Mynd.ai (MYND) Gross Margin (2016 - 2022)
Mynd.ai (MYND) posted Gross Margin of 12.61% for Q2 2022, down 41.12% sequentially from 21.42% in Q4 2021, and down 1460.0% YoY from 0.93% in Q2 2021.
Mynd.ai (MYND) Gross Margin (2016 - 2022) Analysis & Trends
Mynd.ai has reported Gross Margin for 7 years, with the latest figure at 12.61% in Q2 2022.
- Quarterly Gross Margin fell 1460.0% year-over-year to 12.61% in Q2 2022, while the trailing twelve-month figure through Jun 2022 was 20.49% (up 170.0% YoY) and the FY2025 annual result came in at 21.01%, down 376.0% from the prior year.
- Gross Margin eased to 12.61% in Q2 2022 per MYND's latest filing, from 21.42% in the prior quarter.
- Over five years, Gross Margin peaked at 33.46% in Q2 2018 and troughed at 74.73% in Q2 2020.
- A 5-year average of 4.62% and a median of 9.31% in 2021 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2020 and 2021: Gross Margin sank 9701 bps in 2020, then jumped 10194 bps in 2021.
- Over 5 years, Gross Margin stood at 17.55% in 2018, then climbed by 11 bps to 19.43% in 2019, then soared by 30 bps to 25.35% in 2020, then decreased by 15 bps to 21.42% in 2021, then sank by 41 bps to 12.61% in 2022.
- According to Business Quant data, Gross Margin over the past three periods registered 12.61%, 21.42%, and 7.17% for Q2 2022, Q4 2021, and Q3 2021 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.75 Bn | 82.75 Bn | 812.22 Mn | 53.10% |
| 2 | 51Talk Online Education | 7.47 Bn | 7.44 Bn | 22.97 Mn | 73.66% |
| 3 | Laureate Education | 5.19 Bn | 5.02 Bn | 237.67 Mn | 38.59% |
| 4 | Graham Holdings | 5.04 Bn | 3.79 Bn | 777.03 Mn | 59.66% |
| 5 | Covista | 4.62 Bn | 4.62 Bn | 284.63 Mn | 56.77% |
| 6 | Grand Canyon Education | 3.76 Bn | 3.48 Bn | 204.08 Mn | 77.29% |
| 7 | Stride | 3.54 Bn | 2.58 Bn | 217.28 Mn | 34.16% |
| 8 | TAL Education | 2.30 Bn | -377.25 Mn | 227.32 Mn | 52.92% |
| 9 | McGraw Hill | 2.26 Bn | 2.00 Bn | 388.89 Mn | 83.86% |
| 10 | Mynd.ai | 169.07 Mn | 150.59 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2022 | 12.61% |
| Dec 31, 2021 | 21.42% |
| Sep 30, 2021 | 7.17% |
| Jun 30, 2021 | 27.21% |
| Mar 31, 2021 | 9.31% |
| Dec 31, 2020 | 25.35% |
| Sep 30, 2020 | 6.20% |
| Jun 30, 2020 | -74.73% |
| Mar 31, 2020 | -66.93% |
| Dec 31, 2019 | 19.43% |
| Sep 30, 2019 | 7.14% |
| Jun 30, 2019 | 22.28% |
| Mar 31, 2019 | 5.36% |
| Dec 31, 2018 | 17.55% |
| Sep 30, 2018 | 3.46% |
| Jun 30, 2018 | 33.46% |
| Mar 31, 2018 | 2.17% |
| Dec 31, 2017 | 19.14% |
| Sep 30, 2017 | 24.08% |
| Jun 30, 2017 | 24.73% |