Filing Flows › Mind Technology (MIND) › Q4 FY26
Mind Technology (MIND) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Apr 20, 2026
Mind Technology (MIND) reported revenue of $9.8M for the fourth quarter fiscal 2026 (Q4 FY26), -35% from a year earlier and +1% from the quarter before. Operating margin was 0.8%, net loss $271K (2.8% of revenue).
Mind Technology, Q4 FY26: revenue $9.8M (-35% year over year), operating margin 0.8%, net loss $271K, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.8M | +1% | -35% |
| Operating profit | $78K | -90% | -97% |
| Net earnings | −$271K | -537% | -113% |
| Operating cash flow | −$1.2M | -236% | -159% |
What changed
Revenue was $9.8M in Q4 FY26, down 35% year over year and up 1% from the previous quarter.
Gross margin was 40.7%, down 2.8 points from Q4 FY25. Operating profit was $78K, a 0.8% margin (down 17.7 points year over year). Operating expenses grew 4% against a revenue fall of 35%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $271K, after a profit of $62K the previous quarter. Non-operating items added $122K, 61% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.2M. Non-cash charges added back $220K of depreciation and amortization and $714K of share-based compensation. Working capital and other items used $1.9M. Capital expenditures of $151K exceeded it, leaving free cash flow of −$1.4M.
Questions
What was Mind Technology's revenue in the fourth quarter fiscal 2026?
Mind Technology (MIND) reported revenue of $9.8M for the fourth quarter fiscal 2026 (Q4 FY26), -35% from a year earlier and +1% from the quarter before.
Was Mind Technology profitable in the fourth quarter fiscal 2026?
Operating profit was $78K (0.8% of revenue) and net loss $271K.
Source: Mind Technology 10-K on SEC EDGAR.