Filing Flows › Mind Technology (MIND) › Q2 FY26
Mind Technology (MIND) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 10, 2025
Mind Technology (MIND) reported revenue of $13.6M for the second quarter fiscal 2026 (Q2 FY26), +35% from a year earlier and +72% from the quarter before. Operating margin was 19.6%, net earnings $1.9M (14.2% of revenue).
Mind Technology, Q2 FY26: revenue $13.6M (+35% year over year), operating margin 19.6%, net earnings $1.9M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.6M | +72% | +35% |
| Gross profit | $6.8M | +105% | +43% |
| Operating profit | $2.7M | — | +86% |
| Net earnings | $1.9M | — | +142% |
| Operating cash flow | −$1.2M | -128% | — |
What changed
Revenue was $13.6M in Q2 FY26, up 35% year over year and up 72% from the previous quarter.
Gross margin was 50.4%, up 2.7 points from a year earlier. Operating profit was $2.7M, a 19.6% margin (up 5.4 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 14% margin then. Operating expenses grew 24% against revenue growth of 35%. The fastest-growing cost line was SG&A (+31%). Net earnings were $1.9M, up 142% year over year. The effective tax rate was 25.8%.
Operating cash flow was −$1.2M. Non-cash charges added back $217K of depreciation and amortization and $281K of share-based compensation. Working capital and other items used $3.6M. Capital expenditures of $182K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Mind Technology's revenue in the second quarter fiscal 2026?
Mind Technology (MIND) reported revenue of $13.6M for the second quarter fiscal 2026 (Q2 FY26), +35% from a year earlier and +72% from the quarter before.
Was Mind Technology profitable in the second quarter fiscal 2026?
Operating profit was $2.7M (19.6% of revenue) and net earnings $1.9M.
Source: Mind Technology 10-Q on SEC EDGAR.