NASDAQ : MNDO
MIND C.T.I. Ltd — Financial statements
Technology · Software - Application · Israel
Last price 0.8819 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 17.97M
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Financial statements
MIND C.T.I. Ltd (MNDO) reported revenue of 19.41M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 19.41M | 19.46M | 21.45M | 21.61M | 21.55M | 26.33M |
| Cost of Revenue | 8.85M | 9.54M | 10.71M | 10.75M | 10.04M | 12.45M |
| Gross Profit | 10.56M | 9.92M | 10.74M | 10.87M | 11.51M | 13.88M |
| Selling, General & Admin | 3.34M | 3.78M | 2.97M | 2.58M | 2.49M | 3.00M |
| Research & Development | 4.15M | 4.05M | 3.39M | 3.54M | 3.50M | 4.05M |
| Operating Expenses | 7.50M | 7.83M | 6.36M | 6.12M | 5.98M | 7.05M |
| Operating Income | 3.06M | 2.09M | 4.38M | 4.75M | 5.52M | 6.83M |
| Interest Expense | -23.00K | -23.00K | -60.00K | |||
| Interest & Investment Income | 282.00K | 475.00K | 750.00K | 737.00K | 320.00K | 110.00K |
| Currency Exchange Gain (Loss) | 255.00K | 255.00K | -159.00K | 50.00K | -99.00K | -8.00K |
| Other Non Operating Income (Expenses) | -33.00K | -33.00K | -15.00K | -18.00K | -23.00K | -49.00K |
| EBT Excluding Unusual Items | 3.54M | 2.76M | 4.95M | 5.52M | 5.66M | 6.88M |
| Gain (Loss) on Sale of Investments | 7.00K | 7.00K | 11.00K | 8.00K | -45.00K | 2.00K |
| Pretax Income | 3.55M | 2.77M | 4.96M | 5.53M | 5.62M | 6.88M |
| Income Tax Expense | 274.00K | 163.00K | 334.00K | 359.00K | 330.00K | 936.00K |
| Net Income | 3.27M | 2.60M | 4.63M | 5.17M | 5.29M | 5.95M |
| Net Income to Common | 3.27M | 2.60M | 4.63M | 5.17M | 5.29M | 5.95M |
| Shares Outstanding (Basic) | 20.36M | 20.47M | 20.30M | 20.16M | 20.10M | 20.01M |
| Shares Outstanding (Diluted) | 20.48M | 20.63M | 20.58M | 20.47M | 20.40M | 20.27M |
| EPS (Basic) | 0.16 | 0.13 | 0.23 | 0.26 | 0.26 | 0.30 |
| EPS (Diluted) | 0.16 | 0.13 | 0.22 | 0.25 | 0.26 | 0.29 |
| Free Cash Flow | 3.09M | 3.96M | 4.10M | 4.04M | 4.43M | 6.82M |
| Free Cash Flow Per Share | 0.15 | 0.19 | 0.20 | 0.20 | 0.22 | 0.34 |
| Dividend Per Share | 0.22 | 0.24 | 0.24 | 0.26 | ||
| Gross Margin | 54.40% | 50.99% | 50.07% | 50.28% | 53.39% | 52.72% |
| Operating Margin | 15.77% | 10.72% | 20.41% | 21.97% | 25.63% | 25.93% |
| Profit Margin | 16.87% | 13.38% | 21.59% | 23.91% | 24.53% | 22.59% |
| Free Cash Flow Margin | 15.93% | 20.35% | 19.14% | 18.68% | 20.55% | 25.89% |
| EBITDA | 3.31M | 2.36M | 4.56M | 4.95M | 5.72M | 7.02M |
| EBITDA Margin | 17.05% | 12.11% | 21.28% | 22.88% | 26.53% | 26.67% |
| D&A For EBITDA | 249.00K | 270.00K | 186.00K | 196.00K | 193.00K | 194.00K |
| EBIT | 3.06M | 2.09M | 4.38M | 4.75M | 5.52M | 6.83M |
| EBIT Margin | 15.77% | 10.72% | 20.41% | 21.97% | 25.63% | 25.93% |
| Effective Tax Rate | 7.72% | 5.89% | 6.73% | 6.50% | 5.88% | 13.60% |
| Revenue as Reported | 19.46M | 19.46M | 21.45M | 21.61M | 21.55M | 26.33M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.08M | 8.12M | 4.45M | 2.96M | 5.26M | 4.18M |
| Short-Term Investments | 10.38M | 5.44M | 11.30M | 13.65M | 12.21M | 14.28M |
| Cash & Short-Term Investments | 13.46M | 13.55M | 15.75M | 16.60M | 17.48M | 18.46M |
| Accounts Receivable | 2.09M | 1.71M | 2.50M | 2.29M | 2.36M | 1.80M |
| Other Receivables | 84.00K | 258.00K | 344.00K | 185.00K | 24.00K | |
| Receivables | 2.09M | 1.80M | 2.76M | 2.64M | 2.54M | 1.83M |
| Prepaid Expenses | 315.00K | 330.00K | 175.00K | 277.00K | 169.00K | 124.00K |
| Other Current Assets | 777.00K | 402.00K | 235.00K | 194.00K | 108.00K | 121.00K |
| Total Current Assets | 16.65M | 16.08M | 18.92M | 19.71M | 20.30M | 20.53M |
| Property, Plant & Equipment | 852.00K | 1.00M | 1.02M | 906.00K | 1.17M | 1.64M |
| Goodwill | 9.83M | 9.96M | 7.73M | 7.87M | 7.79M | 7.93M |
| Other Intangible Assets | 1.23M | 1.38M | 135.00K | 266.00K | 374.00K | 522.00K |
| Long-Term Accounts Receivable | 448.00K | 714.00K | 58.00K | |||
| Long-Term Deferred Tax Assets | 155.00K | 147.00K | 108.00K | 102.00K | 143.00K | 184.00K |
| Other Long-Term Assets | 1.33M | 1.60M | 2.35M | 2.05M | 1.91M | 2.33M |
| Total Assets | 30.05M | 30.17M | 30.70M | 31.62M | 31.74M | 33.13M |
| Accounts Payable | 418.00K | 546.00K | 769.00K | 989.00K | 937.00K | 839.00K |
| Accrued Expenses | 1.43M | 1.47M | 1.75M | 1.98M | 2.27M | |
| Current Portion of Leases | 268.00K | 255.00K | 188.00K | 218.00K | 271.00K | 376.00K |
| Current Unearned Revenue | 1.59M | 1.96M | 849.00K | 1.52M | 1.99M | 2.15M |
| Total Current Liabilities | 3.58M | 4.20M | 3.27M | 4.47M | 5.17M | 5.63M |
| Long-Term Leases | 530.00K | 674.00K | 637.00K | 424.00K | 615.00K | 1.10M |
| Long-Term Unearned Revenue | 173.00K | 239.00K | 108.00K | 100.00K | 107.00K | 154.00K |
| Long-Term Deferred Tax Liabilities | 370.00K | 413.00K | 40.00K | 80.00K | 112.00K | 157.00K |
| Other Long-Term Liabilities | 1.33M | 1.60M | 2.35M | 2.06M | 1.93M | 2.36M |
| Total Liabilities | 5.98M | 7.12M | 6.41M | 7.14M | 7.94M | 9.40M |
| Common Stock | 54.00K | 54.00K | 54.00K | 54.00K | 54.00K | 54.00K |
| Additional Paid-In Capital | 28.06M | 28.02M | 27.90M | 27.78M | 27.55M | 27.32M |
| Retained Earnings | -1.83M | -3.47M | -1.57M | -1.33M | -1.66M | -1.72M |
| Treasury Stock | -1.44M | -930.00K | -883.00K | -1.01M | -1.06M | -1.09M |
| Comprehensive Income & Other | -781.00K | -625.00K | -1.21M | -1.00M | -1.07M | -836.00K |
| Shareholders' Equity | 24.07M | 23.05M | 24.30M | 24.49M | 23.81M | 23.73M |
| Total Liabilities & Equity | 30.05M | 30.17M | 30.70M | 31.62M | 31.74M | 33.13M |
| Total Debt | 798.00K | 929.00K | 825.00K | 642.00K | 886.00K | 1.47M |
| Net Cash (Debt) | 12.67M | 12.62M | 14.93M | 15.96M | 16.59M | 16.99M |
| Net Cash Per Share | 0.62 | 0.61 | 0.73 | 0.78 | 0.81 | 0.84 |
| Filing Date Shares Outstanding | 20.15M | 20.19M | 20.37M | 20.18M | 20.12M | 20.10M |
| Total Common Shares Outstanding | 20.15M | 20.37M | 20.37M | 20.18M | 20.12M | 20.06M |
| Working Capital | 13.07M | 11.89M | 15.64M | 15.24M | 15.13M | 14.90M |
| Book Value Per Share | 1.19 | 1.13 | 1.19 | 1.21 | 1.18 | 1.18 |
| Tangible Book Value | 13.01M | 11.71M | 16.43M | 16.35M | 15.65M | 15.28M |
| Tangible Book Value Per Share | 0.65 | 0.57 | 0.81 | 0.81 | 0.78 | 0.76 |
| Machinery | 2.41M | 2.19M | 2.42M | 2.37M | 2.22M | |
| Leasehold Improvements | 115.00K | 27.00K | 27.00K | 27.00K | 27.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.27M | 2.60M | 4.63M | 5.17M | 5.29M | 5.95M |
| Depreciation & Amortization | 249.00K | 270.00K | 186.00K | 196.00K | 193.00K | 194.00K |
| Loss (Gain) From Sale of Assets | 11.00K | -3.00K | ||||
| Loss (Gain) From Sale of Investments | -4.00K | -7.00K | -11.00K | -8.00K | 45.00K | -2.00K |
| Stock-Based Compensation | 168.00K | 199.00K | 252.00K | 281.00K | 258.00K | 171.00K |
| Other Operating Activities | -19.00K | -51.00K | 3.00K | 52.00K | 48.00K | -13.00K |
| Change in Accounts Receivable | 438.00K | 1.50M | -4.00K | -549.00K | -666.00K | 243.00K |
| Change in Accounts Payable | -336.00K | -325.00K | -173.00K | 20.00K | 139.00K | -363.00K |
| Change in Unearned Revenue | -666.00K | 588.00K | -660.00K | -476.00K | -216.00K | 111.00K |
| Change in Other Net Operating Assets | 8.00K | -799.00K | -109.00K | -583.00K | -530.00K | 613.00K |
| Operating Cash Flow | 3.11M | 3.99M | 4.11M | 4.10M | 4.56M | 6.90M |
| Capital Expenditures | -20.00K | -27.00K | -10.00K | -64.00K | -130.00K | -82.00K |
| Sale of Property, Plant & Equipment | 3.00K | |||||
| Cash Acquisitions | -261.00K | -1.53M | ||||
| Investment in Securities | -1.79M | 5.88M | 2.36M | -1.42M | 2.02M | -5.52M |
| Other Investing Activities | -33.00K | -48.00K | -55.00K | -53.00K | -61.00K | -89.00K |
| Investing Cash Flow | -2.10M | 4.27M | 2.29M | -1.54M | 1.83M | -5.69M |
| Repurchase of Common Stock | -672.00K | -130.00K | ||||
| Common Dividends Paid | -4.50M | -4.87M | -4.84M | -5.23M | -5.20M | |
| Financing Cash Flow | -672.00K | -4.63M | -4.87M | -4.84M | -5.23M | -5.20M |
| Foreign Exchange Rate Adjustments | -9.00K | 36.00K | -43.00K | -27.00K | -77.00K | -90.00K |
| Net Cash Flow | 330.00K | 3.66M | 1.49M | -2.31M | 1.08M | -4.08M |
| Free Cash Flow | 3.09M | 3.96M | 4.10M | 4.04M | 4.43M | 6.82M |
| Free Cash Flow Margin | 15.93% | 20.35% | 19.14% | 18.68% | 20.55% | 25.89% |
| Free Cash Flow Per Share | 0.15 | 0.19 | 0.20 | 0.20 | 0.22 | 0.34 |
| Levered Free Cash Flow | 1.70M | 3.22M | 1.94M | 2.44M | 2.63M | 5.11M |
| Unlevered Free Cash Flow | 1.72M | 3.24M | 1.94M | 2.44M | 2.67M | 5.11M |
| Cash Income Tax Paid | 382.00K | 382.00K | 393.00K | 419.00K | 413.00K | 903.00K |
| Change in Working Capital | -556.00K | 960.00K | -946.00K | -1.59M | -1.27M | 604.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.93M | 23.42M | 39.87M | 39.44M | 42.22M | 62.10M |
| Enterprise Value | 5.26M | 11.89M | 24.79M | 24.18M | 27.15M | 47.58M |
| Last Close Price | 0.89 | 1.15 | 1.76 | 1.56 | 1.50 | 2.04 |
| PE Ratio | 5.50 | 8.99 | 8.61 | 7.63 | 7.99 | 10.44 |
| PS Ratio | 0.93 | 1.20 | 1.86 | 1.82 | 1.96 | 2.36 |
| PB Ratio | 0.74 | 1.02 | 1.64 | 1.61 | 1.77 | 2.62 |
| P/TBV Ratio | 1.39 | 2.00 | 2.43 | 2.41 | 2.70 | 4.07 |
| P/FCF Ratio | 5.85 | 5.92 | 9.71 | 9.77 | 9.54 | 9.11 |
| P/OCF Ratio | 5.81 | 5.88 | 9.69 | 9.62 | 9.26 | 9.00 |
| EV/Sales Ratio | 0.28 | 0.61 | 1.16 | 1.12 | 1.26 | 1.81 |
| EV/EBITDA Ratio | 1.64 | 5.05 | 5.43 | 4.89 | 4.75 | 6.78 |
| EV/EBIT Ratio | 1.77 | 5.70 | 5.66 | 5.09 | 4.92 | 6.97 |
| EV/FCF Ratio | 1.75 | 3.00 | 6.04 | 5.99 | 6.13 | 6.98 |
| Debt / Equity Ratio | 0.03 | 0.04 | 0.03 | 0.03 | 0.04 | 0.06 |
| Debt / EBITDA Ratio | 0.24 | 0.39 | 0.18 | 0.13 | 0.15 | 0.21 |
| Debt / FCF Ratio | 0.26 | 0.23 | 0.20 | 0.16 | 0.20 | 0.22 |
| Net Debt / Equity Ratio | -0.53 | -0.55 | -0.61 | -0.65 | -0.70 | -0.72 |
| Net Debt / EBITDA Ratio | -3.83 | -5.36 | -3.27 | -3.23 | -2.90 | -2.42 |
| Net Debt / FCF Ratio | -4.10 | -3.19 | -3.64 | -3.96 | -3.75 | -2.49 |
| Asset Turnover | 0.66 | 0.64 | 0.69 | 0.68 | 0.66 | 0.80 |
| Quick Ratio | 4.35 | 3.66 | 5.65 | 4.30 | 3.87 | 3.60 |
| Current Ratio | 4.66 | 3.83 | 5.78 | 4.41 | 3.92 | 3.64 |
| Return on Equity (ROE) | 14.38% | 11.00% | 18.98% | 21.40% | 22.25% | 25.39% |
| Return on Assets (ROA) | 6.46% | 4.28% | 8.78% | 9.37% | 10.64% | 13.02% |
| Return on Invested Capital (ROIC) | 25.73% | 19.84% | 45.63% | 56.42% | 74.53% | 80.37% |
| Return on Capital Employed (ROCE) | 11.60% | 8.00% | 16.00% | 17.50% | 20.80% | 24.80% |
| Earnings Yield | 18.18% | 11.12% | 11.61% | 13.10% | 12.52% | 9.58% |
| FCF Yield | 17.09% | 16.90% | 10.29% | 10.23% | 10.49% | 10.97% |
| Dividend Yield | 11.24% | 12.28% | 11.44% | 8.40% | ||
| Payout Ratio | 172.89% | 105.14% | 93.65% | 98.87% | 87.39% | |
| Buyback Yield / Dilution | 0.63% | -0.23% | -0.54% | -0.36% | -0.63% | -0.66% |
| Total Shareholder Return | 0.63% | -0.23% | 10.70% | 11.92% | 10.81% | 7.74% |