MNDO (MIND C.T.I. Ltd) Stock Financials & Earnings

MNDOMIND C.T.I. Ltd

Mkt Cap$25M

Technology·Software - Application·🇮🇱 Israel·NASDAQ

Revenue (TTM)$20M

Net Income (TTM)$3M

EPS (TTM)$0.14

Free Cash Flow (TTM)$3M

Gross Margin51.1%

Op. Margin13.2%

Net Margin14.6%

FCF Margin15.5%

P/S Ratio (TTM)1.3x

P/E Ratio (TTM)8.8x

YoY Rev Growth-9.5%

Employees—

Earnings Reports

▶Q3 2025

MIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates billing and customer care systems in the Americas, Europe, Israel, the Asia Pacific, an...

CEO Ariel GlassnerIPO Aug 8, 2000mindcti.com

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$5M	$3M	$1M
Q1 23	$5M	$3M	$1M
Q2 23	$5M	$3M	$1M
Q3 23	$5M	$3M	$1M
Q4 23	$6M	$3M	$1M
Q1 24	$6M	$3M	$1M
Q2 24	$5M	$3M	$1M
Q3 24	$5M	$2M	$743K
Q4 24	$5M	$3M	$1M
Q1 25	$5M	$3M	$370K
Q2 25	$5M	$2M	$266K
Q3 25	$5M	$3M	$644K

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 22	2.1x	8.5x
Q1 23	1.9x	7.8x
Q2 23	1.9x	7.9x
Q3 23	1.8x	7.7x
Q4 23	1.9x	8.0x
Q1 24	1.7x	7.3x
Q2 24	1.7x	7.3x
Q3 24	1.8x	8.3x
Q4 24	1.9x	8.8x
Q1 25	1.8x	9.7x
Q2 25	1.4x	8.9x
Q3 25	1.2x	8.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$1M	$1M
Q1 23	$554K	$512K
Q2 23	$2M	$2M
Q3 23	$977K	$968K
Q4 23	$711K	$700K
Q1 24	$877K	$877K
Q2 24	$2M	$2M
Q3 24	$952K	$947K
Q4 24	$308K	$305K
Q1 25	$685K	$680K
Q2 25	$921K	$916K
Q3 25	$1M	$1M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$17K
Q1 23	$42K
Q2 23	$2K
Q3 23	$9K
Q4 23	$11K
Q1 24	$0
Q2 24	$2K
Q3 24	$5K
Q4 24	$3K
Q1 25	$5K
Q2 25	$5K
Q3 25	$10K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-10.0%	-4.1%
Q1 23	-3.6%	+2.8%
Q2 23	+0.3%	+6.3%
Q3 23	+0.2%	+4.6%
Q4 23	+4.5%	+7.1%
Q1 24	+5.1%	+8.2%
Q2 24	+0.4%	+0.6%
Q3 24	-1.1%	+10.3%
Q4 24	-7.3%	-12.9%
Q1 25	-13.3%	+2.3%
Q2 25	-9.9%	+6.7%
Q3 25	-7.4%	-6.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$69K	1.3%
Q1 23	$68K	1.2%
Q2 23	$73K	1.4%
Q3 23	$72K	1.4%
Q4 23	$68K	1.2%
Q1 24	$64K	1.1%
Q2 24	$64K	1.2%
Q3 24	$62K	1.2%
Q4 24	$62K	1.2%
Q1 25	$58K	1.2%
Q2 25	$49K	1.0%
Q3 25	$47K	1.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 22	$837K	$389K	$344K
Q1 23	$900K	$229K	$265K
Q2 23	$905K	$439K	$299K
Q3 23	$865K	$354K	$240K
Q4 23	$868K	$395K	$358K
Q1 24	$882K	$351K	$315K
Q2 24	$841K	$587K	$301K
Q3 24	$841K	$341K	$331K
Q4 24	$827K	$404K	$339K
Q1 25	$894K	$889K	$356K
Q2 25	$995K	$531K	$358K
Q3 25	$1M	$459K	$352K

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q4 22	-10.0%	26.5%	16.4
Q1 23	-3.6%	27.4%	23.8
Q2 23	0.3%	24.1%	24.4
Q3 23	0.2%	26.7%	26.9
Q4 23	4.5%	27.6%	32.1
Q1 24	5.1%	25.7%	30.7
Q2 24	0.4%	23.8%	24.3
Q3 24	-1.1%	18.9%	17.8
Q4 24	-7.3%	27.5%	20.2
Q1 25	-13.3%	12.4%	-1.0
Q2 25	-9.9%	12.5%	2.6
Q3 25	-7.4%	16.8%	9.4

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$5M	$12M	$17M
Q1 23	$7M	$11M	$18M
Q2 23	$6M	$9M	$15M
Q3 23	$3M	$13M	$16M
Q4 23	$3M	$14M	$17M
Q1 24	$5M	$13M	$17M
Q2 24	$3M	$11M	$15M
Q3 24	$3M	$13M	$16M
Q4 24	$4M	$11M	$16M
Q1 25	$3M	$12M	$15M
Q2 25	$3M	$9M	$11M
Q3 25	$5M	$7M	$12M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	20M	+0.2%
Q1 23	20M	+0.1%
Q2 23	20M	+0.2%
Q3 23	20M	+0.1%
Q4 23	21M	+0.1%
Q1 24	21M	+0.1%
Q2 24	21M	+0.6%
Q3 24	21M	+0.2%
Q4 24	21M	+0.1%
Q1 25	21M	-0.5%
Q2 25	21M	+0.5%
Q3 25	21M	+0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 13	$76K	243
FY 14	$103K	242
FY 15	$93K	224
FY 16	$112K	161
FY 17	$120K	151
FY 18	$126K	144
FY 19	$210K	108
FY 20	$234K	100
FY 21	$123K	214
FY 22	$141K	153
FY 23	$150K	144
FY 24	$158K	136