Geospace Technologies Corporation
GEOS Energy Oil & Gas Equipment & Services
Geospace Technologies Corporation’s revenue for fiscal 2025 (year ended September 2025) was $110.8 million, down 18.3% from fiscal 2024. In the quarter to June 2026, revenue fell 36.4%, EPS fell 1,350.0% and free cash flow fell 251.3%, each against the same quarter a year earlier.
Follow GEOS
Geospace Technologies Corporation (GEOS) Beneish M-score
Geospace Technologies Corporation's Beneish M-score for fiscal 2025 is −1.74; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −1.74 | 0.63 |
| FY2024 | −2.38 | 0.45 |
| FY2023 | −2.83 | 0.15 |
| FY2022 | −2.98 | (0.65) |
| FY2021 | −2.33 | 1.43 |
| FY2020 | −3.76 | (1.63) |
| FY2019 | −2.13 | 1.76 |
| FY2018 | −3.89 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.57 | — | 1.44 | |
| Gross margin index | 1.31 | — | 0.69 | |
| Asset quality index | 0.98 | — | 0.40 | |
| Sales growth index | 0.82 | — | 0.73 | |
| Depreciation index | 1.34 | — | 0.15 | |
| SG&A index | 1.37 | — | −0.24 | |
| Total accruals to total assets | 0.08 | — | 0.38 | |
| Leverage index | 1.41 | — | −0.46 | |
| Beneish M-score | Flagged by the model | −1.74 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| DWSN Dawson Geophysical Company compare | −4.3× |
| STAK STAK Inc. compare | −3.5× |
| KLXE KLX Energy Services Holdings, Inc. compare | −3.4× |
| SND Smart Sand compare | −3.3× |
| DTI Drilling Tools International Corp. compare | −3.0× |
| RNGR Ranger Energy Services, Inc. compare | −2.9× |
| OMSE OMS Energy Technologies Inc. compare | −2.6× |
| LSE Leishen Energy Holding Co., Ltd. compare | −2.0× |
| GEOS Geospace Technologies Corporation | −1.7× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI