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
$37.2M
Gross Profit
$20.1M
Operating Profit
$7.8M
Net Profit
$8.4M
Gross Margin
54.1%
Operating Margin
21.0%
Net Margin
22.5%
YoY Growth
-25.6%
EPS
$0.65
GEOSPACE TECHNOLOGIES CORP Q1 FY2025 Financial Summary
GEOSPACE TECHNOLOGIES CORP reported revenue of $37.2M (down 25.6% YoY) for Q1 FY2025, with a net profit of $8.4M (down 33.9% YoY) (22.5% margin). Cost of goods sold was $17.1M, operating expenses totaled $12.3M.
Key Financial Metrics
| Total Revenue | $37.2M |
|---|---|
| Net Profit | $8.4M |
| Gross Margin | 54.1% |
| Operating Margin | 21.0% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
GEOSPACE TECHNOLOGIES CORP Q1 FY2025 revenue of $37.2M breaks down across 5 segments, led by Customer One at $18.7M (50.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Customer One | $18.7M | 50.2% |
| Smart Water | $7.3M | 19.6% |
| Intelligent Industrial | $5.6M | 15.0% |
| Rental | $4.6M | 12.3% |
| Other | $1.1M | 2.9% |
GEOSPACE TECHNOLOGIES CORP Revenue by Segment — Quarterly Trend
GEOSPACE TECHNOLOGIES CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Customer One and Smart Water) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Smart Water | $5.8M | $8.5M | — | $9.5M |
| Intelligent Industrial | $5.1M | $6.4M | — | $5.9M |
| Rental | — | — | $1.6M | — |
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 |