← Mynd.ai, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss | $5.9m | $6.5m | ($1.7m) | ($2.2m) | ($41.2m) | $3.5m | ($45.9m) | ($37.8m) | ($95.8m) | ($54.1m) | — | |
| Net loss from continuing operations | — | — | — | — | — | — | $33.1m | ($38.8m) | ($104.5m) | ($54.1m) | — | |
| Net Income (Loss) Attributable to Parent | $6.5m |
$7.1m
+9.38%
|
($1.8m)
-125.14%
|
($2.4m)
-36.05%
|
($37.3m)
-1431.64%
|
$6.8m
+118.21%
|
($22.2m)
-426.51%
|
($37.9m)
-70.79%
|
($95.7m)
-152.80%
|
($54.1m)
+43.51%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $5.9m | $6.5m | ($1.7m) | ($2.2m) | ($41.2m) | $3.5m | ($24.6m) | ($37.8m) | ($95.8m) | ($54.1m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($618k) | ($574k) | ($93k) | $387k | ($3.9m) | $189k | ($2.5m) | — | ($33k) | $0 | — | |
| Depreciation, Depletion and Amortization | — | — | — | — | — | $6.1m | $4.5m | $5.1m | $5.7m | $9.0m | $9.0m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | — | — | $156k | — | — | — | |
| Amortization of Intangible Assets | — | — | $529k | $2.2m | $2.4m | $2.5m | $1.1m | $4.2m | $4.2m | — | — | |
| Depreciation | $4.8m | $6.1m | $7.5m | $9.3m | $9.2m | $10.6m | $971k | $901k | $5.7m | $9.0m | $9.0m | |
| Amortization of RDEC credit | — | — | — | — | — | ($134k) | ($460k) | ($839k) | ($1.2m) | ($1.9m) | — | |
| Deferred Income Tax Expense (Benefit) | ($1.7m) | ($5.5m) | ($3.9m) | ($2.5m) | ($3.2m) | ($1.3m) | ($808k) | ($10.3m) | $67.7m | ($807k) | ($807k) | |
| Deferred taxes | — | — | ($3.9m) | ($2.5m) | ($3.2m) | ($1.3m) | $1.1m | ($10.3m) | $67.7m | ($807k) | — | |
| Share-based Payment Arrangement, Noncash Expense | — | $4.0m | $6.7m | $4.0m | $2.9m | $2.0m | $272k | — | $3.7m | $2.9m | $2.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | — | $221k | — | |
| Share-based Payment Arrangement, Expense | $0 | $4.0m | $4.9m | — | — | — | — | — | $3.7m | $2.9m | $2.9m | |
| Share-based compensation | — | $4.0m | $6.7m | $4.0m | $2.9m | $2.0m | $937k | $0 | $3.7m | $2.9m | $2.9m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | $0 | $0 | $1.8m | $0 | $0 | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | $416k | $8.5m | $4.6m | — | $0 | $0 | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | $337k | $8.5m | $4.6m | $19.2m | — | — | — | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $0 | — | $1.7m | $0 | $3.5m | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $79k | $1.7m | $0 | $1.4m | $0 | $0 | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $0 | $0 | $2.1m | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $54k | $0 | — | $0 | — | — | — | |
| Income (Loss) from Equity Method Investments | ($189k) | ($239k) | ($291k) | ($664k) | ($185k) | $15k | ($8k) | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($2.4m) | $2.3m | ($4.4m) | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | $2.2m | ($1.4m) | $2.1m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $365k | ($183k) | $271k | $1.7m | ($631k) | ($537k) | ($69k) | ($1.4m) | ($33.4m) | ($14.4m) | $12.9m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | — | — | — | ($371k) | $0 | $808k | $12.9m | |
| Accounts receivable | ($365k) | $183k | ($271k) | ($1.7m) | $631k | $537k | $3k | $1.4m | $33.4m | $14.4m | $12.9m | |
| Increase (Decrease) in Inventories | $1.5m | $290k | $1.5m | $2.0m | ($1.7m) | $325k | ($20k) | ($54.6m) | ($25.3m) | $924k | ($924k) | |
| Inventory Write-down | — | — | — | — | $199k | $166k | $79k | — | $0 | $825k | — | |
| Net realizable value adjustments to inventory | — | — | — | — | $199k | $166k | $79k | $4.6m | $0 | $825k | — | |
| Inventories | ($1.5m) | ($290k) | ($1.5m) | ($2.0m) | $1.7m | ($325k) | $1.1m | $54.6m | $25.3m | ($924k) | ($924k) | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | — | $54.8m | ($1.8m) | ($23.2m) | ($17.7m) | ($3.8m) | ($3.8m) | |
| Forgiveness of related party payables | — | — | — | — | — | — | $0 | $0 | $2.4m | $5.2m | — | |
| Purchases of property and equipment, accrued but unpaid | $11.3m | $11.9m | $11.5m | $12.5m | $4.0m | $7.0m | $1.7m | $389k | $1.3m | $94k | ($2.6m) | |
| Accrued tax credit RDEC | — | — | — | — | — | $0 | $0 | ($1.7m) | $0 | $0 | — | |
| Accrued expenses and other liabilities | — | — | — | — | — | $21.9m | ($12.8m) | ($4.6m) | ($2.4m) | ($17.8m) | — | |
| Accrued warranties | — | — | — | — | — | $2.7m | $3.3m | $3.9m | ($2.0m) | ($305k) | — | |
| Convertible notes issued in exchange for accrued PIK interest | — | — | — | — | — | — | $0 | $0 | $3.3m | $3.5m | — | |
| Other | — | — | — | — | — | — | $30k | $71k | $90k | $93k | — | |
| Prepaid expenses and other assets | ($1.4m) | ($2.1m) | $1.6m | $884k | $157k | ($743k) | ($1.2m) | ($5.1m) | $1.3m | $4.3m | — | |
| Net Cash Provided by (Used in) Operating Activities | $35.1m |
$25.1m
-28.40%
|
$828k
-96.70%
|
$13.0m
+1467.87%
|
($6.5m)
-150.27%
|
$19.2m
+394.67%
|
$2.5m
-87.24%
|
($2.2m)
-190.67%
|
$786k
+135.33%
|
($45.5m)
-5889.19%
|
($45.5m)
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $11.3m | $11.9m | $11.5m | $12.5m | $4.0m | $7.0m | $1.7m | $389k | $1.3m | $94k | ($2.6m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $506k | $708k | $414k | $478k | $1.0m | $99k | $208k | ($389k) | ($1.3m) | ($260k) | $260k | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($6k) | ($13k) | ($20k) | ($100k) | ($11k) | ($99k) | ($20k) | ($8k) | ($1.3m) | ($94k) | $260k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $39.8m | $17.9m | $417k | ($427k) | — | ($16.1m) | $0 | $0 | $0 | |
| Net cash (used in) provided by investing activities - continuing operations | — | — | — | — | — | ($1.2m) | ($15.8m) | $19.3m | $10.3m | ($2.6m) | — | |
| Net cash provided by (used in) investing activities - discontinued operations | — | — | — | — | — | $0 | $0 | $0 | ($5.9m) | $0 | ($2.6m) | |
| Net cash (used in) provided by investing activities | ($12.1m) | ($8.7m) | ($51.7m) | ($34.4m) | ($2.6m) | ($6.4m) | ($34.6m) | $19.3m | $4.3m | ($2.6m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($12.1m) | ($8.7m) | ($51.7m) | ($34.4m) | ($2.6m) | ($6.4m) | ($6.3m) | $19.3m | $4.3m | ($2.6m) | ($2.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | $0 | $0 | — | — | |
| Repayments of Long-term Debt | — | — | — | $63k | $80k | $7k | — | — | — | — | ($16.1m) | |
| Debt issuance costs paid | — | — | — | — | — | — | $0 | $0 | ($90k) | $0 | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | $4 | — | — | — | — | |
| Net cash (used in) provided by financing activities - continuing operations | $1.4m |
$92.5m
+6404.64%
|
($756k)
-100.82%
|
($13.5m)
-1679.63%
|
$556k
+104.13%
|
($1.4m)
-351.26%
|
($2.7m)
-93.27%
|
$44.4m
+1745.81%
|
($22.6m)
-150.93%
|
($8.4m)
+62.83%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | $1.4m |
$92.5m
+6404.64%
|
($756k)
-100.82%
|
($13.5m)
-1679.63%
|
$556k
+104.13%
|
($1.4m)
-351.26%
|
($5.7m)
-307.02%
|
$44.4m
+881.52%
|
($22.6m)
-150.93%
|
($8.4m)
+62.83%
|
($8.4m)
0.00%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $21.7m | $112.6m | ($54.4m) | ($35.4m) | ($14.9m) | $11.7m | ($9.8m) | — | — | — | $18.5m | |
| Cash and cash equivalents, beginning of year | $46.6m | $159.2m | $104.8m | $69.4m | $54.6m | $66.3m | $31.2m | $91.8m | $75.3m | $18.5m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $46.6m | $159.2m | $104.8m | $69.4m | $54.6m | $66.3m | $31.2m | $91.8m | $75.3m | $18.5m | $18.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($2.7m) | $3.7m | ($2.7m) | ($542k) | ($6.3m) | $271k | ($195k) | — | — | — | ($315k) | |
| Exchange rate effects | — | — | — | — | — | $328k | ($1.5m) | $926k | $1.1m | ($315k) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | $595k | — | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $0 | $0 | $5.2m | $5.4m | $3.5m | — | |
| Income Taxes Paid, Net | ($723k) | ($4.6m) | ($5.2m) | ($3.5m) | ($921k) | ($3.1m) | $303k | $914k | $1.4m | $1.4m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | $432k | $11.4m | $2.8m | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | — | $30.5m | ($823k) | $8.7m | $0 | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | — | — | $2.8m | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | — | — | $11.4m | $2.8m | — | |
| General and Administrative Expense | $7.4m | $18.4m | $26.4m | $23.8m | $24.3m | $20.3m | $6.0m | $31.3m | $33.4m | $26.5m | — | |
| Goodwill | $401k | $428k | $25.1m | $52.7m | $46.1m | $42.1m | — | $46.9m | $44.1m | $45.0m | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | ($37.0m) | ($104.5m) | ($54.1m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($79.2m) | ($37.0m) | ($104.5m) | ($54.1m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $33.3m | ($823k) | $8.7m | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | $8.8m | $0 | — | |
| Income Tax Expense (Benefit) | $2.2m | $3.8m | $2.5m | $3.5m | $215k | $3.4m | ($789k) | ($9.2m) | $68.7m | ($384k) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $10.4m | $10.1m | — | |
| Investment Income, Interest | $107k | $563k | $2.1m | $858k | $348k | $219k | $30k | — | — | — | — | |
| Operating Expenses | $9.3m | $20.2m | $28.7m | $26.6m | $36.2m | $27.3m | $29.1m | $146.9m | $104.3m | $85.4m | — | |
| Operating Lease, Expense | $10.6m | $11.8m | — | — | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | $1.4m | $1.3m | $811k | $420k | $760k | $165k | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | $23.4m | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $156.5m | $182.3m | $109.7m | $180.3m | $30.8m | — | — | — | — | |
| Loss (income) from discontinued operations, net of tax | — | — | — | — | — | $8.0m | $12.6m | $823k | ($8.7m) | $0 | — | |
| Non-cash lease expense | — | — | — | — | — | $1.9m | $1.8m | $2.0m | $1.7m | $1.5m | — | |
| Non-cash interest expenses | — | — | — | — | — | $0 | $0 | $325k | $4.8m | $5.8m | — | |
| Gain on embedded derivative | — | — | — | — | — | $0 | $0 | ($432k) | ($11.4m) | ($2.8m) | — | |
| Write-off of prepaid subscriptions | — | — | — | — | — | $0 | $0 | $5.7m | $0 | $0 | — | |
| Prepaid subscriptions | — | — | — | — | — | $0 | ($7.3m) | $1.6m | $0 | $0 | — | |
| Due from related parties | $189k | ($115k) | ($51k) | — | — | $1.0m | ($4.4m) | ($531k) | $533k | ($1.5m) | — | |
| Due to related parties | — | — | — | — | — | $509k | $3.5m | $1.1m | $1.5m | $722k | — | |
| Contract liabilities | $8.3m | $1.4m | ($91k) | $516k | ($1.4m) | ($8.1m) | $14.4m | $4.7m | ($5.7m) | $4k | — | |
| Lease obligations - operating leases | — | — | — | — | ($14.3m) | ($12.2m) | ($4.7m) | ($2.3m) | ($1.6m) | ($1.4m) | — | |
| Internal-use software development costs | — | — | — | — | — | $0 | ($1.0m) | ($4.4m) | ($8.5m) | ($2.5m) | — | |
| Repayment of loan receivable, related party | — | — | — | — | — | $0 | ($7.9m) | $8.0m | $0 | $0 | — | |
| Proceeds from disposition of GEH Singapore | — | — | — | — | — | — | $0 | $0 | $20.0m | $0 | — | |
| Acquisition of businesses, net of cash | — | — | ($39.8m) | ($17.9m) | ($417k) | $427k | ($6.0m) | $16.1m | $0 | $0 | — | |
| Repayment of Revolver | — | — | — | — | — | $0 | ($49.3m) | ($80.3m) | ($38.0m) | ($16.0m) | — | |
| Proceeds from Revolver | — | — | — | — | — | $34.0m | $63.0m | $62.0m | $17.0m | $8.0m | — | |
| Proceeds from convertible note | — | — | — | — | — | $0 | $0 | $64.9m | $0 | $0 | — | |
| Contingent consideration payments | — | — | — | — | — | $0 | $0 | ($2.2m) | ($1.0m) | $0 | — | |
| Repayment of Paycheck Protection Program Loan | — | — | — | — | — | $0 | ($5k) | ($192k) | ($192k) | ($82k) | — | |
| Proceeds from NetDragon group loans | — | — | — | $125k | — | $24.8m | $869k | $219k | $0 | $0 | — | |
| Share repurchase | — | — | — | — | — | — | $0 | $0 | ($342k) | ($110k) | — | |
| Net change in cash | — | — | — | — | — | $2.4m | ($9.7m) | $61.5m | ($17.5m) | ($56.5m) | — | |
| Decrease in goodwill due to measurement period adjustments relating to business acquisition, net | — | — | — | — | — | — | $0 | $0 | $1.2m | $0 | — | |
| Lease assets acquired in exchange for lease liabilities | — | — | — | — | — | — | $0 | $0 | $5.0m | $102k | — | |
| Noncash consideration transferred for acquisition of businesses | — | — | — | — | — | $0 | $0 | $22.8m | $0 | $0 | — | |
| Noncash consideration transferred for asset acquisition | — | — | — | — | — | — | — | $0 | $0 | $212k | — | |
| Cash received for tax refunds, net | — | — | — | — | — | — | $969k | $914k | $1.4m | $1.4m | — |