Demonstrações financeiras detalhadas de MIND Technology, Inc. (MIND): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
MIND Technology, Inc. registou receitas de $40.9M no último exercício, com um CAGR de 5 anos de 14.1%.
Margens dos últimos 12 meses: margem bruta 44.0%, margem operacional 8.3%, margem líquida 3.1%.
Ao preço atual de $4.10, MIND negocia a um P/L de 25.74 e um ROE de 3.45%. A capitalização de mercado é de $37M.
Demonstração de Resultados (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $41.0M | $48.3M | $42.9M | $29.9M | $21.2M | $23.1M | $25.0M | $36.5M | $46.9M | $40.9M |
| Custo da Receita | $50.8M | $44.3M | $33.7M | $19.5M | $16.7M | $19.3M | $16.4M | $21.7M | $26.8M | $23.2M |
| Lucro Bruto | -$9.8M | $3.9M | $9.2M | $10.5M | $4.5M | $3.8M | $8.6M | $14.8M | $20.0M | $17.8M |
| P&D | 0 | $1.5M | $1.2M | $1.9M | $3.0M | $3.6M | $1.4M | $2.1M | $1.9M | $1.6M |
| Despesas Gerais e Administrativas | $21.5M | $20.7M | $21.1M | $14.1M | $13.3M | $14.8M | $12.9M | $12.1M | $11.3M | $13.3M |
| Despesas Operacionais | $21.5M | $22.2M | $23.5M | $16.0M | $16.3M | $18.4M | $14.3M | $14.3M | $13.2M | $14.9M |
| Lucro Operacional | -$31.3M | -$18.2M | -$14.2M | -$5.5M | -$11.8M | -$14.5M | -$5.7M | $518000 | $6.8M | $2.9M |
| EBITDA | -$3.0M | -$1.6M | -$2.5M | -$3.0M | -$9.0M | -$11.4M | -$3.5M | $2.1M | $8.0M | $3.8M |
| Despesas com Juros | $653000 | 0 | 0 | $46000 | 0 | 0 | $519000 | $675000 | 0 | 0 |
| Lucro Antes de Impostos | -$31.3M | -$20.2M | -$19.6M | -$6.2M | -$13.5M | -$13.6M | -$5.4M | $238000 | $7.1M | $2.9M |
| Imposto | $1.8M | $910000 | $252000 | $353000 | $536000 | -$39000 | $699000 | $1.3M | $2.0M | $2.2M |
| Lucro Líquido | -$33.2M | -$21.1M | -$19.8M | -$11.3M | -$18.4M | -$15.1M | -$8.8M | -$2.1M | $5.1M | $750000 |
| LPA | $-27.47 | $-17.44 | $-16.39 | $-9.30 | $-3.56 | $-2.46 | $-8.98 | $-0.38 | $0.64 | $0.09 |
| LPA Diluído | $-27.90 | $-18.20 | $-17.80 | $-9.30 | $-3.56 | $-2.46 | $-9.20 | $-0.38 | $0.64 | $0.10 |
| Ações em Circulação (Diluídas) | $4.8M | $4.8M | $4.8M | $4.9M | $5.2M | $5.5M | $5.5M | $5.5M | $8.0M | $9.0M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Receita | $9.7M | $9.8M | $9.7M | $5.6M |
| Lucro Bruto | $4.3M | $3.8M | $4.1M | $1.9M |
| Lucro Operacional | $774000 | $78000 | $14000 | -$1.8M |
| EBITDA | $990000 | $419000 | $293000 | -$1.6M |
| Lucro Líquido | $62000 | -$271000 | -$411000 | -$1.7M |
| LPA | $0.01 | $-0.03 | $-0.05 | $-0.19 |
| LPA Diluído | $0.01 | $-0.03 | $-0.05 | $-0.19 |
Balanço (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $2.9M | $9.9M | $9.4M | $3.1M | $4.6M | $5.1M | $778000 | $5.3M | $5.3M | $19.1M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $15.8M | $10.5M | $12.1M | $6.6M | $4.7M | $8.1M | $4.0M | $6.6M | $11.8M | $12.6M |
| Estoque | $12.0M | $10.9M | $10.8M | $13.3M | $11.5M | $14.0M | $15.3M | $13.4M | $13.7M | $11.2M |
| Ativos Circulantes | $35.1M | $33.0M | $36.3M | $30.6M | $26.8M | $29.2M | $22.2M | $28.3M | $32.1M | $44.9M |
| Imobilizado | $43.8M | $22.9M | $14.2M | $16.1M | $6.2M | $6.1M | $5.7M | $2.1M | $2.2M | $2.3M |
| Ágio | $4.0M | $2.5M | $2.5M | $2.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | $9.0M | $8.0M | $10.5M | $8.2M | $6.8M | $6.0M | $4.9M | $2.9M | $2.3M | $1.8M |
| Ativos Totais | $94.7M | $73.7M | $65.3M | $58.2M | $39.8M | $42.0M | $32.9M | $33.5M | $36.7M | $49.3M |
| Contas a Pagar | $1.9M | $1.3M | $1.5M | $1.8M | $1.7M | $2.0M | $4.1M | $1.6M | $2.6M | $1.2M |
| Dívida de Curto Prazo | $6.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Circulantes | $13.5M | $7.5M | $7.4M | $8.4M | $7.8M | $10.7M | $8.9M | $10.3M | $8.6M | $7.4M |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | $850000 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $13.8M | $7.8M | $8.6M | $10.6M | $9.3M | $11.8M | $9.8M | $10.8M | $9.4M | $7.8M |
| Reservas | -$20.5M | -$42.4M | -$64.0M | -$77.3M | -$99.9M | -$117.9M | -$127.6M | -$128.3M | -$108.4M | -$107.7M |
| Patrimônio Líquido | $80.9M | $65.8M | $56.7M | $47.7M | $30.4M | $30.3M | $23.1M | $22.6M | $27.3M | $41.4M |
| Dívida Total | $6.4M | 0 | 0 | $2.3M | $2.3M | $1.8M | $1.7M | $1.3M | $1.3M | $1.1M |
| Dívida Líquida | $3.5M | -$9.9M | -$9.4M | -$790000 | -$2.3M | -$3.3M | $971000 | -$4.0M | -$4.0M | -$18.0M |
| Capital de Giro | $21.6M | $25.5M | $28.9M | $22.2M | $19.0M | $18.5M | $13.3M | $18.1M | $23.5M | $37.4M |
Balanço (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caixa e Equivalentes | $19.4M | $19.1M | $17.7M | $15.8M |
| Ativos Totais | $47.3M | $49.3M | $50.8M | $46.7M |
| Passivos Totais | $7.4M | $7.8M | $9.2M | $6.4M |
| Patrimônio Líquido | $39.9M | $41.4M | $41.5M | $40.3M |
| Dívida Total | $1.3M | $1.1M | $910000 | $839000 |
Fluxo de Caixa (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | -$33.2M | -$21.1M | -$19.8M | -$11.3M | -$14.0M | -$15.1M | -$8.8M | -$1.1M | $5.1M | $750000 |
| Depreciação e Amortização | $28.3M | $16.6M | $11.8M | $7.8M | $2.8M | $2.2M | $1.9M | $1.2M | $944000 | $873000 |
| Compensação em Ações | $737000 | $903000 | $781000 | $854000 | $708000 | $643000 | $654000 | $261000 | $235000 | $1.6M |
| Variação Capital de Giro | $5.2M | $5.7M | -$2.8M | -$5.6M | $5.2M | -$4.3M | $2.3M | -$4.4M | -$5.2M | -$599000 |
| Fluxo de Caixa Operacional | $3.2M | $719000 | -$5.5M | -$5.8M | -$6.4M | -$17.1M | -$2.9M | -$5.0M | $651000 | $2.6M |
| CapEx | -$919000 | -$1.3M | -$2.5M | -$4.0M | -$566000 | -$834000 | -$582000 | -$290000 | -$437000 | -$663000 |
| Aquisições | 0 | 0 | -$147000 | $239000 | $257000 | $761000 | 0 | $10.8M | 0 | 0 |
| Recompra de Ações | -$4000 | -$4.2M | 0 | 0 | 0 | -$2000 | -$1000 | 0 | 0 | 0 |
| Dividendos Pagos | -$486000 | -$905000 | -$1.7M | -$2.0M | -$1.7M | -$2.5M | -$1.9M | -$946000 | 0 | 0 |
| Fluxo de Caixa Livre | $2.2M | -$597000 | -$8.0M | -$9.8M | -$6.9M | -$18.0M | -$3.5M | -$5.3M | $214000 | $1.9M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Fluxo de Caixa Operacional | $894000 | -$1.2M | -$1.3M | -$1.8M |
| CapEx | -$93000 | -$151000 | -$48000 | -$108000 |
| Fluxo de Caixa Livre | $801000 | -$1.4M | -$1.4M | -$1.9M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $283000 | $714000 | $518000 | $543000 |
Crescimento e Margens (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | +17.7% | -11.0% | -30.3% | -29.1% | +8.9% | +8.2% | +46.0% | +28.4% | -12.6% |
| Crescimento Lucro Líquido (anual) | | +36.4% | +5.8% | +43.1% | -63.4% | +18.2% | +41.5% | +76.6% | +345.2% | -85.2% |
| Crescimento LPA (anual) | | +36.5% | +6.0% | +43.3% | +61.7% | +30.9% | -265.0% | +95.8% | +268.4% | -85.9% |
| Variação de Ações (anual) | | +0.1% | +0.2% | +0.3% | +6.8% | +6.2% | +0.1% | -0.3% | +45.0% | +13.4% |
| Crescimento FCF (anual) | | -126.7% | -1238.0% | -22.8% | +29.4% | -159.4% | +80.6% | -50.8% | +104.1% | +798.6% |
| Margem Bruta | -23.9% | 8.2% | 21.5% | 35.0% | 21.3% | 16.5% | 34.4% | 40.5% | 42.7% | 43.4% |
| Margem Operacional | -76.3% | -37.8% | -33.1% | -18.5% | -55.6% | -62.9% | -22.6% | 1.4% | 14.5% | 7.0% |
| Margem EBITDA | -7.4% | -3.3% | -5.9% | -10.1% | -42.4% | -49.4% | -14.1% | 5.7% | 17.1% | 9.2% |
| Margem Líquida | -80.9% | -43.6% | -46.2% | -37.7% | -87.0% | -65.3% | -35.3% | -5.7% | 10.8% | 1.8% |
| Margem FCF | 5.5% | -1.2% | -18.6% | -32.8% | -32.6% | -77.8% | -13.9% | -14.4% | 0.5% | 4.7% |
| Taxa Efetiva de Imposto | -5.8% | -4.5% | -1.3% | -5.7% | -4.0% | 0.3% | -13.0% | 562.2% | 28.1% | 74.1% |
Dados por Ação (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $0.46 | $-0.12 | $-1.65 | $-2.02 | $-1.33 | $-3.26 | $-0.63 | $-0.96 | $0.03 | $0.21 |
| Dividendo por Ação | $0.10 | $0.19 | $0.35 | $0.42 | $0.32 | $0.46 | $0.34 | $0.17 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $4.8M | $4.8M | $4.8M | $4.9M | $5.2M | $5.5M | $5.5M | $5.5M | $8.0M | $9.0M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 3.45% |
| Retorno sobre capital investido | 2.99% |
| Retorno sobre ativos | 2.58% |
| Margem bruta | 43.97% |
| Margem operacional | 8.26% |
| Margem líquida | 3.06% |
Saúde financeira
| Dívida / Patrimônio | 0.02 |
| Liquidez corrente | 5.20 |
Índices Chave (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | -1.77 | -2.16 | -2.43 | -3.05 | -6.01 | -5.61 | -0.73 | -15.79 | 14.48 | 97.22 |
| P/VP | 2.90 | 2.76 | 3.40 | 2.89 | 3.65 | 2.51 | 1.58 | 1.46 | 2.70 | 1.91 |
| P/V | 5.72 | 3.76 | 4.49 | 4.61 | 5.23 | 3.29 | 1.45 | 0.90 | 1.58 | 1.93 |
| Margem Bruta | -23.9% | 8.2% | 21.5% | 35.0% | 21.3% | 16.5% | 34.4% | 40.5% | 42.7% | 43.4% |
| Margem Operacional | -76.3% | -37.8% | -33.1% | -18.5% | -55.6% | -62.9% | -22.6% | 1.4% | 14.5% | 7.0% |
| Margem Líquida | -80.9% | -43.6% | -46.2% | -37.7% | -87.0% | -65.3% | -35.3% | -5.7% | 10.8% | 1.8% |