GSI TECHNOLOGY INC GSIT

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

GSI Technology, Inc. ("GSI" or the "Company") is a semiconductor company pursuing a two-pronged business strategy. Our growth strategy centers on the commercialization of our proprietary associative processing unit ("APU") technology, which enables high-performance, low-power, compute-in-memory processing for artificial intelligence, high-performance computing, and search applications at the edge. We fund this development through our established legacy business designing and selling high-speed synchronous static random access memory ("SRAM") products, primarily for the networking and telecommunications, test and measurement, and military/defense and aerospace markets. We operate under a fabless manufacturing model and are headquartered in Sunnyvale, California, with additional operations in Taiwan and Israel.

Last close 5.35 2026-09-04
Market cap $205.6M 2026-06-30 share count
52-week range 2.97 - 18.15

Valuation FY2025 figures against the last close

P/S8.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.42

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $25.1M$20.5M$21.8M$29.7M$33.4M$27.7M$43.3M$51.5M$42.6M$48.2M
Cost of revenue $11.4M$10.4M$9.9M$12.0M$14.8M$14.5M$18.0M$19.9M$20.2M$21.8M
Gross profit $13.7M$10.1M$11.8M$17.7M$18.5M$13.2M$25.3M$31.6M$22.4M$26.4M
R&D $19.9M$16.0M$21.7M$23.6M$24.7M$23.3M$25.2M$21.4M$17.0M$15.8M
SG&A $11.2M$10.8M$10.6M$9.9M$10.2M$11.1M$10.9M$10.5M$9.9M$11.1M
Total operating expenses $31.2M$21.0M$32.3M$33.5M$34.9M$34.5M$36.1M$31.8M$26.9M$26.9M
Operating income -$17.5M-$10.8M-$20.4M-$15.8M-$16.4M-$21.3M-$10.8M-$182.0K-$4.5M-$527.0K
Pre-tax income -$13.4M-$10.5M-$20.0M-$15.6M-$16.4M-$21.2M-$10.1M$268.0K-$4.1M-$49.0K
Income tax $132.0K$130.0K$70.0K$372.0K$45.0K$335.0K$247.0K$105.0K$453.0K$66.0K
Net income -$13.2M-$10.6M-$20.1M-$16.0M-$16.4M-$21.5M-$10.3M$163.0K-$4.5M-$115.0K
EPS, basic -0.42-0.42-0.80-0.65-0.67-0.91-0.450.01-0.21-0.01
EPS, diluted -0.42-0.42-0.80-0.65-0.67-0.91-0.450.01-0.21-0.01
Shares, diluted (wtd. avg.) 31.8M25.5M25.1M24.6M24.3M23.7M23.0M23.3M21.1M20.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $67.2M$13.4M$14.4M$27.2M$37.0M$44.2M$51.5M$42.5M$40.2M$33.7M
Short-term investments ———$3.4M$7.0M$9.7M————
Receivables $4.2M$3.2M$3.1M$3.5M$4.5M$3.7M$6.3M$7.3M$5.3M$6.3M
Inventory $4.1M$3.9M$5.0M$6.4M$4.7M$4.3M$4.3M$5.7M$5.5M$9.2M
Total current assets $79.2M$23.5M$30.1M$41.9M$54.7M$63.4M$79.1M$77.4M$71.3M$68.3M
Property, plant and equipment $883.0K$808.0K$1.1M$7.4M$7.4M$7.3M$8.1M$9.0M$8.2M$7.7M
Goodwill $8.0M$8.0M$8.0M$8.0M$8.0M$8.0M$8.0M$8.0M$8.0M$8.0M
Other intangibles $1.1M$1.3M$1.6M$1.8M$2.0M$2.3M$2.5M$2.7M$3.0M$3.3M
Total assets $98.0M$43.3M$42.5M$59.9M$76.4M$87.6M$102.6M$106.2M$99.5M$102.6M
Accounts payable $3.6M$991.0K$668.0K$1.6M$1.5M$1.6M$1.2M$1.9M$1.8M$1.6M
Total current liabilities $9.2M$7.1M$5.4M$7.2M$8.9M$7.5M$8.3M$8.7M$7.4M$10.5M
Total liabilities $16.2M$15.1M$6.5M$8.5M$12.0M$12.0M$12.9M$13.1M$12.7M$16.2M
Retained earnings -$48.5M-$35.2M-$24.6M-$4.5M$11.5M$27.9M$49.4M$59.7M$59.5M$64.7M
Total equity $81.8M$28.2M$36.0M$51.4M$64.5M$75.6M$89.6M$93.2M$86.8M$86.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$15.9M-$13.0M-$17.4M-$16.8M-$13.8M-$15.3M-$4.7M$3.0M$1.1M$2.1M
Depreciation and amortisation $628.0K$665.0K$927.0K$1.0M$1.0M$1.2M$1.4M$1.5M$1.3M$1.5M
Stock-based compensation $2.8M$2.3M$2.8M$2.5M$3.0M$2.9M$2.6M$2.3M$2.1M$1.9M
Capital expenditure $486.0K$45.0K$645.0K$316.0K$774.0K$203.0K$331.0K$2.1M$1.3M$219.0K
Investing cash flow -$486.0K$11.3M$2.8M$6.7M$4.2M$3.3M$10.0M-$3.5M$2.8M$4.8M
Financing cash flow $70.2M$633.0K$1.8M$402.0K$2.4M$4.7M$3.7M$2.7M$2.6M-$5.1M
Buybacks ———————$103.0K—$7.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-084241.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Total current liabilities
  • Depreciation and amortisation
  • Interest expense
  • Property, plant and equipment
Total current liabilities, Depreciation and amortisation, Interest expense, Property, plant and equipment by fiscal year, in US dollars The same figures are in the table below this chart. 0 5M 10M 15M Total current liabilities, FY2016: 10.5M Depreciation and amortisation, FY2016: 1.5M Property, plant and equipment, FY2016: 7.7M Total current liabilities, FY2017: 7.4M Depreciation and amortisation, FY2017: 1.3M Property, plant and equipment, FY2017: 8.2M Total current liabilities, FY2018: 8.7M Depreciation and amortisation, FY2018: 1.5M Property, plant and equipment, FY2018: 9M Total current liabilities, FY2019: 8.3M Depreciation and amortisation, FY2019: 1.4M Property, plant and equipment, FY2019: 8.1M Total current liabilities, FY2020: 7.5M Depreciation and amortisation, FY2020: 1.2M Property, plant and equipment, FY2020: 7.3M Total current liabilities, FY2021: 8.9M Depreciation and amortisation, FY2021: 1M Property, plant and equipment, FY2021: 7.4M Total current liabilities, FY2022: 7.2M Depreciation and amortisation, FY2022: 1M Property, plant and equipment, FY2022: 7.4M Total current liabilities, FY2023: 5.4M Depreciation and amortisation, FY2023: 927K Property, plant and equipment, FY2023: 1.1M Total current liabilities, FY2024: 7.1M Depreciation and amortisation, FY2024: 665K Property, plant and equipment, FY2024: 808K Total current liabilities, FY2025: 9.2M Depreciation and amortisation, FY2025: 628K Property, plant and equipment, FY2025: 883K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Total current liabilities $10.5M $7.4M $8.7M $8.3M $7.5M $8.9M $7.2M $5.4M $7.1M $9.2M
Depreciation and amortisation $1.5M $1.3M $1.5M $1.4M $1.2M $1.0M $1.0M $927.0K $665.0K $628.0K
Interest expense — — — — — — — — — —
Property, plant and equipment $7.7M $8.2M $9.0M $8.1M $7.3M $7.4M $7.4M $1.1M $808.0K $883.0K

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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