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MARKETS / NASDAQ / Technology / Custom programming / MNDO
NASDAQ · SERVICES-COMPUTER PROGRAMMING SERVICES · SMALL CAP

Mind CTI Ltd. MNDO

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$19.5M
▼ 9.3% YoY
$2.6M
▼ 43.8% YoY
$4.0M
▼ 3.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We develop, manufacture, market and implement convergent billing and customer care software solutions for communication service providers, including traditional wireline and wireless, voice over IP, or VoIP, broadband IP network operators, wireless internet service providers, or WISPs, LTE and 5G carriers, and mobile virtual network operators, or MVNOs. Our headquarters are located in Yoqneam, Israel, approximately 50 miles north of Tel Aviv. We lease approximately 5,800 square feet at our Yoqneam headquarters, approximately 3,000 square feet in Luneburg, Germany, approximately 1,600 square feet in Plochingen, Germany, approximately 7,900 square feet in Iasi, Romania, and approximately 2,080 square feet in Suceava, Romania. Our messaging solutions are used by more than 100 enterprise customers, mostly in Germany.

Written from the business description in MIND C.T.I. Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 18 March 2026. Every sentence was checked against that document before publication.

Growth

USD 19.5M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 19.5 · Net income 2.6
10M20M
2009201220152018202120242025
Compound annual growth
−3.3%
−3.6%
−0.7%
−0.1%
−21.0%
−13.5%
−6.3%
−4.1%
−20.6%
−13.6%
−6.7%
−4.5%
−5.4%
−1.7%
−3.1%
+0.6%
−4.9%
−1.2%
−2.4%
+1.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −3.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 10.7% · Net 13.4%
50%100%
200920172025
ROE
FY2025 · ROE 11.0%
50%
200920172025
Three returns, three denominators.
Gross margin51.0%
Operating margin10.7%
Net margin13.4%
EBITDAUSD 2.2M

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders

USD 4.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 4.0
2.5M5.0M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 4.5 · Net buybacks ·
10M20MDividendsNet buybacks
200920112013201520172019202120232025
Dividends paidUSD 4.5M
Net buybacks·
Share of profit172.9%
Consecutive raises·

USD 4.5M in dividends — 173% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 30.2M
EquityUSD 23.0M
CashUSD 8.1M
Current ratio3.83×

Equity funds 76% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
MNDO, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
EBITDA $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.0−0.00.00.0
Net income $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
EPS, diluted $0.130.220.250.260.290.270.250.270.290.220.260.290.120.230.230.261.04
Dividend / sh $0.220.240.240.260.260.240.260.300.320.270.300.240.240.240.320.20◌
Payout %17310594998789100113110124115832071051397675
ROE %11.019.021.422.225.423.923.624.426.519.522.725.39.918.518.320.896.2
Shares out B0.020.020.020.020.020.020.020.020.020.020.02◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 84 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Computer Programming Services
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2008

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