MF revenueFY2026$14.86M
- FY YoY
- -49.9%
MF revenue was $14.86M for fiscal 2026 (ended Jun 30, 2026), down 49.9% from fiscal 2025. It rose in 1 of the last 4 fiscal years.
Financials · MF
MindForge Inc. (MF) financials
For fiscal 2026 (ended Jun 30, 2026), MindForge Inc. reported $14.86M of revenue and -$33.11M of net income.
- Revenue, FY2026
- $14.86M
- Revenue growth, YoY
- -49.9%
- Net income, FY2026
- -$33.11M
- Net margin
- -222.9%
- Cash
- $12.33M
- P/S
- 6.14
- Market cap
- $91.3M
FY2022FY2026
FY2022FY2026
FY2022FY2024
MF revenue and earnings growth
MF net incomeFY2026-$33.11M
MF net income was -$33.11M for fiscal 2026 (ended Jun 30, 2026), compared with -$2.72M in fiscal 2025.
MF EPSFY2025-$9.32
MF diluted EPS was -$9.32 for fiscal 2025 (ended Jun 30, 2025).
Income statement
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 |
|---|---|---|---|---|---|
| Revenue | $14.86M | $29.67M | $51.60M | $94.32M | $86.68M |
| Cost of revenue | $14.94M | $29.42M | $50.91M | $92.70M | $85.21M |
| Gross profit | -$80.7K | $251.7K | $694.3K | $1.61M | $1.47M |
| Research and development | $812.6K | - | - | - | - |
| Selling, general and admin | $2.03M | $1.14M | $1.57M | $1.46M | $1.34M |
| Operating income | -$14.59M | -$3.11M | -$872.9K | $153.9K | $126.6K |
| Interest expense | $697 | $33.5K | $12.9K | $1.3K | - |
| Pre-tax income | -$33.16M | -$2.95M | -$606.1K | $244.0K | $223.5K |
| Income tax | -$51.1K | -$236.0K | $142.4K | $38.1K | $272.5K |
| Net income | -$33.11M | -$2.72M | -$748.5K | $205.9K | -$49.0K |
| EPS, basic | - | -$9.32 | -$11.86 | $4.00 | $0.00 |
| EPS, diluted | - | -$9.32 | -$11.86 | $4.00 | $0.00 |
| Diluted shares | - | 291,781 | 63,125 | 60,000 | 925,256 |
Balance sheet
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 |
|---|---|---|---|---|---|
| Cash and equivalents | $12.33M | $11.18M | $4.83M | $1.29M | $1.52M |
| Receivables | $485 | $227.0K | $396.3K | $264.8K | - |
| Inventory | $15.3K | - | - | - | - |
| Current assets | $20.16M | $15.06M | $16.74M | $4.60M | - |
| Total assets | $38.80M | $20.98M | $16.79M | $4.85M | - |
| Current liabilities | $17.69M | $1.47M | $2.91M | $3.78M | - |
| Short-term debt | - | $389.7K | $701.6K | $138.4K | - |
| Total liabilities | $18.20M | $1.96M | $2.92M | $3.78M | - |
| Shareholders' equity | $20.59M | $19.02M | $13.87M | $1.07M | $910.9K |
Cash flow
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 |
|---|---|---|---|---|---|
| Operating cash flow | -$2.16M | -$2.82M | -$1.35M | -$283.2K | $363.1K |
| Capital expenditures | - | - | $12.8K | $2.6K | $2.9K |
| Free cash flow | - | - | -$1.37M | -$285.8K | $360.1K |
| Investing cash flow | -$409.4K | $3.81M | -$9.47M | -$2.6K | -$2.9K |
| Financing cash flow | $3.67M | $5.39M | $14.34M | $156.9K | $421.2K |
| Stock-based compensation | $11.67M | $2.21M | - | - | - |
| Depreciation and amortization | $213.7K | $11.8K | $7.3K | $2.0K | $1.8K |
Key ratios
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 |
|---|---|---|---|---|---|
| Revenue growth, YoY | -49.9% | -42.5% | -45.3% | 8.8% | - |
| Gross margin | -0.5% | 0.8% | 1.3% | 1.7% | 1.7% |
| Operating margin | -98.2% | -10.5% | -1.7% | 0.2% | 0.1% |
| Net margin | -222.9% | -9.2% | -1.5% | 0.2% | -0.1% |
| Free cash flow margin | - | - | -2.6% | -0.3% | 0.4% |
| Return on equity | -160.8% | -14.3% | -5.4% | 19.2% | -5.4% |
| Return on assets | -85.3% | -13.0% | -4.5% | 4.2% | - |
| Current ratio | 1.14 | 10.24 | 5.75 | 1.22 | - |
Source: XBRL data MindForge Inc. files with the SEC, latest filing dated Oct 26, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-25, first reported Oct 26, 2026.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
MF peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MF | $14.86M | -49.9% | -$33.11M | -222.9% | $91.3M |
| GOOGL | $471.10B | +22.2% | $235.69B | 50.0% | $3.54T |
| GOOG | $471.10B | +22.2% | $235.69B | 50.0% | $3.52T |
| META | $241.61B | +27.5% | $75.25B | 31.1% | $1.64T |
| APP | $7.61B | +57.8% | $5.01B | 65.9% | $135.84B |
| NBIS | $529.80M | +479.0% | $82.50M | 15.6% | $38.45B |
| BIDU | CN¥129.08B | -3.0% | CN¥5.59B | 4.3% | $27.57B |
MF FAQ
7 questionsWhat is MF revenue?
MindForge Inc. (MF) reported $14.86M of revenue for fiscal 2026 (ended Jun 30, 2026). That is down 49.9% from the year before.Is MF profitable?
No. MindForge Inc. reported a net loss of $33.11M for fiscal 2026 (ended Jun 30, 2026).How much cash and debt does MF have?
MindForge Inc. reported $12.33M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is MF revenue growing?
MindForge Inc.'s revenue changed -49.9% in fiscal 2026, to $14.86M.What is MF gross margin?
MindForge Inc.'s gross profit was -$80.7K on $14.86M of revenue for fiscal 2026 (ended Jun 30, 2026), a gross margin of -0.5%.When did MF last report financial results?
The latest statements here come from MindForge Inc.'s 20-F filed on Oct 26, 2026, covering the period ended Jun 30, 2026.Where does this MF financial data come from?
Quantisnow builds these statements from the structured XBRL data MindForge Inc. files with the SEC. It is provided for information only and is not investment advice.