← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $6.5m $7.1m — — — — — ($37.9m) ($95.7m) ($54.1m)
Net Income (Loss) Available to Common Stockholders, Basic $6.5m $7.1m ($1.8m) ($2.4m) ($37.3m) $6.8m ($22.2m) ($37.9m) ($95.7m) ($54.1m)
Loss (income) from discontinued operations, net of tax — — — — — $8.0m $12.6m $823k ($8.7m) $0
Net loss from continuing operations — — — — — — $33.1m ($38.8m) ($104.5m) ($54.1m)
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)
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
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
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
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)
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
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — — — — $221k
Share-based Payment Arrangement, Expense $0 $4.0m $4.9m — — — — — $3.7m $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 — — —
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 — —
Share-based compensation — $4.0m $6.7m $4.0m $2.9m $2.0m $937k $0 $3.7m $2.9m
Gain (Loss) on Extinguishment of Debt — — — — — — — $0 $0 —
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)
Gain (Loss) on Disposition of Property Plant Equipment ($6k) ($13k) ($20k) ($100k) ($11k) ($99k) ($20k) ($8k) ($1.3m) ($94k)
Income (Loss) from Equity Method Investments ($189k) ($239k) ($291k) ($664k) ($185k) $15k ($8k) — — —
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
Operating Lease, Expense $10.6m $11.8m — — — — — — — —
Other Nonoperating Income (Expense) — — — — — — — $2.2m ($1.4m) $2.1m
Non-cash interest expenses — — — — — $0 $0 $325k $4.8m $5.8m
Lease obligations - operating leases — — — — ($14.3m) ($12.2m) ($4.7m) ($2.3m) ($1.6m) ($1.4m)
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $365k ($183k) $271k $1.7m ($631k) ($537k) ($69k) ($1.4m) ($33.4m) ($14.4m)
Increase (Decrease) in Inventories $1.5m $290k $1.5m $2.0m ($1.7m) $325k ($20k) ($54.6m) ($25.3m) $924k
Increase (Decrease) in Accounts Payable — — — — — — — ($23.2m) ($17.7m) ($3.8m)
Accounts Receivable, Credit Loss Expense (Reversal) — — — — — — — ($371k) $0 $808k
Proceeds from Stock Options Exercised — $595k — — — — — — — —
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
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
Inventory Write-down — — — — $199k $166k $79k — $0 $825k
Investment Income, Interest $107k $563k $2.1m $858k $348k $219k $30k — — —
Nonoperating Income (Expense) — — — — — — — ($2.4m) $2.3m ($4.4m)
Operating Expenses $9.3m $20.2m $28.7m $26.6m $36.2m $27.3m $29.1m $146.9m $104.3m $85.4m
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 — — —
Net loss $5.9m $6.5m ($1.7m) ($2.2m) ($41.2m) $3.5m ($45.9m) ($37.8m) ($95.8m) ($54.1m)
Non-cash lease expense — — — — — $1.9m $1.8m $2.0m $1.7m $1.5m
Gain on embedded derivative — — — — — $0 $0 ($432k) ($11.4m) ($2.8m)
Accrued tax credit RDEC — — — — — $0 $0 ($1.7m) $0 $0
Net realizable value adjustments to inventory — — — — $199k $166k $79k $4.6m $0 $825k
Write-off of prepaid subscriptions — — — — — $0 $0 $5.7m $0 $0
Other — — — — — — $30k $71k $90k $93k
Accounts receivable ($365k) $183k ($271k) ($1.7m) $631k $537k $3k $1.4m $33.4m $14.4m
Inventories ($1.5m) ($290k) ($1.5m) ($2.0m) $1.7m ($325k) $1.1m $54.6m $25.3m ($924k)
Prepaid expenses and other assets ($1.4m) ($2.1m) $1.6m $884k $157k ($743k) ($1.2m) ($5.1m) $1.3m $4.3m
Prepaid subscriptions — — — — — $0 ($7.3m) $1.6m $0 $0
Due from related parties $189k ($115k) ($51k) — — $1.0m ($4.4m) ($531k) $533k ($1.5m)
Accounts payable — — — — — $54.8m ($1.8m) ($23.2m) ($17.7m) ($3.8m)
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)
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
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)
Convertible notes issued in exchange for accrued PIK interest — — — — — — $0 $0 $3.3m $3.5m
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
Forgiveness of related party payables — — — — — — $0 $0 $2.4m $5.2m
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
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
Net Cash Provided by (Used in) Operating Activities $35.1m $25.1m $828k $13.0m ($6.5m) $19.2m $2.5m ($2.2m) $786k ($45.5m)
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
Payments to Acquire Businesses, Net of Cash Acquired — — $39.8m $17.9m $417k ($427k) — ($16.1m) $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
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)
Cash flows from financing activities:
Debt issuance costs paid — — — — — — $0 $0 ($90k) $0
Repayments of Long-term Debt — — — $63k $80k $7k — — — —
Payments of Ordinary Dividends, Common Stock — — — — — — $4 — — —
Proceeds from Noncontrolling Interests $1.4m $1.3m $811k $420k $760k $165k — — — —
Net cash (used in) provided by financing activities - continuing operations $1.4m $92.5m ($756k) ($13.5m) $556k ($1.4m) ($2.7m) $44.4m ($22.6m) ($8.4m)
Net Cash Provided by (Used in) Financing Activities $1.4m $92.5m ($756k) ($13.5m) $556k ($1.4m) ($5.7m) $44.4m ($22.6m) ($8.4m)
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) — — —
Exchange rate effects — — — — — $328k ($1.5m) $926k $1.1m ($315k)
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) — — —
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
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
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.