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MindForge Inc.

MF Clue Score24
Cayman Islands Fiscal year ends June CIK 0001888525
$8.40 -7.59% Close, 12 Oct 2026
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Price $8.40 −38.64% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 17 Jul 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue86.7Operating income0.1Net income−0.0EPS, diluted0.00Fiscal year 2023Revenue94.3 +8.8%Operating income0.2Net income0.2EPS, diluted0.16Fiscal year 2024Revenue51.6 −45.3%Operating income−0.9Net income−0.7 −463.5%EPS, diluted−0.48Fiscal year 2025Revenue29.7 −42.5%Operating income−3.1Net income−2.7EPS, diluted−0.37
FY2022FY2023FY2024FY2025
Revenue 86.7 94.3 51.6 29.7
Growth +8.8% −45.3% −42.5%
Operating income 0.1 0.2 −0.9 −3.1
Net income −0.0 0.2 −0.7 −2.7
Growth −463.5%
EPS, diluted 0.00 0.16 −0.48 −0.37

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin1.7%Operating margin0.1%Net margin−0.1%Free cash flow margin0.4%Fiscal year 2023Gross margin1.7%Operating margin0.2%Net margin0.2%Free cash flow margin−0.3%Fiscal year 2024Gross margin1.3%Operating margin−1.7%Net margin−1.5%Free cash flow margin−2.6%Fiscal year 2025Gross margin0.8%Operating margin−10.5%Net margin−9.2%
FY2022FY2023FY2024FY2025
Gross margin 1.7% 1.7% 1.3% 0.8%
Operating margin 0.1% 0.2% −1.7% −10.5%
Net margin −0.1% 0.2% −1.5% −9.2%
Free cash flow margin 0.4% −0.3% −2.6% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow0.4Capital expenditure−0.0Free cash flow0.4Fiscal year 2023Operating cash flow−0.3Capital expenditure−0.0Free cash flow−0.3 −179.4%Fiscal year 2024Operating cash flow−1.4Capital expenditure−0.0Free cash flow−1.4Fiscal year 2025Operating cash flow−2.8
FY2022FY2023FY2024FY2025
Operating cash flow 0.4 −0.3 −1.4 −2.8
Capital expenditure −0.0 −0.0 −0.0 n/a
Free cash flow 0.4 −0.3 −1.4 n/a
Growth −179.4%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2022Cash1.5Shareholders’ equity0.9Fiscal year 2023Cash1.3Shareholders’ equity1.1Fiscal year 2024Cash4.8Shareholders’ equity13.9Fiscal year 2025Cash11.2Shareholders’ equity19.0
FY2022FY2023FY2024FY2025
Cash 1.5 1.3 4.8 11.2
Shareholders’ equity 0.9 1.1 13.9 19.0

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending June, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 30 Jun 2022 FY2023 30 Jun 2023 FY2024 30 Jun 2024 FY2025 30 Jun 2025
Margins
1.7% 1.7% 1.3% 0.8%
0.1% 0.2% −1.7% −10.5%
0.3% 0.3% −1.2% −10.0%
−0.1% 0.2% −1.5% −9.2%
0.4% −0.3% −2.6% n/a
Spending
1.6% 1.5% 3.0% 11.3%
0.0% 0.0% 0.0% n/a
121.9% 15.6% n/a n/a
Returns
−5.4% 19.2% −5.4% −14.3%
n/a 4.2% −4.5% −13.0%
Balance and payout
n/a 77.9% 17.4% 9.3%