Mind Technology (MIND) Research & Development (2017 - 2026)
Mind Technology (MIND) posted quarterly Research & Development of $310000.0 for Q2 2026, down 18.42% year-over-year from $380000.0 in Q2 2025, and down 20.31% quarter-over-quarter from $389000.0 in Q1 2026.
Mind Technology (MIND) Research & Development (2017 - 2026) Analysis & Trends
Mind Technology (MIND) has reported Research & Development for 10 consecutive years, with $310000.0 the latest figure, recorded in Q2 2026.
- In Q2 2026, Research & Development fell 18.42% year-over-year to $310000.0; the TTM figure through Apr 2026 stood at $1.5 million (down 17.25% YoY), while the FY2026 annual figure was $1.6 million, down 17.14% from the prior year.
- Research & Development declined to $310000.0 in Q2 2026 per MIND's latest filing, from $389000.0 in the prior quarter.
- Across five years, Research & Development topped out at $1.0 million in Q1 2022 and bottomed at $310000.0 in Q1 2023.
- Historically, Research & Development has averaged $530055.6 across 5 years, with a median of $485500.0 in 2023.
- Annual changes were most pronounced in 2023 — Research & Development slumped 69.87% — and 2024, when it soared 110.97%.
- Mind Technology's Research & Development stood at $412000.0 in 2022, then gained by 23.3% to $508000.0 in 2023, then increased by 10.63% to $562000.0 in 2024, then decreased by 9.96% to $506000.0 in 2025, then slumped by 38.74% to $310000.0 in 2026.
- Business Quant data shows MIND's Research & Development at $310000.0 in Q2 2026, $389000.0 in Q1 2026, and $506000.0 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 303.94 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 320.00 Mn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 216.38 Mn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 90.20 Mn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 76.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 67.50 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 177.10 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 32.39 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | - |
| 10 | Mind Technology | 42.04 Mn | 24.34 Mn | 4.10 Mn | 310,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 310,000.00 |
| 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 |