Geospace Technologies Corp income statement
In fiscal 2025, Geospace Technologies Corp reported revenue of $111m, down 18.3% on the year before, operating income of −$11.3m (a -10.2% margin) and net income of −$9.7m, or −$0.76 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Sept 2009 | 2010Sept 2010 | 2011Sept 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 93 | 129 | 173 | 192 | 301 | 237 | 85 | 62 | 74 | 76 | 96 | 88 | 95 | 89 | 125 | 136 | 111 | 92 |
| Cost of revenue | 66 | 81 | 99 | 110 | 161 | 140 | 96 | 81 | 94 | 65 | 64 | 64 | 79 | 71 | 73 | 83 | 78 | 84 |
| Gross profit | 27 | 47 | 74 | 82 | 140 | 96 | −11 | −19 | −21 | 11 | 31 | 23 | 16 | 18 | 52 | 53 | 33 | 7 |
| Research and development | 8 | 10 | 12 | 12 | 15 | 17 | 15 | 14 | 14 | 11 | 15 | 17 | 15 | 18 | 16 | 16 | 19 | 18 |
| Selling, general and administrative | 15 | 17 | 18 | 19 | 23 | 25 | 23 | 22 | 20 | 20 | 24 | 23 | 22 | 23 | 26 | 27 | 30 | 30 |
| Operating income | 4 | 21 | 44 | 51 | 101 | 54 | −53 | −56 | −54 | −21 | 1 | −18 | −17 | −23 | 11 | 7 | −11 | −41 |
| Interest expense | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 |
| Income before tax | 3 | 21 | 45 | 52 | 101 | 54 | −50 | −55 | −54 | −20 | 2 | −17 | −13 | −23 | 13 | −6 | −9 | −39 |
| Income tax | 2 | 7 | 15 | 17 | 32 | 17 | −17 | −9 | 3 | −1 | 2 | 3 | 1 | 0 | 0 | 0 | 0 | 0 |
| Net income | 2 | 14 | 30 | 35 | 70 | 37 | −33 | −46 | −57 | −19 | −0 | −19 | −14 | −23 | 12 | −7 | −10 | −40 |
| Diluted EPS | $0.14 | $1.14 | $2.36 | $2.74 | $5.38 | $2.81 | −$2.51 | −$3.52 | −$4.32 | −$1.45 | −$0.01 | −$1.42 | −$1.05 | −$1.76 | $0.92 | −$0.50 | −$0.76 | −$3.08 |
| Diluted shares (average) | 12m | 12m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 14m | 13m | 13m | 13m | 13m | 13m | 13m |
| EBITDA | 9 | 26 | 51 | 60 | 113 | 72 | −33 | −50 | −49 | −6 | 20 | 6 | 4 | −4 | 28 | 22 | −1 | −31 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35 | 37 | 18 | 25 | 31 | 26 | 20 | 16 |
| Cost of revenue | 20 | 17 | 16 | 17 | 27 | 23 | 19 | 15 |
| Gross profit | 16 | 20 | 2 | 8 | 3 | 3 | 1 | 0 |
| Research and development | 5 | 5 | 5 | 4 | 5 | 4 | 5 | 4 |
| Selling, general and administrative | 7 | 7 | 7 | 8 | 8 | 8 | 7 | 7 |
| Operating income | 1 | 8 | −10 | 0 | −9 | −10 | −11 | −10 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Provision for credit losses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −13 | 8 | −10 | 1 | −9 | −10 | −11 | −10 |
| Income tax | 0 | 0 | −0 | 0 | 0 | 0 | −0 | −0 |
| Net income | −13 | 8 | −10 | 1 | −9 | −10 | −11 | −10 |
| Diluted EPS | −$0.97 | $0.65 | −$0.77 | $0.06 | −$0.71 | −$0.76 | −$0.86 | −$0.75 |
| EBITDA | 13 | 11 | −8 | 3 | −7 | −8 | −9 | −8 |
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