Geospace Technologies Corp ownership disclosure: The Vanguard Group amended its Schedule 13G to report beneficial ownership of 0 shares (0%) of Common Stock. The amendment notes an internal realignment effective January 12, 2026 under SEC Release No. 34-39538, with certain Vanguard subsidiaries reporting separately.
Disciplined Growth Investors, Inc., a Minnesota-based investment adviser, reported beneficial ownership of Geospace Technologies Corp common stock. The firm holds 1,131,568 shares, representing 8.8% of the outstanding common stock, with sole power to vote and dispose of all these shares.
The shares were acquired and are held in the ordinary course of business, and the firm states they were not acquired to change or influence control of Geospace Technologies. No group or subsidiary relationships are reported in connection with this ownership.
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 director Walter R. Wheeler reported an acquisition of company shares. On February 9, 2025, he acquired 3,500 shares of Common Stock at a price of $0 per share, likely reflecting an equity award. Following this transaction, he directly holds 172,006 shares of Geospace Technologies common stock.
Geospace Technologies director Miles Richard F reported receiving 3,500 shares of common stock on 02/09/2026 at a stated price of $0 per share. Following this award, he directly holds 48,100 common shares. In addition, 2,000 common shares are held indirectly through his spouse.
Geospace Technologies director Thomas L. Davis reported receiving 3,500 shares of common stock on February 9, 2026. The shares were acquired at a reported price of $0 per share, which typically reflects a stock award rather than an open-market purchase. Following this grant, Davis beneficially owns 65,454 shares of Geospace Technologies common stock in direct ownership.
Geospace Technologies director acquires additional common shares. Director Edgar R. Giesinger Jr. reported acquiring 3,500 shares of Geospace Technologies Corp. common stock on February 9, 2026, at a stated price of $0 per share. Following this transaction, he directly holds 43,000 common shares of the company.
Geospace Technologies director Margaret Ashworth reported acquiring 3,500 shares of Geospace Technologies Corp. common stock on February 9, 2025. The shares were acquired at a reported price of $0.00 per share, bringing her directly held stake to 34,400 common shares following the transaction.
Geospace Technologies director Stephen C. Jumper reported acquiring additional company stock. On 02/09/2025, he received 3,500 shares of common stock at a price of $0 per share, indicating a grant or award rather than an open-market purchase. After this transaction, he beneficially owned 14,900 shares of Geospace Technologies common stock in direct ownership.