MindWalk Holdings (HYFT) Financial Statements & Analysis

MindWalk Holdings (HYFT) Income Statement

MindWalk Holdings reported revenue of CAD 15.32M in fiscal 2026 (fiscal year ended Apr 30, 2026), up 44.2% from CAD 10.63M a year earlier. MindWalk Holdings posted a net loss of CAD 13.74M, compared with a net loss of CAD 30.23M a year earlier. Gross margin was 58.8% and operating margin -96.0%. In the most recent quarter, Q1 fiscal 2027 (ended Jul 31, 2026), revenue was CAD 3.83M, up 21.3% from the same quarter a year earlier.

MindWalk Holdings Income Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

MindWalk Holdings Corp. income statement - Annual data in millions CAD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Apr 2026	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Jul 2020	Apr 2019	Apr 2018	Apr 2017
Revenue & Gross Profit
Revenue	15.32	10.63	10.28	20.67	19.36	17.91	14.72	10.93	5.44	2.63
Cost of Revenue	6.31	4.90	6.19	9.10	8.38	6.51	15.30	5.63	2.99	1.21
Gross Profit	9.01	5.73	4.09	11.56	10.98	11.40	-0.58	5.29	2.45	1.42
Operating Expenses
Research & Development	4.86	4.21	3.74	14.10	7.66	1.97	0.47	0.49	0.51	0.66
Selling, General & Administrative	18.86	15.72	15.50	18.99	18.06	10.59	3.24	8.15	5.80	1.98
Operating Expenses	23.72	21.32	36.63	37.17	27.73	18.06	3.71	11.52	7.38	2.81
Operating Income	-14.71	-15.59	-32.54	-25.61	-16.75	-6.65	-4.29	-6.23	-4.93	-1.39
Other Income/Expense
Interest Income	0.00	0.00	0.02	0.12	0.28	0.28	0.28	0.03	0.07	0.00
Interest Expense	0.00	0.31	-0.02	0.03	-0.09	-0.64	0.74	0.86	0.08	0.02
Other Income/Expense	-0.61	-21.74	0.38	-2.23	0.90	-0.22	-1.25	-1.39	-0.13	-4.08
Income
Income Before Tax	-15.31	-37.63	-32.16	-27.75	-15.85	-6.00	-5.54	-7.61	-5.06	-5.47
Income Tax Expense	-0.44	-4.48	-2.86	-1.19	0.86	1.35	-0.36	0.00	0.11	-0.08
Net Income	-13.74	-30.23	-26.12	-26.56	-16.71	-7.34	-5.18	-7.62	-5.17	-5.38
Net Income - Continuous Operations	-13.74	-33.15	-26.12	-26.56	-16.71	-7.34	-5.18	-7.62	-5.17	-5.38
Net Income - Discontinued Operations	1.15	2.91	3.19	-	-	-	-	-	-	-
EBITDA	-13.13	-32.21	-11.77	-21.04	-12.98	-4.60	-1.24	-4.03	-4.35	-5.40
EBIT	-14.94	-37.33	-17.51	-27.72	-16.75	-6.65	-	-	-	-
Depreciation & Amortization	1.58	1.53	3.72	4.41	3.77	2.06	3.57	2.26	0.46	0.05
Earnings Per Share
Basic EPS	-	-1.00	-1.00	-1.00	-1.00	-	-	-1.00	-1.00	-1.00
Diluted EPS	-	-1.00	-1.00	-1.00	-1.00	-	-	-1.00	-1.00	-1.00
Basic Shares Outstanding	46.38	33.39	25.64	24.90	19.69	16.47	13.63	12.54	9.11	3.96
Diluted Shares Outstanding	46.38	33.39	25.64	24.90	19.69	16.47	13.63	12.54	9.11	3.96

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About MindWalk Holdings Financial Statements

What was MindWalk Holdings's revenue in fiscal 2026?

MindWalk Holdings reported revenue of CAD 15.32M in fiscal 2026 (fiscal year ended Apr 30, 2026). That was up 44.2% from CAD 10.63M a year earlier.

Is MindWalk Holdings profitable?

No. MindWalk Holdings reported a net loss of CAD 13.74M in fiscal 2026. In fiscal 2025 it lost CAD 30.23M.

What is MindWalk Holdings's operating margin?

MindWalk Holdings's operating income was −CAD 14.71M on revenue of CAD 15.32M in fiscal 2026, an operating margin of -96.0%, compared with -146.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition