MIND
Mind Technology Inc
NASDAQ: MIND · TECHNOLOGY · SCIENTIFIC & TECHNICAL INSTRUMENTS
$6.21
-0.64% today
Updated 2026-04-30
Market cap
$57.17M
P/E ratio
69.89
P/S ratio
1.40x
EPS (TTM)
$0.09
Dividend yield
—
52W range
$6 – $15
Volume
0.2M
Mind Technology Inc (MIND) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.91M | $76.42M | $66.81M | $55.17M | $71.36M | $112.83M | $104.69M | $92.11M | $83.15M | $51.82M | $41.00M | $48.28M | $42.94M | $29.92M | $21.21M | $23.11M | $25.01M | $36.51M | $46.86M | $40.95M |
| Revenue growth (YoY) | — | +56.2% | -12.6% | -17.4% | +29.3% | +58.1% | -7.2% | -12.0% | -9.7% | -37.7% | -20.9% | +17.7% | -11.0% | -30.3% | -29.1% | +8.9% | +8.2% | +46.0% | +28.4% | -12.6% |
| Cost of revenue | $27.13M | $42.09M | $35.52M | $37.95M | $45.89M | $56.32M | $68.67M | $61.59M | $62.08M | $51.66M | $50.81M | $44.34M | $33.70M | $19.46M | $16.70M | $19.29M | $16.41M | $21.72M | $26.84M | $23.16M |
| Gross profit | $21.78M | $34.33M | $31.29M | $17.23M | $25.47M | $56.51M | $36.01M | $30.52M | $21.06M | $158000.00 | $-9.81M | $3.94M | $9.24M | $10.46M | $4.51M | $3.81M | $8.61M | $14.79M | $20.02M | $17.79M |
| Gross margin | 44.5% | 44.9% | 46.8% | 31.2% | 35.7% | 50.1% | 34.4% | 33.1% | 25.3% | 0.3% | -23.9% | 8.2% | 21.5% | 35.0% | 21.3% | 16.5% | 34.4% | 40.5% | 42.7% | 43.4% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $931000.00 | $931000.00 | $974000.00 | $1.50M | $1.16M | $1.85M | $3.00M | $3.60M | $1.37M | $2.13M | $1.91M | $1.59M |
| SG&A | $15.22M | $17.89M | $20.39M | $14.98M | $16.75M | $21.35M | $22.54M | $23.67M | $24.96M | $18.97M | $20.73M | $19.66M | $20.91M | $19.72M | $12.65M | $14.76M | $15.30M | $12.14M | $11.29M | — |
| Operating income | $6.55M | $16.45M | $10.90M | $871000.00 | $6.92M | $34.54M | $13.90M | $5.80M | $-6.75M | $-22.79M | $-31.29M | $-18.24M | $-14.23M | $-5.53M | $-11.80M | $-14.54M | $-5.65M | $518000.00 | $6.82M | $2.86M |
| Operating margin | 13.4% | 21.5% | 16.3% | 1.6% | 9.7% | 30.6% | 13.3% | 6.3% | -8.1% | -44.0% | -76.3% | -37.8% | -33.1% | -18.5% | -55.6% | -62.9% | -22.6% | 1.4% | 14.5% | 7.0% |
| EBITDA | $15.47M | $28.32M | $27.43M | $19.61M | $29.64M | $63.32M | $48.84M | $36.84M | $30.24M | $9.32M | $-3.02M | $-1.60M | $-2.55M | $-3.04M | $-9.00M | $-12.34M | $-4.31M | $1.70M | $7.76M | $3.73M |
| EBITDA margin | 31.6% | 37.1% | 41.1% | 35.5% | 41.5% | 56.1% | 46.7% | 40.0% | 36.4% | 18.0% | -7.4% | -3.3% | -5.9% | -10.1% | -42.4% | -53.4% | -17.2% | 4.6% | 16.6% | 9.1% |
| EBIT | $6.55M | $16.45M | $10.90M | $871000.00 | $6.92M | $34.54M | $13.90M | $5.80M | $-6.75M | $-22.79M | $-31.29M | $-18.24M | $-14.23M | $-5.53M | $-11.80M | $-14.54M | $-5.65M | $518000.00 | $6.82M | $2.86M |
| Interest expense | $151000.00 | $208000.00 | $281000.00 | $629000.00 | $756000.00 | $740000.00 | $533000.00 | $314000.00 | $902000.00 | $739000.00 | $653000.00 | $47000.00 | $72000.00 | $46000.00 | $10.50M | $926000.00 | $519000.00 | $675000.00 | — | — |
| Income tax | $-1.83M | $5.49M | $3.09M | $119000.00 | $2.06M | $10.01M | $-3.53M | $1.26M | $-994000.00 | $10.98M | $1.81M | $910000.00 | $252000.00 | $353000.00 | $536000.00 | $-39000.00 | $699000.00 | $1.34M | $1.98M | — |
| Effective tax rate | -24.5% | 32.4% | 25.4% | 18.6% | 30.4% | 29.2% | -26.1% | 20.9% | 9.8% | -39.5% | -5.8% | -4.5% | -1.3% | -3.2% | -3.0% | 0.3% | -8.6% | -183.0% | 28.1% | 0.0% |
| Net income | $9.29M | $11.44M | $9.06M | $520000.00 | $4.73M | $24.32M | $17.05M | $4.77M | $-9.19M | $-38.74M | $-33.15M | $-21.07M | $-19.84M | $-11.29M | $-18.45M | $-15.09M | $-8.83M | $-2.07M | $5.07M | $750000.00 |
| Net income growth (YoY) | — | +23.2% | -20.8% | -94.3% | +809.4% | +414.3% | -29.9% | -72.0% | -292.8% | -321.4% | +14.4% | +36.4% | +5.8% | +43.1% | -63.4% | +18.2% | +41.5% | +76.6% | +345.2% | -85.2% |
| Profit margin | 19.0% | 15.0% | 13.6% | 0.9% | 6.6% | 21.6% | 16.3% | 5.2% | -11.1% | -74.8% | -80.9% | -43.6% | -46.2% | -37.7% | -87.0% | -65.3% | -35.3% | -5.7% | 10.8% | 1.8% |