Company / R&D Expense
MIND TECHNOLOGY, INC R&D Expense History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$1.6M
FY2025
5-year range
$1.4M / $3.6M
FY2021-FY2025
Trend
+15.5%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 9 years, ranging from $1M in FY2018 to $4M in FY2023.
Based on SEC 10-K filings.
$2M in FY2025 with a 5-year CAGR of +1.1%.
Declined from $4M to $2M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -19.2%
- 5-Year CAGR
- +1.1%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +1.1%, indicating consistent growth.
- In FY2025, r&d expense increased 15.5% year-over-year.
- Peak r&d expense was recorded in FY2023.
- Lowest r&d expense in the period was in FY2018.
Company context
Key Data Points
- Altman Z-Score 0.91 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2026 | - | - |
| FY2025 | $1.6M | +15.5% |
| FY2024 | $1.4M | -61.8% |
| FY2023 | $3.6M | +19.7% |
| FY2022 | $3.0M | +62.3% |
| FY2021 | $1.9M | +23.2% |
| FY2020 | $1.5M | -18.8% |
| FY2019 | $1.9M | +59.6% |
| FY2018 | $1.2M | -22.8% |
| FY2017 | $1.5M | - |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026