Geospace Technologies Q1 Revenue $25.6M
Reports Q1 revenue $25.6M vs. $37.2M last year. Richard Kelley, President and CEO of Geospace Technologies said, "The past year was not without its challenges many of which are reflected in our first quarter performance. We continue to operate in an environment shaped by economic uncertainty, inflation, tariffs and supply chain challenges. With that said, we remain focused on what we can control: serving our customers, running the business well, and making smart, long-term decisions. Overall, I am encouraged by how our organization performed in this difficult operating environment. We continue to invest in our future, advance our strategic initiatives, and leverage innovative technology to further diversify the business. These efforts position us well to drive sustainable growth and long-term value for our shareholders."
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- Revenue Decline: Geospace Technologies reported Q1 2026 revenue of $25.6 million, a 32% decrease from $37.2 million in the same quarter last year, with a net loss of $9.8 million, highlighting the adverse impact of economic uncertainty and supply chain issues on performance.
- Segment Performance: The Smart Water segment generated $5.8 million in revenue, down from $7.3 million last year, while Energy Solutions revenue fell to $14.6 million from $24.3 million, reflecting weak demand and decreased utilization in key product lines.
- Strategic Shift: Following the acquisition of GeoVox Security, customer interest in the Intelligent Industrial segment has significantly increased, with the new subscription model expected to drive growth in 2026 and beyond, indicating the company's efforts to transition to a sustainable revenue model.
- Future Outlook: Although management did not provide specific revenue or earnings guidance, they emphasized a continued evaluation of opportunities, avoidance of speculative investments, and a focus on long-term shareholder value, reflecting a cautious stance towards future market uncertainties.
- Dismal Earnings Report: Geospace Technologies reported a Q1 GAAP EPS of -$0.76, indicating significant challenges in revenue and profitability compared to the previous year.
- Revenue Decline: The company posted revenue of $25.6 million, a 31.2% year-over-year decrease, reflecting weak market demand and increased competitive pressure in the energy solutions sector.
- Stock Price Reaction: Following the earnings announcement, Geospace Technologies' shares fell by 1.25%, signaling investor concerns about the company's short-term profitability and potential market performance.
- Future Outlook: Despite the current poor financial performance, the company aims to improve margins in energy solutions while leveraging growth in smart water and industrial segments to enhance its financial outlook moving forward.
- Poor Financial Performance: Geospace Technologies reported a $9.8 million loss in its fiscal first quarter, translating to a loss of 76 cents per share, indicating significant pressure on the company's market competitiveness and profitability challenges.
- Revenue Situation: The company generated $25.6 million in revenue during the period, which, despite being a notable figure, was insufficient to cover operational costs, reflecting its difficult position within the industry.
- Market Environment Impact: Geospace faces challenges due to fluctuating demand for seismic instruments and equipment, which may hinder future revenue growth and investor confidence.
- Need for Strategic Adjustment: The current financial situation suggests that Geospace must reassess its market strategies and cost control measures to address ongoing financial pressures and seek to restore profitability.
- Revenue Decline: Geospace Technologies reported Q1 revenue of $25.6 million, a 31.0% decrease from $37.2 million in the same quarter last year, reflecting operational pressures amid economic uncertainty and supply chain challenges.
- Widening Net Loss: The company recorded a net loss of $9.8 million for the quarter, translating to a diluted loss per share of $0.76, compared to a net income of $8.4 million and earnings of $0.65 per share in the prior year, indicating a significant deterioration in profitability.
- Intelligent Industrial Segment Performance: Revenue from the Intelligent Industrial segment totaled $5.1 million, an 8% year-over-year decline primarily due to reduced demand for industrial sensor products, although increased demand for contract manufacturing services partially offset this decline, highlighting market volatility.
- Cash Flow Position: As of December 31, 2025, the company had $10.6 million in cash and cash equivalents and total current assets of $52.2 million, demonstrating its liquidity management capabilities in the current market environment.

- Earnings Release Announcement: Geospace Technologies has announced it will release its Q1 2026 financial results on February 4, 2026, after market close, reflecting the company's commitment to transparent financial communication.
- Conference Call Schedule: The company will hold a conference call on February 5, 2026, at 10:00 a.m. Eastern Time to discuss the earnings details and address investor inquiries, aiming to bolster investor confidence.
- Participation Details: U.S. participants can dial toll-free 833-316-1983, while international participants can call 785-838-9310, ensuring broad investor engagement and information dissemination.
- Replay Availability: For investors unable to attend the live call, a replay will be available for approximately 60 days, further demonstrating the company's commitment to investor relations and information transparency.
- Earnings Release Announcement: Geospace Technologies has announced that it will release its Q1 2026 financial results on February 4, 2026, highlighting the company's commitment to transparency and investor communication.
- Conference Call Schedule: The company will hold a conference call on February 5, 2026, at 10:00 a.m. Eastern Time, which is expected to attract significant attention from investors and analysts, thereby enhancing market confidence.
- Participation Details: U.S. participants can dial toll-free 833-316-1983, while international participants can call 785-838-9310, ensuring convenient and timely information dissemination to boost investor engagement.
- Replay Availability: For those unable to attend the live call, a replay will be available for approximately 60 days, demonstrating the company's ongoing commitment to investor relations and accessibility.








