MIND Technology (MIND) Balance Sheet: Assets & Liabilities

MIND Technology (MIND) Balance Sheet

As of Jan 31, 2026 (end of fiscal 2026), MIND Technology reported total assets of $49.27M and total liabilities of $7.85M. Shareholders' equity was $41.42M, up 51.5% from $27.33M a year earlier. Total debt stood at $1.09M against $19.05M in cash and short-term investments, a net cash position of $17.96M. That puts debt-to-equity at 0.03, compared with 0.05 a year earlier.

MIND Technology Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for MIND Technology, Inc. (MIND) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2017
Period ending	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018
Current Assets
Cash and Cash Equivalents	19.05	5.34	5.29	0.78	5.11	4.61	4.61	9.39	2.90
Cash & Short-Term Investments	19.05	5.34	5.29	0.78	5.11	4.61	4.61	9.39	2.90
Accounts Receivable	12.57	11.82	6.57	3.99	8.13	4.75	4.75	12.08	15.83
Inventory	11.15	13.75	13.37	15.32	14.01	11.45	11.45	10.77	11.96
Other Current Assets	2.11	1.22	3.11	2.14	2.00	1.66	5.98	4.10	4.37
Total Current Assets	44.88	32.12	28.34	22.23	29.25	26.79	26.79	36.34	35.06
Non-Current Assets
Property, Plant & Equipment (Net)	2.33	2.21	2.14	5.69	6.11	6.22	6.22	14.16	43.84
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.65	0.00	0.84	2.78
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.53	4.00
Intangible Assets	1.75	2.31	2.89	4.93	6.02	6.75	6.75	10.50	9.01
Other Non-Current Assets	0.30	0.09	0.12	0.00	0.65	0.65	0.00	0.87	2.81
Total Non-Current Assets	4.38	4.61	5.15	10.63	12.78	12.78	12.97	28.96	59.66
Total Assets	49.27	36.72	33.49	32.86	42.02	39.76	39.76	65.30	94.71
Current Liabilities
Accounts Payable	1.21	2.56	1.62	4.10	2.05	1.70	1.70	1.53	1.93
Short-Term Debt	0.69	0.58	0.75	0.90	0.87	1.74	2.02	0.00	6.37
Accrued Liabilities	1.60	1.25	2.14	0.69	5.76	0.58	-	-	-
Deferred Revenue	0.32	0.19	0.20	0.57	2.83	0.21	0.69	1.74	1.29
Other Current Liabilities	3.63	4.08	5.56	2.11	4.11	3.78	2.86	3.93	2.31
Total Current Liabilities	7.44	8.65	10.28	8.93	10.70	7.84	7.84	7.43	13.47
Non-Current Liabilities
Long-Term Debt	0.41	0.74	0.57	0.85	0.97	0.85	1.31	0.00	0.00
Deferred Tax Liabilities	0.00	0.00	0.00	0.03	0.09	0.20	0.20	0.00	0.32
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.20	0.00
Total Non-Current Liabilities	0.41	0.74	0.57	0.88	1.06	1.06	1.51	1.20	0.32
Total Liabilities	7.85	9.39	10.85	9.81	11.76	9.35	9.35	8.62	13.78
Stockholders' Equity
Common Stock	0.09	0.08	0.01	0.16	0.16	0.16	0.16	0.14	0.14
Retained Earnings	-107.70	-108.45	-128.31	-127.64	-117.86	-99.87	-99.87	-63.97	-20.45
Accumulated Other Comprehensive Income	0.03	0.03	0.03	0.03	0.03	-4.36	-4.36	-4.39	-8.85
Treasury Stock	-	-	-	16.86	16.86	-	-	-	-
Additional Paid-in Capital	148.99	135.67	113.12	113.12	112.86	112.06	111.38	107.10	105.44
Shares Outstanding	9.09	7.97	1.41	1.38	1.38	-	-	-	-
Total Stockholders' Equity	41.42	27.33	22.64	23.05	30.26	30.42	30.42	56.68	80.93
Total Liabilities & Equity	49.27	36.72	33.49	33.49	32.86	42.02	39.76	58.23	73.68

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About MIND Technology Balance Sheet

How much debt does MIND Technology have?

MIND Technology had total debt of $1.09M as of Jan 31, 2026, against $19.05M in cash and short-term investments. Its debt-to-equity ratio was 0.03. Total debt was $1.32M a year earlier.

What are MIND Technology's total assets?

MIND Technology reported total assets of $49.27M as of Jan 31, 2026, up 34.2% from $36.72M a year earlier. Total liabilities were $7.85M.

What is MIND Technology's shareholders' equity?

MIND Technology's shareholders' equity was $41.42M as of Jan 31, 2026, or about $4.56 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition