Geospace Technologies (GEOS) AI Stock Analysis

• Market Cap: $118.18M
• Dividend Yield: N/A
• Average Volume (3M): 274.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• Revenue Growth: -18.29%
• EPS Growth: -43.05%
• Country: US
• Employees: 450
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.76
• Shares Outstanding: 12,887,918
• 10 Day Avg. Volume: 186,656
• 30 Day Avg. Volume: 274,213
• PEG Ratio: -0.48
• Price to Book (P/B): 1.93
• Price to Sales (P/S): 2.19
• P/FCF Ratio: -8.03
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 1.09
• Enterprise Value/Gross Profit: 7.02
• Enterprise Value/Ebitda: -6.22
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $10.00 ▼(-10.07% Downside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 02/07/26

The score is primarily held down by weak financial performance—TTM losses, margin compression, and negative operating/free cash flow—alongside bearish technical momentum with the stock trading below key moving averages. These are partially offset by a low-leverage balance sheet and earnings-call-identified forward catalysts (especially the ~$90M PRM contract expected to start contributing in Q3 FY2026), but near-term execution and liquidity/cash burn remain key risks.

Positive Factors

Conservative balance sheet

Very low financial leverage provides durable financial flexibility: minimal debt reduces refinancing and interest risk, enabling the company to fund working capital or absorb timing gaps from multi-quarter contracts without immediate external financing, supporting execution over the next several quarters.

Large multi-quarter PRM contract

A ~$90M PRM contract that recognizes revenue over multiple quarters materially increases near- to medium-term revenue visibility. Goods-heavy, percentage-completion recognition should drive multi-quarter cash and utilization improvements and help stabilize historically lumpy project revenue streams.

GeoVox subscription model

GeoVox adds a recurring-subscription product and an addressable market described as 'thousands', offering structural revenue diversification away from project-driven energy cycles. Early shipments and elevated customer interest point to a durable shift toward predictable, recurring revenue if adoption scales.

Negative Factors

Negative operating/free cash flow

Sustained negative operating and free cash flow creates persistent liquidity pressure and forces reliance on working capital, asset sales, or external financing to support operations. This weak cash generation constrains reinvestment and makes multi-quarter execution riskier absent contract receipts.

Material revenue decline

A ~31% YoY drop in consolidated revenue signals weakened end-market demand and timing issues. Such sizable declines reduce operating leverage, depress utilization of equipment and manufacturing capacity, and can persist if energy and municipal spending remain muted over multiple quarters.

Margin pressure from cost increases

Rising input costs and tariffs that outpace price recovery structurally compress gross margins unless offset by product mix shifts or pricing power. For a company reliant on hardware and project sales, sustained margin pressure will erode profitability and slow the path back to consistent positive cash generation.

Geospace Technologies Business Overview & Revenue Model

Company Description

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets. The Oil and Gas Markets segment offers wireless seismic data acquisition systems and reservoir characterization products and services, as well as traditional seismic exploration products, such as geophones, hydrophones, leader wires, connectors, cables, marine streamer retrieval and steering devices, and other seismic products. The Adjacent Markets segment provides industrial products, including imaging equipment, water meter products, remote shut-off valves and Internet of Things platform, and offshore cables, as well as seismic sensors for vibration monitoring and geotechnical applications, such as mine safety and earthquake detection applications; and electronic pre-press products that employ direct thermal imaging, direct-to-screen printing systems, and digital inkjet printing technologies targeted at the commercial and industrial graphics, textile, and flexographic printing industries. The Emerging Markets segment designs and sells products used for border and perimeter security surveillance, cross-border tunneling detection, and other products targeted at movement monitoring, intrusion detection, and situational awareness. This segment serves customers that include various agencies of the United States government, including the Department of Defense, Department of Energy, Department of Homeland Security, and other agencies. The company operates in Asia, Canada, Europe, the United States, and internationally. Geospace Technologies Corporation was founded in 1980 and is headquartered in Houston, Texas.

How the Company Makes Money

Geospace Technologies generates revenue through the sale of its geophysical equipment, including seismic sensors and data acquisition systems, to customers in the oil and gas sector. Additionally, the company offers software solutions for seismic data processing, which further contributes to its revenue. A significant portion of its earnings is derived from service contracts that involve data acquisition and processing for clients conducting subsurface exploration. The company also engages in partnerships and collaborations with industry players, which can provide additional revenue opportunities and enhance its market presence. Key factors contributing to its earnings include the demand for energy resources, advancements in technology, and the company's ability to innovate and deliver high-quality products and services.

Geospace Technologies Financial Statement Overview

Summary

Operating results and cash flow are the primary weakness: TTM revenue declined (-10.5%), profitability swung to a sizable loss (net margin ~-28%), and cash generation is negative (TTM operating cash flow -$26.2M; TTM free cash flow -$33.5M). The key offset is a very conservatively levered balance sheet (debt-to-equity ~1% TTM), which reduces financial risk but does not fully counter current earnings and cash burn.

Income Statement

Results have weakened materially in the most recent TTM (Trailing-Twelve-Months): revenue declined (-10.5%) and profitability deteriorated to a sizable loss (net margin about -28%, with negative operating profitability as well). This contrasts with FY2023 profitability (positive net margin ~9.8%) and the better gross margin profile seen in FY2023–FY2024, pointing to elevated volatility and a challenging near-term earnings backdrop. Positives include historically solid gross margin capability (mid-to-high 30s/low 40s in FY2023–FY2024), but the current margin compression and swing back to losses drive a below-average score.

Balance Sheet

The balance sheet is a clear strength: debt is minimal (debt-to-equity roughly ~0.8% in FY2025 and ~1.1% in TTM (Trailing-Twelve-Months)), indicating low financial leverage and flexibility. However, returns on equity are currently negative (about -22% TTM and -7.7% in FY2025) due to losses, which limits overall quality despite the conservative capital structure.

Cash Flow

Cash generation is weak and deteriorating: operating cash flow is negative in the latest TTM (Trailing-Twelve-Months) (-$26.2M) and FY2025 (-$22.2M), with free cash flow also deeply negative (TTM -$33.5M; FY2025 -$30.2M). The company did generate positive operating cash flow in FY2023, but the multi-year pattern is inconsistent and currently pressured, suggesting higher funding/consumption risk until profitability and working-capital trends improve.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	99.17M	110.80M	135.60M	124.51M	89.25M	94.86M
Gross Profit	15.44M	32.90M	52.57M	51.69M	18.04M	16.29M
EBITDA	-17.43M	979.00K	8.49M	28.94M	-3.06M	7.30M
Net Income	-27.86M	-9.72M	-6.58M	12.21M	-22.86M	-14.06M
Balance Sheet
Total Assets	144.62M	153.04M	152.19M	153.04M	135.06M	163.93M
Cash, Cash Equivalents and Short-Term Investments	10.58M	26.34M	37.12M	33.72M	17.00M	23.56M
Total Debt	873.00K	974.00K	512.00K	769.00K	1.01M	1.23M
Total Liabilities	28.74M	27.53M	17.57M	20.33M	13.41M	21.47M
Stockholders Equity	115.88M	125.51M	134.62M	132.72M	121.65M	142.46M
Cash Flow
Free Cash Flow	-33.06M	-30.20M	-12.94M	1.67M	-16.00M	-12.48M
Operating Cash Flow	-25.79M	-22.23M	-9.08M	15.56M	-10.04M	-7.17M
Investing Cash Flow	36.02M	42.69M	3.82M	-11.88M	14.15M	-3.32M
Financing Cash Flow	-1.12M	-1.01M	-6.38M	-525.00K	-1.71M	-8.23M

Geospace Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GEOS, the sentiment is Negative. The current price of 11.12 is above the 20-day moving average (MA) of 10.92, below the 50-day MA of 15.62, and below the 200-day MA of 16.01, indicating a bearish trend. The MACD of -2.11 indicates Negative momentum. The RSI at 32.32 is Neutral, neither overbought nor oversold. The STOCH value of 53.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GEOS.

Geospace Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NGS	74 Outperform	$480.89M	25.86	7.15%	0.63%	9.53%	15.48%
NCSM	71 Outperform	$101.23M	8.78	11.89%	―	16.61%	-72.29%
FET	68 Neutral	$660.26M	―	-3.16%	―	-1.29%	-123.25%
OIS	66 Neutral	$782.07M	-6.85	-17.49%	―	-11.02%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SND	64 Neutral	$225.96M	159.69	0.56%	―	18.98%	―
GEOS	47 Neutral	$118.18M	-4.22	-21.55%	―	-18.29%	-43.05%

Geospace Technologies Corporate Events

Geospace Technologies Shareholders Back Board, Auditors, Compensation

At its annual meeting held on February 5, 2026, Geospace Technologies Corporation’s shareholders approved all management proposals, underscoring continued support for the company’s leadership and governance structure. Investors re-elected directors Thomas L. Davis, Richard F. Miles and Walter R. Wheeler to three-year terms expiring in 2029, ratified the appointment of RSM US LLP as independent auditors for the fiscal year ending September 30, 2026, and backed the advisory vote on executive compensation, signaling broad shareholder alignment with the board’s oversight and pay practices.

The most recent analyst rating on (GEOS) stock is a Hold with a $18.50 price target. To see the full list of analyst forecasts on Geospace Technologies stock, see the GEOS Stock Forecast page.