MIND C.T.I. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	19.77	21.45	21.61	21.55	26.33	23.37
Revenue Growth (YoY)	-9.54%	-0.77%	0.28%	-18.15%	12.65%	3.13%
Cost of Revenue	9.67	10.71	10.75	10.04	12.45	11.15
Gross Profit	10.1	10.74	10.87	11.51	13.88	12.22
Selling, General & Admin	3.69	2.97	2.58	2.49	3.01	2.8
Research & Development	3.81	3.39	3.54	3.5	4.05	3.96
Operating Expenses	7.5	6.36	6.12	5.98	7.05	6.76
Operating Income	2.6	4.38	4.75	5.52	6.83	5.46
Interest Expense	-	-	-	-0.06	-	-
Interest & Investment Income	0.77	0.75	0.74	0.32	0.11	0.26
Currency Exchange Gain (Loss)	-0.16	-0.16	0.05	-0.1	-0.01	0.15
Other Non Operating Income (Expenses)	-0.02	-0.02	-0.02	-0.02	-0.05	-0.02
EBT Excluding Unusual Items	3.2	4.95	5.52	5.66	6.88	5.84
Gain (Loss) on Sale of Investments	0.01	0.01	0.01	-0.05	0	-
Pretax Income	3.21	4.96	5.53	5.62	6.88	5.84
Income Tax Expense	0.32	0.33	0.36	0.33	0.94	0.46
Net Income	2.89	4.63	5.17	5.29	5.95	5.38
Net Income to Common	2.89	4.63	5.17	5.29	5.95	5.38
Net Income Growth	-40.08%	-10.39%	-2.27%	-11.10%	10.48%	6.28%
Shares Outstanding (Basic)	20	20	20	20	20	20
Shares Outstanding (Diluted)	21	21	20	20	20	20
Shares Change (YoY)	0.32%	0.54%	0.36%	0.63%	0.66%	0.88%
EPS (Basic)	0.14	0.23	0.26	0.26	0.30	0.27
EPS (Diluted)	0.14	0.22	0.25	0.26	0.29	0.27
EPS Growth	-39.12%	-12.00%	-3.85%	-10.35%	7.41%	8.00%
Free Cash Flow	3.06	4.1	4.04	4.43	6.82	6.43
Free Cash Flow Per Share	0.15	0.20	0.20	0.22	0.34	0.32
Dividend Per Share	-	0.220	0.240	0.240	0.260	0.260
Dividend Growth	-	-8.33%	-	-7.69%	-	8.33%
Gross Margin	51.10%	50.07%	50.28%	53.39%	52.72%	52.29%
Operating Margin	13.15%	20.41%	21.97%	25.63%	25.93%	23.37%
Profit Margin	14.63%	21.59%	23.91%	24.53%	22.59%	23.03%
Free Cash Flow Margin	15.47%	19.14%	18.68%	20.55%	25.89%	27.51%
EBITDA	2.85	4.56	4.95	5.72	7.02	5.66
EBITDA Margin	14.40%	21.28%	22.88%	26.53%	26.67%	24.23%
D&A For EBITDA	0.25	0.19	0.2	0.19	0.19	0.2
EBIT	2.6	4.38	4.75	5.52	6.83	5.46
EBIT Margin	13.15%	20.41%	21.97%	25.63%	25.93%	23.37%
Effective Tax Rate	9.88%	6.73%	6.50%	5.88%	13.60%	7.86%
Revenue as Reported	21.45	21.45	21.61	21.55	26.33	23.37

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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