Saturday 7 November 2026 Export MIND’s income statement to Excel — free account

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.

Revenue: −58.5%
EPS: −179.2%
Free cash flow: −41.5%

Quarter to July 2026, against a year earlier

3.34 0.07 +2.14%

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Market cap: $29.7M
P/E: 0.0×
Fwd P/E: 0.0×
Dividend yield: —
F-score: 6/9
Altman Z: 4.40
Beneish M: −2.64
Dividend safety: n/a

Overview

	Jan '20	Jan '21	Jan '21	Jan '22	Jan '22	Jan '23	Jan '23	Jan '24	Jan '25	Jan '26
Piotroski F-Score Full definition →	3	—	1	—	4	—	5	5	7	6
P/E ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	24.66	88.95
P/S ratio Full definition →	1.15	1.37	1.26	0.91	0.82	0.27	0.37	0.23	0.81	1.75
Altman Z-Score Full definition →	0.89	(2.57)	(1.88)	(3.94)	(3.02)	(5.03)	(4.20)	(3.11)	0.94	4.40
Altman Z″-Score (non-manufacturers) Full definition →	3.17	(5.63)	(4.07)	(8.20)	(5.87)	(10.65)	(8.69)	(6.66)	(1.13)	3.79
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	56.34	37.32
P/Operating CF Full definition →	(21.97)	(12.16)	(17.17)	(5.80)	(3.22)	26.86	(14.07)	12.84	18.37	(58.97)
Beneish M-Score Full definition →	(3.35)	(4.13)	(3.67)	(1.49)	(1.33)	—	(3.48)	(1.43)	(1.24)	(2.64)
P/B ratio Full definition →	1.35	3.07	3.66	0.00	0.00	0.00	0.00	0.00	1.38	1.73
Price to Tangible BV Full definition →	2.32	13.48	47.58	0.00	0.00	0.00	0.00	0.00	1.51	1.81
EV/Sales Full definition →	1.29	1.33	1.38	0.94	0.91	0.31	0.63	0.28	0.85	1.46
EV/EBITDA Full definition →	26.11	0.00	0.00	0.00	0.00	0.00	0.00	5.10	5.11	16.06
EV/Operating CF Full definition →	(6.63)	(4.15)	(4.61)	(1.89)	(1.23)	(0.93)	(5.39)	(2.09)	60.96	23.18
EV/FCF Full definition →	(4.74)	(5.61)	(9.64)	(2.69)	(1.68)	(1.13)	(6.46)	(2.17)	59.15	31.17
Quick Ratio Full definition →	1.17	1.19	1.19	1.24	1.24	0.53	0.45	1.15	1.98	4.25
Current Ratio Full definition →	4.67	3.42	3.42	2.73	2.73	2.49	2.49	2.76	3.71	6.03
Net Debt/EBITDA Full definition →	(1.54)	0.25	0.39	0.27	0.41	(0.17)	0.21	(2.60)	(0.69)	(5.11)
Debt/Assets Full definition →	1.65%	5.84%	2.14%	4.37%	0.00%	5.32%	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	0.02	0.08	0.03	0.06	0.00	0.08	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	0.48	0.00	0.43	0.00	0.57	0.00	0.67	1.10	1.33	0.95
Operating CF/Net income Full definition →	0.44	0.31	0.28	0.95	0.95	0.23	0.23	1.41	0.04	3.45
Capex/Depreciation Full definition →	(0.30)	0.00	0.64	0.00	2.08	0.00	0.25	0.09	0.02	(0.76)
ROE Full definition →	(41.75%)	0.00%	(137.31%)	0.00%	17,633.33%	0.00%	113.47%	23.53%	288.72%	2.18%
ROA Full definition →	(21.59%)	0.00%	(46.05%)	0.00%	(43.98%)	0.00%	(33.71%)	(10.59%)	50.14%	1.74%
ROIC Full definition →	(8.66%)	0.00%	(33.60%)	0.00%	(36.14%)	0.00%	(15.85%)	1.87%	19.37%	7.99%
Return on Tangible Assets Full definition →	(36.66%)	(82.22%)	(95.17%)	(72.96%)	(78.82%)	(66.44%)	(88.52%)	(18.61%)	72.26%	1.94%
Average Days of Receivables Full definition →	80.80	81.67	81.67	128.36	128.36	41.53	47.38	65.64	92.04	112.05
Research and Development Expense of Revenue Full definition →	6.18%	14.16%	14.16%	15.56%	15.56%	9.68%	5.49%	5.84%	4.08%	3.87%
Selling, General and Administrative Expense of Revenue Full definition →	47.26%	62.72%	59.62%	63.88%	63.88%	43.61%	51.51%	33.26%	24.09%	32.60%
Intangible Assets out of Total Assets Full definition →	0.18	0.17	0.17	0.14	0.14	0.15	0.11	0.09	0.06	0.04
Share Based Compensation of Revenue Full definition →	2.85%	0.00%	3.34%	0.00%	2.78%	0.00%	2.61%	0.71%	0.50%	3.79%
Graham Net Nets Full definition →	0.84	0.63	0.65	0.55	0.92	1.69	1.35	2.07	0.60	0.52
Graham Number Full definition →	0.00	0.00	0.00	39.96	39.96	46.33	46.33	25.19	7.53	3.32
Earnings Yield Full definition →	(38.73%)	(84.62%)	(85.21%)	(65.29%)	(94.20%)	(293.62%)	(138.93%)	(43.67%)	4.06%	1.12%
Free Cash Flow Yield Full definition →	(23.62%)	(17.32%)	(11.38%)	(38.40%)	(65.94%)	(102.16%)	(26.33%)	(56.67%)	1.77%	2.68%
Revenue per Share Full definition →	24.64	16.95	16.95	16.78	16.78	25.46	17.80	25.97	11.49	4.96
Operating CF per Share Full definition →	(4.79)	(5.08)	(5.08)	(12.44)	(12.44)	(2.11)	(2.07)	(3.53)	0.16	0.31
Capex per Share Full definition →	(1.92)	0.00	2.36	0.00	3.34	0.00	0.33	0.10	0.00	(0.08)
Free Cash Flow per Share Full definition →	(6.71)	(5.08)	(2.72)	(12.44)	(9.10)	(2.11)	(1.73)	(3.44)	0.16	0.23
Cash per Share Full definition →	2.66	3.68	3.68	3.71	3.71	0.56	0.55	3.76	1.31	2.31
Shareholders Equity per Share Full definition →	39.24	24.30	24.30	21.98	21.98	16.72	16.41	16.10	6.70	5.02
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	39.24	24.30	24.30	21.98	21.98	16.72	16.41	16.10	6.70	5.02
Free Cash Flow Full definition →	(8.14)	(6.36)	(3.41)	(17.13)	(12.53)	(2.90)	(2.43)	(4.83)	0.67	1.92
Working Capital Full definition →	30.97	18.96	18.96	18.55	18.55	13.30	13.30	18.06	23.47	37.44
Capital Expenditures Full definition →	(2.33)	(0.57)	2.95	(0.83)	4.60	(0.58)	0.47	0.14	0.02	(0.66)
Net Current Asset Value Full definition →	28.84	17.44	17.44	17.49	17.49	12.43	12.43	17.49	22.73	37.04
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20.02	5.82	20.97
Capex to Sales Full definition →	0.08	0.00	(0.14)	0.00	(0.20)	0.00	(0.02)	0.00	0.00	0.02
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16.29	5.54	25.11
Other line items
Depreciation/Fixed assets Full definition →	1.43	0.74	0.97	0.36	0.52	0.33	1.98	1.85	1.06	0.71
Cash ROIC Full definition →	(15.71%)	(17.03%)	(9.50%)	(46.04%)	(35.42%)	(11.36%)	(10.22%)	(17.29%)	2.05%	3.18%
Accounts Receivable Turnover Full definition →	3.20	0.00	3.73	0.00	3.59	0.00	4.40	7.44	5.10	3.36
Accounts Payable Turnover Full definition →	10.28	0.00	8.01	0.00	9.11	0.00	6.64	9.98	12.39	11.82
Inventory Turnover Full definition →	1.45	0.00	1.15	0.00	1.34	0.00	1.20	1.68	1.91	1.79
Average Days of Payables Full definition →	38.02	37.24	44.73	38.71	43.71	62.36	60.44	28.84	36.05	19.89
Days of Inventory on Hand Full definition →	272.29	250.29	300.61	264.96	299.22	232.93	267.19	237.62	193.73	182.64
Average Receivables Full definition →	9.35	5.69	5.69	6.44	6.44	6.06	5.69	4.91	9.19	12.19
Average Payables Full definition →	1.65	1.74	1.74	1.88	1.88	3.07	2.27	2.06	2.09	1.89
Average Inventory Full definition →	11.72	12.05	12.05	12.73	12.73	14.66	12.52	12.20	13.56	12.45
Average Assets Full definition →	61.76	49.00	49.00	40.89	40.89	37.44	37.44	33.17	35.11	42.99
Average Common Equity Full definition →	31.95	16.43	16.43	(0.10)	(0.10)	(11.12)	(11.12)	(14.93)	6.10	34.37

Show all line items

Columns are period end dates · fundamentals updated 26 Oct 2026

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