MIND Technology, Inc. (MIND) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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MIND Revenue Growth
Revenue Breakdown (FY 2022)
MIND's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
By Geography
MIND Revenue Analysis (2013–2024)
As of May 8, 2026, MIND Technology, Inc. (MIND) generated trailing twelve-month (TTM) revenue of $46.2 million, reflecting significant decline in growth of -20.0% year-over-year. The most recent quarter (Q3 2025) recorded $9.7 million in revenue, down 28.6% sequentially.
Looking at the longer-term picture, MIND's 5-year compound annual growth rate (CAGR) stands at +9.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $92.1 million in 2013.
Revenue diversification analysis shows MIND's business is primarily driven by Marine Technology Products (100%). With over half of revenue concentrated in Marine Technology Products, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including GEOS (-13.4% YoY), TGS (+17.8% YoY), and KNSL (+17.0% YoY), MIND has underperformed the peer group in terms of revenue growth. Compare MIND vs GEOS →
MIND Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MINDCurrent | $46M | -20.0% | +9.4% | 14.5% | |
 GEOS | $111M | -13.4% | +4.8% | -10.2% | |
 TGS | $1.99T | +17.8% | +64.8% | 43.3% | |
 KNSL | $1.9B | +17.0% | +32.4% | 33.8% | |
 TDY | $6.1B | +6.1% | +14.7% | 18.8% | |
 HII | $12.5B | +12.1% | +5.9% | 4.9% |
MIND Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $46.9M | +28.4% | $21.0M | 44.7% | $6.8M | 14.5% |
| 2023 | $36.5M | +46.0% | $14.8M | 40.5% | $518K | 1.4% |
| 2022 | $25.0M | +8.2% | $8.6M | 34.4% | $-5,650,000 | -22.6% |
| 2021 | $23.1M | +8.9% | $6.0M | 26.1% | $-14,544,000 | -62.9% |
| 2020 | $21.2M | -29.1% | $7.3M | 34.5% | $-11,797,000 | -55.6% |
| 2019 | $29.9M | -30.3% | $16.6M | 55.6% | $-4,945,000 | -16.5% |
| 2018 | $42.9M | -11.0% | $11.7M | 27.3% | $-13,020,000 | -30.3% |
| 2017 | $48.3M | +17.7% | $6.1M | 12.6% | $-19,708,000 | -40.8% |
| 2016 | $41.0M | -20.9% | $-7,414,000 | -18.1% | $-31,290,000 | -76.3% |
| 2015 | $51.8M | -37.7% | $2.7M | 5.2% | $-26,760,000 | -51.6% |
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Start ComparisonMIND — Frequently Asked Questions
Quick answers to the most common questions about buying MIND stock.
Is MIND's revenue growth accelerating or slowing?
MIND revenue declined -20.0% year-over-year, contrasting with the 5-year CAGR of +9.4%. TTM revenue fell to $46M. This reverses the prior growth trend.
What is MIND's long-term revenue growth rate?
MIND Technology, Inc.'s 5-year revenue CAGR of +9.4% reflects the variable expansion pattern. Current YoY growth of -20.0% is below this long-term average.
How is MIND's revenue distributed by segment?
MIND reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.