MindForge Inc. income statement MF

Annual Quarterly

In fiscal 2026, which ended Jun 30, 2026, MindForge Inc. reported revenue of $14.9 million, down 49.9% from the year before. It recorded a net loss of $33.1 million. The operating loss came to $14.6 million, an operating margin of -98.2%.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Jun 30, 2025	FY 2024 Jun 30, 2024
Revenue	15 -49.9%	30 -42.5%	52
Cost of revenue	15 -49.2%	29 -42.2%	51
Gross profit	-0 -132.1%	0 -63.8%	1
Research and development	1	—	—
Selling, general and administrative	2 +77.1%	1 -27.0%	2
Operating income	-15 -369.8%	-3 -255.8%	-1
Interest income	0 -99.1%	0 -14.8%	0
Interest expense	0 -97.9%	0 +160.0%	0
Other non-operating income (expense)	0 -99.8%	0	—
Other income (expense)	-19 -12385.0%	0 -43.3%	0
Equity in earnings of affiliates	-0 -1760.2%	-0	—
Pretax income	-33 -1022.5%	-3 -387.5%	-1
Income tax	-0 +78.4%	-0 -265.7%	0
Net income	-33 -1118.0%	-3 -263.2%	-1
Basic EPS	—	-9.32 +21.4%	-11.86
Diluted EPS	—	-9.32 +21.4%	-11.86
Weighted average shares, basic	—	0 +362.2%	0
Weighted average shares, diluted	—	0 +362.2%	0
Other measures
Depreciation and amortization	0 +1714.9%	0 +61.3%	0
EBITDA	-14 -364.7%	-3 -257.4%	-1
Interest coverage	-20,934.32x	-92.81x	-67.83x
Margins
Gross margin	-0.54%	0.85%	1.35%
Operating margin	-98.21%	-10.47%	-1.69%
Pretax margin	-223.22%	-9.96%	-1.17%
Profit margin	-222.88%	-9.16%	-1.45%
EBITDA margin	-96.77%	-10.43%	-1.68%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry: Services-Computer Programming, Data Processing, Etc. (SIC 7370)
Listed as: MF (Nasdaq)
Fiscal year ends: June 30
Incorporated in: Cayman Islands
Headquarters: Beijing
SEC filer status: Non-accelerated filer, Emerging growth company
SEC CIK: 1888525
Former names: U-BX Technology Ltd. (until May 27, 2026)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.