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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Market cap: $38.9M
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 Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

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

Fold the line items

Columns are period end dates

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