MIND Technology, Inc.
MIND Technology Scientific & Technical Instruments
MIND Technology, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $40.9 million, down 12.6% from fiscal 2025. In the quarter to July 2026, revenue fell 58.5%, EPS fell 179.2% and free cash flow fell 41.5%, each against the same quarter a year earlier.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Jan '26 | Jan '25 | Jan '24 | Jan '23 | Jan '23 | Jan '22 | Jan '22 | Jan '21 | Jan '21 | Jan '20 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
19.05 | 5.34 | 5.29 | 0.78 | — | 5.11 | — | 4.61 | — | 3.23 |
Receivables |
12.57 | 11.82 | 6.57 | 3.25 | — | 8.13 | — | 4.75 | — | 6.62 |
Inventory |
11.15 | 13.75 | 13.37 | 11.03 | — | 14.01 | — | 11.45 | — | 12.66 |
Other current assets |
— | — | — | — | — | 0.16 | — | 4.32 | — | 14.91 |
Total current assets |
44.88 | 32.12 | 28.34 | 22.23 | — | 29.25 | — | 26.79 | — | 39.41 |
Property, Plant, Equpment (Net) |
1.24 | 0.89 | 0.82 | 0.95 | — | 4.27 | — | 4.75 | — | 5.42 |
Long-term receivables |
— | — | — | — | — | — | — | — | — | 0.40 |
Goodwill and Intangible Assets (Total) |
1.75 | 2.31 | 2.89 | 3.63 | — | 6.02 | — | 6.75 | — | 10.67 |
Long Term Assets (Tax, Deferred) |
0.30 | 0.09 | 0.12 | — | — | — | — | — | — | — |
Long-term assets (Other) |
— | — | — | — | — | 0.65 | — | — | — | 0.43 |
Total non-current assets |
4.38 | 4.61 | 5.15 | 10.62 | — | 12.78 | — | 12.97 | — | 18.82 |
Total Assets |
49.27 | 36.72 | 33.49 | 32.86 | — | 42.02 | — | 39.76 | — | 58.23 |
Accounts Payable |
1.21 | 2.56 | 1.62 | 2.49 | — | 2.05 | — | 1.70 | — | 1.77 |
Accrued Expenses |
1.60 | 1.25 | 2.14 | 1.48 | — | 5.76 | — | 2.91 | — | 1.57 |
Current Part of Taxes to Pay |
2.66 | 2.47 | 2.11 | 1.49 | — | 0.84 | — | 0.56 | — | 0.32 |
Current Revenue (Deferred) |
0.32 | 0.19 | 0.20 | 0.14 | — | 0.23 | — | 0.21 | — | 0.73 |
Other current liabilities |
0.97 | 1.60 | 3.45 | — | 2.41 | 0.95 | — | 1.44 | — | 2.73 |
Total current liabilities |
7.44 | 8.65 | 10.28 | 8.93 | — | 10.70 | — | 7.84 | — | 8.45 |
Long Term Debt (Total) |
— | — | — | — | — | — | — | 0.85 | — | 0.96 |
Long Term Tax Liability (Deferred) |
— | — | — | 0.03 | — | 0.09 | — | 0.20 | — | 0.20 |
Non-current Liabilities (Other) |
— | — | — | — | — | — | — | — | — | 0.97 |
Total non-current liabilities |
0.41 | 0.74 | 0.57 | 0.88 | — | 1.06 | — | 1.51 | — | 2.13 |
Total liabilities |
7.85 | 9.39 | 10.85 | 9.81 | — | 11.76 | — | 9.35 | — | 10.58 |
Additional Paid In Capital |
148.99 | 135.67 | 113.12 | 129.72 | — | 128.93 | — | 128.24 | — | 123.96 |
Preferred Stock (Total) |
— | — | 37.78 | 37.78 | — | 37.78 | — | 23.10 | — | 22.10 |
Common Stock (Net) |
0.09 | 0.08 | 0.01 | 0.02 | — | 0.16 | — | 0.16 | — | 0.14 |
Retained Earnings |
(107.70) | (108.45) | (128.31) | (127.63) | — | (117.86) | — | (99.87) | — | (77.31) |
Treasury Stock |
— | — | — | 16.86 | — | 16.86 | — | 16.86 | — | 16.86 |
Common Equity (Total) |
41.42 | 27.33 | (15.14) | (14.73) | — | (7.52) | — | 7.31 | — | 25.55 |
Shareholders Equity (Total) |
41.42 | 27.33 | 22.64 | 23.05 | — | 30.26 | — | 30.42 | — | 47.65 |
Shareholders Equity and Liabilities (Total) |
49.27 | 36.72 | 33.49 | 32.86 | — | 42.02 | — | 39.76 | — | 58.23 |
Shares (Common) |
9.09 | 7.97 | 1.41 | 1.41 | — | 1.38 | — | 1.38 | — | 1.21 |
Shares (Preferred) |
— | 0.00 | 1.68 | 1.68 | — | 0.17 | — | 0.10 | — | 0.10 |
Shareholders Equity (Tangible) |
39.66 | 25.02 | 19.75 | 19.42 | — | 24.25 | — | 23.67 | — | 36.99 |
Net Debt |
(19.05) | (5.34) | (5.29) | (0.78) | 0.97 | (5.11) | (3.28) | (3.76) | (2.29) | (2.27) |
Total Debt |
— | — | — | — | 1.75 | — | 1.84 | 0.85 | 2.32 | 0.96 |