Geospace Technologies Corporation

Geospace Technologies Corporation reported a net loss of $9.8 million for Q1 2026, with total revenue of $25.6 million and a gross profit of $2.7 million. The company experienced an operating loss of $10.2 million, driven by total operating expenses of $12.9 million, which included selling, general and administrative expenses of $8.3 million and research and development costs of $4.5 million. Cash flow from operations was negative $15.1 million, primarily due to the net loss and changes in working capital. The balance sheet shows total assets of $144.6 million, with cash and cash equivalents of $10.6 million and total liabilities of $28.7 million, resulting in stockholders' equity of $115.9 million. No prior period comparisons are provided in the XBRL data for QoQ analysis.

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