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MindForge Inc. (NASDAQ:MF)
CN · Delayed Price · Currency is USD
Also listed: UBXGTechnology · Software - Application
5.84-2.53 (-30.23%)
Market cap
$10.6M
Insider Score
Health Score
Listed since
Mar 28, 2024
Website
Insider Score
––Not scored
MF Insider Score
No insider has filed an open-market purchase or sale here in the last 90 days, so there is nothing to score yet.
Financial Health Score
Fair
From MF’s reported statements · Q4 2025 (trailing 12 months)
Profitability0 / 20
Loses money on what it sells.
- Revenue
- $63.6M
- Net income
- -$13.4M
- Net margin
- -21.1%
Leverage20 / 20
Little or no net debt.
- Total debt
- $0
- Cash
- $9.9M
- Debt / equity
- 0.00
Liquidity20 / 20
Comfortably covers what is due within a year.
- Current assets
- $17.9M
- Current liabilities
- $870K
- Current ratio
- 20.55
Cash generation9 / 20
Roughly cash-neutral.
- Operating cash flow
- -$3.4M
- Free cash flow
- -$2.4M
- FCF margin
- -3.8%
Dilution & runway0 / 20
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 1.1M
- Share growth (1y)
- 1765.2%
- Cash runway
- 35 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
MF Income Statement
| Fiscal Period | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 |
|---|---|---|---|---|---|---|
| Period Ending | Dec 31, 2025 | Jun 30, 2025 | Dec 29, 2024 | Jun 30, 2024 | Dec 30, 2023 | Jun 30, 2023 |
| Revenue | 11.65 M | 12.39 M | 17.29 M | 22.32 M | 29.28 M | 37.84 M |
| Revenue Growth (YoY) | -60.21 % | -67.27 % | -69.39 % | -34.12 % | -44.54 % | 123.93 % |
| Cost of Revenue | 11.62 M | 12.34 M | 17.08 M | 22.20 M | 28.71 M | 37.25 M |
| Gross Profit | 29.96 K | 43.50 K | 208.19 K | 115.46 K | 578.86 K | 596.36 K |
| SG&A Expense | 10.24 M | 2.78 M | 578.91 K | 760.10 K | 807.11 K | 811.56 K |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 10.24 M | 2.78 M | 578.91 K | 760.10 K | 778.24 K | 811.56 K |
| Operating Income | -10.21 M | -2.73 M | -370.72 K | -644.64 K | -228.25 K | -215.20 K |
| Pretax Income | -10.23 M | -3.30 M | 346.43 K | -403.78 K | -202.33 K | -311.87 K |
| Tax Provision | -49.79 K | -236.58 K | 570.00 | 127.93 K | 14.51 K | -203.46 K |
| Net Income | -10.18 M | -3.06 M | 345.86 K | -531.71 K | -216.83 K | 26.25 K |
| EPS (Basic) | -9.00 | -13.75 | 4.50 | -4.00 | -3.56 | 0.22 |
| EPS (Diluted) | -9.00 | -13.75 | 4.50 | -4.00 | -3.56 | 0.22 |
| Shares Outstanding | 1.14 M | 222.51 K | 77.63 K | 65.29 K | 60.96 K | 60.00 K |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.
Disclaimer — Informational only — not investment advice. Insider transaction data is sourced from SEC Form 4 filings; market data from public feeds and may be delayed. The Insider Score is a proprietary score for research purposes and does not predict future performance. Always do your own research.