Mindforge Inc. key statistics and ratios

In fiscal 2026, Mindforge Inc. had return on equity of -167.2%, an operating margin of -98.2%, debt equal to 0.0% of equity and a current ratio of 1.14. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Mindforge Inc.: financial ratios, annual
Fiscal year	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026
Gross margin	1.7%	1.7%	1.3%	0.8%	−0.5%
Operating margin	0.1%	0.2%	−1.7%	−10.5%	−98.2%
Net margin	−0.1%	0.2%	−1.5%	−9.2%	−222.9%
Free-cash-flow margin	0.4%	−0.3%	−2.6%	−9.5%	−14.5%
Return on equity	−5.4%	20.8%	−10.0%	−16.5%	−167.2%
Return on assets	—	4.2%	−6.9%	−14.4%	−110.8%
Asset turnover	—	19.43	4.77	1.57	0.50
Current ratio	—	1.22	5.75	10.24	1.14
Debt to equity	0.0%	12.9%	5.1%	2.0%	0.0%
Interest cover (operating income ÷ interest)	—	121.3x	n/m	n/m	n/m
Effective tax rate	—	15.6%	—	—	—
R&D as % of revenue	—	—	—	—	5.5%
Capital spending as % of revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Free cash flow ÷ net income	—	−138.8%	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · June 30, 2026

What it owns · $39m

Short-term assets $20mLonger-term assets $19m

What it owes, and who funded it · $39m

Short-term liabilities $18mLonger-term liabilities $1mShareholders' equity $21m

Short-term assets cover short-term liabilities $20m of assets due within a year against $18m of liabilities due within a year.
Short-term assets cover long-term liabilities $20m short-term assets against $517,186 of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$15m against $697 of interest.

From Mindforge Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Mindforge Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Mindforge Inc.