NASDAQ : HYFT
MindWalk Holdings Corp. — Financial statements
Healthcare · Biotechnology · United States
Last price 1.2 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 56.53M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
MindWalk Holdings Corp. (HYFT) reported revenue of 16.23M CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year May - April; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 16.23M | 15.56M | 10.63M | 10.28M | 20.66M | 19.36M |
| Cost of Revenue | 6.36M | 6.41M | 4.89M | 6.19M | 9.10M | 8.38M |
| Gross Profit | 9.87M | 9.15M | 5.73M | 4.09M | 11.56M | 10.98M |
| Selling, General & Admin | 21.61M | 19.15M | 15.71M | 15.50M | 18.19M | 18.05M |
| Research & Development | 5.17M | 4.93M | 4.21M | 3.74M | 14.10M | 7.66M |
| Amortization of Goodwill & Intangibles | 1.53M | 2.37M | 4.41M | 2.01M | ||
| Operating Expenses | 26.77M | 24.09M | 21.45M | 21.60M | 36.71M | 27.73M |
| Operating Income | -16.91M | -14.94M | -15.72M | -17.51M | -25.14M | -16.75M |
| Interest Expense | -306.00K | -19.00K | -30.00K | -85.00K | ||
| Interest & Investment Income | 100.00K | 87.00K | 22.00K | 122.00K | 279.00K | |
| Currency Exchange Gain (Loss) | -9.00K | -224.00K | -555.00K | 76.00K | 227.00K | 631.00K |
| Other Non Operating Income (Expenses) | 27.00K | 33.00K | 138.00K | 299.00K | 332.00K | 75.00K |
| EBT Excluding Unusual Items | -16.79M | -15.04M | -16.45M | -17.13M | -24.49M | -15.85M |
| Merger & Restructuring Charges | -800.00K | |||||
| Impairment of Goodwill | -11.16M | -2.46M | ||||
| Gain (Loss) on Sale of Assets | -511.00K | -511.00K | ||||
| Asset Writedown | -21.18M | -3.87M | ||||
| Pretax Income | -17.30M | -15.55M | -37.63M | -32.16M | -27.75M | -15.85M |
| Income Tax Expense | -201.00K | -450.00K | -4.48M | -2.86M | -1.19M | 861.00K |
| Earnings From Continuing Operations | -17.10M | -15.10M | -33.15M | -29.30M | -26.56M | -16.71M |
| Earnings From Discontinued Operations | 24.00K | 1.15M | 2.91M | 3.19M | ||
| Net Income | -17.07M | -13.95M | -30.23M | -26.11M | -26.56M | -16.71M |
| Net Income to Common | -17.07M | -13.95M | -30.23M | -26.11M | -26.56M | -16.71M |
| Shares Outstanding (Basic) | 46.54M | 46.38M | 33.39M | 25.64M | 24.90M | 19.69M |
| Shares Outstanding (Diluted) | 46.54M | 46.38M | 33.39M | 25.64M | 24.90M | 19.69M |
| EPS (Basic) | -0.37 | -0.30 | -0.91 | -1.02 | -1.07 | -0.85 |
| EPS (Diluted) | -0.37 | -0.30 | -0.91 | -1.02 | -1.07 | -0.85 |
| Free Cash Flow | -12.49M | -12.86M | -7.21M | -4.58M | -21.33M | -10.99M |
| Free Cash Flow Per Share | -0.27 | -0.28 | -0.22 | -0.18 | -0.86 | -0.56 |
| Gross Margin | 60.79% | 58.80% | 53.93% | 39.81% | 55.95% | 56.72% |
| Operating Margin | -104.16% | -96.01% | -147.98% | -170.34% | -121.67% | -86.49% |
| Profit Margin | -105.20% | -89.66% | -284.53% | -254.06% | -128.53% | -86.29% |
| Free Cash Flow Margin | -76.93% | -82.67% | -67.84% | -44.57% | -103.21% | -56.74% |
| EBITDA | -16.10M | -13.33M | -10.66M | -11.77M | -18.46M | -12.98M |
| EBITDA Margin | -99.17% | -85.70% | -100.30% | -114.54% | -89.32% | -67.03% |
| D&A For EBITDA | 810.00K | 1.60M | 5.07M | 5.74M | 6.68M | 3.77M |
| EBIT | -16.91M | -14.94M | -15.72M | -17.51M | -25.14M | -16.75M |
| EBIT Margin | -104.16% | -96.01% | -147.98% | -170.34% | -121.67% | -86.49% |
Balance sheet
Fiscal year May - April; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.62M | 11.35M | 10.66M | 3.46M | 8.28M | 29.96M |
| Cash & Short-Term Investments | 7.62M | 11.35M | 10.66M | 3.46M | 8.28M | 29.96M |
| Accounts Receivable | 2.87M | 3.11M | 4.66M | 4.07M | 3.88M | 3.13M |
| Other Receivables | 347.00K | 472.00K | 143.00K | 414.00K | 536.00K | 277.00K |
| Receivables | 3.22M | 3.58M | 4.81M | 4.48M | 4.42M | 3.41M |
| Inventory | 611.00K | 492.00K | 2.10M | 2.14M | 2.06M | 1.61M |
| Prepaid Expenses | 762.00K | 798.00K | 1.19M | 1.41M | 2.04M | 2.48M |
| Total Current Assets | 12.21M | 16.22M | 18.75M | 11.49M | 16.79M | 37.47M |
| Property, Plant & Equipment | 4.00M | 4.05M | 15.76M | 16.70M | 10.39M | 3.56M |
| Long-Term Investments | 115.00K | 142.00K | ||||
| Goodwill | 8.23M | 7.69M | 19.17M | 19.64M | ||
| Other Intangible Assets | 1.07M | 23.56M | 30.91M | 32.37M | ||
| Long-Term Deferred Tax Assets | 958.00K | 958.00K | ||||
| Long-Term Deferred Charges | 19.00K | 25.00K | ||||
| Other Long-Term Assets | 154.00K | 151.00K | 628.00K | 561.00K | 418.00K | 451.00K |
| Total Assets | 17.32M | 21.38M | 44.44M | 59.99M | 77.81M | 93.65M |
| Accounts Payable | 5.14M | 3.28M | 5.28M | 4.07M | 2.49M | 4.37M |
| Accrued Expenses | 300.00K | 981.00K | 475.00K | 853.00K | 902.00K | 431.00K |
| Current Portion of Long-Term Debt | 1.31M | |||||
| Current Portion of Leases | 483.00K | 457.00K | 1.85M | 1.56M | 1.12M | 987.00K |
| Current Income Taxes Payable | 188.00K | 420.00K | ||||
| Current Unearned Revenue | 529.00K | 1.07M | 1.09M | 1.35M | 977.00K | 1.03M |
| Other Current Liabilities | 314.00K | 284.00K | 439.00K | 740.00K | ||
| Total Current Liabilities | 6.64M | 5.79M | 9.01M | 8.12M | 5.92M | 9.29M |
| Long-Term Leases | 3.00M | 3.07M | 11.55M | 12.12M | 6.15M | 468.00K |
| Long-Term Deferred Tax Liabilities | 769.00K | 769.00K | 250.00K | 4.07M | 7.66M | 8.11M |
| Other Long-Term Liabilities | 278.00K | 497.00K | ||||
| Total Liabilities | 10.41M | 9.63M | 20.82M | 24.31M | 20.01M | 18.36M |
| Common Stock | 137.79M | 137.26M | 136.37M | 119.77M | 117.47M | 114.56M |
| Additional Paid-In Capital | 14.85M | 14.11M | 12.83M | 12.39M | 10.80M | 9.63M |
| Retained Earnings | -148.83M | -142.74M | -128.79M | -98.56M | -73.09M | -46.53M |
| Comprehensive Income & Other | 3.10M | 3.12M | 3.22M | 2.08M | 2.62M | -2.38M |
| Total Common Equity | 6.91M | 11.75M | 23.63M | 35.68M | 57.80M | 75.28M |
| Shareholders' Equity | 6.91M | 11.75M | 23.63M | 35.68M | 57.80M | 75.28M |
| Total Liabilities & Equity | 17.32M | 21.38M | 44.44M | 59.99M | 77.81M | 93.65M |
| Total Debt | 3.48M | 3.53M | 13.40M | 13.68M | 7.27M | 2.77M |
| Net Cash (Debt) | 4.14M | 7.82M | -2.74M | -10.22M | 1.01M | 27.20M |
| Net Cash Per Share | 0.09 | 0.17 | -0.08 | -0.40 | 0.04 | 1.38 |
| Filing Date Shares Outstanding | 47.11M | 46.99M | 46.15M | 27.30M | 24.94M | 24.84M |
| Total Common Shares Outstanding | 46.99M | 46.71M | 46.15M | 26.94M | 25.05M | 24.48M |
| Working Capital | 5.57M | 10.43M | 9.74M | 3.36M | 10.87M | 28.18M |
| Book Value Per Share | 0.15 | 0.25 | 0.51 | 1.32 | 2.31 | 3.07 |
| Tangible Book Value | 6.91M | 11.75M | 14.33M | 4.43M | 7.73M | 23.29M |
| Tangible Book Value Per Share | 0.15 | 0.25 | 0.31 | 0.16 | 0.31 | 0.95 |
| Buildings | 3.53M | 3.53M | 16.17M | |||
| Machinery | 207.00K | 2.86M | 6.87M | 5.39M | 6.81M | 5.19M |
| Construction In Progress | 290.00K | 235.00K | 110.00K | 31.00K | 138.00K | |
| Leasehold Improvements | 190.00K | 190.00K | 336.00K | 307.00K | 626.00K | 353.00K |
Cash flow statement
Fiscal year May - April; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -17.07M | -13.95M | -30.23M | -26.11M | -26.56M | -16.71M |
| Depreciation & Amortization | 928.00K | 1.60M | 5.07M | 5.74M | 6.68M | 3.77M |
| Other Amortization | 53.00K | |||||
| Loss (Gain) From Sale of Assets | 511.00K | 511.00K | ||||
| Asset Writedown & Restructuring Costs | 21.18M | 15.03M | 2.46M | 167.00K | ||
| Loss (Gain) From Sale of Investments | -7.00K | -2.00K | -43.00K | -43.00K | ||
| Stock-Based Compensation | 1.96M | 1.27M | 445.00K | 1.53M | 1.94M | 3.08M |
| Other Operating Activities | -29.00K | 154.00K | -3.30M | -1.74M | -1.04M | -770.00K |
| Change in Accounts Receivable | -461.00K | -2.28M | -546.00K | -241.00K | -540.00K | 254.00K |
| Change in Inventory | -88.00K | -53.00K | 138.00K | -102.00K | -185.00K | -501.00K |
| Change in Accounts Payable | 1.99M | -216.00K | 827.00K | 983.00K | -1.67M | 1.46M |
| Change in Unearned Revenue | -166.00K | 654.00K | -302.00K | 374.00K | -80.00K | -13.00K |
| Change in Other Net Operating Assets | 142.00K | -161.00K | 269.00K | 1.36M | -806.00K | -620.00K |
| Operating Cash Flow | -12.29M | -12.46M | -6.41M | -3.18M | -19.83M | -9.92M |
| Capital Expenditures | -194.00K | -398.00K | -799.00K | -1.40M | -1.50M | -1.07M |
| Cash Acquisitions | -312.00K | -146.00K | -592.00K | -3.69M | ||
| Divestitures | 14.26M | 14.26M | 121.00K | |||
| Sale (Purchase) of Intangibles | -191.00K | |||||
| Investment in Securities | 80.00K | |||||
| Other Investing Activities | -141.00K | 40.00K | -259.00K | |||
| Investing Cash Flow | 14.06M | 13.54M | -799.00K | -1.56M | -1.97M | -5.21M |
| Short-Term Debt Issued | 4.24M | |||||
| Total Debt Issued | 4.24M | |||||
| Long-Term Debt Repaid | -782.00K | -1.58M | -1.34M | -1.34M | -962.00K | |
| Lease Payments | -638.00K | -782.00K | -1.58M | -1.34M | -1.34M | -962.00K |
| Net Debt Issued (Repaid) | -638.00K | -782.00K | 2.67M | -1.34M | -1.34M | -962.00K |
| Issuance of Common Stock | 1.42M | 897.00K | 12.23M | 2.36M | 716.00K | 3.85M |
| Other Financing Activities | 48.00K | -5.00K | ||||
| Financing Cash Flow | 832.00K | 115.00K | 14.89M | 1.02M | -621.00K | 2.88M |
| Foreign Exchange Rate Adjustments | -520.00K | -514.00K | -438.00K | -1.09M | 740.00K | 455.00K |
| Net Cash Flow | 2.73M | 683.00K | 7.25M | -4.82M | -21.68M | -11.79M |
| Free Cash Flow | -12.49M | -12.86M | -7.21M | -4.58M | -21.33M | -10.99M |
| Free Cash Flow Margin | -76.93% | -82.67% | -67.84% | -44.57% | -103.21% | -56.74% |
| Free Cash Flow Per Share | -0.27 | -0.28 | -0.22 | -0.18 | -0.86 | -0.56 |
| Levered Free Cash Flow | 8.78M | -5.47M | -4.71M | -2.84M | -11.80M | -3.42M |
| Unlevered Free Cash Flow | 8.78M | -5.47M | -4.52M | -2.83M | -11.78M | -3.37M |
| Free Cash Flow After Leases | -13.12M | -13.64M | -8.79M | -5.92M | -22.66M | -11.95M |
| Cash Interest Paid | 263.00K | 38.00K | ||||
| Cash Income Tax Paid | 2.00K | 591.00K | 1.19M | |||
| Change in Working Capital | 1.41M | -2.06M | 386.00K | 2.37M | -3.28M | 582.00K |
Ratios
Fiscal year May - April; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 51.82M | 55.59M | 20.05M | 33.68M | 64.16M | 130.88M |
| Enterprise Value | 48.87M | 47.81M | 20.05M | 39.80M | 61.28M | 107.17M |
| Last Close Price | 1.10 | 1.19 | 0.44 | 1.28 | 2.57 | 5.56 |
| PS Ratio | 4.48 | 4.86 | 2.61 | 4.50 | 4.21 | 8.66 |
| PB Ratio | 10.49 | 6.44 | 1.17 | 1.30 | 1.50 | 2.23 |
| P/TBV Ratio | 10.52 | 6.44 | 1.93 | 10.44 | 11.26 | 7.20 |
| EV/Sales Ratio | 4.22 | 4.18 | 2.61 | 5.32 | 4.02 | 7.09 |
| Debt / Equity Ratio | 0.50 | 0.30 | 0.57 | 0.38 | 0.13 | 0.04 |
| Net Debt / Equity Ratio | -0.60 | -0.67 | 0.12 | 0.29 | -0.02 | -0.36 |
| Net Debt / EBITDA Ratio | 0.26 | 0.59 | -0.26 | -0.87 | 0.06 | 2.10 |
| Net Debt / FCF Ratio | 0.33 | 0.61 | -0.38 | -2.23 | 0.05 | 2.48 |
| Asset Turnover | 0.56 | 0.47 | 0.20 | 0.15 | 0.24 | 0.24 |
| Inventory Turnover | 11.21 | 4.96 | 2.31 | 2.95 | 4.95 | 5.95 |
| Quick Ratio | 1.63 | 2.58 | 1.72 | 0.98 | 2.14 | 3.59 |
| Current Ratio | 1.84 | 2.80 | 2.08 | 1.41 | 2.84 | 4.03 |
| Return on Equity (ROE) | -123.66% | -85.38% | -111.79% | -62.69% | -39.91% | -25.28% |
| Return on Assets (ROA) | -36.39% | -28.37% | -18.82% | -15.88% | -18.33% | -13.04% |
| Return on Invested Capital (ROIC) | -504.76% | -98.62% | -43.52% | -34.10% | -47.95% | -50.21% |
| Return on Capital Employed (ROCE) | -158.30% | -95.80% | -44.40% | -33.80% | -35.00% | -19.90% |
| Earnings Yield | -23.77% | -18.44% | -109.15% | -56.41% | -30.53% | -9.96% |
| FCF Yield | -17.23% | -17.00% | -26.03% | -9.89% | -24.51% | -6.55% |
| Buyback Yield / Dilution | -22.03% | -38.93% | -30.23% | -2.97% | -26.46% | -19.51% |