Saturday 17 October 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. 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.
4.31
0.03
+0.70%
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| Jan '20 | Jan '21 | Jan '21 | Jan '22 | Jan '22 | Jan '23 | Jan '23 | Jan '24 | Jan '25 | Jan '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
3 | — | 1 | — | 4 | — | 5 | 5 | 7 | 6 |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 24.66 | 88.95 |
P/S ratio |
1.15 | 1.37 | 1.26 | 0.91 | 0.82 | 0.27 | 0.37 | 0.23 | 0.81 | 1.75 |
Altman Z-Score |
0.89 | (2.57) | (1.88) | (3.94) | (3.02) | (5.03) | (4.19) | (3.11) | 0.94 | 4.40 |
Altman Z″-Score (non-manufacturers) |
3.17 | (5.63) | (4.07) | (8.20) | (5.87) | (10.65) | (8.69) | (6.66) | (1.13) | 3.79 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 56.34 | 37.32 |
P/Operating CF |
(21.97) | (12.16) | (17.21) | (5.80) | (3.22) | 26.86 | (14.18) | 12.84 | 18.37 | (58.97) |
Beneish M-Score |
(3.35) | (4.13) | (3.67) | (1.49) | (1.33) | — | (3.48) | (1.43) | (1.24) | (2.64) |
P/B ratio |
1.35 | 3.07 | 3.66 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.38 | 1.73 |
Price to Tangible BV |
2.32 | 13.48 | 47.67 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.51 | 1.81 |
EV/Sales |
1.29 | 1.33 | 1.39 | 0.94 | 0.91 | 0.31 | 0.63 | 0.28 | 0.85 | 1.46 |
EV/EBITDA |
26.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.10 | 5.11 | 16.06 |
EV/Operating CF |
(6.63) | (4.15) | (4.62) | (1.89) | (1.23) | (0.93) | (5.41) | (2.09) | 60.96 | 23.18 |
EV/FCF |
(4.74) | (5.61) | (9.66) | (2.69) | (1.68) | (1.13) | (6.49) | (2.17) | 59.15 | 31.17 |
Quick Ratio |
1.17 | 1.19 | 1.19 | 1.24 | 1.24 | 0.53 | 0.45 | 1.15 | 1.98 | 4.25 |
Current Ratio |
4.67 | 3.42 | 3.42 | 2.73 | 2.73 | 2.49 | 2.49 | 2.76 | 3.71 | 6.03 |
Net Debt/EBITDA |
(1.54) | 0.25 | 0.39 | 0.27 | 0.41 | (0.17) | 0.21 | (2.60) | (0.69) | (5.11) |
Debt/Assets |
1.65% | 5.84% | 2.14% | 4.37% | 0.00% | 5.32% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.02 | 0.08 | 0.03 | 0.06 | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.48 | 0.00 | 0.43 | 0.00 | 0.57 | 0.00 | 0.67 | 1.10 | 1.33 | 0.95 |
Operating CF/Net income |
0.44 | 0.31 | 0.28 | 0.95 | 0.95 | 0.23 | 0.23 | 1.41 | 0.04 | 3.45 |
Capex/Depreciation |
(0.30) | 0.00 | 0.64 | 0.00 | 2.08 | 0.00 | 0.25 | 0.09 | 0.02 | (0.76) |
| (41.75%) | 0.00% | (137.31%) | 0.00% | 17,633.33% | 0.00% | 113.47% | 23.53% | 288.72% | 2.18% | |
| (21.59%) | 0.00% | (46.05%) | 0.00% | (43.98%) | 0.00% | (33.71%) | (10.59%) | 50.14% | 1.74% | |
ROIC |
(8.66%) | 0.00% | (33.60%) | 0.00% | (36.14%) | 0.00% | (15.85%) | 1.87% | 19.37% | 7.99% |
Return on Tangible Assets |
(36.66%) | (82.22%) | (95.17%) | (72.96%) | (78.82%) | (66.44%) | (88.52%) | (18.61%) | 72.26% | 1.94% |
Average Days of Receivables |
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 |
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 |
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 |
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 |
2.85% | 0.00% | 3.34% | 0.00% | 2.78% | 0.00% | 2.61% | 0.71% | 0.50% | 3.79% |
Graham Net Nets |
0.84 | 0.63 | 0.65 | 0.55 | 0.92 | 1.69 | 1.34 | 2.07 | 0.60 | 0.52 |
Graham Number |
0.00 | 0.00 | 0.00 | 39.96 | 39.96 | 46.33 | 46.33 | 25.19 | 7.53 | 3.32 |
Earnings Yield |
(38.73%) | (84.62%) | (85.05%) | (65.29%) | (94.20%) | (293.62%) | (137.88%) | (43.67%) | 4.06% | 1.12% |
Free Cash Flow Yield |
(23.62%) | (17.32%) | (11.36%) | (38.40%) | (65.94%) | (102.16%) | (26.13%) | (56.67%) | 1.77% | 2.68% |
Revenue per Share |
24.64 | 16.95 | 16.95 | 16.78 | 16.78 | 25.46 | 17.80 | 25.97 | 11.49 | 4.96 |
Operating CF per Share |
(4.79) | (5.08) | (5.08) | (12.44) | (12.44) | (2.11) | (2.07) | (3.53) | 0.16 | 0.31 |
Capex per Share |
(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 |
(6.71) | (5.08) | (2.72) | (12.44) | (9.10) | (2.11) | (1.73) | (3.44) | 0.16 | 0.23 |
Cash per Share |
2.66 | 3.68 | 3.68 | 3.71 | 3.71 | 0.56 | 0.55 | 3.76 | 1.31 | 2.31 |
Shareholders Equity per Share |
39.24 | 24.30 | 24.30 | 21.98 | 21.98 | 16.72 | 16.41 | 16.10 | 6.70 | 5.02 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
39.24 | 24.30 | 24.30 | 21.98 | 21.98 | 16.72 | 16.41 | 16.10 | 6.70 | 5.02 |
Free Cash Flow |
(8.14) | (6.36) | (3.41) | (17.13) | (12.53) | (2.90) | (2.43) | (4.83) | 0.67 | 1.92 |
Working Capital |
30.97 | 18.96 | 18.96 | 18.55 | 18.55 | 13.30 | 13.30 | 18.06 | 23.47 | 37.44 |
Capital Expenditures |
(2.33) | (0.57) | 2.95 | (0.83) | 4.60 | (0.58) | 0.47 | 0.14 | 0.02 | (0.66) |
Net Current Asset Value |
28.84 | 17.44 | 17.44 | 17.49 | 17.49 | 12.43 | 12.43 | 17.49 | 22.73 | 37.04 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.02 | 5.82 | 20.97 |
Capex to Sales |
0.08 | 0.00 | (0.14) | 0.00 | (0.20) | 0.00 | (0.02) | 0.00 | 0.00 | 0.02 |
Price to Operating Income |
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 |
1.43 | 0.74 | 0.97 | 0.36 | 0.52 | 0.33 | 1.98 | 1.85 | 1.06 | 0.71 |
Cash ROIC |
(15.71%) | (17.03%) | (9.50%) | (46.04%) | (35.42%) | (11.36%) | (10.22%) | (17.29%) | 2.05% | 3.18% |
Accounts Receivable Turnover |
3.20 | 0.00 | 3.73 | 0.00 | 3.59 | 0.00 | 4.40 | 7.44 | 5.10 | 3.36 |
Accounts Payable Turnover |
10.28 | 0.00 | 8.01 | 0.00 | 9.11 | 0.00 | 6.64 | 9.98 | 12.39 | 11.82 |
Inventory Turnover |
1.45 | 0.00 | 1.15 | 0.00 | 1.34 | 0.00 | 1.20 | 1.68 | 1.91 | 1.79 |
Average Days of Payables |
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 |
272.29 | 250.29 | 300.61 | 264.96 | 299.22 | 232.93 | 267.19 | 237.62 | 193.73 | 182.64 |
Average Receivables |
9.35 | 5.69 | 5.69 | 6.44 | 6.44 | 6.06 | 5.69 | 4.91 | 9.19 | 12.19 |
Average Payables |
1.65 | 1.74 | 1.74 | 1.88 | 1.88 | 3.07 | 2.27 | 2.06 | 2.09 | 1.89 |
Average Inventory |
11.72 | 12.05 | 12.05 | 12.73 | 12.73 | 14.66 | 12.52 | 12.20 | 13.56 | 12.45 |
Average Assets |
61.76 | 49.00 | 49.00 | 40.89 | 40.89 | 37.44 | 37.44 | 33.17 | 35.11 | 42.99 |
Average Common Equity |
31.95 | 16.43 | 16.43 | (0.10) | (0.10) | (11.12) | (11.12) | (14.93) | 6.10 | 34.37 |
Columns are period end dates