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Mind Gym ( (GB:MIND) ) has issued an update.
MindGym reported that revenue for the year to 31 March 2026 is expected to fall about 8% to £29.7m, excluding a large prior-year framework deal, but second-half sales were roughly 20% higher than the first half and gross margin improved to 88%. The company anticipates a return to adjusted EBITDA profitability of at least £0.6m, supported by a £5m lower cost base and an increased share of recurring membership revenues, which reached about £2.9m or 10% of annual revenue and are seen as strengthening earnings quality and reducing reliance on one-off training projects.
Management highlighted strong growth in corporate memberships, rising from 13 to more than 60 by year-end and contributing around 17% of second-half revenue, as MindGym advances its shift from episodic training to a strategic behavioural-change partner. Despite challenging market conditions and a small net debt position of £0.4m, the board expects improved cash generation, positive trading momentum into FY27 and scope to keep investing in digital delivery and sales capabilities, with full-year results due in mid-June 2026.
The most recent analyst rating on (GB:MIND) stock is a Hold with a £12.50 price target. To see the full list of analyst forecasts on Mind Gym stock, see the GB:MIND Stock Forecast page.
Spark’s Take on MIND Stock
According to Spark, TipRanks’ AI Analyst, MIND is a Neutral.
Mind Gym’s overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The company’s strategic transformation efforts, while promising, have yet to yield positive financial results. The valuation remains unattractive due to ongoing losses and lack of dividend yield. Despite some positive signs from corporate events, the immediate outlook remains challenging.
To see Spark’s full report on MIND stock, click here.
More about Mind Gym
MindGym is a London-headquartered provider of human capital and business improvement solutions built on proprietary behavioural science products. Listed on AIM under the ticker MIND, the Group operates globally across business transformation, human capital management and learning and development, with offices in London, New York and Singapore.
Average Trading Volume: 20,210
Technical Sentiment Signal: Sell
Current Market Cap: £12.54M
For a thorough assessment of MIND stock, go to TipRanks’ Stock Analysis page.

