What is the 13F Pro Quality Score for MIND?

13F Pro ranks MIND TECHNOLOGY, INC (MIND) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MIND's current score at https://13fpro.ai/research/MIND (free sign-up required for the full ranking).

Where does 13F Pro source MIND data?

All MIND TECHNOLOGY, INC fundamentals and ownership data come directly from SEC EDGAR. MIND TECHNOLOGY, INC files with the SEC under CIK 926423. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MIND in?

MIND TECHNOLOGY, INC (MIND) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is MIND research updated on 13F Pro?

MIND's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

MIND TECHNOLOGY, INC(MIND)Stock Analysis

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13F Pro Quality Score

41.3/100

Rank #1,904 of 2,879 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

68.2/100

Profitability

30.2/100

Balance Sheet

46.2/100

Earnings Quality

30.0/100

Free Cash Flow

49.6/100

Institutional Flow

56.9/100

Revenue Scale

9.5/100

Dilution Risk

30.0/100

MIND Stock Analysis & AI Quality Score

AI stock analysis and institutional research for MIND TECHNOLOGY, INC (MIND), a Technology sector company. 13F Pro's AI-powered ranking engine scores MIND at 41.3/100 on a 32-signal composite quality model, placing it at rank #1,904 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include revenue scale (9.5) and earnings quality (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 30.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2027), MIND TECHNOLOGY, INC reports quarterly revenue of $9.7M, net income of $-411.0K, free cash flow of $-1.4M. Top institutional holders of MIND by reported 13-F value include VANGUARD CAPITAL MANAGEMENT, GEODE CAPITAL MANAGEMENT,, MARSHALL WACE, LLP, based on the most recent SEC filings. MIND trades on the Nasdaq exchange and files with the SEC under CIK 926423. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MIND daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MIND TECHNOLOGY, INC directly from SEC EDGAR. MIND TECHNOLOGY, INC's 13F Pro composite quality score has ranged between 15 and 58 since 2021, currently 41.3 — an improving long-term trajectory across 20 quarterly and live scoring snapshots.

Revenue

Q1 2027

$9.7M

Net Income

Q1 2027

$-411.0K

Free Cash Flow

Q1 2027

$-1.4M

ROIC

Q1 2027

0.0%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-12.6% YoY

$40.9MFY 2026

FY22 $23.1MFY23 $25.0MFY25 $46.9MFY26 $40.9M

Net Income

-95.7% YoY

$750.0KFY 2026

FY22 $-15.1MFY23 $-8.8MFY25 $17.6MFY26 $750.0K

Operating Income

-58.1% YoY

$2.9MFY 2026

FY22 $-14.5MFY23 $-5.7MFY25 $6.8MFY26 $2.9M

EPS (Diluted)

—FY 2026

FY22 $-1.31FY23 $-0.92FY25 —FY26 —

Total Assets

+34.2% YoY

$49.3MFY 2026

FY22 $42.0MFY23 $32.9MFY25 $36.7MFY26 $49.3M

Op. Cash Flow

+297.2% YoY

$2.6MFY 2026

FY22 $-17.1MFY23 $-2.9MFY25 $651.0KFY26 $2.6M

Metric	FY 2026	FY 2025	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$40.9M -12.6%	$46.9M +87.4%	$25.0M +8.2%	$23.1M +8.9%	$21.2M -50.3%	$42.7M
Net Income	$750.0K -95.7%	$17.6M +299.3%	$-8.8M +41.5%	$-15.1M +25.7%	$-20.3M -79.9%	$-11.3M
Operating Income	$2.9M -58.1%	$6.8M +220.7%	$-5.7M +61.2%	$-14.5M -1.5%	$-14.3M -127.8%	$-6.3M
EPS (Diluted)	—	—	$-0.92 +29.8%	$-1.31 +27.2%	$-1.80 -63.6%	$-1.10
Total Assets	$49.3M +34.2%	$36.7M +11.8%	$32.9M -21.8%	$42.0M +5.7%	$39.8M -31.7%	$58.2M
Operating Cash Flow	$2.6M +297.2%	$651.0K +122.4%	$-2.9M +83.0%	$-17.1M -169.4%	$-6.4M -9.3%	$-5.8M

AI Insight: MIND Financial Trends

Revenue collapsed to $10M and has flatlined for two quarters; operating cash flow turned negative while equity swelled to $42M, suggesting dilutive financing masked deteriorating operations.

• Revenue declined 29% from Q1 2025 peak of $15M to $10M in Q2 2026; now flat for two consecutive quarters.

• Operating income compressed from $3M in Q1 and Q3 2025 to $0M in latest two quarters; profitability eroded.

• Equity ballooned 75% from $24M in Q3 2024 to $42M in Q2 2026 without corresponding revenue or profit growth.

⚠ Operating cash flow negative $1M in last two quarters after positive Q3 2025; cash generation capability deteriorated.

⚠ Net income swung from $2M profit (Q1/Q3 2025) to $0M or breakeven (Q4 2025–Q2 2026); earnings volatility signals operational stress.

AI Insight: MIND Ratio Trends

MIND has collapsed into profitability crisis, with operating margin plunging from 19.6% in Q3 2025 to near-zero in Q2 2026.

• Operating margin compressed 19.5pp from Q3 2025 (19.6%) to Q2 2026 (0.1%); NPM fell from 14.2% to -4.2% over same span.

• ROIC deteriorated from 36.9% in Q3 2025 to 0.1% in Q2 2026, erasing prior capital efficiency gains.

• TTM metrics severely depressed: OpMargin 8.3%, NPM 3.1%, ROIC 8.5%—all reflect recent quarterly losses.

⚠ Q2 2025 and Q1–Q2 2026 all posted negative profitability; identify root cause (revenue cliff, cost spike, one-offs).

⚠ Q3 2025 spike to 19.6% OpMargin followed by sustained sub-10% margins suggests structural deterioration, not seasonality.

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Available Research

13F Pro tracks comprehensive data for MIND TECHNOLOGY, INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MIND

VANGUARD CAPITAL MANAGEMENT LLC
$2.6M309,637 sh
GEODE CAPITAL MANAGEMENT, LLC
$849.9K101,736 sh
MARSHALL WACE, LLP
$779.2K93,315 sh
ARS Investment Partners, LLC
$653.7K78,282 sh
BlackRock, Inc.
$588.0K70,416 sh
DIMENSIONAL FUND ADVISORS LP
$530.6K63,540 sh
Stratos Wealth Partners, LTD.
$524.1K62,763 sh
COMMONWEALTH EQUITY SERVICES, LLC
$457.9K54,834 sh
MORGAN STANLEY
$431.0K51,614 sh
VANGUARD FIDUCIARY TRUST CO
$410.4K49,148 sh

Fund	Value	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$2.6M	309,637
GEODE CAPITAL MANAGEMENT, LLC	$849.9K	101,736
MARSHALL WACE, LLP	$779.2K	93,315
ARS Investment Partners, LLC	$653.7K	78,282
BlackRock, Inc.	$588.0K	70,416
DIMENSIONAL FUND ADVISORS LP	$530.6K	63,540
Stratos Wealth Partners, LTD.	$524.1K	62,763
COMMONWEALTH EQUITY SERVICES, LLC	$457.9K	54,834
MORGAN STANLEY	$431.0K	51,614
VANGUARD FIDUCIARY TRUST CO	$410.4K	49,148

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Is MIND a good stock to buy?

13F Pro's AI-powered analysis of MIND TECHNOLOGY, INC (MIND) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MIND are available on the MIND stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own MIND?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MIND. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MIND TECHNOLOGY, INC's investment landscape.