Mind C.T.I. Ltd. (MNDO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 23	—	$0.07	—	—	$5.5M	—
Q4 22	—	$0.06	—	—	$5.4M	—
Q3 22	—	$0.06	—	—	$5.3M	—
Q2 22	—	$0.06	—	—	$5.2M	—
Q1 22	—	$0.07	—	—	$5.7M	—
Q4 21	—	$0.08	—	—	$6M	—
Q3 21	—	$0.07	—	—	$7M	—
Q2 21	—	$0.07	—	—	$7.2M	—
Q1 21	—	$0.07	—	—	$6.1M	—
Q4 20	—	$0.07	—	—	$5.8M	—
Q3 20	—	$0.07	—	—	$5.9M	—
Q2 20	—	$0.07	—	—	$5.6M	—
Q1 20	—	$0.06	—	—	$6M	—
Q4 19	—	$0.07	—	—	$6M	—
Q3 19	—	$0.06	—	—	$5.8M	—
Q2 19	—	$0.05	—	—	$5.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.13	—	—	$19.5M	—
FY24	—	$0.23	—	—	$21.4M	—
FY23	—	$0.26	—	—	$21.6M	—
FY22	—	$0.26	—	—	$21.6M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$18.1M	$18.1M	$18.1M	$22.7M	$23.4M	$26.3M	$21.6M	$21.6M	$21.4M	$19.5M
YoY change	-13.7%	+0.06%	+0.4%	+25%	+3.13%	+12.7%	-18.2%	+0.28%	-0.77%	-9.27%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	18.1M	18.1M	18.1M	22.7M	23.4M	26.3M	21.6M	21.6M	21.4M	19.5M
Cost of revenue	6.8M	7M	6.1M	10.1M	11.2M	12.4M	10M	10.7M	10.7M	9.5M
Gross profit	11.2M	11M	12M	12.5M	12.2M	13.9M	11.5M	10.9M	10.7M	—
Gross margin	62.2%	61.1%	66.1%	55.3%	52.3%	52.7%	53.4%	50.3%	50.1%	—
Research & development	3.5M	3.4M	3.7M	4.2M	4M	4M	3.5M	3.5M	3.4M	4.1M
Selling, general & administrative	2.7M	2.9M	2.9M	3.3M	2.8M	3M	2.5M	2.6M	3M	3.8M
Operating expenses	6.2M	6.3M	6.8M	7.5M	6.8M	7.1M	6M	6.1M	6.4M	7.8M
Operating income	5.2M	4.7M	5.3M	5M	5.5M	6.8M	5.5M	4.7M	4.4M	2.1M
Operating margin	28.8%	25.9%	29.5%	22.2%	23.4%	25.9%	25.6%	22%	20.4%	10.7%
Non-operating income, net	-71K	1.3M	-79K	113K	147K	-6K	-144K	58K	-148K	262K
Pretax income	5.4M	6.2M	5.6M	5.5M	5.8M	6.9M	5.6M	5.5M	5M	2.8M
Income tax	1.2M	597K	438K	458K	459K	936K	330K	359K	334K	163K
Net income	4.2M	5.6M	5.1M	5.1M	5.4M	5.9M	5.3M	5.2M	4.6M	2.6M
Net margin	23.3%	31.1%	28.3%	22.3%	23%	22.6%	24.5%	23.9%	21.6%	13.4%
EBITDA	5.4M	3.5M	5.5M	5.1M	5.9M	7M	5.9M	4.9M	4.7M	2.1M
EPS	0.22	0.29	0.27	0.26	0.27	0.3	0.26	0.26	0.23	0.13
Diluted EPS	0.22	0.29	0.27	0.25	0.27	0.29	0.26	0.25	0.22	0.13

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	5.3M	5.6M	5.8M	5.3M	5.2M	5.2M	5M	4.8M	4.8M	4.9M	5.1M	4.6M
Cost of revenue	2.6M	2.8M	3M	2.5M	3M	2.3M	2.5M	2.6M	2.3M	2.2M	2.3M	2.1M
Gross profit	2.7M	2.8M	2.8M	2.8M	2.3M	2.9M	2.5M	—	—	—	—	2.6M
Gross margin	50.8%	49.5%	48.4%	53.1%	43.3%	55.6%	50.2%	—	—	—	—	55.4%
Research & development	865K	868K	882K	841K	841K	827K	894K	995K	1.1M	1.1M	992K	1M
Selling, general & administrative	594K	753K	666K	888K	672K	743K	1.2M	889K	811K	839K	828K	864K
Operating expenses	1.5M	1.6M	1.5M	1.7M	1.5M	1.6M	2.1M	1.9M	1.9M	1.9M	1.8M	1.9M
Operating income	1.2M	1.2M	1.2M	1.1M	743K	1.3M	370K	266K	644K	806K	920K	690K
Operating margin	23.1%	20.6%	21.6%	20.3%	14.3%	25.4%	7.41%	5.6%	13.4%	16.5%	18.1%	15%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	1.4M	1.5M	1.4M	1.2M	935K	1.4M	544K	517K	761K	945K	990K	852K
Income tax	107K	65K	97K	82K	6K	149K	54K	34K	80K	-5K	122K	77K
Net income	1.3M	1.4M	1.3M	1.1M	929K	1.2M	490K	483K	681K	950K	868K	775K
Net margin	23.7%	25.6%	23.1%	21.4%	17.8%	23.8%	9.81%	10.2%	14.1%	19.4%	17.1%	16.8%
EBITDA	1.3M	1.2M	1.3M	1.1M	790K	1.4M	444K	345K	693K	874K	989K	753K
EPS	0.06	0.06	0.07	0.06	0.05	0.06	0.02	0.02	0.03	0.05	0.04	0.04
Diluted EPS	0.06	0.06	0.07	0.05	0.04	0.06	0.02	0.02	0.03	0.05	0.04	0.04

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	47.3M	53.4M	44.1M	47.6M	51.6M	62.2M	42.2M	39.5M	40.2M	23.5M	20.2M
Enterprise value	28.3M	36.4M	28.3M	33.7M	36.4M	45.2M	25.6M	23.6M	25.3M	10.9M	7.5M
Shares outstanding	19.2M	19.3M	19.3M	19.7M	19.9M	20M	20.1M	20.2M	20.3M	20.5M	20.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	11.3	9.52	8.59	9.4	9.58	10.5	7.98	7.65	8.68	9.04	6.25
P/S	2.62	2.96	2.43	2.1	2.21	2.36	1.96	1.83	1.87	1.21	1.04
P/B	2.22	2.54	2.1	2.17	2.23	2.62	1.77	1.61	1.65	1.02	0.84
EV/EBITDA	5.21	10.4	5.13	6.63	6.17	6.44	4.37	4.82	5.36	5.21	2.26
EV/Sales	1.57	2.02	1.56	1.49	1.56	1.72	1.19	1.09	1.18	0.56	0.39
Earnings yield	8.88%	10.5%	11.6%	10.6%	10.4%	9.56%	12.5%	13.1%	11.5%	11.1%	16%
FCF yield	10.9%	5.01%	10%	13.9%	12.5%	11%	10.5%	10.2%	10.2%	16.8%	8.44%
PEG	—	—	—	—	—	—	—	—	—	—	0.06

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	62.2%	61.1%	66.1%	55.3%	52.3%	52.7%	53.4%	50.3%	50.1%	—	55.4%
Operating margin	28.8%	25.9%	29.5%	22.2%	23.4%	25.9%	25.6%	22%	20.4%	10.7%	15%
Net margin	23.3%	31.1%	28.3%	22.3%	23%	22.6%	24.5%	23.9%	21.6%	13.4%	16.9%
ROE	19.7%	26.7%	24.5%	23.1%	23.3%	25.1%	22.2%	21.1%	19.1%	11.3%	14.4%
ROA	14.5%	20.5%	19.8%	16.3%	16.6%	17.9%	16.7%	16.3%	15.1%	8.63%	6.46%
ROIC	176.9%	105.1%	95.2%	57.6%	63.4%	87.5%	72.1%	52.1%	43.6%	18.8%	24.8%
Return on tangible assets	23.2%	34%	34%	36.8%	36.5%	36.6%	34.3%	33.7%	30.9%	34.8%	41.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.84	4.31	5.44	3.14	3.49	3.64	3.92	4.41	5.78	3.83	4.66
Quick ratio	3.84	4.31	5.44	3.14	3.49	3.64	3.92	4.41	5.78	3.83	4.66
Debt / equity	—	—	0	0.06	0.08	0.06	0.04	0.03	0.03	0.04	0.03
Debt / assets	—	—	0	0.04	0.06	0.04	0.03	0.02	0.03	0.03	0.03
Net debt / EBITDA	—	—	-2.87	-2.74	-2.57	-2.42	-2.83	-3.27	-3.17	-6.03	-3.83
Interest coverage	62	334.7	486.4	—	—	—	92.1	—	—	—	—
Effective tax rate	21.8%	9.62%	7.86%	8.29%	7.86%	13.6%	5.88%	6.5%	6.73%	5.89%	7.72%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0.94	0.94	0.94	1.15	1.17	1.32	1.07	1.07	1.06	0.95	0.95
EPS (basic)	0.22	0.29	0.27	0.26	0.27	0.3	0.26	0.26	0.23	0.13	0.13
EPS (diluted)	0.22	0.29	0.27	0.25	0.27	0.29	0.26	0.25	0.22	0.13	0.16
Book value per share	1.11	1.09	1.08	1.11	1.16	1.19	1.18	1.21	1.2	1.13	1.2
FCF per share	0.27	0.14	0.23	0.34	0.32	0.34	0.22	0.2	0.2	0.19	0.15
Cash per share	0.99	0.88	0.82	0.77	0.85	0.92	0.87	0.82	0.78	0.66	0.67
Capex per share	0	0	0	0	0	0	0.01	0	0	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.38%	0.39%	0.25%	0.23%	0.29%	0.3%	0.6%	0.3%	0.05%	—	—
Capex / operating cash flow	1.1%	1.77%	1.27%	0.77%	1.03%	1.18%	2.88%	1.53%	0.25%	—	—
Payout ratio	123.5%	110%	113%	99.9%	88.7%	87.4%	98.9%	93.7%	105.1%	172.9%	0%
Dividend yield	11%	11.6%	13.1%	10.6%	9.26%	8.35%	12.4%	12.2%	12.1%	19.1%	87.6%

Yield

87.6%

trailing twelve months

Frequency

Annual

Last dividend

$0.22

ex-dividend Mar 25, 2025

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Mar 25, 2025	$0.22
Mar 19, 2024	$0.24
Mar 21, 2023	$0.24
Mar 23, 2022	$0.26
Mar 17, 2021	$0.26
Mar 24, 2020	$0.24
Mar 15, 2019	$0.26
Mar 7, 2018	$0.30

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$5.3M	$5.6M	$5.8M	$5.3M	$5.2M	$5.2M	$5M	$4.8M	$4.8M	$4.9M	$5.1M	$4.6M
YoY change	+0.19%	+4.49%	+5.07%	+0.42%	-1.06%	-7.31%	-13.3%	-9.9%	-7.39%	-6.02%	+1.78%	-2.97%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	19M	17M	15.8M	15.2M	17M	18.5M	17.5M	16.6M	15.8M	13.6M
Receivables	1.1M	1.2M	2.1M	3.1M	2.1M	1.8M	2.4M	2.3M	2.5M	1.7M
Inventory	5K	4K	4K	4K	—	—	—	—	—	—
Total current assets	20.6M	19.4M	18.7M	19.1M	19.7M	20.5M	20.3M	19.7M	18.9M	16.1M
Property, plant & equipment	498K	202K	164K	1.5M	1.9M	1.6M	1.2M	216K	156K	126K
Goodwill & intangibles	10.9M	10.9M	10.9M	17.3M	17.7M	16.9M	16.3M	16.3M	15.7M	22.7M
Total assets	29M	27.4M	26M	31.1M	32.4M	33.1M	31.7M	31.6M	30.7M	30.2M
Accounts payable	51K	113K	147K	2.1M	1.3M	839K	937K	989K	769K	546K
Short-term debt	—	—	—	292K	346K	376K	271K	218K	188K	255K
Total current liabilities	5.4M	4.5M	3.4M	6.1M	5.6M	5.6M	5.2M	4.5M	3.3M	4.2M
Long-term debt	—	—	0	983K	1.5M	1.1M	615K	424K	637K	674K
Total liabilities	7.7M	6.4M	5M	9.2M	9.3M	9.4M	7.9M	7.1M	6.4M	7.1M
Shareholders' equity	21.3M	21M	21M	21.9M	23.1M	23.7M	23.8M	24.5M	24.3M	23M
Total debt	—	—	0	1.3M	1.8M	1.5M	886K	642K	825K	929K
Net debt	—	—	-2.7M	-5.2M	-6.4M	-2.7M	-4.4M	-2.3M	-3.6M	-7.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	15.9M	16.6M	17.5M	14.6M	15.5M	15.8M	—	—	12.5M	13.6M	14M	13.5M
Receivables	1.8M	2.3M	2.6M	2.1M	2.2M	2.5M	—	—	2M	1.7M	2.2M	2.1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	18.6M	19.7M	21M	17.6M	18.4M	18.9M	—	—	15.3M	16.1M	17M	16.6M
Property, plant & equipment	971K	216K	815K	727K	675K	156K	—	—	1.1M	126K	110K	101K
Goodwill & intangibles	16.1M	16.3M	16.1M	16M	16.2M	15.7M	—	—	22.8M	22.7M	22.3M	22.1M
Total assets	30.4M	31.6M	32.7M	29M	29.8M	30.7M	—	—	29.4M	30.2M	30.6M	30.1M
Accounts payable	782K	989K	1.1M	710K	583K	769K	—	—	667K	546K	702K	418K
Short-term debt	253K	218K	185K	146K	132K	188K	—	—	312K	255K	257K	268K
Total current liabilities	5M	4.5M	9.2M	4.2M	3.9M	3.3M	—	—	4.3M	4.2M	4.4M	3.6M
Long-term debt	419K	424K	381K	347K	327K	637K	—	—	649K	674K	597K	530K
Total liabilities	7.5M	7.1M	11.8M	6.9M	6.6M	6.4M	—	—	7.2M	7.1M	7M	6M
Shareholders' equity	22.9M	24.5M	20.9M	22.1M	23.2M	24.3M	—	—	22.2M	23M	23.7M	24.1M
Total debt	672K	642K	566K	493K	459K	825K	—	—	961K	929K	854K	798K
Net debt	-1.9M	-2.3M	-4.2M	-2.7M	-2.3M	-3.6M	—	—	-4.2M	-7.2M	-2.8M	-2.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	4.2M	5.6M	5.1M	5.1M	5.4M	5.9M	5.3M	5.2M	4.6M	2.6M
Depreciation & amortization	161K	104K	84K	151K	200K	194K	193K	196K	186K	270K
Stock-based compensation	136K	182K	224K	200K	213K	171K	258K	281K	252K	199K
Change in working capital	1.7M	-1.8M	-1.9M	1.3M	834K	455K	-1.2M	-1.5M	-1M	1.1M
Operating cash flow	6.2M	4M	3.6M	6.8M	6.6M	6.7M	4.5M	4.2M	4M	4M
Capital expenditure	-68K	-71K	-46K	-52K	-68K	-79K	-130K	-64K	-10K	—
Investing cash flow	-2.4M	-451K	-917K	2M	-34K	-5.7M	1.8M	-117K	2.3M	4.3M
Dividends paid	-5.2M	-6.2M	-5.8M	-5.1M	-4.8M	-5.2M	-5.2M	-4.8M	-4.9M	-4.5M
Share repurchases	—	—	—	—	—	—	—	—	—	-130K
Financing cash flow	-5.2M	-6.2M	-5.8M	-5.1M	-4.8M	-5.2M	-5.2M	-4.8M	-4.9M	-4.6M
Net change in cash	-1.5M	-2.6M	-3.1M	3.7M	1.8M	-4.2M	1.1M	-786K	1.4M	3.7M
Free cash flow	5.2M	2.7M	4.4M	6.6M	6.4M	6.8M	4.4M	4M	4.1M	4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	681K	950K	868K	775K
Depreciation & amortization	—	—	—	—	—	—	—	—	49K	68K	69K	63K
Stock-based compensation	—	—	—	—	—	—	—	—	47K	45K	39K	37K
Change in working capital	2K	-412K	-237K	653K	-40K	-380K	672K	-18K	342K	116K	-331K	-774K
Operating cash flow	2K	-412K	-237K	653K	-40K	-380K	672K	-18K	1.2M	1.2M	608K	124K
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	-10K	-10K	-6K	-387K
Dividends paid	—	—	—	—	—	—	—	—	0	0	—	0
Share repurchases	—	—	—	—	—	—	—	—	—	—	-192K	-350K
Financing cash flow	—	—	—	—	—	—	—	—	0	0	-192K	-350K
Net change in cash	2K	-412K	-237K	653K	-40K	-380K	672K	-18K	1.2M	1.2M	410K	-613K
Free cash flow	—	—	—	—	—	—	—	—	1.2M	1.2M	606K	123K

Mind C.T.I. Ltd. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement