Mind Technology (MIND) Operating Expenses (2010 - 2026)
Mind Technology (MIND) posted quarterly Operating Expenses of $4.1 million for Q2 2026, up 2.36% year-over-year from $4.0 million in Q2 2025, and up 4.34% quarter-over-quarter from $3.9 million in Q1 2026.
Mind Technology (MIND) Operating Expenses (2010 - 2026) Analysis & Trends
Mind Technology (MIND) has reported Operating Expenses for 17 consecutive years, with $4.1 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 2.36% year-over-year to $4.1 million; the TTM figure through Apr 2026 stood at $15.9 million (up 8.53% YoY), while the FY2026 annual figure was $15.8 million, up 11.71% from the prior year.
- Operating Expenses grew to $4.1 million in Q2 2026 per MIND's latest filing, from $3.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $5.8 million in Q2 2022 and bottomed at $3.3 million in Q3 2024.
- Historically, Operating Expenses has averaged $4.1 million across 5 years, with a median of $3.8 million in 2025.
- Annual changes were most pronounced in 2023 — Operating Expenses declined 29.42% — and 2025, when it advanced 24.4%.
- Mind Technology's Operating Expenses stood at $3.8 million in 2022, then declined by 1.59% to $3.7 million in 2023, then fell by 4.34% to $3.5 million in 2024, then gained by 5.47% to $3.7 million in 2025, then advanced by 9.2% to $4.1 million in 2026.
- Business Quant data shows MIND's Operating Expenses at $4.1 million in Q2 2026, $3.9 million in Q1 2026, and $3.7 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 646.51 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 1.31 Bn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 1.77 Bn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 1.33 Bn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 282.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 485.40 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 542.90 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 120.26 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 298.07 Mn |
| 10 | Mind Technology | 42.04 Mn | 24.34 Mn | 4.10 Mn | 4.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 4.08 Mn |
| 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 |