MIND C.T.I. Ltd (MNDO) Income Statement
MNDO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMNDO revenue and net income
Where MNDO's revenue goes
2025Each bar shows an amount and its share of revenue. MNDO kept 13.4% of revenue as net income.
MNDO profit margins
MNDO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −9.3% | −3.3% | −3.6% | −0.7% |
| Gross profit | −7.6% | −4.8% | −4.1% | −2.1% |
| Operating income | −52.3% | −27.7% | −17.5% | −10.6% |
| Net income | −43.8% | −21.0% | −13.5% | −6.3% |
| EPS (diluted) | −45.5% | −21.7% | −15.6% | −7.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MNDO quarterly EPS vs estimates
Next report: November 11, 2026.
MNDO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.5M | $21.4M | $21.6M | $21.6M | $26.3M | $23.4M | $22.7M | $18.1M | $18.1M | $18.1M |
| Cost of revenue | $9.5M | $10.7M | $10.7M | $10.0M | $12.4M | $11.2M | $10.1M | $6.1M | $7.0M | $6.8M |
| Gross profit | $9.9M | $10.7M | $10.9M | $11.5M | $13.9M | $12.2M | $12.5M | $12.0M | $11.0M | $11.2M |
| Research & development | $4.1M | $3.4M | $3.5M | $3.5M | $4.0M | $4.0M | $4.2M | $3.7M | $3.4M | $3.5M |
| Sales, general & admin | $3.8M | $3.0M | $2.6M | $2.5M | $3.0M | $2.8M | $3.3M | $2.9M | $2.9M | $2.5M |
| Total operating expenses | $7.8M | $6.4M | $6.1M | $6.0M | $7.1M | $6.8M | $7.5M | $6.6M | $6.3M | $6.0M |
| Operating income | $2.1M | $4.4M | $4.7M | $5.5M | $6.8M | $5.5M | $5.0M | $5.3M | $4.7M | $5.2M |
| Interest income | $475,000 | $750,000 | $737,000 | $93,000 | $55,000 | $379,000 | $219,000 | $235,000 | $117,000 | $107,000 |
| Interest expense | — | $24,000 | $27,000 | $83,000 | $49,000 | $23,000 | $14,000 | $11,000 | $14,000 | $13,000 |
| Income before taxes | $2.8M | $5.0M | $5.5M | $5.6M | $6.9M | $5.8M | $5.5M | $5.6M | $6.2M | $5.4M |
| Income taxes | $163,000 | $334,000 | $359,000 | $330,000 | $936,000 | $459,000 | $458,000 | $438,000 | $597,000 | $1.2M |
| Net income | $2.6M | $4.6M | $5.2M | $5.3M | $5.9M | $5.4M | $5.1M | $5.1M | $5.6M | $4.2M |
| EBITDA | $3.0M | $5.2M | $5.7M | $5.9M | $7.1M | $6.1M | $5.7M | $5.7M | $6.3M | $5.5M |
| EPS (diluted) | $0.12 | $0.22 | $0.26 | $0.25 | $0.29 | $0.28 | $0.26 | $0.26 | $0.29 | $0.20 |
| Gross margin | 51.0% | 50.1% | 50.3% | 53.4% | 52.7% | 52.3% | 55.3% | 66.1% | 61.1% | 62.2% |
| Operating margin | 10.7% | 20.4% | 22.0% | 25.6% | 25.9% | 23.4% | 22.2% | 29.5% | 25.9% | 28.8% |
| Net margin | 13.4% | 21.6% | 23.9% | 24.5% | 22.6% | 23.0% | 22.3% | 28.3% | 31.1% | 23.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6M | $5.1M | $4.9M | $4.8M | $4.8M | $5.0M | $5.2M | $5.2M | $5.3M | $5.8M | $5.6M | $5.3M |
| Cost of revenue | $2.1M | $2.3M | $2.2M | $2.3M | $2.6M | $2.5M | $2.3M | $3.0M | $2.5M | $3.0M | $2.8M | $2.6M |
| Gross profit | $2.6M | $2.7M | $2.7M | $2.6M | $2.1M | $2.5M | $2.9M | $2.3M | $2.8M | $2.8M | $2.8M | $2.7M |
| Research & development | $1.0M | $992,000 | $1.1M | $1.1M | $995,000 | $894,000 | $827,000 | $841,000 | $841,000 | $882,000 | $868,000 | $865,000 |
| Sales, general & admin | $864,000 | $828,000 | $839,000 | $811,000 | $889,000 | $1.2M | $743,000 | $672,000 | $888,000 | $666,000 | $753,000 | $594,000 |
| Total operating expenses | $1.9M | $1.8M | $1.9M | $1.9M | $1.9M | $2.1M | $1.6M | $1.5M | $1.7M | $1.5M | $1.6M | $1.5M |
| Operating income | $690,000 | $920,000 | $806,000 | $644,000 | $266,000 | $370,000 | $1.3M | $743,000 | $1.1M | $1.2M | $1.2M | $1.2M |
| Interest income | $162,000 | $70,000 | $67,000 | $117,000 | $251,000 | $174,000 | $230,000 | $192,000 | $140,000 | $188,000 | — | $142,000 |
| Interest expense | — | — | — | — | — | — | $15,000 | — | — | — | $57,000 | $57,000 |
| Income before taxes | $852,000 | $990,000 | $945,000 | $761,000 | $517,000 | $544,000 | $1.4M | $935,000 | $1.2M | $1.4M | $1.5M | $1.4M |
| Income taxes | $77,000 | $122,000 | −$5,000 | $80,000 | $34,000 | $54,000 | $149,000 | $6,000 | $82,000 | $97,000 | $65,000 | $107,000 |
| Net income | $775,000 | $868,000 | $950,000 | $681,000 | $483,000 | $490,000 | $1.2M | $929,000 | $1.1M | $1.3M | $1.4M | $1.2M |
| EBITDA | $753,000 | $1.1M | $1.0M | $810,000 | $596,000 | $618,000 | $1.4M | $982,000 | $1.3M | $1.5M | $1.5M | $1.4M |
| EPS (diluted) | $0.04 | $0.04 | $0.05 | $0.03 | $0.02 | $0.02 | $0.06 | $0.04 | $0.05 | $0.07 | $0.07 | $0.06 |
| Gross margin | 55.4% | 53.9% | 55.4% | 52.9% | 45.2% | 50.2% | 55.6% | 43.3% | 53.1% | 48.4% | 49.5% | 50.8% |
| Operating margin | 15.0% | 18.1% | 16.5% | 13.4% | 5.6% | 7.4% | 25.4% | 14.3% | 20.3% | 21.6% | 20.6% | 23.1% |
| Net margin | 16.8% | 17.1% | 19.4% | 14.1% | 10.2% | 9.8% | 23.8% | 17.8% | 21.4% | 23.1% | 25.6% | 23.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MNDO's financial statements (latest annual report filed March 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MNDO financial results
In fiscal year 2025 (ended December 31, 2025), MIND C.T.I. reported revenue of $19.5 million, down 9.3% from the year before. It had net income of $2.6 million (down 43.8%), a net profit margin of 13.4%. Diluted earnings per share came to $0.12. Over five years revenue grew at an average rate of −3.6% a year.
See the MNDO stock overview for the latest quote and news, or the MNDO chart for price history and technical indicators.
MNDO income statement FAQ
What is MIND C.T.I.'s annual revenue?
MIND C.T.I. reported total revenue of $19.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 9.3% from $21.4 million the previous year.
Is MIND C.T.I. profitable?
Yes. MIND C.T.I. reported net income of $2.6 million in fiscal 2025, a net profit margin of 13.4%; its operating margin was 10.7%.
What is MIND C.T.I.'s gross margin?
MIND C.T.I.'s gross margin was 51.0% in fiscal 2025: for every $100 of revenue, MIND C.T.I. kept $51 after the direct cost of its products and services.
How much does MIND C.T.I. spend on research and development?
MIND C.T.I. spent $4.1 million on research and development in fiscal 2025, 20.8% of revenue.
How fast is MIND C.T.I. growing?
Revenue grew −3.6% a year on average over the last five fiscal years, from $23.4 million to $19.5 million.
What are MIND C.T.I.'s earnings per share?
MIND C.T.I. earned $0.12 per diluted share in fiscal 2025, compared with $0.22 a year earlier.
When will MIND C.T.I. report its next earnings?
MIND C.T.I. is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 before the market opens.
When does MIND C.T.I.'s fiscal year end?
MIND C.T.I.'s fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 18, 2026.