Geospace Technologies (GEOS)
Market Price (6/23/2026): $7.04 | Market Cap: $90.9 MilSector: Energy | Industry: Oil & Gas Equipment & Services
Geospace Technologies (GEOS)
Market Price (6/23/2026): $7.04Market Cap: $90.9 MilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -59% Megatrend and thematic driversMegatrends include US Energy Independence, Energy Transition & Decarbonization, and Water Infrastructure. Themes include US Oilfield Technologies, Show more. | Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -84% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -35% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.0% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -32% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36% High stock price volatilityVol 12M is 123% Key risksGEOS key risks include [1] a precarious financial position marked by widening losses and a short cash runway, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -59% |
| Megatrend and thematic driversMegatrends include US Energy Independence, Energy Transition & Decarbonization, and Water Infrastructure. Themes include US Oilfield Technologies, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -84% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -35% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.0% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -32% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36% |
| High stock price volatilityVol 12M is 123% |
| Key risksGEOS key risks include [1] a precarious financial position marked by widening losses and a short cash runway, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 6/16/2026
Geospace Technologies (GEOS) stock has lost about 25% since 2/28/2026 because of the following key factors:
Geospace Technologies (GEOS) operates on a fiscal calendar that ends on September 30. Since February 28, 2026, the company's stock has experienced a decline, losing approximately 26% by June 12, 2026, from a closing price of about $9.82 on February 28, 2026, to $7.26 on June 12, 2026. This trend can be attributed to several core reasons:
1. Widened Net Loss in Fiscal Q2 2026: Geospace Technologies reported a significant increase in its net loss for fiscal Q2 2026, which ended March 31, 2026. The net loss widened to $11.1 million, or $(0.86) per diluted share, compared to a net loss of $9.8 million, or $(0.77) per diluted share, in fiscal Q2 2025. This occurred despite a 9.4% year-over-year revenue increase to $19.7 million. The increased loss was primarily due to higher operating expenses.
2. Sharp Decline in Smart Water Segment Revenue: A major factor contributing to the company's overall financial underperformance was the substantial decrease in revenue from its Smart Water segment. In fiscal Q2 2026, this segment's revenue plummeted by 60.6% to $3.7 million, down from $9.5 million in fiscal Q2 2025. This decline was largely attributed to reduced demand for its Hydroconn connector products and elevated customer inventory levels.
Show more
Geospace Technologies (GEOS) stock has lost about 25% since 2/28/2026 because of the following key factors:
Geospace Technologies (GEOS) operates on a fiscal calendar that ends on September 30. Since February 28, 2026, the company's stock has experienced a decline, losing approximately 26% by June 12, 2026, from a closing price of about $9.82 on February 28, 2026, to $7.26 on June 12, 2026. This trend can be attributed to several core reasons:
1. Widened Net Loss in Fiscal Q2 2026: Geospace Technologies reported a significant increase in its net loss for fiscal Q2 2026, which ended March 31, 2026. The net loss widened to $11.1 million, or $(0.86) per diluted share, compared to a net loss of $9.8 million, or $(0.77) per diluted share, in fiscal Q2 2025. This occurred despite a 9.4% year-over-year revenue increase to $19.7 million. The increased loss was primarily due to higher operating expenses.
2. Sharp Decline in Smart Water Segment Revenue: A major factor contributing to the company's overall financial underperformance was the substantial decrease in revenue from its Smart Water segment. In fiscal Q2 2026, this segment's revenue plummeted by 60.6% to $3.7 million, down from $9.5 million in fiscal Q2 2025. This decline was largely attributed to reduced demand for its Hydroconn connector products and elevated customer inventory levels.
Show more
Updated on 6/16/2026
Geospace Technologies (GEOS) stock has lost about 25% since 2/28/2026 because of the following key factors:
Geospace Technologies (GEOS) operates on a fiscal calendar that ends on September 30. Since February 28, 2026, the company's stock has experienced a decline, losing approximately 26% by June 12, 2026, from a closing price of about $9.82 on February 28, 2026, to $7.26 on June 12, 2026. This trend can be attributed to several core reasons:
1. Widened Net Loss in Fiscal Q2 2026: Geospace Technologies reported a significant increase in its net loss for fiscal Q2 2026, which ended March 31, 2026. The net loss widened to $11.1 million, or $(0.86) per diluted share, compared to a net loss of $9.8 million, or $(0.77) per diluted share, in fiscal Q2 2025. This occurred despite a 9.4% year-over-year revenue increase to $19.7 million. The increased loss was primarily due to higher operating expenses.
2. Sharp Decline in Smart Water Segment Revenue: A major factor contributing to the company's overall financial underperformance was the substantial decrease in revenue from its Smart Water segment. In fiscal Q2 2026, this segment's revenue plummeted by 60.6% to $3.7 million, down from $9.5 million in fiscal Q2 2025. This decline was largely attributed to reduced demand for its Hydroconn connector products and elevated customer inventory levels.
3. Workforce Reduction and Anticipated Restructuring Charges: The company announced a workforce reduction of approximately 20% and other cost-cutting initiatives, aiming to generate roughly $12 million in annualized cost savings. However, these actions are expected to lead to approximately $1.3 million in restructuring charges during fiscal Q2 and Q3 2026, indicating near-term financial impacts from operational adjustments.
4. Elevated Macroeconomic Uncertainty in the Energy Sector: While the oil and gas sector saw increased activity in fiscal Q1 2026, the overall outlook for the industry remained highly uncertain. Geopolitical tensions, particularly related to the conflict with Iran, contributed to volatility in oil markets, with Brent crude prices fluctuating significantly. Furthermore, world oil demand was forecast to contract by 420 kilobarrels per day (kb/d) year-over-year in 2026. This broader industry environment likely fostered a cautious investor sentiment for companies like Geospace Technologies, despite a strong performance in its Energy Solutions segment during fiscal Q2 2026.
Show less
Geospace Technologies (GEOS) stock has lost about 25% since 2/28/2026 because of the following key factors:
Geospace Technologies (GEOS) operates on a fiscal calendar that ends on September 30. Since February 28, 2026, the company's stock has experienced a decline, losing approximately 26% by June 12, 2026, from a closing price of about $9.82 on February 28, 2026, to $7.26 on June 12, 2026. This trend can be attributed to several core reasons:
1. Widened Net Loss in Fiscal Q2 2026: Geospace Technologies reported a significant increase in its net loss for fiscal Q2 2026, which ended March 31, 2026. The net loss widened to $11.1 million, or $(0.86) per diluted share, compared to a net loss of $9.8 million, or $(0.77) per diluted share, in fiscal Q2 2025. This occurred despite a 9.4% year-over-year revenue increase to $19.7 million. The increased loss was primarily due to higher operating expenses.
2. Sharp Decline in Smart Water Segment Revenue: A major factor contributing to the company's overall financial underperformance was the substantial decrease in revenue from its Smart Water segment. In fiscal Q2 2026, this segment's revenue plummeted by 60.6% to $3.7 million, down from $9.5 million in fiscal Q2 2025. This decline was largely attributed to reduced demand for its Hydroconn connector products and elevated customer inventory levels.
3. Workforce Reduction and Anticipated Restructuring Charges: The company announced a workforce reduction of approximately 20% and other cost-cutting initiatives, aiming to generate roughly $12 million in annualized cost savings. However, these actions are expected to lead to approximately $1.3 million in restructuring charges during fiscal Q2 and Q3 2026, indicating near-term financial impacts from operational adjustments.
4. Elevated Macroeconomic Uncertainty in the Energy Sector: While the oil and gas sector saw increased activity in fiscal Q1 2026, the overall outlook for the industry remained highly uncertain. Geopolitical tensions, particularly related to the conflict with Iran, contributed to volatility in oil markets, with Brent crude prices fluctuating significantly. Furthermore, world oil demand was forecast to contract by 420 kilobarrels per day (kb/d) year-over-year in 2026. This broader industry environment likely fostered a cautious investor sentiment for companies like Geospace Technologies, despite a strong performance in its Energy Solutions segment during fiscal Q2 2026.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -23.8% change in GEOS stock from 2/28/2026 to 6/22/2026 was primarily driven by a -24.7% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.17 | 6.99 | -23.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 99 | 101 | 1.7% |
| P/S Multiple | 1.2 | 0.9 | -24.7% |
| Shares Outstanding (Mil) | 13 | 13 | -0.5% |
| Cumulative Contribution | -23.8% |
Market Drivers
2/28/2026 to 6/22/2026| Return | Correlation | |
|---|---|---|
| GEOS | -23.8% | |
| Market (SPY) | 8.8% | 30.9% |
| Sector (XLE) | -2.7% | 1.7% |
Fundamental Drivers
The -46.9% change in GEOS stock from 11/30/2025 to 6/22/2026 was primarily driven by a -41.3% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.17 | 6.99 | -46.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 111 | 101 | -9.0% |
| P/S Multiple | 1.5 | 0.9 | -41.3% |
| Shares Outstanding (Mil) | 13 | 13 | -0.7% |
| Cumulative Contribution | -46.9% |
Market Drivers
11/30/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| GEOS | -46.9% | |
| Market (SPY) | 9.5% | 31.7% |
| Sector (XLE) | 21.3% | 12.4% |
Fundamental Drivers
The 20.1% change in GEOS stock from 5/31/2025 to 6/22/2026 was primarily driven by a 40.1% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.82 | 6.99 | 20.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 117 | 101 | -13.4% |
| P/S Multiple | 0.6 | 0.9 | 40.1% |
| Shares Outstanding (Mil) | 13 | 13 | -0.9% |
| Cumulative Contribution | 20.1% |
Market Drivers
5/31/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| GEOS | 20.1% | |
| Market (SPY) | 27.7% | 21.3% |
| Sector (XLE) | 36.9% | 11.3% |
Fundamental Drivers
The -15.3% change in GEOS stock from 5/31/2023 to 6/22/2026 was primarily driven by a -10.1% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.25 | 6.99 | -15.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 109 | 101 | -7.5% |
| P/S Multiple | 1.0 | 0.9 | -10.1% |
| Shares Outstanding (Mil) | 13 | 13 | 1.9% |
| Cumulative Contribution | -15.3% |
Market Drivers
5/31/2023 to 6/22/2026| Return | Correlation | |
|---|---|---|
| GEOS | -15.3% | |
| Market (SPY) | 85.1% | 22.4% |
| Sector (XLE) | 55.7% | 19.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GEOS Return | -22% | -37% | 207% | -23% | 69% | -57% | -16% |
| Peers Return | 13% | 25% | 18% | 7% | -1% | -0% | 78% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| GEOS Win Rate | 33% | 42% | 75% | 50% | 42% | 17% | |
| Peers Win Rate | 60% | 50% | 55% | 45% | 53% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GEOS Max Drawdown | -45% | -56% | -24% | -48% | -61% | -69% | |
| Peers Max Drawdown | -28% | -38% | -27% | -23% | -30% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLB, HAL, XYL, ITRI, BMI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/22/2026 (YTD)
How Low Can It Go
| Event | GEOS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.7% | -18.8% |
| % Gain to Breakeven | 58.0% | 23.1% |
| Time to Breakeven | 19 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -13.4% | -7.8% |
| % Gain to Breakeven | 15.5% | 8.5% |
| Time to Breakeven | 8 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.4% | -24.5% |
| % Gain to Breakeven | 73.5% | 32.4% |
| Time to Breakeven | 161 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.5% | -33.7% |
| % Gain to Breakeven | 198.1% | 50.9% |
| Time to Breakeven | 1401 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.0% | -19.2% |
| % Gain to Breakeven | 31.5% | 23.8% |
| Time to Breakeven | 15 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -26.2% | -3.7% |
| % Gain to Breakeven | 35.6% | 3.9% |
| Time to Breakeven | 3088 days | 6 days |
In The Past
Geospace Technologies's stock fell -36.7% during the 2025 US Tariff Shock. Such a loss loss requires a 58.0% gain to breakeven.
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| Event | GEOS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.7% | -18.8% |
| % Gain to Breakeven | 58.0% | 23.1% |
| Time to Breakeven | 19 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.4% | -24.5% |
| % Gain to Breakeven | 73.5% | 32.4% |
| Time to Breakeven | 161 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.5% | -33.7% |
| % Gain to Breakeven | 198.1% | 50.9% |
| Time to Breakeven | 1401 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.0% | -19.2% |
| % Gain to Breakeven | 31.5% | 23.8% |
| Time to Breakeven | 15 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -26.2% | -3.7% |
| % Gain to Breakeven | 35.6% | 3.9% |
| Time to Breakeven | 3088 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -47.3% | -12.2% |
| % Gain to Breakeven | 89.9% | 13.9% |
| Time to Breakeven | 99 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -50.7% | -17.9% |
| % Gain to Breakeven | 102.9% | 21.8% |
| Time to Breakeven | 126 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -87.5% | -53.4% |
| % Gain to Breakeven | 700.2% | 114.4% |
| Time to Breakeven | 630 days | 1085 days |
In The Past
Geospace Technologies's stock fell -36.7% during the 2025 US Tariff Shock. Such a loss loss requires a 58.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Geospace Technologies (GEOS)
Geospace Technologies Corporation (GEOS) designs and manufactures specialized instruments and equipment primarily for the oil and gas industry. Through its Oil and Gas Markets segment, the company offers wireless seismic data acquisition systems and reservoir characterization products and services. These offerings, which also include traditional seismic exploration tools like geophones, hydrophones, and cables, are vital for locating, characterizing, and monitoring hydrocarbon-producing reservoirs globally.
Beyond its core oil and gas focus, Geospace Technologies has diversified its operations across two additional segments. The Adjacent Markets segment provides industrial products such as imaging equipment, water meter products with remote shut-off valves and an Internet of Things platform, and seismic sensors for applications like vibration monitoring, mine safety, and earthquake detection. This segment also produces electronic pre-press products for the commercial, industrial graphics, textile, and flexographic printing industries. The Emerging Markets segment specializes in designing and selling products for border and perimeter security surveillance, cross-border tunneling detection, and general movement monitoring and intrusion detection. This segment primarily serves various agencies of the United States government, including the Departments of Defense, Energy, and Homeland Security.
AI Analysis | Feedback
1. Think of it as a specialized industrial technology company, akin to a niche Siemens or Honeywell, but focused on advanced sensors and data collection systems for critical applications in energy, industrial monitoring, and government security.
2. Consider it the 'Intel inside' for seismic data, providing the essential sensor technology and equipment that helps energy companies locate and monitor underground reservoirs. Beyond that, they apply similar sensing expertise to industrial IoT and government border security.
AI Analysis | Feedback
Geospace Technologies (GEOS) Major Products and Services:
- Wireless Seismic Data Acquisition Systems: Systems used to acquire seismic data in the oil and gas industry.
- Reservoir Characterization Products and Services: Tools and services for understanding hydrocarbon producing reservoirs.
- Traditional Seismic Exploration Products: Includes a range of devices such as geophones, hydrophones, cables, and marine equipment for seismic exploration.
- Industrial Imaging Equipment: Products for various industrial imaging applications.
- Water Metering Products and IoT Solutions: Includes water meter products, remote shut-off valves, and an Internet of Things platform.
- Seismic Sensors for Monitoring: Sensors used for vibration monitoring, mine safety, and earthquake detection applications.
- Electronic Pre-Press Products: Technologies for commercial and industrial graphics, textile, and flexographic printing.
- Border and Perimeter Security Products: Systems for surveillance, cross-border tunneling detection, and intrusion detection for security and situational awareness.
AI Analysis | Feedback
Major Customers of Geospace Technologies (GEOS)
Based on the provided description, Geospace Technologies primarily sells its products and services to other companies and government entities, rather than individuals. While specific customer company names are not provided in the background text for all segments, the company identifies the following major customer types:
-
United States Government Agencies: For its Emerging Markets segment, which designs and sells products for border and perimeter security, cross-border tunneling detection, and other movement monitoring and intrusion detection applications, Geospace Technologies serves various agencies of the United States government. These explicitly named customers include:
- Department of Defense
- Department of Energy
- Department of Homeland Security
- Other unspecified US government agencies
- Oil and Gas Industry Companies: In its Oil and Gas Markets segment, the company's instruments and equipment are used by companies within the oil and gas industry to acquire seismic data and monitor hydrocarbon reservoirs. These typically include seismic contractors, exploration and production companies, and other entities involved in oil and gas exploration and monitoring.
-
Industrial and Commercial Businesses: The Adjacent Markets segment serves a diverse range of industrial and commercial customers with products such as imaging equipment, water meter products, remote shut-off valves, offshore cables, and electronic pre-press products. Specific customer categories include:
- Utility companies (for water meter products, remote shut-off valves, and IoT platforms)
- Commercial and industrial graphics, textile, and flexographic printing industries
- Companies requiring seismic sensors for vibration monitoring and geotechnical applications (e.g., mine safety, earthquake detection)
AI Analysis | Feedback
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Richard J. Kelley, President & Chief Executive Officer
Richard J. Kelley assumed the role of President and Chief Executive Officer of Geospace Technologies on October 1, 2024, following his tenure as Executive Vice President and Chief Operating Officer within the company.
Robert Curda, Executive Vice President & Chief Financial Officer
Robert Curda is responsible for all financial activities at Geospace Technologies, including accounting, financial reporting, planning, analysis, and investor relations. Prior to becoming CFO, he served as the company's Operational Controller for 15 years, where he led significant enhancements and upgrades to its accounting systems. He holds a Bachelor's degree in Business Administration from Texas A&M and is a Certified Public Accountant in Texas.
R. Todd Bushey, Senior Vice President & Chief Technology Officer
R. Todd Bushey serves as the Senior Vice President and Chief Technology Officer for Geospace Technologies.
Gene Gradick, Jr., Chief Revenue Officer
Gene Gradick, Jr. is the Chief Revenue Officer at Geospace Technologies.
David Witt, Senior Vice President of Information Technology
David Witt holds the position of Senior Vice President of Information Technology at Geospace Technologies.
AI Analysis | Feedback
The key risks to Geospace Technologies' business include:
* Reliance on the Volatile Oil and Gas Industry: A primary risk for Geospace Technologies is its significant reliance on the oil and gas industry, where demand for its seismic data acquisition products and services is highly vulnerable to downturns in the broader economy and fluctuations in oil and gas commodity prices.
* Inability to Achieve and Sustain Consistent Profitability: Despite strategic diversification efforts into Adjacent and Emerging Markets, Geospace Technologies has historically struggled to achieve and maintain sustainable profitability, exhibiting volatile earnings and intermittent periods of positive net income. The company has experienced declining revenue and a negative net margin.
* Risks Associated with the Rental Business Model and New Market/Product Development: The company's rental strategy for oil and gas seismic products carries inherent risks such as challenges with equipment recovery, securing rental renewals, technological obsolescence, and potential asset impairment. Furthermore, its expansion into new markets, such as border security, may face difficulties due to a lack of extensive experience and the unpredictable nature of government contracting. New product development initiatives also require substantial investment and may not achieve desired market acceptance, with pricing pressure and tariffs further impacting profitability.
AI Analysis | Feedback
The global energy transition, characterized by a growing shift away from fossil fuels and towards renewable energy sources, represents a clear emerging threat to Geospace Technologies. As the company's largest segment, "Oil and Gas Markets," is focused on providing equipment and services for hydrocarbon exploration and production, a sustained decline in investment and activity within the oil and gas industry due to this transition could significantly reduce demand for Geospace Technologies' core products and services.
AI Analysis | Feedback
Geospace Technologies (symbol: GEOS) operates in diverse markets, providing products and services across the oil and gas, adjacent, and emerging sectors. The addressable markets for its main offerings are outlined below:
Oil and Gas Markets
- Seismic Survey Equipment (including wireless seismic data acquisition systems and traditional seismic exploration products): The global seismic survey equipment market was valued at approximately USD 3.5 billion in 2024 and is projected to grow to USD 5.81 billion by 2033, demonstrating a compound annual growth rate (CAGR) of 5.8% from 2026 to 2033. Other estimates place the global market at USD 1.8 billion in 2025, reaching USD 2.8 billion by 2035 with a CAGR of 4.5%.
- Reservoir Characterization and Analysis Products and Services: The global reservoir analysis market size was valued at USD 10.5 billion in 2024. This market is anticipated to grow to USD 19.5 billion by 2033, with a CAGR of 6.72% between 2025 and 2033. Another report estimated the global reservoir analysis market at USD 9.73 billion in 2025, with a projection to reach USD 15.36 billion by 2034 at a CAGR of 3.45%.
Adjacent Markets
- Water Meter Products (including water meter products, remote shut-off valves, and Internet of Things platform): The global water meter market was valued at USD 22.95 billion in 2024 and is expected to reach USD 33.52 billion by 2033, growing at a CAGR of 4.3% from 2026 to 2033. The global smart water metering market specifically was valued at USD 6.8 billion in 2025 and is projected to reach USD 9.04 billion by 2030 from USD 4.61 billion in 2024, at a CAGR of 11.9% between 2024 and 2030.
- Industrial Imaging Equipment: The global industrial radiography equipment market size was estimated at USD 1.77 billion in 2024 and is projected to reach USD 3.35 billion by 2033, growing at a CAGR of 7.5% from 2025 to 2033. Similarly, the industrial X-ray inspection equipment and imaging software market was valued at USD 0.91 billion in 2025 and is estimated to grow to USD 1.39 billion by 2031.
- Offshore Cables: The global offshore cable market size was recorded at USD 2,478.01 million in 2021 and is projected to reach USD 13,822 million (USD 13.82 billion) by 2033, growing at a CAGR of 15.4% from 2025 to 2033. Separately, the global submarine cables market generated a revenue of USD 18,410.0 million (USD 18.41 billion) in 2023 and is expected to reach USD 26,519.1 million (USD 26.51 billion) by 2030. The offshore wind cable market, a segment of offshore cables, was valued at over USD 3.5 billion in 2024 and is expected to grow to USD 39.9 billion by 2034, at a CAGR of 28.2%.
- Seismic Sensors for Vibration Monitoring and Geotechnical Applications (such as mine safety and earthquake detection): The global vibration monitoring market size was valued at USD 1.93 billion in 2025 and is projected to grow to USD 3.43 billion by 2034, exhibiting a CAGR of 6.70% from 2026 to 2034. Another estimate for the global vibration monitoring market size was USD 2,795.84 million (USD 2.79 billion) in 2024, projected to reach USD 5,192.99 million (USD 5.19 billion) by 2034, with a CAGR of 6.4% from 2025 to 2034. For more specific seismic monitoring equipment, the market was valued at USD 1.8 billion in 2023 and is anticipated to grow at a CAGR of over 5% between 2024 and 2032.
- Electronic Pre-press Products (direct thermal imaging, direct-to-screen printing systems, and digital inkjet printing technologies): The global digital printing market size was estimated at USD 38.07 billion in 2023 and is anticipated to reach USD 57.03 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030. The global digital printing equipment market size was USD 24.512 billion in 2025 and is projected to reach USD 47.0085 billion by 2033, with a CAGR of 8.48% from 2025 to 2033.
Emerging Markets
-
Border and Perimeter Security Surveillance, Cross-border Tunneling Detection, Movement Monitoring, Intrusion Detection, and Situational Awareness:
- Border Security Market: The global border security market size was valued between USD 26.35 billion in 2023 and USD 53.52 billion in 2025. Projections show this market growing to between USD 42.02 billion by 2030 and USD 111.42 billion by 2034.
- Perimeter Security Market: The global perimeter security market size was estimated between USD 55.47 billion in 2022 and USD 82.36 billion in 2025. This market is projected to grow to between USD 114.2 billion by 2029 and USD 189.68 billion by 2035.
- Intrusion Detection Systems: The global intrusion detection system (IDS) market was valued at USD 5.7 billion in 2024 and is estimated to reach USD 11.4 billion by 2034, with a CAGR of 7.3% between 2025 and 2034. For intrusion detection and prevention systems (IDPS), the market size was calculated at USD 7.09 billion in 2025 and is predicted to increase to approximately USD 22.23 billion by 2035, expanding at a CAGR of 12.11%.
- Perimeter Intrusion Detection Systems: The global perimeter intrusion detection systems market was valued at USD 22.76 billion in 2024 and is expected to reach USD 71.68 billion by 2032, at a CAGR of 15.42%.
AI Analysis | Feedback
Geospace Technologies (GEOS) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and product advancements across its diversified segments.
Here are 3-5 expected drivers of future revenue growth:
- Expansion of Smart Water Solutions: The Smart Water segment, featuring Hydroconn universal AMI connectors and Aquana remote shut-off valves and cloud-based IoT platform, is a significant growth driver. The company expects continued market uptake and growth for both Hydroconn and Aquana products. Hydroconn connectors have surpassed 27 million units sold domestically, and their certification for "Build America, Buy America" compliance is anticipated to unlock access to U.S. municipal contracts. Geospace aims to grow its water management solutions both organically and through potential acquisitions, targeting the municipal and multi-family markets.
- New Products and Large Contracts in Energy Solutions: Despite volatility in the broader oil and gas market, specific product introductions and significant contracts within the Energy Solutions segment are expected to contribute to revenue. The new Pioneer ultralight land node is designed to meet increased demand for high-performance seismic technology. Additionally, a multi-year Permanent Reservoir Monitoring (PRM) contract awarded by Petrobras in fiscal year 2025 is estimated to generate substantial cumulative revenue, and discussions with potential clients for future PRM systems are ongoing.
- Growth in the Intelligent Industrial Segment: The Intelligent Industrial segment, which includes industrial sensors and security applications, is projected to deliver "steady predictable" revenue. The acquisition of GeoVox Security is a key growth catalyst, with its new subscription model and reduced product form factor exceeding historical customer interest and engagement levels. This is expected to position the segment for growth in 2026 and beyond. The company also leverages its deep-sensing capabilities for this segment.
- Strategic Diversification and Acquisitions: Geospace Technologies is strategically repositioning itself to diversify revenue streams beyond its traditional oil and gas dependency. This realignment into Smart Water, Energy Solutions, and Intelligent Industrial segments aims for balanced contributions and an ambitious target of over $200 million in annual revenue. The company is actively seeking accretive acquisitions to bolster its top-line revenue, particularly in its Smart Water and Intelligent Industrial segments.
AI Analysis | Feedback
Share Repurchases
- Geospace Technologies completed a stock buy-back program in fiscal year 2025, repurchasing $0.6 million of its common stock.
- The company's repurchase of common stock for the latest twelve months was -$723 thousand.
- Share repurchases reached a 5-year low of -$6.805 million in fiscal year 2021.
Outbound Investments
- Geospace Technologies acquired Quantum Technology Sciences, with goodwill impairment related to this acquisition recorded in fiscal year 2022.
- The company made the OptoSeis acquisition, and changes in contingent consideration related to it were noted in fiscal year 2022.
- Geospace Technologies acquired Geovox, which is expected to increase demand for its Intelligent Industrial products.
Capital Expenditures
- For fiscal year 2023, Geospace Technologies anticipated a capital expenditure budget of $7.3 million, with $6.0 million allocated for additions to its rental equipment.
- The company projected a capital expenditure budget of $13 million for fiscal year 2024, including $9 million for additions to its rental equipment.
- Management anticipates a capital expenditure budget of approximately $5 million for fiscal year 2026, without significant increases to the rental fleet.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Geospace Technologies Earnings Notes | 12/16/2025 | |
| Geospace Technologies Stock 6-Day Losing Spree: Stock Falls 52% | 11/26/2025 | |
| With Geospace Technologies Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 64.86 |
| Mkt Cap | 15.5 |
| Rev LTM | 5,719 |
| Op Inc LTM | 828 |
| FCF LTM | 680 |
| FCF 3Y Avg | 546 |
| CFO LTM | 868 |
| CFO 3Y Avg | 720 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.0% |
| Rev Chg 3Y Avg | 8.1% |
| Rev Chg Q | 1.2% |
| QoQ Delta Rev Chg LTM | 0.3% |
| Op Inc Chg LTM | -9.1% |
| Op Inc Chg 3Y Avg | 14.2% |
| Op Mgn LTM | 13.9% |
| Op Mgn 3Y Avg | 14.3% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 16.0% |
| CFO/Rev 3Y Avg | 14.4% |
| FCF/Rev LTM | 11.5% |
| FCF/Rev 3Y Avg | 10.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Energy Solutions | 51 | 78 | |||
| Smart Water | 36 | 32 | |||
| Intelligent Industrial | 24 | 25 | |||
| Corporate | 0 | 0 | 0 | 0 | |
| Adjacent Markets | 49 | 39 | 32 | ||
| Emerging Markets | 1 | 1 | 10 | ||
| Oil and Gas Markets | 74 | 49 | 52 | ||
| Total | 111 | 136 | 125 | 89 | 95 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Smart Water | 6 | 9 | |||
| Energy Solutions | 0 | 19 | |||
| Intelligent Industrial | -4 | -7 | |||
| Corporate | -13 | -14 | -12 | -12 | -12 |
| Adjacent Markets | 11 | 6 | 6 | ||
| Emerging Markets | -4 | -9 | 5 | ||
| Oil and Gas Markets | 16 | -8 | -16 | ||
| Total | -11 | 7 | 11 | -23 | -17 |
| $ Mil | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|
| Seismic | 58 | 50 | 47 | 51 | 57 |
| Thermal Solutions | 14 | ||||
| Commercial Graphics | 16 | 14 | 13 | 11 | |
| Corporate | 12 | 10 | 4 | 5 | |
| Total | 72 | 78 | 71 | 68 | 73 |
Price Behavior
Price Behavior
| Market Price | $6.99 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 11/21/1997 | |
| Distance from 52W High | -75.4% | |
| 50 Days | 200 Days | |
| DMA Price | $8.59 | $14.91 |
| DMA Trend | down | down |
| Distance from DMA | -18.6% | -53.1% |
| 3M | 1YR | |
| Volatility | 78.1% | 101.4% |
| Downside Capture | 310.40 | 279.19 |
| Upside Capture | 13.94 | 145.80 |
| Correlation (SPY) | 27.6% | 24.5% |
GEOS Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.69 | 1.69 | 1.39 | 2.41 | 2.18 | 1.25 |
| Up Beta | 1.72 | 1.21 | 1.30 | 1.40 | 2.71 | 1.36 |
| Down Beta | 3.16 | 3.15 | 0.87 | 3.24 | 2.99 | 1.66 |
| Up Capture | 92% | -41% | 102% | 207% | 225% | 62% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 18 | 33 | 63 | 128 | 372 |
| Down Capture | 569% | 561% | 200% | 255% | 145% | 102% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 23 | 30 | 61 | 120 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GEOS | |
|---|---|---|---|---|
| GEOS | -19.7% | 123.0% | 0.39 | - |
| Sector ETF (XLE) | 26.8% | 20.9% | 1.04 | 9.6% |
| Equity (SPY) | 26.1% | 12.4% | 1.59 | 24.7% |
| Gold (GLD) | 24.1% | 27.5% | 0.77 | 14.8% |
| Commodities (DBC) | 18.5% | 18.8% | 0.77 | 5.8% |
| Real Estate (VNQ) | 11.8% | 13.8% | 0.57 | 13.6% |
| Bitcoin (BTCUSD) | -40.2% | 42.5% | -1.09 | 29.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GEOS | |
|---|---|---|---|---|
| GEOS | -4.8% | 76.1% | 0.26 | - |
| Sector ETF (XLE) | 18.7% | 26.1% | 0.65 | 20.7% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 18.6% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 12.2% |
| Commodities (DBC) | 7.5% | 19.4% | 0.28 | 15.5% |
| Real Estate (VNQ) | 2.1% | 18.9% | 0.01 | 9.3% |
| Bitcoin (BTCUSD) | 9.4% | 54.1% | 0.37 | 12.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GEOS | |
|---|---|---|---|---|
| GEOS | -9.4% | 69.0% | 0.16 | - |
| Sector ETF (XLE) | 9.2% | 29.6% | 0.35 | 33.6% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 30.9% |
| Gold (GLD) | 12.2% | 16.1% | 0.62 | 10.0% |
| Commodities (DBC) | 6.0% | 18.0% | 0.26 | 22.6% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 22.9% |
| Bitcoin (BTCUSD) | 59.9% | 66.8% | 1.00 | 11.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/10/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -1.2% | -6.7% | -8.1% |
| 2/4/2026 | -41.5% | -39.7% | -36.7% |
| 11/20/2025 | -25.9% | -24.5% | -2.6% |
| 8/8/2025 | -16.3% | -9.6% | -3.4% |
| 5/9/2025 | 2.3% | 2.5% | 14.8% |
| 2/5/2025 | -2.3% | -7.6% | -16.4% |
| 11/21/2024 | -17.3% | -21.1% | -26.5% |
| 8/8/2024 | -0.4% | 13.9% | 16.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 11 |
| # Negative | 14 | 15 | 13 |
| Median Positive | 2.3% | 10.2% | 14.8% |
| Median Negative | -8.2% | -7.8% | -16.4% |
| Max Positive | 10.5% | 22.6% | 55.1% |
| Max Negative | -41.5% | -39.7% | -36.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -1.2% | -6.7% | -8.1% |
| 2/4/2026 | -41.5% | -39.7% | -36.7% |
| 11/20/2025 | -25.9% | -24.5% | -2.6% |
| 8/8/2025 | -16.3% | -9.6% | -3.4% |
| 5/9/2025 | 2.3% | 2.5% | 14.8% |
| 2/5/2025 | -2.3% | -7.6% | -16.4% |
| 11/21/2024 | -17.3% | -21.1% | -26.5% |
| 8/8/2024 | -0.4% | 13.9% | 16.2% |
| 5/9/2024 | -23.4% | -24.7% | -24.6% |
| 2/7/2024 | -9.3% | -23.2% | -23.0% |
| 11/17/2023 | 2.2% | 3.0% | 9.6% |
| 8/10/2023 | 8.8% | 10.2% | 52.7% |
| 5/11/2023 | 4.6% | 17.3% | 10.0% |
| 2/8/2023 | 5.8% | 11.1% | 39.1% |
| 11/18/2022 | 1.1% | 2.6% | -13.5% |
| 8/10/2022 | -8.4% | -7.8% | -1.0% |
| 5/12/2022 | -7.9% | -7.4% | 11.7% |
| 2/2/2022 | -6.9% | -15.9% | -2.4% |
| 11/19/2021 | 0.5% | -1.2% | -18.5% |
| 8/6/2021 | 10.5% | 22.6% | 13.2% |
| 5/7/2021 | -0.4% | 0.3% | 12.4% |
| 2/4/2021 | -0.4% | -1.5% | 20.5% |
| 11/20/2020 | 0.9% | -2.9% | 55.1% |
| 8/7/2020 | 0.2% | -5.7% | -17.3% |
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 11 |
| # Negative | 14 | 15 | 13 |
| Median Positive | 2.3% | 10.2% | 14.8% |
| Median Negative | -8.2% | -7.8% | -16.4% |
| Max Positive | 10.5% | 22.6% | 55.1% |
| Max Negative | -41.5% | -39.7% | -36.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-Q |
| 09/30/2025 | 11/21/2025 | 10-K |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/22/2024 | 10-K |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/17/2023 | 10-K |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 11/18/2022 | 10-K |
| 06/30/2022 | 08/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-Q |
| 09/30/2025 | 11/21/2025 | 10-K |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/22/2024 | 10-K |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/17/2023 | 10-K |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 11/18/2022 | 10-K |
| 06/30/2022 | 08/10/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 02/02/2022 | 10-Q |
| 09/30/2021 | 11/19/2021 | 10-K |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/04/2021 | 10-Q |
| 09/30/2020 | 11/20/2020 | 10-K |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/06/2020 | 10-Q |
| 09/30/2019 | 11/22/2019 | 10-K |
| 06/30/2019 | 08/09/2019 | 10-Q |
Recent Forward Guidance
Updated 6/1/2026Latest: Q2 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Restructuring Charges | 1.30 Mil | ||||||
| 2026 Annualized Cost Savings | 12.00 Mil | ||||||
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/22/2026