Geospace Q2 net loss $0.86/share; revenue $19.7M, workforce cut ~20% for $12M annual savings

GEOSPACE TECHNOLOGIES CORP

2026-Q2 EPS reported -$1.62 revenue$45,328,000

Q2 revenue $19.7M vs $18.0M YoY; net loss $11.1M ($0.86/diluted share) vs $9.8M loss ($0.77) YoY.
Six-month revenue $45.3M vs $55.2M; net loss $20.8M ($1.62/diluted share) vs $1.4M loss ($0.11).
Voluntary early retirement and workforce reduction of ~20% to generate ~$12M annualized cost savings; expects ~$1.3M restructuring charges in Q2 and Q3.
Smart Water segment revenue fell 60.6% to $3.7M on Hydroconn inventory normalization; Energy Solutions up 272.1% to $9.6M on PRM contract and Pioneer deliveries.
First revenue from Heartbeat Detector subscription model; cash $13.4M, $25M borrowing availability, no debt.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GEOSPACE TECHNOLOGIES CORP reported second quarter fiscal year 2026 results: revenue $19.7 million, net income Net loss of $11.1 million, EPS $(0.86) per diluted share.

Period: second quarter fiscal year 2026
Revenue: $19.7 million
Net income: Net loss of $11.1 million
EPS: $(0.86) per diluted share
Result: reported results

Exact text from the filing

For the three-months ended March 31, 2026, Geospace reported revenue of $19.7 million compared to revenue of $18.0 million for the comparable year-ago quarter. Net loss for the three-months ended March 31, 2026, was $11.1 million, or $(0.86) per diluted share, compared to net loss of $9.8 million, or $(0.77) per diluted share, for the quarter ended March 31, 2025.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GEOSPACE TECHNOLOGIES CORP reported six-months ended March 31, 2026 results: revenue $45.3 million, net income Net loss of $20.8 million, EPS $(1.62) per diluted share.

Period: six-months ended March 31, 2026
Revenue: $45.3 million
Net income: Net loss of $20.8 million
EPS: $(1.62) per diluted share
Result: reported results

Exact text from the filing

For the six-months ended March 31, 2026, Geospace reported revenue of $45.3 million compared to revenue of $55.2 million for the comparable year-ago period. Net loss for the six-months ended March 31, 2026 was $20.8 million, or $(1.62) per diluted share, compared to net loss of $1.4 million, or $(0.11) per diluted share, for the six-months ended March 31, 2025.

View on SEC.gov

Browse all earnings releases →

GEOSPACE TECHNOLOGIES CORP filing history →

Source: SEC EDGAR

accession 0001437749-26-015666

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.