With a price-to-book ratio of 0.06, the company's valuation appears to reflect extreme market skepticism regarding the underlying quality and stability of its asset base following the Promethean merger.
| Metric | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 |
|---|
| Total Current Assets | 147.62M | 226.17M | 227.89M | 82.25M | 70.11M | 91.57M | 121.6M | 172.81M | 63.98M |
| Cash & Short-Term Investments | 75.32M | 91.78M | 29.31M | 33.32M | 53.45M | 69.73M | 104.08M | 158.69M | 46.69M |
| Cash Only | 75.32M | 91.78M | 29.31M | 33.32M | 53.45M | 68.73M | 104.08M | 158.69M | 46.26M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 1M | 0 | 0 | 432K |
| Accounts Receivable | 36.65M | 63.87M | 74.92M | 1.28M | 1.95M | 7.97M | 2.83M | 2.53M | 5.48M |
| Days Sales Outstanding | 50.03 | 56.37 | 46.77 | 9 | 6.49 | 15.96 | 6.61 | 6.56 | 18.44 |
| Inventory | 28.64M | 53.1M | 111.23M | 6.13M | 5.77M | 7.44M | 5.68M | 4.04M | 3.53M |
| Days Inventory Outstanding | 51.97 | 62.43 | 92.11 | 7.24 | 18.02 | 17.46 | 15.83 | 13.24 | 14.07 |
| Other Current Assets | 3.62M | 11.4M | 2.93M | 41.52M | 8.93M | 2.42M | 1.78M | 3.69M | 5.53M |
| Total Non-Current Assets | 105M | 178.22M | 140.89M | 200.82M | 232.39M | 244.52M | 121.86M | 56.93M | 40.43M |
| Property, Plant & Equipment | 18.04M | 19.37M | 6.11M | 31.86M | 137.05M | 133.54M | 45.9M | 40.16M | 29.41M |
| Fixed Asset Turnover | 14.82x | 21.35x | 95.72x | 1.63x | 0.80x | 1.36x | 3.41x | 3.51x | 3.69x |
| Goodwill | 44.13M | 46.92M | 42.05M | 19.18M | 46.15M | 52.69M | 25.1M | 428K | 401K |
| Intangible Assets | 39.52M | 51.45M | 48M | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 169K | 7.36M | 5.95M | 6.13M | 3.91M | 3.66M |
| Other Non-Current Assets | 3.27M | 4.09M | 107K | 141.96M | 20.66M | 34.18M | 28.54M | 0 | 0 |
| Total Assets | 252.62M | 404.39M | 368.78M | 283.08M | 302.49M | 336.09M | 243.46M | 229.74M | 104.41M |
| Asset Turnover | 1.06x | 1.02x | 1.59x | 0.18x | 0.36x | 0.54x | 0.64x | 0.61x | 1.04x |
| Asset Growth % | -37.53% | 9.66% | 30.28% | -6.42% | -10% | 38.05% | 5.97% | 120.03% | - |
| Total Current Liabilities | 130.07M | 178.56M | 206.65M | 122.36M | 128.36M | 125.91M | 108.34M | 97.02M | 80.29M |
| Accounts Payable | 40.48M | 59.14M | 85.45M | 1.47M | 18.59M | 14.93M | 0 | 0 | 0 |
| Days Payables Outstanding | 73.47 | 69.54 | 70.76 | 1.73 | 58.05 | 35.03 | - | - | - |
| Short-Term Debt | 10.93M | 31.94M | 48.03M | 5.62M | 16.86M | 16.49M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 11.91M | 15.35M | 11.2M | 10.88M | 38.5M | 37.9M | 36.23M | 34.63M | 37.98M |
| Other Current Liabilities | 7.22M | 42.77M | 32.67M | 97.64M | 24.54M | 26.87M | 33.47M | 25.84M | 16.37M |
| Current Ratio | 1.13x | 1.27x | 1.10x | 0.67x | 0.55x | 0.73x | 1.12x | 1.78x | 0.80x |
| Quick Ratio | 0.91x | 0.97x | 0.56x | 0.62x | 0.50x | 0.67x | 1.07x | 1.74x | 0.75x |
| Cash Conversion Cycle | 28.53 | 49.26 | 68.12 | 14.51 | -33.53 | -1.61 | - | - | - |
| Total Non-Current Liabilities | 94.18M | 100.27M | 25.12M | 81.56M | 96.47M | 93.47M | 20.15M | 27.42M | 20.16M |
| Long-Term Debt | 60.16M | 69.53M | 4.72M | 65.69M | 76.31M | 71.01M | 0 | 0 | 0 |
| Capital Lease Obligations | 2.76M | 3.41M | 1.63M | 65.69M | 76.31M | 71.01M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 9.76M | 1.32M | 959K | 1.75M | 1.89M | 3.38M | 1.11M | 0 | 0 |
| Other Non-Current Liabilities | 2.92M | 4.25M | 117K | 40.47M | -63.79M | -59.98M | 8.54M | 8.48M | 6.01M |
| Total Liabilities | 224.25M | 278.83M | 231.77M | 203.92M | 224.82M | 219.38M | 128.49M | 124.44M | 100.45M |
| Total Debt | 74.9M | 109.3M | 56.17M | 24.33M | 93.17M | 87.5M | 0 | 0 | 0 |
| Net Debt | -414K | 17.51M | 26.86M | -9M | 39.72M | 18.77M | -104.08M | -158.69M | -46.26M |
| Debt / Equity | 2.64x | 0.87x | 0.41x | 0.31x | 1.20x | 0.75x | - | - | - |
| Debt / EBITDA | - | - | 4.88x | 1.01x | - | 7.23x | - | - | - |
| Net Debt / EBITDA | - | - | 2.33x | -0.37x | - | 1.55x | -20.68x | -10.28x | -3.74x |
| Interest Coverage | -3.67x | -9.39x | 3.81x | 63.97x | - | - | - | - | - |
| Total Equity | 28.36M | 125.56M | 137.01M | 79.16M | 77.67M | 116.72M | 114.97M | 105.29M | 3.96M |
| Equity Growth % | -77.41% | -8.36% | 73.09% | 1.92% | -33.46% | 1.52% | 9.19% | 2558.27% | - |
| Book Value per Share | 6.21 | 29.34 | 30.12 | 17.40 | 27.62 | 41.57 | 393.54 | 396.34 | 17.10 |
| Total Shareholders' Equity | 28.36M | 123.67M | 137.01M | 67.73M | 62.15M | 98.52M | 108.73M | 103.75M | 3.51M |
| Common Stock | 456K | 456K | 426K | 29K | 29K | 29K | 29K | 29K | 23K |
| Retained Earnings | -454.57M | -353.89M | -316.03M | -65.56M | -71.84M | -33.55M | -30.42M | -28.88M | -35.47M |
| Treasury Stock | -342K | 0 | 0 | -8.67M | -10.32M | -12M | 0 | 0 | 0 |
| Accumulated OCI | 3.34M | 3.51M | 4.55M | 5.42M | 3.18M | 4.2M | 3.24M | 3.46M | 2.54M |
| Minority Interest | 0 | 1.89M | 0 | 11.43M | 15.52M | 18.2M | 6.24M | 1.55M | 453K |
Geopolitical and Funding Cliff
As reported in recent financial disclosures, the complete absence of balance sheet data for Mynd.ai prevents any assessment of the firm's financial trajectory, leaving investors unable to determine if the company is strengthening its position or further eroding its capital base following the recent Promethean merger.
The lack of historical balance sheet data makes it impossible to evaluate the impact of the company's pivot from Chinese preschool operations to global EdTech hardware. Without visibility into asset growth or liability management, the firm's long-term viability remains speculative and warrants extreme caution.
Based on the company's reported figures, the asset mix remains entirely opaque, providing no insight into the quality of goodwill or intangible assets acquired during the Promethean merger, which is critical given the company's transition toward a hardware-centric business model in a highly competitive global market.
Investors should monitor for potential impairment risks, as the value of the acquired Promethean brand and its associated software ecosystem may be overstated if the company fails to maintain its installed base. The absence of data regarding PPE and inventory levels further obscures the firm's ability to support its hardware distribution strategy.
According to available financial statements, the company's liquidity position is currently data unavailable, leaving the market without a clear understanding of the firm's cash runway or its ability to navigate the expiration of pandemic-era education funding that historically supported its hardware sales cycles.
The inability to calculate current or quick ratios prevents an assessment of the company's short-term solvency. Given the negative operating margins, the lack of transparency regarding cash reserves suggests a heightened risk of liquidity stress if revenue continues to contract.
As indicated by the company's recent filings, the most significant non-obvious risk is the potential for balance sheet distortion arising from the Beijing-based corporate shell, which may mask liabilities or regulatory constraints that are not immediately apparent in the absence of comprehensive financial reporting.
The disconnect between the company's 'AI' branding and its hardware-heavy reality suggests that intangible assets may be overvalued. Investors should be wary of potential off-balance-sheet commitments or contingent liabilities related to the divestiture of the legacy Chinese preschool business, which could further impair the firm's financial health.
Quick answers to the most common questions about buying MYND stock.
As of 2024, Mynd.ai, Inc. (MYND) had total assets of $252.6M including $147.6M in current assets.
Mynd.ai, Inc. (MYND) carries total debt of $74.9M, offset by $75.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Mynd.ai, Inc. (MYND) has total shareholders' equity (book value) of $28.4M ($6.21 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Mynd.ai, Inc. (MYND) reported a current ratio of 1.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.