GEOSPACE TECHNOLOGIES CORPGEOSEarnings & Financial Report
Geospace Technologies Corporation is a manufacturer of specialized electronics and seismic data acquisition equipment used in the oil and gas industry. Geospace Technologies has been publicly traded on the NASDAQ stock exchange since November 1997.
Revenue
$24.3M
Gross Profit
$5.9M
Operating Profit
$-4.5M
Net Profit
$-4.3M
Gross Margin
24.2%
Operating Margin
-18.6%
Net Margin
-17.8%
YoY Growth
-22.6%
EPS
$-0.32
GEOSPACE TECHNOLOGIES CORP Q2 FY2024 Financial Summary
GEOSPACE TECHNOLOGIES CORP reported revenue of $24.3M (down 22.6% YoY) for Q2 FY2024, with a net profit of $-4.3M (down 193.3% YoY) (-17.8% margin). Cost of goods sold was $18.4M, operating expenses totaled $10.4M.
Key Financial Metrics
| Total Revenue | $24.3M |
|---|---|
| Net Profit | $-4.3M |
| Gross Margin | 24.2% |
| Operating Margin | -18.6% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
GEOSPACE TECHNOLOGIES CORP Q2 FY2024 revenue of $24.3M breaks down across 4 segments, led by Oil And Gas Markets at $10.8M (44.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil And Gas Markets | $10.8M | 44.7% |
| Industrial Product | $9.0M | 37.2% |
| Traditional Exploration Product Revenue | $3.5M | 14.3% |
| Emerging Markets | $1.1M | 4.6% |
GEOSPACE TECHNOLOGIES CORP Annual Revenue by Year
GEOSPACE TECHNOLOGIES CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $110.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $110.8M |
| 2024 | $135.6M |
| 2023 | $124.5M |
| 2022 | $89.3M |
GEOSPACE TECHNOLOGIES CORP Quarterly Revenue & Net Profit History
GEOSPACE TECHNOLOGIES CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $25.6M | -31.3% | $-9.8M | -38.2% |
| Q4 FY2025 | $30.7M | -13.3% | $-9.1M | -29.5% |
| Q3 FY2025 | $24.8M | -3.9% | $760.0K | 3.1% |
| Q2 FY2025 | $18.0M | -25.7% | $-9.8M | -54.4% |
| Q1 FY2025 | $37.2M | -25.6% | $8.4M | 22.5% |
| Q4 FY2024 | $35.4M | +20.9% | $-12.9M | -36.3% |
| Q3 FY2024 | $25.9M | -21.0% | $-2.1M | -8.0% |
| Q2 FY2024 | $24.3M | -22.6% | $-4.3M | -17.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.3M | $25.9M | $35.4M | $37.2M | $18.0M | $24.8M | $30.7M | $25.6M |
| YoY Growth | -22.6% | -21.0% | 20.9% | -25.6% | -25.7% | -3.9% | -13.3% | -31.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $157.7M | $152.0M | $152.2M | $159.9M | $149.0M | $149.8M | $153.0M | $144.6M |
| Liabilities | $15.5M | $14.5M | $17.6M | $17.2M | $15.9M | $15.5M | $27.5M | $28.7M |
| Equity | $142.2M | $137.4M | $134.6M | $142.7M | $133.1M | $134.3M | $125.5M | $115.9M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-8.9M | $-1.3M | $-1.6M | $-11.5M | $-1.9M | $-4.7M | $-4.1M | $-15.1M |