Saturday 17 October 2026 Export MNDO’s income statement to Excel — free account

MIND C.T.I. Ltd.

MIND C.T.I. Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $19.5 million, down 9.27% from fiscal 2024. In the quarter to June 2026, revenue fell 2.97%, EPS grew 100.0% and free cash flow fell 86.6%, each against the same quarter a year earlier.

0.93 0.01 +1.09%

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Market cap: $18.7M
P/E: 5.8×
Fwd P/E: 10.7×
Dividend yield: 0.00%
F-score: 5/9
Altman Z: 3.17
Beneish M: −3.11
Dividend safety: 27/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 21.18%

Capital & Financial Ratios $m

Market Cap 18.74

Revenue 19.41

Net Income 3.27

Free Cash Flow 3.09

Net Debt (13.46)

Current Ratio 4.66

Debt/Equity 0.00

P/E ratio 5.81

Fwd P/E 10.70

P/S ratio 0.97

P/B ratio 0.78

Past 5Y EPS Growth (13.60%)

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 12.52%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 0.15%

10-year low 10-year high

P/S against its own 10 years 0.48%

10-year low 10-year high

P/B against its own 10 years 0.26%

10-year low 10-year high

EV/Sales against its own 10 years 0.66%

10-year low 10-year high

EV/FCF against its own 10 years 1.44%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2025	0.22	0.22
2024	0.24	0.24
2023	0.24	0.24
2022	0.26	0.26
2021	0.26	0.26
2020	0.24	0.24
2019	0.26	0.26
2018	0.30	0.30
2017	0.32	0.32
2016	0.27	0.27

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	17	16	14	13
Receivables	2	2	2	2
Inventory	—	—	—	—
Other	1	0	0	1
	20	19	16	17

	2023	2024	2025	Q'26
Payables	1	1	1	0
ST’ Debt	—	—	—	—
Other	2	1	1	1
	4	3	4	4

Compound Annual Growth %

	10y	5y	3y
Sales	(0.73%)	(3.60%)	(3.35%)
Cash Flow	(4.47%)	(9.31%)	(4.37%)
Earnings	(6.35%)	(13.52%)	(21.03%)
Book Value	0.54%	(0.06%)	(1.07%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5	5	—	—	—
’25	5	5	5	5	19
’24	6	5	5	5	21
’23	5	5	5	6	22
’22	6	5	5	5	22
’21	6	7	7	6	26
’20	6	6	6	6	23

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	0	—	—	—
’25	1	1	1	1	4
’24	1	2	1	0	4
’23	1	2	1	1	4
’22	0	2	1	1	5
’21	1	3	1	2	7
’20	1	1	2	2	6

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	0	—	—	—
’25	1	1	1	1	4
’24	1	2	1	0	4
’23	1	2	1	1	4
’22	0	2	1	1	4
’21	1	3	1	2	7
’20	1	1	2	2	6

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.04	0.04	—	—	—
’25	0.02	0.02	0.03	0.05	0.13
’24	0.07	0.05	0.04	0.06	0.22
’23	0.07	0.06	0.06	0.06	0.25
’22	0.07	0.06	0.06	0.06	0.26
’21	0.07	0.07	0.07	0.08	0.30
’20	0.06	0.07	0.07	0.07	0.27

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	1.96	2.27	2.08	2.09	1.45	2.45	2.03	1.82	1.70	0.98	Analyst estimates 2026–2028 Powerpack
	High	2.69	2.94	2.87	2.60	2.64	3.80	3.28	2.50	2.28	2.13
People
People	Employees	262	240	221	240	188	103	153	144	136	139
	Revenue/emp, $m	0.07	0.08	0.08	0.09	0.12	0.26	0.14	0.15	0.16	0.14
Income, $m
Income, $m	Revenue	18	18	18	23	23	26	22	22	21	19
	Gross margin, %	62.16	61.06	66.11	55.32	52.28	52.72	53.39	50.28	50.07	50.99
	EBT	5	6	6	6	6	7	6	6	5	3
	EBT margin, %	29.76	34.38	30.73	24.37	24.99	26.14	26.06	25.57	23.15	14.22
	Net income	4	6	5	5	5	6	5	5	5	3
	Depreciation	0	0	0	0	0	0	0	0	0	0
Per share, $
Per share, $	Revenue	0.94	0.94	0.94	1.15	1.17	1.32	1.07	1.07	1.06	0.95
	Earnings	0.22	0.29	0.27	0.26	0.27	0.30	0.26	0.26	0.23	0.13
	Cash flow	0.27	0.14	0.23	0.34	0.33	0.34	0.23	0.20	0.20	0.19
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	(0.01)	0.00	0.00	0.00
	Free cash flow	0.27	0.14	0.23	0.34	0.32	0.34	0.22	0.20	0.20	0.19
	Book value	1.11	1.09	1.08	1.11	1.16	1.19	1.18	1.21	1.20	1.13
	Shares, m	19	19	19	20	20	20	20	20	20	20
Valuation, ×
Valuation, ×	P/E	11.27	9.48	8.77	9.27	9.59	10.37	8.44	7.88	8.25	9.58
	P/S	2.64	2.94	2.43	2.10	2.21	2.36	1.97	1.84	1.87	1.21
	P/B	2.24	2.52	2.10	2.17	2.23	2.62	1.78	1.62	1.65	1.02
	EV/Sales	1.59	2.00	1.56	1.43	1.48	1.66	1.16	1.07	1.14	0.51
	EV/FCF	5.55	13.48	6.40	4.89	5.37	6.42	5.63	5.73	5.97	2.52
Cash, $m
Cash, $m	Operating cash flow	5	3	4	7	6	7	5	4	4	4
	Capex	0	0	0	0	0	0	0	0	0	0
	Free cash flow	5	3	4	7	6	7	4	4	4	4
Balance, $m
Balance, $m	Working capital	15	15	15	13	14	15	15	15	16	12
	Total debt	—	—	—	1	2	1	1	—	—	—
	Net debt	(19)	(17)	(16)	(15)	(17)	(18)	(17)	(17)	(16)	(14)
	Shareholders’ equity	21	21	21	22	23	24	24	24	24	23
Returns, %
Returns, %	ROA	14.19	19.91	19.24	17.75	16.95	18.15	16.30	16.31	14.86	8.56
	ROIC	141.28	72.71	64.59	46.69	55.95	81.05	54.56	37.65	32.02	13.73
	ROE	19.49	26.53	24.45	23.60	23.90	25.39	22.25	21.40	18.98	11.00

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PDC Earlyworks Co., Ltd. Unsponsored ADR	$21.5M	—	—	—	—	−17.83% (below 0%: shrinking)	28.48%	0.00%	Compare
FTFT Future FinTech Group Inc.	$21.3M	2.4×	— (loss-making)	−43.92% (below 0%: shrinking)	n/m	−253.72% (below 0%: shrinking)	58.13%	(570.43%)	Compare
AWRE Aware, Inc.	$19.2M	— (loss-making)	— (loss-making)	−16.46% (below 0%: shrinking)	n/m	−140.14% (below 0%: shrinking)	84.02%	(84.17%)	Compare
MNDO MIND C.T.I. Ltd.	$18.7M	5.8×	10.7×	−2.97% (below 0%: shrinking)	+100.00% (above 0%: growing)	−86.57% (below 0%: shrinking)	55.39%	14.96%
YMT Yimutian Inc. - Sponsored ADR	$17.9M	—	—	—	—	—	—	—	Compare
AIFF Firefly Neuroscience, Inc.	$17.3M	— (loss-making)	—	+71.91% (above 0%: growing)	n/m	+25.40% (above 0%: growing)	49.22%	(384.05%)	Compare
YAAS Youxin Technology Ltd	$16.2M	—	—	—	—	−95.02% (below 0%: shrinking)	—	—	Compare
IDAI T Stamp Inc.	$15.9M	— (loss-making)	— (loss-making)	+10.73% (above 0%: growing)	n/m	−205.91% (below 0%: shrinking)	53.49%	(266.39%)	Compare
IPM Intelligent Protection Management Corp.	$15.5M	— (loss-making)	— (loss-making)	+12.93% (above 0%: growing)	n/m	+42.70% (above 0%: growing)	41.33%	(23.40%)	Compare
Median of peers	$17.6M	—	—	+10.73%	—	−95.02%	51.36%	(175.28%)

All 237 Software Application stocks →

MIND C.T.I. Ltd. (MNDO) key facts

Concern: MIND C.T.I. Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $19.5 million, down 9.27% from fiscal 2024.
Concern: Net income was $2.6 million, or $0.13 per share (basic), a net margin of 13.4%.
MIND C.T.I. Ltd. (MNDO) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, MNDO traded at $0.93, a market capitalization of $18.7 million.
At that price the stock trades at 5.8× trailing-twelve-month earnings and 1.0× sales; its P/E is higher than 0% of its own readings over the past ten years.
Return on equity was 11.0% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.17 (safe zone) for fiscal 2025.