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Company research / MIND

Mind Technology, Inc (MIND)

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SEC name MIND TECHNOLOGY, INC · CIK 0000926423 · Nasdaq · Search, Detection, Navigation, Guidance, Aeronautical Sys

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Jan 31

For the year ended 2026-01-31, Mind Technology, Inc reported revenue of $40.95M. Revenue fell 12.6% from the prior annual period. Over the twelve months to 2026-07-31, revenue was $34.78M.

Key ratios (year ended 2026-01-31)

45.6%
Gross margin
7.0%
Operating margin
1.8%
Net margin
1.8%
Return on year-end equity
-12.6%
Revenue growth (YoY)

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Latest selected filing: Form 10-Q (quarterly report) · 2026-09-09

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-07-31 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-07-31		2026-01-312025-01-312024-01-312023-01-312022-01-312021-01-312020-01-312019-01-312018-01-312017-01-31
Revenue$34.78M$40.95M$46.86M$36.51M$25.01M$23.11M$21.21M$29.92M$25.77M$48.28Mn/a
Cost of Revenuen/an/an/an/an/an/an/a$26.05M$31.20M$42.19M$48.41M
Gross Profit$14.69M$18.66M$20.97M$15.97M$9.95M$6.02M$7.31M$12.95M$11.74M$6.08M-$7.41M
R&D Expense$1.61M$1.59M$1.91M$2.13M$1.37M$3.60M$3.00M$1.85M$1.16M$1.50M$974.0K
Operating Income-$930.0K$2.86M$6.82M$518.0K-$5.65M-$14.54M-$14.33M-$6.29M-$13.02M-$19.71M-$31.29M
Depreciation & Amortization$883.0K$873.0K$944.0K$1.18M$1.34M$2.21M$2.80M$2.49M$2.50M$2.15M$2.40M
EBITDA-$47.0K$3.73Mn/a$1.70M-$4.31M-$12.34M-$11.53M-$3.80M-$10.52M-$17.56M-$28.89M
Net Income-$2.35M$750.0K$5.07M$274.0K-$8.83M-$15.09M-$20.31M-$11.29M-$19.84M-$21.07M-$33.15M
EPS (Diluted)n/an/an/an/a-$0.92-$1.31-$1.80-$1.10-$1.78-$1.82-$2.79
Total Assets$46.69M$49.27M$36.72M$33.49M$32.86M$42.02M$39.76M$58.23M$65.30M$73.68M$94.71M
Total Liabilities$6.36M$7.85M$9.39M$10.85M$9.81M$11.76M$9.35M$10.58M$8.62M$7.83M$13.78M
Long-Term Debtn/an/an/an/an/an/an/an/an/a$0$6.37M
Shareholders' Equity$40.33M$41.42M$27.33M$22.64M$23.05M$30.26M$30.42M$47.65M$56.68M$65.85M$80.93M
Cash & Equivalents$15.76M$19.05M$5.34M$5.29M$778.0K$5.11M$4.61M$3.09M$9.39M$9.90M$2.90M
Operating Cash Flow-$3.46M$2.59M$651.0K-$4.97M-$2.90M-$17.13M-$6.36M-$5.82M-$5.46M$719.0K$3.15M
Capital Expenditures$400.0K$663.0K$437.0K$290.0K$570.0K$834.0K$90.0K$1.04M$814.0K$407.0K$283.0K
Free Cash Flow-$3.86M$1.92M$214.0K-$5.26M-$3.48M-$17.97M-$6.45M-$6.85M-$6.27M$312.0K$2.87M
Share Repurchasesn/an/an/a$0$1.0K$2.0K$0n/a$0$0$4.0K
Shares Outstanding9.09M9.09M7.97Mn/an/an/an/an/an/an/an/a
Weighted Average Diluted Sharesn/a8.33M4.08M1.4K1.41M13.77M12.52M12.14M12.11M12.08M12.07M
EPS (Basic)n/a$0.09$4.32-$2.50-$8.98-$1.31-$1.80-$1.10-$1.78-$1.82-$2.79

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