Filing Flows › Geospace Technologies (GEOS) › Q1 FY26
Geospace Technologies (GEOS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 12, 2026
Geospace Technologies (GEOS) reported revenue of $25.6M for the first quarter fiscal 2026 (Q1 FY26), -31% from a year earlier and -17% from the quarter before. Operating margin was -40.0%, net loss $9.8M (38.2% of revenue).
Geospace Technologies, Q1 FY26: revenue $25.6M (-31% year over year), operating margin -40.0%, net loss $9.8M, operating cash flow −$15.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.6M | -17% | -31% |
| Operating profit | −$10.2M | — | — |
| Net earnings | −$9.8M | — | — |
| Operating cash flow | −$15.1M | — | — |
What changed
Revenue was $25.6M in Q1 FY26, down 31% year over year and down 17% from the previous quarter. Product was the largest line at 95% of revenue. Product lost $8.3M year over year (down 25%), 71% of the total change.
Gross margin was 10.5%, down 43.6 points from a year earlier. Operating costs exceeded revenue by $10.2M, an operating margin of -40.0%. Operating expenses grew 5% against a revenue fall of 31%. The fastest-growing cost line was SG&A (+12%). The quarter ended with a net loss of $9.8M, wider than the previous quarter's $9.1M loss.
Operating cash flow was −$15.1M. Non-cash charges added back $2.6M of depreciation and amortization and $419K of share-based compensation. Working capital and other items used $8.3M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$17.6M.
Questions
What was Geospace Technologies' revenue in the first quarter fiscal 2026?
Geospace Technologies (GEOS) reported revenue of $25.6M for the first quarter fiscal 2026 (Q1 FY26), -31% from a year earlier and -17% from the quarter before.
Was Geospace Technologies profitable in the first quarter fiscal 2026?
Operating loss was $10.2M (-40.0% of revenue) and net loss $9.8M.