Mind Technology, Inc (MIND) Financial Statements
Industry: Search, Detection, Navigation, Guidance, Aeronautical Sys
In fiscal 2026, Mind Technology reported revenue of $40.9M, down 12.6% from $46.9M the year before. Net income was $750,000 (a 1.8% net margin), or $0.09 per diluted share. Gross margin was 45.6% and operating margin was 7.0%. Operating activities generated $2.6M of cash, leaving $1.9M of free cash flow. At fiscal year end, Mind Technology held $49.3M in total assets against $7.8M in total liabilities, including $19.1M of cash and equivalents.
Open the full interactive Mind Technology financials → Quarterly statements, key ratios, valuation history and price charts.
Mind Technology Key Stats
| Share Price | $4.46 |
|---|---|
| Market Cap | $40.5M |
| P/E Ratio | 49.5 |
| Revenue YoY Growth | -12.6% |
| 52-Week Range | $3.89 – $14.29 |
| Shares Outstanding | 9.1 million (basic, 2027 Q2) |
Mind Technology Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $21.2M | $23.1M | $35.1M | $36.5M | $46.9M | $40.9M |
| Gross Profit | $7.3M | $6.0M | $13.0M | $16.0M | $21.0M | $18.7M |
| Operating Income | -$14.3M | -$14.5M | -$7.6M | $518,000 | $6.8M | $2.9M |
| Pre-Tax Income | -$13.5M | -$13.6M | -$6.7M | $238,000 | $7.1M | $2.9M |
| Income Tax | $536,000 | -$39,000 | $699,000 | $1.3M | $2.0M | $2.2M |
| Net Income | -$20.3M | -$15.1M | -$8.8M | $274,000 | $5.1M | $750,000 |
| Diluted EPS | -$180.00 | -$131.00 | -$92.00 | $0.19 | $1.24 | $0.09 |
Mind Technology Quarterly Results
| 2026 Q3 | 2026 Q4 | 2027 Q1 | 2027 Q2 | |
|---|---|---|---|---|
| Revenue | $9.7M | $9.8M | $9.7M | $5.6M |
| Net Income | $62,000 | -$271,000 | -$411,000 | -$1.7M |
| Diluted EPS | — | -$0.03 | — | — |
Mind Technology Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.6M | $5.1M | $778,000 | $5.3M | $5.3M | $19.1M |
| Current Assets | $26.8M | $29.2M | $22.2M | $28.3M | $32.1M | $44.9M |
| Total Assets | $39.8M | $42.0M | $32.9M | $33.5M | $36.7M | $49.3M |
| Current Liabilities | $7.8M | $10.7M | $8.9M | $10.3M | $8.6M | $7.4M |
| Total Liabilities | $9.3M | $11.8M | $9.8M | $10.8M | $9.4M | $7.8M |
| Shareholders' Equity | $30.4M | $30.3M | $23.1M | $22.6M | $27.3M | $41.4M |
Mind Technology Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$6.4M | -$17.1M | -$2.9M | -$5.0M | $651,000 | $2.6M |
| Cash From Investing | $3.2M | $5.4M | $470,000 | $11.0M | $20,000 | -$663,000 |
| Cash From Financing | $4.5M | $12.2M | -$1.9M | -$1.5M | -$619,000 | $11.8M |
| Free Cash Flow | -$6.5M | -$18.0M | -$3.5M | -$5.2M | $214,000 | $1.9M |
Figures from Mind Technology's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mind Technology financials page for every line item.
Mind Technology Company Profile
| Ticker | MIND |
|---|---|
| Exchange | Nasdaq |
| Industry | Search, Detection, Navigation, Guidance, Aeronautical Sys |
| Headquarters | The Woodlands, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | January 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000926423 |
Frequently Asked Questions
What was Mind Technology's revenue in fiscal 2026?
Mind Technology (MIND) reported revenue of $40.9M for fiscal 2026.
What is Mind Technology's annual revenue history?
Mind Technology's annual revenue by fiscal year: 2021: $21.2M; 2022: $23.1M; 2023: $35.1M; 2024: $36.5M; 2025: $46.9M; 2026: $40.9M.
What was Mind Technology's net income in fiscal 2026?
Mind Technology reported net income of $750,000 for fiscal 2026.
What was Mind Technology's earnings per share (EPS) in fiscal 2026?
Mind Technology's diluted EPS was $0.09 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Mind Technology generate in fiscal 2026?
Mind Technology generated $1.9M of free cash flow in fiscal 2026.
What was Mind Technology's revenue last quarter?
In its most recent reported quarter (2027 Q2), Mind Technology reported revenue of $5.6M.
How many shares of Mind Technology are outstanding?
Mind Technology reported a weighted average of 9.1 million basic shares outstanding in 2027 Q2.
What is Mind Technology's market cap?
Based on its latest closing price, Mind Technology (MIND) has a market capitalization of about $40.5M.
When does Mind Technology's fiscal year end?
Mind Technology's fiscal year end, as registered with the SEC, is January 31.
Where is Mind Technology headquartered?
Mind Technology lists its business address in The Woodlands, Texas in its SEC filings.
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