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NASDAQ · Technology

MindForge Inc. (MF)

MindForge Inc. reported revenue of $29.7M in fiscal 2025, down 42.5% from a year earlier. It posted a net loss of $2.7M. At June 30, 2025 it held $11.2M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on October 24, 2025.

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Price
$13.41
-3.20% on the day · September 25, 2026
52-week range $2.12 to $83.50
Market cap
$24.4M
Revenue (FY2025)
$29.7M
-42.5% year on year
Net margin
-9.2%

What MindForge Inc. does

MindForge Inc. is registered with the SEC under industry code SIC 7370 (Services-Computer Programming, Data Processing, Etc.). Its shares trade on NASDAQ under the ticker MF.

Revenue and profit by year

Revenue
FY22: $86.7M $86.7M FY22FY24: $94.3M $94.3M FY24FY24: $51.6M $51.6M FY24FY25: $29.7M $29.7M FY25
Net income
FY22: -$49K -$49K FY22FY24: $205.9K $205.9K FY24FY24: -$748.5K -$748.5K FY24FY25: -$2.7M -$2.7M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$29.7M-$3.1M-$2.7M-$0.37n/a
2024$51.6M-$872.9K-$748.5K-$0.48-$1.4M
2024$94.3M$153.9K$205.9K$0.16-$285.8K
2022$86.7M$126.6K-$49K$0.00$360.1K

Full financial statements: income, balance sheet and cash flow

Where MF ranks in Technology

Revenue$29.7M
#493 of 638 in Technology · Bottom 23%
Revenue growth-42.5%
#552 of 554 in Technology · Bottom 1%
Net margin-9.2%
#403 of 560 in Technology · Bottom 28%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Latest SEC filings

What MindForge Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. July 17, 2026
  2. May 27, 2026
  3. May 8, 2026
  4. April 28, 2026
  5. April 28, 2026
  6. April 27, 2026
  7. April 27, 2026
  8. April 3, 2026
  9. December 9, 2025
  10. November 26, 2025

Who owns MF

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Jian Chen13D, may seek influence 77.5% 7,592,185 March 20, 2025

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

We have not read this company's Form 4 filings yet.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about MF

What does MindForge Inc. do?

MindForge Inc. is registered with the SEC under industry code SIC 7370 (Services-Computer Programming, Data Processing, Etc.). Its shares trade on NASDAQ under the ticker MF.

Is MindForge Inc. profitable?

No. In fiscal 2025 it reported a net loss of $2.7M on revenue of $29.7M.

How much revenue does MindForge Inc. make?

In fiscal 2025 MindForge Inc. reported revenue of $29.7M. That is 42.5% less than a year earlier.

When did MindForge Inc. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on October 24, 2025. It covers the period to June 30, 2025. Its newest filing of any kind is the foreign issuer update from July 17, 2026.

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Where the numbers come from

Financial figures are the values MindForge Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.