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Private company

ION GEOPHYSICAL CORP

ION GEOPHYSICAL CORP is an American oil and gas field exploration services company.1 It is headquartered in Houston, Texas.1

Last updated Oct 21, 2026.

Overview

  • IndustryOil & Gas Field Exploration Services1
  • HeadquartersHouston, Texas1
  • Incorporated inDE2
  • Business address4203 Yoakum Blvd, Suite 100, Houston, Tx 770062
  • Filer categoryNon-accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

34.0%Gross margin3
-11.9%Operating margin3
-30.3%Net margin3
-29.8%Revenue growth, 20203
$8.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2020

  • Research and development11¢$13.0M
  • Other costs77¢$94.1M
  • Income tax13¢$15.6M

Out of $122.7M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2020

  • Capital spending12¢$1.1M
  • Kept or used elsewhere88¢$8.0M

Out of $9.2M of cash from operations.3

Financial statements

Revenue45673$122.7M in 2020−76% since 2014
0$200.0M$400.0M$600.0M2014: $509.6M$509.6M20142015: $221.5M$221.5M2015−57%2016: $172.8M$172.8M2016−22%2017: $197.6M$197.6M2017+14%2018: $180.0M$180.0M2018−9%2019: $174.7M$174.7M2019−3%2020: $122.7M$122.7M2020−30%
Gross profit45673$41.7M in 2020−33% since 2014
0$20.0M$40.0M$60.0M$80.0M2014: $62.2M$62.2M20142015: $8.0M$8.0M2015−87%2016: $36.0M$36.0M2016+350%2017: $75.6M$75.6M2017+110%2018: $59.6M$59.6M2018−21%2019: $60.0M$60.0M2019+1%2020: $41.7M$41.7M2020−31%
Operating income45673-$14.6M in 2020−88% since 2014
-$150.0M-$100.0M-$50.0M02014: -$117.9M-$117.9M20142015: -$100.6M-$100.6M2015−15%2016: -$43.2M-$43.2M2016−57%2017: -$8.7M-$8.7M2017−80%2018: -$54.3M-$54.3M2018+524%2019: -$24.5M-$24.5M2019−55%2020: -$14.6M-$14.6M2020−40%
Net income45673-$37.2M in 2020−71% since 2014
-$150.0M-$100.0M-$50.0M02014: -$128.3M-$128.3M20142015: -$25.1M-$25.1M2015−80%2016: -$65.1M-$65.1M2016+159%2017: -$30.2M-$30.2M2017−54%2018: -$71.2M-$71.2M2018+135%2019: -$48.2M-$48.2M2019−32%2020: -$37.2M-$37.2M2020−23%
Fiscal year2014201520162017201820192020
Revenue$509.6M4$221.5M5$172.8M6$197.6M7$180.0M3$174.7M3$122.7M3
Cost of revenue$447.3M4$213.5M5$136.8M6$121.9M7$120.4M7$114.7M7
Gross profit$62.2M4$8.0M5$36.0M6$75.6M7$59.6M3$60.0M3$41.7M3
Research and development$41.0M4$26.4M5$17.8M6$16.4M7$18.2M3$19.0M3$13.0M3
Operating income-$117.9M4-$100.6M5-$43.2M6-$8.7M7-$54.3M3-$24.5M3-$14.6M3
Income tax$20.6M4$4.0M5$4.4M6$24.0K7$2.7M3$8.1M3$15.6M3
Net income-$128.3M4-$25.1M5-$65.1M6-$30.2M7-$71.2M3-$48.2M3-$37.2M3
Earnings per share-$11.724-$2.295-$5.716-$2.557-$5.203-$3.413-$2.613
Earnings per share (diluted)-$11.724-$2.295-$5.716-$2.557-$5.203-$3.413-$2.613

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Corporate structure

ION GEOPHYSICAL CORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ION GEOPHYSICAL CORP

  • ION GEOPHYSICAL CORP Houston, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ION GEOPHYSICAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$35.5M3 Dec 31, 2020$32.5M3 Dec 31, 2019+9.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$37.5M3 Dec 31, 2020$33.1M3 Dec 31, 2019+13.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$19.6M3 Dec 31, 2020$23.6M3 Dec 31, 2019−17.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$11.3M3 Dec 31, 2020$12.2M3 Dec 31, 2019−7.5%
Work in process$1.2M3 Dec 31, 2020$2.1M3 Dec 31, 2019−41.4%
Finished goods$4.4M3 Dec 31, 2020$4.9M3 Dec 31, 2019−10.4%

Leadership

Who has led ION GEOPHYSICAL CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert P. Peebler2006–2008
  2. R. Brian Hanson2012–2019
  3. Colin Hulme2014
  4. Christopher Theron Usher2019–2022

Chair

  1. Robert P. Peebler2012–2013

President

  1. Robert P. Peebler2006–2008
  2. Michael K. Lambert2006
  3. Jim Hollis2008–2009
  4. R. Brian Hanson2011–2019
  5. Christopher Theron Usher2019–2022

Chief financial officer

  1. R. Brian Hanson2006–2011
  2. Gregory J. Heinlein2011–2014
  3. Steven Bate2014–2019
  4. Michael L. Morrison2020–2022

Chief operating officer

  1. Jim Hollis2007–2009
  2. Tengbeng Koid2007–2008
  3. Charles J. Ledet2007–2008
  4. R. Brian Hanson2011
  5. Christopher Theron Usher2012–2019
  6. Ken Williamson2012–2021
  7. Steven Bate2014
2010201520202025
Board members and other officers (35)

Former names

  • INPUT OUTPUT INCFeb 14, 1994 to Sep 5, 20072

Timeline

  1. Jul 22, 20228-K Regulation FD disclosure59
  2. Jul 8, 20228-K Executive or director change; Regulation FD disclosure60
  3. May 19, 20228-K Debt or obligation accelerated61
  4. Apr 22, 20228-K Listing notice or transfer62
  5. Apr 13, 20228-K Entered a material agreement; Bankruptcy or receivership; Debt or obligation accelerated63
  6. Apr 5, 20228-K Entered a material agreement; New debt or obligation; Debt or obligation accelerated64
  7. Apr 1, 20228-K Executive or director change65
  8. Mar 9, 20228-K Entered a material agreement; New debt or obligation; Debt or obligation accelerated66
  9. Feb 15, 20228-K Entered a material agreement; New debt or obligation; Debt or obligation accelerated67
  10. Feb 4, 20228-K Listing notice or transfer68
  11. Jan 18, 20228-K Entered a material agreement; Results of operations; New debt or obligation69
  12. Dec 23, 20218-K Listing notice or transfer; Other events70
  13. Sep 4, 2019New chief executive Christopher Theron Usher becomes CEO9
  14. Jan 8, 2014New chief executive Colin Hulme becomes CEO10
  15. Sep 6, 2012New chief executive R. Brian Hanson becomes CEO11
  16. May 23, 2006New chief executive Robert P. Peebler becomes CEO12

Calendar

When it reported results

  1. Jan 18, 2022Reported quarterly or annual results69
  2. Nov 3, 2021Reported quarterly or annual results71
  3. Oct 18, 2021Reported quarterly or annual results72

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

53 filings to the SEC since October 2021: 1 quarterly reports, 17 major events, 26 insider forms, 5 large holders, 4 other. The latest 20:

  1. Nov 14, 2023REVOKED EDGAR
  2. Jul 29, 20224 EDGAR
  3. Jul 22, 20228-K EDGAR
  4. Jul 12, 20224 EDGAR
  5. Jul 12, 20224 EDGAR
  6. Jul 8, 20228-K EDGAR
  7. Jun 3, 202225-NSE EDGAR
  8. May 19, 20228-K EDGAR
  9. May 13, 20224 EDGAR
  10. May 13, 20224 EDGAR
  11. May 13, 20224 EDGAR
  12. May 13, 20224 EDGAR
  13. May 13, 20224 EDGAR
  14. May 13, 20224 EDGAR
  15. May 13, 20224 EDGAR
  16. May 12, 2022RW EDGAR
  17. May 5, 2022SC 13D/A ION GEOPHYSICAL CORPORATION EDGAR
  18. Apr 22, 20228-K EDGAR
  19. Apr 13, 20228-K EDGAR
  20. Apr 8, 20223 BATE FORM 3 EDGAR

The 53 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$6.9M 2020–2020
Money received by yearMoney received by year, 2020–2020: $6.9M in all. PPP loans $6.9M.$0$2M$4M$6M$8M2020 · PPP loans: $6.9M2020
Figures by year
YearPPP loansTotal
2020$6.9M$6.9M

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA78. Matched to this company by name and state.

  1. Apr 8, 2020$6.9M PPP loan (first draw) from PNC Bank, National Association78To ION GEOPHYSICAL CORPORATION, Houston TX; $7.0M forgiven Jun 17, 2021

SEC filer profile

How ION GEOPHYSICAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARION GEOPHYSICAL CORP1
  • CIK0000866609
  • Employer ID (EIN)22-22866461
  • Filer statusNon-accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1382 Oil & Gas Field Exploration Services1
  • Business address4203 Yoakum Blvd, Suite 100, Houston, TX 770061
  • Phone28193333391
  • Shares outstanding29,617,040 as of Nov 1, 202179
  • Public float$26.8M as of Jun 30, 202080
  • On EDGAR sinceFeb 14, 19941
  • Filings1,582 in all: 4 (649), 8-K (333), SC 13G/A (102), 10-Q (77), SC 13G (56), 3 (42), DEF 14A (28), 10-K (25)1
    All 52 form types

    S-8 (21), CORRESP (20), SC 13D/A (18), 10-K/A (17), 4/A (17), UPLOAD (17), 424B3 (14), ARS (11), DEFA14A (11), 10-Q/A (10), 5 (10), S-3/A (8), SD (8), EFFECT (7), S-3 (7), 3/A (6), 8-K/A (6), 424B5 (5), PRE 14A (5), S-3ASR (5), 425 (4), SC 13D (4), 25-NSE (3), D (3), NT 10-K (3), S-4/A (3), SC TO-C (3), 15-12B (2), 8-A12B (2), D/A (2), NT 10-Q (2), S-1 (2), S-1/A (2), S-4 (2), 10-K405 (1), 424B4 (1), 5/A (1), 8-A12B/A (1), CERTNYS (1), DEFR14A (1), POS AM (1), REVOKED (1), RW (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Feb 12, 2021
    Quarterly report (10-Q) Nov 3, 2021
    Proxy statement (DEF 14A) May 14, 2021
    Latest 8-K (8-K) Jul 22, 2022

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