Mind Technology Financials

MIND Stock

USD 8.50 0.11 1.31%

Based on the key measurements obtained from Mind Technology's financial statements, Mind Technology is performing exceptionally good at this time. It has a great probability to report excellent financial results in March. At present, Mind Technology's Total Current Liabilities is projected to decrease significantly based on the last few years of reporting. The current year's Accounts Payable is expected to grow to about 4.1 M, whereas Short and Long Term Debt Total is forecasted to decline to about 1.4 M.

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Mind Technology Balance Sheet Chart

At present, Mind Technology's Total Current Liabilities is projected to decrease significantly based on the last few years of reporting. The current year's Accounts Payable is expected to grow to about 4.1 M, whereas Short and Long Term Debt Total is forecasted to decline to about 1.4 M.

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

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Key indicators impacting Mind Technology's financial strength include:

Current Value

Last Year

Change From Last Year

10 Year Trend

Debt Equity Ratio

0.0528

0.0555

Notably Down

Slightly volatile

Current Ratio

2.6

3.34

Significantly Down

Slightly volatile

The financial analysis of Mind Technology is a critical element in measuring its lifeblood. Investors should carefully consider Mind Technology's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

4.79 Million

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Mind Technology Earnings Geography

Please note, the presentation of Mind Technology's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Mind Technology's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Mind Technology's management manipulating its earnings.

Mind Technology Stock Summary

Mind Technology competes with Gauzy, Syntec Optics, Soluna Holdings, Genasys, and Interlink Electronics. 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	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
Currency	USD - US Dollar

Mind Technology Key Financial Ratios

	Return On Equity	0.0937
	Profit Margin	0.07 %
	Operating Margin	0.08 %
	Price To Sales	1.66 X
	Revenue	46.86 M

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Mind Technology Key Balance Sheet Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	42.0M	32.9M	33.5M	36.7M	42.2M	40.1M
Other Current Liab	3.2M	3.0M	1.4M	668K	768.2K	806.6K
Net Debt	(3.3M)	971K	(4.0M)	(4.0M)	(4.6M)	(4.4M)
Retained Earnings	(117.9M)	(127.6M)	(128.3M)	(108.4M)	(124.7M)	(131.0M)
Accounts Payable	2.0M	2.5M	1.6M	2.6M	2.3M	4.1M
Cash	5.1M	778K	5.3M	5.3M	6.1M	7.9M
Net Receivables	8.1M	3.2M	6.6M	11.8M	13.6M	13.5M
Inventory	14.0M	15.3M	13.4M	13.7M	15.8M	8.0M
Total Liab	11.8M	9.8M	10.9M	9.4M	10.8M	18.3M
Total Current Assets	29.2M	22.2M	28.3M	32.1M	36.9M	34.4M
Short Term Debt	1.7M	1.8M	1.5M	1.2M	1.3M	2.2M
Other Current Assets	2.0M	2.9M	3.1M	1.2M	1.1M	1.0M
Intangible Assets	6.0M	3.6M	2.9M	2.3M	2.7M	2.5M
Other Liab	1.2M	198K	92K	298K	268.2K	254.8K
Net Tangible Assets	14.9M	562K	(13.5M)	(19.7M)	(17.7M)	(16.8M)

Mind Technology Key Income Statement Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Interest Expense	10.5M	926K	519K	675K	607.5K	577.1K
Total Revenue	23.1M	25.0M	36.5M	46.9M	53.9M	47.8M
Gross Profit	6.0M	8.6M	14.8M	21.0M	18.9M	13.9M
Operating Income	(14.5M)	(5.7M)	518K	6.8M	6.1M	6.4M
Ebit	(14.5M)	(5.4M)	518K	7.1M	6.4M	6.7M
Ebitda	(12.3M)	(4.1M)	2.0M	8.0M	7.2M	10.1M
Cost Of Revenue	17.1M	15.1M	21.7M	25.9M	29.8M	28.8M
Income Before Tax	(13.6M)	(5.4M)	238K	7.1M	6.4M	6.7M
Net Income	(15.1M)	(8.8M)	(2.1M)	5.1M	4.6M	4.8M
Income Tax Expense	(39K)	699K	1.3M	2.0M	1.8M	1.7M
Research Development	3.6M	1.4M	2.1M	1.9M	2.2M	1.5M
Tax Provision	(39K)	699K	1.3M	2.0M	1.8M	1.5M

Mind Technology Key Cash Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Change In Cash	503K	(4.3M)	4.5M	47K	42.3K	40.2K
Free Cash Flow	(18.0M)	(3.5M)	(5.3M)	214K	246.1K	258.4K
Depreciation	2.2M	1.9M	1.2M	944K	1.1M	1.0M
Capital Expenditures	834K	582K	290K	437K	393.3K	373.6K
Net Income	(15.1M)	(8.8M)	(1.1M)	5.1M	4.6M	4.8M
End Period Cash Flow	5.1M	778K	5.3M	5.3M	4.8M	7.2M
Other Non Cash Items	(537K)	1.1M	(766K)	(389K)	(350.1K)	(332.6K)
Change To Inventory	(3.1M)	(1.8M)	(3.6M)	(441K)	(396.9K)	(377.1K)
Investments	5.4M	470K	11.0M	20K	18K	17.1K

Mind Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Mind Technology's current stock value. Our valuation model uses many indicators to compare Mind Technology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mind Technology competition to find correlations between indicators driving Mind Technology's intrinsic value. More Info.

Mind Technology is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.89 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Mind Technology is roughly 1.12 . At present, Mind Technology's Return On Equity is projected to slightly decrease based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Mind Technology by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Most indicators from Mind Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mind Technology current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.At present, Mind Technology's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 10.54, whereas Discontinued Operations is forecasted to decline to (1.7 M).

	2023	2024	2025	2026 (projected)
Total Operating Expenses	14.3M	14.1M	16.3M	20.4M
Cost Of Revenue	21.7M	25.9M	29.8M	28.8M

Total Operating Expenses Cost Of Revenue

Mind Technology fundamental ratios Correlations

	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 Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Other Current Assets	Property Plant And Equipment Gross	Short Term Investments	Common Stock	Other Assets
Total Assets		0.81	-0.1	0.59	0.99	0.99	0.41	0.86	0.78	0.71	0.99	-0.63	0.73	0.94	-0.11	0.85	-0.25	0.18	0.84	0.92	-0.06	0.76	0.99	0.06	0.43	0.11
Short Long Term Debt Total	0.81		0.06	0.44	0.76	0.8	0.83	0.74	0.5	0.3	0.82	-0.57	0.32	0.77	-0.15	0.97	-0.08	0.05	0.87	0.69	0.07	0.56	0.79	0.0	0.33	0.02
Other Current Liab	-0.1	0.06		0.35	-0.16	-0.16	0.13	-0.14	-0.05	-0.18	-0.11	-0.01	-0.16	-0.03	-0.18	0.09	0.25	0.04	0.19	-0.07	0.44	-0.21	-0.18	0.21	0.15	0.17
Total Current Liabilities	0.59	0.44	0.35		0.54	0.56	0.18	0.27	0.76	0.5	0.54	-0.46	0.5	0.74	0.25	0.52	0.07	0.44	0.79	0.71	0.09	0.2	0.58	0.16	0.16	0.04
Total Stockholder Equity	0.99	0.76	-0.16	0.54		0.99	0.35	0.87	0.75	0.73	0.99	-0.61	0.75	0.92	-0.12	0.8	-0.28	0.16	0.78	0.91	-0.05	0.78	0.99	0.04	0.44	0.15
Property Plant And Equipment Net	0.99	0.8	-0.16	0.56	0.99		0.41	0.89	0.79	0.69	1.0	-0.61	0.71	0.92	-0.18	0.84	-0.33	0.09	0.82	0.88	-0.13	0.75	1.0	0.14	0.4	0.08
Net Debt	0.41	0.83	0.13	0.18	0.35	0.41		0.44	0.08	-0.27	0.44	-0.39	-0.25	0.37	-0.19	0.73	0.09	-0.11	0.6	0.25	0.17	0.33	0.41	-0.03	0.12	-0.04
Retained Earnings	0.86	0.74	-0.14	0.27	0.87	0.89	0.44		0.56	0.5	0.9	-0.44	0.53	0.75	-0.51	0.75	-0.57	-0.31	0.62	0.62	-0.03	0.64	0.87	0.35	0.47	0.23
Accounts Payable	0.78	0.5	-0.05	0.76	0.75	0.79	0.08	0.56		0.8	0.74	-0.51	0.8	0.84	0.06	0.66	-0.34	0.2	0.79	0.8	-0.38	0.41	0.81	0.31	0.2	-0.17
Cash	0.71	0.3	-0.18	0.5	0.73	0.69	-0.27	0.5	0.8		0.66	-0.37	1.0	0.74	0.15	0.43	-0.34	0.3	0.52	0.8	-0.26	0.42	0.7	0.07	0.35	0.01
Non Current Assets Total	0.99	0.82	-0.11	0.54	0.99	1.0	0.44	0.9	0.74	0.66		-0.61	0.69	0.91	-0.21	0.85	-0.31	0.08	0.81	0.88	-0.05	0.76	0.99	0.11	0.43	0.13
Non Currrent Assets Other	-0.63	-0.57	-0.01	-0.46	-0.61	-0.61	-0.39	-0.44	-0.51	-0.37	-0.61		-0.38	-0.6	-0.02	-0.61	0.07	-0.22	-0.64	-0.64	0.13	-0.68	-0.6	0.07	-0.55	0.25
Cash And Short Term Investments	0.73	0.32	-0.16	0.5	0.75	0.71	-0.25	0.53	0.8	1.0	0.69	-0.38		0.74	0.09	0.45	-0.35	0.28	0.52	0.8	-0.25	0.45	0.72	0.08	0.36	0.03
Net Receivables	0.94	0.77	-0.03	0.74	0.92	0.92	0.37	0.75	0.84	0.74	0.91	-0.6	0.74		0.08	0.83	-0.23	0.24	0.9	0.94	-0.05	0.56	0.94	0.15	0.39	0.06
Common Stock Shares Outstanding	-0.11	-0.15	-0.18	0.25	-0.12	-0.18	-0.19	-0.51	0.06	0.15	-0.21	-0.02	0.09	0.08		-0.14	0.54	0.79	0.06	0.23	-0.02	-0.18	-0.13	-0.57	-0.14	-0.2
Non Current Liabilities Total	0.85	0.97	0.09	0.52	0.8	0.84	0.73	0.75	0.66	0.43	0.85	-0.61	0.45	0.83	-0.14		-0.16	0.05	0.93	0.75	-0.11	0.57	0.84	0.13	0.31	-0.13
Inventory	-0.25	-0.08	0.25	0.07	-0.28	-0.33	0.09	-0.57	-0.34	-0.34	-0.31	0.07	-0.35	-0.23	0.54	-0.16		0.72	-0.12	-0.03	0.29	-0.11	-0.32	-0.73	-0.26	-0.02
Other Stockholder Equity	0.18	0.05	0.04	0.44	0.16	0.09	-0.11	-0.31	0.2	0.3	0.08	-0.22	0.28	0.24	0.79	0.05	0.72		0.22	0.48	0.12	0.18	0.12	-0.72	-0.03	-0.05
Total Liab	0.84	0.87	0.19	0.79	0.78	0.82	0.6	0.62	0.79	0.52	0.81	-0.64	0.52	0.9	0.06	0.93	-0.12	0.22		0.83	-0.05	0.47	0.83	0.15	0.3	-0.1
Total Current Assets	0.92	0.69	-0.07	0.71	0.91	0.88	0.25	0.62	0.8	0.8	0.88	-0.64	0.8	0.94	0.23	0.75	-0.03	0.48	0.83		-0.06	0.67	0.9	-0.11	0.38	0.03
Short Term Debt	-0.06	0.07	0.44	0.09	-0.05	-0.13	0.17	-0.03	-0.38	-0.26	-0.05	0.13	-0.25	-0.05	-0.02	-0.11	0.29	0.12	-0.05	-0.06		-0.12	-0.15	-0.29	0.25	0.81
Other Current Assets	0.76	0.56	-0.21	0.2	0.78	0.75	0.33	0.64	0.41	0.42	0.76	-0.68	0.45	0.56	-0.18	0.57	-0.11	0.18	0.47	0.67	-0.12		0.74	-0.19	0.38	0.02
Property Plant And Equipment Gross	0.99	0.79	-0.18	0.58	0.99	1.0	0.41	0.87	0.81	0.7	0.99	-0.6	0.72	0.94	-0.13	0.84	-0.32	0.12	0.83	0.9	-0.15	0.74		0.13	0.36	0.05
Short Term Investments	0.06	0.0	0.21	0.16	0.04	0.14	-0.03	0.35	0.31	0.07	0.11	0.07	0.08	0.15	-0.57	0.13	-0.73	-0.72	0.15	-0.11	-0.29	-0.19	0.13		0.0	-0.1
Common Stock	0.43	0.33	0.15	0.16	0.44	0.4	0.12	0.47	0.2	0.35	0.43	-0.55	0.36	0.39	-0.14	0.31	-0.26	-0.03	0.3	0.38	0.25	0.38	0.36	0.0		0.29
Other Assets	0.11	0.02	0.17	0.04	0.15	0.08	-0.04	0.23	-0.17	0.01	0.13	0.25	0.03	0.06	-0.2	-0.13	-0.02	-0.05	-0.1	0.03	0.81	0.02	0.05	-0.1	0.29

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Mind Technology Account Relationship Matchups

Mind Technology fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	42.0M	32.9M	33.5M	36.7M	42.2M	40.1M
Other Current Liab	3.2M	3.0M	1.4M	668K	768.2K	806.6K
Net Debt	(3.3M)	971K	(4.0M)	(4.0M)	(4.6M)	(4.4M)
Retained Earnings	(117.9M)	(127.6M)	(128.3M)	(108.4M)	(124.7M)	(131.0M)
Accounts Payable	2.0M	2.5M	1.6M	2.6M	2.3M	4.1M
Cash	5.1M	778K	5.3M	5.3M	6.1M	7.9M
Net Receivables	8.1M	3.2M	6.6M	11.8M	13.6M	13.5M
Inventory	14.0M	15.3M	13.4M	13.7M	15.8M	8.0M
Total Liab	11.8M	9.8M	10.9M	9.4M	10.8M	18.3M
Total Current Assets	29.2M	22.2M	28.3M	32.1M	36.9M	34.4M
Short Term Debt	1.7M	1.8M	1.5M	1.2M	1.3M	2.2M
Other Current Assets	2.0M	2.9M	3.1M	1.2M	1.1M	1.0M
Intangible Assets	6.0M	3.6M	2.9M	2.3M	2.7M	2.5M
Other Liab	1.2M	198K	92K	298K	268.2K	254.8K
Net Tangible Assets	14.9M	562K	(13.5M)	(19.7M)	(17.7M)	(16.8M)

Today, most investors in Mind Technology Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Mind Technology's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Mind Technology growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.0464)

At present, Mind Technology's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Mind Technology February 14, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Mind Technology help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Mind Technology. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mind Technology based on widely used predictive technical indicators. In general, we focus on analyzing Mind Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Mind Technology's daily price indicators and compare them against related drivers.

	Information Ratio	(0.11)
	Maximum Drawdown	31.38
	Value At Risk	(9.30)
	Potential Upside	7.92

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When running Mind Technology's price analysis, check to measure Mind Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mind Technology is operating at the current time. Most of Mind Technology's value examination focuses on studying past and present price action to predict the probability of Mind Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mind Technology's price. Additionally, you may evaluate how the addition of Mind Technology to your portfolios can decrease your overall portfolio volatility.

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Mind Technology Financials

Mind Technology Balance Sheet Chart

Net Income

4.79 Million

Mind Technology Earnings Geography

Mind Technology Stock Summary

Mind Technology Key Financial Ratios

Mind Technology Key Balance Sheet Accounts

Mind Technology Key Income Statement Accounts

Mind Technology Key Cash Accounts

Mind Financial Ratios Relationships

Mind Technology fundamental ratios Correlations

Mind Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mind Technology fundamental ratios Accounts

Price Earnings To Growth Ratio

(0.0464)

Mind Technology February 14, 2026 Opportunity Range

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COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Short Term Investments	- 0.73	Inventory
Short Term Investments	- 0.72	Other Stockholder Equity
Other Current Assets	- 0.68	Non Currrent Assets Other
Total Current Assets	- 0.64	Non Currrent Assets Other
Total Liab	- 0.64	Non Currrent Assets Other
Non Currrent Assets Other	- 0.63	Total Assets