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Side-by-side financial comparison of CSP INC (CSPI) and Samsara Inc. (IOT). Click either name above to swap in a different company.

Samsara Inc. is the larger business by last-quarter revenue ($416.0M vs $12.0M, roughly 34.6× CSP INC). Samsara Inc. runs the higher net margin — 1.9% vs 0.8%, a 1.1% gap on every dollar of revenue. On growth, Samsara Inc. posted the faster year-over-year revenue change (29.2% vs -23.2%). Samsara Inc. produced more free cash flow last quarter ($55.8M vs $-3.0M). Over the past eight quarters, Samsara Inc.'s revenue compounded faster (22.7% CAGR vs -6.3%).

CSP Inc. is a U.S.-based technology firm offering cybersecurity solutions, managed IT services, high-performance computing systems, and IT consulting support. It serves enterprises across healthcare, finance, manufacturing, and public sectors in North America and select global markets.

Samsara Inc. is an American IoT company headquartered in San Francisco, California, that provides telematics software and insights for physical operations. The company has customers across North America and Europe. Samsara developed a connected operations cloud platform that provides insights to physical operations organizations in the transportation, construction, energy, utilities, public sector and retail industries, and supports the safety and efficiency of those operations.

CSPI vs IOT — Head-to-Head

Bigger by revenue
IOT
IOT
34.6× larger
IOT
$416.0M
$12.0M
CSPI
Growing faster (revenue YoY)
IOT
IOT
+52.4% gap
IOT
29.2%
-23.2%
CSPI
Higher net margin
IOT
IOT
1.1% more per $
IOT
1.9%
0.8%
CSPI
More free cash flow
IOT
IOT
$58.9M more FCF
IOT
$55.8M
$-3.0M
CSPI
Faster 2-yr revenue CAGR
IOT
IOT
Annualised
IOT
22.7%
-6.3%
CSPI

Income Statement — Q1 2026 vs Q4 2026

Metric
CSPI
CSPI
IOT
IOT
Revenue
$12.0M
$416.0M
Net Profit
$91.0K
$7.8M
Gross Margin
39.3%
76.7%
Operating Margin
-0.9%
-0.4%
Net Margin
0.8%
1.9%
Revenue YoY
-23.2%
29.2%
Net Profit YoY
-80.7%
120.5%
EPS (diluted)
$0.01
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CSPI
CSPI
IOT
IOT
Q4 25
$12.0M
$416.0M
Q3 25
$14.5M
$391.5M
Q2 25
$15.4M
$366.9M
Q1 25
$13.1M
$346.3M
Q4 24
$15.7M
$322.0M
Q3 24
$13.0M
$300.2M
Q2 24
$13.1M
$280.7M
Q1 24
$13.7M
$276.3M
Net Profit
CSPI
CSPI
IOT
IOT
Q4 25
$91.0K
$7.8M
Q3 25
$-191.0K
$-16.8M
Q2 25
$-264.0K
$-22.1M
Q1 25
$-108.0K
$-11.2M
Q4 24
$472.0K
$-37.8M
Q3 24
$-1.7M
$-49.6M
Q2 24
$-185.0K
$-56.3M
Q1 24
$1.6M
$-113.4M
Gross Margin
CSPI
CSPI
IOT
IOT
Q4 25
39.3%
76.7%
Q3 25
36.6%
76.9%
Q2 25
28.8%
77.3%
Q1 25
32.0%
76.8%
Q4 24
29.1%
76.4%
Q3 24
28.4%
75.6%
Q2 24
35.0%
75.6%
Q1 24
47.3%
75.0%
Operating Margin
CSPI
CSPI
IOT
IOT
Q4 25
-0.9%
-0.4%
Q3 25
-3.7%
-6.8%
Q2 25
-7.9%
-9.1%
Q1 25
-7.6%
-5.3%
Q4 24
-2.3%
-14.7%
Q3 24
-15.7%
-19.4%
Q2 24
-5.5%
-23.5%
Q1 24
9.0%
-44.5%
Net Margin
CSPI
CSPI
IOT
IOT
Q4 25
0.8%
1.9%
Q3 25
-1.3%
-4.3%
Q2 25
-1.7%
-6.0%
Q1 25
-0.8%
-3.2%
Q4 24
3.0%
-11.7%
Q3 24
-12.7%
-16.5%
Q2 24
-1.4%
-20.1%
Q1 24
11.6%
-41.0%
EPS (diluted)
CSPI
CSPI
IOT
IOT
Q4 25
$0.01
$0.01
Q3 25
$-0.02
$-0.03
Q2 25
$-0.03
$-0.04
Q1 25
$-0.01
$-0.02
Q4 24
$0.05
$-0.07
Q3 24
$-0.17
$-0.09
Q2 24
$-0.02
$-0.10
Q1 24
$0.16
$-0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSPI
CSPI
IOT
IOT
Cash + ST InvestmentsLiquidity on hand
$24.9M
$275.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.8M
$1.3B
Total Assets
$69.2M
$2.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSPI
CSPI
IOT
IOT
Q4 25
$24.9M
$275.1M
Q3 25
$27.4M
$258.5M
Q2 25
$26.3M
$259.0M
Q1 25
$29.5M
$227.6M
Q4 24
$30.7M
$160.3M
Q3 24
$30.6M
$159.3M
Q2 24
$28.9M
$162.5M
Q1 24
$27.1M
$135.5M
Stockholders' Equity
CSPI
CSPI
IOT
IOT
Q4 25
$44.8M
$1.3B
Q3 25
$44.6M
$1.2B
Q2 25
$47.5M
$1.1B
Q1 25
$47.5M
$1.1B
Q4 24
$47.5M
$999.1M
Q3 24
$47.3M
$964.7M
Q2 24
$48.1M
$923.9M
Q1 24
$48.2M
$915.1M
Total Assets
CSPI
CSPI
IOT
IOT
Q4 25
$69.2M
$2.3B
Q3 25
$71.2M
$2.2B
Q2 25
$66.8M
$2.1B
Q1 25
$67.1M
$2.0B
Q4 24
$67.5M
$1.9B
Q3 24
$69.4M
$1.8B
Q2 24
$66.8M
$1.7B
Q1 24
$64.2M
$1.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CSPI
CSPI
IOT
IOT
Operating Cash FlowLast quarter
$-2.9M
$63.7M
Free Cash FlowOCF − Capex
$-3.0M
$55.8M
FCF MarginFCF / Revenue
-25.1%
13.4%
Capex IntensityCapex / Revenue
0.9%
1.9%
Cash ConversionOCF / Net Profit
-32.04×
8.20×
TTM Free Cash FlowTrailing 4 quarters
$-2.8M
$194.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSPI
CSPI
IOT
IOT
Q4 25
$-2.9M
$63.7M
Q3 25
$1.9M
$50.2M
Q2 25
$-3.3M
$52.6M
Q1 25
$1.9M
$53.9M
Q4 24
$1.7M
$36.0M
Q3 24
$-1.5M
$18.1M
Q2 24
$2.4M
$23.7M
Q1 24
$1.7M
$-41.9M
Free Cash Flow
CSPI
CSPI
IOT
IOT
Q4 25
$-3.0M
$55.8M
Q3 25
$1.7M
$44.2M
Q2 25
$-3.3M
$45.7M
Q1 25
$1.9M
$48.5M
Q4 24
$1.7M
$31.2M
Q3 24
$-1.5M
$13.1M
Q2 24
$2.4M
$18.6M
Q1 24
$1.6M
$-44.0M
FCF Margin
CSPI
CSPI
IOT
IOT
Q4 25
-25.1%
13.4%
Q3 25
11.5%
11.3%
Q2 25
-21.7%
12.5%
Q1 25
14.5%
14.0%
Q4 24
10.8%
9.7%
Q3 24
-11.7%
4.4%
Q2 24
17.9%
6.6%
Q1 24
11.9%
-15.9%
Capex Intensity
CSPI
CSPI
IOT
IOT
Q4 25
0.9%
1.9%
Q3 25
1.6%
1.5%
Q2 25
0.4%
1.9%
Q1 25
0.1%
1.5%
Q4 24
0.3%
1.5%
Q3 24
0.1%
1.7%
Q2 24
0.3%
1.8%
Q1 24
0.1%
0.8%
Cash Conversion
CSPI
CSPI
IOT
IOT
Q4 25
-32.04×
8.20×
Q3 25
Q2 25
Q1 25
Q4 24
3.69×
Q3 24
Q2 24
Q1 24
1.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CSPI
CSPI

Products$6.7M56%
Services$5.3M44%

IOT
IOT

Segment breakdown not available.

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