Event-Driven Stocks

MIND TECHNOLOGY, INC

MIND, MINDP

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Signs● 5 good● 1 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY26FY25FY24FY23FY22FY21
Revenue$40.9M$46.9M$36.5M$25.0M$23.1M$21.2M
Operating income$2.9M$6.8M$518,000−$5.7M−$14.5M−$14.3M
Net income$750,000$5.1M$274,000−$8.8M−$15.1M−$20.3M
Total assets$49.3M$36.7M$33.5M$32.9M$42.0M$39.8M
Total liabilities$7.8M$9.4M$10.8M$9.8M$11.8M$9.3M
Equity$41.4M$27.3M$22.6M$23.1M$30.3M$30.4M
EPS (diluted)$0.09$4.32$-2.50$-0.92$-1.31$-1.80
Shares out.9.1M8.0M1.4M13.8M13.8M13.8M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2026
Operating margin
7.0%
Net margin
1.8%
Return on equity
1.8%
Return on assets
1.5%
Return on capital (ROCE)
6.8%
Liabilities / assets
15.9%
Debt / equity
0.19×
Book value / share
$4.56
Revenue growth (YoY)
−12.6%
Net income growth (YoY)
−85.2%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2026
Altman Z″ (distress)
3.79safe
Accruals / assets
−3.7%clean
Piotroski F-Score
5/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
67
/ 100
Profitability 100Growth 0Catalyst 33Earnings quality 100Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 1 severe● 1 warning● 5 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Revenue declined year-over-year
  • Operating margin is positive
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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