Mind Gym (MIND) AI Stock Analysis

• Market Cap: £17.54M
• Dividend Yield: N/A
• Average Volume (3M): 3.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.49
• Revenue Growth: -14.04%
• EPS Growth: 24.84%
• Country: UK
• Employees: 256
• Sector: Industrials
• Sector Strength: 94
• Industry: Specialty Business Services
• EPS (TTM): -0.07
• Shares Outstanding: 100,338,880
• 10 Day Avg. Volume: 3,578
• 30 Day Avg. Volume: 3,274
• PEG Ratio: <0.01
• Price to Book (P/B): 4.94
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 48 Neutral
• Price Target: ―

Mind Gym's overall stock score is primarily impacted by financial performance struggles and valuation challenges. Technical indicators also suggest caution, although recent strategic shifts and a return to profitability offer some optimism.

Mind Gym Business Overview & Revenue Model

Company Description

Mind Gym plc operates as a behavioral science company in the United Kingdom, Singapore, the United States, and Canada. It offers research, strategic advice, management and employee development, employee communication, and related services. The company also provides various solutions for performance management; leadership development; diversity, equity, and inclusion; onboarding; personal effectiveness; respect; customer services; change; and ethics. Mind Gym plc was incorporated in 1999 and is based in London, the United Kingdom.

How the Company Makes Money

Mind Gym makes money primarily through the sale of its corporate training services to businesses and organizations worldwide. Its revenue model is based on a combination of direct sales of workshops and training sessions, licensing of its digital learning platforms, and consulting fees for tailored coaching programs. Key revenue streams include contracts with large enterprises seeking to enhance their leadership and employee engagement initiatives. The company also benefits from long-term partnerships with organizations committed to ongoing developmental support, thereby generating recurring income. Additionally, Mind Gym leverages its expertise in behavioral science to offer premium consulting services, which further contribute to its earnings.

Mind Gym Financial Statement Overview

Summary

Mind Gym faces financial challenges with declining revenues and profitability issues. Despite some cash flow improvements, the overall financial health is undermined by operational difficulties and balance sheet vulnerabilities.

Income Statement

Mind Gym has shown a declining revenue trend over the past few years, with significant fluctuations in profitability. The gross profit margin remains relatively strong but the net profit margin has deteriorated due to consistent net losses. Negative EBIT and EBITDA margins indicate operational challenges.

Balance Sheet

The company's debt-to-equity ratio is manageable, suggesting a conservative use of leverage. However, declining stockholders' equity and increasing liabilities signal potential balance sheet vulnerabilities. The equity ratio has decreased, revealing reduced financial stability.

Cash Flow

Mind Gym's cash flow situation shows some improvement with positive operating cash flow recently, after a period of deficits. Free cash flow has fluctuated but remains positive, which is a positive indicator of liquidity management. However, the volatility in cash flows raises sustainability concerns.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	38.61M	44.91M	55.01M	48.67M	39.38M
Gross Profit	33.44M	38.72M	48.65M	42.38M	34.42M
EBITDA	-3.56M	-9.20M	5.35M	1.25M	947.00K
Net Income	-8.19M	-10.89M	2.94M	1.60M	-232.00K
Balance Sheet
Total Assets	12.41M	22.38M	37.42M	34.64M	34.59M
Cash, Cash Equivalents and Short-Term Investments	570.00K	1.37M	7.59M	10.02M	16.83M
Total Debt	1.16M	2.02M	3.11M	2.21M	3.17M
Total Liabilities	8.86M	10.54M	14.60M	15.01M	17.13M
Stockholders Equity	3.55M	11.84M	22.81M	19.63M	17.45M
Cash Flow
Free Cash Flow	431.00K	-4.90M	-1.50M	-5.79M	2.19M
Operating Cash Flow	1.93M	-665.00K	3.63M	352.00K	5.41M
Investing Cash Flow	-1.50M	-4.20M	-5.07M	-6.13M	-3.20M
Financing Cash Flow	-1.10M	-1.26M	-1.32M	-1.20M	-1.03M

Mind Gym Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 17.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MIND, the sentiment is Neutral. The current price of 17.5 is above the 20-day moving average (MA) of 17.48, below the 50-day MA of 17.96, and below the 200-day MA of 20.60, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 46.69 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:MIND.

Mind Gym Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KEYS	78 Outperform	£196.33M	22.84	45.84%	287.92%	13.00%	11.16%
KGH	77 Outperform	£148.89M	13.07	11.37%	262.25%	5.40%	19.01%
CPI	69 Neutral	£352.05M	4.55	49.03%	―	-10.33%	―
Sector *	67 Neutral	£2.83B	10.49	4.69%	212.98%	2.73%	-20.56%
RST	67 Neutral	£372.43M	29.76	5.32%	194.43%	-0.65%	―
DSW	61 Neutral	£15.08M	13.82	11.18%	291.67%	-0.95%	―
MIND	48 Neutral	£17.54M	―	-106.45%	―	-14.04%	24.84%

Mind Gym Corporate Events

Mind Gym Launches SAYE and ESPP Schemes to Boost Employee Engagement

Mind Gym has launched the seventh year of its Save As You Earn (SAYE) Scheme for eligible employees in the UK and Singapore, offering options over the company’s ordinary shares at a discounted exercise price. Additionally, the company has introduced an Employee Stock Purchase Plan (ESPP) for US employees. Despite the low participation rate in both schemes, these initiatives aim to enhance employee engagement and align interests with the company’s performance.

MindGym Reschedules AGM to Ensure Shareholder Participation

MindGym, a global provider of human capital and business improvement solutions, announced the adjournment of its Annual General Meeting (AGM) initially scheduled for 16 July 2025, due to an administrative error that prevented some shareholders from receiving the necessary documents electronically. To ensure all shareholders have adequate time to review the resolutions and exercise their voting rights, the AGM will now be held on 17 September 2025. This decision underscores MindGym’s commitment to best practices in corporate governance and transparency.

MindGym Returns to Profitability Amid Strategic Shift

MindGym has announced its audited results for the year ending March 31, 2025, highlighting a return to adjusted EBITDA profitability as it transitions from an episodic training provider to a behavior change partner. Despite a 14% decline in revenue to £38.6 million, the company achieved a £1.9 million adjusted EBITDA profit, a significant improvement from the previous year’s loss. Strategic initiatives include launching subscription solutions, signing new technology partnerships, and introducing new products like the AI-based coaching tool Lio. The company is focusing on scalable growth, aligning products with its High-Performance Behaviour Model, and accelerating digitization efforts. While facing challenging market conditions, particularly in the US, MindGym remains optimistic about modest revenue growth in FY26 and aims for a 10% CAGR in the medium term.