MindForge Inc.
MF Nasdaq· Services-Computer Programming, Data Processing, Etc.
Last close · Oct 26, 2026
$10.47
KIRA · Stoqly’s AI analyst, in plain words
- MindForge Inc. had $29.7M of revenue in fiscal 2025, down 42.5% on the year before.
- Its operating margin was −10.5%, down 8.8 pts: of every 100 in sales, about −10 is left after running the business.
- MindForge Inc. lost $2.7M in fiscal 2025.
- MindForge Inc. has $10.8M more cash than debt.
Market cap
$76.4M
P/E
—
Revenue
$29.7M
Net income
−$2.7M
Free cash flow
—
Operating margin
−10.5%
MindForge Inc. in 30 seconds · fiscal 2025
Are sales growing?
−42.5%
No. Sales fell 42.5% last year.
Does it make a profit?
−9.2%
No. It lost money last year.
How healthy are the accounts?
2 / 9
Weak. It passes 2 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What MindForge Inc. does
No business description yet.
- Fiscal year ends
- June 30, 2025
- Latest annual report
- 20-F · Oct 24, 2025
- Legal name
- MindForge Inc.
- CIK
- 0001888525
MindForge Inc. · MF
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $86.7M | $94.3M | $51.6M | $29.7M |
| Revenue growth | — | 8.8% | −45.3% | −42.5% |
| Gross margin | 1.7% | 1.7% | 1.3% | 0.8% |
| Operating margin | 0.1% | 0.2% | −1.7% | −10.5% |
| Net income | −$0.0M | $0.2M | −$0.7M | −$2.7M |
| Net margin | −0.1% | 0.2% | −1.5% | −9.2% |
| Diluted EPS | $0.00 | $0.16 | −$0.48 | −$0.37 |
| Cash | ||||
| Cash from operations | $0.4M | −$0.3M | −$1.4M | −$2.8M |
| Capital expenditure | $0.0M | $0.0M | $0.0M | — |
| Free cash flow | $0.4M | −$0.3M | −$1.4M | — |
| FCF margin | 0.4% | −0.3% | −2.6% | — |
| Share count change | — | −93.5% | 5.2% | 362.2% |
| Debt and strength | ||||
| Cash and short-term investments | $1.5M | $1.3M | $4.8M | $11.2M |
| Debt incl. finance leases | — | $0.1M | $0.7M | $0.4M |
| Shareholders' equity | $0.9M | $1.1M | $13.9M | $19.0M |
| Net debt / EBITDA | — | −7.4x | — | — |
| Current ratio | — | 1.2x | 5.7x | 10.2x |
| Interest coverage | — | 118.4x | −67.7x | −92.7x |
| Returns and quality | ||||
| Return on capital | — | — | −7.1% | −29.8% |
| Return on equity | −5.4% | 20.8% | −10.0% | −16.5% |
| Return on tangible equity | −5.4% | 19.2% | −5.4% | −14.3% |
| Piotroski F-score | — | — | 1 | 2 |
| Altman Z'' | — | 1.5 | 9.8 | 12.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
MindForge Inc. · MF
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $10.47 a share, the company is worth $76.4M.
Source: SEC EDGAR XBRL filings (CIK 0001888525). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.