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Companies / Health Care / MIND Technology, Inc.
MIND

MIND Technology, Inc.

Health CareMedical Instruments
Ticker MINDTHE WOODLANDS, TXFiscal year ends JanuaryBook value per share $4.84Diluted shares 8.3M

MIND Technology, Inc. (Nasdaq: MIND) provides technology for the oceanographic, hydrographic, seismic and maritime security industries, serving marine survey companies, seismic survey contractors, government organizations, research institutes, and operators of ports and offshore installations. The company operates as… From the company’s description.

Over the twelve months to Jul 31, 2026, MIND Technology, Inc. reported revenue of $34.78M, down 28.5% from a year earlier, and a net loss of $2.35M. Its operating margin was −2.7%, and operations used $3.46M in cash. In fiscal 2025, it reported revenue of $40.95M, down 12.6% from fiscal 2024, and net income of $0.75M.

Fiscal year 2025 · ends 01-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-07-31
Sales & profitability
$40.95MFY2025
−12.6% year over year
Last 12 mo $34.78M
6.98%FY2025
−7.6 percentage points
Last 12 mo -2.67%
$0.75MFY2025
−85.2% year over year
Last 12 mo $-2.35M
1.81%FY2025
−16.8 percentage points
Last 12 mo -5.84%
Cash & financing
$2.59MFY2025
+297.2% year over year
Last 12 mo $-3.46M
$1.92MFY2025
+798.6% year over year
Last 12 mo $-3.86M
—
8.3MFY2025
+104.2% year over year

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What MIND Technology, Inc. does

In the company’s own words

MIND Technology, Inc. (Nasdaq: MIND) provides technology for the oceanographic, hydrographic, seismic and maritime security industries, serving marine survey companies, seismic survey contractors, government organizations, research institutes, and operators of ports and offshore installations. The company operates as one reportable segment, Seamap, which designs, manufactures and sells specialized marine seismic equipment. Its products include GunLink seismic source acquisition and control systems, BuoyLink positioning systems, Sleeve Gun energy sources, and SeaLink towed streamer systems and marine sensors; it also sells replacement parts and provides repair, training and field services. Applications include marine surveys for energy exploration, alternative energy projects, ocean-bottom surveys, construction and research. MIND’s marine sensors and streamer technology can also support sonar uses in maritime security and defense. The company reported fiscal 2026 revenue of approximately $40.9 million and employed about 157 people as of January 31, 2026. Its Seamap operations span the United States, Singapore, Malaysia and the United Kingdom. Its website is https://www.mind-technology.com.

Company details
Sector
Health Care
Industry (SIC)
Medical Instruments
Headquarters
THE WOODLANDS, TX
Fiscal year end
January
CIK
926423
SIC
3812

Financial performance, year by year

Fiscal 2011–2025 · USD
$-53.89M$-8.42M$37.05M$82.52M$127.99M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns MIND Technology, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

21
funds hold it
0 of 35
superinvestors hold it
$2.78M
held by funds, at market
5.9%
of shares held by funds

Largest fund holders · MIND Technology, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do MIND Technology, Inc. and its peers compare on margins and cash generation over ten years?”
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