Mynd.ai Inc
mynd.aiWhat Do They Do?
Sells interactive displays, accessories and teaching and collaboration software to schools, businesses and public-sector organizations.
20-F for FY2025, filed May 29, 2026We are dedicated to creating a robust, seamless, and comprehensive digital communication and collaboration platform for the education…View ↗
Promethean, our leading subsidiary, is working to transform the way the world learns and collaborates. Promethean produces large touch…View ↗
The principal market in which we compete is the K-12 education market where we provide hardware and accessories, services, and SaaS to…View ↗
How Do They Make Money?
Distributors and resellers pay for hardware and accessories when goods ship or are ready for pickup. End users pay over time for subscriptions and enhanced warranties; they pay for training as it is delivered.
20-F for FY2025, filed May 29, 2026The Company generates most of its revenue from the sales of hardware and accessory products to a global network of distributors and…View ↗
Payments received in advance of providing these enhanced warranty services are recorded in the consolidated balance sheet as contract…View ↗
The Company offers a number of services, generally in the form of a subscription for a set time period, through the use of internally…View ↗
The Company offers training services for the use of its hardware, which is considered to represent a separate performance obligation, as…View ↗
-
20-F for FY2025, filed May 29, 2026
FY2025 revenue by product or service ↗
$167.9M
-
20-F for FY2025, filed May 29, 2026
$167.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Revenue from hardware, proprietary embedded firmware and accessories
Sold outright
20-F for FY2025, filed May 29, 2026 |
93%
FY2022: 98%
|
Revenue from hardware, proprietary embedded firmware and accessories, FY2025
$155.9M Sources
|
Sold outright |
|
Revenue from services
Recurring
|
4.4%
FY2022: 1.3%
|
Revenue from services, FY2025
$7.4M Sources
|
Recurring |
|
Revenue from SaaS
Recurring
|
2.8%
FY2022: 0.7%
|
Revenue from SaaS, FY2025
$4.6M Sources
|
Recurring |
|
Revenue from software upgrade rights
Recurring
|
0.0%
FY2022: <0.1%
|
Revenue from software upgrade rights, FY2025
$0 Sources
|
Recurring |
Who Are Their Customers?
Schools and learning centers typically buy through resellers; outside the U.S., distributors help supply those resellers. The company also serves other education, government and workplace customers through its channel, while end users buy subscriptions, training and enhanced warranties.
20-F for FY2025, filed May 29, 2026The K-12 education market is highly fragmented, with as many as 61.8 million K-12 classrooms estimated worldwide outside of China. K-12…View ↗
We believe that our channel-based go-to-market ("GTM") organization is one of the most robust and developed in the K-12 education market.…View ↗
The principal market in which we compete is the K-12 education market where we provide hardware and accessories, services, and SaaS to…View ↗
In those jurisdictions where a three-year warranty is considered standard, the Company also separately sells enhanced five-year and…View ↗
The Company offers a number of services, generally in the form of a subscription for a set time period, through the use of internally…View ↗
The Company offers training services for the use of its hardware, which is considered to represent a separate performance obligation, as…View ↗
20-F for FY2025, filed May 29, 2026
During the years ended December 31, 2025, 2024 and 2023, one customer represented $32,732, $43,163, and $84,262 (or 19%, 16%, and 20%) of…View ↗
Do Revenues Turn Into Profits?
No. It lost $54.1M in FY2025.
20-F for FY2025, filed May 29, 2026
−$50.1MView ↗
20-F for FY2025, filed May 29, 2026
−$54.1MView ↗
20-F for FY2025, filed May 29, 2026
−$45.6MView ↗
How Are They Changing?
Shrinking. Revenue fell 63% in 4 years, from $448.2M in FY2021 to $167.9M in FY2025, about 22% a year.
From early-childhood services to displays
The older report described play-and-learn centers, kindergartens, student care and an education-services platform. The latest centers on interactive displays, accessories and software for education, business and public-sector customers.
20-F for FY2022, filed Apr 28, 2023 20-F for FY2025, filed May 29, 2026We provide kindergarten services, play-and-learn center services, student care services, as well as at-home education products and…View ↗
Who Do They Compete With?
Competes with Smart Technologies, ViewSonic, Newline, Dell Computers, Samsung, Panasonic, and ClearTouch
20-F for FY2025, filed May 29, 2026The interactive education industry is highly competitive and characterized by frequent product introductions and rapid technological…View ↗
Loading...
