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Side-by-side financial comparison of CSP INC (CSPI) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $12.0M, roughly 1.4× CSP INC). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 0.8%, a 66.5% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs -23.2%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

CSPI vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.4× larger
SLGL
$17.3M
$12.0M
CSPI
Growing faster (revenue YoY)
SLGL
SLGL
+240.9% gap
SLGL
217.7%
-23.2%
CSPI
Higher net margin
SLGL
SLGL
66.5% more per $
SLGL
67.3%
0.8%
CSPI

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
CSPI
CSPI
SLGL
SLGL
Revenue
$12.0M
$17.3M
Net Profit
$91.0K
$11.6M
Gross Margin
39.3%
Operating Margin
-0.9%
65.1%
Net Margin
0.8%
67.3%
Revenue YoY
-23.2%
217.7%
Net Profit YoY
-80.7%
487.6%
EPS (diluted)
$0.01
$4.17

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
SLGL
SLGL
Q4 25
$12.0M
Q3 25
$14.5M
Q2 25
$15.4M
$17.3M
Q1 25
$13.1M
Q4 24
$15.7M
Q3 24
$13.0M
Q2 24
$13.1M
$5.4M
Q1 24
$13.7M
Net Profit
CSPI
CSPI
SLGL
SLGL
Q4 25
$91.0K
Q3 25
$-191.0K
Q2 25
$-264.0K
$11.6M
Q1 25
$-108.0K
Q4 24
$472.0K
Q3 24
$-1.7M
Q2 24
$-185.0K
$2.0M
Q1 24
$1.6M
Gross Margin
CSPI
CSPI
SLGL
SLGL
Q4 25
39.3%
Q3 25
36.6%
Q2 25
28.8%
Q1 25
32.0%
Q4 24
29.1%
Q3 24
28.4%
Q2 24
35.0%
Q1 24
47.3%
Operating Margin
CSPI
CSPI
SLGL
SLGL
Q4 25
-0.9%
Q3 25
-3.7%
Q2 25
-7.9%
65.1%
Q1 25
-7.6%
Q4 24
-2.3%
Q3 24
-15.7%
Q2 24
-5.5%
29.9%
Q1 24
9.0%
Net Margin
CSPI
CSPI
SLGL
SLGL
Q4 25
0.8%
Q3 25
-1.3%
Q2 25
-1.7%
67.3%
Q1 25
-0.8%
Q4 24
3.0%
Q3 24
-12.7%
Q2 24
-1.4%
36.4%
Q1 24
11.6%
EPS (diluted)
CSPI
CSPI
SLGL
SLGL
Q4 25
$0.01
Q3 25
$-0.02
Q2 25
$-0.03
$4.17
Q1 25
$-0.01
Q4 24
$0.05
Q3 24
$-0.17
Q2 24
$-0.02
$0.71
Q1 24
$0.16

Balance Sheet & Financial Strength

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

Metric
CSPI
CSPI
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$24.9M
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.8M
$31.9M
Total Assets
$69.2M
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSPI
CSPI
SLGL
SLGL
Q4 25
$24.9M
Q3 25
$27.4M
Q2 25
$26.3M
$24.3M
Q1 25
$29.5M
Q4 24
$30.7M
Q3 24
$30.6M
Q2 24
$28.9M
$26.5M
Q1 24
$27.1M
Stockholders' Equity
CSPI
CSPI
SLGL
SLGL
Q4 25
$44.8M
Q3 25
$44.6M
Q2 25
$47.5M
$31.9M
Q1 25
$47.5M
Q4 24
$47.5M
Q3 24
$47.3M
Q2 24
$48.1M
$34.9M
Q1 24
$48.2M
Total Assets
CSPI
CSPI
SLGL
SLGL
Q4 25
$69.2M
Q3 25
$71.2M
Q2 25
$66.8M
$39.3M
Q1 25
$67.1M
Q4 24
$67.5M
Q3 24
$69.4M
Q2 24
$66.8M
$42.0M
Q1 24
$64.2M

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
SLGL
SLGL
Operating Cash FlowLast quarter
$-2.9M
Free Cash FlowOCF − Capex
$-3.0M
FCF MarginFCF / Revenue
-25.1%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
-32.04×
TTM Free Cash FlowTrailing 4 quarters
$-2.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSPI
CSPI
SLGL
SLGL
Q4 25
$-2.9M
Q3 25
$1.9M
Q2 25
$-3.3M
Q1 25
$1.9M
Q4 24
$1.7M
Q3 24
$-1.5M
Q2 24
$2.4M
Q1 24
$1.7M
Free Cash Flow
CSPI
CSPI
SLGL
SLGL
Q4 25
$-3.0M
Q3 25
$1.7M
Q2 25
$-3.3M
Q1 25
$1.9M
Q4 24
$1.7M
Q3 24
$-1.5M
Q2 24
$2.4M
Q1 24
$1.6M
FCF Margin
CSPI
CSPI
SLGL
SLGL
Q4 25
-25.1%
Q3 25
11.5%
Q2 25
-21.7%
Q1 25
14.5%
Q4 24
10.8%
Q3 24
-11.7%
Q2 24
17.9%
Q1 24
11.9%
Capex Intensity
CSPI
CSPI
SLGL
SLGL
Q4 25
0.9%
Q3 25
1.6%
Q2 25
0.4%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.1%
Q2 24
0.3%
Q1 24
0.1%
Cash Conversion
CSPI
CSPI
SLGL
SLGL
Q4 25
-32.04×
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%

SLGL
SLGL

Segment breakdown not available.

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