Filing Flows › Geospace Technologies (GEOS) › Q2 FY26
Geospace Technologies (GEOS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 8, 2026
Geospace Technologies (GEOS) reported revenue of $19.7M for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and -23% from the quarter before. Operating margin was -57.8%, net loss $11.0M (56.0% of revenue).
Geospace Technologies, Q2 FY26: revenue $19.7M (+10% year over year), operating margin -57.8%, net loss $11.0M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.7M | -23% | +10% |
| Operating profit | −$11.4M | — | — |
| Net earnings | −$11.0M | — | — |
| Operating cash flow | −$1.6M | — | — |
What changed
Revenue was $19.7M in Q2 FY26, up 10% year over year and down 23% from the previous quarter. Product was the largest line at 96% of revenue. Rental added $1.5M year over year, 85% of the total change.
Gross margin was 3.5%, down 6.2 points from Q2 FY25. Operating costs exceeded revenue by $11.4M, an operating margin of -57.8%. Operating expenses grew 1% against revenue growth of 10%. The quarter ended with a net loss of $11.0M, wider than the previous quarter's $9.8M loss.
Operating cash flow was −$1.6M. Non-cash charges added back $2.7M of depreciation and amortization and $325K of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $535K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was Geospace Technologies' revenue in the second quarter fiscal 2026?
Geospace Technologies (GEOS) reported revenue of $19.7M for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and -23% from the quarter before.
Was Geospace Technologies profitable in the second quarter fiscal 2026?
Operating loss was $11.4M (-57.8% of revenue) and net loss $11.0M.