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Side-by-side financial comparison of CSP INC (CSPI) and Eightco Holdings Inc. (ORBS). Click either name above to swap in a different company.
CSP INC is the larger business by last-quarter revenue ($12.0M vs $10.2M, roughly 1.2× Eightco Holdings Inc.). CSP INC runs the higher net margin — 0.8% vs -2281.6%, a 2282.4% gap on every dollar of revenue. On growth, CSP INC posted the faster year-over-year revenue change (-23.2% vs -49.9%). CSP INC produced more free cash flow last quarter ($-3.0M vs $-11.0M). Over the past eight quarters, Eightco Holdings Inc.'s revenue compounded faster (13.1% 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.
CSPI vs ORBS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $10.2M |
| Net Profit | $91.0K | $-232.5M |
| Gross Margin | 39.3% | -13.0% |
| Operating Margin | -0.9% | -475.0% |
| Net Margin | 0.8% | -2281.6% |
| Revenue YoY | -23.2% | -49.9% |
| Net Profit YoY | -80.7% | -9183.3% |
| EPS (diluted) | $0.01 | $-2.34 |
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.
| Q4 25 | $12.0M | $10.2M | ||
| Q3 25 | $14.5M | $5.3M | ||
| Q2 25 | $15.4M | $7.6M | ||
| Q1 25 | $13.1M | $9.9M | ||
| Q4 24 | $15.7M | $20.3M | ||
| Q3 24 | $13.0M | $6.1M | ||
| Q2 24 | $13.1M | $5.3M | ||
| Q1 24 | $13.7M | $8.0M |
| Q4 25 | $91.0K | $-232.5M | ||
| Q3 25 | $-191.0K | $-25.8M | ||
| Q2 25 | $-264.0K | $-1.2M | ||
| Q1 25 | $-108.0K | $-2.5M | ||
| Q4 24 | $472.0K | $-2.5M | ||
| Q3 24 | $-1.7M | $-3.2M | ||
| Q2 24 | $-185.0K | $4.4M | ||
| Q1 24 | $1.6M | $1.9M |
| Q4 25 | 39.3% | -13.0% | ||
| Q3 25 | 36.6% | -3.7% | ||
| Q2 25 | 28.8% | 16.4% | ||
| Q1 25 | 32.0% | 8.2% | ||
| Q4 24 | 29.1% | 8.2% | ||
| Q3 24 | 28.4% | 26.5% | ||
| Q2 24 | 35.0% | 25.1% | ||
| Q1 24 | 47.3% | 17.5% |
| Q4 25 | -0.9% | -475.0% | ||
| Q3 25 | -3.7% | -116.9% | ||
| Q2 25 | -7.9% | -15.9% | ||
| Q1 25 | -7.6% | -14.3% | ||
| Q4 24 | -2.3% | -11.9% | ||
| Q3 24 | -15.7% | -29.1% | ||
| Q2 24 | -5.5% | -16.4% | ||
| Q1 24 | 9.0% | -39.6% |
| Q4 25 | 0.8% | -2281.6% | ||
| Q3 25 | -1.3% | -487.6% | ||
| Q2 25 | -1.7% | -15.4% | ||
| Q1 25 | -0.8% | -25.7% | ||
| Q4 24 | 3.0% | -12.3% | ||
| Q3 24 | -12.7% | -52.5% | ||
| Q2 24 | -1.4% | 84.2% | ||
| Q1 24 | 11.6% | 24.4% |
| Q4 25 | $0.01 | $-2.34 | ||
| Q3 25 | $-0.02 | $-0.58 | ||
| Q2 25 | $-0.03 | $-0.38 | ||
| Q1 25 | $-0.01 | $-0.84 | ||
| Q4 24 | $0.05 | $-1.44 | ||
| Q3 24 | $-0.17 | $-1.77 | ||
| Q2 24 | $-0.02 | $2.15 | ||
| Q1 24 | $0.16 | $1.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.9M | $58.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $44.8M | $232.6M |
| Total Assets | $69.2M | $250.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $58.5M | ||
| Q3 25 | $27.4M | $23.7M | ||
| Q2 25 | $26.3M | $696.3K | ||
| Q1 25 | $29.5M | $434.4K | ||
| Q4 24 | $30.7M | $239.2K | ||
| Q3 24 | $30.6M | $2.4M | ||
| Q2 24 | $28.9M | $363.1K | ||
| Q1 24 | $27.1M | $808.8K |
| Q4 25 | $44.8M | $232.6M | ||
| Q3 25 | $44.6M | $339.2M | ||
| Q2 25 | $47.5M | $8.9M | ||
| Q1 25 | $47.5M | $9.7M | ||
| Q4 24 | $47.5M | $11.9M | ||
| Q3 24 | $47.3M | $13.0M | ||
| Q2 24 | $48.1M | $13.8M | ||
| Q1 24 | $48.2M | $3.9M |
| Q4 25 | $69.2M | $250.2M | ||
| Q3 25 | $71.2M | $355.5M | ||
| Q2 25 | $66.8M | $48.7M | ||
| Q1 25 | $67.1M | $47.6M | ||
| Q4 24 | $67.5M | $50.8M | ||
| Q3 24 | $69.4M | $49.2M | ||
| Q2 24 | $66.8M | $48.4M | ||
| Q1 24 | $64.2M | $50.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.9M | $-11.0M |
| Free Cash FlowOCF − Capex | $-3.0M | $-11.0M |
| FCF MarginFCF / Revenue | -25.1% | -107.7% |
| Capex IntensityCapex / Revenue | 0.9% | 0.0% |
| Cash ConversionOCF / Net Profit | -32.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.9M | $-11.0M | ||
| Q3 25 | $1.9M | $-1.6M | ||
| Q2 25 | $-3.3M | $-659.2K | ||
| Q1 25 | $1.9M | $999.8K | ||
| Q4 24 | $1.7M | $-6.6M | ||
| Q3 24 | $-1.5M | $77.7K | ||
| Q2 24 | $2.4M | $-440.3K | ||
| Q1 24 | $1.7M | $-723.3K |
| Q4 25 | $-3.0M | $-11.0M | ||
| Q3 25 | $1.7M | — | ||
| Q2 25 | $-3.3M | $-661.3K | ||
| Q1 25 | $1.9M | $999.7K | ||
| Q4 24 | $1.7M | $-6.6M | ||
| Q3 24 | $-1.5M | $73.0K | ||
| Q2 24 | $2.4M | — | ||
| Q1 24 | $1.6M | — |
| Q4 25 | -25.1% | -107.7% | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | -21.7% | -8.7% | ||
| Q1 25 | 14.5% | 10.1% | ||
| Q4 24 | 10.8% | -32.7% | ||
| Q3 24 | -11.7% | 1.2% | ||
| Q2 24 | 17.9% | — | ||
| Q1 24 | 11.9% | — |
| Q4 25 | 0.9% | 0.0% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 0.4% | 0.0% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.3% | 0.0% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | -32.04× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.69× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.10× | ||
| Q1 24 | 1.04× | -0.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
ORBS
Segment breakdown not available.
