Friday 6 November 2026
Export MYND’s income statement to Excel — free account
Mynd.ai, Inc. Unsponsored ADR
MYND Consumer Defensive Education & Training Services
Mynd.ai, Inc. Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $167.9 million, down 37.2% from fiscal 2024.
0.26
0.01
−3.70%
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Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 109 | 141 | 156 | 182 | 110 | 180 | 585 | 412 | 267 | 168 | 180 | +5.0% | — | — | — | — | |
| Gross margin, % | 15.57 | 20.97 | 16.38 | 14.67 | (6.55) | 1.39 | 24.61 | 24.40 | 24.77 | 21.01 | 1.39 | +5.4 pt | ||||||
| EBT | 8 | 11 | 1 | 2 | (41) | (17) | 10 | (48) | (36) | (54) | (17) | n/m | ||||||
| EBT margin, % | 7.59 | 7.52 | 0.66 | 1.11 | (37.17) | (9.27) | 1.70 | (11.77) | (13.37) | (32.43) | (9.27) | (40.0) pt | ||||||
| Net income | 6 | 7 | (2) | (2) | (41) | 4 | 23 | (39) | (96) | (54) | (97) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 4.68 | 5.69 | 5.36 | 6.49 | 3.90 | 6.39 | 1.37 | 0.96 | 0.59 | 0.37 | 6.44 | (24.6%) | |||||
| Earnings | 0.25 | 0.29 | (0.06) | (0.09) | (1.32) | 0.24 | 0.05 | (0.09) | (0.21) | (0.12) | 0.25 | n/m | ||||||
| Cash flow | 1.51 | 1.01 | 0.03 | 0.46 | (0.23) | 0.68 | (0.01) | (0.01) | 0.00 | (0.10) | 0.00 | n/m | ||||||
| Capex | (0.48) | (0.47) | (0.37) | (0.42) | (0.12) | (0.25) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (57.9%) | ||||||
| Free cash flow | 1.03 | 0.54 | (0.34) | 0.04 | (0.35) | 0.43 | (0.01) | (0.01) | 0.00 | (0.10) | 0.00 | n/m | ||||||
| Book value | 0.17 | 4.26 | 3.88 | 3.84 | 2.41 | 2.63 | 0.32 | 0.28 | 0.06 | (0.04) | 0.00 | n/m | ||||||
| Shares, m | 23 | 25 | 29 | 28 | 28 | 28 | 426 | 428 | 456 | 457 | 28 | +39.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 103.60 | 579.02 | 0.00 | 0.00 | 0.00 | 80.42 | 25.59 | 21.20 | 8.12 | 1.79 | 1.06 | 82.0 | |||||
| P/S | 0.00 | 29.86 | 10.90 | 8.39 | 6.08 | 3.08 | 0.98 | 0.81 | 0.31 | 0.07 | 0.04 | 6.0 | ||||||
| P/B | 732.54 | 39.94 | 15.05 | 14.18 | 9.85 | 7.47 | 1.91 | 6.94 | 0.71 | 2.12 | 0.00 | 83.1 | ||||||
| EV/Sales | 0.00 | 28.74 | 10.24 | 8.41 | 6.28 | 3.25 | 1.14 | 1.07 | 0.36 | 0.28 | 0.40 | 6.0 | ||||||
| EV/FCF | 154.38 | 78.11 | 88.84 | 79.90 | (130.39) | (91.18) | (31.92) | (29.85) | 2.62 | (1.26) | (1.16) | 11.9 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 35 | 25 | 1 | 13 | (7) | 19 | (5) | (2) | 1 | (46) | (54) | n/m | |||||
| Capex | (11) | (12) | (11) | (12) | (3) | (7) | (1) | 0 | (1) | 0 | (8) | (41.2%) | ||||||
| Free cash flow | 24 | 13 | (10) | 1 | (10) | 12 | (6) | (3) | 0 | (46) | (63) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (16) | 76 | 13 | (34) | (58) | (40) | 21 | 41 | 18 | (26) | (40) | +5.4% | |||||
| Net debt | (46) | (159) | (104) | 2 | 23 | (9) | 19 | 14 | (1) | 45 | 57 | n/m | ||||||
| Shareholders’ equity | 4 | 105 | 113 | 108 | 68 | 74 | 137 | 121 | 28 | (18) | (37) | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 7.30 | 4.26 | (0.76) | (0.84) | (11.68) | 2.32 | 6.93 | (10.16) | (29.02) | (24.85) | 0.00 | (32.1) pt | |||||
| ROIC | 0.00 | 0.00 | (20.44) | 0.09 | (29.95) | (16.70) | 2.51 | (21.43) | (87.85) | (111.83) | 0.00 | (111.8) pt | ||||||
| ROE | 1,237.87 | 13.02 | (1.64) | (2.20) | (42.46) | 9.57 | 21.38 | (30.61) | (128.52) | (995.51) | 0.00 | (2,233.4) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 4,434 | 4,994 | 5,785 | 6,547 | 6,338 | 6,341 | 1,143 | 1,365 | 505 | 371 | — | (24.1%) | |||||
| Revenue/emp, $m | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.51 | 0.30 | 0.53 | 0.45 | — | +38.3% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Dec 2021 · fundamentals updated 26 Oct 2026
Mynd.ai, Inc. Unsponsored ADR vs peers in Education & Training Services (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 |
|---|---|---|---|---|---|---|---|---|---|
| RYET Ruanyun Edai Technology Inc | $22.4M | — | — | — | — | −405.57% (below 0%: shrinking) | — | — | Compare |
| GNS Genius Group Limited | $19.7M | — (loss-making) | — (loss-making) | +83.55% (above 0%: growing) | n/m | −9,487.34% (below 0%: shrinking) | 44.79% | 0.00% | Compare |
| FEDU Four Seasons Education (Cayman) Inc. Unsponsored ADR | $19.2M | — (loss-making) | — (loss-making) | −68.29% (below 0%: shrinking) | n/m | −81.34% (below 0%: shrinking) | 43.16% | 0.00% | Compare |
| YQ 17 Education & Technology Group Inc. Sponsored ADR | $18.7M | — (loss-making) | — (loss-making) | +274.34% (above 0%: growing) | n/m | +124.09% (above 0%: growing) | 69.17% | (0.70%) | Compare |
| EDTK Skillful Craftsman Education Technology Limited | $14.2M | — (loss-making) | — (loss-making) | −87.40% (below 0%: shrinking) | 0.00% | +51.19% (above 0%: growing) | 36.78% | 0.00% | Compare |
| MYND Mynd.ai, Inc. Unsponsored ADR | $12.0M | 1.1× | — (loss-making) | +0.75% (above 0%: growing) | −49.64% (below 0%: shrinking) | −674.71% (below 0%: shrinking) | (39.02%) | (44.55%) | |
| YOUL Youlife Group Inc. | $10.6M | 1.1× | 3.0× | — | n/m | +1,055.84% (above 0%: growing) | — | — | Compare |
| STG Sunlands Technology Group Sponsored ADR | $10.0M | 0.6× | 7.6× | −20.40% (below 0%: shrinking) | −29.01% (below 0%: shrinking) | +135.42% (above 0%: growing) | 85.92% | 20.54% | Compare |
| EEIQ EpicQuest Education Group International Limited | $6.8M | — (loss-making) | — (loss-making) | +10.29% (above 0%: growing) | −700.00% (below 0%: shrinking) | +55.89% (above 0%: growing) | 72.71% | 0.00% | Compare |
| Median of peers | $16.5M | — | — | −5.05% | −29.01% | +53.54% | 56.98% | 0.00% |