Mynd.ai, Inc. (MYND) AI Stock Analysis
MYND AI stock analysis summary
AI ResearchMynd.ai, Inc. (MYND) is a provider of interactive technology hardware and software solutions for learning and training spaces. In FY2025, revenue fell 37.2% to $167.9M, accompanied by a net loss of -$54.1M and free cash flow of -$48.1M. The company holds $7.0M in cash against $66.6M in total debt as of June 30, 2026.
- Market cap
- $12.3M
- Revenue (TTM)
- $152.0M
- P/E
- —
- 1Y return
- -63.4% S&P 500 16.8%
- Avg. target
- $4.75 1726.9% vs last close
Bull case
- Mynd.ai maintains a global distribution presence with deployments in approximately 1 million learning and training spaces across 126 countries.
- The stock trades at a price-to-sales multiple of 0.1x, below the 0.7x median of its US-listed Consumer Defensive peers.
- Wall Street analysts have set a mean price target of $4.75, which stands 1726.9% above the last closing price of $0.26.
Bear case
- Revenue fell 37.2% in FY2025 to $167.9M, continuing annual sales contractions from $584.7M in FY2022.
- The company generated negative free cash flow of -$48.1M in FY2025, while cash and short-term investments stood at $7.0M as of June 30, 2026.
- The balance sheet carries $66.6M in total debt, negative shareholders' equity of -$36.7M, and a current ratio of 0.63.
What Mynd.ai does
Mynd.ai, Inc., headquartered in Beijing, China, specializes in interactive technology solutions encompassing both hardware and software offerings. Originally founded in 1998 as Gravitas Education Holdings, Inc. and rebranded as Mynd.ai, Inc. in December 2023, the company enables dynamic content creation, teaching and learning experiences, and real-time collaboration tools. Its interactive displays and software are deployed in approximately 1 million learning and training spaces across 126 countries. The company reaches educational institutions and corporate enterprises through a global distribution network of around 4,000 reseller partners supported by dedicated sales and technical support teams.
Growth and profitability
Revenue grew from $52.0M in FY2021 to $584.7M in FY2022, but subsequently declined to $413.6M in FY2023, $267.4M in FY2024, and $167.9M in FY2025. Revenue decreased 37.2% in FY2025 following a 35.3% reduction in FY2024. Gross margin compressed from 24.8% in FY2024 to 21.0% in FY2025, while operating margin fell to -25.6%. Net income was -$54.1M in FY2025 compared to -$95.8M in FY2024. Over the trailing twelve months, revenue reached $152.0M, with quarterly revenue growth falling 17.8% year-over-year. Operating cash flow decreased from $786,000 in FY2024 to -$45.5M in FY2025, while research and development expense fell to $12.8M.
Balance sheet and cash flow
As of June 30, 2026, Mynd.ai held $7.0M in cash and short-term investments and $66.6M in total debt, resulting in net debt of $59.6M. Total assets stood at $164.3M against negative shareholders' equity of -$36.7M, alongside a current ratio of 0.63. Operating cash flow in FY2025 was -$45.5M and free cash flow was -$48.1M. In FY2025, capital expenditures were $2.6M and share buybacks were $110,000, while the company experienced a 5-year share count change of 163596.6%.
Valuation and performance
Mynd.ai carries an enterprise value of $76.4M and a market cap of $12.3M. Its price-to-sales ratio is 0.1x, below the 0.7x median of its US-listed Consumer Defensive peers. Its EV-to-EBITDA multiple stands at 14.3x, compared to the peer median of 11.7x, while its EV-to-revenue multiple is 0.5x and price-to-book is 2.2x. Over the past year, MYND shares declined 63.4%, compared to a 16.8% return for the S&P 500 (SPY). Over 5 years, the stock fell 98.5% while the S&P 500 gained 83.0%.
What analysts expect
Wall Street analysts report a mean price target of $4.75 for Mynd.ai, which is 1726.9% above its last close of $0.26 on October 16, 2026. The company recorded 0 EPS beats over the last 4 quarters. Trailing twelve months EPS is -$1.00, following an annual EPS of -$0.04 in FY2025 and -$4.87 in FY2023.
Key risks and what to watch
- Net debt reached $59.6M as of June 30, 2026, driven by total debt of $66.6M exceeding cash and short-term investments of $7.0M.
- Operating margin deteriorated to -25.6% in FY2025 and remained negative at -17.7% over the trailing twelve months.
- The stock exhibits high market volatility with a beta of 4.26 and a 5-year share count change of 163596.6%.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this MYND AI stock analysis
This page is an AI-written research summary of Mynd.ai, Inc. (MYND). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: MYND income statement, MYND balance sheet, MYND key metrics, MYND chart. See the MYND stock overview for the latest quote and news.
MYND AI stock analysis FAQ
What is Mynd.ai's current valuation?
As of October 16, 2026, Mynd.ai has a market cap of $12.3M and an enterprise value of $76.4M. It trades at a price-to-sales multiple of 0.1x and an EV-to-EBITDA multiple of 14.3x.
Does Mynd.ai pay a dividend?
No, Mynd.ai does not pay a dividend. In FY2025, the company generated free cash flow of -$48.1M.
What price targets do analysts have for MYND stock?
Analysts maintain a mean price target of $4.75, which is 1726.9% above the last close of $0.26. The company had 0 EPS beats over the last 4 quarters.
What is Mynd.ai's debt position?
As of June 30, 2026, Mynd.ai held $66.6M in total debt against $7.0M in cash and short-term investments, resulting in net debt of $59.6M and negative shareholders' equity of -$36.7M.