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Side-by-side financial comparison of MIND TECHNOLOGY, INC (MIND) and Xilio Therapeutics, Inc. (XLO). Click either name above to swap in a different company.

Xilio Therapeutics, Inc. is the larger business by last-quarter revenue ($13.7M vs $9.7M, roughly 1.4× MIND TECHNOLOGY, INC). Xilio Therapeutics, Inc. runs the higher net margin — 75.7% vs 0.6%, a 75.1% gap on every dollar of revenue. MIND TECHNOLOGY, INC produced more free cash flow last quarter ($801.0K vs $-2.1M).

Mitcham Industries, Inc. is a company founded in 1987, and is based in Huntsville, Texas. The company markets geophysical and other equipment to seismic data acquisition contractors conducting surveys on land, marsh, and marine areas, both shallow and deep water. There are mainly two segments operating in the company, namely an Equipment Leasing segment and an Equipment Manufacturing segment. In October 2011, the Company opened a new logistics and repair facility in Budapest, Hungary, and thr...

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

MIND vs XLO — Head-to-Head

Bigger by revenue
XLO
XLO
1.4× larger
XLO
$13.7M
$9.7M
MIND
Higher net margin
XLO
XLO
75.1% more per $
XLO
75.7%
0.6%
MIND
More free cash flow
MIND
MIND
$2.9M more FCF
MIND
$801.0K
$-2.1M
XLO

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MIND
MIND
XLO
XLO
Revenue
$9.7M
$13.7M
Net Profit
$62.0K
$10.4M
Gross Margin
46.6%
Operating Margin
8.0%
-86.5%
Net Margin
0.6%
75.7%
Revenue YoY
-20.0%
Net Profit YoY
-95.2%
179.1%
EPS (diluted)
$-3.74

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MIND
MIND
XLO
XLO
Q4 25
$9.7M
$13.7M
Q3 25
$13.6M
$19.1M
Q2 25
$7.9M
$8.1M
Q1 25
$15.0M
$2.9M
Q4 24
$12.1M
Q3 24
$10.0M
Q2 24
$9.7M
Q1 24
$13.4M
Net Profit
MIND
MIND
XLO
XLO
Q4 25
$62.0K
$10.4M
Q3 25
$1.9M
$-16.3M
Q2 25
$-970.0K
$-15.8M
Q1 25
$2.0M
$-13.3M
Q4 24
$1.3M
Q3 24
$798.0K
Q2 24
$954.0K
Q1 24
$1.4M
Gross Margin
MIND
MIND
XLO
XLO
Q4 25
46.6%
Q3 25
50.4%
Q2 25
42.2%
Q1 25
43.5%
Q4 24
44.8%
Q3 24
47.6%
Q2 24
43.6%
Q1 24
46.7%
Operating Margin
MIND
MIND
XLO
XLO
Q4 25
8.0%
-86.5%
Q3 25
19.6%
-10.1%
Q2 25
-8.3%
-177.7%
Q1 25
18.5%
-472.7%
Q4 24
15.5%
Q3 24
14.2%
Q2 24
7.5%
Q1 24
17.3%
Net Margin
MIND
MIND
XLO
XLO
Q4 25
0.6%
75.7%
Q3 25
14.2%
-85.4%
Q2 25
-12.3%
-196.0%
Q1 25
13.5%
-452.7%
Q4 24
10.7%
Q3 24
8.0%
Q2 24
9.9%
Q1 24
10.8%
EPS (diluted)
MIND
MIND
XLO
XLO
Q4 25
$-3.74
Q3 25
$-0.11
Q2 25
$-0.16
Q1 25
$-0.18
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MIND
MIND
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$19.4M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$39.9M
$35.3M
Total Assets
$47.3M
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MIND
MIND
XLO
XLO
Q4 25
$19.4M
$137.5M
Q3 25
$7.8M
$103.8M
Q2 25
$9.2M
$121.6M
Q1 25
$5.3M
$89.1M
Q4 24
$3.5M
Q3 24
$1.9M
Q2 24
$924.0K
Q1 24
$5.3M
Stockholders' Equity
MIND
MIND
XLO
XLO
Q4 25
$39.9M
$35.3M
Q3 25
$28.8M
$-8.1M
Q2 25
$26.6M
$7.1M
Q1 25
$27.3M
$10.7M
Q4 24
$25.2M
Q3 24
$24.5M
Q2 24
$23.6M
Q1 24
$22.6M
Total Assets
MIND
MIND
XLO
XLO
Q4 25
$47.3M
$154.7M
Q3 25
$35.8M
$133.7M
Q2 25
$36.2M
$133.8M
Q1 25
$36.7M
$103.7M
Q4 24
$36.1M
Q3 24
$37.8M
Q2 24
$34.9M
Q1 24
$33.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MIND
MIND
XLO
XLO
Operating Cash FlowLast quarter
$894.0K
$-2.0M
Free Cash FlowOCF − Capex
$801.0K
$-2.1M
FCF MarginFCF / Revenue
8.3%
-15.3%
Capex IntensityCapex / Revenue
1.0%
0.7%
Cash ConversionOCF / Net Profit
14.42×
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$5.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MIND
MIND
XLO
XLO
Q4 25
$894.0K
$-2.0M
Q3 25
$-1.2M
$-17.5M
Q2 25
$4.1M
$-14.5M
Q1 25
$2.1M
$29.0M
Q4 24
$2.3M
Q3 24
$1.1M
Q2 24
$-4.8M
Q1 24
$657.0K
Free Cash Flow
MIND
MIND
XLO
XLO
Q4 25
$801.0K
$-2.1M
Q3 25
$-1.3M
Q2 25
$3.8M
$-14.9M
Q1 25
$1.8M
$29.0M
Q4 24
$2.2M
Q3 24
$978.0K
Q2 24
$-4.8M
Q1 24
$566.0K
FCF Margin
MIND
MIND
XLO
XLO
Q4 25
8.3%
-15.3%
Q3 25
-9.9%
Q2 25
48.5%
-184.0%
Q1 25
12.2%
988.3%
Q4 24
18.3%
Q3 24
9.7%
Q2 24
-49.8%
Q1 24
4.2%
Capex Intensity
MIND
MIND
XLO
XLO
Q4 25
1.0%
0.7%
Q3 25
1.3%
0.0%
Q2 25
3.0%
5.0%
Q1 25
1.5%
0.8%
Q4 24
0.6%
Q3 24
0.8%
Q2 24
0.7%
Q1 24
0.7%
Cash Conversion
MIND
MIND
XLO
XLO
Q4 25
14.42×
-0.19×
Q3 25
-0.60×
Q2 25
Q1 25
1.01×
Q4 24
1.77×
Q3 24
1.33×
Q2 24
-4.98×
Q1 24
0.46×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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