MIND Technology, Inc. (MIND)

MIND Technology Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Apr 30, 2026	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Cash & Equivalents	17.66	19.05	5.34	5.29	0.78	5.11
Cash & Short-Term Investments	17.66	19.05	5.34	5.29	0.78	5.11
Cash Growth	92.50%	257.01%	0.89%	579.82%	-84.79%	10.91%
Receivables	16.52	12.57	11.82	6.57	3.25	8.13
Inventory	10.98	11.15	13.75	13.37	11.03	14.01
Prepaid Expenses	1.59	2.11	1.22	3.11	1.4	1.84
Other Current Assets	-	-	-	-	5.78	0.16
Total Current Assets	46.74	44.88	32.12	28.34	22.23	29.25
Property, Plant & Equipment	2.11	2.33	2.21	2.14	2.7	6.11
Other Intangible Assets	1.61	1.75	2.31	2.89	3.63	6.02
Long-Term Accounts Receivable	-	-	-	-	-	0.65
Long-Term Deferred Tax Assets	0.3	0.3	0.09	0.12	-	-
Other Long-Term Assets	-	-	-	-	4.29	-
Total Assets	50.76	49.27	36.72	33.49	32.86	42.02

Liabilities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Apr 30, 2026	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Accounts Payable	1.5	1.21	2.56	1.62	2.49	2.05
Accrued Expenses	2.61	1.6	1.25	1.87	0.62	0.56
Current Portion of Leases	0.66	0.69	0.58	0.75	0.9	0.87
Current Income Taxes Payable	2.72	2.66	2.47	2.11	1.49	0.84
Current Unearned Revenue	0.6	0.32	0.19	0.2	0.14	0.23
Other Current Liabilities	0.9	0.97	1.6	3.71	3.28	6.16
Total Current Liabilities	8.98	7.44	8.65	10.28	8.93	10.7
Long-Term Leases	0.26	0.41	0.74	0.57	0.85	0.97
Long-Term Deferred Tax Liabilities	-	-	-	-	0.03	0.09
Total Liabilities	9.24	7.85	9.39	10.85	9.81	11.76

Shareholders' Equity

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Apr 30, 2026	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Common Stock	0.09	0.09	0.08	0.01	0.02	0.16
Additional Paid-In Capital	149.51	148.99	135.67	113.12	129.72	128.93
Retained Earnings	-108.11	-107.7	-108.45	-128.31	-127.64	-117.86
Treasury Stock	-	-	-	-	-16.86	-16.86
Comprehensive Income & Other	0.03	0.03	0.03	0.03	0.03	-1.88
Total Common Equity	41.52	41.42	27.33	-15.14	-14.73	-7.52
Shareholders' Equity	41.52	41.42	27.33	22.64	23.05	30.26
Total Liabilities & Equity	50.76	49.27	36.72	33.49	32.86	42.02

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Apr 30, 2026	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Total Debt	0.91	1.09	1.32	1.32	1.75	1.84
Net Cash (Debt)	16.75	17.96	4.02	3.97	-0.97	3.28
Net Cash Growth	110.61%	347.16%	1.29%	-	-	43.19%
Net Cash Per Share	1.95	2.16	0.98	2.82	-0.69	2.38
Filing Date Shares Outstanding	9.09	9.09	7.97	1.41	1.38	1.38
Total Common Shares Outstanding	9.09	9.09	7.97	1.41	1.38	1.38
Working Capital	37.76	37.44	23.47	18.06	13.3	18.55
Book Value Per Share	4.57	4.56	3.43	-10.77	-10.69	-5.46
Tangible Book Value	39.91	39.66	25.02	-18.03	-18.36	-13.53
Tangible Book Value Per Share	4.39	4.36	3.14	-12.82	-13.32	-9.83
Land	1.61	1.59	1	1	1	4.56
Machinery	9	8.98	9.47	9.16	9.08	14.24
Order Backlog	-	13.9	16.9	38.4	15.7	13.1

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Apr 20, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 21, 2026

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