MIND Technology, Inc. (MIND)

MIND Technology Income Statement

Financials in millions USD. Fiscal year is February - January.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	46.2	46.86	36.51	25.01	23.11	21.22
Revenue Growth (YoY)	2.21%	28.36%	45.97%	8.24%	8.92%	-29.09%
Cost of Revenue	24.97	25.9	20.54	15.06	17.09	13.91
Gross Profit	21.22	20.97	15.97	9.95	6.02	7.31
Selling, General & Admin	13.03	11.29	12.14	12.88	14.76	12.65
Research & Development	1.76	1.91	2.13	1.37	3.6	3
Operating Expenses	15.66	14.15	15.45	15.6	20.57	19.11
Operating Income	5.56	6.82	0.52	-5.65	-14.54	-11.8
Interest Expense	-	-	-0.68	-	-	-
Other Non Operating Income (Expenses)	-0.16	-0.22	-0.08	-0.68	0.08	0.11
EBT Excluding Unusual Items	5.4	6.6	-0.24	-6.33	-14.47	-11.69
Impairment of Goodwill	-	-	-	-	-	-2.53
Gain (Loss) on Sale of Assets	-	0.46	0.48	0.94	-	-
Other Unusual Items	-	-	-	-	0.85	0.76
Pretax Income	5.4	7.06	0.24	-5.39	-13.62	-13.47
Income Tax Expense	2.35	1.98	1.34	0.7	-0.04	0.54
Earnings From Continuing Operations	3.05	5.07	-1.1	-6.09	-13.58	-14
Earnings From Discontinued Operations	-	-	1.37	-2.74	-1.51	-6.3
Net Income	3.05	5.07	0.27	-8.83	-15.09	-20.31
Preferred Dividends & Other Adjustments	-0.01	-12.53	3.79	3.79	2.9	2.25
Net Income to Common	3.06	17.6	-3.51	-12.62	-17.99	-22.56
Net Income Growth	-31.94%	1751.82%	-	-	-	-
Shares Outstanding (Basic)	8	4	1	1	1	1
Shares Outstanding (Diluted)	8	4	1	1	1	1
Shares Change (YoY)	228.49%	190.04%	0.07%	2.03%	10.00%	3.10%
EPS (Basic)	0.38	4.32	-2.50	-8.98	-13.06	-18.02
EPS (Diluted)	0.38	4.32	-2.50	-8.98	-13.09	-18.04
Free Cash Flow	5.13	0.21	-5.26	-3.48	-17.97	-6.56
Free Cash Flow Per Share	0.64	0.05	-3.74	-2.47	-13.05	-5.24
Gross Margin	45.94%	44.74%	43.74%	39.78%	26.06%	34.45%
Operating Margin	12.04%	14.55%	1.42%	-22.59%	-62.94%	-55.61%
Profit Margin	6.62%	37.56%	-9.63%	-50.46%	-77.84%	-106.34%
Free Cash Flow Margin	11.09%	0.46%	-14.40%	-13.89%	-77.76%	-30.92%
EBITDA	6.44	7.76	1.7	-4.31	-12.34	-9
EBITDA Margin	13.93%	16.56%	4.64%	-17.22%	-53.38%	-42.42%
D&A For EBITDA	0.87	0.94	1.18	1.34	2.21	2.8
EBIT	5.56	6.82	0.52	-5.65	-14.54	-11.8
EBIT Margin	12.04%	14.55%	1.42%	-22.59%	-62.94%	-55.61%
Effective Tax Rate	43.51%	28.11%	562.19%	-	-	-
Revenue as Reported	-	-	-	-	23.11	21.22

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q