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Side-by-side financial comparison of GSI TECHNOLOGY INC (GSIT) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.

MODIV INDUSTRIAL, INC. is the larger business by last-quarter revenue ($11.1M vs $6.1M, roughly 1.8× GSI TECHNOLOGY INC). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -49.7%, a 60.7% gap on every dollar of revenue. On growth, GSI TECHNOLOGY INC posted the faster year-over-year revenue change (12.2% vs -5.6%). Over the past eight quarters, GSI TECHNOLOGY INC's revenue compounded faster (8.6% CAGR vs -3.8%).

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.

MODIV INDUSTRIAL, INC. is a U.S.-based industrial real estate enterprise focused on acquiring, owning and operating high-quality industrial properties mainly located in key logistics and distribution hubs across North America. It serves tenants from sectors including e-commerce fulfillment, manufacturing and third-party logistics, addressing rising demand for modern supply chain infrastructure.

GSIT vs MDV — Head-to-Head

Bigger by revenue
MDV
MDV
1.8× larger
MDV
$11.1M
$6.1M
GSIT
Growing faster (revenue YoY)
GSIT
GSIT
+17.8% gap
GSIT
12.2%
-5.6%
MDV
Higher net margin
MDV
MDV
60.7% more per $
MDV
11.0%
-49.7%
GSIT
Faster 2-yr revenue CAGR
GSIT
GSIT
Annualised
GSIT
8.6%
-3.8%
MDV

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
GSIT
GSIT
MDV
MDV
Revenue
$6.1M
$11.1M
Net Profit
$-3.0M
$1.2M
Gross Margin
52.7%
Operating Margin
-113.7%
45.8%
Net Margin
-49.7%
11.0%
Revenue YoY
12.2%
-5.6%
Net Profit YoY
25.0%
-22.0%
EPS (diluted)
$-0.09
$0.02

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
GSIT
GSIT
MDV
MDV
Q4 25
$6.1M
$11.1M
Q3 25
$6.4M
$11.7M
Q2 25
$6.3M
$11.8M
Q1 25
$5.9M
$11.8M
Q4 24
$5.4M
$11.7M
Q3 24
$4.5M
$11.7M
Q2 24
$4.7M
$11.4M
Q1 24
$5.2M
$12.0M
Net Profit
GSIT
GSIT
MDV
MDV
Q4 25
$-3.0M
$1.2M
Q3 25
$-3.2M
$1.0M
Q2 25
$-2.2M
$-2.0M
Q1 25
$-2.2M
$829.0K
Q4 24
$-4.0M
$1.6M
Q3 24
$-5.5M
$-587.0K
Q2 24
$1.1M
$1.3M
Q1 24
$-4.3M
$3.7M
Gross Margin
GSIT
GSIT
MDV
MDV
Q4 25
52.7%
Q3 25
54.8%
Q2 25
58.1%
Q1 25
56.1%
Q4 24
54.0%
Q3 24
38.6%
Q2 24
46.3%
Q1 24
51.6%
Operating Margin
GSIT
GSIT
MDV
MDV
Q4 25
-113.7%
45.8%
Q3 25
-49.5%
41.4%
Q2 25
-34.6%
9.8%
Q1 25
-38.7%
40.2%
Q4 24
-74.9%
45.4%
Q3 24
-122.7%
42.0%
Q2 24
23.1%
44.6%
Q1 24
-87.6%
55.6%
Net Margin
GSIT
GSIT
MDV
MDV
Q4 25
-49.7%
11.0%
Q3 25
-49.4%
9.0%
Q2 25
-35.3%
-17.1%
Q1 25
-37.9%
7.0%
Q4 24
-74.4%
13.3%
Q3 24
-120.0%
-5.0%
Q2 24
23.1%
11.6%
Q1 24
-83.9%
31.1%
EPS (diluted)
GSIT
GSIT
MDV
MDV
Q4 25
$-0.09
$0.02
Q3 25
$-0.11
$0.00
Q2 25
$-0.08
$-0.32
Q1 25
$-0.09
$-0.01
Q4 24
$-0.16
$0.07
Q3 24
$-0.21
$-0.18
Q2 24
$0.04
$0.03
Q1 24
$-0.17
$0.33

Balance Sheet & Financial Strength

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

Metric
GSIT
GSIT
MDV
MDV
Cash + ST InvestmentsLiquidity on hand
$70.7M
$14.4M
Total DebtLower is stronger
$261.5M
Stockholders' EquityBook value
$83.6M
$162.7M
Total Assets
$98.5M
$476.5M
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSIT
GSIT
MDV
MDV
Q4 25
$70.7M
$14.4M
Q3 25
$25.3M
$8.3M
Q2 25
$22.7M
$5.8M
Q1 25
$13.4M
$6.2M
Q4 24
$15.1M
$11.5M
Q3 24
$18.4M
$6.8M
Q2 24
$21.8M
$18.9M
Q1 24
$14.4M
$18.4M
Total Debt
GSIT
GSIT
MDV
MDV
Q4 25
$261.5M
Q3 25
$279.7M
Q2 25
$279.7M
Q1 25
$279.7M
Q4 24
$279.8M
Q3 24
$279.7M
Q2 24
$279.7M
Q1 24
$279.6M
Stockholders' Equity
GSIT
GSIT
MDV
MDV
Q4 25
$83.6M
$162.7M
Q3 25
$38.6M
$164.8M
Q2 25
$37.4M
$165.6M
Q1 25
$28.2M
$171.1M
Q4 24
$29.9M
$190.1M
Q3 24
$33.3M
$186.3M
Q2 24
$38.0M
$187.0M
Q1 24
$36.0M
$188.0M
Total Assets
GSIT
GSIT
MDV
MDV
Q4 25
$98.5M
$476.5M
Q3 25
$52.0M
$499.6M
Q2 25
$50.5M
$498.9M
Q1 25
$43.3M
$506.8M
Q4 24
$44.1M
$507.8M
Q3 24
$47.4M
$507.4M
Q2 24
$52.3M
$519.5M
Q1 24
$42.5M
$522.5M
Debt / Equity
GSIT
GSIT
MDV
MDV
Q4 25
1.61×
Q3 25
1.70×
Q2 25
1.69×
Q1 25
1.63×
Q4 24
1.47×
Q3 24
1.50×
Q2 24
1.50×
Q1 24
1.49×

Cash Flow & Capital Efficiency

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

Metric
GSIT
GSIT
MDV
MDV
Operating Cash FlowLast quarter
$-7.9M
$15.0M
Free Cash FlowOCF − Capex
$-8.2M
FCF MarginFCF / Revenue
-134.4%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
12.34×
TTM Free Cash FlowTrailing 4 quarters
$-12.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSIT
GSIT
MDV
MDV
Q4 25
$-7.9M
$15.0M
Q3 25
$-887.0K
$4.1M
Q2 25
$-1.7M
$3.9M
Q1 25
$-1.7M
$3.0M
Q4 24
$-3.6M
$18.2M
Q3 24
$-3.5M
$5.1M
Q2 24
$-4.3M
$4.7M
Q1 24
$-7.1M
$3.0M
Free Cash Flow
GSIT
GSIT
MDV
MDV
Q4 25
$-8.2M
Q3 25
$-906.0K
Q2 25
$-1.7M
Q1 25
$-1.7M
Q4 24
$-3.6M
Q3 24
$-3.5M
Q2 24
$-4.3M
Q1 24
$-7.2M
FCF Margin
GSIT
GSIT
MDV
MDV
Q4 25
-134.4%
Q3 25
-14.1%
Q2 25
-27.6%
Q1 25
-28.3%
Q4 24
-66.1%
Q3 24
-76.6%
Q2 24
-92.0%
Q1 24
-139.0%
Capex Intensity
GSIT
GSIT
MDV
MDV
Q4 25
4.9%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.7%
Q1 24
0.2%
Cash Conversion
GSIT
GSIT
MDV
MDV
Q4 25
12.34×
Q3 25
3.95×
Q2 25
Q1 25
3.68×
Q4 24
11.72×
Q3 24
Q2 24
-3.96×
3.55×
Q1 24
0.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GSIT
GSIT

Distribution$5.6M92%
Other$459.0K8%

MDV
MDV

Segment breakdown not available.

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