MIND Technology, Inc.
Balance Sheet
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $19.1M | $5.3M | $5.3M | $778.0K | $5.1M | $4.6M | $3.1M | $9.4M |
| Accounts Receivable | $12.6M | $11.8M | $6.6M | $3.2M | $8.1M | $4.7M | $6.6M | — |
| Inventory | $11.2M | $13.7M | $13.4M | $11.0M | $14.0M | $11.5M | $12.7M | $10.8M |
| Total Current Assets | $44.9M | $32.1M | $28.3M | $22.2M | $29.2M | $26.8M | $39.4M | $36.3M |
| Property, Plant & Equipment | $1.2M | $890.0K | $818.0K | $953.0K | $4.3M | $4.8M | $5.4M | $14.2M |
| Goodwill | — | — | — | — | $0 | $0 | $2.5M | $2.5M |
| Intangible Assets (Excl. Goodwill) | $1.8M | $2.3M | $2.9M | $3.6M | $6.0M | $6.8M | $8.1M | $10.5M |
| Total Assets | $49.3M | $36.7M | $33.5M | $32.9M | $42.0M | $39.8M | $58.2M | $65.3M |
| Liabilities | ||||||||
| Accounts Payable | $1.2M | $2.6M | $1.6M | $2.5M | $2.0M | $1.7M | $1.8M | $1.5M |
| Total Current Liabilities | $7.4M | $8.6M | $10.3M | $8.9M | $10.7M | $7.8M | $8.4M | $7.4M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $7.8M | $9.4M | $10.9M | $9.8M | $11.8M | $9.3M | $10.6M | $8.6M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-107.7M | $-108.4M | $-128.3M | $-127.6M | $-117.9M | $-99.9M | $-77.3M | $-64.0M |
| Total Stockholders' Equity | $41.4M | $27.3M | $22.6M | $23.1M | $30.3M | $30.4M | $47.7M | $56.7M |