--- title: "Geospace Tech | 10-Q: FY2026 Q1 Revenue: USD 25.59 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/275817237.md" datetime: "2026-02-12T22:22:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275817237.md) - [en](https://longbridge.com/en/news/275817237.md) - [zh-HK](https://longbridge.com/zh-HK/news/275817237.md) --- # Geospace Tech | 10-Q: FY2026 Q1 Revenue: USD 25.59 M Revenue: As of FY2026 Q1, the actual value is USD 25.59 M. EPS: As of FY2026 Q1, the actual value is USD -0.76. EBIT: As of FY2026 Q1, the actual value is USD -10.84 M. ### Consolidated Financial Performance (Three Months Ended December 31, 2025 vs. December 31, 2024) - **Total Revenue**: Total revenue was $25.6 million, a decrease of $11.6 million, or 31.3%, compared to $37.2 million in the prior fiscal year corresponding period. This decrease was primarily driven by the Energy Solutions segment and lower demand for Hydroconn® cable and connector products in the Smart Water segment . - **Gross Profit**: Consolidated gross profit was $2.7 million, an 86.6% decrease from $20.1 million in the prior fiscal year corresponding period, mainly due to decreased revenue in the Energy Solutions segment and a high gross margin on a $17 million sale of ocean bottom nodes in the prior year, alongside increased tariffs on raw materials . - **Operating Expenses**: Consolidated operating expenses increased by $0.6 million, or 5.1%, to $12.9 million from $12.3 million in the prior year . - **Other Income**: Consolidated other income decreased by $0.1 million, or 13.9%, to $0.6 million from $0.7 million in the prior year . - **Net Income (Loss)**: The company reported a net loss of - $9.8 million, compared to a net income of $8.4 million for the same period in the prior fiscal year . ### Segmented Performance (Three Months Ended December 31, 2025 vs. December 31, 2024) #### Smart Water Segment - **Revenue**: Revenue decreased by $1.5 million, or 21.0%, to $5.8 million, from $7.3 million, primarily due to reduced demand for Hydroconn® cable and connector products . - **Operating Income (Loss)**: The segment reported an operating loss of - $0.8 million, compared to an operating income of $0.4 million in the prior period . #### Energy Solutions Segment - **Total Revenue**: Total revenue decreased by $9.6 million, or 39.7%, to $14.6 million, from $24.3 million . - **Product Revenue**: Decreased by $6.3 million, or 31.5%, to $13.6 million, from $19.8 million . - **Rental Revenue**: Decreased by $3.4 million, or 76.1%, to $1.1 million, from $4.5 million, due to lower utilization of the ocean bottom nodes rental fleet . - **Operating Income (Loss)**: The segment reported an operating loss of - $3.4 million, compared to an operating income of $13.3 million in the prior period . #### Intelligent Industrial Segment - **Revenue**: Revenue decreased by $0.5 million, or 8.4%, to $5.1 million, from $5.6 million . - **Operating Loss**: The operating loss decreased by $0.1 million, or 13.5% . #### Corporate Segment - **Rental Revenue**: Increased to $83 thousand from $76 thousand . - **Operating Loss**: The operating loss increased to - $5.2 million from - $4.9 million . ### Liquidity and Capital Resources (As of December 31, 2025) - **Cash and Cash Equivalents**: Cash and cash equivalents stood at $10.6 million . - **Net Cash Used in Operating Activities**: The company used - $15.1 million in operating activities for the three months ended December 31, 2025 . - **Net Cash Used in Investing Activities**: The company used - $0.4 million in investing activities, including - $2.5 million for property additions, partially offset by $2.1 million from the sale of rental equipment . - **Net Cash Used in Financing Activities**: The company used - $0.3 million in financing activities . - **Credit Facility**: Geospace Technologies Corporation (地球空间技术) had no debt outstanding and $25 million in borrowing availability under its revolving credit facility . ### Outlook and Strategy Geospace Technologies Corporation (地球空间技术) anticipates continued growth in its Smart Water segment, particularly for Hydroconn® connector cables, and expects future revenue from Aquana smart water valve and IoT technology products . The company projects fiscal year 2026 cash investments in property, plant and equipment to be approximately $5 million, without anticipating a significant increase to its rental fleet . The current cash and available credit are believed to be sufficient to finance future operating losses and planned capital expenditures through the next twelve months, supported by a $6.8 million installment payment received in February 2026 from a Permanent Reservoir Monitoring (PRM) customer and an expected $9.5 million by month-end . ### Related Stocks - [GEOS.US](https://longbridge.com/en/quote/GEOS.US.md) ## Related News & Research - [Geospace Technologies meldet verspätete Quartalsberichterstattung](https://longbridge.com/en/news/275346469.md) - [Pineapple Financial Reports Fiscal Q2 2026 Financial Results and Provides Digital Asset Treasury Update | PAPL Stock News](https://longbridge.com/en/news/282587469.md) - [SemiLEDs Reports Second Quarter Fiscal Year 2026 Financial Results | LEDS Stock News](https://longbridge.com/en/news/282650581.md) - [BRP suspends FY27 guidance; new US tariffs signal $500M+ profit headwind](https://longbridge.com/en/news/282785317.md) - [TCS makes 25,000 fresher offers in FY27, more hiring depends on demand: CEO](https://longbridge.com/en/news/282436594.md)