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
  • Inventory
  • Receivables
  • Total current liabilities
  • Interest expense
Inventory, Receivables, Total current liabilities, Interest expense by fiscal year, in US dollars The same figures are in the table below this chart. 0 5M 10M 15M Inventory, FY2016: 9.2M Receivables, FY2016: 6.3M Total current liabilities, FY2016: 10.5M Inventory, FY2017: 5.5M Receivables, FY2017: 5.3M Total current liabilities, FY2017: 7.4M Inventory, FY2018: 5.7M Receivables, FY2018: 7.3M Total current liabilities, FY2018: 8.7M Inventory, FY2019: 4.3M Receivables, FY2019: 6.3M Total current liabilities, FY2019: 8.3M Inventory, FY2020: 4.3M Receivables, FY2020: 3.7M Total current liabilities, FY2020: 7.5M Inventory, FY2021: 4.7M Receivables, FY2021: 4.5M Total current liabilities, FY2021: 8.9M Inventory, FY2022: 6.4M Receivables, FY2022: 3.5M Total current liabilities, FY2022: 7.2M Inventory, FY2023: 5M Receivables, FY2023: 3.1M Total current liabilities, FY2023: 5.4M Inventory, FY2024: 3.9M Receivables, FY2024: 3.2M Total current liabilities, FY2024: 7.1M Inventory, FY2025: 4.1M Receivables, FY2025: 4.2M Total current liabilities, FY2025: 9.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Inventory $9.2M $5.5M $5.7M $4.3M $4.3M $4.7M $6.4M $5.0M $3.9M $4.1M
Receivables $6.3M $5.3M $7.3M $6.3M $3.7M $4.5M $3.5M $3.1M $3.2M $4.2M
Total current liabilities $10.5M $7.4M $8.7M $8.3M $7.5M $8.9M $7.2M $5.4M $7.1M $9.2M
Interest expense — — — — — — — — — —

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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