Every 10-Q that Geospace Technologies Corporation (GEOS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GEOS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GEOS filings page.
Geospace Technologies Corporation reported significantly weaker results for the quarter ended June 30, 2026. Total revenue was $15.8 million, down from $24.8 million a year earlier, mainly from lower Hydroconn® Smart Water sales and reduced Energy Solutions activity. Gross profit declined to $0.5 million from $7.5 million, and the company posted a net loss of $9.7 million, or $(0.75) per share, versus earnings of $0.06 per share in the prior-year quarter.
For the first nine months of fiscal 2026, revenue fell to $61.1 million from $80.1 million and the net loss widened to $30.5 million. Operating cash outflow was $27.3 million, reducing cash and cash equivalents to $2.8 million (plus $2.0 million restricted) and stockholders’ equity to $95.7 million. Management highlights approximately $98 million of unsatisfied performance obligations, largely from a long-term PRM contract that generated $11.4 million in deferred contract liabilities, and access to an undrawn $25 million revolving credit facility. A workforce reduction of about 20% is expected to yield roughly $10 million of annualized cash savings.
Geospace Technologies reported weaker results for the quarter ended March 31, 2026, posting a net loss of $11.0 million, or $0.86 per share. Quarterly revenue rose to $19.7 million from $18.0 million, driven by Energy Solutions, including $3.6 million of initial revenue on a permanent reservoir monitoring (PRM) contract.
For the six-month period, revenue fell to $45.3 million from $55.2 million, and net loss widened sharply to $20.8 million from $1.4 million, mainly due to prior-year high-margin ocean-bottom node sales and a steep decline in Smart Water sales. Cash and cash equivalents decreased to $13.4 million from $26.3 million, though the company has no debt and a $25 million undrawn credit facility. Geospace implemented a workforce reduction of about 20%, targeting approximately $10 million in annualized cash savings, and expects around $35 million from its PRM customer by the end of the calendar year.
Geospace Technologies reported a sharp downturn for the quarter ended December 31, 2025. Total revenue fell to $25.6 million from $37.2 million, driven mainly by weaker Energy Solutions sales after a prior-year $17 million ocean-bottom node sale and lower rental fleet utilization.
Gross profit dropped to $2.7 million from $20.1 million, and the company swung from net income of $8.4 million to a net loss of $9.8 million, or a loss of $0.76 per share. Smart Water and Intelligent Industrial segments also saw modest revenue declines.
Cash and cash equivalents decreased to $10.6 million from $26.3 million at the prior fiscal year-end, with operating activities using $15.1 million of cash. Geospace still has no debt and access to a $25 million revolving credit facility, supported by a waiver of its springing interest coverage covenant. The company cites about $93 million of longer-duration contracted performance obligations, largely expected to be realized over the next two years.
Geospace Technologies (GEOS) reported a modest quarterly net income of $0.76 million for the three months ended June 30, 2025, reversing a year-ago quarterly loss of $2.07 million. Quarterly revenue was $24.8 million, down 3.9% from the prior-year quarter, and nine-month revenue fell 20.0% to $80.1 million, driven by lower product and rental activity in the Energy Solutions segment.
Gross profit for the quarter was $7.5 million, down 11.6% year-over-year. Smart Water product sales grew (quarterly product revenue $10.5 million), while Energy Solutions saw a sharp decline in rental utilization and a 42.0% year-to-date revenue decline. The company recognized a $4.6 million gain on sale of property in June 2025. Cash, cash equivalents and short-term investments totaled $25.6 million at June 30, 2025; operating activities used $18.1 million in the nine months. Available borrowing under the revolving credit facility was $14.9 million with no outstanding borrowings.