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Saturday 7 November 2026
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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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| Jan '26 | Jan '25 | Jan '24 | Jan '23 | Jan '23 | Jan '22 | Jan '22 | Jan '21 | Jan '21 | Jan '20 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 7 | 5 | 5 | — | 4 | — | 1 | — | 3 |
P/E ratio |
88.95 | 24.66 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/S ratio |
1.75 | 0.81 | 0.23 | 0.37 | 0.27 | 0.82 | 0.91 | 1.26 | 1.37 | 1.15 |
Altman Z-Score |
4.40 | 0.94 | (3.11) | (4.20) | (5.03) | (3.02) | (3.94) | (1.88) | (2.57) | 0.89 |
Altman Z″-Score (non-manufacturers) |
3.79 | (1.13) | (6.66) | (8.69) | (10.65) | (5.87) | (8.20) | (4.07) | (5.63) | 3.17 |
P/FCF ratio |
37.32 | 56.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
(58.97) | 18.37 | 12.84 | (14.07) | 26.86 | (3.22) | (5.80) | (17.17) | (12.16) | (21.97) |
Beneish M-Score |
(2.64) | (1.24) | (1.43) | (3.48) | — | (1.33) | (1.49) | (3.67) | (4.13) | (3.35) |
P/B ratio |
1.73 | 1.38 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.66 | 3.07 | 1.35 |
Price to Tangible BV |
1.81 | 1.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 47.58 | 13.48 | 2.32 |
EV/Sales |
1.46 | 0.85 | 0.28 | 0.63 | 0.31 | 0.91 | 0.94 | 1.38 | 1.33 | 1.29 |
EV/EBITDA |
16.06 | 5.11 | 5.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 26.11 |
EV/Operating CF |
23.18 | 60.96 | (2.09) | (5.39) | (0.93) | (1.23) | (1.89) | (4.61) | (4.15) | (6.63) |
EV/FCF |
31.17 | 59.15 | (2.17) | (6.46) | (1.13) | (1.68) | (2.69) | (9.64) | (5.61) | (4.74) |
Quick Ratio |
4.25 | 1.98 | 1.15 | 0.45 | 0.53 | 1.24 | 1.24 | 1.19 | 1.19 | 1.17 |
Current Ratio |
6.03 | 3.71 | 2.76 | 2.49 | 2.49 | 2.73 | 2.73 | 3.42 | 3.42 | 4.67 |
Net Debt/EBITDA |
(5.11) | (0.69) | (2.60) | 0.21 | (0.17) | 0.41 | 0.27 | 0.39 | 0.25 | (1.54) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 5.32% | 0.00% | 4.37% | 2.14% | 5.84% | 1.65% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.06 | 0.03 | 0.08 | 0.02 |
Asset Turnover |
0.95 | 1.33 | 1.10 | 0.67 | 0.00 | 0.57 | 0.00 | 0.43 | 0.00 | 0.48 |
Operating CF/Net income |
3.45 | 0.04 | 1.41 | 0.23 | 0.23 | 0.95 | 0.95 | 0.28 | 0.31 | 0.44 |
Capex/Depreciation |
(0.76) | 0.02 | 0.09 | 0.25 | 0.00 | 2.08 | 0.00 | 0.64 | 0.00 | (0.30) |
| 2.18% | 288.72% | 23.53% | 113.47% | 0.00% | 17,633.33% | 0.00% | (137.31%) | 0.00% | (41.75%) | |
| 1.74% | 50.14% | (10.59%) | (33.71%) | 0.00% | (43.98%) | 0.00% | (46.05%) | 0.00% | (21.59%) | |
ROIC |
7.99% | 19.37% | 1.87% | (15.85%) | 0.00% | (36.14%) | 0.00% | (33.60%) | 0.00% | (8.66%) |
Return on Tangible Assets |
1.94% | 72.26% | (18.61%) | (88.52%) | (66.44%) | (78.82%) | (72.96%) | (95.17%) | (82.22%) | (36.66%) |
Average Days of Receivables |
112.05 | 92.04 | 65.64 | 47.38 | 41.53 | 128.36 | 128.36 | 81.67 | 81.67 | 80.80 |
Research and Development Expense of Revenue |
3.87% | 4.08% | 5.84% | 5.49% | 9.68% | 15.56% | 15.56% | 14.16% | 14.16% | 6.18% |
Selling, General and Administrative Expense of Revenue |
32.60% | 24.09% | 33.26% | 51.51% | 43.61% | 63.88% | 63.88% | 59.62% | 62.72% | 47.26% |
Intangible Assets out of Total Assets |
0.04 | 0.06 | 0.09 | 0.11 | 0.15 | 0.14 | 0.14 | 0.17 | 0.17 | 0.18 |
Share Based Compensation of Revenue |
3.79% | 0.50% | 0.71% | 2.61% | 0.00% | 2.78% | 0.00% | 3.34% | 0.00% | 2.85% |
Graham Net Nets |
0.52 | 0.60 | 2.07 | 1.35 | 1.69 | 0.92 | 0.55 | 0.65 | 0.63 | 0.84 |
Graham Number |
3.32 | 7.53 | 25.19 | 46.33 | 46.33 | 39.96 | 39.96 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
1.12% | 4.06% | (43.67%) | (138.93%) | (293.62%) | (94.20%) | (65.29%) | (85.21%) | (84.62%) | (38.73%) |
Free Cash Flow Yield |
2.68% | 1.77% | (56.67%) | (26.33%) | (102.16%) | (65.94%) | (38.40%) | (11.38%) | (17.32%) | (23.62%) |
Revenue per Share |
4.96 | 11.49 | 25.97 | 17.80 | 25.46 | 16.78 | 16.78 | 16.95 | 16.95 | 24.64 |
Operating CF per Share |
0.31 | 0.16 | (3.53) | (2.07) | (2.11) | (12.44) | (12.44) | (5.08) | (5.08) | (4.79) |
Capex per Share |
(0.08) | 0.00 | 0.10 | 0.33 | 0.00 | 3.34 | 0.00 | 2.36 | 0.00 | (1.92) |
Free Cash Flow per Share |
0.23 | 0.16 | (3.44) | (1.73) | (2.11) | (9.10) | (12.44) | (2.72) | (5.08) | (6.71) |
Cash per Share |
2.31 | 1.31 | 3.76 | 0.55 | 0.56 | 3.71 | 3.71 | 3.68 | 3.68 | 2.66 |
Shareholders Equity per Share |
5.02 | 6.70 | 16.10 | 16.41 | 16.72 | 21.98 | 21.98 | 24.30 | 24.30 | 39.24 |
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 |
5.02 | 6.70 | 16.10 | 16.41 | 16.72 | 21.98 | 21.98 | 24.30 | 24.30 | 39.24 |
Free Cash Flow |
1.92 | 0.67 | (4.83) | (2.43) | (2.90) | (12.53) | (17.13) | (3.41) | (6.36) | (8.14) |
Working Capital |
37.44 | 23.47 | 18.06 | 13.30 | 13.30 | 18.55 | 18.55 | 18.96 | 18.96 | 30.97 |
Capital Expenditures |
(0.66) | 0.02 | 0.14 | 0.47 | (0.58) | 4.60 | (0.83) | 2.95 | (0.57) | (2.33) |
Net Current Asset Value |
37.04 | 22.73 | 17.49 | 12.43 | 12.43 | 17.49 | 17.49 | 17.44 | 17.44 | 28.84 |
EV/EBIT |
20.97 | 5.82 | 20.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.02 | 0.00 | 0.00 | (0.02) | 0.00 | (0.20) | 0.00 | (0.14) | 0.00 | 0.08 |
Price to Operating Income |
25.11 | 5.54 | 16.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.71 | 1.06 | 1.85 | 1.98 | 0.33 | 0.52 | 0.36 | 0.97 | 0.74 | 1.43 |
Cash ROIC |
3.18% | 2.05% | (17.29%) | (10.22%) | (11.36%) | (35.42%) | (46.04%) | (9.50%) | (17.03%) | (15.71%) |
Accounts Receivable Turnover |
3.36 | 5.10 | 7.44 | 4.40 | 0.00 | 3.59 | 0.00 | 3.73 | 0.00 | 3.20 |
Accounts Payable Turnover |
11.82 | 12.39 | 9.98 | 6.64 | 0.00 | 9.11 | 0.00 | 8.01 | 0.00 | 10.28 |
Inventory Turnover |
1.79 | 1.91 | 1.68 | 1.20 | 0.00 | 1.34 | 0.00 | 1.15 | 0.00 | 1.45 |
Average Days of Payables |
19.89 | 36.05 | 28.84 | 60.44 | 62.36 | 43.71 | 38.71 | 44.73 | 37.24 | 38.02 |
Days of Inventory on Hand |
182.64 | 193.73 | 237.62 | 267.19 | 232.93 | 299.22 | 264.96 | 300.61 | 250.29 | 272.29 |
Average Receivables |
12.19 | 9.19 | 4.91 | 5.69 | 6.06 | 6.44 | 6.44 | 5.69 | 5.69 | 9.35 |
Average Payables |
1.89 | 2.09 | 2.06 | 2.27 | 3.07 | 1.88 | 1.88 | 1.74 | 1.74 | 1.65 |
Average Inventory |
12.45 | 13.56 | 12.20 | 12.52 | 14.66 | 12.73 | 12.73 | 12.05 | 12.05 | 11.72 |
Average Assets |
42.99 | 35.11 | 33.17 | 37.44 | 37.44 | 40.89 | 40.89 | 49.00 | 49.00 | 61.76 |
Average Common Equity |
34.37 | 6.10 | (14.93) | (11.12) | (11.12) | (0.10) | (0.10) | 16.43 | 16.43 | 31.95 |
Columns are period end dates · fundamentals updated 26 Oct 2026