Mind Technology (MIND) Operating Expenses (2010 - 2026)
Mind Technology (MIND) reported Operating Expenses of $3.9 million for Q1 2026, up 3.85% year-over-year from $3.8 million in Q1 2025, and up 4.65% quarter-over-quarter from $3.7 million in Q4 2025.
Mind Technology (MIND) Operating Expenses (2010 - 2026) Analysis & Trends
Mind Technology (MIND) has 17 years of Operating Expenses data on file, last reported at $3.9 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $3.9 million, up 3.85% year-over-year; the trailing twelve-month figure through Jan 2026 was $15.8 million (up 11.71% YoY), and the FY2026 annual result was $15.8 million, up 11.71% from the prior year.
- Operating Expenses advanced to $3.9 million in Q1 2026 per MIND's latest filing, from $3.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $5.8 million in Q2 2022 and troughed at $3.3 million in Q3 2024.
- A 5-year average of $4.1 million and a median of $3.8 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses declined 29.42% in 2023, then advanced 24.4% in 2025.
- A 5-year view of Operating Expenses shows it stood at $3.8 million in 2022, then dropped by 1.59% to $3.7 million in 2023, then declined by 4.34% to $3.5 million in 2024, then rose by 5.47% to $3.7 million in 2025, then climbed by 4.65% to $3.9 million in 2026.
- Business Quant data shows MIND's Operating Expenses at $3.9 million in Q1 2026, $3.7 million in Q4 2025, and $4.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | 1.62 Bn |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | 1.35 Bn |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 610.62 Mn |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 1.27 Bn |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 274.00 Mn |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 483.80 Mn |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 502.30 Mn |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 131.07 Mn |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 265.48 Mn |
| 10 | Mind Technology | 48.89 Mn | 29.79 Mn | 3.99 Mn | 3.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 3.91 Mn |
| Oct 31, 2025 | 3.74 Mn |
| Jul 31, 2025 | 4.17 Mn |
| Apr 30, 2025 | 3.99 Mn |
| Jan 31, 2025 | 3.77 Mn |
| Oct 31, 2024 | 3.55 Mn |
| Jul 31, 2024 | 3.35 Mn |
| Apr 30, 2024 | 3.49 Mn |
| Jan 31, 2024 | 3.92 Mn |
| Oct 31, 2023 | 3.71 Mn |
| Jul 31, 2023 | 3.71 Mn |
| Apr 30, 2023 | 4.12 Mn |
| Jan 31, 2023 | 3.66 Mn |
| Oct 31, 2022 | 3.77 Mn |
| Jul 31, 2022 | 5.09 Mn |
| Apr 30, 2022 | 5.77 Mn |
| Jan 31, 2022 | 5.18 Mn |
| Oct 31, 2021 | 5.22 Mn |
| Jul 31, 2021 | 4.82 Mn |
| Apr 30, 2021 | 5.34 Mn |