Mind Technology, Inc MIND

Q2 FY2027 · ended Jul 31, 2026 · Revenue $5.62M, -58.5% YoY · Filed Sep 9, 2026

Mind Technology, Inc (MIND) files with the SEC under industry code 3812, Search, Detection, Navigation, Guidance, Aeronautical Sys. In Q2 of fiscal 2027, the quarter ended Jul 31, 2026, it reported revenue of $5.6 million and a net loss of $1.7 million. Free cash flow was -$1.9 million. As of Jul 31, 2026 it held $15.8 million in cash and investments and $839,000 in total debt.

Revenue
$5.62M
-58.5% vs year-ago quarter
Net income
$-1.73M
-189.9% vs year-ago quarter
Operating cash flow
$-1.79M
-54.4% vs year-ago quarter
Free cash flow
$-1.90M
-41.5% vs year-ago quarter
EPS
—
Dividend per share
None
Shares outstanding
9.09M
+14.0% vs year-ago quarter
Net cash
$14.92M
Q2 FY2027
Operating margin
-2.7%
TTM

Company profile

Industry
Search, Detection, Navigation, Guidance, Aeronautical Sys (SIC 3812)
Listed as
MIND (Nasdaq)
Fiscal year ends
January 31
Incorporated in
DE
Headquarters
The Woodlands, TX
SEC filer status
Non-accelerated filer, Smaller reporting company
SEC CIK
926423
Former names
MITCHAM INDUSTRIES INC (until Aug 7, 2020)

Other Search, Detection, Navigation, Guidance, Aeronautical Sys companies

Key figures

Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.

Line
Q2 FY2027
Jul 31, 2026
Q1 FY2027
Apr 30, 2026
Q4 FY2026
Jan 31, 2026
Q3 FY2026
Oct 31, 2025
Q2 FY2026
Jul 31, 2025
Revenue
$5.6M
$9.7M
$9.8M
$9.7M
$13.6M
Operating income
-$1.8M
$14,000
$78,000
$774,000
$2.7M
Net income
-$1.7M
-$411,000
-$271,000
$62,000
$1.9M
Operating cash flow
-$1.8M
-$1.3M
-$1.2M
$894,000
-$1.2M
Free cash flow
-$1.9M
-$1.4M
-$1.4M
$801,000
-$1.3M
Total assets
$46.7M
$50.8M
$49.3M
$47.3M
$35.8M
Total liabilities
$6.4M
$9.2M
$7.8M
$7.4M
$7.0M
Stockholders' equity
$40.3M
$41.5M
$41.4M
$39.9M
$28.8M
Cash and investments
$15.8M
$17.7M
$19.1M
$19.4M
$7.8M
Total debt
$839,000
$910,000
$1.1M
$1.3M
$841,000

Recent SEC filings

Recent SEC filings
Form Description Filed Period
10-Q Quarterly report Sep 9, 2026 Jul 31, 2026
8-K Current report
Results of operations, Regulation FD disclosure
Sep 8, 2026 Sep 8, 2026
8-K Current report
Shareholder vote results
Jul 23, 2026 Jul 22, 2026
10-Q Quarterly report Jun 11, 2026 Apr 30, 2026
8-K Current report
Results of operations, Regulation FD disclosure
Jun 10, 2026 Jun 10, 2026
ARS Annual report to shareholders Jun 1, 2026 Jan 31, 2026

Source: SEC EDGAR filings. This is company-reported data, not investment advice.