MIND Technology, Inc.

MIND Technology, Inc.

MINDยทNASDAQ

$6.94

+3.0%
TechnologyHardware, Equipment & Parts

MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. The company's products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Digishot energy source controllers; Sleeve Gun energy sources; and SeaLink product line of marine sensors and solid streamer systems. It also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; and repair and engineering services, training and field service operations, and umbilical terminations, as well as side scan sonar equipment and systems. The company markets its products to governmental and commercial customers through internal sales organization and a network of distributors and representatives. It operates in the United States, Europe, Canada, Latin America, the Asia/South Pacific, Eurasia, and internationally. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.

At a Glance

Live Snapshot
Market Cap$63.08M
EPS0.0900
P/E Ratio77.11
Earnings Date06/09/2026
3Y-13.0%
5Y+12.0%
10Y+77.0%
3Y-85.0%
5Y-136.0%
10Y-105.0%
3Y+297.0%
5Y-152.0%
10Y-115.0%
MIND Technology, Inc.

MIND Technology, Inc. Profit Bridge

MIND ยท NASDAQ
Revenue40.95M
Cost of Goods Sold (23.16M)
Gross Profit17.79M
Operating Expenses (14.93M)
Operating Income2.86M
Interest Expense (0.00)
Other Income/Expense43.00K
Pretax Income2.90M
Income Tax (2.15M)
Net Income750.00K
Net Income
750.00K

Profitability Analysis

Gross Margin

43.4%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

7.0%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

1.8%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

74.1%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

MIND Technology, Inc. Income Statement

MIND โ€ข NASDAQ

MIND Technology, Inc. Income StatementJan 2026Jan 2026Jan 2025Jan 2025Jan 2024Jan 2024Jan 2023Jan 2023Jan 2022Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012
REVENUE
40.9M
40.9M
46.9M
46.9M
36.5M
36.5M
25M
25M
23.1M
23.1M
21.2M
29.9M
42.9M
48.3M
41M
51.8M
83.1M
92.1M
104.7M
112.8M
GROSS PROFIT
(23.2M)
(23.2M)
(26.8M)
(26.8M)
(21.7M)
(21.7M)
(16.4M)
(16.4M)
(19.3M)
(19.3M)
(13.9M)
(17M)
(31.2M)
(42.2M)
(48.4M)
(49.2M)
(59.9M)
(60.1M)
(67.3M)
(55.1M)
17.8M
17.8M
20M
20M
14.8M
14.8M
8.6M
8.6M
3.8M
3.8M
7.3M
16.6M
11.7M
6.1M
-7.4M
2.7M
23.3M
32M
37.4M
57.8M
OPERATING INCOME
(14.9M)
(14.9M)
(13.2M)
(13.2M)
(14.3M)
(14.3M)
(14.3M)
(14.3M)
(18.4M)
(18.4M)
(21.6M)
(26.2M)
(24.8M)
(24.3M)
(23.9M)
(22.9M)
(30M)
(26.2M)
(23.5M)
(23.2M)
(13.3M)
(13.3M)
(11.3M)
(11.3M)
(12.1M)
(12.1M)
(12.9M)
(12.9M)
(14.8M)
(14.8M)
(12.6M)
(19.7M)
(20.9M)
(19.7M)
(19.8M)
(18M)
(25M)
(23.7M)
(22.5M)
(21.4M)
(1.6M)
(1.6M)
(1.9M)
(1.9M)
(2.1M)
(2.1M)
(1.4M)
(1.4M)
(3.6M)
(3.6M)
(3M)
(1.9M)
(1.2M)
(1.5M)
(974K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
2.9M
2.9M
6.8M
6.8M
518K
518K
-5.7M
-5.7M
-14.5M
-14.5M
-11.8M
-4.9M
-13M
-19.7M
-31.3M
-26.8M
-6.7M
5.8M
13.9M
34.5M
PRE-TAX INCOME
(0.0)
(0.0)
(0.0)
(0.0)
(675K)
(675K)
(519K)
(519K)
(0.0)
(0.0)
(0.0)
(46K)
(72K)
(47K)
(653K)
(739K)
(902K)
(314K)
(533K)
(740K)
0.0
0.0
0.0
0.0
-675K
-675K
-519K
-519K
0.0
0.0
0.0
-46K
72K
47K
-643K
-725K
-673K
-10K
11K
-396K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(6M)
(3.3M)
-24K
(4.6M)
(594K)
-274K
-2.8M
(231K)
-389K
(1.9M)
43K
43K
240K
240K
-280K
-280K
256K
256K
926K
926K
-1.7M
-1.2M
-6.6M
-451K
-49K
-999K
-3.4M
221K
-378K
-214K
2.9M
2.9M
7.1M
7.1M
238K
238K
-5.4M
-5.4M
-13.6M
-13.6M
-13.5M
-6.2M
-19.6M
-20.2M
-31.3M
-27.8M
-10.2M
6M
13.5M
34.3M
NET INCOME
(2.2M)
(2.2M)
(2M)
(2M)
(1.3M)
(1.3M)
(699K)
(699K)
-39K
-39K
(536K)
(353K)
(252K)
(910K)
(1.8M)
(11M)
-994K
(1.3M)
-3.5M
(10M)
750K
750K
5.1M
5.1M
-2.1M
-2.1M
-8.8M
-8.8M
-15.1M
-15.1M
-18.4M
-11.3M
-19.8M
-21.1M
-33.2M
-38.7M
-9.2M
4.8M
17.1M
24.3M

SEC Filings

MIND - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
DEF 14A

DEF 14A 2026

N/A

June 01, 2026
July 23, 2026
2026
10-K

10-K 2026 FY

FY

April 20, 2026
January 31, 2026
2026
8-K

8-K 2026

N/A

April 15, 2026
April 15, 2026
2026
10-Q

10-Q 2025 Q4

Q4

December 11, 2025
October 31, 2025
2025
8-K

8-K 2025

N/A

December 09, 2025
December 09, 2025
2025
10-Q

10-Q 2025 Q3

Q3

September 10, 2025
July 31, 2025
2025
8-K

8-K 2025

N/A

September 09, 2025
September 09, 2025
2025
8-K

8-K 2025

N/A

September 02, 2025
August 28, 2025
2025
8-K

8-K 2025

N/A

July 21, 2025
July 17, 2025
2025
10-Q

10-Q 2025 Q2

Q2

June 11, 2025
April 30, 2025
2025
Showing 1 to 10 of 402 filings