MIND C.T.I. Ltd (MNDO)

MIND C.T.I. Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	19.46	21.45	21.61	21.55	26.33
Revenue Growth (YoY)	-9.27%	-0.77%	0.28%	-18.15%	12.65%
Cost of Revenue	9.54	10.71	10.75	10.04	12.45
Gross Profit	9.92	10.74	10.87	11.51	13.88
Selling, General & Admin	3.78	2.97	2.58	2.49	3.01
Research & Development	4.05	3.39	3.54	3.5	4.05
Total Operating Expenses	7.84	6.36	6.12	5.98	7.05
Operating Income	2.09	4.38	4.75	5.52	6.83
Total Non-Operating Income (Expense)	0.68	0.59	0.78	0.09	0.06
Pretax Income	2.77	4.96	5.53	5.62	6.88
Provision for Income Taxes	0.16	0.33	0.36	0.33	0.94
Net Income	2.6	4.63	5.17	5.29	5.95
Net Income to Common	2.6	4.63	5.17	5.29	5.95
Net Income Growth	-43.76%	-10.39%	-2.27%	-11.10%	10.48%
Shares Outstanding (Basic)	20	20	20	20	20
Shares Outstanding (Diluted)	21	21	20	20	20
Shares Change (YoY)	0.23%	0.54%	0.36%	0.63%	0.66%
EPS (Basic)	0.13	0.23	0.26	0.26	0.30
EPS (Diluted)	0.13	0.22	0.25	0.26	0.29
EPS Growth	-40.91%	-12.00%	-3.85%	-10.35%	7.41%
Free Cash Flow	3.96	4.1	4.04	4.43	6.82
Free Cash Flow Growth	-3.53%	1.69%	-8.85%	-35.03%	5.99%
Free Cash Flow Per Share	0.19	0.20	0.20	0.22	0.34
Dividends Per Share	-	0.220	0.240	0.240	0.260
Dividend Growth	-	-8.33%	-	-7.69%	-
Gross Margin	50.99%	50.07%	50.28%	53.39%	52.72%
Operating Margin	10.72%	20.41%	21.97%	25.63%	25.93%
Profit Margin	13.38%	21.59%	23.91%	24.53%	22.59%
FCF Margin	20.35%	19.14%	18.67%	20.55%	25.89%
EBITDA	2.36	4.56	4.95	5.72	7.02
EBITDA Margin	12.11%	21.28%	22.88%	26.53%	26.67%
EBIT	2.09	4.38	4.75	5.52	6.83
EBIT Margin	10.72%	20.41%	21.97%	25.63%	25.93%
Effective Tax Rate	5.89%	6.73%	6.50%	5.88%	13.60%

Updated Mar 10, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q