MIND TECHNOLOGY, INC financial data

Symbol
MIND on Nasdaq
Location
The Woodlands, TX
Fiscal year end
31 January
Latest financial report
10-Q - Q3 2025 - 11 Dec 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 446% % 57%
Quick Ratio 164% % 6.5%
Debt-to-equity 27% % -44%
Return On Equity 10% % -47%
Return On Assets 7.8% % -38%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 9,038,082 shares 13%
Common Stock, Shares, Outstanding 8,974,000 shares 13%
Entity Public Float $5,569,835 USD -43%
Common Stock, Value, Issued $90,000 USD 12%
Weighted Average Number of Shares Outstanding, Basic 8,046,000 shares 47%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $46,195,000 USD 2.2%
Research and Development Expense $1,759,000 USD -12%
Operating Income (Loss) $5,562,000 USD -12%
Nonoperating Income (Expense) $4,000 USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $5,403,000 USD -18%
Income Tax Expense (Benefit) $2,351,000 USD 14%
Net Income (Loss) Attributable to Parent $3,052,000 USD -32%
Earnings Per Share, Basic 1.69 USD/shares -46%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $19,387,000 USD 453%
Accounts Receivable, after Allowance for Credit Loss, Current $10,607,000 USD 12%
Inventory, Net $11,713,000 USD -32%
Assets, Current $42,781,000 USD 37%
Deferred Income Tax Assets, Net $240,000 USD 97%
Property, Plant and Equipment, Net $1,168,000 USD 51%
Operating Lease, Right-of-Use Asset $1,267,000 USD -17%
Assets $47,344,000 USD 31%
Accounts Payable, Current $1,698,000 USD -22%
Employee-related Liabilities, Current $255,000 USD -63%
Accrued Liabilities, Current $1,245,000 USD -42%
Contract with Customer, Liability, Current $170,000 USD -31%
Liabilities, Current $6,816,000 USD -32%
Operating Lease, Liability, Noncurrent $585,000 USD -32%
Liabilities $7,401,000 USD -32%
Accumulated Other Comprehensive Income (Loss), Net of Tax $34,000 USD 0%
Retained Earnings (Accumulated Deficit) $107,427,000 USD 2.8%
Stockholders' Equity Attributable to Parent $39,943,000 USD 58%
Liabilities and Equity $47,344,000 USD 31%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $4,068,000 USD
Net Cash Provided by (Used in) Financing Activities $0 USD
Net Cash Provided by (Used in) Investing Activities $237,000 USD -161%
Common Stock, Shares Authorized 40,000,000 shares 0%
Common Stock, Shares, Issued 8,974,000 shares 13%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $3,836,000 USD
Interest Paid, Excluding Capitalized Interest, Operating Activities $0 USD -100%
Deferred Tax Assets, Valuation Allowance $28,181,000 USD -9.6%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure
Deferred Tax Assets, Gross $28,268,000 USD -9.7%
Operating Lease, Liability $1,267,000 USD -17%
Depreciation $301,000 USD 5.3%
Payments to Acquire Property, Plant, and Equipment $237,000 USD 259%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $3,052,000 USD -32%
Lessee, Operating Lease, Liability, to be Paid $1,483,000 USD -18%
Property, Plant and Equipment, Gross $10,439,000 USD 1.5%
Operating Lease, Liability, Current $682,000 USD 3.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two $798,000 USD 52%
Lessee, Operating Lease, Liability, to be Paid, Year One $219,000 USD -69%
Operating Lease, Weighted Average Discount Rate, Percent 0.15 pure 15%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $216,000 USD -24%
Lessee, Operating Lease, Liability, to be Paid, Year Three $282,000 USD 2.5%
Deferred Tax Assets, Operating Loss Carryforwards $24,613,000 USD -8.5%
Preferred Stock, Shares Issued 0 shares -100%
Preferred Stock, Shares Authorized 2,000,000 shares 0%
Unrecognized Tax Benefits $0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four $115,000 USD 229%
Operating Lease, Payments $232,000 USD 12%
Preferred Stock, Shares Outstanding 0 shares -100%
Amortization of Intangible Assets $579,000 USD -13%
Depreciation, Depletion and Amortization $874,000 USD -13%
Deferred Tax Assets, Net of Valuation Allowance $87,000 USD -29%
Share-based Payment Arrangement, Expense $930,000 USD 574%
Interest Expense $0 USD -100%
Preferred Stock, Par or Stated Value Per Share 1 USD/shares 0%