Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.0M | $0.00 | $25.8M | $29.9M | $21.2M | $23.1M | $25.0M | $36.5M | $46.9M | $40.9M |
| Revenue growth | — | -100.0% | — | 16.1% | -29.1% | 8.9% | 8.2% | 46.0% | 28.4% | -12.6% |
| Gross profit | -$7.41M | $6.08M | $11.7M | $13.0M | $7.31M | $6.02M | $9.95M | $16.0M | $21.0M | $18.7M |
| Gross margin | -18.1% | — | 45.6% | 43.3% | 34.5% | 26.1% | 39.8% | 43.7% | 44.7% | 45.6% |
| Operating income | -$31.3M | -$19.7M | -$13.0M | -$6.29M | -$14.3M | -$14.5M | -$5.65M | $518K | $6.82M | $2.86M |
| Operating margin | -76.3% | — | -50.5% | -21.0% | -67.5% | -62.9% | -22.6% | 1.4% | 14.5% | 7.0% |
| Net income | -$33.2M | -$21.1M | -$19.8M | -$11.3M | -$20.3M | -$15.1M | -$8.83M | $274K | $5.07M | $750K |
| Net margin | -80.9% | — | -77.0% | -37.7% | -95.7% | -65.3% | -35.3% | 0.8% | 10.8% | 1.8% |
| EPS (diluted) | -$2.79 | -$1.82 | -$1.78 | -$1.10 | -$1.80 | -$1.31 | -$0.92 | — | — | — |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.15M | $719K | -$5.46M | -$5.82M | -$6.36M | -$17.1M | -$2.90M | -$4.97M | $651K | $2.59M |
| Capital expenditures | $283K | $407K | $814K | $1.04M | $90.0K | $834K | $570K | $290K | $437K | $663K |
| Free cash flow | $2.87M | $312K | -$6.27M | -$6.85M | -$6.45M | -$18.0M | -$3.48M | -$5.26M | $214K | $1.92M |
| Share buybacks | $4.00K | $0.00 | $0.00 | — | $0.00 | $2.00K | $1.00K | $0.00 | — | — |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.90M | $9.90M | $9.39M | $3.09M | $4.61M | $5.11M | $778K | $5.29M | $5.34M | $19.1M |
| Total assets | $94.7M | $73.7M | $65.3M | $58.2M | $39.8M | $42.0M | $32.9M | $33.5M | $36.7M | $49.3M |
| Total liabilities | $13.8M | $7.83M | $8.62M | $10.6M | $9.35M | $11.8M | $9.81M | $10.8M | $9.39M | $7.85M |
| Long-term debt | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| Shareholders' equity | $80.9M | $65.8M | $56.7M | $47.7M | $30.4M | $30.3M | $23.1M | $22.6M | $27.3M | $41.4M |
| Retained earnings | -$20.5M | -$42.4M | -$64.0M | -$77.3M | -$99.9M | -$118M | -$128M | -$128M | -$108M | -$108M |
| Shares (wtd avg diluted) | 12.1M | 12.1M | 12.1M | 12.1M | 12.5M | 13.8M | 1.41M | 1.41B | 4.08M | 8.33M |
Every figure is extracted from MIND TECHNOLOGY, INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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