Geospace Technologies Corporation reported a fiscal year‑end 2025 net loss of $9.7 million, or $(0.76) per diluted share, on total revenue of $110.8 million. The loss widened from the $6.6 million net loss ($0.50 per diluted share) recorded in FY2024, while revenue fell 18.5% from $135.6 million a year earlier.
Revenue decline was driven by a 35% drop in the Energy Solutions segment, which generated $50.7 million in FY2025 compared with $78.8 million in FY2024. In contrast, the Smart Water segment grew 10% to $35.8 million, and the Intelligent Industrial segment saw a modest 4% decline to $24.0 million. The combined effect of a weaker Energy Solutions business and a modestly stronger Smart Water line produced the overall revenue contraction.
The company’s operating expenses rose, partly due to higher product costs in the fourth quarter, which contributed to the widened loss. Management noted that Q4 earnings per share of –$0.71 missed consensus expectations, underscoring the impact of cost inflation and the ongoing transition to a more diversified portfolio. The company’s guidance for the next fiscal year was not disclosed, leaving investors to gauge the trajectory from the current results alone.
Management emphasized that the Smart Water segment remains a key growth engine, citing double‑digit revenue gains for the fourth consecutive year and expanding market share for Hydroconn® connectors and Aquana products. CEO Richard Kelley said, “Our Smart Water segment delivered another strong year, exceeding expectations with double‑digit revenue growth for the fourth sequential fiscal year. While Energy Solutions continues to play a role in our strategy, we will continue to drive growth and profitability through diversification.” The company also highlighted strategic wins in Energy Solutions, including a Permanent Reservoir Monitoring contract with Petrobras and sales of its new Pioneer land node, as well as the acquisition of Geovox Security to bolster recurring revenue in the Intelligent Industrial segment.
Geospace maintains a strong balance sheet with no debt and ample liquidity, positioning it to invest in high‑return verticals while managing cost pressures. The company anticipates higher product costs in FY2026 but expects that disciplined cost management and the continued expansion of its Smart Water and Intelligent Industrial businesses will support profitability over the long term.
The results signal a challenging year for Geospace, with revenue contraction and a widened loss reflecting headwinds in the Energy Solutions market and rising costs. However, the sustained growth in Smart Water and the strategic focus on recurring revenue streams suggest a path toward recovery as the company continues to diversify away from the cyclicality of the oil and gas sector.
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