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  4. MIND TECHNOLOGY INC
MIND Technology Inc
XNAS: MIND
103.2K
XNAS Volume

XNAS 08 Oct, 2026 5:30 PM (EDT)

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MIND Tech Inc quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for MIND Tech Inc share price target, revenues, EPS, net income and more

MIND Tech Inc quarterly results: revenue, profit, and P&L – 13 quarter history

  • NEGATIVE

    Quarterly Revenue MIND Tech Inc Jul-2026 Quarterly Revenue is $6 Million which is growth of -58.5% YoY.

  • NEGATIVE

    Quarterly Net Profit MIND Tech Inc Jul-2026 Quarterly Net Profit is $-2 Million which is growth of -189.9% YoY.

MIND Technology Inc, Earnings Report - Quarterly Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphJul '26Apr '26Jan '26Oct '25Jul '25Apr '25Jan '25Oct '24Jul '24Apr '24Jan '24Oct '23Jul '23
Operating Rev.
5.69.79.89.713.67.91512.1109.713.458.8
Cost Of Rev.
3.55.65.85.26.74.68.56.75.35.57.12.75.5
Gross Profit
2.14.144.56.83.36.65.44.84.26.22.33.3
⌄
3.94.13.93.74.243.83.53.43.53.93.74.8
Operating Profit
-1.800.10.82.7-0.72.81.91.40.72.3-1.5-1.6
---------0.2-
Profit Before Tax
-1.70.10.20.82.6-0.72.71.71.51.22.2-1.6-1.4
Tax
00.50.50.70.70.30.70.40.70.20.80.10.1
⌄
-1.7-0.4-0.30.11.9-1215.7-0.200.5-0.4-2.4
Diluted NI Avail to Com Stockholders Ann.
-1.7-0.4-0.30.11.9-1215.7-0.200.5-0.4-2.4
Basic EPS
-0.2-0.1-000.2-0.10.32.9-0.10.4-0.3-1.8
Diluted EPS After ExtraOrdinary
-0.2-0.1-000.2-0.10.32.9-0.10.4-1.9-1.8
Number Of Shares End
9.19.19.18.18885.51.41.41.41.41.4
Net Income Continuing Discontinued Operations
-1.7-0.4-0.30.11.9-121.30.811.40.6-1.5
Normalized Income
-1.7-0.4-0.30.11.9-121.30.811.5-1.7-1.5
Interest Income
-------------
Interest
--------0.2-
Net Interest Income
---------0.2-
EBIT
-1.800.10.82.7-0.72.51.71.51.22-1.4-1.6
EBITDA
-1.60.20.312.9-0.42.71.91.71.52.3-1.1-1.1
Reconciled Cost Of Rev.
3.55.65.85.26.74.68.56.75.35.57.12.75.5
Reconciled Depr.
0.20.20.20.20.20.20.20.20.20.30.30.30.5
Profit From Continuing Operations
-1.7-0.4-0.30.11.9-121.30.811.40.6-1.5
Normalized EBITDA
-1.60.20.312.9-0.42.71.91.71.52.3-1.1-1.1
*All financials are in USD Million and price data in USD

MIND Tech Inc competitor comparison and performance snapshot within industry

MIND Tech Inc annual results: revenue, profit, P&L, and margins as of Jan 2026 – 11 year history

  • NEGATIVE

    Annual Revenue MIND Tech Inc Jan-2026 Annual Revenue is $41 Million which is growth of -12.6% YoY.

  • NEGATIVE

    Annual Net Profit MIND Tech Inc Jan-2026 Annual Net Profit is $1 Million which is growth of -85.2% YoY.

MIND Technology Inc, Earnings Report - Annual Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMJan '26Jan '25Jan '24Jan '23Jan '22Jan '21Jan '20Jan '19Jan '18Jan '17Jan '16
5.3%
14.1%
 4146.936.535.123.121.242.742.948.34151.8
Cost Of Rev. Ann.
0.3%
9.9%
20.122.325.920.522.117.113.926.131.242.248.449.2
Gross Profit Ann.
12.9%
20.7%
14.718.721161367.316.611.76.1-7.42.7
Operating Exp. Ann.
-8.5%
-3.7%
15.615.814.215.520.620.619.126.224.824.323.923.7
Operating Profit Ann.
-
-
-0.92.96.80.5-7.6-14.5-11.8-9.6-13-18.2-31.3-21
-
-
 -------0.10.10.1-0.6-0.7
Other Exp. Ann.
-
-
 00.2-0.30.90.9-1.7-0.8-6.6-20.6-6
PBT Ann.
-
-
-0.72.97.10.2-6.7-13.6-13.5-10.4-19.6-20.2-31.3-27.8
Tax Ann.
46.5%
34.5%
1.72.221.30.7-00.50.90.30.91.811
⌄
-
-
-2.40.817.6-3.5-12.6-18-22.6-13.3-21.6-22-33.6-38.7
Diluted NI Avail to Com Stockholders Ann.
-
-
-2.40.817.6-3.5-12.6-18-22.6-13.3-21.6-22-33.6-38.7
EPS Ann.
-
-
 0.14.3-2.5-9.2-13.1-18-11-17.8-18.2-27.9-32.2
Diluted EPS Ann.
-
-
 0.14.3-2.5-9.2-13.1-18-11-17.8-18.2-27.9-32.2
Number Of Shares End
86.6%
47.6%
 9.181.41.41.41.31.21.21.21.21.2
Total Exp. Ann.
-3.7%
2.9%
 38.1403642.737.73352.35666.572.372.8
Net Income Continuing Discontinued Operations Ann.
-
-
-2.40.85.10.3-8.8-15.1-20.3-11.3-19.8-21.1-33.2-38.7
Normalized Income Ann.
-
-
-2.40.85.1-1.1-7.4-13.6-12.2-10.7-15.9-20-33.2-35.3
Interest Income Ann.
-
-
 ---------00
Interest Ann.
-
-
 ---------0.70.7
EBITDA Ann.
-
-
-03.77.82-5.7-12.3-7.2-1.9-1.2-1.6-2.45.1
Reconciled Cost Of Rev. Ann.
0.3%
13%
20.122.325.920.222.117.112.12121.927.722.519.6
Reconciled Depr. Ann.
-22%
-27.8%
0.90.90.91.51.92.24.67.811.816.628.332.1
Profit From Continuing Operations Ann.
-
-
-2.40.85.10.3-8.8-15.1-20.3-11.3-19.8-21.1-33.2-38.7
Normalized EBITDA Ann.
-
-
-03.77.82-5.7-12.3-4.6-1.14.2-0.1-2.410.8
*All financials are in USD Million and price data in USD
Total Rev. Ann.
1Y CHG
-12.6%
2Y CAGR
6%
3Y CAGR
5.3%
5Y CAGR
14.1%
7Y CAGR
-0.6%
10Y CAGR
-2.3%
Total Revenue Annual is falling faster than historical averages.
Net Profit Ann.
1Y CHG
-84.3%
2Y CAGR
63.3%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
11.3%
2Y CAGR
1%
3Y CAGR
-8.5%
5Y CAGR
-3.7%
7Y CAGR
-6.2%
10Y CAGR
-4%
Operating Expenses Annual Cr growth is higher than historical averages.

MIND Tech Inc balance sheet as of Jan 2026: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund MIND Tech Inc Jan-2026 Total Shareholders Fund is $41 Million which is growth of 51.5% YoY.

  • POSITIVE

    Total Assets MIND Tech Inc Jan-2026 Total Assets is $49 Million which is growth of 34.2% YoY.

MIND Technology Inc, Balance Sheet, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsJan '26Jan '25Jan '24Jan '23Jan '22Jan '21Jan '20Jan '19Jan '18Jan '17Jan '16
14.4%
4.4%
49.336.733.532.94239.858.265.373.794.7134.8
⌄
-6.9%
-3.4%
7.99.410.99.811.89.410.68.67.813.829.7
⌄
-
41.5%
41.427.3-15.1-14.7-7.57.325.638.454.373.6105
Total Capitalization Ann.
21.5%
5.8%
41.427.322.623.130.331.347.756.765.980.9122.3
Tangible Assets Ann.
29.9%
10.9%
39.72519.818.124.223.73743.755.367.990.4
Working Capital Ann.
41.1%
14.5%
37.423.518.113.318.61922.228.925.521.628.2
Invested Capital Ann.
-
38.2%
41.427.3-15.1-14.7-7.58.225.638.454.380125.5
Tangible Book Value Ann.
-
131.3%
39.725-18-19.7-13.50.614.925.343.860.690.4
Borrowings Ann.
-15.1%
-13.7%
1.11.31.31.81.82.32.3--6.420.5
Net Debt Ann.
-
-
---------3.516.7
Share Issued Ann.
78.5%
41.6%
9.181.41.61.61.61.41.41.41.41.4
Number Of Shares End
86.6%
47.6%
9.181.41.41.41.31.21.21.21.21.2
*All financials are in USD Million and price data in USD
Total Assets Ann.
1Y CHG
34.3%
2Y CAGR
21.3%
3Y CAGR
14.4%
5Y CAGR
4.4%
7Y CAGR
-3.9%
10Y CAGR
-9.6%
Total Assets Annual growth is higher than historical averages.
Total Current Liabilities Ann.
1Y CHG
-14%
2Y CAGR
-15.2%
3Y CAGR
-6%
5Y CAGR
-1%
10Y CAGR
-5.1%
Total Current Liabilities Annual Cr is falling faster than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
51.6%
5Y CAGR
41.5%
7Y CAGR
1.1%
10Y CAGR
-8.9%
Total ShareHolders Funds Annual growth is stable compared to historical averages.

MIND Tech Inc ROE, ROCE, book value, and debt-to-equity ratio as of Jan 2026 – 11 year history

  • POSITIVE

    Book Value Per Share MIND Tech Inc Book Value Per Share is $5 which is growth of 44.4% YoY.

  • POSITIVE

    ROE MIND Tech Inc ROE is 2% which is growth of 286.5% YoY.

MIND Technology Inc, Ratios, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsJan '26Jan '25Jan '24Jan '23Jan '22Jan '21Jan '20Jan '19Jan '18Jan '17Jan '16
RoA Ann. %
-
-
1.74%50.14%-10.59%-33.71%-43.98%-46.04%-21.59%-31.01%-26.10%-29.32%-24.64%
ROE Ann. %
-
-
2.18%288.72%----137.31%-41.75%-46.51%-34.35%-37.65%-30.80%
ROIC %
-
-
-0.77.4----37.7-14.3-11.4-13.9-11.7-19.8
OPM Ann. %
-
-
6.98%14.55%1.42%-21.70%-62.94%-55.61%-22.53%-30.32%-37.79%-76.32%-40.54%
Inventory Turnover Ratio Ann.
6.3%
10.4%
1.81.91.41.51.31.12.22.93.73.94
Asset Turnover Ann. %
3.6%
20.1%
11.31.10.90.60.40.70.60.60.40.3
Working Capital Turnover Ann.
-24.9%
0%
1.1222.61.31.11.91.51.91.91.8
Quick Ratio Ann.
104.9%
29.1%
4.321.20.51.21.21.82.92.71.41.9
Current Ratio Ann.
33.9%
12%
63.72.82.52.73.43.64.94.42.63.3
Interest Coverage Ratio Ann.
-
-
----------47-36.6
LT Debt To Equity Ann.
-
-
00---0.20---0.2
*All financials are in USD Million and price data in USD
ROE Ann. %
1Y CHG
-99.2%
ROE Annual % is falling faster than historical averages.
RoA Ann. %
1Y CHG
-96.5%
RoA Annual % is falling faster than historical averages.
Current Ratio Ann.
1Y CHG
62.2%
2Y CAGR
46.4%
3Y CAGR
33.9%
5Y CAGR
12%
7Y CAGR
2.9%
10Y CAGR
6.2%
Current Ratio Annual growth is higher than historical averages.

MIND Tech Inc cash flow: net, operating, investing, and financing flows as of Jan 2026 – 11 year history

  • POSITIVE

    Cash From Operating Activity MIND Tech Inc Jan-2026 Cash From Operating Activity is $3 Million which is growth of 297.2% YoY.

  • POSITIVE

    Net Cash Flow MIND Tech Inc Jan-2026 Net Cash Flow is $14 Million which is growth of 26261.5% YoY.

MIND Technology Inc, Cash Flow, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsJan '26Jan '25Jan '24Jan '23Jan '22Jan '21Jan '20Jan '19Jan '18Jan '17Jan '16
-
-
2.60.7-5-2.9-17.1-6.4-5.8-5.50.73.215.1
-
-
-0.70110.55.43.2-2.1-094.4-10.3
-
21.3%
11.8-0.6-1.5-1.912.24.51.85.1-3-7.3-5.6
Cash Plus Cash Eqv. End Of Year Ann.
187.9%
32.9%
19.15.35.30.85.14.63.29.610.23.53.8
Net Increase In Cash Plus Cash Eqv.s Ann.
-
57.8%
13.70.14.5-4.30.41.4-6.2-0.36.70.3-0.9
Cash Plus Cash Eqv. Begin Of Year Ann.
1.3%
10.6%
5.35.30.85.14.63.29.610.23.53.85.2
Income Tax Paid Supplemental Data Ann.
76.5%
-
2.21.70.90.4-------
Interest Paid Supplemental Data Ann.
-
-
0.6-------
Capex Ann.
-
-
-0.7-0.4-0.3-0.6-0.8-0.6-4-2.5-1.3-0.9-2.5
Issuance Of Capital Stock Ann.
-
20.7%
11.8--14.74.63.86.94.27.3-
Issuance Of Debt Ann.
-
-
-3-1.6-----
Repayment Of Debt Ann.
-
-
--3.8----6.3-14.1-5.8
Repurchase Of Capital Stock Ann.
-
-
-----
Free Cash Flow Ann.
-
-
1.90.2-5.3-3.5-18-6.9-9.8-8-0.62.212.5
*All financials are in USD Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
271.4%
10Y CAGR
-16.1%
Cash from Operating Activity Annual growth is higher than historical averages.
Cash from Financing Act. Ann.
5Y CAGR
21.3%
7Y CAGR
12.7%
Cash from Financing Annual Activity growth is higher than historical averages.