Mynd.ai 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	209.8	267.38	411.76	584.68	448.19
Revenue Growth (YoY)	-37.58%	-35.06%	-29.58%	30.45%	-
Cost of Revenue	166.28	201.14	311.27	443.6	323.12
Gross Profit	43.52	66.24	100.49	141.09	125.07
Selling, General & Admin	73.25	75.54	82.44	95.46	91.84
Research & Development	19.62	25.25	34.6	41.46	35.59
Operating Expenses	92.87	100.8	117.05	136.92	127.44
Operating Income	-49.35	-34.55	-16.56	4.17	-2.37
Interest Expense	-9.8	-10.37	-4.66	-1.83	-0.17
Interest & Investment Income	1.98	2.66	0.22	0.01	-
Other Non Operating Income (Expenses)	6.78	10.01	2.03	0.59	-2.25
EBT Excluding Unusual Items	-50.39	-32.26	-18.97	2.94	-4.79
Merger & Restructuring Charges	-6.55	-3.48	-29.48	-0.74	-0.47
Other Unusual Items	-	-	-	4.92	13.9
Pretax Income	-56.94	-35.75	-48.45	7.12	8.65
Income Tax Expense	29.28	68.73	-9.66	-25.98	1.79
Earnings From Continuing Operations	-86.21	-104.48	-38.79	33.1	6.86
Earnings From Discontinued Operations	9.41	8.76	-0.64	-12.64	-7.96
Net Income	-76.87	-95.72	-39.43	20.46	-1.1
Net Income to Common	-76.87	-95.72	-39.43	20.46	-1.1
Shares Outstanding (Basic)	46	46	43	43	43
Shares Outstanding (Diluted)	46	46	43	43	43
Shares Change (YoY)	3.08%	6.66%	0.37%	-	-
EPS (Basic)	-1.68	-2.10	-0.92	0.48	-0.03
EPS (Diluted)	-1.68	-2.10	-0.92	0.48	-0.03
Free Cash Flow	-34.02	-0.5	-2.75	-6.1	-23.1
Free Cash Flow Per Share	-0.74	-0.01	-0.06	-0.14	-0.54
Gross Margin	20.74%	24.77%	24.40%	24.13%	27.91%
Operating Margin	-23.52%	-12.92%	-4.02%	0.71%	-0.53%
Profit Margin	-36.64%	-35.80%	-9.58%	3.50%	-0.25%
Free Cash Flow Margin	-16.21%	-0.19%	-0.67%	-1.04%	-5.15%
EBITDA	-41.69	-28.86	-11.59	8.69	3.75
EBITDA Margin	-19.87%	-10.79%	-2.81%	1.49%	0.84%
D&A For EBITDA	7.67	5.7	4.97	4.52	6.12
EBIT	-49.35	-34.55	-16.56	4.17	-2.37
EBIT Margin	-23.52%	-12.92%	-4.02%	0.71%	-0.53%
Effective Tax Rate	-	-	-	-	20.67%
Advertising Expenses	-	4.16	7.22	11.34	8.51

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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