MIND Technology, Inc. logo

MIND Technology, Inc.

MIND

NASDAQTechnologyHardware, Equipment & Parts

Regular session

$4.39

−$0.14 · -3.09%

Aug 24, 12:11 PM ETData delayed

MIND company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

23

Weakening

Sentiment

60

Mixed

Risk resilience

34

High Risk

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Company profile

Company website

MIND Technology, Inc., together with its subsidiary companies, delivers specialized technological solutions to a range of sectors, including oceanography, hydrography, defense, seismic exploration, and maritime security. Their core product line features advanced systems such as the GunLink, which facilitates the precise acquisition, monitoring, and control of seismic energy sources for marine surveys. The BuoyLink RGPS tracking system is vital for accurately positioning marine seismic energy sources and streamers. Other key offerings include Digishot energy source controllers, Sleeve Gun energy sources, and the SeaLink series of marine sensors and solid streamer systems. Beyond these primary products, MIND supplies various components like streamer weight collars, depth and pressure transducers, air control valves, and source array systems. The company also provides critical support services, encompassing spare parts, replacement components, repair and engineering assistance, comprehensive training, field service operations, and umbilical terminations. Additionally, they offer side scan sonar equipment and related systems. MIND serves a diverse customer base, including governmental organizations and commercial entities, distributing its products through an internal sales force and a vast global network of distributors and representatives. The company boasts a significant international presence, with operations spanning the United States, Europe, Canada, Latin America, the Asia/South Pacific region, and Eurasia. Founded in 1987, MIND Technology, Inc., previously known as Mitcham Industries, Inc., maintains its corporate headquarters in The Woodlands, Texas.

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
US
CEO
Robert Capps
Listed since
Dec 19, 1994
Employees
157

Market position

Day range

Current $4.39

52-week range

Current $4.39

Open
$4.42
Previous close
$4.53
Volume
43.19K
0.33× average
Average volume
131.28K
Average daily volume
Market cap
39.99M USD
Beta
0.38
Market reference 1
50-day average
$5.0664
-13.35% below average
200-day average
$7.6248
-42.42% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
61.14M USD
P/E (TTM)
25.92×
P/B (TTM)
0.95×
P/S (TTM)
0.92×
EV / EBITDA
16.2×
Earnings yield
0.95%
Free cash flow yield
2.43%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
43.97%
Operating margin
8.26%
Net margin
3.06%
Return on equity
1.81%
Return on assets
1.52%
Return on invested capital
1.74%

Financial health

Debt / equity
0.02×
Current ratio
6.03×
Altman Z-score
1.66
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends54%11%-33%-76%Gross margin, FY2022: 16.50%Gross margin, FY2023: 34.41%Gross margin, FY2024: 40.52%Gross margin, FY2025: 42.73%Gross margin, FY2026: 43.45%Operating margin, FY2022: -62.94%Operating margin, FY2023: -22.59%Operating margin, FY2024: 1.42%Operating margin, FY2025: 14.55%Operating margin, FY2026: 6.98%Net margin, FY2022: -65.28%Net margin, FY2023: -35.31%Net margin, FY2024: -5.67%Net margin, FY2025: 10.83%Net margin, FY2026: 1.83%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 16.50%. Gross margin FY2023 34.41%. Gross margin FY2024 40.52%. Gross margin FY2025 42.73%. Gross margin FY2026 43.45%. Operating margin FY2022 -62.94%. Operating margin FY2023 -22.59%. Operating margin FY2024 1.42%. Operating margin FY2025 14.55%. Operating margin FY2026 6.98%. Net margin FY2022 -65.28%. Net margin FY2023 -35.31%. Net margin FY2024 -5.67%. Net margin FY2025 10.83%. Net margin FY2026 1.83%.

Income trends

Revenue

40.95M USD-12.62%

Operating income

2.86M USD-58.08%

Net income

750K USD-85.22%
Income trends across reported periods53.06M USD28.28M USD3.5M USD−21.28M USDRevenue, FY2022: 23.11M USDRevenue, FY2023: 25.01M USDRevenue, FY2024: 36.51M USDRevenue, FY2025: 46.86M USDRevenue, FY2026: 40.95M USDOperating income, FY2022: −14.54M USDOperating income, FY2023: −5.65M USDOperating income, FY2024: 518K USDOperating income, FY2025: 6.82M USDOperating income, FY2026: 2.86M USDNet income, FY2022: −15.09M USDNet income, FY2023: −8.83M USDNet income, FY2024: −2.07M USDNet income, FY2025: 5.07M USDNet income, FY2026: 750K USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 23.11M USD. Revenue FY2023 25.01M USD. Revenue FY2024 36.51M USD. Revenue FY2025 46.86M USD. Revenue FY2026 40.95M USD. Operating income FY2022 −14.54M USD. Operating income FY2023 −5.65M USD. Operating income FY2024 518K USD. Operating income FY2025 6.82M USD. Operating income FY2026 2.86M USD. Net income FY2022 −15.09M USD. Net income FY2023 −8.83M USD. Net income FY2024 −2.07M USD. Net income FY2025 5.07M USD. Net income FY2026 750K USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue40.95M USD46.86M USD36.51M USD25.01M USD23.11M USD
Cost of goods sold23.16M USD26.84M USD21.72M USD16.41M USD19.29M USD
Gross profit17.79M USD20.02M USD14.79M USD8.61M USD3.81M USD
Research and development1.59M USD1.91M USD2.13M USD1.37M USD3.6M USD
Selling, general, and administrative13.35M USD11.29M USD12.14M USD12.88M USD14.76M USD
Operating expenses14.93M USD13.21M USD14.28M USD14.26M USD18.36M USD
Interest expense675K USD519K USD
Depreciation and amortization873K USD944K USD1.18M USD1.34M USD2.21M USD
Operating income2.86M USD6.82M USD518K USD−5.65M USD−14.54M USD
Net income750K USD5.07M USD−2.07M USD−8.83M USD−15.09M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
40%
4 beats, 6 misses, 0 met estimates
Average EPS surprise
+37.06%
10 comparable reports
Latest EPS result
-0.05

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.111.950.8-0.36Q4 '24BeatQ2 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ2 '26MissQ2 '26No estimateQ3 '26Estimate
Q4 2024, reported Dec 10, 2024: actual 2.87, estimate 0.13, surprise +2107.69%, Beat. Q2 2025, reported Apr 22, 2025: actual 0.25, estimate 0.18, surprise +38.89%, Beat. Q2 2025, reported Jun 10, 2025: actual -0.12, estimate 0.19, surprise -163.16%, Miss. Q3 2025, reported Sep 9, 2025: actual 0.24, estimate 0.19, surprise +26.32%, Beat. Q4 2025, reported Dec 9, 2025: actual 0.01, estimate 0.16, surprise -93.75%, Miss. Q2 2026, reported Apr 15, 2026: actual -0.03, estimate 0.31, surprise -109.68%, Miss. Q2 2026, reported Jun 10, 2026: actual -0.05, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Sep 8, 2026: actual —, estimate -0.08, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates15.65M12.79M9.93M7.08MQ4 '24MissQ2 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ2 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 10, 2024: actual 12.11M USD, estimate 12.2M USD, surprise -0.78%, Miss. Q2 2025, reported Apr 22, 2025: actual 15.04M USD, estimate 12.2M USD, surprise +23.31%, Beat. Q2 2025, reported Jun 10, 2025: actual 7.9M USD, estimate 10.1M USD, surprise -21.76%, Miss. Q3 2025, reported Sep 9, 2025: actual 13.56M USD, estimate 10.9M USD, surprise +24.41%, Beat. Q4 2025, reported Dec 9, 2025: actual 9.69M USD, estimate 10.9M USD, surprise -11.12%, Miss. Q2 2026, reported Apr 15, 2026: actual 9.8M USD, estimate 14.65M USD, surprise -33.13%, Miss. Q2 2026, reported Jun 10, 2026: actual 9.67M USD, estimate 9.45M USD, surprise +2.35%, Beat. Q3 2026, reported Sep 8, 2026: actual —, estimate 7.68M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

4 ratings

Limited analyst sample: 4 ratings. Interpret the distribution with caution.

Strong buy00%
Buy125%
Hold375%
Sell00%
Strong sell00%

MIND news

Corporate actions

Corporate action history

Dividend

Ex-dividend Oct 12, 2018

$0.0563

Special

Record Oct 15, 2018 · Payment Oct 31, 2018

MIND peers

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