MindWalk Holdings Income Statement

Financials in millions CAD. Fiscal year is May - April.

Millions CAD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Revenue	28.08	24.52	24.52	20.67	19.36	17.91
Revenue Growth (YoY)	95.87%	0.01%	18.64%	6.72%	8.11%	27.41%
Cost of Revenue	12.02	10.97	12.47	9.1	8.38	6.51
Gross Profit	16.06	13.55	12.05	11.56	10.98	11.4
Selling, General & Admin	21.11	19.03	19.14	18.19	18.06	10.59
Research & Development	4.92	4.94	4.04	14.1	7.66	1.97
Amortization of Goodwill & Intangibles	0.42	1.95	2.97	4.41	2.01	-
Operating Expenses	26.44	25.92	26.15	36.71	27.73	18.06
Operating Income	-10.38	-12.38	-14.09	-25.14	-16.75	-6.65
Interest Expense	-	-0.29	-0.02	-0.03	-0.09	-0.64
Interest & Investment Income	0.08	-	0.02	0.12	0.28	0.28
Currency Exchange Gain (Loss)	-0.74	-0.59	0.09	0.23	0.63	-1.23
Other Non Operating Income (Expenses)	0.08	0.18	0.33	0.33	0.08	-0.22
EBT Excluding Unusual Items	-10.96	-13.08	-13.67	-24.49	-15.85	-8.47
Merger & Restructuring Charges	-	-	-	-0.8	-	-
Impairment of Goodwill	-	-	-11.16	-2.46	-	-
Asset Writedown	-	-21.18	-3.87	-	-	-
Other Unusual Items	-	-	-	-	-	2.47
Pretax Income	-11.47	-34.27	-28.7	-27.75	-15.85	-6
Income Tax Expense	0.29	-4.03	-2.59	-1.19	0.86	1.35
Net Income	-12.25	-30.23	-26.12	-26.56	-16.71	-7.34
Net Income to Common	-12.25	-30.23	-26.12	-26.56	-16.71	-7.34
Shares Outstanding (Basic)	46	33	26	25	20	16
Shares Outstanding (Diluted)	46	33	26	25	20	16
Shares Change (YoY)	60.58%	30.23%	2.97%	26.46%	19.51%	20.88%
EPS (Basic)	-0.27	-0.91	-1.02	-1.07	-0.85	-0.45
EPS (Diluted)	-0.27	-0.91	-1.02	-1.07	-0.85	-0.45
Free Cash Flow	-11.94	-7.21	-4.58	-21.33	-10.99	-2.03
Free Cash Flow Per Share	-0.26	-0.22	-0.18	-0.86	-0.56	-0.12
Gross Margin	57.19%	55.25%	49.16%	55.95%	56.72%	63.67%
Operating Margin	-36.97%	-50.47%	-57.48%	-121.67%	-86.49%	-37.14%
Profit Margin	-43.60%	-123.30%	-106.51%	-128.53%	-86.29%	-40.98%
Free Cash Flow Margin	-42.52%	-29.40%	-18.68%	-103.21%	-56.74%	-11.32%
EBITDA	-10.49	-9.31	-10.37	-18.46	-12.98	-4.6
EBITDA Margin	-37.33%	-37.98%	-42.30%	-89.32%	-67.03%	-25.66%
D&A For EBITDA	-0.1	3.06	3.72	6.69	3.77	2.06
EBIT	-10.38	-12.38	-14.09	-25.14	-16.75	-6.65
EBIT Margin	-36.97%	-50.47%	-57.48%	-121.67%	-86.49%	-37.14%
Advertising Expenses	-	-	-	-	-	0.69

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q