Overview
- IndustryTransportation Services1
- HeadquartersAustin, Texas1
- Business address10800 Pecan Park Blvd, Suite 400, Austin, Tx 787502
- Filer category, Emerging growth company2
- Legal formCorporation
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Mondee Holdings, Inc. (“Mondee” or the “Company”), a leading travel technology company, features an artificial intelligence (“AI”)-enabled transaction platform that powers its Marketplace for personalized travel experiences. This Marketplace has achieved near $3 billion of annual gross bookings, primarily in the leisure travel market segment originating in North America with international destinations. In addition to its technology platform and marketplace, Mondee’s competitive moat includes: a Global Content Hub of negotiated rate content from airlines, hotels, cruise lines and other suppliers; a growing Distribution Network of 65,000 travel experts and intermediaries; Abhi, an industry leading AI-travel assistant user experience and process management application; a suite of profitable Ancillary and FinTech solutions; and in-house multi-lingual 24/7 Support and Service Delivery centers…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Other costs83¢$185.4M
- Interest16¢$35.4M
- Income tax1¢$2.5M
Out of $223.3M in revenue.5 The company lost money this year.
Financial statements
| Fiscal year | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenue | $93.2M6 | $159.5M5 | $223.3M5 | |
| Operating expenses | $115.4M6 | $225.8M5 | $243.8M5 | |
| Operating income | -$22.3M6 | -$66.3M5 | -$20.5M5 | |
| Interest | $23.7M6 | $26.7M5 | $35.4M5 | |
| Income before tax | -$38.6M6 | -$90.1M5 | -$63.3M5 | |
| Income tax | $323.0K6 | $127.0K5 | -$2.5M5 | |
| Net income | -$38.9M6 | -$90.2M5 | -$60.8M5 | |
| Earnings per share | -$0.646 | -$1.345 | -$0.945 | |
| Earnings per share (diluted) | -$0.646 | -$1.345 | -$0.945 | |
| Shares (weighted, basic) | 60.8M shares6 | 67.4M shares5 | 77.2M shares5 | |
| Shares (weighted, diluted) | 60.8M shares6 | 67.4M shares5 | 77.2M shares5 |
| Fiscal year | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Cash | $1.0K9 | $15.5M6 | $78.8M5 | $28.0M5 |
| Receivables | $10.2M6 | $21.7M5 | $116.6M5 | |
| Current assets | $1.0K9 | $40.7M6 | $119.7M5 | $173.1M5 |
| Property, plant and equipment | $8.9M6 | $11.3M5 | $17.3M5 | |
| Goodwill | $66.4M5 | $66.4M5 | $88.1M5 | |
| Intangible assets | $63.7M6 | $57.4M5 | $102.0M5 | |
| Total assets | $81.6K9 | $203.3M6 | $258.1M5 | $392.4M5 |
| Accounts payable | $19.5M6 | $33.7M6 | ||
| Short-term debt | $11.1M6 | $7.5M5 | $10.8M5 | |
| Current liabilities | $61.5K9 | $48.5M6 | $57.0M5 | $161.6M5 |
| Long-term debt | $162.2M6 | $126.9M5 | $150.7M5 | |
| Total liabilities | $61.5K9 | $230.2M6 | $204.8M5 | $351.8M5 |
| Retained earnings | -$190.0M6 | -$280.3M5 | -$341.1M5 | |
| Shareholders’ equity | $8.5M6 | -$26.8M5 | -$29.3M5 | -$65.2M5 |
| Shares outstanding | 60.8M shares6 | 82.3M shares6 | 82.3M shares6 |
Corporate structure
Mondee Holdings, Inc. sits at the top of its group. 33 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Mondee Holdings, Inc.
- Morgan Stanley Filed SC 13G/A on Mondee Holdings, Inc., latest Feb 12, 2024 (4 filings since Aug 23, 2022)
- FLY OCP LLC Filed SC 13G on Mondee Holdings, Inc., latest Jan 24, 2024
- Beryl Capital Management LLC Filed SC 13G/A on Mondee Holdings, Inc., latest Feb 14, 2023 (2 filings since Jul 15, 2022)
- ARISTEIA CAPITAL, L.L.C. Filed SC 13G/A on Mondee Holdings, Inc., latest Feb 10, 2023 (2 filings since Feb 14, 2022)
- ITHAX Acquisition Sponsor, LLC Filed SC 13D/A on Mondee Holdings, Inc., latest Oct 4, 2022 (3 filings since Jul 1, 2022)
- MONDEE HOLDINGS, LLC Filed SC 13D on Mondee Holdings, Inc., latest Jul 28, 2022
- Mondee Holdings, Inc. Austin, Texas
- BookingWiz Thailand Ltd. Subsidiary · Thailand
- C&H Travel and Tours, Inc. (f/k/a Tap Tours, Inc.) Subsidiary · California, United States
- CMX Alta Dirección, S.A. DE C.V. Subsidiary · Mexico
- CMX Travel Management, S.A. DE C.V. Subsidiary · Mexico
- Consolid México Holdings, S.A.P.I. DE C.V. Subsidiary · Mexico
- Consolid México, S.A. DE C.V. Subsidiary · Mexico
- Cosmopolitan Travel Service, Inc. Subsidiary · Michigan, United States
- Cosmopolitan Travel Services, Inc. Subsidiary · New York, United States
- ExploreTrip IP Holdings, Inc. Subsidiary · Delaware, United States
- ExploreTrip, Inc. Subsidiary · Delaware, United States
- Hari-World Travel Group, Inc. Subsidiary · Delaware, United States
- Interep Representações Viagens e Turismo S.A. Subsidiary · Brazil
- Mondee Acquisition Company, Inc. (f/k/a cFares Holdings, Inc.) Subsidiary · Delaware, United States
- Mondee Brazil, LLC Subsidiary · Delaware, United States
- Mondee Canada Inc. Subsidiary · Ontario, Canada
- Mondee Holdings II, LLC Subsidiary · Delaware, United States
- Mondee Tech Private Limited (f/k/a LBF Travel India Private Limited) (f/k/a Let’s Go Travel Private Limited) Subsidiary · India
- Mondee, Inc. Subsidiary · Delaware, United States
- Orinter Viagens e Turimos S.A. Subsidiary · Brazil
- Purple Grids Inc. Subsidiary · Delaware, United States
- Rocketrip, Inc. Subsidiary · Delaware, United States
- SkyLink Travel Inc. Subsidiary · New York, United States
- SkyLink Travel SFO, Inc. Subsidiary · California, United States
- Skypass Holidays LLC Subsidiary · Texas, United States
- Skypass Travel Ltda. Subsidiary · Brazil
- and 7 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Mondee Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $49.8M5 Dec 31, 2023 | $37.6M5 Dec 31, 2022 | +32.2% |
| Accumulated depreciation | $32.5M5 Dec 31, 2023 | $26.3M5 Dec 31, 2022 | +23.4% |
| Property and equipment, net | $17.3M5 Dec 31, 2023 | $11.3M5 Dec 31, 2022 | +52.8% |
| Operating-lease assets (leased space) | $3.2M5 Dec 31, 2023 | $1.4M5 Dec 31, 2022 | +133.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $28.0M5 Dec 31, 2023 | $78.8M5 Dec 31, 2022 | −64.5% |
| Marketable securities, current | $8.6M6 Dec 31, 2022 | $8.5M6 Dec 31, 2021 | +1.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $88.1M5 Dec 31, 2023 | $66.4M5 Dec 31, 2022 | +32.6% |
| Intangible assets, net (excluding goodwill) | $102.0M5 Dec 31, 2023 | $57.4M5 Dec 31, 2022 | +77.8% |
| Indefinite-lived intangibles (excluding goodwill) | $10.7M5 Dec 31, 2023 | $12.0M5 Dec 31, 2022 | −11.4% |
| Finite-lived intangibles, gross | $139.1M5 Dec 31, 2023 | $83.3M5 Dec 31, 2022 | +66.9% |
| Accumulated amortization | $47.7M5 Dec 31, 2023 | $38.0M5 Dec 31, 2022 | +25.5% |
| Finite-lived intangibles, net | $91.4M5 Dec 31, 2023 | $45.3M5 Dec 31, 2022 | +101.5% |
Leadership
Who has led Mondee Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerJesus Portillo Jan 3, 2025 to Jan 3, 202510
- Chief executive officerPrasad Gundumogula Jul 20, 2022 to Jul 12, 202411
- Chief executive officerOrestes Fintiklis Jan 27, 2021 to Feb 3, 202112
- Chief financial officerJesus Portillo Apr 20, 2023 to Oct 2, 202413
- Chief financial officerDaniel Figenshu Jul 20, 2022 to Apr 19, 202314
- Chief financial officerDimitrios Athanasopoulos Jan 27, 2021 to Jul 20, 202215
- Chief operating officerJames Dullum Jul 20, 2022 to Jan 3, 202516
Board members and other officers (15)
- Chief Technology OfficerVenkat Pasupuleti Jul 21, 2022 to Jun 6, 202417
- Board memberJesus Portillo Jan 3, 2025 to Jan 3, 202510
- Board memberJeff Clarke Sep 25, 2023 to Apr 16, 202418
- Board memberAsi Ginio Jul 20, 2022 to Apr 16, 202419
- Board memberCarlos N. Guimaraes Jul 20, 2022 to Jul 20, 202220
- Board memberMona Aboelnaga Jul 20, 2022 to Apr 16, 202421
- Board memberNoor Sweid Jul 20, 2022 to Apr 16, 202422
- Board memberPradeep Udhas Jul 20, 2022 to Apr 16, 202423
- Board memberPrasad Gundumogula Jul 20, 2022 to Jul 12, 202411
- Board memberRoopa Purushothaman Jul 20, 2022 to Apr 16, 202424
- Board memberDimitrios Athanasopoulos Jan 27, 2021 to Jul 20, 202215
- Board memberGeorge Syllantavos Jan 27, 2021 to Jul 20, 202225
- Board memberOrestes Fintiklis Jan 27, 2021 to Jan 3, 202512
- Board memberRahul Vir Jan 27, 2021 to Jul 20, 202226
- General counselMeredith Waters Apr 26, 2023 to Apr 29, 202427
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorMona Aboelnaga Kanaan named Oct 7, 202228
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- BookingWiz Thailand Ltd. Thailand3
- C&H Travel and Tours, Inc. (f/k/a Tap Tours, Inc.) California3
- CMX Alta Dirección, S.A. DE C.V. Mexico3
- CMX Travel Management, S.A. DE C.V. Mexico3
- Consolid México Holdings, S.A.P.I. DE C.V. Mexico3
- Consolid México, S.A. DE C.V. Mexico3
- Cosmopolitan Travel Service, Inc. Michigan3
- Cosmopolitan Travel Services, Inc. New York3
- ExploreTrip IP Holdings, Inc. Delaware3
- ExploreTrip, Inc. Delaware3
- Hari-World Travel Group, Inc. Delaware3
- Interep Representações Viagens e Turismo S.A. Brazil3
- Mondee Acquisition Company, Inc. (f/k/a cFares Holdings, Inc.) Delaware3
- Mondee Brazil, LLC Delaware3
- Mondee Canada Inc. Ontario, Canada3
- Mondee Holdings II, LLC Delaware3
- Mondee Tech Private Limited (f/k/a LBF Travel India Private Limited) (f/k/a Let’s Go Travel Private Limited) India3
- Mondee, Inc. Delaware3
- Orinter Viagens e Turimos S.A. Brazil3
- Purple Grids Inc. Delaware3
- Rocketrip, Inc. Delaware3
- SkyLink Travel Inc. New York3
- SkyLink Travel SFO, Inc. California3
- SkyLink Travel, Inc. California3
All 33 listed subsidiaries
- Skypass Holidays LLC Texas3
- Skypass Travel Ltda. Brazil3
- Skypass Travel Mexico Sa de CV Mexico3
- Skypass Travel Private Ltd. India3
- Skypass Travel, Inc. Texas3
- Touram IT Private Limited Mondee Canada Inc., a corporation incorporated in Ontario, Canada.3
- Trans Am Travel, Inc. Virginia3
- TransWorld Travel, Inc. Delaware3
- Travel-Fan, S.A. DE C.V. Mexico3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- ITHAX Acquisition Corp.Oct 23, 2020 to Jul 15, 20222
Timeline
- Apr 9, 20258-K Completed an acquisition or sale; Executive or director change; Regulation FD disclosure29
- Mar 27, 20258-K Regulation FD disclosure30
- Feb 24, 20258-K Entered a material agreement31
- Jan 15, 20258-K Entered a material agreement; Bankruptcy or receivership; New debt or obligation32
- Jan 3, 2025New chief executive Jesus Portillo becomes CEO10
- Dec 23, 20248-K Entered a material agreement; New debt or obligation; Executive or director change33
- Dec 3, 20248-K Listing notice or transfer; Regulation FD disclosure34
- Nov 26, 20248-K Listing notice or transfer; Unregistered sale of shares; Executive or director change35
- Sep 23, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares36
- Aug 20, 20248-K Entered a material agreement; New debt or obligation; Executive or director change37
- Aug 14, 20248-K Results of operations38
- Jul 5, 20248-K Shareholder vote39
- May 10, 20248-K Results of operations40
- Jul 20, 2022New chief executive Prasad Gundumogula becomes CEO11
- Jan 27, 2021New chief executive Orestes Fintiklis becomes CEO12
Calendar
When it reported results
- Aug 14, 2024Reported quarterly or annual results38
- May 10, 2024Reported quarterly or annual results40
- Mar 14, 2024Reported quarterly or annual results41
- Nov 14, 2023Reported quarterly or annual results42
- Aug 15, 2023Reported quarterly or annual results43
- May 17, 2023Reported quarterly or annual results44
- Apr 11, 2023Reported quarterly or annual results45
- Mar 2, 2023Reported quarterly or annual results46
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
359 filings to the SEC since October 2021: 4 annual reports, 9 quarterly reports, 60 major events, 118 insider forms, 13 large holders, 1 private raises, 154 other. The latest 20:
- Apr 9, 20258-K EDGAR
- Mar 27, 20258-K EDGAR
- Feb 24, 20258-K EDGAR
- Jan 15, 20258-K EDGAR
- Jan 3, 20254 EDGAR
- Jan 3, 20254 EDGAR
- Jan 3, 20254 EDGAR
- Dec 23, 20248-K EDGAR
- Dec 9, 2024RW EDGAR
- Dec 3, 20248-K EDGAR
- Nov 26, 20248-K EDGAR
- Nov 12, 2024NT 10-Q EDGAR
- Oct 2, 20244 EDGAR
- Sep 23, 20248-K EDGAR
- Aug 20, 20248-K EDGAR
- Aug 14, 202410-Q EDGAR
- Aug 14, 20248-K EDGAR
- Aug 12, 2024NT 10-Q EDGAR
- Jul 24, 20244 EDGAR
- Jul 24, 20244 EDGAR
The 359 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
46 open-market trades by officers, directors and large owners since October 2021: 42 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 14, 2023 | MORGAN STANLEY10% owner | Buy | 1,300 | Form 4 | ||
| Aug 23, 2023 | Gundumogula PrasadChief Executive Officer | Buy | 20,000 | $6.36 | $127.2K | Form 4 |
| Aug 22, 2023 | Gundumogula PrasadChief Executive Officer | Buy | 10,000 | $6.53 | $65.3K | Form 4 |
| Aug 21, 2023 | Gundumogula PrasadChief Executive Officer | Buy | 5,000 | $6.74 | $33.7K | Form 4 |
| Aug 18, 2023 | Gundumogula PrasadChief Executive Officer | Buy | 11,000 | $6.64 | $73.0K | Form 4 |
| Aug 17, 2023 | Gundumogula PrasadChief Executive Officer | Buy | 37,000 | $6.04 | $223.5K | Form 4 |
| Jun 9, 2023 | Fintiklis OrestesDirector | Sale | 573,248 | $10.00 | $5.7M | Form 4 |
| Jun 9, 2023 | Gundumogula PrasadChief Executive Officer | Sale | 1,659,404 | $10.00 | $16.6M | Form 4 |
| Jun 9, 2023 | Pasupuleti VenkatChief Technology Officer | Sale | 18,857 | $10.00 | $188.6K | Form 4 |
| Jun 9, 2023 | MS Capital Partners Adviser Inc10% owner | Sale | 1,049,889 | $9.45 | $9.9M | Form 4 |
| Dec 16, 2022 | Gundumogula PrasadChief Executive Officer | Buy | 1,000 | $10.59 | $10.6K | Form 4 |
| Dec 13, 2022 | Gundumogula PrasadChief Executive Officer | Buy | 2,000 | $9.42 | $18.8K | Form 4 |
| Dec 12, 2022 | Gundumogula PrasadChief Executive Officer | Buy | 9,400 | $8.68 | $81.6K | Form 4 |
| Dec 9, 2022 | Gundumogula PrasadChief Executive Officer | Buy | 1,900 | $8.20 | $15.6K | Form 4 |
| Dec 8, 2022 | Gundumogula PrasadChief Executive Officer | Buy | 3,800 | $8.14 | $30.9K | Form 4 |
| Dec 7, 2022 | Gundumogula PrasadChief Executive Officer | Buy | 2,700 | $8.26 | $22.3K | Form 4 |
| Dec 6, 2022 | Gundumogula PrasadChief Executive Officer | Buy | 2,000 | $7.88 | $15.8K | Form 4 |
| Dec 5, 2022 | Gundumogula PrasadChief Executive Officer | Buy | 2,200 | $7.58 | $16.7K | Form 4 |
| Dec 2, 2022 | Gundumogula PrasadChief Executive Officer | Buy | 2,000 | $7.86 | $15.7K | Form 4 |
| Nov 29, 2022 | Gundumogula PrasadChief Executive Officer | Buy | 7,800 | $8.10 | $63.2K | Form 4 |
All 46 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Morgan StanleySC 13G/A, 4 filings Aug 23, 2022 to Feb 12, 202447
- FLY OCP LLCSC 13G, 1 filing Jan 24, 202448
- Beryl Capital Management LLCSC 13G/A, 2 filings Jul 15, 2022 to Feb 14, 202349
- ARISTEIA CAPITAL, L.L.C.SC 13G/A, 2 filings Feb 14, 2022 to Feb 10, 202350
- ITHAX Acquisition Sponsor, LLCSC 13D/A, 3 filings Jul 1, 2022 to Oct 4, 202251
- MONDEE HOLDINGS, LLCSC 13D, 1 filing Jul 28, 202252
Money raised
Private offerings the company reported to the SEC on Form D.
- Sep 29, 2022Raised $85 million in a private offering of equity Form D: 2 investors so far Form D
SEC filer profile
How Mondee Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMondee Holdings, Inc.1
- CIK0001828852
- Employer ID (EIN)88-32924481
- Filer status<br>emerging growth company1
- Fiscal year endsDecember 311
- Industry code (SIC)4700 Transportation Services1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address10800 Pecan Park Blvd, Suite 400, Austin, TX 787501
- Phone(866) 855-96301
- Shares outstanding87,416,133 as of Aug 8, 20248
- Public float$422.3M as of Jun 30, 20235
- On EDGAR sinceOct 23, 20201
- Filings386 in all: 4 (98), 8-K (60), 425 (40), 424B3 (36), 3 (23), CORRESP (20), UPLOAD (16), 10-Q (11)1
All 42 form types
EFFECT (6), S-1/A (6), S-4/A (6), NT 10-Q (5), SC 13G/A (5), 4/A (4), S-1 (4), SC 13G (4), 10-K (3), 25-NSE (3), 8-K/A (3), SC 13D/A (3), 3/A (2), ARS (2), DEF 14A (2), DEFA14A (2), NT 10-K (2), SC 13D (2), SC TO-I/A (2), SEC STAFF LETTER (2), 10-K/A (1), 424B4 (1), 8-A12B (1), CERT (1), D (1), DRS (1), POS AM (1), RW (1), S-1MEF (1), S-3 (1), S-3/A (1), S-4 (1), S-8 (1), SC TO-I (1)
- Latest filingsAnnual report (10-K) Mar 29, 2024
Quarterly report (10-Q) Aug 14, 2024
Proxy statement (DEF 14A) Apr 29, 2024
Latest 8-K (8-K) Apr 9, 2025
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARJeff Clarke, Board member
- 19SEC EDGARAsi Ginio, Board member
- 20SEC EDGARCarlos N. Guimaraes, Board member
- 21SEC EDGARMona Aboelnaga, Board member
- 22SEC EDGARNoor Sweid, Board member
- 23SEC EDGARPradeep Udhas, Board member
- 24SEC EDGARRoopa Purushothaman, Board member
- 25SEC EDGARGeorge Syllantavos, Board member
- 26SEC EDGARRahul Vir, Board member
- 27SEC EDGARMeredith Waters, General counsel
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- 30SEC EDGARRegulation FD disclosure
- 31SEC EDGAREntered a material agreement
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- 38SEC EDGARResults of operations
- 39SEC EDGARShareholder vote
- 40SEC EDGARResults of operations
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