MIND Technology, Inc. financials

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MIND CIK 0000926423

Source: EDGAR filings · Built 2026-06-03T02:27:25Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2026FY 2025FY 2024FY 2023FY 2022FY 2021
Free Cash Flow 1.92M 214.00K -5.26M -3.48M -17.97M -6.45M
EBITDA 3.73M 7.76M 1.70M -4.31M -12.34M -11.53M
Working Capital 37.44M 23.47M 18.06M 13.30M 18.55M 18.95M
Net Debt -17.96M -4.02M -3.96M 971.00K -3.28M -3.14M
Gross Margin 45.58% 44.74% 43.74% 39.78% 26.06% 34.45%
Operating Margin 6.98% 14.55% 1.42% -22.59% -62.94% -67.54%
Net Margin 1.83% 10.83% 0.75% -35.31% -65.28% -95.72%
Return on Equity (ROE) 1.81% 18.56% 1.21% -38.31% -49.85% -66.76%
Return on Assets (ROA) 1.52% 13.82% 0.82% -26.88% -35.90% -51.07%
Current Ratio 6.03× 3.71× 2.76× 2.49× 2.73× 3.42×
Debt-to-Equity 0.03× 0.05× 0.06× 0.08× 0.06× 0.05×
Effective Tax Rate 74.15% 28.11% 562.18% -12.96% 0.29% -3.98%
Cash Conversion Ratio 3.45× 0.13× -18.13× 0.33× 1.14× 0.31×
Accruals Ratio -0.04× 0.12× 0.16× -0.18× 0.05× -0.35×
SBC % of Revenue 3.79% 0.50% 0.71% 2.61% 2.78% 3.34%
CapEx Coverage 3.90× 1.49× -17.13× -5.10× -20.54× -70.67×
Free Cash Flow Per Share $0.23 $0.05 $-3.74 $-2.47 $-1.30 $-0.52

Valuation Metrics

Concept FY 2026FY 2025FY 2024FY 2023FY 2022FY 2021
P/E Trailing (Diluted) 97.22× 2.15× — — — —
P/FCF 37.90× 176.57× — — — —
FCF Yield 2.64% 0.57% — — — —
EV / EBITDA 16.50× 9.00× 2.64× — — —
P/S 1.94× 1.58× 0.23× 0.00× 0.09× 0.16×
P/B 1.92× 2.70× — — — 0.46×

Income Statement

Concept FY 2026FY 2025FY 2024FY 2023FY 2022FY 2021
Revenue from Contract with Customer, Excluding Assessed Tax 40.95M 46.86M 36.51M 25.01M 23.11M 21.21M
Gross Profit 18.66M 20.97M 15.97M 9.95M 6.02M 7.31M
Research and Development Expense 1.59M 1.91M 2.13M 1.37M 3.60M 3.00M
Selling, General and Administrative Expense 13.35M 11.29M 12.14M 12.88M 14.76M 12.65M
Operating Expenses 15.81M 14.15M 15.45M 15.60M 20.57M 21.64M
Operating Income (Loss) 2.86M 6.82M 518.00K -5.65M -14.54M -14.33M
Income Tax Expense (Benefit) 2.15M 1.98M 1.34M 699.00K -39.00K 536.00K
Net Income (Loss) Attributable to Parent 750.00K 5.07M 274.00K -8.83M -15.09M -20.31M
Earnings Per Share, Basic $0.09 $4.32 $-2.50 $-8.98 $-1.31 $-1.80
Weighted Average Number of Shares Outstanding, Basic 8.26M 4.08M 1.41M 1.41M 13.77M 12.52M
Earnings Per Share, Diluted — — — $-0.92 $-1.31 $-1.80
Weighted Average Number of Shares Outstanding, Diluted 8.33M 4.08M 1.41M 1.41M 13.77M 12.52M

Balance Sheet

Concept FY 2026FY 2025FY 2024FY 2023FY 2022FY 2021
Cash and Cash Equivalents, at Carrying Value 19.05M 5.34M 5.29M 778.00K 5.11M 4.61M
Assets, Current 44.88M 32.12M 28.34M 22.23M 29.25M 26.79M
Assets 49.27M 36.72M 33.49M 32.86M 42.02M 39.76M
Liabilities, Current 7.44M 8.64M 10.28M 8.93M 10.70M 7.84M
Liabilities 7.85M 9.39M 10.85M 9.81M 11.76M 9.35M
Stockholders' Equity Attributable to Parent 41.42M 27.33M 22.64M 23.05M 30.26M 30.42M
Common Stock, Shares, Outstanding 9.09M 7.97M 1.41M — — —

Cash Flow Statement

Concept FY 2026FY 2025FY 2024FY 2023FY 2022FY 2021
Net Cash Provided by (Used in) Operating Activities 2.59M 651.00K -4.97M -2.90M -17.13M -6.36M
Payments to Acquire Property, Plant, and Equipment 663.00K 437.00K 290.00K 570.00K 834.00K 90.00K
Net Cash Provided by (Used in) Investing Activities -663.00K 20.00K 11.02M 470.00K 5.36M 3.21M
Payments for Repurchase of Common Stock — — 0 1.00K 2.00K 0
Net Cash Provided by (Used in) Financing Activities 11.79M -619.00K -1.53M -1.90M 12.19M 4.51M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

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Compare filings side-by-side

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Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (MIND CIK 0000926423), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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