NASDAQ : CSPI
CSP Inc. — Financial statements
Technology · Information Technology Services · United States
Last price 7.74 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 78.02M
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Financial statements
CSP Inc. (CSPI) reported revenue of 56.91M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 56.91M | 58.73M | 55.22M | 64.65M | 54.36M | 49.21M |
| Cost of Revenue | 38.08M | 40.22M | 36.36M | 42.73M | 35.53M | 33.06M |
| Gross Profit | 18.83M | 18.51M | 18.86M | 21.92M | 18.83M | 16.15M |
| Selling, General & Admin | 18.45M | 18.37M | 17.77M | 16.91M | 15.78M | 14.62M |
| Research & Development | 3.42M | 3.25M | 2.96M | 3.14M | 3.08M | 2.89M |
| Operating Expenses | 21.87M | 21.62M | 20.73M | 20.05M | 18.87M | 17.51M |
| Operating Income | -3.04M | -3.11M | -1.87M | 1.87M | -40.00K | -1.36M |
| Interest Expense | -575.00K | -357.00K | -235.00K | -262.00K | -360.00K | -350.00K |
| Interest & Investment Income | 2.16M | 1.85M | 2.05M | 1.46M | 650.00K | 575.00K |
| Currency Exchange Gain (Loss) | 110.00K | 33.00K | -438.00K | -581.00K | 1.69M | -488.00K |
| Other Non Operating Income (Expenses) | -12.00K | -82.00K | 79.00K | 2.25M | -3.00K | 107.00K |
| EBT Excluding Unusual Items | -1.36M | -1.66M | -419.00K | 4.74M | 1.94M | -1.52M |
| Other Unusual Items | 2.20M | |||||
| Pretax Income | -1.36M | -1.66M | -419.00K | 4.74M | 1.94M | 678.00K |
| Income Tax Expense | -675.00K | -1.57M | -93.00K | -469.00K | 50.00K | 444.00K |
| Earnings From Continuing Operations | -682.00K | -91.00K | -326.00K | 5.20M | 1.89M | 234.00K |
| Earnings From Discontinued Operations | 465.00K | |||||
| Net Income | -682.00K | -91.00K | -326.00K | 5.20M | 1.89M | 699.00K |
| Preferred Dividends & Other Adjustments | -6.00K | 320.00K | 100.00K | 33.00K | ||
| Net Income to Common | -676.00K | -91.00K | -326.00K | 4.88M | 1.79M | 666.00K |
| Shares Outstanding (Basic) | 9.46M | 9.30M | 9.04M | 8.76M | 8.52M | 8.30M |
| Shares Outstanding (Diluted) | 9.46M | 9.30M | 9.04M | 8.94M | 8.56M | 8.44M |
| EPS (Basic) | -0.07 | -0.01 | -0.04 | 0.56 | 0.21 | 0.08 |
| EPS (Diluted) | -0.07 | -0.01 | -0.04 | 0.55 | 0.21 | 0.08 |
| Free Cash Flow | -1.41M | 1.92M | 4.02M | 3.68M | 2.44M | 1.80M |
| Free Cash Flow Per Share | -0.15 | 0.21 | 0.44 | 0.41 | 0.28 | 0.21 |
| Dividend Per Share | 0.12 | 0.12 | 0.12 | 0.07 | 0.03 | 0.15 |
| Gross Margin | 33.08% | 31.52% | 34.15% | 33.91% | 34.63% | 32.82% |
| Operating Margin | -5.35% | -5.29% | -3.39% | 2.89% | -0.07% | -2.77% |
| Profit Margin | -1.19% | -0.15% | -0.59% | 7.56% | 3.29% | 1.35% |
| Free Cash Flow Margin | -2.48% | 3.27% | 7.27% | 5.69% | 4.49% | 3.67% |
| EBITDA | -2.82M | -2.87M | -1.57M | 2.23M | 319.00K | -974.00K |
| EBITDA Margin | -4.96% | -4.88% | -2.85% | 3.45% | 0.59% | -1.98% |
| D&A For EBITDA | 223.00K | 244.00K | 298.00K | 358.00K | 359.00K | 388.00K |
| EBIT | -3.04M | -3.11M | -1.87M | 1.87M | -40.00K | -1.36M |
| EBIT Margin | -5.35% | -5.29% | -3.39% | 2.89% | -0.07% | -2.77% |
| Effective Tax Rate | 2.58% | 65.49% | ||||
| Revenue as Reported | 56.91M | 58.73M | 55.22M | 64.65M | 54.36M | 49.21M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 24.67M | 27.42M | 30.59M | 25.22M | 23.98M | 20.01M |
| Cash & Short-Term Investments | 24.67M | 27.42M | 30.59M | 25.22M | 23.98M | 20.01M |
| Accounts Receivable | 20.37M | 21.78M | 20.59M | 21.03M | 27.41M | 21.47M |
| Other Receivables | 1.05M | 1.66M | ||||
| Receivables | 20.37M | 21.78M | 20.59M | 21.03M | 28.46M | 23.12M |
| Inventory | 1.83M | 1.44M | 2.29M | 2.54M | 4.37M | 3.99M |
| Other Current Assets | 2.37M | 1.68M | 1.38M | 1.58M | 2.64M | 1.92M |
| Total Current Assets | 49.24M | 52.32M | 54.85M | 50.36M | 59.46M | 49.03M |
| Property, Plant & Equipment | 1.84M | 2.19M | 918.00K | 1.49M | 1.81M | 2.12M |
| Other Intangible Assets | 62.00K | 69.00K | 50.00K | 46.00K | 10.00K | 19.00K |
| Long-Term Accounts Receivable | 8.23M | 6.01M | 2.93M | 4.22M | 3.00K | 15.00K |
| Long-Term Deferred Tax Assets | 5.16M | 4.56M | 2.73M | 2.35M | ||
| Long-Term Deferred Charges | 9.00K | |||||
| Other Long-Term Assets | 6.24M | 6.02M | 7.95M | 7.43M | 13.79M | 11.78M |
| Total Assets | 70.78M | 71.16M | 69.44M | 65.90M | 75.06M | 62.97M |
| Accounts Payable | 10.88M | 13.46M | 6.95M | 5.14M | 19.24M | 11.27M |
| Accrued Expenses | 98.00K | 2.62M | 2.50M | 3.00M | 2.73M | 2.28M |
| Short-Term Debt | 2.42M | 903.00K | 4.17M | 1.51M | 3.12M | 941.00K |
| Current Portion of Long-Term Debt | 449.00K | 427.00K | 757.00K | |||
| Current Portion of Leases | 340.00K | 382.00K | 502.00K | 554.00K | 616.00K | |
| Current Income Taxes Payable | 23.00K | 192.00K | 182.00K | 914.00K | ||
| Current Unearned Revenue | 2.54M | 1.50M | 2.17M | 1.90M | 4.06M | 1.89M |
| Other Current Liabilities | 4.52M | 3.16M | 2.33M | 2.24M | 44.00K | 67.00K |
| Total Current Liabilities | 20.48M | 22.18M | 18.68M | 15.66M | 30.18M | 17.83M |
| Long-Term Debt | 449.00K | 876.00K | ||||
| Long-Term Leases | 1.15M | 1.34M | 117.00K | 482.00K | 623.00K | 826.00K |
| Long-Term Unearned Revenue | 400.00K | |||||
| Pension & Post-Retirement Benefits | 1.17M | 1.22M | 1.31M | 1.25M | 1.34M | 4.10M |
| Other Long-Term Liabilities | 3.72M | 1.87M | 2.06M | 2.36M | 3.51M | 4.90M |
| Total Liabilities | 26.52M | 26.61M | 22.17M | 19.76M | 36.10M | 28.93M |
| Common Stock | 101.00K | 99.00K | 98.00K | 94.00K | 46.00K | 45.00K |
| Additional Paid-In Capital | 26.21M | 24.74M | 22.69M | 20.84M | 19.48M | 18.26M |
| Retained Earnings | 26.05M | 27.70M | 29.85M | 31.31M | 26.77M | 25.19M |
| Comprehensive Income & Other | -8.10M | -7.99M | -5.37M | -6.09M | -7.33M | -9.45M |
| Shareholders' Equity | 44.26M | 44.55M | 47.27M | 46.15M | 38.96M | 34.05M |
| Total Liabilities & Equity | 70.78M | 71.16M | 69.44M | 65.90M | 75.06M | 62.97M |
| Total Debt | 3.58M | 2.58M | 4.67M | 2.95M | 5.18M | 4.02M |
| Net Cash (Debt) | 21.09M | 24.84M | 25.92M | 22.27M | 18.80M | 15.99M |
| Net Cash Per Share | 2.23 | 2.67 | 2.87 | 2.49 | 2.20 | 1.89 |
| Filing Date Shares Outstanding | 10.08M | 9.90M | 9.88M | 9.46M | 9.11M | 8.79M |
| Total Common Shares Outstanding | 10.06M | 9.91M | 9.78M | 9.46M | 9.11M | 8.79M |
| Working Capital | 28.77M | 30.14M | 36.17M | 34.70M | 29.27M | 31.21M |
| Book Value Per Share | 4.40 | 4.50 | 4.84 | 4.88 | 4.28 | 3.87 |
| Tangible Book Value | 44.20M | 44.48M | 47.22M | 46.10M | 38.95M | 34.03M |
| Tangible Book Value Per Share | 4.39 | 4.49 | 4.83 | 4.88 | 4.28 | 3.87 |
| Machinery | 2.93M | 9.01M | 8.82M | 8.96M | 8.82M | |
| Leasehold Improvements | 29.00K | 224.00K | 224.00K | 224.00K | 224.00K | |
| Order Backlog | 8.10M | 5.70M | 9.30M | 23.20M | 13.00M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -682.00K | -91.00K | -326.00K | 5.20M | 1.89M | 699.00K |
| Depreciation & Amortization | 610.00K | 702.00K | 794.00K | 931.00K | 935.00K | 1.04M |
| Loss (Gain) From Sale of Assets | 1.00K | 1.00K | 1.00K | 4.00K | ||
| Stock-Based Compensation | 1.80M | 1.77M | 1.58M | 1.13M | 979.00K | 981.00K |
| Provision & Write-off of Bad Debts | 192.00K | 25.00K | 114.00K | 26.00K | -50.00K | 52.00K |
| Other Operating Activities | -939.00K | -1.88M | 225.00K | -1.62M | -2.78M | -1.16M |
| Change in Accounts Receivable | -7.80M | -5.19M | 2.48M | 6.04M | -4.26M | -5.38M |
| Change in Inventory | 1.60M | 669.00K | -95.00K | 1.56M | -517.00K | 1.26M |
| Change in Accounts Payable | 2.93M | 7.48M | 1.38M | -11.65M | 8.71M | 5.73M |
| Change in Unearned Revenue | 956.00K | -668.00K | 273.00K | -2.16M | 2.17M | 946.00K |
| Change in Income Taxes | -183.00K | -272.00K | -798.00K | 2.02M | 543.00K | -914.00K |
| Change in Other Net Operating Assets | 411.00K | -342.00K | -1.38M | 2.43M | -4.94M | -1.81M |
| Operating Cash Flow | -1.06M | 2.27M | 4.21M | 3.91M | 2.67M | 1.90M |
| Capital Expenditures | -347.00K | -348.00K | -196.00K | -226.00K | -234.00K | -98.00K |
| Sale of Property, Plant & Equipment | 2.00K | 2.00K | ||||
| Sale (Purchase) of Intangibles | -26.00K | -26.00K | -10.00K | -51.00K | ||
| Other Investing Activities | -54.00K | -54.00K | -50.00K | -64.00K | 252.00K | -70.00K |
| Investing Cash Flow | -427.00K | -428.00K | -256.00K | -341.00K | 20.00K | -166.00K |
| Short-Term Debt Issued | 2.65M | 2.18M | ||||
| Total Debt Issued | 1.52M | 2.65M | 2.18M | |||
| Short-Term Debt Repaid | -3.27M | -1.61M | -631.00K | |||
| Long-Term Debt Repaid | -427.00K | -410.00K | -783.00K | -606.00K | ||
| Total Debt Repaid | -237.00K | -3.27M | -427.00K | -2.02M | -783.00K | -1.24M |
| Net Debt Issued (Repaid) | 1.28M | -3.27M | 2.23M | -2.02M | 1.40M | -1.24M |
| Issuance of Common Stock | 266.00K | 286.00K | 274.00K | 280.00K | 239.00K | 283.00K |
| Repurchase of Common Stock | -491.00K | -869.00K | -104.00K | -6.00K | -174.00K | |
| Common Dividends Paid | -1.20M | -1.19M | -1.02M | -656.00K | -137.00K | |
| Financing Cash Flow | -142.00K | -5.04M | 1.38M | -2.40M | 1.33M | -954.00K |
| Foreign Exchange Rate Adjustments | -9.00K | 29.00K | 32.00K | 70.00K | -48.00K | -40.00K |
| Net Cash Flow | -1.64M | -3.17M | 5.37M | 1.24M | 3.98M | 743.00K |
| Free Cash Flow | -1.41M | 1.92M | 4.02M | 3.68M | 2.44M | 1.80M |
| Free Cash Flow Margin | -2.48% | 3.27% | 7.27% | 5.69% | 4.49% | 3.67% |
| Free Cash Flow Per Share | -0.15 | 0.21 | 0.44 | 0.41 | 0.28 | 0.21 |
| Levered Free Cash Flow | 2.22M | 6.10M | 2.67M | 229.00K | 5.55M | 822.00K |
| Unlevered Free Cash Flow | 2.58M | 6.32M | 2.82M | 392.75K | 5.77M | 1.04M |
| Cash Interest Paid | 29.00K | 137.00K | 206.00K | 313.00K | 184.00K | 189.00K |
| Cash Income Tax Paid | 290.00K | 446.00K | 1.60M | 246.00K | -233.00K | 114.00K |
| Change in Working Capital | -2.10M | 1.68M | 1.87M | -1.76M | 1.71M | -166.00K |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 76.11M | 113.90M | 126.83M | 82.73M | 32.76M | 39.09M |
| Enterprise Value | 55.02M | 88.88M | 98.92M | 68.88M | 15.77M | 23.73M |
| Last Close Price | 7.74 | 11.40 | 12.72 | 8.51 | 3.45 | 4.27 |
| PE Ratio | 16.94 | 18.31 | 58.69 | |||
| PS Ratio | 1.37 | 1.94 | 2.30 | 1.28 | 0.60 | 0.79 |
| PB Ratio | 1.76 | 2.56 | 2.68 | 1.79 | 0.84 | 1.15 |
| P/TBV Ratio | 1.77 | 2.56 | 2.69 | 1.79 | 0.84 | 1.15 |
| P/FCF Ratio | 59.32 | 31.57 | 22.48 | 13.42 | 21.66 | |
| P/OCF Ratio | 50.22 | 30.10 | 21.18 | 12.24 | 20.54 | |
| EV/Sales Ratio | 1.00 | 1.51 | 1.79 | 1.07 | 0.29 | 0.48 |
| EV/EBITDA Ratio | 30.92 | 49.45 | ||||
| EV/EBIT Ratio | 36.84 | |||||
| EV/FCF Ratio | 46.29 | 24.62 | 18.71 | 6.46 | 13.15 | |
| Debt / Equity Ratio | 0.08 | 0.06 | 0.10 | 0.06 | 0.13 | 0.12 |
| Debt / EBITDA Ratio | 1.02 | 4.83 | ||||
| Debt / FCF Ratio | 1.34 | 1.16 | 0.80 | 2.12 | 2.23 | |
| Net Debt / Equity Ratio | -0.48 | -0.56 | -0.55 | -0.48 | -0.48 | -0.47 |
| Net Debt / EBITDA Ratio | 7.48 | 8.67 | 16.47 | -9.99 | -58.95 | 16.42 |
| Net Debt / FCF Ratio | 14.95 | -12.94 | -6.45 | -6.05 | -7.70 | -8.86 |
| Asset Turnover | 0.83 | 0.83 | 0.82 | 0.92 | 0.79 | 0.84 |
| Inventory Turnover | 14.20 | 21.54 | 15.04 | 12.36 | 8.50 | 7.13 |
| Quick Ratio | 2.20 | 2.22 | 2.74 | 2.95 | 1.74 | 2.42 |
| Current Ratio | 2.40 | 2.36 | 2.94 | 3.22 | 1.97 | 2.75 |
| Return on Equity (ROE) | -1.49% | -0.20% | -0.70% | 12.23% | 5.17% | 0.74% |
| Return on Assets (ROA) | -2.77% | -2.76% | -1.73% | 1.66% | -0.04% | -1.46% |
| Return on Invested Capital (ROIC) | -12.90% | -15.14% | -8.28% | 8.49% | -0.20% | -2.58% |
| Return on Capital Employed (ROCE) | -6.00% | -6.30% | -3.70% | 3.70% | -0.10% | -3.00% |
| Earnings Yield | -0.95% | -0.08% | -0.26% | 6.29% | 5.77% | 1.79% |
| FCF Yield | -1.81% | 1.69% | 3.17% | 4.45% | 7.45% | 4.62% |
| Dividend Yield | 1.59% | 1.04% | 0.89% | 0.86% | 0.83% | 3.37% |
| Payout Ratio | 12.61% | 7.25% | ||||
| Buyback Yield / Dilution | -2.43% | -2.83% | -1.12% | -4.50% | -1.37% | -4.77% |
| Total Shareholder Return | -0.88% | -1.79% | -0.23% | -3.64% | -0.54% | -1.40% |