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Side-by-side financial comparison of CSP INC (CSPI) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.
SS Innovations International, Inc. is the larger business by last-quarter revenue ($14.5M vs $12.0M, roughly 1.2× CSP INC). CSP INC runs the higher net margin — 0.8% vs -17.0%, a 17.8% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs -23.2%). CSP INC produced more free cash flow last quarter ($-3.0M vs $-3.2M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% 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.
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
CSPI vs SSII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $14.5M |
| Net Profit | $91.0K | $-2.5M |
| Gross Margin | 39.3% | 43.9% |
| Operating Margin | -0.9% | -3.7% |
| Net Margin | 0.8% | -17.0% |
| Revenue YoY | -23.2% | 79.1% |
| Net Profit YoY | -80.7% | -28.5% |
| 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.
| Q4 25 | $12.0M | $14.5M | ||
| Q3 25 | $14.5M | $12.8M | ||
| Q2 25 | $15.4M | $10.0M | ||
| Q1 25 | $13.1M | $5.1M | ||
| Q4 24 | $15.7M | $8.1M | ||
| Q3 24 | $13.0M | $4.4M | ||
| Q2 24 | $13.1M | $4.5M | ||
| Q1 24 | $13.7M | $3.6M |
| Q4 25 | $91.0K | $-2.5M | ||
| Q3 25 | $-191.0K | $-3.7M | ||
| Q2 25 | $-264.0K | $-256.7K | ||
| Q1 25 | $-108.0K | $-5.7M | ||
| Q4 24 | $472.0K | $-1.9M | ||
| Q3 24 | $-1.7M | $-3.2M | ||
| Q2 24 | $-185.0K | $-4.1M | ||
| Q1 24 | $1.6M | $-9.8M |
| Q4 25 | 39.3% | 43.9% | ||
| Q3 25 | 36.6% | 48.1% | ||
| Q2 25 | 28.8% | 59.1% | ||
| Q1 25 | 32.0% | 21.2% | ||
| Q4 24 | 29.1% | 48.9% | ||
| Q3 24 | 28.4% | 52.8% | ||
| Q2 24 | 35.0% | 31.9% | ||
| Q1 24 | 47.3% | 20.0% |
| Q4 25 | -0.9% | -3.7% | ||
| Q3 25 | -3.7% | -14.3% | ||
| Q2 25 | -7.9% | 1.0% | ||
| Q1 25 | -7.6% | -115.6% | ||
| Q4 24 | -2.3% | -22.7% | ||
| Q3 24 | -15.7% | -73.1% | ||
| Q2 24 | -5.5% | -90.9% | ||
| Q1 24 | 9.0% | -270.3% |
| Q4 25 | 0.8% | -17.0% | ||
| Q3 25 | -1.3% | -29.0% | ||
| Q2 25 | -1.7% | -2.6% | ||
| Q1 25 | -0.8% | -111.0% | ||
| Q4 24 | 3.0% | -23.7% | ||
| Q3 24 | -12.7% | -74.0% | ||
| Q2 24 | -1.4% | -91.8% | ||
| Q1 24 | 11.6% | -270.5% |
| Q4 25 | $0.01 | $-0.01 | ||
| Q3 25 | $-0.02 | $-0.02 | ||
| Q2 25 | $-0.03 | $0.00 | ||
| Q1 25 | $-0.01 | $-0.03 | ||
| Q4 24 | $0.05 | $-0.01 | ||
| Q3 24 | $-0.17 | $-0.02 | ||
| Q2 24 | $-0.02 | $-0.02 | ||
| Q1 24 | $0.16 | $-0.06 |
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 | $3.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $44.8M | $38.2M |
| Total Assets | $69.2M | $74.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $3.2M | ||
| Q3 25 | $27.4M | $5.7M | ||
| Q2 25 | $26.3M | $11.4M | ||
| Q1 25 | $29.5M | $15.9M | ||
| Q4 24 | $30.7M | $466.5K | ||
| Q3 24 | $30.6M | $220.4K | ||
| Q2 24 | $28.9M | $608.2K | ||
| Q1 24 | $27.1M | $948.1K |
| Q4 25 | $44.8M | $38.2M | ||
| Q3 25 | $44.6M | $39.6M | ||
| Q2 25 | $47.5M | $42.0M | ||
| Q1 25 | $47.5M | $40.6M | ||
| Q4 24 | $47.5M | $13.5M | ||
| Q3 24 | $47.3M | $13.7M | ||
| Q2 24 | $48.1M | $14.8M | ||
| Q1 24 | $48.2M | $16.7M |
| Q4 25 | $69.2M | $74.2M | ||
| Q3 25 | $71.2M | $69.6M | ||
| Q2 25 | $66.8M | $70.0M | ||
| Q1 25 | $67.1M | $63.5M | ||
| Q4 24 | $67.5M | $42.4M | ||
| Q3 24 | $69.4M | $39.0M | ||
| Q2 24 | $66.8M | $35.7M | ||
| Q1 24 | $64.2M | $35.2M |
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 | $-1.5M |
| Free Cash FlowOCF − Capex | $-3.0M | $-3.2M |
| FCF MarginFCF / Revenue | -25.1% | -22.3% |
| Capex IntensityCapex / Revenue | 0.9% | 11.8% |
| Cash ConversionOCF / Net Profit | -32.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.8M | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.9M | $-1.5M | ||
| Q3 25 | $1.9M | $-7.5M | ||
| Q2 25 | $-3.3M | $-3.5M | ||
| Q1 25 | $1.9M | $-6.1M | ||
| Q4 24 | $1.7M | $-3.3M | ||
| Q3 24 | $-1.5M | $-2.5M | ||
| Q2 24 | $2.4M | $-1.0M | ||
| Q1 24 | $1.7M | $-2.7M |
| Q4 25 | $-3.0M | $-3.2M | ||
| Q3 25 | $1.7M | $-8.2M | ||
| Q2 25 | $-3.3M | $-3.8M | ||
| Q1 25 | $1.9M | $-7.0M | ||
| Q4 24 | $1.7M | $-3.4M | ||
| Q3 24 | $-1.5M | $-4.2M | ||
| Q2 24 | $2.4M | $-3.1M | ||
| Q1 24 | $1.6M | $-2.8M |
| Q4 25 | -25.1% | -22.3% | ||
| Q3 25 | 11.5% | -64.1% | ||
| Q2 25 | -21.7% | -37.7% | ||
| Q1 25 | 14.5% | -136.2% | ||
| Q4 24 | 10.8% | -41.7% | ||
| Q3 24 | -11.7% | -96.9% | ||
| Q2 24 | 17.9% | -69.5% | ||
| Q1 24 | 11.9% | -76.9% |
| Q4 25 | 0.9% | 11.8% | ||
| Q3 25 | 1.6% | 5.9% | ||
| Q2 25 | 0.4% | 3.2% | ||
| Q1 25 | 0.1% | 17.0% | ||
| Q4 24 | 0.3% | 1.5% | ||
| Q3 24 | 0.1% | 38.8% | ||
| Q2 24 | 0.3% | 46.8% | ||
| Q1 24 | 0.1% | 3.5% |
| 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
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
