Mynd.ai, Inc. (MYND) intrinsic value & 10-year financials
Mynd.ai, Inc. (MYND) has a Graham intrinsic value of $0.24 per share. Over the last 10 fiscal years revenue grew 5.0% a year to $167.9M, with an average return on invested capital of -62.6%.
- Graham intrinsic value
- $0.24
- Revenue (FY2025)
- $167.9M
- Revenue growth (10-yr CAGR)
- 5.0%
- ROIC (10-yr avg)
- -62.6%
- Free cash flow (FY2025)
- -$45.6M
MYND 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $167.9M | -$54.1M | -$0.12 | -$45.6M | -29.8% | -182.3% |
| FY2024 | $267.4M | -$95.7M | -$0.21 | -$497.0K | -14.2% | -49.2% |
| FY2023 | $413.6M | -$37.9M | -$0.09 | -$2.6M | -10.6% | -31.3% |
| FY2022 | $584.7M | $22.6M | -$0.10 | -$2.2M | -13.7% | -132.4% |
| FY2021 | $448.2M | -$1.1M | $0.02 | $12.2M | 0.9% | 3.6% |
| FY2020 | $109.7M | -$41.2M | -$0.09 | -$10.5M | -39.5% | -46.7% |
| FY2019 | $182.3M | -$2.2M | -$0.01 | $490.0K | 0.1% | 0.1% |
| FY2018 | $156.5M | -$1.7M | -$0.00 | -$10.7M | -1.9% | — |
| FY2017 | $140.8M | $7.1M | $0.02 | $13.2M | 6.6% | — |
| FY2016 | $108.5M | $6.5M | $0.02 | $23.7M | 7.0% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Mynd.ai, Inc. has demonstrated mature, steady growth, with revenue compounding at 5.0% annually over the past decade.
Mynd.ai, Inc. has historically struggled to out-earn its cost of capital, averaging just -36.8% ROIC.
Mynd.ai, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Mynd.ai, Inc. is modeled at 5.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.24 per share.