Quick Answer
MIND TECHNOLOGY, INC reported R&D Expense of $1.91 million for fiscal year 2025.
MIND TECHNOLOGY, INC R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $1.91M | -10.3% |
| 2024 | $2.13M | +55.4% |
| 2023 | $1.37M | -61.8% |
| 2022 | $3.60M | +19.7% |
| 2021 | $3.00M | +62.3% |
| 2020 | $1.85M | +59.6% |
| 2019 | $1.16M | -22.8% |
| 2018 | $1.50M | +54.2% |
| 2017 | $974.0K | +4.6% |
| 2016 | $931.0K | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| October 31, 2025 | $506.0K | -10.0% | +62.7% |
| July 31, 2025 | $311.0K | -5.2% | -18.2% |
| April 30, 2025 | $380.0K | -17.7% | -32.4% |
| October 31, 2024 | $562.0K | +10.6% | +71.3% |
| July 31, 2024 | $328.0K | -33.5% | -29.0% |
| April 30, 2024 | $462.0K | -3.3% | -9.1% |
| October 31, 2023 | $508.0K | +23.3% | +3.0% |
| July 31, 2023 | $493.0K | -40.8% | +3.1% |
- MIND TECHNOLOGY, INC showed a decrease of -10.3% in R&D Expense compared to the prior fiscal year.
- Over the 2016–2025 period, MIND TECHNOLOGY, INC’s r&d expense has grown by 105.6% (from $931.0 thousand to $1.91 million).
- The most recent figure is from MIND TECHNOLOGY, INC’s fiscal year 2024 report (Form 10-K), filed with the SEC on April 25, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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