MIND TECHNOLOGY, INC
Financial highlights
| Metric | FY 01/31/26 | FY 01/31/25 | FY 01/31/24 | FY 01/31/23 | FY 01/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $40.9M | $46.9M | $36.5M | $25.0M | $23.1M |
| Gross profit | $18.7M | $21.0M | $16.0M | $9.9M | $6.0M |
| Selling, general & administrative | $13.3M | $11.3M | $12.1M | $12.9M | $14.8M |
| Research and development | $1.6M | $1.9M | $2.1M | $1.4M | $3.6M |
| Operating expenses | $15.8M | $14.1M | $15.5M | $15.6M | $20.6M |
| Operating income | $2.9M | $6.8M | $518,000 | -$5.7M | -$14.5M |
| Pretax income | $2.9M | $7.1M | $238,000 | -$5.4M | -$13.6M |
| Income tax expense | $2.2M | $2.0M | $1.3M | $699,000 | -$39,000 |
| Net income | $750,000 | $5.1M | $274,000 | -$8.8M | -$15.1M |
| Balance Sheet | |||||
| Cash and equivalents | $19.1M | $5.3M | $5.3M | $778,000 | $5.1M |
| Current assets | $44.9M | $32.1M | $28.3M | $22.2M | $29.2M |
| Total assets | $49.3M | $36.7M | $33.5M | $32.9M | $42.0M |
| Current liabilities | $7.4M | $8.6M | $10.3M | $8.9M | $10.7M |
| Total liabilities | $7.8M | $9.4M | $10.8M | $9.8M | $11.8M |
| Stockholders' equity | $41.4M | $27.3M | $22.6M | $23.1M | $30.3M |
| Cash Flow Statement | |||||
| Cash from operations | $2.6M | $651,000 | -$5.0M | -$2.9M | -$17.1M |
| Depreciation and amortization | $873,000 | $944,000 | $1.2M | $1.3M | $2.2M |
| Stock-based compensation | $1.6M | $235,000 | $261,000 | $654,000 | $643,000 |
| Capital expenditure | $663,000 | $437,000 | $290,000 | $570,000 | $834,000 |
| Free cash flow | $1.9M | $214,000 | -$5.3M | -$3.5M | -$18.0M |
| Share repurchases | — | — | $0 | $1,000 | $2,000 |
Shares outstanding 9.0M · Free float 96.7%
Annual filing data through FY ended January 31, 2026; float as of July 3, 2026.