MIND Technology, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $750.0K | $5.1M | $274.0K | $-8.8M | $-15.1M | $-20.3M | $-11.3M | $-19.8M |
| Depreciation & Amortization | $873.0K | $944.0K | $1.2M | $1.3M | $2.2M | $2.8M | $2.5M | $2.5M |
| Depreciation | $301.0K | $306.0K | $383.0K | $471.0K | $934.0K | — | — | — |
| Amortization | $572.0K | $638.0K | $795.0K | $873.0K | $1.3M | $1.8M | $1.8M | $1.8M |
| Stock-Based Compensation | $1.6M | $235.0K | $261.0K | $654.0K | $643.0K | $708.0K | $854.0K | $781.0K |
| Net Cash from Operating Activities | $2.6M | $651.0K | $-5.0M | $-2.9M | $-17.1M | $-6.4M | $-5.8M | $-5.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $663.0K | $437.0K | $290.0K | $570.0K | $834.0K | $90.0K | $1.0M | $814.0K |
| Business Acquisitions | — | — | — | — | — | — | — | $3.0M |
| Net Cash from Investing Activities | $-663.0K | $20.0K | $11.0M | $470.0K | $5.4M | $3.2M | $-2.1M | $-15.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | $0 | $1.0K | $2.0K | $0 | — | $0 |
| Net Cash from Financing Activities | $11.8M | $-619.0K | $-1.5M | $-1.9M | $12.2M | $4.5M | $1.7M | $5.1M |
| Net Change in Cash | $13.7M | $47.0K | $4.5M | $-4.3M | $503.0K | $1.4M | $-6.3M | $-597.0K |
| Free Cash Flow | $1.9M | $214.0K | $-5.3M | $-3.5M | $-18.0M | $-6.5M | $-6.9M | $-6.3M |