undamentalytics Newsletter
Sign in

Mind CTI LTD (MNDO) stock

Add to watchlist

Add holding +

NASDAQ: MNDO Nasdaq Application Software Next results ~November 10, 2026

C+ Fundamentals grade

Mind CTI LTD is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$3.3

Cash-flow model

Base case. Range ~$2.6–$4.2 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 278% above it.

Price used: $0.87, November 2, 2026

Mind CTI LTD valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds6 adding, 7 cuttingOf 3 active managers that changed their stake, 3 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Mind CTI files

Where Mind CTI LTD stands after its latest Filing

Revenue for the twelve months was $19m, down 9.3% on a year earlier, a steeper fall than the 0.8% decline a quarter earlier. That puts it 167 of 183 for growth among the application software companies we cover. Free-cash-flow margin fell to 20.3% from 25.9% a year earlier. Operating margin narrowed to 10.7% from 25.9%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $3.29 a share, against a share price of $0.89.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Mind CTI LTD's trailing-twelve-month revenue fell 9.3% year on year, with a free-cash-flow margin of 20.3%. Where it stands out: stock pay as % of revenue of 1.0% ranks 7 of 177 application software companies we cover. Where it lags: revenue growth of -9.3% ranks 168 of 184 application software companies we cover.

Our discounted-cash-flow model values the business at ~$3.3 per share in the base case (~$2.6–$4.2 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 3.5% while net income fell 43.8%: a 40pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $0.87 is 278% below our value per share of $3.
  • Strong cash generation. 20.3% of revenue turned into free cash flow, against a median of 15.2% for application software companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 9.3% over the last 12 months.
  • Growth slowing. The growth rate is 8.5 points lower than a quarter earlier.
  • Margins narrowing. Operating margin is down 9.7 points on a year ago.

Latest results

Next report
November 10, 2026

Mind CTI's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.2%
  • 1 week-3.3%
  • 1 month-13.9%
  • This year-24.3%
  • 1 year-19.4%
  • 5 years-59.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$19.5M
Operating margin
10.7%
Net margin
13.4%
EPS (TTM, diluted)
$0.13

Growth

Revenue growth
−9.3%
Change in growth rate
−8.5 pts
Share count change
+0.2%

Cash

Free cash flow (TTM)
$4M
FCF margin
20.3%
Stock pay % of revenue
1.0%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for MNDO from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mind CTI LTD valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 29.3% a year for five years.That is slower than the -3.6% a year revenue growth Mind CTI has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in-29.3%
  • Last 12 months-9.3%
  • 3 years a year-3.3%
  • 5 years a year-3.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($0.88, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$3.3
Price used
$0.88close November 3, 2026
Implied change
▲ +275%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Mind CTI LTD's free cash flow after stock-based pay with after-tax interest added back ($3.5M, FY2025 Q4 TTM), growing 2% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$2.6–~$4.2 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Mind CTI LTD's free cash flow after stock-based pay ( $3.5M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Mind CTI LTD as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.77 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$3.3 ~$2.6–$4.2 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$0.3 ~$2.2–$5.0 Left out: far from the other models (more than 3x away from their median)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$2.3 ~$1.9–$2.8 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$2.7 ~$2.4–$3.0 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$2.9 ~$2.3–$3.3 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mind CTI LTD with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −22%
  • Revenue growth 5 points higher ▲ +29%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▲ +6%
  • Discount rate 1 point higher ▼ −13%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $3$4$5$7$9$11
8.5% $2$3$4$5$6$8
10% $2$2$3$4$5$7

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$0.84$0.92$1.17$1.08$1.28$1.56$2.04$1.50$1.56$1.77$1.15
Market value$16m$18m$23m$21m$26m$31m$41m$31m$32m$36m$24m
+ Net debt (− = net cash)−$11m−$9m−$5m−$3m−$6m−$8m−$4m−$5m−$3m−$4m−$8m
Enterprise value$5m$9m$18m$18m$19m$23m$37m$25m$29m$32m$16m
Multiples
Price / sales 0.8x1.0x1.3x1.2x1.1x1.3x1.6x1.4x1.5x1.7x1.2x
Price / earnings 3.2x4.2x4.1x4.1x5.0x5.8x7.0x5.8x6.2x7.9x9.1x
Price / free cash flow 2.6x3.4x8.5x4.8x3.9x4.9x6.1x6.9x7.9x8.9x6.0x
EV / EBITDA 0.7x1.6x3.7x3.4x3.7x4.1x5.3x4.4x5.9x7.0x6.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

67 /100

Moderate moat

How hard Mind CTI's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Pricing power 17 / 20

    Gross margin has been a median 57.4%, moving by 4.8 percentage points (standard deviation) across 5 years.

  • Durability 13 / 20

    Operating margin has been a median 12.3%; its worst year was 10.7%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 5 of 5 years, at a median 25.9% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (82 before it).

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

Forecasts and guidance

Next results: November 10, 2026, before the open.

Analysts' consensus

No analyst estimates are published for Mind CTI LTD: too few analysts cover it.

Positioning

Short interest
0.1%
of tradable shares
Days to cover
0.59
at average volume
Short interest, 1 month
+10%
to October 15, 2026
Held by institutions
8%
of shares
Held by insiders
22.3%
of shares
Employees
139
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MNDO+31%−27%+4%+13%−35%−24%
Industry peers (median)−8%−50%+19%+2%−20%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MNDO58%42%50%50%25%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MNDO−22%−30%−16%−10%−47%−31%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 65% from July 15, 2021 to November 2, 2026. Getting back needed a 181% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.87 – $1.26
From 52-week high
−31.0%
vs 50-day average
−10.7%
vs 200-day average
−17.0%
Volatility (1 year)
39%
Beta vs S&P 500
0.20

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Mind CTI LTD in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mind CTI LTD
$15M $20M $25M $30M FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue (TTM), FY14 Q4: $25M Revenue (TTM), FY15 Q4: $20.9M Revenue (TTM), FY16 Q4: $18.1M Revenue (TTM), FY17 Q4: $18.1M Revenue (TTM), FY18 Q4: $18.1M Revenue (TTM), FY19 Q4: $22.7M Revenue (TTM), FY20 Q4: $23.4M Revenue (TTM), FY21 Q4: $26.3M Revenue (TTM), FY22 Q4: $21.6M Revenue (TTM), FY23 Q4: $21.6M Revenue (TTM), FY24 Q4: $21.4M Revenue (TTM), FY25 Q4: $19.5M $19.5M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY14 Q4 $25M
FY15 Q4 $20.9M
FY16 Q4 $18.1M
FY17 Q4 $18.1M
FY18 Q4 $18.1M
FY19 Q4 $22.7M
FY20 Q4 $23.4M
FY21 Q4 $26.3M
FY22 Q4 $21.6M
FY23 Q4 $21.6M
FY24 Q4 $21.4M
FY25 Q4 $19.5M
Revenue growth, TTM YoY Mind CTI LTD
-20% 0% 20% 40% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue growth, TTM YoY, FY14 Q4: 35.4% Revenue growth, TTM YoY, FY15 Q4: -16.4% Revenue growth, TTM YoY, FY16 Q4: -13.7% Revenue growth, TTM YoY, FY17 Q4: 0.1% Revenue growth, TTM YoY, FY18 Q4: 0.4% Revenue growth, TTM YoY, FY19 Q4: 25.0% Revenue growth, TTM YoY, FY20 Q4: 3.1% Revenue growth, TTM YoY, FY21 Q4: 12.7% Revenue growth, TTM YoY, FY22 Q4: -18.2% Revenue growth, TTM YoY, FY23 Q4: 0.3% Revenue growth, TTM YoY, FY24 Q4: -0.8% Revenue growth, TTM YoY, FY25 Q4: -9.3% -9.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY14 Q4 35.4%
FY15 Q4 -16.4%
FY16 Q4 -13.7%
FY17 Q4 0.1%
FY18 Q4 0.4%
FY19 Q4 25.0%
FY20 Q4 3.1%
FY21 Q4 12.7%
FY22 Q4 -18.2%
FY23 Q4 0.3%
FY24 Q4 -0.8%
FY25 Q4 -9.3%
Operating margin (TTM) Mind CTI LTD
0% 10% 20% 30% 40% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Operating margin (TTM), FY14 Q4: 29.8% Operating margin (TTM), FY15 Q4: 30.7% Operating margin (TTM), FY16 Q4: 28.8% Operating margin (TTM), FY17 Q4: 25.9% Operating margin (TTM), FY18 Q4: 29.5% Operating margin (TTM), FY19 Q4: 22.2% Operating margin (TTM), FY20 Q4: 23.4% Operating margin (TTM), FY21 Q4: 25.9% Operating margin (TTM), FY22 Q4: 25.6% Operating margin (TTM), FY23 Q4: 22.0% Operating margin (TTM), FY24 Q4: 20.4% Operating margin (TTM), FY25 Q4: 10.7% 10.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY14 Q4 29.8%
FY15 Q4 30.7%
FY16 Q4 28.8%
FY17 Q4 25.9%
FY18 Q4 29.5%
FY19 Q4 22.2%
FY20 Q4 23.4%
FY21 Q4 25.9%
FY22 Q4 25.6%
FY23 Q4 22.0%
FY24 Q4 20.4%
FY25 Q4 10.7%
FCF margin (TTM) Mind CTI LTD
10% 15% 20% 25% 30% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 FCF margin (TTM), FY14 Q4: 14.5% FCF margin (TTM), FY15 Q4: 29.4% FCF margin (TTM), FY16 Q4: 28.7% FCF margin (TTM), FY17 Q4: 14.8% FCF margin (TTM), FY18 Q4: 24.4% FCF margin (TTM), FY19 Q4: 29.2% FCF margin (TTM), FY20 Q4: 27.5% FCF margin (TTM), FY21 Q4: 25.9% FCF margin (TTM), FY22 Q4: 20.5% FCF margin (TTM), FY23 Q4: 18.7% FCF margin (TTM), FY24 Q4: 19.1% FCF margin (TTM), FY25 Q4: 20.3% 20.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY14 Q4 14.5%
FY15 Q4 29.4%
FY16 Q4 28.7%
FY17 Q4 14.8%
FY18 Q4 24.4%
FY19 Q4 29.2%
FY20 Q4 27.5%
FY21 Q4 25.9%
FY22 Q4 20.5%
FY23 Q4 18.7%
FY24 Q4 19.1%
FY25 Q4 20.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Mind CTI took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $19.5M
  2. Other income $681,000 · 3.5%
  3. Cost of revenue $9.5M · 49.0%
  4. Gross profit $9.9M · 51.0%
  5. Research and development $4.1M · 20.8%
  6. Selling, general and admin $3.8M · 19.4%
  7. Operating income $2.1M · 10.7%
  8. Income tax $163,000 · 0.8%
  9. Net income $2.6M · 13.4%

Shares of revenue. Source: Mind CTI's 10-K for FY2025, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

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

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 18 20 19 20 18 25 21 18 18 18 23 23 26 22 22 21 19
Gross profit 11 14 12 12 11 15 12 11 11 12 13 12 14 12 11 11 10
EBITDA 3 6 4 5 2 8 7 5 5 5 5 6 7 6 5 5 2
Operating income 2 5 4 4 2 7 6 5 5 5 5 5 7 6 5 4 2
Net income 20 5 4 4 2 5 5 4 6 5 5 5 6 5 5 5 3
Diluted EPS $1.04 $0.26 $0.23 $0.23 $0.12 $0.29 $0.26 $0.22 $0.29 $0.27 $0.25 $0.27 $0.29 $0.26 $0.25 $0.22 $0.13
Growth (year on year)
Revenue — +13.2% −4.9% +6.9% −8.6% +35.4% −16.4% −13.7% +0.1% +0.4% +25.0% +3.1% +12.7% −18.2% +0.3% −0.8% −9.3%
EBITDA — +89.2% −24.2% +9.7% −48.1% +219.2% −14.3% −18.5% −10.8% +13.4% −4.5% +9.1% +24.0% −18.6% −13.5% −7.7% −48.4%
Operating income — +130.3% −21.2% +11.1% −50.6% +245.4% −14.0% −18.9% −10.0% +14.2% −5.8% +8.4% +25.0% −19.1% −14.0% −7.8% −52.3%
Net income — −75.5% −11.6% −0.3% −48.9% +150.9% −8.5% −16.2% +33.5% −8.5% −1.3% +6.3% +10.5% −11.1% −2.3% −10.4% −43.8%
Diluted EPS — −75.0% −11.5% 0.0% −47.8% +141.7% −10.3% −15.4% +31.8% −6.9% −7.4% +8.0% +7.4% −10.3% −3.8% −12.0% −40.9%
Margins
Gross margin 63.5% 69.0% 65.8% 61.1% 57.4% 60.2% 58.8% 62.2% 61.1% 66.1% 55.3% 52.3% 52.7% 53.4% 50.3% 50.1% 51.0%
EBITDA margin 16.8% 28.0% 22.4% 23.0% 13.0% 30.7% 31.5% 29.7% 26.5% 30.0% 22.9% 24.2% 26.7% 26.5% 22.9% 21.3% 12.1%
Operating margin 12.3% 25.1% 20.8% 21.6% 11.7% 29.8% 30.7% 28.8% 25.9% 29.5% 22.2% 23.4% 25.9% 25.6% 22.0% 20.4% 10.7%
Net margin 112.6% 24.4% 22.7% 21.2% 11.8% 21.9% 24.0% 23.3% 31.1% 28.3% 22.3% 23.0% 22.6% 24.5% 23.9% 21.6% 13.4%
Free-cash-flow margin 33.6% 30.8% 21.1% 23.6% 26.8% 14.5% 29.4% 28.7% 14.8% 24.4% 29.2% 27.5% 25.9% 20.5% 18.7% 19.1% 20.3%
Cash flow
Cash from operations 6 6 4 5 5 4 6 5 3 4 7 6 7 5 4 4 4
Capital spending 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Free cash flow 6 6 4 5 5 4 6 5 3 4 7 6 7 4 4 4 4
Stock-based pay 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Free cash flow after stock pay 6 6 4 5 5 4 6 5 2 4 6 6 7 4 4 4 4
Balance sheet
Cash 16 18 14 13 8 8 11 9 5 3 6 8 4 5 3 4 8
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −16 −18 −14 −13 −8 −8 −11 −9 −5 −3 −6 −8 −4 −5 −3 −4 −8
Diluted shares 19m 19m 19m 19m 19m 19m 19m 19m 20m 20m 20m 20m 20m 20m 20m 21m 21m
Returned to shareholders
Dividends 15 4 6 5 5 5 6 5 6 6 5 5 5 5 5 5 5
Buybacks 1 0 0 — — — — — — — — — — — — — —
Total returned 16 4 6 5 5 5 6 5 6 6 5 5 5 5 5 5 5

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · December 31, 2025
What it owns · $30m
Short-term assets $16mLonger-term assets $14m
What it owes, and who funded it · $30m
Short-term liabilities $4mLonger-term liabilities $3mShareholders' equity $23m
  • Short-term assets cover short-term liabilities $16m of assets due within a year against $4m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $16m short-term assets against $3m 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 Interest not separately reported. Not assessable.

From Mind CTI LTD'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.

Dividends, buybacks and capital spending

Dividends (TTM)
$4.5M
Diluted share count
+0.2%
year over year
Total shareholder yield
25.4%
dividends 25.4% + buybacks 0.0% of market value
Dividend payout ratio
173%
of net income paid out
R&D spending
20.8%
of revenue
Days sales outstanding
32 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated MNDO YMT SAGT SMSI TRAK INLX Median
Revenue, last 12 months $19m $20m $18m $17m $23m $16m $482m
Revenue growth, last 12 months −9.3% −12.7% 59.1% −9.5% 3.0% −5.5% 12.0%
Revenue growth, 3-year average 1.7% — — −27.5% 6.8% −0.3% 11.1%
Revenue growth, latest quarter — — — −1.8% −3.2% −1.6% 11.9%
Gross margin 51.0% 84.6% 22.7% 77.5% 85.8% 65.2% 69.2%
Operating margin 10.7% −29.7% — −86.4% 33.7% −17.7% 1.1%
Operating margin, 3-year average 20.9% — — −135.0% 28.6% −7.6% −0.8%
Net margin 13.4% −33.2% 9.1% −92.6% 32.5% −17.6% 2.1%
Cash from operations / revenue 20.5% −35.0% 21.4% −53.1% 35.3% 3.9% 18.2%
Free-cash-flow margin 20.3% −35.6% −16.4% −53.8% 35.2% 2.9% 15.0%
Free-cash-flow margin, 3-year average 20.3% — — −52.0% 35.4% 9.2% 16.2%
Stock pay / revenue 1.0% 27.4% 3.2% 12.9% 1.9% 7.7% 9.3%
Change in share count 0.2% 191.4% 81.9% 34.9% −0.8% 6.4% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth -9.3% 12.0% 168 of 184
Change in growth rate Growth -8.5pp +0.2pp 164 of 184
Gross margin Profitability 51.0% 69.8% 117 of 160
Operating margin Profitability 10.7% 1.1% 52 of 181
Net margin Profitability 13.4% 2.1% 48 of 185
Free-cash-flow margin Cash generation 20.3% 15.2% 74 of 180
Stock pay as % of revenue Cash generation 1.0% 9.3% 7 of 177
Change in share count Balance sheet 0.2% 1.7% 65 of 163
Days sales outstanding Balance sheet 32 days 57 days 39 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.7M
Institutions reporting
16
Shares held vs prior quarter
▼ 1.3%
Positions opened / closed
2 / 1

Top buyers and sellers, Q2 2026: 6 institutions bought and 7 sold ; the biggest buyer was Renaissance Technologies LLC (+35K shares) and the biggest seller Morgan Stanley (−44K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Morgan Stanley $941,305 914K 56.0% ▼ 4.6%
Acadian Asset Management LLC $198,000 193K 11.8% 0.0%
Glenorchy Capital Ltd $165,329 161K 9.8% ▼ 5.4%
Citadel Advisors LLC $133,017 129K 7.9% ▲ 30.3%
Rbf Capital, LLC $77,162 75K 4.6% 0.0%
Renaissance Technologies LLC $59,691 58K 3.6% ▲ 157.9%
BNP Paribas Financial Markets $42,713 41K 2.5% ▼ 32.5%
Xtx Topco Ltd $22,137 21K 1.3% New
LPL Financial LLC $11,227 11K 0.7% 0.0%
Centiva Capital, LP $10,698 10K 0.6% ▲ 2.8%
Osaic Holdings, Inc. $8,343 8K 0.5% ▼ 65.4%
Wells Fargo & Company $8,273 8K 0.5% ▼ 3.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mind CTI LTD's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Mind CTI LTD was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mind CTI LTD in brief

What does Mind CTI LTD do?
Mind CTI LTD is a US-listed company in the application software industry. Its financial year ends in December.
What is Mind CTI LTD's stock ticker?
Mind CTI LTD trades under the ticker MNDO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mind CTI LTD's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mind CTI LTD reported revenue of $19.5M, 9.3% lower than a year earlier, according to its SEC filings.
What is Mind CTI LTD's free cash flow?
Mind CTI LTD's free-cash-flow margin is 20.3% of revenue over the trailing twelve months, ranking 74 of the 180 application software companies we cover.
What is Mind CTI LTD's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Mind CTI LTD's free cash flow after stock-based pay gives ~$3.3 per share in the base case, and ~$2.6–$4.2 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Mind CTI LTD's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Morgan Stanley, Acadian Asset Management LLC and Glenorchy Capital Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Mind CTI LTD's market cap?
On December 31, 2025, Mind CTI LTD's market capitalisation was about $23.7M, with a price-to-earnings ratio of 9.1 and net debt of -$8.1M. Market figures come from third-party market data and may be delayed.
Does Mind CTI LTD pay a dividend?
Yes: Mind CTI LTD paid $4.5M in dividends over the trailing twelve months, a dividend yield of 25.40% and a payout ratio of 172.9%.
Who are Mind CTI LTD's competitors?
In our Application Software peer group, the companies closest to Mind CTI LTD are Yimutian Inc., Sagtec Global Ltd, Smith Micro Software, Inc., Repositrak, Inc. and Intellinetics, Inc. The side-by-side comparison below sets their revenue, margins and growth against Mind CTI LTD's.
When is Mind CTI LTD's next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mind CTI LTD announces its own schedule.