Growth Metrics

Mind Technology (MIND) Cost of Revenue (2016 - 2026)

Mind Technology (MIND) has disclosed Cost of Revenue for 17 consecutive years, with $5.8 million as the latest value for Q1 2026.

  • For Q1 2026, Cost of Revenue fell 31.66% year-over-year to $5.8 million; the TTM value through Jan 2026 reached $22.3 million, down 13.95%, while the annual FY2026 figure was $22.3 million, 13.95% down from the prior year.
  • Cost of Revenue was $5.8 million for Q1 2026 at Mind Technology, up from $5.2 million in the prior quarter.
  • The five-year high for Cost of Revenue was $8.5 million in Q1 2025, with the low at $2.2 million in Q4 2022.
  • Historically, Cost of Revenue has averaged $5.3 million across 5 years, with a median of $5.3 million in 2024.
  • The largest annual shift saw Cost of Revenue tumbled 57.97% in 2022 before it skyrocketed 145.64% in 2024.
  • Over 5 years, Cost of Revenue stood at $2.2 million in 2022, then grew by 25.05% to $2.7 million in 2023, then skyrocketed by 145.64% to $6.7 million in 2024, then dropped by 22.58% to $5.2 million in 2025, then increased by 12.17% to $5.8 million in 2026.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $5.8 million in Q1 2026, $5.2 million in Q4 2025, and $6.7 million in Q3 2025.