MIND Technology, Inc. (MIND) AI Stock Analysis

Established in 1987 and headquartered in The Woodlands, Texas, MIND Technology, Inc. specializes in technology solutions for oceanographic research, hydrographic mapping, defense, seismic exploration, and maritime security. Key offerings include GunLink seismic source acquisition and control systems, BuoyLink RGPS tracking systems, and SeaLink marine sensors and solid streamer systems. The company also provides ancillary equipment such as depth and pressure transducers, air control valves, and source array systems. In addition, it delivers repair, engineering, training, field operations, and umbilical termination services to support marine operations worldwide.

MIND delivered a 5-year revenue CAGR of 14.1% from FY2021 to FY2026. Annual revenue expanded from $23.1M in FY2022 to $46.9M in FY2025 before declining 12.6% to $40.9M in FY2026. Gross margin rose steadily from 16.5% in FY2022 to 43.4% in FY2026, while net income shifted from -$15.1M in FY2022 to $750,000 in FY2026. However, trailing twelve month performance has deteriorated. For the period ended July 31, 2026, revenue stood at $34.8M with a profit margin of -6.8% and an operating margin of -31.9%. For the latest quarter, quarterly revenue declined 58.5% year-over-year, and quarterly earnings decreased 99.7%.

As of July 31, 2026, MIND held $15.8M in cash and short-term investments against total debt of $839,000, resulting in net cash of $14.9M. The company maintains a current ratio of 6.92 and a debt-to-equity ratio of 0.02, supported by $40.3M in shareholders' equity. In FY2026, operating cash flow was $2.6M, free cash flow was $1.9M, and capital expenditures totaled $663,000. Over five years, the share count increased by 65.0%.

MIND trades at an enterprise value of $25.7M and a market cap of $39.2M. Its price-to-sales ratio of 1.1x and EV-to-EBITDA of 5.6x sit below the median of its US-listed Technology peers, which record a price-to-sales of 2.8x and EV-to-EBITDA of 16.6x. However, its forward P/E of 105.3x is well above the peer median of 18.8x. Over the past year, the stock fell 54.2% compared to a 16.8% gain for the S&P 500, and its 5-year return of -75.1% lags the S&P 500 return of 83.0%.

One analyst covers MIND with a Strong Buy rating. The mean price target is $9.00, representing a 108.8% upside from the October 16, 2026 closing price of $4.31. For the current fiscal year ending January 31, 2027, consensus estimates project revenue of $28.8M and an EPS of -$0.43, down 577.8%. For next fiscal year, the single analyst forecasts revenue of $50.0M and EPS of $0.56. Over the last 4 quarters, MIND recorded 0 EPS beats. The next earnings date is December 8, 2026.

This page is an AI-written research summary of MIND Technology, Inc. (MIND). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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