MIND TECHNOLOGY, INC Income Statement
MIND|15 years of annual SEC 10-K data (FY2011-FY2026)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Revenue has declined at a 2.1% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.91 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $40.9M | $25.0M | $23.1M | $21.2M | $29.9M | $48.3M | $9.9M | $42.9M | $48.3M | $92.1M | $104.7M | $92.1M | $71.4M | $55.2M |
| Cost of Revenue | - | - | - | - | - | - | $42.2M | $26.1M | $31.2M | $42.2M | $60.1M | $67.3M | $60.1M | $44.7M | $37.0M |
| Gross Profit | - | $18.7M | $9.9M | $6.0M | $7.3M | $13.0M | $6.1M | $13.0M | $11.7M | $6.1M | $32.0M | $37.4M | $32.0M | $26.6M | $18.1M |
| SG&A Expense | - | $13.3M | $12.9M | $14.8M | $12.6M | $14.1M | $19.7M | $14.1M | $20.9M | $19.7M | $23.7M | $22.5M | $23.7M | $16.8M | $15.0M |
| R&D Expense | - | $1.6M | $1.4M | $3.6M | $3.0M | $1.9M | $1.5M | $1.9M | $1.2M | $1.5M | - | - | - | - | - |
| Operating Income | - | $6.8M | -$5.7M | -$14.5M | -$14.3M | -$6.3M | -$19.7M | -$6.3M | -$13.0M | -$19.7M | $5.8M | $13.9M | $5.8M | $6.9M | $871.0K |
| Interest Expense | - | - | - | - | - | - | $47.0K | - | - | - | $314.0K | $533.0K | $314.0K | $756.0K | $629.0K |
| Income Tax | - | $2.2M | $699.0K | -$39.0K | $536.0K | $353.0K | $910.0K | $353.0K | $252.0K | $910.0K | $1.3M | -$3.5M | $1.3M | $2.1M | $119.0K |
| Net Income | $750.0K | $5.1M | -$8.8M | -$15.1M | -$20.3M | -$11.3M | -$21.1M | -$11.3M | -$19.8M | -$21.1M | $4.8M | $17.1M | $4.8M | $4.7M | $520.0K |
| EPS (Basic) | $4.32 | -$2.50 | -$8.98 | -$1.31 | -$1.80 | -$1.10 | -$1.82 | -$2.79 | -$3.22 | -$0.74 | $0.37 | $1.34 | $2.13 | $0.48 | $0.05 |
| EPS (Diluted) | - | - | - | -$1.31 | -$1.80 | -$1.10 | -$1.82 | -$2.79 | -$3.22 | -$0.74 | $0.36 | $1.29 | $2.02 | $0.46 | $0.05 |
| Shares Outstanding | 8.0M | 13.8M | 13.8M | 13.8M | 12.5M | 12.1M | 12.1M | 12.1M | 12.0M | 12.5M | 13.2M | 13.2M | 12.1M | 10.2M | 10.0M |
| Gross Margin | - | 45.6% | 39.8% | 26.1% | 34.4% | 43.3% | 12.6% | 131.4% | 27.3% | 12.6% | 34.8% | 35.7% | 34.8% | 37.3% | 32.9% |
| Operating Margin | - | 16.7% | -22.6% | -62.9% | -67.5% | -21.0% | -40.8% | -63.8% | -30.3% | -40.8% | 6.3% | 13.3% | 6.3% | 9.7% | 1.6% |
| Profit Margin | - | 12.4% | -35.3% | -65.3% | -95.7% | -37.7% | -43.6% | -114.5% | -46.2% | -43.6% | 5.2% | 16.3% | 5.2% | 6.6% | 0.9% |