Mind Technology (MIND) Research & Development (2017 - 2026)
Mind Technology (MIND) reported Research & Development of $389000.0 for Q1 2026, down 30.78% year-over-year from $562000.0 in Q1 2025, and down 23.12% quarter-over-quarter from $506000.0 in Q4 2025.
Mind Technology (MIND) Research & Development (2017 - 2026) Analysis & Trends
Mind Technology (MIND) has 10 years of Research & Development data on file, last reported at $389000.0 in Q1 2026.
- Research & Development for Q1 2026 came in at $389000.0, down 30.78% year-over-year; the trailing twelve-month figure through Jan 2026 was $1.6 million (down 17.14% YoY), and the FY2026 annual result was $1.6 million, down 17.14% from the prior year.
- Research & Development declined to $389000.0 in Q1 2026 per MIND's latest filing, from $506000.0 in the prior quarter.
- Over five years, Research & Development peaked at $1.0 million in Q1 2022 and troughed at $310000.0 in Q1 2023.
- A 5-year average of $543000.0 and a median of $493000.0 in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2024: Research & Development slumped 69.87% in 2023, then soared 110.97% in 2024.
- A 5-year view of Research & Development shows it stood at $412000.0 in 2022, then rose by 23.3% to $508000.0 in 2023, then grew by 10.63% to $562000.0 in 2024, then retreated by 9.96% to $506000.0 in 2025, then declined by 23.12% to $389000.0 in 2026.
- Business Quant data shows MIND's Research & Development at $389000.0 in Q1 2026, $506000.0 in Q4 2025, and $311000.0 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 75.99 Bn | 74.70 Bn | 679.95 Mn | 185.99 Mn |
| 2 | Keysight Technologies | 56.90 Bn | 54.72 Bn | 995.00 Mn | 303.00 Mn |
| 3 | Garmin | 45.32 Bn | 42.62 Bn | 1.04 Bn | 295.82 Mn |
| 4 | Teledyne Technologies | 28.36 Bn | 28.06 Bn | 673.80 Mn | 84.60 Mn |
| 5 | Mks | 21.03 Bn | 20.46 Bn | 507.00 Mn | 81.00 Mn |
| 6 | Fortive | 18.96 Bn | 18.61 Bn | 675.50 Mn | 66.50 Mn |
| 7 | Trimble | 12.56 Bn | 12.32 Bn | 646.30 Mn | 169.50 Mn |
| 8 | Cognex | 10.39 Bn | 10.09 Bn | 190.94 Mn | 37.03 Mn |
| 9 | Esco Technologies | 7.65 Bn | 7.56 Bn | 131.32 Mn | - |
| 10 | Mind Technology | 50.54 Mn | 31.44 Mn | 3.99 Mn | 389,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 389,000.00 |
| Oct 31, 2025 | 506,000.00 |
| Jul 31, 2025 | 311,000.00 |
| Apr 30, 2025 | 380,000.00 |
| Jan 31, 2025 | 562,000.00 |
| Oct 31, 2024 | 562,000.00 |
| Jul 31, 2024 | 328,000.00 |
| Apr 30, 2024 | 462,000.00 |
| Jan 31, 2024 | 654,000.00 |
| Oct 31, 2023 | 508,000.00 |
| Jul 31, 2023 | 493,000.00 |
| Apr 30, 2023 | 478,000.00 |
| Jan 31, 2023 | 310,000.00 |
| Oct 31, 2022 | 412,000.00 |
| Jul 31, 2022 | 833,000.00 |
| Apr 30, 2022 | 1.01 Mn |
| Jan 31, 2022 | 1.03 Mn |
| Oct 31, 2021 | 826,000.00 |
| Jul 31, 2021 | 888,000.00 |
| Apr 30, 2021 | 853,000.00 |