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Geospace Technologies Corporation (GEOS) reported a net loss of $9.1 million, or $(0.71) per share, for the fourth quarter of fiscal 2025, down from a $12.9 million loss in the prior-year quarter. Revenues fell 13.3% to $30.7 million compared to $35.4 million a year ago. The company’s stock has decreased by 38.7% since its earnings report, compared to a 1.4% gain in the S&P 500.
Financial Performance Overview
For the full fiscal year 2025, Geospace’s total revenue was $110.8 million, a decrease of 18.3% from $135.6 million in fiscal 2024. The company reported an annual net loss of $9.7 million, or $(0.76) per share. Gross profit for the year declined 37.4% to $32.9 million. The Smart Water segment generated $8.5 million in revenue, down 28.1%, while Energy Solutions saw a 10.9% decline to $15.7 million. Cash reserves at the end of fiscal 2025 were $26.3 million, significantly up from $6.9 million in 2024.
Outlook and Developments
Geospace did not provide specific revenue or earnings guidance for fiscal 2026 but expressed confidence in backlog strength and anticipated revenue recognition from a major contract with Petrobras beginning in Q2 of FY 2026. The company also acquired Geovox Security, enhancing its security offerings.
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