GSI Technology (GSIT) financial statements
GSI Technology reported revenue of $25M in fiscal 2026, down 7.0% a year over 9 years.
Net income was -$13M and the operating margin -69.6%, against -1.1% in 2017.
Free cash flow was -$16M.
The diluted share count rose 54% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from GSI Technology's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48M | $43M | $51M | $43M | $28M | $33M | $30M | $22M | $21M | $25M |
| Cost of revenue | $22M | $20M | $20M | $18M | $15M | $15M | $12M | $10M | $10M | $11M |
| Gross profit | $26M | $22M | $32M | $25M | $13M | $19M | $18M | $12M | $10M | $14M |
| Research and development | $16M | $17M | $21M | $25M | $23M | $25M | $24M | $22M | $16M | $20M |
| Selling, general and admin | $11M | $10M | $10M | $11M | $11M | $10M | $10M | $11M | $11M | $11M |
| Operating income | -$527,000 | -$4M | -$182,000 | -$11M | -$21M | -$16M | -$16M | -$20M | -$11M | -$17M |
| Pre-tax income | -$49,000 | -$4M | $268,000 | -$10M | -$21M | -$16M | -$16M | -$20M | -$11M | -$13M |
| Income tax | $66,000 | $453,000 | $105,000 | $247,000 | $335,000 | -$45,000 | $372,000 | $70,000 | $130,000 | -$132,000 |
| Net income | -$115,000 | -$5M | $163,000 | -$10M | -$22M | -$16M | -$16M | -$20M | -$11M | -$13M |
| EPS (diluted) | -$0.01 | -$0.21 | $0.01 | -$0.45 | -$0.91 | -$0.67 | -$0.65 | -$0.80 | -$0.42 | -$0.42 |
| Diluted shares | 21M | 21M | 23M | 23M | 24M | 24M | 25M | 25M | 25M | 32M |
| Gross margin | 54.8% | 52.6% | 61.4% | 58.5% | 47.7% | 55.5% | 59.6% | 54.3% | 49.4% | 54.5% |
| Operating margin | -1.1% | -10.5% | -0.4% | -24.9% | -76.7% | -49.0% | -53.2% | -93.9% | -52.8% | -69.6% |
| Net margin | -0.2% | -10.6% | 0.3% | -23.8% | -77.6% | -49.0% | -53.8% | -92.3% | -51.9% | -52.7% |
Balance sheet
Fiscal years, from GSI Technology's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $50M | $58M | $62M | $67M | $54M | $44M | $31M | $14M | $13M | $67M |
| Receivables | $6M | $5M | $7M | $6M | $4M | $5M | $3M | $3M | $3M | $4M |
| Inventory | $9M | $6M | $6M | $4M | $4M | $5M | $6M | $5M | $4M | $4M |
| Total current assets | $68M | $71M | $77M | $79M | $63M | $55M | $42M | $30M | $23M | $79M |
| Property, plant and equipment | $8M | $8M | $9M | $8M | $7M | $7M | $7M | $1M | $808,000 | $883,000 |
| Goodwill | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M |
| Total assets | $103M | $100M | $106M | $103M | $88M | $76M | $60M | $42M | $43M | $98M |
| Total current liabilities | $10M | $7M | $9M | $8M | $7M | $9M | $7M | $5M | $7M | $9M |
| Total liabilities | $16M | $13M | $13M | $13M | $12M | $12M | $9M | $6M | $15M | $16M |
| Shareholders' equity | $86M | $87M | $93M | $90M | $76M | $64M | $51M | $36M | $28M | $82M |
| Net debt | -$34M | -$40M | -$42M | -$52M | -$44M | -$37M | -$27M | -$14M | -$13M | -$67M |
Cash flow
Fiscal years, from GSI Technology's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2M | $1M | $3M | -$5M | -$15M | -$14M | -$17M | -$17M | -$13M | -$16M |
| Capital spending | $219,000 | $1M | $2M | $331,000 | $203,000 | $774,000 | $316,000 | $645,000 | $45,000 | $486,000 |
| Free cash flow | $2M | -$255,000 | $916,000 | -$5M | -$15M | -$15M | -$17M | -$18M | -$13M | -$16M |
| Stock-based compensation | $2M | $2M | $2M | $3M | $3M | $3M | $2M | $3M | $2M | $3M |
| Share buybacks (net) | -$7M | — | -$103,000 | — | — | — | — | — | — | — |
| Free cash flow margin | 3.8% | -0.6% | 1.8% | -11.6% | -55.7% | -43.7% | -57.8% | -82.7% | -63.5% | -65.3% |
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Open GSIT in InvestinglyQuestions
What was GSI Technology's revenue in 2026?
$25M in fiscal 2026, from its 10-K filing.
How much free cash flow does GSI Technology generate?
-$16M in fiscal 2026 (operating cash flow minus capital spending).
From GSI Technology's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.