1.Sales and profit
See section β- MindWalk Holdings Corp. had $11.3M of revenue in fiscal 2026, up 47.9% on the year before. Over five years, revenue changed β3.8% a year on average.
- MindWalk Holdings Corp. lost $10.1M in fiscal 2026.
HYFT Nasdaq Pharmaceutical Preparations Financials FY2020βFY2026
MindWalk Holdings Corp. had $11.3M of revenue in fiscal 2026, up 47.9% on the year before. Over five years, revenue changed β3.8% a year on average.
Hi! I read MindWalk Holdings Corp.βs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
+47.9%
Yes. Sales grew 47.9% last year.
Does it make a profit?
β89.7%
No. It lost money last year.
Does profit turn into cash?
β82.7%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days MindWalk Holdings Corp. did it, and the next one. Share prices often move a lot on those days.
Next results
July 22, 2027
Thursday Β· in 269 days
Estimated from the same quarter last year. It will be replaced by the announced date once there is one.
See who else reports that week β| Date | Results for | Time | Source |
|---|---|---|---|
| Jul 23, 2026 | Q4 '26 | Time not announced | 20-F β |
| Jul 29, 2025 | Q4 '25 | Before the market opens | 20-F β |
| Jul 29, 2024 | Q4 '24 | Before the market opens | 20-F β |
| Jul 10, 2023 | Period ended Apr 30, 2023 | After the market closes | 40-F β |
| Jul 29, 2022 | Period ended Apr 30, 2022 | Before the market opens | 40-F β |
| Jul 28, 2021 | Period ended Apr 30, 2021 | Before the market opens | 40-F β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· MindWalk Holdings Corp. had $11.3M of revenue in fiscal 2026, up 47.9% on the year before. Over five years, revenue changed β3.8% a year on average.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· MindWalk Holdings Corp. lost $10.1M in fiscal 2026.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$9.3M in fiscal 2026, β82.7% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably MindWalk Holdings Corp. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $23.6M | $6.1M | $2.6M | $7.8M | $8.4M |
| Current ratio | 4.0x | 2.8x | 1.4x | 2.1x | 2.8x |
| Quick ratio | 3.9x | 2.5x | 1.2x | 1.8x | 2.7x |
| Total assets | $73.5M | $57.0M | $43.8M | $32.1M | $15.6M |
| Total liabilities | $14.4M | $14.7M | $17.8M | $15.1M | $7.0M |
| Shareholders' equity | $59.1M | $42.9M | $26.1M | $17.1M | $8.6M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· MindWalk Holdings Corp. passes 5 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 8 | 1 / 8 | 2 / 8 | 1 / 8 | 4 / 8 | 5 / 8 |
| Accruals ratio | β13.5% | β13.9% | β8.5% | β7.7% | β33.7% | β45.0% | β4.5% |
| Altman Z'' | β | β | β | β | β | β | β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $10.5M | $13.7M | $15.4M | $15.5M | $7.6M | $7.6M | $11.3M |
| Gross profit | $6.0M | $8.8M | $8.8M | $8.7M | $3.0M | $4.1M | $6.6M |
| Research and development | $0.3M | $1.5M | $6.1M | $10.6M | $2.8M | $3.0M | $3.6M |
| Interest expense | $0.1M | $0.6M | $0.8M | $0.6M | $0.3M | $0.1M | $0.3M |
| Pretax income | β$4.0M | β$4.6M | β$12.6M | β$20.9M | β$23.8M | β$27.0M | β$11.3M |
| Income tax | β$0.3M | $1.0M | $0.7M | β$0.9M | β$2.1M | β$3.2M | β$0.3M |
| Net income | β$3.7M | β$5.6M | β$13.3M | β$20.0M | β$19.3M | β$21.7M | β$10.1M |
| Diluted EPS | β$0.27 | β$0.34 | β$0.68 | β$0.80 | β$0.76 | β$0.65 | β |
| Diluted shares | 0.01B | 0.02B | 0.02B | 0.02B | 0.03B | 0.03B | 0.05B |
| Cash flow | |||||||
| Cash from operations | β$1.0M | β$0.5M | β$7.9M | β$14.9M | β$2.4M | β$4.6M | β$9.0M |
| Capital expenditure | $0.3M | $1.1M | $0.8M | $1.1M | $1.0M | $0.6M | $0.3M |
| Free cash flow | β$1.3M | β$1.5M | β$8.8M | β$16.0M | β$3.4M | β$5.2M | β$9.3M |
| Depreciation and amortization | $1.9M | $2.1M | $2.0M | $5.0M | $4.2M | $3.7M | $1.2M |
| Stock-based compensation | $0.6M | $2.1M | $2.5M | $1.5M | $1.1M | $0.3M | $0.9M |
| Balance sheet | |||||||
| Cash and short-term investments | $1.9M | $34.1M | $23.6M | $6.1M | $2.6M | $7.8M | $8.4M |
| Total debt | $0.2M | β | β | β | β | β | β |
| Current assets | $5.6M | $39.8M | $29.4M | $12.3M | $8.4M | $13.6M | $11.9M |
| Current liabilities | $5.7M | $4.9M | $7.3M | $4.3M | $5.9M | $6.5M | $4.2M |
| Inventory | $0.6M | $1.0M | $1.3M | $1.5M | $1.6M | $1.5M | $0.4M |
| Property and equipment, net | $2.2M | $3.3M | $8.2M | $7.6M | $12.2M | $11.4M | $3.0M |
| Goodwill | $5.7M | $6.3M | $15.4M | $14.1M | $5.6M | $6.0M | $0.0M |
| Intangible assets | $6.0M | $4.9M | $25.4M | $22.7M | $17.2M | $0.8M | $0.0M |
| Total assets | $19.7M | $54.5M | $73.5M | $57.0M | $43.8M | $32.1M | $15.6M |
| Total liabilities | $8.8M | $8.2M | $14.4M | $14.7M | $17.8M | $15.1M | $7.0M |
| Shareholders' equity | $10.9M | $46.4M | $59.1M | $42.9M | $26.1M | $17.1M | $8.6M |
| Margins | |||||||
| Gross margin | 57.1% | 64.4% | 56.7% | 56.0% | 39.8% | 53.9% | 58.8% |
| Net margin | β35.2% | β41.0% | β86.3% | β128.5% | β254.1% | β284.5% | β89.7% |
| FCF margin | β12.6% | β11.0% | β56.7% | β103.2% | β44.6% | β67.8% | β82.7% |
| Returns | |||||||
| Return on equity | β34.0% | β19.6% | β25.3% | β39.2% | β56.1% | β100.5% | β78.7% |
| Return on assets | β18.8% | β15.1% | β20.8% | β30.6% | β38.4% | β57.1% | β42.3% |
| Return on tangible equity | β | β16.0% | β72.9% | β323.7% | β597.2% | β209.3% | β117.6% |
| Growth | |||||||
| Revenue growth | β | 30.0% | 12.8% | 0.7% | β51.0% | 0.1% | 47.9% |
| Share count change | β | 20.9% | 19.5% | 26.5% | 3.0% | 30.2% | 38.9% |
| Financial health | |||||||
| Debt / equity | 0.0x | β | β | β | β | β | β |
| Current ratio | 1.0x | 8.0x | 4.0x | 2.8x | 1.4x | 2.1x | 2.8x |
| Quick ratio | 0.9x | 7.8x | 3.9x | 2.5x | 1.2x | 1.8x | 2.7x |
| Capital allocation | |||||||
| Capex / revenue | 2.7% | 7.7% | 5.5% | 7.2% | 13.6% | 7.5% | 2.6% |
| Stock comp / revenue | 5.3% | 15.3% | 15.9% | 9.4% | 14.9% | 4.2% | 8.2% |
| Quality scores | |||||||
| Piotroski F-score | β | 4.0 | 1.0 | 2.0 | 1.0 | 4.0 | 5.0 |
| Accruals ratio | β13.5% | β13.9% | β8.5% | β7.7% | β33.7% | β45.0% | β4.5% |
Source: SEC EDGAR XBRL filings (CIK 0001715925). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in CAD under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only β not investment advice. Check the original filings before relying on any figure.