Geospace Technologies Corp SEC Filings

Geospace Technologies (GEOS) Chief Technical Officer Ronald T. Bushey reported several stock transactions. On 11/20/2025, he acquired 3,600 shares of common stock at a reported price of $0 and disposed of 198 shares at a reported price of $0, leaving him with 3,402 shares. On 11/25/2025, he acquired an additional 4,000 shares at a reported price of $0, bringing his directly held beneficial ownership to 7,402 GEOS common shares.

Geospace Technologies Corporation (GEOS) filed its annual report describing a diversified technology business built around three segments: Smart Water, Energy Solutions and Intelligent Industrial. For the year ended September 30, 2025, total revenue was $110.8 million, with Smart Water contributing $35.8 million, Energy Solutions $50.7 million, Intelligent Industrial $24.0 million and Corporate $0.3 million, compared with total revenue of $135.6 million in 2024.

The company highlights strong growth in Hydroconn smart water connector cables, whose sales volume has increased more than 400% over the last decade, and continued investment in advanced seismic and security technologies, including its Pioneer land wireless sensors, Mariner and Mariner Deep ocean-bottom nodes, and OptoSeis fiber-optic monitoring systems. In August 2025, GEOS acquired Geovox Securities, adding the Heartbeat Detector security technology for about $1.7 million in cash plus up to $3.3 million in contingent earn-outs.

Geospace spent $18.9 million on company-sponsored research and development in 2025, up from $16.3 million in 2024, and employed 519 people as of September 30, 2025. The report details a formal cybersecurity program overseen by the Senior Vice President of Information Technology, quarterly metrics to an internal steering team, annual third-party assessments and board-level risk reviews. Key risks include exposure to oil and gas cycles, foreign operations, customer and supplier concentration, trade tensions, climate-related regulation, high fixed costs and credit agreement covenants.

Geospace Technologies Corporation filed a Form 8-K to report that it has released a press announcement covering operating results for its fourth quarter and fiscal year 2025. The company issued this press release on November 20, 2025, and attached it as Exhibit 99.1. The 8-K clarifies that this earnings-related information is being furnished, not filed, under securities laws, which affects how it is treated for liability and incorporation into other SEC documents.

Dimensional Fund Advisors LP filed an amendment to Schedule 13G reporting ownership of 628,404 shares of Geospace Technologies Corp common stock, representing 4.9% of the class. Dimensional states these shares are held on behalf of various registered investment companies, commingled funds, group trusts and separate accounts (the "Funds") and disclaims beneficial ownership, noting that all securities reported are owned by the Funds. The filing shows 614,158 shares as sole voting power and 628,404 shares as sole dispositive power. The filing certifies the holdings were acquired in the ordinary course of business and not for the purpose of changing control.

Geospace Technologies Corporation entered into a First Amended and Restated Credit Agreement with Woodforest National Bank providing a three-year revolving credit facility with maximum availability of $25.0 million. The facility continues and extends the company’s prior revolving loan and accrues interest at the company’s option of 30‑day Term SOFR + 2.75% or an Alternate Base Rate + 2.75%, with monthly interest payments required.

The agreement is secured by substantially all assets of the borrowers (with certain excluded property) and imposes financial covenants including a minimum consolidated tangible net worth of $85.0 million, minimum liquidity of $10.0 million, a minimum asset coverage ratio of 2.00 to 1.00, and a springing minimum interest coverage ratio of 1.50 to 1.00 tested quarterly under specified conditions.

Disciplined Growth Investors, Inc. filed an amended Schedule 13G reporting ownership of 1,244,769 shares of Geospace Technologies Corp common stock, representing 9.7% of the class. The filer states it has sole voting and sole dispositive power over all reported shares. The filing includes a certification that the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing lists issuer and filer addresses and is signed by the filer's Chief Operating & Compliance Officer.

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.

Geospace Technologies Corporation filed a current report to note that it released its operating results for the third quarter of fiscal year 2025. On August 7, 2025, the company issued a press release detailing these results, which is included as Exhibit 99.1 to the report. The filing clarifies that this earnings information, provided under Item 2.02, is furnished rather than filed, meaning it is not subject to certain liability provisions of the Exchange Act nor automatically incorporated into other securities filings.