GEOSPACE TECHNOLOGIES CORP
GEOS · Measuring & Controlling Devices, NEC · 12.9M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $5M (gross $6M, SBC $1M)
Grade
D47Seismic/diversified instruments maker in a loss year with sharp revenue decline and cash burn, cushioned by a debt-free balance sheet.
Strengths
- No debt and strong liquidity (current ratio 3.6, quick 2.36)
- Diversification progress: Smart Water now ~half of revenue with growth
- Net loss narrowing year-over-year (+47.8% net income growth off a loss)
Risks
- Loss year with negative operating margin (-10.2%) and negative FCF (-$30M)
- Revenue down 18.3% (9.5th pct) on volatile Energy Solutions segment
- Cash runway ~3.5 quarters (35.8th pct) and oil-price/geopolitical exposure
Notable findings
- No interest coverageInterest coverage -66.77 (cannot cover interest)
- Net lossNet loss (net margin -8.8%)
- Cash burnNegative free cash flow (-30.2M)
- Customer concentration~37% of revenue from one customer/distributor — Based on customer billing data, revenue to customers outside the United States accounted for approximately 37% of our revenue during fiscal year 2025; however, we believe the percentage of revenue out
- Revenue declineRevenue -22.8% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
29.7%
Operating margin
-10.2%
Net margin
-8.8%
Return on equity
-7.7%
Return on assets
-6.4%
ROIC
-7.1%
Revenue growth (QoQ)
-22.8%
Debt / equity
0.0×
Interest coverage
-66.8×
Current ratio
3.6×
Free cash flow
-$30M
EBITDA
-$1M
Tangible book value
$119M
Cash & investments
$26M
Cash runway
4q
Stock comp / revenue
1.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-02-09 | Giesinger Edgar R. JR. | Grant | 3.5K | — |
| 2026-02-09 | DAVIS THOMAS L | Grant | 3.5K | — |
| 2026-02-09 | Miles Richard F | Grant | 3.5K | — |
| 2025-12-05 | Kelley Richard James | Tax withheld | 275 | — |
| 2025-12-05 | Curda Robert L. | Tax withheld | 165 | — |
| 2025-12-02 | Bushey Ronald Todd | Tax withheld | 275 | — |
| 2025-11-25 | Bushey Ronald Todd | Grant | 4.0K | — |
| 2025-11-25 | Bushey Ronald Todd | Grant | 4.0K | — |
| 2025-11-25 | Curda Robert L. | Grant | 4.0K | — |
| 2025-11-25 | Kelley Richard James | Grant | 8.0K | — |
| 2025-11-20 | Curda Robert L. | Tax withheld | 198 | — |
| 2025-11-20 | Bushey Ronald Todd | Tax withheld | 198 | — |
| 2025-11-20 | Bushey Ronald Todd | Grant | 3.6K | — |
| 2025-11-20 | Bushey Ronald Todd | Tax withheld | 198 | — |
| 2025-11-20 | Kelley Richard James | Grant | 4.5K | — |
| 2025-11-20 | Kelley Richard James | Tax withheld | 298 | — |
| 2025-11-20 | Curda Robert L. | Grant | 3.6K | — |
| 2025-11-20 | Bushey Ronald Todd | Grant | 3.6K | — |
| 2025-02-09 | Wheeler Walter R. | Grant | 3.5K | — |
| 2025-02-09 | Ashworth Margaret | Grant | 3.5K | — |
| 2025-02-09 | JUMPER STEPHEN C | Grant | 3.5K | — |
| 2025-02-06 | JUMPER STEPHEN C | Grant | 7.2K | — |
| 2025-02-06 | Ashworth Margaret | Grant | 7.2K | — |
| 2025-02-06 | Giesinger Edgar R. JR. | Grant | 7.2K | — |
| 2025-02-06 | DAVIS THOMAS L | Grant | 7.2K | — |
| 2025-02-06 | Miles Richard F | Grant | 7.2K | — |
| 2025-02-06 | Wheeler Walter R. | Grant | 7.2K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-08 | 2026-03-31 | 0001437749-26-015836 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001437749-26-015666 ↗ |
| 8-K | 2026-04-06 | 2026-04-02 | 0001437749-26-011402 ↗ |
| 10-Q | 2026-02-12 | 2025-12-31 | 0001437749-26-003977 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001437749-26-003153 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001437749-26-003016 ↗ |
| 10-K | 2025-11-21 | 2025-09-30 | 0001437749-25-036009 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0001437749-25-035875 ↗ |
| 8-K | 2025-09-04 | 2025-08-29 | 0001001115-25-000003 ↗ |
| 8-K | 2025-08-08 | 2025-08-07 | 0001437749-25-025555 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001437749-25-025683 ↗ |
| 10-Q | 2025-05-09 | 2025-03-31 | 0001437749-25-015711 ↗ |