Mynd.ai, Inc. (MYND) 10-Year Financial Performance & Capital Metrics

MYND • • Industrial / General

Consumer DefensiveEducation & TrainingOnline Learning PlatformsEducational Technology & Content

AboutMynd.ai, Inc. operates in interactive technology offering hardware and software solutions. The company's solutions help organizations create and deliver dynamic content; simplify and streamline teaching, learning, and communication; and facilitate real-time collaboration. Its interactive displays and software are available in approximately 1 million learning and training spaces across 126 countries. The company's distribution network of approximately 4,000 reseller partners and its dedicated sales and support teams worldwide enable to deliver the service to its customers. The company was formerly known as Gravitas Education Holdings, Inc. and changed its name to Mynd.ai, Inc. in December 2023. Mynd.ai, Inc. was founded in 1998 and is based in Beijing, China.Show more

Revenue $267M -35.3%
EBITDA -$32M +16.3%
Net Income -$96M -153.1%
EPS (Diluted) -21.00 -138.6%
Gross Margin 24.77% -0.7%
EBITDA Margin -12.1% -29.5%
Operating Margin -14.23% -34.5%
Net Margin -35.81% -291.5%
ROE -124.42% -331.8%
ROIC -33.36% -56.0%
Debt/Equity 2.64 +203.4%
Interest Coverage -3.67 +60.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.1x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗High debt to equity ratio of 2.6x
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y7.96%

3Y72.63%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-1.03%

5Y Avg-10.1%

3Y Avg-13.35%

Latest-21.84%

Peer Comparison

Educational Technology & Content

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOPEGrand Canyon Education, Inc.	5.03B	180.00	23.29	7.5%	19.38%	27.88%	5.02%	0.14
DAOYoudao, Inc.	390.07M	12.47	17.81	5.89%	4.07%
VSTAVasta Platform Limited	79.21M	4.96	0.82	12.64%	28.1%	10.01%	59.55%	0.24
MYNDMynd.ai, Inc.	20.22M	0.44	-0.02	-35.35%	-35.81%	-124.42%		2.64
CHGGChegg, Inc.	96.16M	0.88	-0.11	-13.78%	-17.14%	-52.54%	52.26%	2.61
YQ17 Education & Technology Group Inc.	22.43M	3.44	-0.14	10.67%	-96.33%	-39.99%		0.03
JZJianzhi Education Technology Group Company Limited	7.63M	0.99	-0.59	-43.52%	-24.83%	-5.25%		0.29
SKILSkillsoft Corp.	86.45M	9.87	-0.66	-4.02%	-26.02%	-33.66%	13.42%	6.28

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	108.51M	140.8M	156.5M	182.28M	109.72M	51.97M	584.68M	413.56M	267.38M
Revenue Growth %	-	0.3%	0.11%	0.16%	-0.4%	-0.53%	10.25%	-0.29%	-0.35%
Cost of Goods Sold+	91.62M	111.28M	130.86M	155.53M	116.9M	309.22M	440.77M	310.42M	201.14M
COGS % of Revenue	0.84%	0.79%	0.84%	0.85%	1.07%	5.95%	0.75%	0.75%	0.75%
Gross Profit+	16.9M	29.53M	25.63M	26.75M	-7.19M	138.97M	143.04M	103.14M	66.24M
Gross Margin %	0.16%	0.21%	0.16%	0.15%	-0.07%	2.67%	0.24%	0.25%	0.25%
Gross Profit Growth %	-	0.75%	-0.13%	0.04%	-1.27%	20.34%	0.03%	-0.28%	-0.36%
Operating Expenses+	9.35M	20.19M	28.66M	26.17M	25.6M	127.44M	136.91M	146.89M	104.28M
OpEx % of Revenue	0.09%	0.14%	0.18%	0.14%	0.23%	2.45%	0.23%	0.36%	0.39%
Selling, General & Admin	9.35M	20.19M	28.66M	26.17M	25.6M	91.84M	95.46M	82.81M	75.54M
SG&A % of Revenue	0.09%	0.14%	0.18%	0.14%	0.23%	1.77%	0.16%	0.2%	0.28%
Research & Development	0	0	0	0	0	35.59M	41.46M	34.6M	25.25M
R&D % of Revenue	-	-	-	-	-	0.68%	0.07%	0.08%	0.09%
Other Operating Expenses	0	0	0	0	0	0	0	29.48M	3.48M
Operating Income+	7.55M	9.33M	-3.03M	582K	-32.78M	11.07M	6.99M	-43.75M	-38.04M
Operating Margin %	0.07%	0.07%	-0.02%	0%	-0.3%	0.21%	0.01%	-0.11%	-0.14%
Operating Income Growth %	-	0.24%	-1.32%	1.19%	-57.33%	1.34%	-0.37%	-7.26%	0.13%
EBITDA+	12.38M	15.43M	5.03M	12.1M	-21.11M	24.11M	11.51M	-38.63M	-32.34M
EBITDA Margin %	0.11%	0.11%	0.03%	0.07%	-0.19%	0.46%	0.02%	-0.09%	-0.12%
EBITDA Growth %	-	0.25%	-0.67%	1.41%	-2.74%	2.14%	-0.52%	-4.36%	0.16%
D&A (Non-Cash Add-back)	4.83M	6.1M	8.06M	11.52M	11.67M	13.05M	4.52M	5.12M	5.7M
EBIT	8.23M	10.59M	1.04M	2.02M	-40.78M	-16.72M	11.78M	-41.5M	-25.37M
Net Interest Income+	0	0	0	0	348.6K	-173K	-1.83M	-4.66M	-7.71M
Interest Income	107K	563K	2.15M	858K	348K	0	0	0	2.66M
Interest Expense	0	0	0	0	0	173K	1.83M	4.66M	10.37M
Other Income/Expense	680K	1.26M	4.06M	1.43M	-8M	-2.42M	2.94M	-2.41M	2.29M
Pretax Income+	8.23M	10.59M	1.04M	2.02M	-40.78M	8.64M	9.95M	-46.16M	-35.74M
Pretax Margin %	0.08%	0.08%	0.01%	0.01%	-0.37%	0.17%	0.02%	-0.11%	-0.13%
Income Tax+	2.15M	3.81M	2.46M	3.54M	215K	1.79M	-25.27M	-9.16M	68.73M
Effective Tax Rate %	0.79%	0.67%	-1.73%	-1.21%	0.91%	-0.13%	2.27%	0.82%	2.68%
Net Income+	6.5M	7.12M	-1.79M	-2.43M	-37.28M	-1.1M	22.59M	-37.83M	-95.75M
Net Margin %	0.06%	0.05%	-0.01%	-0.01%	-0.34%	-0.02%	0.04%	-0.09%	-0.36%
Net Income Growth %	-	0.09%	-1.25%	-0.36%	-14.32%	0.97%	21.49%	-2.68%	-1.53%
Net Income (Continuing)	6.08M	6.78M	-1.42M	-1.53M	-41M	6.86M	35.22M	-37.01M	-104.48M
Discontinued Operations	0	0	0	0	0	-7.96M	-12.64M	-823K	8.72M
Minority Interest	453K	1.55M	6.24M	18.2M	15.52M	11.43M	0	1.89M	0
EPS (Diluted)+	28.10	26.80	-6.10	-0.87	-13.30	-0.24	5.00	-8.80	-21.00
EPS Growth %	-	-0.05%	-1.23%	0.86%	-14.29%	0.98%	21.83%	-2.76%	-1.39%
EPS (Basic)	28.10	28.80	-6.10	-0.87	-13.30	-0.24	5.00	-8.80	-21.00
Diluted Shares Outstanding	231.64K	265.67K	292.14K	2.81M	2.81M	4.55M	4.55M	4.28M	4.56M
Basic Shares Outstanding	231.64K	247.35K	292.14K	2.81M	2.81M	4.55M	4.55M	4.28M	4.56M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	63.98M	172.81M	121.6M	91.57M	70.11M	82.25M	227.89M	226.17M	147.62M
Cash & Short-Term Investments	46.69M	158.69M	104.08M	69.73M	53.45M	33.32M	29.31M	91.78M	75.32M
Cash Only	46.26M	158.69M	104.08M	68.73M	53.45M	33.32M	29.31M	91.78M	75.32M
Short-Term Investments	432K	0	0	1M	0	0	0	0	0
Accounts Receivable	5.48M	2.53M	2.83M	7.97M	1.95M	1.28M	74.92M	63.87M	36.65M
Days Sales Outstanding	18.44	6.56	6.61	15.96	6.49	9	46.77	56.37	50.03
Inventory	3.53M	4.04M	5.68M	7.44M	5.77M	6.13M	111.23M	53.1M	28.64M
Days Inventory Outstanding	14.07	13.24	15.83	17.46	18.02	7.24	92.11	62.43	51.97
Other Current Assets	5.53M	3.69M	1.78M	2.42M	8.93M	41.52M	2.93M	11.4M	3.62M
Total Non-Current Assets+	40.43M	56.93M	121.86M	244.52M	232.39M	200.82M	140.89M	178.22M	105M
Property, Plant & Equipment	29.41M	40.16M	45.9M	133.54M	137.05M	31.86M	6.11M	19.37M	18.04M
Fixed Asset Turnover	3.69x	3.51x	3.41x	1.36x	0.80x	1.63x	95.72x	21.35x	14.82x
Goodwill	401K	428K	25.1M	52.69M	46.15M	19.18M	42.05M	46.92M	44.13M
Intangible Assets	0	0	0	0	0	0	48M	51.45M	39.52M
Long-Term Investments	3.66M	3.91M	6.13M	5.95M	7.36M	169K	0	0	0
Other Non-Current Assets	0	0	28.54M	34.18M	20.66M	141.96M	107K	4.09M	3.27M
Total Assets+	104.41M	229.74M	243.46M	336.09M	302.49M	283.08M	368.78M	404.39M	252.62M
Asset Turnover	1.04x	0.61x	0.64x	0.54x	0.36x	0.18x	1.59x	1.02x	1.06x
Asset Growth %	-	1.2%	0.06%	0.38%	-0.1%	-0.06%	0.3%	0.1%	-0.38%
Total Current Liabilities+	80.29M	97.02M	108.34M	125.91M	128.36M	122.36M	206.65M	178.56M	130.07M
Accounts Payable	0	0	0	14.93M	18.59M	1.47M	85.45M	59.14M	40.48M
Days Payables Outstanding	-	-	-	35.03	58.05	1.73	70.76	69.54	73.47
Short-Term Debt	0	0	0	16.49M	16.86M	5.62M	48.03M	31.94M	10.93M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	16.37M	25.84M	33.47M	26.87M	24.54M	97.64M	32.67M	42.77M	7.22M
Current Ratio	0.80x	1.78x	1.12x	0.73x	0.55x	0.67x	1.10x	1.27x	1.13x
Quick Ratio	0.75x	1.74x	1.07x	0.67x	0.50x	0.62x	0.56x	0.97x	0.91x
Cash Conversion Cycle	-	-	-	-1.61	-33.53	14.51	68.12	49.26	28.53
Total Non-Current Liabilities+	20.16M	27.42M	20.15M	93.47M	96.47M	81.56M	25.12M	100.27M	94.18M
Long-Term Debt	0	0	0	71.01M	76.31M	65.69M	4.72M	69.53M	60.16M
Capital Lease Obligations	0	0	0	71.01M	76.31M	65.69M	1.63M	3.41M	2.76M
Deferred Tax Liabilities	0	0	1.11M	3.38M	1.89M	1.75M	959K	1.32M	9.76M
Other Non-Current Liabilities	6.01M	8.48M	8.54M	-59.98M	-63.79M	40.47M	117K	4.25M	2.92M
Total Liabilities	100.45M	124.44M	128.49M	219.38M	224.82M	203.92M	231.77M	278.83M	224.25M
Total Debt+	0	0	0	87.5M	93.17M	24.33M	56.17M	109.3M	74.9M
Net Debt	-46.26M	-158.69M	-104.08M	18.77M	39.72M	-9M	26.86M	17.51M	-414K
Debt / Equity	-	-	-	0.75x	1.20x	0.31x	0.41x	0.87x	2.64x
Debt / EBITDA	-	-	-	7.23x	-	1.01x	4.88x	-	-
Net Debt / EBITDA	-3.74x	-10.28x	-20.68x	1.55x	-	-0.37x	2.33x	-	-
Interest Coverage	-	-	-	-	-	63.97x	3.81x	-9.39x	-3.67x
Total Equity+	3.96M	105.29M	114.97M	116.72M	77.67M	79.16M	137.01M	125.56M	28.36M
Equity Growth %	-	25.58%	0.09%	0.02%	-0.33%	0.02%	0.73%	-0.08%	-0.77%
Book Value per Share	17.10	396.34	393.54	41.57	27.62	17.40	30.12	29.34	6.21
Total Shareholders' Equity	3.51M	103.75M	108.73M	98.52M	62.15M	67.73M	137.01M	123.67M	28.36M
Common Stock	23K	29K	29K	29K	29K	29K	426K	456K	456K
Retained Earnings	-35.47M	-28.88M	-30.42M	-33.55M	-71.84M	-65.56M	-316.03M	-353.89M	-454.57M
Treasury Stock	0	0	0	-12M	-10.32M	-8.67M	0	0	-342K
Accumulated OCI	2.54M	3.46M	3.24M	4.2M	3.18M	5.42M	4.55M	3.51M	3.34M
Minority Interest	453K	1.55M	6.24M	18.2M	15.52M	11.43M	0	1.89M	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	35.05M	25.1M	828K	12.98M	-6.53M	-21.9M	-5.27M	-2.36M	786K
Operating CF Margin %	0.32%	0.18%	0.01%	0.07%	-0.06%	-0.42%	-0.01%	-0.01%	0%
Operating CF Growth %	-	-0.28%	-0.97%	14.68%	-1.5%	-2.36%	0.76%	0.55%	1.33%
Net Income	6.5M	7.12M	-1.79M	-2.43M	-37.28M	-16.49M	22.59M	-37.04M	-104.48M
Depreciation & Amortization	4.83M	6.1M	8.06M	11.52M	11.67M	13.07M	4.52M	5.12M	5.7M
Stock-Based Compensation	0	0	0	0	0	0	0	0	3.7M
Deferred Taxes	-1.69M	-4.83M	-4.58M	-2.69M	-3.22M	-1.29M	-25.27M	-10.31M	67.67M
Other Non-Cash Items	10.92M	16.26M	23.8M	4.96M	32.35M	-586.74K	974K	8.3M	-4.24M
Working Capital Changes	25.78M	12.88M	-6.76M	1.63M	-10.04M	-16.6M	-8.08M	31.57M	32.44M
Change in Receivables	-176K	68K	-271K	-1.72M	631K	-46.25M	25.35M	1.36M	33.9M
Change in Inventory	-1.45M	-290K	-1.51M	-1.99M	1.66M	-57.39M	-20.24M	54.73M	25.25M
Change in Payables	0	0	0	0	0	54.79M	-1.82M	-23.2M	-17.68M
Cash from Investing+	-10.7M	-7.32M	-51.11M	-33.96M	-1.82M	-1.19M	-15.78M	19.33M	4.31M
Capital Expenditures	-11.3M	-11.92M	-11.48M	-12.49M	-3.98M	-1.19M	-1.86M	-4.82M	-1.28M
CapEx % of Revenue	0.1%	0.08%	0.07%	0.07%	0.04%	0.02%	0%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	2.81M	0	0	-383K	204K	-7.92M	8.02M	-14.41M
Cash from Financing+	0	91.16M	-1.38M	-13.87M	-204K	25.46M	11.35M	44.44M	-22.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	-990K	0	-1.81M	-123.86K	0	0	-2.17M	-1.1M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	23.75M	13.18M	-10.65M	490K	-10.5M	-23.1M	-7.13M	-7.05M	-8.96M
FCF Margin %	0.22%	0.09%	-0.07%	0%	-0.1%	-0.44%	-0.01%	-0.02%	-0.03%
FCF Growth %	-	-0.44%	-1.81%	1.05%	-22.43%	-1.2%	0.69%	0.01%	-0.27%
FCF per Share	102.52	49.62	-36.46	0.17	-3.73	-5.08	-1.57	-1.65	-1.96
FCF Conversion (FCF/Net Income)	5.39x	3.53x	-0.46x	-5.33x	0.18x	19.88x	-0.23x	0.06x	-0.01x
Interest Paid	0	0	0	0	0	0	0	5.22M	5.39M
Taxes Paid	0	0	0	0	0	6.42M	969K	914K	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	164.23%	13.02%	-1.62%	-2.1%	-38.36%	-1.41%	20.9%	-28.82%	-124.42%
Return on Invested Capital (ROIC)	-	-	-20.86%	0.6%	-19.45%	8.85%	4.48%	-21.38%	-33.36%
Gross Margin	15.57%	20.97%	16.38%	14.67%	-6.55%	267.38%	24.47%	24.94%	24.77%
Net Margin	5.99%	5.05%	-1.14%	-1.34%	-33.98%	-2.12%	3.86%	-9.15%	-35.81%
Debt / Equity	-	-	-	0.75x	1.20x	0.31x	0.41x	0.87x	2.64x
Interest Coverage	-	-	-	-	-	63.97x	3.81x	-9.39x	-3.67x
FCF Conversion	5.39x	3.53x	-0.46x	-5.33x	0.18x	19.88x	-0.23x	0.06x	-0.01x
Revenue Growth	-	29.76%	11.15%	16.48%	-39.81%	-52.63%	1024.96%	-29.27%	-35.35%

Revenue by Segment

	2024
Hardware And Accessories	245.59M
Hardware And Accessories Growth	-
Service	7.39M
Service Growth	-
SaaS	4.77M
SaaS Growth	-

Revenue by Geography

	2024
UNITED STATES	179.81M
UNITED STATES Growth	-
Non-US	87.57M
Non-US Growth	-
GERMANY	35.14M
GERMANY Growth	-

Frequently Asked Questions

Growth & Financials

Mynd.ai, Inc. (MYND) reported $267.4M in revenue for fiscal year 2024. This represents a 146% increase from $108.5M in 2016.

Mynd.ai, Inc. (MYND) saw revenue decline by 35.3% over the past year.

Mynd.ai, Inc. (MYND) reported a net loss of $95.8M for fiscal year 2024.

Dividend & Returns

Mynd.ai, Inc. (MYND) has a return on equity (ROE) of -124.4%. Negative ROE indicates the company is unprofitable.

Mynd.ai, Inc. (MYND) had negative free cash flow of $9.0M in fiscal year 2024, likely due to heavy capital investments.

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Mynd.ai, Inc. (MYND) 10-Year Financial Performance & Capital Metrics

MYND • • Industrial / General

Consumer DefensiveEducation & TrainingOnline Learning PlatformsEducational Technology & Content

Revenue $267M -35.3%
EBITDA -$32M +16.3%
Net Income -$96M -153.1%
EPS (Diluted) -21.00 -138.6%
Gross Margin 24.77% -0.7%
EBITDA Margin -12.1% -29.5%
Operating Margin -14.23% -34.5%
Net Margin -35.81% -291.5%
ROE -124.42% -331.8%
ROIC -33.36% -56.0%
Debt/Equity 2.64 +203.4%
Interest Coverage -3.67 +60.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.1x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗High debt to equity ratio of 2.6x
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y7.96%

3Y72.63%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-1.03%

5Y Avg-10.1%

3Y Avg-13.35%

Latest-21.84%

Peer Comparison

Educational Technology & Content

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOPEGrand Canyon Education, Inc.	5.03B	180.00	23.29	7.5%	19.38%	27.88%	5.02%	0.14
DAOYoudao, Inc.	390.07M	12.47	17.81	5.89%	4.07%
VSTAVasta Platform Limited	79.21M	4.96	0.82	12.64%	28.1%	10.01%	59.55%	0.24
MYNDMynd.ai, Inc.	20.22M	0.44	-0.02	-35.35%	-35.81%	-124.42%		2.64
CHGGChegg, Inc.	96.16M	0.88	-0.11	-13.78%	-17.14%	-52.54%	52.26%	2.61
YQ17 Education & Technology Group Inc.	22.43M	3.44	-0.14	10.67%	-96.33%	-39.99%		0.03
JZJianzhi Education Technology Group Company Limited	7.63M	0.99	-0.59	-43.52%	-24.83%	-5.25%		0.29
SKILSkillsoft Corp.	86.45M	9.87	-0.66	-4.02%	-26.02%	-33.66%	13.42%	6.28

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	108.51M	140.8M	156.5M	182.28M	109.72M	51.97M	584.68M	413.56M	267.38M
Revenue Growth %	-	0.3%	0.11%	0.16%	-0.4%	-0.53%	10.25%	-0.29%	-0.35%
Cost of Goods Sold+	91.62M	111.28M	130.86M	155.53M	116.9M	309.22M	440.77M	310.42M	201.14M
COGS % of Revenue	0.84%	0.79%	0.84%	0.85%	1.07%	5.95%	0.75%	0.75%	0.75%
Gross Profit+	16.9M	29.53M	25.63M	26.75M	-7.19M	138.97M	143.04M	103.14M	66.24M
Gross Margin %	0.16%	0.21%	0.16%	0.15%	-0.07%	2.67%	0.24%	0.25%	0.25%
Gross Profit Growth %	-	0.75%	-0.13%	0.04%	-1.27%	20.34%	0.03%	-0.28%	-0.36%
Operating Expenses+	9.35M	20.19M	28.66M	26.17M	25.6M	127.44M	136.91M	146.89M	104.28M
OpEx % of Revenue	0.09%	0.14%	0.18%	0.14%	0.23%	2.45%	0.23%	0.36%	0.39%
Selling, General & Admin	9.35M	20.19M	28.66M	26.17M	25.6M	91.84M	95.46M	82.81M	75.54M
SG&A % of Revenue	0.09%	0.14%	0.18%	0.14%	0.23%	1.77%	0.16%	0.2%	0.28%
Research & Development	0	0	0	0	0	35.59M	41.46M	34.6M	25.25M
R&D % of Revenue	-	-	-	-	-	0.68%	0.07%	0.08%	0.09%
Other Operating Expenses	0	0	0	0	0	0	0	29.48M	3.48M
Operating Income+	7.55M	9.33M	-3.03M	582K	-32.78M	11.07M	6.99M	-43.75M	-38.04M
Operating Margin %	0.07%	0.07%	-0.02%	0%	-0.3%	0.21%	0.01%	-0.11%	-0.14%
Operating Income Growth %	-	0.24%	-1.32%	1.19%	-57.33%	1.34%	-0.37%	-7.26%	0.13%
EBITDA+	12.38M	15.43M	5.03M	12.1M	-21.11M	24.11M	11.51M	-38.63M	-32.34M
EBITDA Margin %	0.11%	0.11%	0.03%	0.07%	-0.19%	0.46%	0.02%	-0.09%	-0.12%
EBITDA Growth %	-	0.25%	-0.67%	1.41%	-2.74%	2.14%	-0.52%	-4.36%	0.16%
D&A (Non-Cash Add-back)	4.83M	6.1M	8.06M	11.52M	11.67M	13.05M	4.52M	5.12M	5.7M
EBIT	8.23M	10.59M	1.04M	2.02M	-40.78M	-16.72M	11.78M	-41.5M	-25.37M
Net Interest Income+	0	0	0	0	348.6K	-173K	-1.83M	-4.66M	-7.71M
Interest Income	107K	563K	2.15M	858K	348K	0	0	0	2.66M
Interest Expense	0	0	0	0	0	173K	1.83M	4.66M	10.37M
Other Income/Expense	680K	1.26M	4.06M	1.43M	-8M	-2.42M	2.94M	-2.41M	2.29M
Pretax Income+	8.23M	10.59M	1.04M	2.02M	-40.78M	8.64M	9.95M	-46.16M	-35.74M
Pretax Margin %	0.08%	0.08%	0.01%	0.01%	-0.37%	0.17%	0.02%	-0.11%	-0.13%
Income Tax+	2.15M	3.81M	2.46M	3.54M	215K	1.79M	-25.27M	-9.16M	68.73M
Effective Tax Rate %	0.79%	0.67%	-1.73%	-1.21%	0.91%	-0.13%	2.27%	0.82%	2.68%
Net Income+	6.5M	7.12M	-1.79M	-2.43M	-37.28M	-1.1M	22.59M	-37.83M	-95.75M
Net Margin %	0.06%	0.05%	-0.01%	-0.01%	-0.34%	-0.02%	0.04%	-0.09%	-0.36%
Net Income Growth %	-	0.09%	-1.25%	-0.36%	-14.32%	0.97%	21.49%	-2.68%	-1.53%
Net Income (Continuing)	6.08M	6.78M	-1.42M	-1.53M	-41M	6.86M	35.22M	-37.01M	-104.48M
Discontinued Operations	0	0	0	0	0	-7.96M	-12.64M	-823K	8.72M
Minority Interest	453K	1.55M	6.24M	18.2M	15.52M	11.43M	0	1.89M	0
EPS (Diluted)+	28.10	26.80	-6.10	-0.87	-13.30	-0.24	5.00	-8.80	-21.00
EPS Growth %	-	-0.05%	-1.23%	0.86%	-14.29%	0.98%	21.83%	-2.76%	-1.39%
EPS (Basic)	28.10	28.80	-6.10	-0.87	-13.30	-0.24	5.00	-8.80	-21.00
Diluted Shares Outstanding	231.64K	265.67K	292.14K	2.81M	2.81M	4.55M	4.55M	4.28M	4.56M
Basic Shares Outstanding	231.64K	247.35K	292.14K	2.81M	2.81M	4.55M	4.55M	4.28M	4.56M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	63.98M	172.81M	121.6M	91.57M	70.11M	82.25M	227.89M	226.17M	147.62M
Cash & Short-Term Investments	46.69M	158.69M	104.08M	69.73M	53.45M	33.32M	29.31M	91.78M	75.32M
Cash Only	46.26M	158.69M	104.08M	68.73M	53.45M	33.32M	29.31M	91.78M	75.32M
Short-Term Investments	432K	0	0	1M	0	0	0	0	0
Accounts Receivable	5.48M	2.53M	2.83M	7.97M	1.95M	1.28M	74.92M	63.87M	36.65M
Days Sales Outstanding	18.44	6.56	6.61	15.96	6.49	9	46.77	56.37	50.03
Inventory	3.53M	4.04M	5.68M	7.44M	5.77M	6.13M	111.23M	53.1M	28.64M
Days Inventory Outstanding	14.07	13.24	15.83	17.46	18.02	7.24	92.11	62.43	51.97
Other Current Assets	5.53M	3.69M	1.78M	2.42M	8.93M	41.52M	2.93M	11.4M	3.62M
Total Non-Current Assets+	40.43M	56.93M	121.86M	244.52M	232.39M	200.82M	140.89M	178.22M	105M
Property, Plant & Equipment	29.41M	40.16M	45.9M	133.54M	137.05M	31.86M	6.11M	19.37M	18.04M
Fixed Asset Turnover	3.69x	3.51x	3.41x	1.36x	0.80x	1.63x	95.72x	21.35x	14.82x
Goodwill	401K	428K	25.1M	52.69M	46.15M	19.18M	42.05M	46.92M	44.13M
Intangible Assets	0	0	0	0	0	0	48M	51.45M	39.52M
Long-Term Investments	3.66M	3.91M	6.13M	5.95M	7.36M	169K	0	0	0
Other Non-Current Assets	0	0	28.54M	34.18M	20.66M	141.96M	107K	4.09M	3.27M
Total Assets+	104.41M	229.74M	243.46M	336.09M	302.49M	283.08M	368.78M	404.39M	252.62M
Asset Turnover	1.04x	0.61x	0.64x	0.54x	0.36x	0.18x	1.59x	1.02x	1.06x
Asset Growth %	-	1.2%	0.06%	0.38%	-0.1%	-0.06%	0.3%	0.1%	-0.38%
Total Current Liabilities+	80.29M	97.02M	108.34M	125.91M	128.36M	122.36M	206.65M	178.56M	130.07M
Accounts Payable	0	0	0	14.93M	18.59M	1.47M	85.45M	59.14M	40.48M
Days Payables Outstanding	-	-	-	35.03	58.05	1.73	70.76	69.54	73.47
Short-Term Debt	0	0	0	16.49M	16.86M	5.62M	48.03M	31.94M	10.93M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	16.37M	25.84M	33.47M	26.87M	24.54M	97.64M	32.67M	42.77M	7.22M
Current Ratio	0.80x	1.78x	1.12x	0.73x	0.55x	0.67x	1.10x	1.27x	1.13x
Quick Ratio	0.75x	1.74x	1.07x	0.67x	0.50x	0.62x	0.56x	0.97x	0.91x
Cash Conversion Cycle	-	-	-	-1.61	-33.53	14.51	68.12	49.26	28.53
Total Non-Current Liabilities+	20.16M	27.42M	20.15M	93.47M	96.47M	81.56M	25.12M	100.27M	94.18M
Long-Term Debt	0	0	0	71.01M	76.31M	65.69M	4.72M	69.53M	60.16M
Capital Lease Obligations	0	0	0	71.01M	76.31M	65.69M	1.63M	3.41M	2.76M
Deferred Tax Liabilities	0	0	1.11M	3.38M	1.89M	1.75M	959K	1.32M	9.76M
Other Non-Current Liabilities	6.01M	8.48M	8.54M	-59.98M	-63.79M	40.47M	117K	4.25M	2.92M
Total Liabilities	100.45M	124.44M	128.49M	219.38M	224.82M	203.92M	231.77M	278.83M	224.25M
Total Debt+	0	0	0	87.5M	93.17M	24.33M	56.17M	109.3M	74.9M
Net Debt	-46.26M	-158.69M	-104.08M	18.77M	39.72M	-9M	26.86M	17.51M	-414K
Debt / Equity	-	-	-	0.75x	1.20x	0.31x	0.41x	0.87x	2.64x
Debt / EBITDA	-	-	-	7.23x	-	1.01x	4.88x	-	-
Net Debt / EBITDA	-3.74x	-10.28x	-20.68x	1.55x	-	-0.37x	2.33x	-	-
Interest Coverage	-	-	-	-	-	63.97x	3.81x	-9.39x	-3.67x
Total Equity+	3.96M	105.29M	114.97M	116.72M	77.67M	79.16M	137.01M	125.56M	28.36M
Equity Growth %	-	25.58%	0.09%	0.02%	-0.33%	0.02%	0.73%	-0.08%	-0.77%
Book Value per Share	17.10	396.34	393.54	41.57	27.62	17.40	30.12	29.34	6.21
Total Shareholders' Equity	3.51M	103.75M	108.73M	98.52M	62.15M	67.73M	137.01M	123.67M	28.36M
Common Stock	23K	29K	29K	29K	29K	29K	426K	456K	456K
Retained Earnings	-35.47M	-28.88M	-30.42M	-33.55M	-71.84M	-65.56M	-316.03M	-353.89M	-454.57M
Treasury Stock	0	0	0	-12M	-10.32M	-8.67M	0	0	-342K
Accumulated OCI	2.54M	3.46M	3.24M	4.2M	3.18M	5.42M	4.55M	3.51M	3.34M
Minority Interest	453K	1.55M	6.24M	18.2M	15.52M	11.43M	0	1.89M	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	35.05M	25.1M	828K	12.98M	-6.53M	-21.9M	-5.27M	-2.36M	786K
Operating CF Margin %	0.32%	0.18%	0.01%	0.07%	-0.06%	-0.42%	-0.01%	-0.01%	0%
Operating CF Growth %	-	-0.28%	-0.97%	14.68%	-1.5%	-2.36%	0.76%	0.55%	1.33%
Net Income	6.5M	7.12M	-1.79M	-2.43M	-37.28M	-16.49M	22.59M	-37.04M	-104.48M
Depreciation & Amortization	4.83M	6.1M	8.06M	11.52M	11.67M	13.07M	4.52M	5.12M	5.7M
Stock-Based Compensation	0	0	0	0	0	0	0	0	3.7M
Deferred Taxes	-1.69M	-4.83M	-4.58M	-2.69M	-3.22M	-1.29M	-25.27M	-10.31M	67.67M
Other Non-Cash Items	10.92M	16.26M	23.8M	4.96M	32.35M	-586.74K	974K	8.3M	-4.24M
Working Capital Changes	25.78M	12.88M	-6.76M	1.63M	-10.04M	-16.6M	-8.08M	31.57M	32.44M
Change in Receivables	-176K	68K	-271K	-1.72M	631K	-46.25M	25.35M	1.36M	33.9M
Change in Inventory	-1.45M	-290K	-1.51M	-1.99M	1.66M	-57.39M	-20.24M	54.73M	25.25M
Change in Payables	0	0	0	0	0	54.79M	-1.82M	-23.2M	-17.68M
Cash from Investing+	-10.7M	-7.32M	-51.11M	-33.96M	-1.82M	-1.19M	-15.78M	19.33M	4.31M
Capital Expenditures	-11.3M	-11.92M	-11.48M	-12.49M	-3.98M	-1.19M	-1.86M	-4.82M	-1.28M
CapEx % of Revenue	0.1%	0.08%	0.07%	0.07%	0.04%	0.02%	0%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	2.81M	0	0	-383K	204K	-7.92M	8.02M	-14.41M
Cash from Financing+	0	91.16M	-1.38M	-13.87M	-204K	25.46M	11.35M	44.44M	-22.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	-990K	0	-1.81M	-123.86K	0	0	-2.17M	-1.1M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	23.75M	13.18M	-10.65M	490K	-10.5M	-23.1M	-7.13M	-7.05M	-8.96M
FCF Margin %	0.22%	0.09%	-0.07%	0%	-0.1%	-0.44%	-0.01%	-0.02%	-0.03%
FCF Growth %	-	-0.44%	-1.81%	1.05%	-22.43%	-1.2%	0.69%	0.01%	-0.27%
FCF per Share	102.52	49.62	-36.46	0.17	-3.73	-5.08	-1.57	-1.65	-1.96
FCF Conversion (FCF/Net Income)	5.39x	3.53x	-0.46x	-5.33x	0.18x	19.88x	-0.23x	0.06x	-0.01x
Interest Paid	0	0	0	0	0	0	0	5.22M	5.39M
Taxes Paid	0	0	0	0	0	6.42M	969K	914K	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	164.23%	13.02%	-1.62%	-2.1%	-38.36%	-1.41%	20.9%	-28.82%	-124.42%
Return on Invested Capital (ROIC)	-	-	-20.86%	0.6%	-19.45%	8.85%	4.48%	-21.38%	-33.36%
Gross Margin	15.57%	20.97%	16.38%	14.67%	-6.55%	267.38%	24.47%	24.94%	24.77%
Net Margin	5.99%	5.05%	-1.14%	-1.34%	-33.98%	-2.12%	3.86%	-9.15%	-35.81%
Debt / Equity	-	-	-	0.75x	1.20x	0.31x	0.41x	0.87x	2.64x
Interest Coverage	-	-	-	-	-	63.97x	3.81x	-9.39x	-3.67x
FCF Conversion	5.39x	3.53x	-0.46x	-5.33x	0.18x	19.88x	-0.23x	0.06x	-0.01x
Revenue Growth	-	29.76%	11.15%	16.48%	-39.81%	-52.63%	1024.96%	-29.27%	-35.35%

Revenue by Segment

	2024
Hardware And Accessories	245.59M
Hardware And Accessories Growth	-
Service	7.39M
Service Growth	-
SaaS	4.77M
SaaS Growth	-

Revenue by Geography

	2024
UNITED STATES	179.81M
UNITED STATES Growth	-
Non-US	87.57M
Non-US Growth	-
GERMANY	35.14M
GERMANY Growth	-

Frequently Asked Questions

Growth & Financials

Mynd.ai, Inc. (MYND) reported $267.4M in revenue for fiscal year 2024. This represents a 146% increase from $108.5M in 2016.

Mynd.ai, Inc. (MYND) saw revenue decline by 35.3% over the past year.

Mynd.ai, Inc. (MYND) reported a net loss of $95.8M for fiscal year 2024.

Dividend & Returns

Mynd.ai, Inc. (MYND) has a return on equity (ROE) of -124.4%. Negative ROE indicates the company is unprofitable.

Mynd.ai, Inc. (MYND) had negative free cash flow of $9.0M in fiscal year 2024, likely due to heavy capital investments.