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Side-by-side financial comparison of Enovix Corp (ENVX) and GSI TECHNOLOGY INC (GSIT). Click either name above to swap in a different company.
Enovix Corp is the larger business by last-quarter revenue ($11.3M vs $6.1M, roughly 1.9× GSI TECHNOLOGY INC). GSI TECHNOLOGY INC runs the higher net margin — -49.7% vs -310.6%, a 260.9% gap on every dollar of revenue. On growth, Enovix Corp posted the faster year-over-year revenue change (15.9% vs 12.2%). GSI TECHNOLOGY INC produced more free cash flow last quarter ($-8.2M vs $-28.0M). Over the past eight quarters, Enovix Corp's revenue compounded faster (46.2% CAGR vs 8.6%).
Enovix Corp is an advanced battery technology company that designs, develops and manufactures high-energy-density 3D silicon anode lithium-ion batteries. Its products serve consumer electronics, wearable devices, electric vehicles, and renewable energy storage segments, with customers and operations across North America, Asia and Europe.
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.
ENVX vs GSIT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $11.3M | $6.1M |
| Net Profit | $-35.0M | $-3.0M |
| Gross Margin | 22.2% | 52.7% |
| Operating Margin | -390.5% | -113.7% |
| Net Margin | -310.6% | -49.7% |
| Revenue YoY | 15.9% | 12.2% |
| Net Profit YoY | 6.6% | 25.0% |
| EPS (diluted) | $-0.14 | $-0.09 |
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 | $11.3M | $6.1M | ||
| Q3 25 | $8.0M | $6.4M | ||
| Q2 25 | $7.5M | $6.3M | ||
| Q1 25 | $5.1M | $5.9M | ||
| Q4 24 | $9.7M | $5.4M | ||
| Q3 24 | $4.3M | $4.5M | ||
| Q2 24 | $3.8M | $4.7M | ||
| Q1 24 | $5.3M | $5.2M |
| Q4 25 | $-35.0M | $-3.0M | ||
| Q3 25 | $-53.7M | $-3.2M | ||
| Q2 25 | $-44.5M | $-2.2M | ||
| Q1 25 | $-23.5M | $-2.2M | ||
| Q4 24 | $-37.5M | $-4.0M | ||
| Q3 24 | $-22.5M | $-5.5M | ||
| Q2 24 | $-115.9M | $1.1M | ||
| Q1 24 | $-46.4M | $-4.3M |
| Q4 25 | 22.2% | 52.7% | ||
| Q3 25 | 17.5% | 54.8% | ||
| Q2 25 | 26.0% | 58.1% | ||
| Q1 25 | 5.1% | 56.1% | ||
| Q4 24 | 10.8% | 54.0% | ||
| Q3 24 | -14.9% | 38.6% | ||
| Q2 24 | -17.4% | 46.3% | ||
| Q1 24 | -34.1% | 51.6% |
| Q4 25 | -390.5% | -113.7% | ||
| Q3 25 | -587.9% | -49.5% | ||
| Q2 25 | -585.6% | -34.6% | ||
| Q1 25 | -834.8% | -38.7% | ||
| Q4 24 | -355.2% | -74.9% | ||
| Q3 24 | -1141.2% | -122.7% | ||
| Q2 24 | -2355.4% | 23.1% | ||
| Q1 24 | -1330.3% | -87.6% |
| Q4 25 | -310.6% | -49.7% | ||
| Q3 25 | -672.3% | -49.4% | ||
| Q2 25 | -596.3% | -35.3% | ||
| Q1 25 | -461.2% | -37.9% | ||
| Q4 24 | -385.6% | -74.4% | ||
| Q3 24 | -522.0% | -120.0% | ||
| Q2 24 | -3075.2% | 23.1% | ||
| Q1 24 | -879.5% | -83.9% |
| Q4 25 | $-0.14 | $-0.09 | ||
| Q3 25 | $-0.27 | $-0.11 | ||
| Q2 25 | $-0.22 | $-0.08 | ||
| Q1 25 | $-0.12 | $-0.09 | ||
| Q4 24 | $0.00 | $-0.16 | ||
| Q3 24 | $-0.28 | $-0.21 | ||
| Q2 24 | $-0.63 | $0.04 | ||
| Q1 24 | $-0.28 | $-0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $512.0M | $70.7M |
| Total DebtLower is stronger | $519.5M | — |
| Stockholders' EquityBook value | $271.2M | $83.6M |
| Total Assets | $879.0M | $98.5M |
| Debt / EquityLower = less leverage | 1.92× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $512.0M | $70.7M | ||
| Q3 25 | $558.8M | $25.3M | ||
| Q2 25 | $203.4M | $22.7M | ||
| Q1 25 | $248.2M | $13.4M | ||
| Q4 24 | $272.9M | $15.1M | ||
| Q3 24 | $200.9M | $18.4M | ||
| Q2 24 | $249.9M | $21.8M | ||
| Q1 24 | $262.4M | $14.4M |
| Q4 25 | $519.5M | — | ||
| Q3 25 | $518.6M | — | ||
| Q2 25 | $169.7M | — | ||
| Q1 25 | $169.4M | — | ||
| Q4 24 | $170.0M | — | ||
| Q3 24 | $168.9M | — | ||
| Q2 24 | $170.1M | — | ||
| Q1 24 | $169.8M | — |
| Q4 25 | $271.2M | $83.6M | ||
| Q3 25 | $294.3M | $38.6M | ||
| Q2 25 | $203.7M | $37.4M | ||
| Q1 25 | $235.1M | $28.2M | ||
| Q4 24 | $246.7M | $29.9M | ||
| Q3 24 | $167.6M | $33.3M | ||
| Q2 24 | $170.3M | $38.0M | ||
| Q1 24 | $229.3M | $36.0M |
| Q4 25 | $879.0M | $98.5M | ||
| Q3 25 | $913.7M | $52.0M | ||
| Q2 25 | $469.1M | $50.5M | ||
| Q1 25 | $499.0M | $43.3M | ||
| Q4 24 | $527.2M | $44.1M | ||
| Q3 24 | $448.0M | $47.4M | ||
| Q2 24 | $489.0M | $52.3M | ||
| Q1 24 | $508.9M | $42.5M |
| Q4 25 | 1.92× | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 0.83× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.74× | — |
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 | $-27.0M | $-7.9M |
| Free Cash FlowOCF − Capex | $-28.0M | $-8.2M |
| FCF MarginFCF / Revenue | -248.6% | -134.4% |
| Capex IntensityCapex / Revenue | 8.9% | 4.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-113.5M | $-12.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-27.0M | $-7.9M | ||
| Q3 25 | $-25.5M | $-887.0K | ||
| Q2 25 | $-25.9M | $-1.7M | ||
| Q1 25 | $-16.9M | $-1.7M | ||
| Q4 24 | $-16.0M | $-3.6M | ||
| Q3 24 | $-30.7M | $-3.5M | ||
| Q2 24 | $-26.9M | $-4.3M | ||
| Q1 24 | $-35.0M | $-7.1M |
| Q4 25 | $-28.0M | $-8.2M | ||
| Q3 25 | $-28.5M | $-906.0K | ||
| Q2 25 | $-33.8M | $-1.7M | ||
| Q1 25 | $-23.2M | $-1.7M | ||
| Q4 24 | $-32.3M | $-3.6M | ||
| Q3 24 | $-50.2M | $-3.5M | ||
| Q2 24 | $-52.2M | $-4.3M | ||
| Q1 24 | $-50.1M | $-7.2M |
| Q4 25 | -248.6% | -134.4% | ||
| Q3 25 | -356.7% | -14.1% | ||
| Q2 25 | -453.0% | -27.6% | ||
| Q1 25 | -454.7% | -28.3% | ||
| Q4 24 | -332.6% | -66.1% | ||
| Q3 24 | -1163.2% | -76.6% | ||
| Q2 24 | -1384.2% | -92.0% | ||
| Q1 24 | -950.9% | -139.0% |
| Q4 25 | 8.9% | 4.9% | ||
| Q3 25 | 37.2% | 0.3% | ||
| Q2 25 | 106.7% | 0.3% | ||
| Q1 25 | 123.0% | 0.1% | ||
| Q4 24 | 168.3% | 0.1% | ||
| Q3 24 | 452.5% | 0.1% | ||
| Q2 24 | 669.0% | 0.7% | ||
| Q1 24 | 286.2% | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -3.96× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENVX
Segment breakdown not available.
GSIT
| Distribution | $5.6M | 92% |
| Other | $459.0K | 8% |
