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Mind Technology vs Nextnav: revenue, profit, margins and growth compared

Mind Technology brought in $40.9M of revenue in fiscal 2026, Nextnav $4.6M in fiscal 2025. Revenue changed by -12.6% at Mind Technology and -19.3% at Nextnav on the year before, so Mind Technology grew faster. Mind Technology kept 1.8% of its revenue as net profit, Nextnav -4,138.5%. Free cash flow was $1.9M at Mind Technology and -$50.8M at Nextnav.

Side by side, latest fiscal year

MINDNN
Fiscal year endedFY2026 (January 31, 2026)FY2025 (December 31, 2025)
Revenue$40.9M$4.6M
Revenue growth-12.6%-19.3%
Net income$750K-$189.3M
Net margin1.8%-4,138.5%
Free cash flow$1.9M-$50.8M
Free cash flow margin4.7%-1,110.8%
Earnings per share (diluted)$0.09-$1.42
Cash$19.1M$44.8M
Debtn/a$273.6M
Price to earnings34.6n/a
Market value$28.3M$1.4B
Dividend yieldn/an/a
Rank by revenue in sector#447 of 603 · Industrials#529 of 603 · Industrials

Over the years

Revenue
MIND FY2019: $42.9MMIND FY2020: $42.7MMIND FY2021: $21.2MMIND FY2022: $23.1MMIND FY2023: $25MMIND FY2024: $36.5MMIND FY2025: $46.9MMIND FY2026: $40.9MNN FY2021: $569KNN FY2021: $763KNN FY2022: $3.9MNN FY2023: $3.9MNN FY2024: $5.7MNN FY2025: $4.6MFY19FY20FY21FY22FY23FY24FY25FY26
MIND $40.9MNN $4.6M
Net income
MIND FY2019: -$19.8MMIND FY2020: -$11.3MMIND FY2021: -$20.3MMIND FY2022: -$15.1MMIND FY2023: -$8.8MMIND FY2024: $274KMIND FY2025: $5.1MMIND FY2026: $750KNN FY2021: -$137.3MNN FY2021: -$144.7MNN FY2022: -$40.1MNN FY2023: -$71.7MNN FY2024: -$101.9MNN FY2025: -$189.3MFY19FY20FY21FY22FY23FY24FY25FY26
MIND $750KNN -$189.3M
Net margin
MIND FY2019: -46.2%MIND FY2020: -26.4%MIND FY2021: -95.7%MIND FY2022: -65.3%MIND FY2023: -35.3%MIND FY2024: 0.8%MIND FY2025: 10.8%MIND FY2026: 1.8%NN FY2021: -24,136.4%NN FY2021: -18,960.2%NN FY2022: -1,021.8%NN FY2023: -1,857.5%NN FY2024: -1,797.1%NN FY2025: -4,138.5%FY19FY20FY21FY22FY23FY24FY25FY26
MIND 1.8%NN -4,138.5%
Revenue growth
MIND FY2020: -0.6%MIND FY2021: -50.3%MIND FY2022: +8.9%MIND FY2023: +8.2%MIND FY2024: +46.0%MIND FY2025: +28.4%MIND FY2026: -12.6%NN FY2021: +34.1%NN FY2022: +414.5%NN FY2023: -1.6%NN FY2024: +46.8%NN FY2025: -19.3%FY20FY21FY22FY23FY24FY25FY26
MIND -12.6%NN -19.3%
Free cash flow
MIND FY2019: -$6.3MMIND FY2020: -$6.9MMIND FY2021: -$6.5MMIND FY2022: -$18MMIND FY2023: -$3.5MMIND FY2024: -$5.3MMIND FY2025: $214KMIND FY2026: $1.9MNN FY2021: -$34.8MNN FY2021: -$49MNN FY2022: -$40.1MNN FY2023: -$38.2MNN FY2024: -$38.4MNN FY2025: -$50.8MFY19FY20FY21FY22FY23FY24FY25FY26
MIND $1.9MNN -$50.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Mind Technology and Nextnav

Which is bigger by revenue, Mind Technology or Nextnav?

Mind Technology is bigger by revenue: $40.9M in fiscal 2026, against $4.6M for Nextnav in fiscal 2025.

Which keeps more of its revenue as profit, Mind Technology or Nextnav?

Mind Technology had a net margin of 1.8% in fiscal 2026; Nextnav had -4,138.5% in fiscal 2025.

Which grew revenue faster, Mind Technology or Nextnav?

In their latest fiscal years revenue changed by -12.6% at Mind Technology and -19.3% at Nextnav.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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