MindForge Inc. (MF) Key Metrics
MF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $20.0M
- Enterprise value
- $13.5M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.8
- Price / book
- 0.7
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- −5.03
MF key metrics, FY2020–FY2025
Fiscal year ended June 30, 2025 · U.S. dollarsMF returns How much profit the business earns on the capital it uses.
MF financial health Debt, liquidity and how easily interest is covered.
MF efficiency & capital use Working capital cycle and where the cash goes.
MF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MF cash returned to shareholders
MF key metrics
FY2020–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Share price at fiscal year-end | $69.27 | $2,908.00 | — | — | — | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | −16.5% | −10.0% | 20.8% | −9.9% | −2.2% | −31.4% |
| Return on invested capital (ROIC) | −27.3% | −14.3% | — | — | — | −68.7% |
| Return on assets (ROA) | −14.4% | −6.9% | 1.5% | −0.4% | −0.2% | −4.3% |
| Return on tangible assets | −13.0% | −4.5% | 4.2% | −0.2% | −0.4% | −4.3% |
| Free cash flow margin | −29.0% | −2.6% | −0.3% | 0.4% | 1.4% | −0.1% |
| Income quality (OCF / net income) | — | — | −1.38 | — | — | — |
| Financial health | ||||||
| Total debt | $397,291 | $716,535 | $138,393 | — | — | $478,989 |
| Cash & short-term investments | $11.2M | $4.8M | $1.3M | $1.5M | $788,964 | $948,605 |
| Net debt | −$10.8M | −$4.1M | −$1.2M | −$1.5M | −$788,964 | −$469,616 |
| Debt / equity | 0.02 | 0.05 | 0.13 | — | — | 0.61 |
| Debt / assets | 0.02 | 0.04 | 0.03 | — | — | 0.08 |
| Net debt / EBITDA | — | — | −4.67 | −6.74 | −3.41 | — |
| Current ratio | 10.24 | 5.75 | 1.22 | 1.02 | 1.03 | 1.16 |
| Quick ratio | 10.24 | 5.75 | 1.22 | 1.02 | 1.03 | 1.16 |
| Interest coverage | -92.8 | -67.8 | 121.3 | — | -26.1 | -28.2 |
| Working capital | $13.6M | $13.8M | $821,398 | $434,938 | $71,332 | $782,333 |
| Invested capital | $8.2M | $9.8M | −$84,234 | −$607,771 | −$713,471 | $315,987 |
| Tangible asset value | $19.0M | $13.9M | $1.1M | $910,935 | $75,493 | $785,603 |
| Net current asset value | $13.1M | $13.8M | $821,398 | $434,938 | $71,332 | $782,333 |
| Capital allocation | ||||||
| Share buybacks (net) | — | — | — | — | $754,455 | — |
| Dividends + buybacks / free cash flow | — | — | — | — | 73.8% | — |
| Capex / revenue | 19.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | — | — | — | 0.8% | 0.2% | — |
| Capex / depreciation | 301.55 | 1.10 | 1.32 | 1.63 | 1.37 | 1.70 |
| SG&A / revenue | — | 3.0% | 1.5% | 1.6% | 1.5% | 0.8% |
| Efficiency | ||||||
| Days sales outstanding | 3.8 | 2.3 | 1.1 | 2.9 | 7.2 | 10.5 |
| Days payables outstanding | 5.7 | 4.6 | 1.7 | 4.2 | 4.2 | 0.0 |
| Cash conversion cycle (days) | -1.9 | -2.3 | -0.6 | -1.3 | 3.0 | 10.5 |
| Receivables turnover | 95.21 | 156.11 | 344.69 | 126.59 | 50.58 | 34.69 |
| Payables turnover | 64.00 | 78.82 | 216.58 | 87.73 | 85.90 | 72,310.72 |
| Asset turnover | 1.57 | 4.77 | 6.80 | 6.83 | 17.52 | 10.62 |
| Average receivables | $311,666 | $330,544 | $273,632 | $684,732 | $1.4M | $1.8M |
| Average payables | $459,750 | $645,874 | $428,042 | $971,184 | $830,376 | $848 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from MF's annual financial statements (latest annual report filed October 24, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MF valuation and financial ratios
MindForge earned a return on equity of −16.5% and a return on invested capital of −27.3% in fiscal 2025. It ended the year with $0.4 million of debt and $11.2 million in cash and short-term investments, a net cash position of $10.8 million.
See the MF income statement, the MF chart for price history, or the MF stock overview for the latest quote and news.
MF key metrics FAQ
What is MindForge's return on equity?
MindForge's return on equity (ROE) was −16.5% in fiscal 2025: net income of -$2.7 million on average shareholders' equity of $16.4 million.
What is MindForge's ROIC?
MindForge's return on invested capital was −27.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does MindForge have?
MindForge had total debt of $0.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
What is MindForge's current ratio?
MindForge's current ratio was 10.24 at the end of fiscal 2025: current assets were 10.24 times current liabilities.