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MIND TECHNOLOGY, INC MIND
Nasdaq · stock · Search, Detection, Navigation, Guidance, Aeronautical Sys · website · IPO 1994-12-19
MIND TECHNOLOGY, INC financials (annual)
Bars are annual figures from 2019 to 2026; red bars are negative (a loss or cash outflow).
| Metric | FY2026 | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.9M | $46.9M | — | $36.5M | $25.0M | — | $23.1M | $21.2M | $42.7M | $42.9M |
| Gross profit | $18.7M | $21.0M | — | $16.0M | $9.9M | — | $6.0M | $7.3M | $13.0M | $11.7M |
| R&D expense | $1.6M | $1.9M | — | $2.1M | $1.4M | — | $3.6M | $3.0M | $1.9M | $1.2M |
| SG&A expense | $13.3M | $11.3M | — | $12.1M | $12.9M | — | $14.8M | $12.6M | $14.1M | $20.9M |
| Operating income | $2.9M | $6.8M | — | $518,000 | -$5.7M | -$2.5M | -$14.5M | -$14.3M | -$6.3M | -$13.0M |
| Interest expense | — | — | — | — | — | -$4,000 | — | — | — | — |
| Income tax | $2.2M | $2.0M | — | $1.3M | $699,000 | — | -$39,000 | $536,000 | $353,000 | $252,000 |
| Net income | $750,000 | $5.1M | — | $274,000 | -$8.8M | — | -$15.1M | -$20.3M | -$11.3M | -$19.8M |
| EPS (diluted) | — | — | — | — | $-0.92 | — | $-1.31 | $-1.80 | $-1.10 | $-1.78 |
| Operating cash flow | $2.6M | $651,000 | — | -$5.0M | -$2.9M | — | -$17.1M | -$6.4M | -$5.8M | -$5.5M |
| Free cash flow | $1.9M | $214,000 | — | -$5.3M | -$3.5M | — | -$18.0M | -$6.5M | -$6.9M | -$6.3M |
| Cash & equivalents | $19.1M | $5.3M | $924,000 | $5.3M | $778,000 | $817,000 | $5.1M | $4.6M | $3.1M | $9.4M |
| Inventory | $11.2M | $13.7M | $16.2M | $13.4M | $11.0M | $14.2M | $14.0M | $11.5M | $12.7M | $10.8M |
| Total assets | $49.3M | $36.7M | $34.9M | $33.5M | $32.9M | $37.8M | $42.0M | $39.8M | $58.2M | $65.3M |
| Total liabilities | $7.8M | $9.4M | $11.2M | $10.8M | $9.8M | $10.7M | $11.8M | $9.3M | $10.6M | $8.6M |
| Shareholders' equity | $41.4M | $27.3M | $23.6M | $22.6M | $23.1M | $27.1M | $30.3M | $30.4M | $47.7M | $56.7M |
Growth · year-over-year · Revenue CAGR -0.7%
| Metric | FY2026 | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | -12.6% | — | — | +46.0% | — | — | +8.9% | -50.3% | -0.6% | -11.0% |
| Net income growth | -85.2% | — | — | — | — | — | — | — | — | — |
| Free cash flow growth | +798.6% | — | — | — | — | — | — | — | — | -2109.9% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.