Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data MindWalk Holdings Corp. files with the SEC in its annual reports.
In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
14.1
17.9
19.4
20.7
24.5
24.5
Cost of revenue
6.02
6.37
8.38
9.1
12.5
11
Gross profit
8.03
11.5
11
11.6
12.1
13.5
Research and development
0.45
1.97
7.66
14.1
4.04
4.94
General and administrative
15.4
19.8
Interest expense
0.15
0.8
0.98
0.75
0.4
0.2
Pre-tax income
-5.29
-6
-15.8
-27.8
-28.7
-34.3
Income tax
-0.35
1.35
0.86
-1.19
-2.59
-4.03
Income from continuing operations
-5.29
-6
-15.8
-27.8
-28.7
-34.3
Net income
-4.95
-7.34
-16.7
-26.6
-26.1
-30.2
EPS, basic
-0.36
-0.45
-0.85
-1.07
-1.02
-0.91
EPS, diluted
-0.36
-0.45
-0.85
-1.07
-1.02
-0.91
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
2.69
41.8
30
8.37
3.55
10.8
Inventory
0.82
1.2
1.62
2.06
2.14
2.1
Total current assets
7.7
48.9
37.5
16.8
11.5
18.8
Property, plant and equipment
3.08
4.02
3.56
10.4
16.7
15.8
Lease right-of-use assets
1.87
1.01
7.44
13.4
Goodwill
7.91
7.78
19.6
19.2
7.69
8.23
Intangible assets
8.29
6.06
32.4
30.9
23.6
1.07
Total assets
27.3
67
93.6
77.8
60
44.4
Total current liabilities
7.93
6.07
9.29
5.92
8.12
9.01
Lease liabilities
1.13
0.94
0.34
6.15
12.1
11.6
Total liabilities
12.2
10
18.4
20
24.3
20.8
Total debt
0.31
Retained earnings
-22.5
-29.8
-46.5
-73.1
-98.6
-129
Total equity
15.1
56.9
75.3
58.5
35.7
23.6
Total liabilities and equity
27.3
67
93.6
77.8
60
44.4
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-4.95
-7.34
-16.7
-26.6
-26.1
-30.2
Depreciation and amortization
2.57
2.74
2.57
Cash from operations
-1.39
-0.6
-9.92
-19.8
-3.18
-6.41
Capital expenditures
-0.37
-1.38
-1.07
-1.5
-1.4
-0.8
Cash from investing
-1.58
-2.46
-5.21
-1.97
-1.56
-0.8
Debt issued
0.28
Debt repaid
-0.08
-0.03
Stock issued
0.49
44.2
3.85
0.72
2.36
12.2
Cash from financing
0.17
43.4
2.88
-0.62
1.02
14.9
Exchange rate effect
-0.05
-1.18
0.46
0.74
-1.1
-0.44
Free cash flow
-1.77
-1.98
-11
-21.3
-4.58
-7.21
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.
Profitability
Metric
Value
How it is calculated
Gross margin
55.3%
Gross profit / revenue.
Pre-tax margin
-139.8%
Pre-tax income / revenue.
Net margin
-123.3%
Net income / revenue.
FCF margin
-29.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-26.1%
Cash from operations / revenue.
Return on assets (ROA)
-57.9%
Net income / average total assets.
R&D / revenue
20.2%
Research and development expense / revenue.
Capex / revenue
3.3%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
0.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
8.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
11.8%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
12.4%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
7.2%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
11.0%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-25.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-22.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
10.3%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.08x
Current assets / current liabilities.
Quick ratio
1.20x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.20x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
46.8%
Total liabilities / total assets.
Working capital
CA$9.7M
Current assets - current liabilities.
Goodwill and intangibles / assets
20.9%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.47x
Revenue / average total assets.
Fixed asset turnover
1.51x
Revenue / average property, plant and equipment.
Inventory turnover
5.18x
Cost of revenue / average inventory.
Days inventory
70 days
365 x average inventory / cost of revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
-CA$0.91
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-CA$0.91
Net income per basic share, as reported (split-adjusted).
What was MindWalk Holdings Corp.'s revenue in fiscal 2025?
MindWalk Holdings Corp. reported revenue of CA$24.5M for fiscal 2025, 0% higher than the year before.
Was MindWalk Holdings Corp. profitable in fiscal 2025?
No. It reported a net loss of CA$30.2M.
How much free cash flow did MindWalk Holdings Corp. generate in fiscal 2025?
Cash from operations of CA$6.4M minus capital expenditures of CA$799.0K left free cash flow of -CA$7.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.