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MIND C.T.I. Ltd.

MNDO Technology Software Application

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%
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 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
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%) (below 0%: weak)
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth 12.52% (at or above 10%: strong)
Next 5Y EPS Growth —

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.3×, against a ten-year median of 1.3×; over the ten years it ranged from 0.3× in 2026 to 2.0× in 2018.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

MIND C.T.I. Ltd. vs peers in Software Application (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

MIND C.T.I. Ltd. (MNDO) Latest News

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stockrow.com/MNDO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com