MIND C.T.I. Ltd (MNDO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 5.08M | 4.89M | 4.82M | 4.75M | 5M | 5.2M | 5.21M | 5.27M | 5.76M | 5.61M | 5.26M | 5.25M | 5.49M | 5.37M | 5.25M | 5.24M | 5.69M | 5.97M | 7M | 7.24M |
| Revenue Growth % | 1.78% | -6.02% | -7.39% | -9.9% | -13.34% | -7.31% | -1.06% | 0.42% | 5.07% | 4.49% | 0.19% | 0.27% | -3.58% | -10.02% | -24.95% | -27.67% | -7.04% | 2.53% | 18.42% | 28.52% |
| Cost of Goods Sold | 2.35M | 2.18M | 2.27M | 2.6M | 2.49M | 2.31M | 2.95M | 2.47M | 2.97M | 2.83M | 2.59M | 2.54M | 2.79M | 2.59M | 2.47M | 2.38M | 2.61M | 2.67M | 3.55M | 3.43M |
| COGS % of Revenue | 46.12% | 44.56% | 47.07% | 54.76% | 49.78% | 44.41% | 56.68% | 46.91% | 51.59% | 50.53% | 49.2% | 48.27% | 50.79% | 48.23% | 47.01% | 45.4% | 45.81% | 44.74% | 50.69% | 47.35% |
| Gross Profit | 2.74M | 2.71M | 2.55M | 2.15M | 2.51M | 2.89M | 2.26M | 2.8M | 2.79M | 2.77M | 2.67M | 2.72M | 2.7M | 2.78M | 2.78M | 2.86M | 3.08M | 3.3M | 3.45M | 3.81M |
| Gross Margin % | 53.88% | 55.44% | 52.93% | 45.24% | 50.22% | 55.59% | 43.32% | 53.09% | 48.41% | 49.47% | 50.8% | 51.73% | 49.21% | 51.77% | 52.99% | 54.6% | 54.19% | 55.26% | 49.31% | 52.65% |
| Gross Profit Growth % | 9.21% | -6.26% | 13.16% | -23.21% | -10.1% | 4.14% | -15.63% | 3.05% | 3.37% | -0.14% | -3.95% | -5% | -12.45% | -15.71% | -19.35% | -24.99% | -7.08% | 9.9% | 13% | 25.59% |
| Operating Expenses | 1.82M | 1.9M | 1.91M | 1.88M | 2.14M | 1.57M | 1.51M | 1.73M | 1.55M | 1.62M | 1.46M | 1.64M | 1.39M | 1.57M | 1.4M | 1.55M | 1.46M | 1.67M | 1.73M | 1.95M |
| OpEx % of Revenue | 35.79% | 38.95% | 39.58% | 39.65% | 42.81% | 30.2% | 29.05% | 32.78% | 26.85% | 28.9% | 27.72% | 31.28% | 25.41% | 29.25% | 26.68% | 29.61% | 25.65% | 27.94% | 24.74% | 26.88% |
| Selling, General & Admin | 828K | 839K | 811K | 889K | 1.25M | 743K | 672K | 888K | 666K | 753K | 594K | 738K | 494K | 733K | 536K | 703K | 516K | 727K | 599K | 985K |
| SG&A % of Revenue | 16.28% | 17.17% | 16.82% | 18.71% | 24.92% | 14.29% | 12.9% | 16.84% | 11.55% | 13.42% | 11.28% | 14.05% | 9% | 13.66% | 10.2% | 13.42% | 9.07% | 12.19% | 8.56% | 13.6% |
| Research & Development | 992K | 1.06M | 1.1M | 995K | 894K | 827K | 841K | 841K | 882K | 868K | 865K | 905K | 900K | 837K | 866K | 848K | 944K | 940K | 1.13M | 962K |
| R&D % of Revenue | 19.51% | 21.78% | 22.77% | 20.94% | 17.89% | 15.91% | 16.15% | 15.95% | 15.3% | 15.48% | 16.43% | 17.23% | 16.4% | 15.59% | 16.48% | 16.19% | 16.59% | 15.76% | 16.18% | 13.28% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 920K | 806K | 644K | 266K | 370K | 1.32M | 743K | 1.07M | 1.24M | 1.15M | 1.22M | 1.07M | 1.31M | 1.21M | 1.38M | 1.31M | 1.62M | 1.63M | 1.72M | 1.87M |
| Operating Margin % | 18.09% | 16.5% | 13.35% | 5.6% | 7.41% | 25.39% | 14.27% | 20.31% | 21.56% | 20.57% | 23.08% | 20.45% | 23.8% | 22.52% | 26.3% | 24.99% | 28.54% | 27.32% | 24.57% | 25.77% |
| Operating Income Growth % | 148.65% | -38.94% | -13.32% | -75.16% | -70.23% | 14.38% | -38.85% | -0.28% | -4.82% | -4.55% | -12.08% | -17.95% | -19.58% | -25.83% | -19.65% | -29.85% | 0.74% | 21.91% | 20.2% | 32.53% |
| EBITDA | 989K | 874K | 693K | 345K | 444K | 1.36M | 790K | 1.12M | 1.29M | 1.2M | 1.26M | 1.13M | 1.35M | 1.27M | 1.43M | 1.35M | 1.67M | 1.68M | 1.77M | 1.92M |
| EBITDA Margin % | 19.45% | 17.89% | 14.37% | 7.26% | 8.89% | 26.25% | 15.17% | 21.18% | 22.39% | 21.45% | 23.97% | 21.42% | 24.69% | 23.66% | 27.12% | 25.81% | 29.34% | 28.11% | 25.22% | 26.46% |
| EBITDA Growth % | 122.75% | -35.97% | -12.28% | -69.11% | -65.61% | 13.47% | -37.4% | -0.71% | -4.72% | -5.28% | -11.44% | -16.79% | -18.86% | -24.27% | -19.31% | -29.44% | 0.42% | 21.26% | 18.36% | 31.68% |
| D&A (Non-Cash Add-back) | 69K | 68K | 49K | 79K | 74K | 45K | 47K | 46K | 48K | 49K | 47K | 51K | 49K | 61K | 43K | 43K | 46K | 47K | 46K | 50K |
| EBIT | 920K | 806K | 761K | 517K | 544K | 1.39M | 935K | 1.21M | 1.43M | 1.5M | 1.36M | 1.22M | 1.45M | 1.36M | 1.39M | 1.31M | 1.63M | 1.63M | 1.72M | 1.9M |
| Net Interest Income | 70K | 139K | 117K | 251K | 174K | 67K | 192K | 140K | 188K | 345K | 142K | 142K | 148K | 150K | 4K | -68K | 7K | 38K | -32K | 37K |
| Interest Income | 70K | 139K | 117K | 251K | 174K | 67K | 192K | 140K | 188K | 345K | 142K | 142K | 148K | 150K | 4K | 0 | 7K | 38K | 0 | 37K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 68K | 0 | 0 | 32K | 0 |
| Other Income/Expense | 70K | 139K | 117K | 251K | 174K | 67K | 192K | 140K | 188K | 345K | 142K | 142K | 148K | 150K | 4K | -68K | 7K | 37K | -32K | 37K |
| Pretax Income | 990K | 945K | 761K | 517K | 544K | 1.39M | 935K | 1.21M | 1.43M | 1.5M | 1.36M | 1.22M | 1.45M | 1.36M | 1.39M | 1.24M | 1.63M | 1.67M | 1.69M | 1.9M |
| Pretax Margin % | 19.47% | 19.34% | 15.78% | 10.88% | 10.89% | 26.68% | 17.95% | 22.96% | 24.82% | 26.72% | 25.78% | 23.15% | 26.5% | 25.32% | 26.38% | 23.69% | 28.66% | 27.94% | 24.11% | 26.28% |
| Income Tax | 122K | -5K | 80K | 34K | 54K | 149K | 6K | 82K | 97K | 65K | 107K | 78K | 109K | 87K | 96K | 17K | 130K | 143K | 261K | 389K |
| Effective Tax Rate % | 12.32% | -0.53% | 10.51% | 6.58% | 9.93% | 10.74% | 0.64% | 6.77% | 6.78% | 4.34% | 7.89% | 6.41% | 7.5% | 6.4% | 6.93% | 1.37% | 7.97% | 8.58% | 15.46% | 20.44% |
| Net Income | 868K | 950K | 681K | 483K | 490K | 1.24M | 929K | 1.13M | 1.33M | 1.43M | 1.25M | 1.14M | 1.34M | 1.27M | 1.29M | 1.22M | 1.5M | 1.52M | 1.43M | 1.51M |
| Net Margin % | 17.07% | 19.44% | 14.12% | 10.16% | 9.81% | 23.81% | 17.84% | 21.41% | 23.14% | 25.57% | 23.75% | 21.67% | 24.51% | 23.7% | 24.55% | 23.37% | 26.38% | 25.54% | 20.38% | 20.91% |
| Net Income Growth % | 77.14% | -23.26% | -26.7% | -57.22% | -63.27% | -13.67% | -25.68% | -0.79% | -0.82% | 12.74% | -3.1% | -7.03% | -10.39% | -16.54% | -9.6% | -19.15% | 1.28% | 9.64% | 1.49% | 7.15% |
| Net Income (Continuing) | 868K | 950K | 681K | 483K | 490K | 1.24M | 929K | 1.13M | 1.33M | 1.43M | 1.25M | 1.14M | 1.34M | 1.27M | 1.29M | 1.22M | 1.5M | 1.52M | 1.43M | 1.51M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.04 | 0.05 | 0.03 | 0.02 | 0.02 | 0.06 | 0.04 | 0.05 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 | 0.07 | 0.07 |
| EPS Growth % | 78.15% | -23.41% | -26.73% | -57.4% | -63.38% | -14.45% | -26.39% | -1.62% | -1.37% | 12.2% | -3.79% | -7.49% | -10.83% | -17.26% | -9.43% | -14.14% | 5.57% | 7.57% | 0% | 0% |
| EPS (Basic) | 0.04 | 0.05 | 0.03 | 0.02 | 0.02 | 0.06 | 0.05 | 0.06 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 | 0.07 | 0.08 |
| Diluted Shares Outstanding | 20.45M | 20.75M | 20.72M | 20.7M | 20.6M | 20.71M | 20.69M | 20.64M | 20.52M | 20.5M | 20.49M | 20.47M | 20.42M | 20.4M | 20.36M | 20.36M | 20.32M | 20.25M | 20.24M | 20.22M |
| Basic Shares Outstanding | 20.33M | 20.66M | 22.7M | 20.57M | 20.39M | 20.48M | 20.46M | 20.4M | 20.2M | 20.22M | 20.21M | 20.2M | 20.13M | 20.17M | 20.11M | 20.11M | 20.07M | 20.04M | 20.01M | 20M |
| Dividend Payout Ratio | - | 7.09% | - | 932.09% | - | - | - | 431.18% | - | - | - | 425.22% | - | - | - | 427.04% | - | - | - | 343.26% |