Mind Technology Financials Overview

MIND Stock

USD 7.22 0.36 5.25%

Mind Technology's latest filings are presented below to assess profitability sustainability, liquidity adequacy, and balance-sheet resilience. Revenue for Mind Technology came in at $40.95 million with $750.0 thousand in net income, a 1.83% margin. On the balance sheet, cash sits at $833.0 thousand with debt at $1.09 million. Capital allocation and earnings structure point to Mind Technology having moderate financial flexibility with thin profitability. Return on assets remains in positive territory, consistent with the company's business model and scale.

Cash Flow Balance Sheet Income Statement

Macro event markers

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Interest Hikes

Balance Sheet Account Activities

Other Current Liabilities stood at $2.57 million as of December 31, 2025. Meanwhile, Total Current Liabilities are broadly unchanged at $7.44 million, although Property Plant And Equipment Net is broadly unchanged around $2.33 million.

Total Assets Short Long Term Debt Total Total Current Liabilities Total Stockholder Equity

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Key Financial Indicators for Mind Technology

Operating Margin

0.8%

Short Term Coverage Ratios

3.22

Short Long Term Debt Total

1.04 million

Other Current Liab

2.7 million

Price Earnings Ratio

110.74

For Mind Technology, balance-sheet leverage, cash flow conversion, and margin trends together define its current financial health. How well Mind Technology pays suppliers, services interest, and allocates excess cash reflects operational discipline. A thorough health check examines whether Mind Technology's cash position is improving and leverage is declining. Mind Technology (MIND) recorded $0.06 in Cash Per Share, $0.22 in Free Cash Flow Per Share, and a Cash Ratio of 2.69.

Net Working Capital

$16.92 million

Mind Technology Stock Summary

Mind Technology is commonly compared to Genasys. MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas. Mitcham Industries operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. It employs 200 people.

Foreign Associate	GB UK
Specialization	Technology, Scientific & Technical Instruments
Instrument	USA Stock View All
Exchange	NASDAQ Exchange
ISIN	US6025661017
Business Address	2002 Timberloch Place,
Sector	Energy Equipment & Services
Industry	Energy
Benchmark	Dow Jones Industrial
Website	mind-technology.com
Phone	281 353 4475
Trading Currency	USD - US Dollar

Revenue, margins, and capital structure at Mind Technology are presented below from the most recent reporting periods. Mind Technology balance sheet structure, income conversion, and cash flow adequacy are each examined against prior-period baselines. Sector dynamics and macro conditions shape these figures - the data below puts Mind Technology performance in that context.

Key Financial Ratios

Return on equity, debt-to-equity, and margin ratios from Mind Technology's statements reveal whether the business is generating adequate returns on the capital it employs.

	Return On Equity TTM	0.0218
	Return On Asset TTM	0.0416
	Profit Margin TTM	0.0183
	Operating Margin TTM	0.008
	Target Price	10.0

More Fundamentals

Financial Ratio Analysis

ROE stood at 0.02 as of December 31, 2025. Related reported metric: Return On Asset TTM at 1.60% as of December 31, 2025.

Core Fundamental Drivers

Mind Technology's fundamental indicators are structurally linked - return on equity depends on both margin performance and the leverage supporting it. Mind Technology reports revenue of 40.95 M, and an operating margin of 0.8% on a trailing twelve-month basis, compared to 7.33% in the last reported annual period.

	2023	2024	2025	2026 (projected)
Total Operating Expenses	14.3M	13.2M	14.9M	18.7M
Cost Of Revenue	21.7M	26.8M	23.2M	29.8M

Total Operating Expenses Cost Of Revenue

Key Balance Sheet Account Correlations

The correlation structure within Mind Technology's balance sheet maps how key financial accounts interact under real operating conditions. Clusters of correlated accounts often correspond to distinct business segments or cost centers, making the matrix a useful tool for decomposing Mind Technology's aggregate performance. Relationships between total assets and total liabilities reveal how changes in leverage affect the overall financial position.

Balance Sheet Account Relationship Matchups

Financial Metrics, Fundamentals & Methodology

Mind Technology's financial profile is best read through income generation trends and leverage discipline. Free cash flow gives a cleaner read on financial quality than earnings alone. Mind Technology financial statements report revenue of 40.95 million, positive EPS of 0.09, operating margin of 0.8%, current ratio of 2.87 as of the latest reporting period.

Reported values for Mind Technology are derived from periodic company reporting and market reference feeds and standardized for analysis. Analyst inputs may be included when coverage is available. Financial statement fields are presented under issuer-reported GAAP or IFRS accounting conventions.

Editorial review and methodology oversight provided by: Raphi Shpitalnik, Junior Member of Macroaxis Editorial Board

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Total Assets	Short Long Term Debt Total
Other Current Liab	Total Current Liabilities
Total Stockholder Equity	Property Plant And Equipment Net
Net Debt	Retained Earnings
Accounts Payable	Cash
Non Current Assets Total	Non Current Assets Other
Cash And Short Term Investments	Net Receivables
Common Stock Shares Outstanding	Liabilities And Stockholders Equity
Non Current Liabilities Total	Inventory
Other Stockholder Equity	Total Liab
Total Current Assets	Short Term Debt
Other Current Assets	Property Plant And Equipment Gross
Accumulated Other Comprehensive Income	Short Term Investments
Common Stock	Other Assets
Common Stock Total Equity	Property Plant Equipment
Long Term Debt	Treasury Stock
Current Deferred Revenue	Good Will
Intangible Assets	Other Liab
Total Permanent Equity	Noncontrolling Interest In Consolidated Entity
Retained Earnings Total Equity	Additional Paid In Capital
Deferred Long Term Liab	Preferred Stock Total Equity
Temporary Equity Redeemable Noncontrolling Interests	Net Tangible Assets
Long Term Debt Total	Capital Surplus
Non Current Liabilities Other	Deferred Long Term Asset Charges
Short Long Term Debt	Long Term Investments
Net Invested Capital	Net Working Capital
Capital Stock	Capital Lease Obligations

	Total Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Net Receivables	Inventory	Total Liab	Common Stock	Treasury Stock	Intangible Assets
Total Assets		0.38	0.83	0.77	0.46	0.96	-0.25	0.85	0.32	0.45	0.18
Net Debt	0.38		0.51	0.2	-0.55	0.34	0.15	0.62	0.22	-0.06	0.55
Retained Earnings	0.83	0.51		0.6	0.16	0.78	-0.55	0.69	0.29	0.63	0.27
Accounts Payable	0.77	0.2	0.6		0.39	0.8	-0.25	0.78	0.21	0.62	-0.16
Cash	0.46	-0.55	0.16	0.39		0.5	-0.32	0.2	-0.03	0.35	-0.44
Net Receivables	0.96	0.34	0.78	0.8	0.5		-0.24	0.9	0.21	0.45	0.11
Inventory	-0.25	0.15	-0.55	-0.25	-0.32	-0.24		-0.05	0.03	-0.87	0.34
Total Liab	0.85	0.62	0.69	0.78	0.2	0.9	-0.05		0.23	0.29	0.25
Common Stock	0.32	0.22	0.29	0.21	-0.03	0.21	0.03	0.23		0.0	0.51
Treasury Stock	0.45	-0.06	0.63	0.62	0.35	0.45	-0.87	0.29	0.0		-0.45
Intangible Assets	0.18	0.55	0.27	-0.16	-0.44	0.11	0.34	0.25	0.51	-0.45

Net Receivables	+ 0.96	Total Assets
Total Liab	+ 0.9	Net Receivables
Total Liab	+ 0.85	Total Assets
Retained Earnings	+ 0.83	Total Assets
Net Receivables	+ 0.8	Accounts Payable
Net Receivables	+ 0.78	Retained Earnings

Treasury Stock	- 0.87	Inventory
Inventory	- 0.55	Retained Earnings
Cash	- 0.55	Net Debt
Intangible Assets	- 0.45	Treasury Stock
Intangible Assets	- 0.44	Cash
Inventory	- 0.32	Cash

Mind Technology Financials Overview

Balance Sheet Account Activities

Key Financial Indicators for Mind Technology

Net Working Capital

Mind Technology Stock Summary

Key Financial Ratios

Financial Ratio Analysis

Core Fundamental Drivers

Key Balance Sheet Account Correlations

Balance Sheet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Financial Metrics, Fundamentals & Methodology

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