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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An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.
| Jan '26 | Jan '25 | Jan '24 | Jan '23 | Jan '23 | Jan '22 | Jan '22 | Jan '21 | Jan '21 | Jan '20 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue |
40.95 | 46.86 | 36.51 | 25.01 | — | 23.11 | — | 21.22 | — | 29.92 |
Revenue Growth |
(12.62%) | 28.36% | 45.97% | 8.24% | 51.86% | 8.92% | 8.92% | (29.09%) | (29.09%) | (30.33%) |
Cost of Revenue |
22.28 | 25.90 | 20.54 | 15.06 | — | 17.09 | — | 13.91 | — | 16.97 |
Gross Profit |
18.66 | 20.97 | 15.97 | 9.95 | — | 6.02 | — | 7.31 | — | 12.95 |
R&D Expenses |
1.59 | 1.91 | 2.13 | 1.37 | — | 3.60 | — | 3.00 | — | 1.85 |
SG&A Expenses |
13.35 | 11.29 | 12.14 | 12.88 | — | 14.76 | — | 12.65 | — | 14.14 |
Operating Income |
2.86 | 6.82 | 0.52 | (5.65) | — | (14.54) | — | (14.33) | — | (6.29) |
Non-operating Income/Expense |
0.04 | 0.24 | (0.28) | 0.26 | — | 0.93 | — | 0.86 | — | 0.10 |
| 2.90 | 7.06 | 0.24 | (5.39) | — | (13.62) | — | (13.47) | — | (6.19) | |
Income Tax Provision |
2.15 | 1.98 | 1.34 | 0.70 | — | (0.04) | — | 0.54 | — | 0.35 |
Income after Tax |
0.75 | 5.07 | (1.10) | (6.09) | — | (13.58) | — | (14.00) | — | (6.54) |
Dividends (Preferred) |
— | (12.53) | 3.79 | 3.79 | — | 2.90 | — | 2.25 | — | 2.05 |
Net Income Common |
0.75 | 17.60 | (3.51) | (12.62) | — | (17.99) | — | (22.56) | — | (13.34) |
EPS (Basic) |
0.09 | 1.24 | (2.24) | (9.20) | — | (13.10) | — | (18.00) | — | (11.00) |
EPS (Diluted) |
0.09 | 1.24 | (2.24) | (9.20) | — | (13.10) | — | (18.00) | — | (11.00) |
Shares (Basic, Weighted) |
8.26 | 4.08 | 1.41 | 1.41 | — | 1.38 | — | 1.25 | — | 1.21 |
Shares (Diluted, Weighted) |
8.33 | 4.08 | 1.41 | 1.41 | — | 1.38 | — | 1.25 | — | 1.21 |
Gross Margin |
45.58% | 44.74% | 43.74% | 39.78% | 31.60% | 26.06% | 16.50% | 34.45% | 21.27% | 43.30% |
EBIT Margin |
6.98% | 14.55% | 1.42% | (22.59%) | (43.40%) | (62.94%) | (125.88%) | (67.54%) | (111.21%) | (21.02%) |
EBT margin |
7.08% | 15.06% | 0.65% | (21.57%) | (19.18%) | (58.93%) | (58.93%) | (63.47%) | (63.47%) | (20.69%) |
Net Profit Margin |
1.83% | 37.56% | (9.62%) | (50.46%) | (35.96%) | (77.84%) | (77.84%) | (106.34%) | (97.58%) | (44.58%) |
Free Cash Flow Margin |
4.70% | 1.43% | (13.23%) | (9.74%) | (8.28%) | (54.23%) | (74.15%) | (16.07%) | (29.98%) | (27.22%) |
EBITDA |
3.73 | 7.76 | 2.03 | (3.76) | — | (12.33) | — | (9.70) | — | 1.48 |
EBIT |
2.86 | 6.82 | 0.52 | (5.65) | — | (14.54) | — | (14.33) | — | (6.29) |
Income from Continuous Operations |
0.75 | 5.07 | (1.10) | (6.09) | — | (13.58) | — | (14.00) | — | (6.54) |
Income from Discontinued Operations |
— | — | 1.37 | (2.74) | — | (1.51) | — | (6.30) | — | (4.74) |
Consolidated Net Income/Loss |
0.75 | 5.07 | 0.27 | (8.83) | — | (15.08) | — | (20.31) | — | (11.29) |
EPS (Basic, from Continuous Ops) |
0.09 | 1.24 | (3.48) | (7.03) | — | (12.00) | — | (13.00) | — | (7.10) |
EPS (Basic, from Discontinued Ops) |
— | — | 0.98 | (1.95) | — | (1.10) | — | (5.00) | — | (3.90) |
EPS (Basic, Consolidated) |
0.09 | 1.24 | 0.19 | (6.29) | — | (10.95) | — | (16.22) | — | (9.30) |
EPS (Diluted, from Cont. Ops) |
0.09 | 1.24 | (3.48) | (7.03) | — | (12.00) | — | (13.00) | — | (7.10) |
EPS (Diluted, from Disc. Ops) |
— | — | 0.00 | 0.00 | — | 0.00 | — | 0.00 | — | 0.00 |
Shares (Diluted, Average) |
8.26 | 4.08 | 1.41 | 1.38 | — | 1.38 | — | 1.25 | — | 1.21 |
EPS (Diluted, Consolidated) |
0.09 | 1.24 | 0.19 | (6.29) | — | (10.95) | — | (16.22) | — | (9.30) |
EBITDA Margin |
9.11% | 16.56% | 5.57% | (15.04%) | (16.32%) | (53.36%) | (53.38%) | (45.73%) | (42.43%) | 4.94% |
Operating Cash Flow Margin |
6.32% | 1.39% | (13.60%) | (11.61%) | (8.28%) | (74.15%) | (74.15%) | (29.98%) | (29.98%) | (19.44%) |