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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	19.55	19.46	21.45	21.61	21.55	26.33
Revenue Growth (YoY)	-5.47%	-9.27%	-0.77%	0.28%	-18.15%	12.65%
Cost of Revenue	9.39	9.54	10.71	10.75	10.04	12.45
Gross Profit	10.15	9.92	10.74	10.87	11.51	13.88
Selling, General & Admin	3.37	3.78	2.97	2.58	2.49	3.01
Research & Development	4.15	4.05	3.39	3.54	3.5	4.05
Total Operating Expenses	7.52	7.84	6.36	6.12	5.98	7.05
Operating Income	2.64	2.09	4.38	4.75	5.52	6.83
Total Non-Operating Income (Expense)	0.58	0.68	0.59	0.78	0.09	0.06
Pretax Income	3.21	2.77	4.96	5.53	5.62	6.88
Provision for Income Taxes	0.23	0.16	0.33	0.36	0.33	0.94
Net Income	2.98	2.6	4.63	5.17	5.29	5.95
Net Income to Common	2.98	2.6	4.63	5.17	5.29	5.95
Net Income Growth	-21.24%	-43.76%	-10.39%	-2.27%	-11.10%	10.48%
Shares Outstanding (Basic)	21	20	20	20	20	20
Shares Outstanding (Diluted)	21	21	21	20	20	20
Shares Change (YoY)	-0.01%	0.23%	0.54%	0.36%	0.63%	0.66%
EPS (Basic)	0.14	0.13	0.23	0.26	0.26	0.30
EPS (Diluted)	0.14	0.13	0.22	0.25	0.26	0.29
EPS Growth	-17.65%	-40.91%	-12.00%	-3.85%	-10.35%	7.41%
Shares Outstanding	20.37	20.37	20.37	20.19	20.12	20.06
Free Cash Flow	3.89	3.96	4.1	4.04	4.43	6.82
Free Cash Flow Growth	-1.87%	-3.53%	1.69%	-8.85%	-35.03%	5.99%
Free Cash Flow Per Share	0.19	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	51.94%	50.99%	50.07%	50.28%	53.39%	52.72%
Operating Margin	13.49%	10.72%	20.41%	21.97%	25.63%	25.93%
Profit Margin	15.26%	13.38%	21.59%	23.91%	24.53%	22.59%
FCF Margin	19.88%	20.35%	19.14%	18.67%	20.55%	25.89%
EBITDA	2.9	2.36	4.56	4.95	5.72	7.02
EBITDA Margin	14.84%	12.11%	21.28%	22.88%	26.53%	26.67%
EBIT	2.64	2.09	4.38	4.75	5.52	6.83
EBIT Margin	13.49%	10.72%	20.41%	21.97%	25.63%	25.93%
Effective Tax Rate	7.19%	5.89%	6.73%	6.50%	5.88%	13.60%

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q