GSIT · Gsi Technology Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $20.52M | $21.77M | $29.69M | $33.38M | $27.73M | $43.34M |
| Cost of Revenue | $10.38M | $9.94M | $12.01M | $14.85M | $14.51M | $18.00M |
| Gross Profit | $10.14M | $11.82M | $17.68M | $18.54M | $13.22M | $25.34M |
| R&D | $16.00M | $21.69M | $23.55M | $24.67M | $23.34M | $25.22M |
| SG&A | $10.76M | $10.56M | $9.94M | $10.22M | $11.14M | $10.92M |
| Total Operating Expenses | $20.98M | $32.25M | $33.49M | $34.89M | $34.48M | $36.15M |
| D&A | $665.0K | $927.0K | $1.01M | $1.00M | $1.21M | $1.43M |
| Operating Income | ($10.84M) | ($20.43M) | ($15.81M) | ($16.35M) | ($21.26M) | ($10.80M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $130.0K | $70.0K | $372.0K | ($45.0K) | $335.0K | $247.0K |
| Net Income | ($10.64M) | ($20.09M) | ($15.98M) | ($16.37M) | ($21.50M) | ($10.34M) |
| EPS - Basic | ($0.42) | ($0.80) | ($0.65) | ($0.67) | ($0.91) | ($0.45) |
| EPS - Diluted | ($0.42) | ($0.80) | ($0.65) | ($0.67) | ($0.91) | ($0.45) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $13.43M | $14.43M | $27.21M | $36.97M | $44.23M | $51.51M |
| Accounts Receivable | $3.17M | $3.12M | $3.47M | $4.52M | $3.67M | $6.33M |
| Inventory | $3.89M | $4.98M | $6.42M | $4.66M | $4.34M | $4.28M |
| Accounts Payable | $991.0K | $668.0K | $1.62M | $1.47M | $1.57M | $1.18M |
| Current Assets | $23.45M | $30.11M | $41.88M | $54.69M | $63.45M | $79.11M |
| Total Assets | $43.32M | $42.46M | $59.88M | $76.42M | $87.61M | $102.56M |
| Current Liabilities | $7.07M | $5.37M | $7.20M | $8.86M | $7.46M | $8.26M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $15.09M | $6.49M | $8.50M | $11.97M | $12.02M | $12.92M |
| Stockholders' Equity | $28.23M | $35.97M | $51.37M | $64.45M | $75.59M | $89.64M |
| Retained Earnings | ($35.20M) | ($24.57M) | ($4.48M) | $11.50M | $27.87M | $49.37M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($12.97M) | ($17.35M) | ($16.84M) | ($13.83M) | ($15.25M) | ($4.68M) |
| Investing Cash Flow | $11.35M | $2.76M | $6.68M | $4.20M | $3.29M | $9.97M |
| Financing Cash Flow | $633.0K | $1.81M | $402.0K | $2.37M | $4.69M | $3.72M |
| CapEx | $45.0K | $645.0K | $316.0K | $774.0K | $203.0K | $331.0K |
| Free Cash Flow | ($13.02M) | ($18.00M) | ($17.16M) | ($14.60M) | ($15.46M) | ($5.01M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 49.4% | 54.3% | 59.6% | 55.5% | 47.7% | 58.5% |
| Operating margin | -52.8% | -93.9% | -53.2% | -49.0% | -76.7% | -24.9% |
| EBITDA margin | -49.6% | -89.6% | -49.8% | -46.0% | -72.3% | -21.6% |
| Net margin | -51.9% | -92.3% | -53.8% | -49.0% | -77.6% | -23.8% |
| Free cash flow margin | -63.5% | -82.7% | -57.8% | -43.7% | -55.7% | -11.6% |
| FCF / Net income | 1.22 | 0.90 | 1.07 | 0.89 | 0.72 | 0.48 |
| R&D / Revenue | 78.0% | 99.7% | 79.3% | 73.9% | 84.2% | 58.2% |
| SG&A / Revenue | 52.5% | 48.5% | 33.5% | 30.6% | 40.2% | 25.2% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -24.6% | -47.3% | -26.7% | -21.4% | -24.5% | -10.1% |
| Return on equity | -37.7% | -55.8% | -31.1% | -25.4% | -28.4% | -11.5% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 3.32 | 5.61 | 5.81 | 6.17 | 8.50 | 9.58 |
| Quick ratio | 2.77 | 4.68 | 4.92 | 5.65 | 7.92 | 9.06 |
| Cash ratio | 1.90 | 2.69 | 3.78 | 4.17 | 5.93 | 6.24 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.53 | 1.18 | 1.17 | 1.19 | 1.16 | 1.14 |
| Liabilities / Assets | 0.35 | 0.15 | 0.14 | 0.16 | 0.14 | 0.13 |
| Efficiency | ||||||
| Asset turnover | 0.47 | 0.51 | 0.50 | 0.44 | 0.32 | 0.42 |
| Inventory turnover | 2.67 | 2.00 | 1.87 | 3.19 | 3.34 | 4.20 |
| Days sales outstanding | 56d | 52d | 43d | 49d | 48d | 53d |
| Days inventory outstanding | 137d | 183d | 195d | 114d | 109d | 87d |
| Days payable outstanding | 35d | 25d | 49d | 36d | 39d | 24d |
| Cash conversion cycle | 158d | 210d | 188d | 128d | 118d | 116d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 1.8x | 2.4x | 0.8x | 1.4x | 2.1x | 1.8x |
| P / S | 2.5x | 3.9x | 1.4x | 2.8x | 5.7x | 3.7x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -5.7% | -26.7% | -11.1% | 20.4% | -36.0% | -10.0% |
| Revenue CAGR (3y) | -15.0% | -7.8% | -11.8% | -11.5% | -13.4% | -3.5% |
| Revenue CAGR (5y) | -13.9% | -14.7% | -7.0% | -7.1% | -12.1% | -4.1% |
| Gross profit growth (YoY) | -14.2% | -33.1% | -4.6% | 40.3% | -47.8% | -19.9% |
| Operating income growth (YoY) | 47.0% | -29.3% | 3.3% | 23.1% | -96.9% | -5835.2% |
| Net income growth (YoY) | 47.0% | -25.7% | 2.4% | 23.9% | -108.0% | - |
| EPS growth (YoY) | 47.5% | -23.1% | 3.0% | 26.4% | -102.2% | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 27.6% | -4.9% | -17.5% | 5.5% | -208.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -21.5% | -30.0% | -20.3% | -14.7% | -15.7% | -3.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-03-31.
Geographic
$20.52M totalUS$8.15M · 39.7%
CN$5.33M · 26.0%
DE$3.72M · 18.1%
SG$2.01M · 9.8%
Rest Of World$761.0K · 3.7%
NL$554.0K · 2.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.06
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
1/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing GSI TECHNOLOGY INC against the 5 most active filers in the same SIC group.