0001437749-26-003977
SEC filingGeospace 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.
Geospace Technologies Corporation reported a net loss of $9.8 million for the first quarter of fiscal year 2026, ending December 31, 2025. Total revenue for the quarter was $25.6 million, with cost of revenue totaling $22.9 million, resulting in a gross profit of $2.7 million. The company incurred significant operating expenses of $12.9 million, comprising selling, general and administrative expenses of $8.3 million and research and development costs of $4.5 million, leading to an operating loss of $10.2 million. Other income of $563K, primarily from interest income of $634K, partially offset the operating loss, resulting in a pre-tax loss of $9.7 million. The company reported a basic and diluted loss per share of $1.00 for the quarter.
The filing does not provide segment breakdowns or geographic revenue mix data. The total revenue of $25.6 million represents the consolidated revenue from all business activities. No information is provided about revenue drivers, product mix, or customer concentration in the available data. The XBRL data shows only aggregate revenue figures without dimensional breakdowns by product, service, or geography.
The company's gross margin was 10.5% for the quarter, calculated from gross profit of $2.7 million on revenue of $25.6 million. Operating margin was negative 39.8%, reflecting the operating loss of $10.2 million relative to revenue. The cost structure shows high operating expenses relative to revenue, with SG&A representing 32.4% of revenue and R&D representing 17.6% of revenue. No prior period margin data is provided for comparison of trends.
Operating activities used $15.1 million in cash, primarily due to the net loss of $9.8 million and changes in working capital, including increases in inventories ($4.0M) and other assets ($3.0M), partially offset by increases in accounts payable ($5.1M). Investing activities used $389K, mainly for purchases of property, plant and equipment ($2.5M), partially offset by proceeds from sale of rental equipment ($2.0M). Financing activities used $305K for tax payments on stock-based compensation. The balance sheet shows total assets of $144.6 million, including current assets of $77.7 million with cash of $10.6 million. Total liabilities are $28.7 million, resulting in a debt-to-equity ratio of 0.25. Stockholders' equity stands at $115.9 million.
The filing does not contain management guidance, forward-looking statements, or specific strategic priorities for future periods. No risk factors or outlook commentary is provided in the available data. Investors should refer to the complete 10-Q filing for any forward-looking information that may be included in the Management's Discussion and Analysis section.