Mind Technology, Inc
MIND Nasdaq· Search, Detection, Navigation, Guidance, Aeronautical Sys
Last close · Oct 23, 2026
$4.08
KIRA · Stoqly’s AI analyst, in plain words
- Mind Technology, Inc had $40.9M of revenue in fiscal 2026, down 12.6% on the year before. Over five years, revenue changed +14.1% a year on average.
- Its operating margin was 7.0%, down 7.6 pts: of every 100 in sales, about 7 is left after running the business.
- Mind Technology, Inc made $0.8M of net profit in fiscal 2026.
- Free cash flow was $1.9M in fiscal 2026, 4.7% of revenue.
Market cap
$34.0M
P/E
—
Revenue
$40.9M
Net income
$0.8M
Free cash flow
$1.9M
Operating margin
7.0%
Mind Technology, Inc in 30 seconds · fiscal 2026
Are sales growing?
−12.6%
No. Sales fell 12.6% last year.
Does it make a profit?
1.8%
A little. It keeps 1.8% of every sale as profit.
Does profit turn into cash?
4.7%
Partly. 4.7% of sales ends up as free cash.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
What Mind Technology, Inc does
No business description yet.
- Fiscal year ends
- January 31, 2026
- Latest annual report
- 10-K · Apr 20, 2026
- Legal name
- MIND TECHNOLOGY, INC
- CIK
- 0000926423
Mind Technology, Inc · MIND
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $23.1M | $25.0M | $36.5M | $46.9M | $40.9M |
| Revenue growth | 8.9% | 8.2% | 46.0% | 28.4% | −12.6% |
| Gross margin | 26.1% | 39.8% | 43.7% | 44.7% | 45.6% |
| Operating margin | −62.9% | −22.6% | 1.4% | 14.5% | 7.0% |
| Net income | −$15.1M | −$8.8M | $0.3M | $5.1M | $0.8M |
| Net margin | −65.3% | −35.3% | 0.8% | 10.8% | 1.8% |
| Diluted EPS | −$1.31 | −$0.92 | — | — | — |
| Cash | |||||
| Cash from operations | −$17.1M | −$2.9M | −$5.0M | $0.7M | $2.6M |
| Capital expenditure | $0.8M | $0.6M | $0.3M | $0.4M | $0.7M |
| Free cash flow | −$18.0M | −$3.5M | −$5.3M | $0.2M | $1.9M |
| FCF margin | −77.8% | −13.9% | −14.4% | 0.5% | 4.7% |
| Share buybacks | $0.0M | $0.0M | $0.0M | — | — |
| Share count change | 10.0% | −89.8% | −99.9% | 291,185.7% | 104.2% |
| Debt and strength | |||||
| Cash and short-term investments | $5.1M | $0.8M | $5.3M | $5.3M | $19.1M |
| Shareholders' equity | $30.3M | $23.1M | $22.6M | $27.3M | $41.4M |
| Current ratio | 2.7x | 2.5x | 2.8x | 3.7x | 6.0x |
| Returns and quality | |||||
| Return on equity | −49.7% | −33.1% | 1.2% | 20.3% | 2.2% |
| Return on tangible equity | −74.2% | −65.0% | −17.8% | 70.3% | 1.9% |
| Piotroski F-score | 2 | 5 | 6 | 6 | 5 |
| Altman Z'' | −5.9 | −8.7 | −6.7 | −1.1 | 3.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Mind Technology, Inc · MIND
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $4.08 a share, the company is worth $34.0M.
Source: SEC EDGAR XBRL filings (CIK 0000926423). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.