GSI TECHNOLOGY INCGSITEarnings & Financial Report
Triad GSI is an American voting machine vendor based in Xenia, Ohio. Their main products are election-related computer hardware and software for counting ballots, as well as voter registration.
Revenue
$4.5M
Gross Profit
$1.8M
Operating Profit
$-5.6M
Net Profit
$-5.5M
Gross Margin
38.6%
Operating Margin
-122.7%
Net Margin
-120.0%
YoY Growth
-20.3%
EPS
$-0.21
GSI TECHNOLOGY INC Q2 FY2025 Financial Summary
GSI TECHNOLOGY INC reported revenue of $4.5M (down 20.3% YoY) for Q2 FY2025, with a net profit of $-5.5M (down 34.6% YoY) (-120.0% margin). Cost of goods sold was $2.8M, operating expenses totaled $7.3M.
Key Financial Metrics
| Total Revenue | $4.5M |
|---|---|
| Net Profit | $-5.5M |
| Gross Margin | 38.6% |
| Operating Margin | -122.7% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
GSI TECHNOLOGY INC Q2 FY2025 revenue of $4.5M breaks down across 2 segments, led by Distribution at $3.9M (84.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Distribution | $3.9M | 84.9% |
| Other | $685.0K | 15.1% |
GSI TECHNOLOGY INC Revenue by Segment — Quarterly Trend
GSI TECHNOLOGY INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Distribution and Other) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Distribution | $5.6M | $6.0M | $5.8M | $5.6M |
| Other | $459.0K | $398.0K | $489.0K | $234.0K |
GSI TECHNOLOGY INC Annual Revenue by Year
GSI TECHNOLOGY INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $20.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $20.5M |
| 2024 | $21.8M |
| 2023 | $29.7M |
| 2022 | $33.4M |
GSI TECHNOLOGY INC Quarterly Revenue & Net Profit History
GSI TECHNOLOGY INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $6.1M | +12.2% | $-3.0M | -49.7% |
| Q2 FY2026 | $6.4M | +41.6% | $-3.2M | -49.4% |
| Q1 FY2026 | $6.3M | +34.5% | $-2.2M | -35.3% |
| Q4 FY2025 | $5.9M | +14.2% | $-2.2M | -37.9% |
| Q3 FY2025 | $5.4M | +1.8% | $-4.0M | -74.4% |
| Q2 FY2025 | $4.5M | -20.3% | $-5.5M | -120.0% |
| Q1 FY2025 | $4.7M | -16.4% | $1.1M | 23.1% |
| Q4 FY2024 | $5.2M | -4.3% | $-4.3M | -83.9% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.2M | $4.7M | $4.5M | $5.4M | $5.9M | $6.3M | $6.4M | $6.1M |
| YoY Growth | -4.3% | -16.4% | -20.3% | 1.8% | 14.2% | 34.5% | 41.6% | 12.2% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $42.5M | $52.3M | $47.4M | $44.1M | $43.3M | $50.5M | $52.0M | $98.5M |
| Liabilities | $6.5M | $14.3M | $14.1M | $14.2M | $15.1M | $13.1M | $13.4M | $14.8M |
| Equity | $36.0M | $38.0M | $33.3M | $29.9M | $28.2M | $37.4M | $38.6M | $83.6M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-7.1M | $-4.3M | $-3.5M | $-3.6M | $-1.7M | $-1.7M | $-887000 | $-7.9M |