Geospace Technologies Corporation filings document operating results, governance votes, capital arrangements and material events for a Nasdaq-listed technology and instrumentation manufacturer. Form 8-K reports include quarterly and annual financial results, material definitive agreements, credit-facility obligations, and exit or disposal cost disclosures tied to organizational cost actions.
Proxy materials and annual-meeting reports describe director elections, auditor ratification, executive-compensation votes and related governance matters. The filing record also includes capital-structure and liquidity covenant disclosure, late-filing notifications for periodic reports, and formal exhibits that support the company’s public reporting obligations.
Disciplined Growth Investors, Inc. reports beneficial ownership of 1,101,426 shares of Geospace Technologies Corp common stock, representing 8.5% of the class as of 03/31/2026. The filing states the fund holds sole voting power and sole dispositive power over all 1,101,426 shares. This amendment to the Schedule 13G/A updates the ownership disclosure and is signed by the filer’s Chief Operating & Compliance Officer on 05/15/2026.
Geospace Technologies reported weaker results for the quarter ended March 31, 2026, posting a net loss of $11.0 million, or $0.86 per share. Quarterly revenue rose to $19.7 million from $18.0 million, driven by Energy Solutions, including $3.6 million of initial revenue on a permanent reservoir monitoring (PRM) contract.
For the six-month period, revenue fell to $45.3 million from $55.2 million, and net loss widened sharply to $20.8 million from $1.4 million, mainly due to prior-year high-margin ocean-bottom node sales and a steep decline in Smart Water sales. Cash and cash equivalents decreased to $13.4 million from $26.3 million, though the company has no debt and a $25 million undrawn credit facility. Geospace implemented a workforce reduction of about 20%, targeting approximately $10 million in annualized cash savings, and expects around $35 million from its PRM customer by the end of the calendar year.
Geospace Technologies reported a wider loss for its second quarter ended March 31, 2026. Quarterly revenue edged up to $19.7 million from $18.0 million, but net loss deepened to $11.1 million, or $(0.86) per diluted share, from a loss of $9.8 million, or $(0.77).
For the first six months of fiscal 2026, revenue fell to $45.3 million from $55.2 million, while net loss expanded sharply to $20.8 million from $1.4 million. Smart Water revenue dropped 60.6% in the quarter as customers worked down elevated Hydroconn inventories, while Energy Solutions quarterly revenue rose 272.1% on Permanent Reservoir Monitoring activity and Pioneer deliveries. Intelligent Industrial revenue grew modestly by 7.1% in the quarter.
The company is cutting costs through a voluntary early retirement program and a workforce reduction of about 20%, targeting roughly $12 million in annualized savings and expecting about $1.3 million in restructuring charges across the second and third quarters. Geospace used $16.7 million of operating cash over six months but ended March 31, 2026 with $13.4 million in cash and $25.0 million of undrawn credit availability.
Geospace Technologies Corp reports that Vanguard Capital Management beneficially owned 658,123 shares of Common Stock, representing 5.10% of the class as of 03/31/2026. The filer reports sole dispositive power over 658,123 shares and sole voting power over 81,091 shares. The filing states the position reflects holdings across Vanguard Capital Management LLC and affiliated business divisions, including securities held by Vanguard funds and managed accounts.
Geospace Technologies Corporation is implementing an organizational change plan that includes a Voluntary Early Retirement program and a Reduction in Force that together will reduce its global workforce by approximately 20%. These actions, alongside other cost-containment measures, are expected to generate about $10 million of annualized cash savings.
In connection with the workforce reduction, Geospace expects to record approximately $0.6 million of termination costs in its second fiscal quarter and about $0.7 million of additional costs in its third fiscal quarter ending June 30, 2026, mainly for employee transition, severance, and benefits.
Geospace Technologies Corp ownership disclosure: The Vanguard Group amended its Schedule 13G to report beneficial ownership of 0 shares (0%) of Common Stock. The amendment notes an internal realignment effective January 12, 2026 under SEC Release No. 34-39538, with certain Vanguard subsidiaries reporting separately.
Disciplined Growth Investors, Inc., a Minnesota-based investment adviser, reported beneficial ownership of Geospace Technologies Corp common stock. The firm holds 1,131,568 shares, representing 8.8% of the outstanding common stock, with sole power to vote and dispose of all these shares.
The shares were acquired and are held in the ordinary course of business, and the firm states they were not acquired to change or influence control of Geospace Technologies. No group or subsidiary relationships are reported in connection with this ownership.
Geospace Technologies reported a sharp downturn for the quarter ended December 31, 2025. Total revenue fell to $25.6 million from $37.2 million, driven mainly by weaker Energy Solutions sales after a prior-year $17 million ocean-bottom node sale and lower rental fleet utilization.
Gross profit dropped to $2.7 million from $20.1 million, and the company swung from net income of $8.4 million to a net loss of $9.8 million, or a loss of $0.76 per share. Smart Water and Intelligent Industrial segments also saw modest revenue declines.
Cash and cash equivalents decreased to $10.6 million from $26.3 million at the prior fiscal year-end, with operating activities using $15.1 million of cash. Geospace still has no debt and access to a $25 million revolving credit facility, supported by a waiver of its springing interest coverage covenant. The company cites about $93 million of longer-duration contracted performance obligations, largely expected to be realized over the next two years.
Geospace Technologies director Walter R. Wheeler reported an acquisition of company shares. On February 9, 2025, he acquired 3,500 shares of Common Stock at a price of $0 per share, likely reflecting an equity award. Following this transaction, he directly holds 172,006 shares of Geospace Technologies common stock.
Geospace Technologies director Miles Richard F reported receiving 3,500 shares of common stock on 02/09/2026 at a stated price of $0 per share. Following this award, he directly holds 48,100 common shares. In addition, 2,000 common shares are held indirectly through his spouse.