Mynd.ai, Inc. (MYND) Income Statement
MYND 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMYND revenue and net income
Where MYND's revenue goes
2025Each bar shows an amount and its share of revenue. MYND kept −32.2% of revenue as net income.
MYND profit margins
MYND growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −37.2% | −34.0% | +8.9% | +110.1% |
| Gross profit | −46.7% | −37.3% | — | +80.7% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MYND quarterly EPS vs estimates
Mynd.ai beat the analyst EPS estimate in 1 of the last 3 quarters.
MYND income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $167.9M | $267.4M | $413.6M | $584.7M | $52.0M | $109.7M | $182.3M | $156.5M | $140.8M | $108.5M |
| Cost of revenue | $132.6M | $201.1M | $310.4M | $440.8M | $309.2M | $116.9M | $155.5M | $130.9M | $111.3M | $91.6M |
| Gross profit | $35.3M | $66.2M | $103.1M | $143.0M | $139.0M | −$7.2M | $26.7M | $25.6M | $29.5M | $16.9M |
| Research & development | $12.8M | $25.3M | $34.6M | $41.5M | $35.6M | — | — | $1.4M | $1.4M | $794,200 |
| Sales, general & admin | $65.4M | $75.5M | $82.8M | $95.5M | $91.8M | — | — | $8.9M | $5.8M | $3.1M |
| Total operating expenses | $78.3M | $104.3M | $146.9M | $136.9M | $127.4M | $25.6M | $26.2M | $28.7M | $20.2M | $9.3M |
| Operating income | −$43.0M | −$38.0M | −$43.8M | $7.0M | $11.1M | −$32.8M | $582,000 | −$3.0M | $9.3M | $7.6M |
| Interest income | $827,000 | $2.7M | $223,000 | $6,000 | — | — | — | — | — | — |
| Interest expense | $10.1M | $10.4M | $4.7M | $1.8M | $173,000 | — | — | $0 | $0 | $0 |
| Income before taxes | −$54.5M | −$35.7M | −$46.2M | $9.9M | $8.6M | −$40.8M | $2.0M | $1.0M | $10.6M | $8.2M |
| Income taxes | −$384,000 | $68.7M | −$9.2M | −$25.3M | $1.8M | $215,000 | $3.5M | $2.5M | $3.8M | $2.2M |
| Net income | −$54.1M | −$95.8M | −$37.8M | $22.6M | −$1.1M | −$37.3M | −$2.4M | −$1.8M | $7.1M | $6.5M |
| EBITDA | −$35.4M | −$19.7M | −$36.4M | $16.3M | −$3.7M | −$29.1M | $13.5M | $9.1M | $15.4M | $12.4M |
| EPS (diluted) | −$0.04 | −$0.21 | −$4.87 | −$0.21 | −$1.10 | −$4.30 | −$0.81 | −$8.70 | −$10.39 | −$3.90 |
| Gross margin | 21.0% | 24.8% | 24.9% | 24.5% | 267.4% | −6.5% | 14.7% | 16.4% | 21.0% | 15.6% |
| Operating margin | −25.6% | −14.2% | −10.6% | 1.2% | 21.3% | −29.9% | 0.3% | −1.9% | 6.6% | 7.0% |
| Net margin | −32.2% | −35.8% | −9.1% | 3.9% | −2.1% | −34.0% | −1.3% | −1.1% | 5.1% | 6.0% |
| Dec '21 | Sep '21 | Jun '21 | Mar '19 | Dec '18 | Sep '18 | Jun '18 | Mar '18 | Dec '17 | Sep '17 | Jun '17 | Mar '17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.4M | $42.8M | $53.4M | $460,100 | $387,100 | $341,900 | $391,700 | $459,900 | $122,000 | $34,000 | $41,000 | $32,000 |
| Cost of revenue | $37.3M | $39.7M | $38.9M | $296,300 | $225,100 | $200,000 | $244,200 | $298,300 | $62,000 | $2.7M | $1.6M | $1.4M |
| Gross profit | $10.2M | $3.1M | $14.5M | $163,800 | $162,000 | $141,900 | $147,500 | $161,600 | $37,100 | $79,200 | $23,300 | −$46,000 |
| Research & development | — | — | — | $298,100 | $317,800 | $184,500 | $426,700 | $415,600 | $350,000 | $392,000 | $320,000 | $322,000 |
| Sales, general & admin | — | — | — | $2.5M | $2.5M | $1.9M | $2.6M | $2.4M | $2.4M | $4.6M | $3.5M | $3.4M |
| Total operating expenses | $5.5M | $5.7M | $5.9M | $3.1M | $3.1M | $2.3M | $3.3M | $3.1M | $2.4M | $7.2M | $0 | $0 |
| Operating income | $4.7M | −$2.7M | $8.6M | −$2.7M | −$2.7M | −$1.9M | −$2.9M | −$2.6M | −$2.3M | −$5.5M | −$4.5M | $4.3M |
| Interest expense | — | — | — | $23,400 | $22,900 | $24,000 | $23,800 | $24,800 | $14,000 | $1,000 | $2,000 | $2,000 |
| Income before taxes | $931,000 | −$2.4M | $9.6M | −$2.7M | −$2.7M | −$2.0M | −$2.9M | −$2.7M | −$2.8M | −$5.5M | −$4.5M | $4.3M |
| Income taxes | $1.0M | −$257,000 | $2.1M | $2,300 | $0 | $0 | −$1,900 | $1,900 | $0 | −$14,400 | $17,000 | $30,000 |
| Net income | $4.7M | −$2.2M | $6.2M | −$2.3M | −$2.4M | −$1.6M | −$2.6M | −$2.7M | −$2.8M | −$5.6M | −$4.4M | $4.3M |
| EBITDA | $7.4M | $564,000 | $11.8M | — | — | — | — | — | — | — | — | — |
| EPS (diluted) | $0.05 | −$0.57 | −$0.57 | — | — | — | — | — | — | — | — | — |
| Gross margin | 21.4% | 7.2% | 27.2% | 35.6% | 41.8% | 41.5% | 37.7% | 35.1% | 30.4% | 232.9% | 56.8% | −143.8% |
| Operating margin | 9.9% | −6.2% | 16.2% | −583.4% | −692.7% | −568.3% | −743.8% | −572.5% | −1,899.2% | −16,181.5% | −10,950.2% | 13,511.3% |
| Net margin | 9.8% | −5.2% | 11.6% | −490.9% | −614.2% | −478.8% | −665.0% | −578.3% | −2,269.9% | −16,399.4% | −10,745.4% | 13,465.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MYND's financial statements (latest annual report filed May 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MYND financial results
In fiscal year 2025 (ended December 31, 2025), Mynd.ai reported revenue of $167.9 million, down 37.2% from the year before. It had a net loss of $54.1 million, a net profit margin of −32.2%. Diluted earnings per share came to −$0.04. Over five years revenue grew at an average rate of 8.9% a year.
See the MYND stock overview for the latest quote and news, or the MYND chart for price history and technical indicators.
MYND income statement FAQ
What is Mynd.ai's annual revenue?
Mynd.ai reported total revenue of $167.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 37.2% from $267.4 million the previous year.
Is Mynd.ai profitable?
No. Mynd.ai reported a net loss of $54.1 million in fiscal 2025, a net profit margin of −32.2%; its operating margin was −25.6%.
What is Mynd.ai's gross margin?
Mynd.ai's gross margin was 21.0% in fiscal 2025: for every $100 of revenue, Mynd.ai kept $21 after the direct cost of its products and services.
How much does Mynd.ai spend on research and development?
Mynd.ai spent $12.8 million on research and development in fiscal 2025, 7.6% of revenue.
How fast is Mynd.ai growing?
Revenue grew 8.9% a year on average over the last five fiscal years, from $109.7 million to $167.9 million.
What are Mynd.ai's earnings per share?
Mynd.ai earned $-0.04 per diluted share in fiscal 2025, compared with $-0.21 a year earlier.
When does Mynd.ai's fiscal year end?
Mynd.ai's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 29, 2026.