Mynd.ai, Inc. income statement MYND

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Mynd.ai, Inc. reported revenue of $167.9 million, down 37.2% from the year before. It recorded a net loss of $54.1 million. The operating loss came to $50.1 million, an operating margin of -29.8%. Diluted earnings per share were -$0.12. Across the 9 fiscal years shown, revenue grew from $140.8 million in fiscal 2017 to $167.9 million in fiscal 2025, about 2.2% a year.

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

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017
Revenue	168 -37.2%	267 -35.1%	412 +723.3%	50 -3.6%	52 +22.3%	42 -76.7%	182 +16.5%	156 +11.1%	141
Cost of revenue	133 -34.1%	201 -35.4%	311 -29.8%	444 +43.5%	309 +611.7%	43 -72.1%	156 +18.9%	131 +17.6%	111
Gross profit	35 -46.7%	66 -34.1%	100 -28.8%	141 +1.5%	139 +13711.2%	-1 -103.8%	27 +4.3%	26 -13.2%	30
Research and development	13 -49.2%	25 -27.0%	35	—	—	—	—	—	—
Selling, general and administrative	65 -13.4%	76 -8.4%	82 +125.6%	37 +11.6%	33 +76.7%	19 -30.3%	27 -7.3%	29 +41.9%	20
Restructuring and impairment	7 +95.8%	3 -65.8%	10	—	—	—	—	—	—
Operating income	-50 -31.7%	-38 +17.4%	-46 -1442.0%	3 -69.0%	11 +137.2%	-30 -18006.6%	0 +105.5%	-3 -132.4%	9
Other income (expense)	-4 -290.1%	2 +195.3%	-2	—	—	—	—	—	—
Pretax income	-54 -52.3%	-36 +26.2%	-48 +38.2%	-78 -368.5%	-17 +40.4%	-28 -1493.6%	2 +94.3%	1 -90.2%	11
Income tax	-0 -100.6%	69 +811.7%	-10 +62.8%	-26 -1553.9%	2 +224.5%	-1 -140.5%	4 +44.0%	2 -35.5%	4
Net income	-54 +43.5%	-96 -142.8%	-39	—	—	—	—	—	7
Basic EPS	-0.12 +42.9%	-0.21 -133.3%	-0.09 -280.0%	0.05	0.00	—	-0.09 -50.0%	-0.06 -120.7%	0.29
Diluted EPS	-0.12 +42.9%	-0.21 -133.3%	-0.09 -280.0%	0.05	0.00	—	-0.09 -50.0%	-0.06 -122.2%	0.27
Weighted average shares, basic	457 +0.1%	456 +6.7%	428 +0.4%	426 +0.0%	426 +1416.3%	28 +0.2%	28 -3.9%	29 +18.1%	25
Weighted average shares, diluted	457 +0.1%	456 +6.7%	428 +0.4%	426 +0.0%	426 +1416.3%	28 +0.2%	28 -3.9%	29 +10.0%	27
Other measures
Depreciation and amortization	9 +57.9%	6 +14.6%	5 +459.4%	1 -13.3%	1 -88.9%	9 -0.6%	9 +23.5%	8 +23.5%	6
EBITDA	-41 -27.1%	-32 +21.3%	-41 -1050.7%	4 -64.3%	12 +159.0%	-20 -316.5%	9 +110.1%	5 -70.8%	15
Interest coverage	-4.98x	-3.67x	—	—	—	—	—	—	—
Margins
Gross margin	21.01%	24.77%	24.40%	282.09%	267.74%	-2.41%	14.67%	16.38%	20.97%
Operating margin	-29.83%	-14.23%	-11.18%	6.86%	21.32%	-70.06%	0.09%	-1.93%	6.63%
Pretax margin	-32.43%	-13.37%	-11.77%	-156.67%	-32.22%	-66.19%	1.11%	0.66%	7.52%
Profit margin	-32.20%	-35.80%	-9.58%	—	—	—	—	—	5.05%
EBITDA margin	-24.47%	-12.10%	-9.97%	8.64%	23.29%	-48.29%	5.19%	2.88%	10.96%
Effective tax rate	—	—	—	—	—	—	175.73%	237.13%	35.99%

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: Computer Peripheral Equipment, NEC (SIC 3577)
Listed as: MYND (NYSE)
Fiscal year ends: December 31
Incorporated in: Cayman Islands
Headquarters: Alpharetta, GA
SEC filer status: Non-accelerated filer
SEC CIK: 1708441
Former names: Gravitas Education Holdings, Inc. (until Dec 13, 2023); RYB Education, Inc. (until May 24, 2022)

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