NASDAQ : GSIT
GSI Technology, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 3.96 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 152.19M
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Financial statements
GSI Technology, Inc. (GSIT) reported revenue of 25.15M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 25.15M | 25.12M | 20.52M | 21.77M | 29.69M | 33.38M |
| Cost of Revenue | 11.74M | 11.43M | 10.38M | 9.94M | 12.01M | 14.85M |
| Gross Profit | 13.41M | 13.70M | 10.14M | 11.82M | 17.68M | 18.54M |
| Selling, General & Admin | 11.35M | 11.22M | 10.93M | 11.56M | 11.85M | 11.79M |
| Research & Development | 22.75M | 19.95M | 16.00M | 21.69M | 23.55M | 24.67M |
| Operating Expenses | 34.10M | 31.17M | 26.94M | 33.25M | 35.40M | 36.47M |
| Operating Income | -20.69M | -17.48M | -16.80M | -21.43M | -17.71M | -17.93M |
| Interest & Investment Income | 1.38M | 926.00K | 445.00K | 541.00K | 308.00K | 71.00K |
| Currency Exchange Gain (Loss) | -156.00K | -206.00K | -119.00K | |||
| Other Non Operating Income (Expenses) | 3.38M | 3.38M | -127.00K | -106.00K | -131.00K | |
| EBT Excluding Unusual Items | -16.08M | -13.38M | -16.47M | -21.02M | -17.51M | -17.99M |
| Gain (Loss) on Sale of Assets | 5.79M | |||||
| Other Unusual Items | 168.00K | 1.00M | 1.91M | 1.57M | ||
| Pretax Income | -16.08M | -13.38M | -10.51M | -20.02M | -15.61M | -16.41M |
| Income Tax Expense | -262.00K | -132.00K | 130.00K | 70.00K | 372.00K | -45.00K |
| Net Income | -15.82M | -13.25M | -10.64M | -20.09M | -15.98M | -16.37M |
| Net Income to Common | -15.82M | -13.25M | -10.64M | -20.09M | -15.98M | -16.37M |
| Shares Outstanding (Basic) | 34.43M | 31.84M | 25.50M | 25.14M | 24.59M | 24.30M |
| Shares Outstanding (Diluted) | 34.43M | 31.84M | 25.50M | 25.14M | 24.59M | 24.30M |
| EPS (Basic) | -0.46 | -0.42 | -0.42 | -0.80 | -0.65 | -0.67 |
| EPS (Diluted) | -0.47 | -0.42 | -0.42 | -0.80 | -0.65 | -0.67 |
| Free Cash Flow | -18.89M | -16.41M | -13.02M | -18.00M | -17.16M | -14.60M |
| Free Cash Flow Per Share | -0.55 | -0.52 | -0.51 | -0.72 | -0.70 | -0.60 |
| Gross Margin | 53.33% | 54.51% | 49.42% | 54.32% | 59.55% | 55.53% |
| Operating Margin | -82.25% | -69.57% | -81.86% | -98.47% | -59.66% | -53.70% |
| Profit Margin | -62.90% | -52.73% | -51.85% | -92.29% | -53.81% | -49.03% |
| Free Cash Flow Margin | -75.11% | -65.32% | -63.46% | -82.68% | -57.80% | -43.73% |
| EBITDA | -20.03M | -16.85M | -16.13M | -20.50M | -16.70M | -16.92M |
| EBITDA Margin | -79.66% | -67.07% | -78.62% | -94.21% | -56.25% | -50.70% |
| D&A For EBITDA | 652.00K | 628.00K | 665.00K | 927.00K | 1.01M | 1.00M |
| EBIT | -20.69M | -17.48M | -16.80M | -21.43M | -17.71M | -17.93M |
| EBIT Margin | -82.25% | -69.57% | -81.86% | -98.47% | -59.66% | -53.70% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 77.05M | 67.21M | 13.43M | 14.43M | 27.21M | 36.97M |
| Short-Term Investments | 3.36M | 6.99M | ||||
| Cash & Short-Term Investments | 77.05M | 67.21M | 13.43M | 14.43M | 30.57M | 43.96M |
| Accounts Receivable | 2.51M | 4.24M | 3.17M | 3.12M | 3.47M | 4.52M |
| Other Receivables | 331.00K | 88.00K | 695.00K | 215.00K | 156.00K | 226.00K |
| Receivables | 2.84M | 4.33M | 3.86M | 3.33M | 3.63M | 4.74M |
| Inventory | 4.54M | 4.08M | 3.89M | 4.98M | 6.42M | 4.66M |
| Prepaid Expenses | 5.37M | 3.57M | 2.27M | 1.74M | 1.26M | 1.33M |
| Other Current Assets | 5.63M | |||||
| Total Current Assets | 89.79M | 79.19M | 23.45M | 30.11M | 41.88M | 54.69M |
| Property, Plant & Equipment | 9.06M | 9.15M | 10.36M | 2.70M | 8.11M | 8.25M |
| Long-Term Investments | 3.35M | |||||
| Goodwill | 7.98M | 7.98M | 7.98M | 7.98M | 7.98M | 7.98M |
| Other Intangible Assets | 1.03M | 1.09M | 1.32M | 1.56M | 1.79M | 2.02M |
| Long-Term Deferred Tax Assets | 443.00K | 329.00K | ||||
| Other Long-Term Assets | 227.00K | 223.00K | 206.00K | 122.00K | 126.00K | 137.00K |
| Total Assets | 108.53M | 97.95M | 43.32M | 42.46M | 59.88M | 76.42M |
| Accounts Payable | 4.11M | 3.61M | 991.00K | 668.00K | 1.62M | 1.47M |
| Accrued Expenses | 3.41M | 3.18M | 4.44M | 4.13M | 4.82M | 6.72M |
| Current Portion of Leases | 1.36M | 1.49M | 1.64M | 567.00K | 413.00K | 537.00K |
| Current Income Taxes Payable | 345.00K | 127.00K | ||||
| Other Current Liabilities | 917.00K | 917.00K | ||||
| Total Current Liabilities | 9.80M | 9.20M | 7.07M | 5.37M | 7.20M | 8.86M |
| Long-Term Leases | 6.81M | 6.98M | 8.00M | 955.00K | 238.00K | 361.00K |
| Long-Term Deferred Tax Liabilities | 18.00K | 18.00K | 16.00K | 14.00K | 12.00K | 11.00K |
| Other Long-Term Liabilities | 160.00K | 1.05M | 2.74M | |||
| Total Liabilities | 16.62M | 16.19M | 15.09M | 6.49M | 8.50M | 11.97M |
| Common Stock | 38.00K | 37.00K | 26.00K | 25.00K | 25.00K | 24.00K |
| Additional Paid-In Capital | 145.20M | 130.26M | 63.49M | 60.60M | 55.95M | 53.08M |
| Retained Earnings | -53.24M | -48.45M | -35.20M | -24.57M | -4.48M | 11.50M |
| Comprehensive Income & Other | -87.00K | -87.00K | -87.00K | -87.00K | -127.00K | -154.00K |
| Shareholders' Equity | 91.91M | 81.76M | 28.23M | 35.97M | 51.37M | 64.45M |
| Total Liabilities & Equity | 108.53M | 97.95M | 43.32M | 42.46M | 59.88M | 76.42M |
| Total Debt | 8.16M | 8.47M | 9.64M | 1.52M | 651.00K | 898.00K |
| Net Cash (Debt) | 68.88M | 58.75M | 3.79M | 12.91M | 29.92M | 43.06M |
| Net Cash Per Share | 2.00 | 1.85 | 0.15 | 0.51 | 1.22 | 1.77 |
| Filing Date Shares Outstanding | 38.43M | 38.25M | 27.87M | 25.45M | 25.02M | 24.55M |
| Total Common Shares Outstanding | 38.37M | 36.60M | 25.61M | 25.30M | 24.69M | 24.49M |
| Working Capital | 79.99M | 69.99M | 16.38M | 24.74M | 34.67M | 45.83M |
| Book Value Per Share | 2.40 | 2.23 | 1.10 | 1.42 | 2.08 | 2.63 |
| Tangible Book Value | 82.90M | 72.69M | 18.93M | 26.44M | 41.60M | 54.45M |
| Tangible Book Value Per Share | 2.16 | 1.99 | 0.74 | 1.04 | 1.69 | 2.22 |
| Land | 3.90M | 3.90M | ||||
| Buildings | 3.74M | 3.73M | ||||
| Machinery | 18.65M | 18.29M | 17.84M | 18.66M | 19.29M | 18.52M |
| Leasehold Improvements | 942.00K | 942.00K | 927.00K | 927.00K | 910.00K | 878.00K |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -15.82M | -13.25M | -10.64M | -20.09M | -15.98M | -16.37M |
| Depreciation & Amortization | 652.00K | 628.00K | 665.00K | 927.00K | 1.01M | 1.00M |
| Loss (Gain) From Sale of Assets | -5.79M | |||||
| Loss (Gain) From Sale of Investments | -2.00K | 13.00K | 69.00K | |||
| Stock-Based Compensation | 3.35M | 2.80M | 2.26M | 2.84M | 2.47M | 2.99M |
| Provision & Write-off of Bad Debts | 117.00K | 106.00K | 2.00K | -16.00K | -21.00K | -39.00K |
| Other Operating Activities | -4.55M | -4.62M | 1.24M | -136.00K | -878.00K | -712.00K |
| Change in Accounts Receivable | -1.04M | -1.17M | -53.00K | 369.00K | 1.07M | -814.00K |
| Change in Inventory | -1.13M | -489.00K | 781.00K | 1.26M | -1.99M | -714.00K |
| Change in Accounts Payable | 3.37M | 2.64M | 306.00K | -355.00K | -383.00K | -127.00K |
| Change in Other Net Operating Assets | -3.01M | -2.57M | -1.75M | -2.15M | -2.17M | 882.00K |
| Operating Cash Flow | -18.07M | -15.92M | -12.97M | -17.35M | -16.84M | -13.83M |
| Capital Expenditures | -823.00K | -486.00K | -45.00K | -645.00K | -316.00K | -774.00K |
| Sale of Property, Plant & Equipment | 11.39M | |||||
| Investment in Securities | 3.40M | 7.00M | 4.97M | |||
| Investing Cash Flow | -823.00K | -486.00K | 11.35M | 2.76M | 6.68M | 4.20M |
| Issuance of Common Stock | 29.13M | 26.10M | 633.00K | 2.20M | 402.00K | 2.37M |
| Other Financing Activities | 44.09M | 44.09M | -389.00K | |||
| Financing Cash Flow | 73.21M | 70.19M | 633.00K | 1.81M | 402.00K | 2.37M |
| Net Cash Flow | 54.32M | 53.78M | -995.00K | -12.78M | -9.76M | -7.26M |
| Free Cash Flow | -18.89M | -16.41M | -13.02M | -18.00M | -17.16M | -14.60M |
| Free Cash Flow Margin | -75.11% | -65.32% | -63.46% | -82.68% | -57.80% | -43.73% |
| Free Cash Flow Per Share | -0.55 | -0.52 | -0.51 | -0.72 | -0.70 | -0.60 |
| Levered Free Cash Flow | -9.45M | -7.66M | -1.32M | -16.64M | -10.01M | -7.98M |
| Unlevered Free Cash Flow | -9.45M | -7.66M | -1.32M | -16.64M | -10.01M | -7.98M |
| Cash Income Tax Paid | 141.00K | 203.00K | 256.00K | 389.00K | 155.00K | 26.00K |
| Change in Working Capital | -1.81M | -1.59M | -715.00K | -874.00K | -3.47M | -773.00K |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 150.27M | 186.00M | 51.97M | 86.00M | 42.46M | 93.77M |
| Enterprise Value | 81.39M | 124.10M | 46.72M | 65.32M | 8.06M | 46.25M |
| Last Close Price | 3.96 | 5.14 | 2.03 | 3.40 | 1.72 | 3.83 |
| Forward PE | 202.75 | 202.75 | 202.75 | 202.75 | 202.75 | |
| PS Ratio | 6.05 | 7.40 | 2.53 | 3.95 | 1.43 | 2.81 |
| PB Ratio | 1.65 | 2.27 | 1.84 | 2.39 | 0.83 | 1.46 |
| P/TBV Ratio | 1.84 | 2.56 | 2.75 | 3.25 | 1.02 | 1.72 |
| PEG Ratio | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | |
| EV/Sales Ratio | 3.31 | 4.94 | 2.28 | 3.00 | 0.27 | 1.39 |
| Debt / Equity Ratio | 0.09 | 0.10 | 0.34 | 0.04 | 0.01 | 0.01 |
| Net Debt / Equity Ratio | -0.75 | -0.72 | -0.13 | -0.36 | -0.58 | -0.67 |
| Net Debt / EBITDA Ratio | 3.44 | 3.49 | 0.23 | 0.63 | 1.79 | 2.54 |
| Net Debt / FCF Ratio | 3.65 | 3.58 | 0.29 | 0.72 | 1.74 | 2.95 |
| Asset Turnover | 0.32 | 0.36 | 0.48 | 0.42 | 0.44 | 0.41 |
| Inventory Turnover | 2.83 | 2.87 | 2.34 | 1.75 | 2.17 | 3.30 |
| Quick Ratio | 8.15 | 7.78 | 2.44 | 3.31 | 4.75 | 5.50 |
| Current Ratio | 9.16 | 8.61 | 3.32 | 5.61 | 5.81 | 6.17 |
| Return on Equity (ROE) | -24.48% | -24.09% | -33.15% | -46.00% | -27.59% | -23.38% |
| Return on Assets (ROA) | -16.26% | -15.46% | -24.47% | -26.18% | -16.25% | -13.66% |
| Return on Invested Capital (ROIC) | -89.86% | -73.67% | -70.72% | -96.30% | -82.72% | -82.00% |
| Return on Capital Employed (ROCE) | -21.00% | -19.70% | -46.30% | -57.80% | -33.60% | -26.50% |
| Earnings Yield | -11.94% | -7.12% | -20.47% | -23.36% | -37.63% | -17.46% |
| FCF Yield | -12.41% | -8.82% | -25.05% | -20.92% | -40.42% | -15.57% |
| Buyback Yield / Dilution | -32.97% | -24.87% | -1.41% | -2.23% | -1.20% | -2.67% |