MindArk PE AB (XSAT:MNDRK) Operating Income: kr-4.23 Mil (TTM As of Mar. 2026)

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XSAT:MNDRK MindArk PE AB XSAT:MNDRK
57 GF Score
Price kr0.88
GF Value kr1.37
Valuation Possible Value Trap
! 4 Warning Signs
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What is MindArk PE AB Operating Income?

MindArk PE AB XSAT:MNDRK +18.24% 57 Operating Income is kr-4.23 Mil as of Mar. 2026. GuruFocus rates XSAT:MNDRK with a GF Score™ of 57/100 and a GF Value™ of kr1.37 (Possible Value Trap). The stock has 4 warning signs investors should review.

MindArk PE AB's Operating Income for the three months ended in Mar. 2026 was kr-5.60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr-4.23 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. MindArk PE AB's Operating Income for the three months ended in Mar. 2026 was kr-5.60 Mil. MindArk PE AB's Revenue for the three months ended in Mar. 2026 was kr16.03 Mil. Therefore, MindArk PE AB's Operating Margin % for the quarter that ended in Mar. 2026 was -34.91%.

MindArk PE AB's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MindArk PE AB's annualized ROC % for the quarter that ended in Mar. 2026 was -16.08%. MindArk PE AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -520.44%.


MindArk PE AB  (XSAT:MNDRK) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

MindArk PE AB's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-22.388 * ( 1 - 8.78% )/( (126.02 + 128.047)/ 2 )
=-20.4223336/127.0335
=-16.08 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

MindArk PE AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-21.908/( ( (4.021 + max(-10.754, 0)) + (4.398 + max(-11.81, 0)) )/ 2 )
=-21.908/( ( 4.021 + 4.398 )/ 2 )
=-21.908/4.2095
=-520.44 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.436 + 0.076 + 3.899) - (3.75 + 0 + 11.415)
=-10.754

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.441 + 0.072 + 5.121) - (4.682 + 0 + 12.762)
=-11.81

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

MindArk PE AB's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-5.597/16.032
=-34.91 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


MindArk PE AB Operating Income Related Terms


MindArk PE AB Operating Income Historical Data

* Premium members only.

The historical data trend for MindArk PE AB's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MindArk PE AB Operating Income Chart

MindArk PE AB Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Income
21.36 25.45 9.49 -3.58

MindArk PE AB Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.95 2.42 -0.52 -0.54 -5.60
XSAT:MNDRK
57GF Score
MindArk PE AB XSAT:MNDRK
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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MindArk PE AB Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-4.23 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of kr-4.23 Mil mean?
MindArk PE AB (XSAT:MNDRK) has a Operating Income of kr-4.23 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on MindArk PE AB and its competitors.
Is MindArk PE AB's Operating Income too high?
MindArk PE AB's current Operating Income is kr-4.23 Mil. Overall, MindArk PE AB has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MindArk PE AB's Operating Income compare to QH and SHOP?
MindArk PE AB's Operating Income of kr-4.23 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Software company?
A good Operating Income depends on the Software industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on MindArk PE AB and its competitors. MindArk PE AB's current Operating Income is kr-4.23 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MindArk PE AB stock overvalued right now?
Based on GuruFocus' analysis, MindArk PE AB (XSAT:MNDRK) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.37, compared to a current price of kr0.88 — trading 36.1% below its estimated fair value. The current Operating Income is kr-4.23 Mil. MindArk PE AB's overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For MindArk PE AB (XSAT:MNDRK), the current Operating Income is kr-4.23 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MindArk PE AB (XSAT:MNDRK) Overvalued in 2026?

Based on GuruFocus' analysis, MindArk PE AB stock appears to be undervalued. The current stock price of kr0.88 is trading 36.1% below its estimated GF Value™ of kr1.37. GuruFocus considers MindArk PE AB to be Possible Value Trap.

Key valuation signals for XSAT:MNDRK:

  • Operating Income: kr-4.23 Mil
  • GF Value™: kr1.37 vs. price of kr0.88 (36.1% below fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the XSAT:MNDRK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MindArk PE AB Business Description

Other Exchanges Z7R:Germany
Address Masthamnsgatan 5, Gothenburg, SWE, SE 413 29
MindArk PE AB develops and operates Entropia Universe and the Entropia Platform. Entropia Universe is a 3D internet virtual universe with an integrated economic system and stunning graphics. The client software is free of charge and available to anyone with internet access. The Entropia Platform is a secure entertainment and business platform, enabling companies and organizations all over the world to build content on themed planets inside the Entropia Universe.
57GF Score

Get the complete analysis for XSAT:MNDRK

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr0.88
Price
kr1.37
GF Value