%	12.65%	-18.15%	0.28%	-0.77%	-9.27%

MNDO Frequently Asked Questions

MIND C.T.I. Ltd (MNDO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

MIND C.T.I. Ltd (MNDO) reported $19.5M in revenue for fiscal year 2025. This represents a 137% increase from $8.2M in 1999.

MIND C.T.I. Ltd (MNDO) saw revenue decline by 9.3% over the past year.

Yes, MIND C.T.I. Ltd (MNDO) is profitable, generating $2.6M in net income for fiscal year 2025 (13.4% net margin).

Dividend & Returns

Yes, MIND C.T.I. Ltd (MNDO) pays a dividend with a yield of 21.61%. This makes it attractive for income-focused investors.

MIND C.T.I. Ltd (MNDO) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.

MIND C.T.I. Ltd (MNDO) generated $4.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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MIND C.T.I. Ltd (MNDO) financial analysis — history, returns, DCA and operating performance tools

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