Private company

ION GEOPHYSICAL CORP

American oil and gas field exploration services company. Summary from the record

Last updated Oct 19, 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

Other costsIncome tax

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 spendingKept or used elsewhere

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

Gross profit⁴⁵⁶⁷³$41.7M in 2020−33% since 2014

Operating income⁴⁵⁶⁷³-$14.6M in 2020−88% since 2014

Net income⁴⁵⁶⁷³-$37.2M in 2020−71% since 2014

Fiscal year	2014	2015	2016	2017	2018	2019	2020
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

Total assets⁸⁴⁵⁶⁷³$193.6M in 2020−69% since 2014

Total liabilities⁸⁴⁵⁶⁷³$264.7M in 2020−45% since 2014

Shareholders’ equity⁸⁴⁵⁶⁷³-$72.7M in 2020

Cash⁵⁶⁷³$37.5M in 2020−78% since 2014

Long-term debt⁴⁵⁶⁷$121.5M in 2019−26% since 2016

Fiscal year	2014	2015	2016	2017	2018	2019	2020
Cash	$173.6M⁵	$84.9M⁵	$52.7M⁶	$52.1M⁷	$33.6M³	$33.1M³	$37.5M³
Current assets	$375.4M⁸	$196.8M⁴	$111.6M⁵	$131.0M⁶	$125.6M⁷	$92.6M³	$75.2M³
Total assets	$617.3M⁸	$435.1M⁴	$313.2M⁵	$301.1M⁶	$292.6M⁷	$233.2M³	$193.6M³
Current liabilities	$153.3M⁸	$103.6M⁴	$95.1M⁵	$139.6M⁶	$117.7M⁷	$116.2M³	$226.1M³
Long-term debt			$163.9M⁴	$160.7M⁵	$124.7M⁶	$121.5M⁷
Total liabilities	$480.0M⁸	$323.0M⁴	$259.8M⁵	$270.3M⁶	$284.7M⁷	$267.8M³	$264.7M³
Shareholders’ equity	$135.6M⁸	$112.0M⁴	$52.9M⁵	$29.6M⁶	$6.2M⁷	-$36.8M³	-$72.7M³
Shares outstanding	11.0M shares⁸	10.7M shares⁴	11.8M shares⁵	12.0M shares⁶	14.0M shares⁷	14.2M shares³	14.3M shares³

Cash from operations⁴⁵⁶⁷³$9.2M in 2020−93% since 2014

Capital spending⁴⁵⁶⁷³$1.1M in 2020−86% since 2014

Free cash flow⁴⁵⁶⁷³$8.0M in 2020−93% since 2014

Share buybacks⁴⁵⁶$0 in 2018

Fiscal year	2014	2015	2016	2017	2018	2019	2020
Cash from operations	$129.8M⁴	-$16.5M⁵	$993.0K⁶	$27.6M⁷	$7.1M³	$34.1M³	$9.2M³
Capital spending	$8.3M⁴	$19.2M⁵	$1.5M⁶	$1.1M⁷	$1.5M³	$2.4M³	$1.1M³
Free cash flow	$121.5M	-$35.8M	-$465.0K	$26.5M	$5.6M	$31.7M	$8.0M
Share buybacks	$0⁴	$2.0M⁵	$964.0K⁶	$0⁶	$0⁶

Compare ION GEOPHYSICAL CORP with another company

Leadership

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

Chief executive officerChristopher Theron Usher Sep 4, 2019 to May 13, 2022⁹
Chief executive officerColin Hulme Jan 8, 2014 to Jan 8, 2014¹⁰
Chief executive officerR. Brian Hanson Sep 6, 2012 to Jun 4, 2019¹¹
Chief executive officerRobert P. Peebler May 23, 2006 to Nov 13, 2008¹²
ChairRobert P. Peebler Jun 25, 2012 to Jan 24, 2013¹³
PresidentChristopher Theron Usher Sep 4, 2019 to May 13, 2022⁹
PresidentR. Brian Hanson Sep 6, 2011 to Jun 4, 2019¹⁴
PresidentJim Hollis Dec 3, 2008 to Dec 2, 2009¹⁵
PresidentRobert P. Peebler May 23, 2006 to Nov 13, 2008¹²
PresidentMichael K. Lambert May 31, 2006 to Nov 16, 2006¹⁶
Chief financial officerMichael L. Morrison Feb 7, 2020 to May 13, 2022¹⁷
Chief financial officerSteven Bate Dec 3, 2014 to Mar 5, 2019¹⁸
Chief financial officerGregory J. Heinlein Dec 2, 2011 to Nov 19, 2014¹⁹
Chief financial officerR. Brian Hanson May 22, 2006 to Sep 6, 2011²⁰
Chief operating officerSteven Bate Mar 4, 2014 to Jun 3, 2014²¹
Chief operating officerChristopher Theron Usher Dec 4, 2012 to Mar 5, 2019²²
Chief operating officerKen Williamson Dec 4, 2012 to Jan 5, 2021²³
Chief operating officerR. Brian Hanson Sep 6, 2011 to Dec 5, 2011¹⁴
Chief operating officerJim Hollis Jan 3, 2007 to Dec 2, 2009²⁴
Chief operating officerTengbeng Koid Oct 1, 2007 to Sep 4, 2008²⁵
Chief operating officerCharles J. Ledet Dec 4, 2007 to Sep 4, 2008²⁶

Board members and other officers (35)

EVP, Operations OptimizationSheila M. Rodermund Mar 2, 2021 to Jul 12, 2022²⁷
EVP, Operations OptimizationDale J. Lambert Jan 10, 2020 to Jul 12, 2022²⁸
EVP, Gen Coun & Corp SecyMatthew R. Powers Dec 5, 2017 to May 13, 2022²⁹
EVP & Chief Innovation OffChristopher Theron Usher Mar 3, 2015 to Mar 3, 2015³⁰
SVP, Ocean Bottom ServicesColin Hulme Mar 4, 2014 to Jun 1, 2018³¹
SVP-Gen Counsel & Corp Sec'yJamey S. Seely Oct 14, 2014 to Aug 14, 2017³²
VP & Corp ControllerScott Schwausch May 21, 2013 to Jul 29, 2022³³
SVP Systems DivisionSteven Bate Jun 4, 2013 to Apr 8, 2022³⁴
SVP, ISSKen Williamson Dec 23, 2010 to May 13, 2022³⁵
SVP, GXT ImagingNikolaos Bernitsas Dec 23, 2010 to Dec 4, 2012³⁶
SVP, Tax and TreasurerRobert Davis Maxey Aug 12, 2008 to Dec 3, 2008³⁷
Chief Exec OfficerRobert P. Peebler Dec 3, 2008 to Mar 5, 2012³⁸
EVP-Global Bus DevTengbeng Koid Dec 3, 2008 to Sep 2, 2009³⁹
Vice PresidentChris Friedemann May 18, 2006 to Dec 3, 2010⁴⁰
ControllerMichael L. Morrison Aug 3, 2006 to Jun 4, 2013⁴¹
VP-Gen Counsel & Corp Sec'yDavid L. Roland Sep 5, 2006 to Sep 2, 2014⁴²
Board memberShaohua Zhang Feb 26, 2021 to Mar 3, 2022⁴³
Board memberGary L. Pittman Jul 6, 2021 to Mar 3, 2022⁴⁴
Board memberMark J. Doran Jul 6, 2021 to Mar 3, 2022⁴⁵
Board memberTina L. Val Jun 14, 2019 to Mar 3, 2021⁴⁶
Board memberChristopher Theron Usher Sep 4, 2019 to May 13, 2022⁹
Board memberHuasheng Zheng Apr 20, 2018 to Mar 3, 2020⁴⁷
Board memberR. Brian Hanson Sep 6, 2012 to Jun 4, 2019¹¹
Board memberHuimin Hao Jan 4, 2011 to Mar 2, 2018⁴⁸
Board memberGuo Yueliang Apr 5, 2010 to Dec 3, 2010⁴⁹
Board memberMichael Jennings Dec 7, 2010 to Mar 2, 2018⁵⁰
Board memberNicholas G. Vlahakis Dec 11, 2008 to Dec 3, 2010⁵¹
Board memberJames M. Lapeyre Jr. Jan 6, 2006 to Mar 3, 2022⁵²
Board memberBruce S. Appelbaum May 17, 2006 to Dec 1, 2010⁵³
Board memberRobert P. Peebler May 23, 2006 to Mar 5, 2012¹²
Board memberFranklin Myers Oct 16, 2006 to Mar 5, 2019⁵⁴
Board memberJohn N. Seitz Dec 5, 2006 to Mar 3, 2022⁵⁵
Board memberS. James Nelson Dec 5, 2006 to Mar 3, 2022⁵⁶
Board memberTheodore H. Elliott Jr. Dec 5, 2006 to Dec 14, 2010⁵⁷
General counselMatthew R. Powers Sep 13, 2017 to Sep 13, 2017⁵⁸

Former names

INPUT OUTPUT INCFeb 14, 1994 to Sep 5, 2007²

Timeline

Sep 4, 2019New chief executive Christopher Theron Usher becomes CEO⁹
Jan 8, 2014New chief executive Colin Hulme becomes CEO¹⁰
Sep 6, 2012New chief executive R. Brian Hanson becomes CEO¹¹
May 23, 2006New chief executive Robert P. Peebler becomes CEO¹²

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:

Nov 14, 2023REVOKED EDGAR
Jul 29, 20224 EDGAR
Jul 22, 20228-K EDGAR
Jul 12, 20224 EDGAR
Jul 12, 20224 EDGAR
Jul 8, 20228-K EDGAR
Jun 3, 202225-NSE EDGAR
May 19, 20228-K EDGAR
May 13, 20224 EDGAR
May 13, 20224 EDGAR
May 13, 20224 EDGAR
May 13, 20224 EDGAR
May 13, 20224 EDGAR
May 13, 20224 EDGAR
May 13, 20224 EDGAR
May 12, 2022RW EDGAR
May 5, 2022SC 13D/A ION GEOPHYSICAL CORPORATION EDGAR
Apr 22, 20228-K EDGAR
Apr 13, 20228-K EDGAR
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.

Gates Capital ManagementSC 13D/A, 1 filing May 5, 2022⁵⁹
Footprints Asset Management & ResearchSC 13G, 1 filing Feb 14, 2022⁶⁰
RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 1 filing Feb 10, 2022⁶¹
Empery Asset Management, LPSC 13G/A, 1 filing Jan 13, 2022⁶²
SABBY MANAGEMENT, LLCSC 13G/A, 1 filing Jan 4, 2022⁶³

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARION GEOPHYSICAL CORP filings on SEC EDGAR
2
SEC EDGARION GEOPHYSICAL CORP filings on SEC EDGAR
3
SEC EDGARION GEOPHYSICAL CORP 10-K for fiscal 2020
4
SEC EDGARION GEOPHYSICAL CORP 10-K for fiscal 2014
5
SEC EDGARION GEOPHYSICAL CORP 10-K for fiscal 2015
6
SEC EDGARION GEOPHYSICAL CORP 10-K for fiscal 2016
7
SEC EDGARION GEOPHYSICAL CORP 10-K for fiscal 2017
8
SEC EDGARION GEOPHYSICAL CORP 10-K for fiscal 2014
9
SEC EDGARChristopher Theron Usher, Chief executive officer
10
SEC EDGARColin Hulme, Chief executive officer
11
SEC EDGARR. Brian Hanson, Chief executive officer
12
SEC EDGARRobert P. Peebler, Chief executive officer
13
SEC EDGARRobert P. Peebler, Chair
14
SEC EDGARR. Brian Hanson, President
15
SEC EDGARJim Hollis, President
16
SEC EDGARMichael K. Lambert, President
17
SEC EDGARMichael L. Morrison, Chief financial officer
18
SEC EDGARSteven Bate, Chief financial officer
19
SEC EDGARGregory J. Heinlein, Chief financial officer
20
SEC EDGARR. Brian Hanson, Chief financial officer
21
SEC EDGARSteven Bate, Chief operating officer
22
SEC EDGARChristopher Theron Usher, Chief operating officer
23
SEC EDGARKen Williamson, Chief operating officer
24
SEC EDGARJim Hollis, Chief operating officer
25
SEC EDGARTengbeng Koid, Chief operating officer
26
SEC EDGARCharles J. Ledet, Chief operating officer
27
SEC EDGARSheila M. Rodermund, EVP, Operations Optimization
28
SEC EDGARDale J. Lambert, EVP, Operations Optimization
29
SEC EDGARMatthew R. Powers, EVP, Gen Coun & Corp Secy
30
SEC EDGARChristopher Theron Usher, EVP & Chief Innovation Off
31
SEC EDGARColin Hulme, SVP, Ocean Bottom Services
32
SEC EDGARJamey S. Seely, SVP-Gen Counsel & Corp Sec'y
33
SEC EDGARScott Schwausch, VP & Corp Controller
34
SEC EDGARSteven Bate, SVP Systems Division
35
SEC EDGARKen Williamson, SVP, ISS
36
SEC EDGARNikolaos Bernitsas, SVP, GXT Imaging
37
SEC EDGARRobert Davis Maxey, SVP, Tax and Treasurer
38
SEC EDGARRobert P. Peebler, Chief Exec Officer
39
SEC EDGARTengbeng Koid, EVP-Global Bus Dev
40
SEC EDGARChris Friedemann, Vice President
41
SEC EDGARMichael L. Morrison, Controller
42
SEC EDGARDavid L. Roland, VP-Gen Counsel & Corp Sec'y
43
SEC EDGARShaohua Zhang, Board member
44
SEC EDGARGary L. Pittman, Board member
45
SEC EDGARMark J. Doran, Board member
46
SEC EDGARTina L. Val, Board member
47
SEC EDGARHuasheng Zheng, Board member
48
SEC EDGARHuimin Hao, Board member
49
SEC EDGARGuo Yueliang, Board member
50
SEC EDGARMichael Jennings, Board member
51
SEC EDGARNicholas G. Vlahakis, Board member
52
SEC EDGARJames M. Lapeyre Jr., Board member
53
SEC EDGARBruce S. Appelbaum, Board member
54
SEC EDGARFranklin Myers, Board member
55
SEC EDGARJohn N. Seitz, Board member
56
SEC EDGARS. James Nelson, Board member
57
SEC EDGARTheodore H. Elliott Jr., Board member
58
SEC EDGARMatthew R. Powers, General counsel
59
SEC EDGARGates Capital Management SC 13D/A on ION GEOPHYSICAL CORP
60
SEC EDGARFootprints Asset Management & Research SC 13G on ION GEOPHYSICAL CORP
61
SEC EDGARRENAISSANCE TECHNOLOGIES LLC SC 13G/A on ION GEOPHYSICAL CORP
62
SEC EDGAREmpery Asset Management, LP SC 13G/A on ION GEOPHYSICAL CORP
63
SEC EDGARSABBY MANAGEMENT, LLC SC 13G/A on ION GEOPHYSICAL CORP