MIND · XBRL financial data

Mind Technology financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (MIND's year ends in late January)

In thousands of dollars	FY 2021Jan 31, 2021	FY 2022Jan 31, 2022	FY 2023Jan 31, 2023	FY 2024†Jan 31, 2024	FY 2025Jan 31, 2025	FY 2026Jan 31, 2026
Revenue from contracts with customers	21,215	23,107	35,091	36,510	46,863	40,947
Gross profit	7,309	6,022	12,975	15,971	20,967	18,664
Research and development	3,003	3,596	3,398	2,133	1,914	1,586
Selling, general and administrative	12,648	14,761	15,304	12,142	11,291	13,347
Total operating expenses	21,637	20,566	20,589	15,453	14,149	15,806
Operating income (loss)	(14,328)	(14,544)	(7,614)	518	6,818	2,858
Other income (expense)	862	926	882	(280)	240	43
Income tax expense (benefit)	536	(39)	699	1,338	1,984	2,151
Net income (loss)	(20,306)	(15,085)	(8,832)	274	5,074	750
Earnings per share, basic USD per share	(1.80)	(1.31)	(0.92)	(2.50)	4.32	0.09
Earnings per share, diluted USD per share	(1.80)	(1.31)	(0.92)	—	—	—
Weighted average shares, basic thousands of shares	12,519	13,771	13,784	1,406	4	8,258
Weighted average shares, diluted thousands of shares	12,519	13,771	13,784	1,406	4	8,328

† Share count changed about 1/10 in the period ending 2024-01-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Balance sheet

CSV

Fiscal years (MIND's year ends in late January)

In thousands of dollars	FY 2021Jan 31, 2021	FY 2022Jan 31, 2022	FY 2023Jan 31, 2023	FY 2024†Jan 31, 2024	FY 2025Jan 31, 2025	FY 2026Jan 31, 2026
Cash and cash equivalents	4,611	5,114	778	5,289	5,336	19,050
Accounts receivable	4,747	8,126	3,993	6,566	11,817	12,570
Inventory	11,453	14,006	15,318	13,371	13,745	11,150
Prepaid and other current assets	1,659	1,840	2,144	3,113	1,217	2,114
Total current assets	26,791	29,245	22,233	28,339	32,115	44,884
Property and equipment, net	4,751	4,272	3,945	818	890	1,235
Right-of-use asset	1,471	1,835	1,749	1,324	1,320	1,092
Goodwill	0	0	—	—	—	—
Total assets	39,763	42,020	32,858	33,491	36,720	49,266
Accounts payable	1,704	2,046	4,101	1,623	2,558	1,214
Accrued liabilities	2,912	5,762	2,247	5,586	1,245	—
Total current liabilities	7,836	10,699	8,931	10,277	8,645	7,443
Lease liability, non-current	463	966	846	573	743	406
Total liabilities	9,347	11,757	9,806	10,850	9,388	7,849
Accumulated deficit	(99,870)	(117,856)	(127,635)	(128,307)	(108,448)	(107,698)
Total stockholders' equity	30,416	30,263	23,052	22,641	27,332	41,417
Total liabilities and equity	39,763	42,020	32,858	33,491	36,720	49,266
Common shares outstanding (cover page) thousands of shares	13,767	13,774	13,789	1,406	7,969	9,089

† Share count changed about 1/10 in the period ending 2024-01-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Cash flows

CSV

Fiscal years (MIND's year ends in late January)

In thousands of dollars	FY 2021Jan 31, 2021	FY 2022Jan 31, 2022	FY 2023Jan 31, 2023	FY 2024†Jan 31, 2024	FY 2025Jan 31, 2025	FY 2026Jan 31, 2026
Net income (loss)	(20,306)	(15,085)	(8,832)	274	5,074	750
Stock-based compensation	708	643	654	261	235	1,550
Depreciation and amortization	2,796	2,209	1,887	1,178	944	873
Net cash from operating activities	(6,360)	(17,134)	(2,905)	(4,967)	651	2,586
Purchases of property and equipment	90	834	570	241	437	663
Net cash from investing activities	3,207	5,364	470	11,018	20	(663)
Proceeds from issuing common stock	3,584	43	0	—	0	11,785
Proceeds from issuing equity	4,600	5,200	—	—	—	—
Share repurchases	0	2	1	0	—	—
Net cash from financing activities	4,514	12,187	(1,895)	(1,535)	(619)	11,785
Net change in cash	1,377	503	(4,336)	4,511	47	13,714

† Share count changed about 1/10 in the period ending 2024-01-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Compare with peers

Defense primes first (General Dynamics, Northrop Grumman, L3Harris, Huntington Ingalls, RTX), then SIC 3812 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3812 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Defense primes first (General Dynamics, Northrop Grumman, L3Harris, Huntington Ingalls, RTX), whatever their size; consumer navigation makers are left out.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Companies after the primes are not on that list: each is there for its industry code and size, and is marked “added” with its code.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Mind Technology	15,758	5,622	(1,790)*	9.1M	9.6 quarters	Q2 FY27 10-QJul 31, 2026
General Dynamics	4,388,000	14,566,000	1,710,000*	270.2M	—	Q3 FY26 10-QOct 4, 2026
Northrop Grumman	3,744,000	11,122,000	1,745,000*	142.1M	—	Q3 FY26 10-QSep 30, 2026
L3harris Technologies	2,471,000	6,060,000	1,439,000*	186.2M	—	Q3 FY26 10-QOct 2, 2026
Huntington Ingalls Industries	387,000	3,537,000	520,000*	39.4M	—	Q3 FY26 10-QSep 30, 2026
RTX	9,173,000	24,965,000	2,868,000*	1.3B	—	Q3 FY26 10-QSep 30, 2026
New Horizon Aircraftadded: SIC 3721, similar size	70,061	not reported	(7,213)	67.1M	8.9 quarters	Q1 FY27 10-QAug 31, 2026
Marine Products Groupadded: SIC 3730, similar size	45,799	not reported	9,051	34.2M	—	Q1 FY26 10-QMar 31, 2026
Cpi Aerostructuresadded: SIC 3728, similar size	836	17,582	(1)*	13.2M	834.2 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.