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Side-by-side financial comparison of GSI TECHNOLOGY INC (GSIT) and Mawson Infrastructure Group Inc. (MIGI). Click either name above to swap in a different company.
GSI TECHNOLOGY INC is the larger business by last-quarter revenue ($6.1M vs $3.2M, roughly 1.9× Mawson Infrastructure Group Inc.). On growth, GSI TECHNOLOGY INC posted the faster year-over-year revenue change (12.2% vs -78.5%). Mawson Infrastructure Group Inc. produced more free cash flow last quarter ($-7.0M vs $-8.2M). Over the past eight quarters, GSI TECHNOLOGY INC's revenue compounded faster (8.6% CAGR vs -58.5%).
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.
Mawson Infrastructure Group Inc. is a global digital infrastructure provider that operates sustainable, energy-efficient data centers and specialized hosting solutions for blockchain and digital asset operations. Its core segments include cryptocurrency mining, colocation services, and low-carbon infrastructure development, with primary operational footprints across North America and Australia.
GSIT vs MIGI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $3.2M |
| Net Profit | $-3.0M | — |
| Gross Margin | 52.7% | — |
| Operating Margin | -113.7% | — |
| Net Margin | -49.7% | — |
| Revenue YoY | 12.2% | -78.5% |
| Net Profit YoY | 25.0% | -246.2% |
| EPS (diluted) | $-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 | $6.1M | $3.2M | ||
| Q3 25 | $6.4M | $13.2M | ||
| Q2 25 | $6.3M | $9.5M | ||
| Q1 25 | $5.9M | $13.8M | ||
| Q4 24 | $5.4M | $15.1M | ||
| Q3 24 | $4.5M | $12.3M | ||
| Q2 24 | $4.7M | $13.1M | ||
| Q1 24 | $5.2M | $18.8M |
| Q4 25 | $-3.0M | — | ||
| Q3 25 | $-3.2M | $327.7K | ||
| Q2 25 | $-2.2M | $-8.0M | ||
| Q1 25 | $-2.2M | $-310.9K | ||
| Q4 24 | $-4.0M | $-4.5M | ||
| Q3 24 | $-5.5M | $-12.2M | ||
| Q2 24 | $1.1M | $-9.6M | ||
| Q1 24 | $-4.3M | $-19.8M |
| Q4 25 | 52.7% | — | ||
| Q3 25 | 54.8% | 65.0% | ||
| Q2 25 | 58.1% | 41.3% | ||
| Q1 25 | 56.1% | 42.9% | ||
| Q4 24 | 54.0% | 30.9% | ||
| Q3 24 | 38.6% | 35.1% | ||
| Q2 24 | 46.3% | 32.9% | ||
| Q1 24 | 51.6% | 37.2% |
| Q4 25 | -113.7% | — | ||
| Q3 25 | -49.5% | 12.0% | ||
| Q2 25 | -34.6% | -68.9% | ||
| Q1 25 | -38.7% | 4.2% | ||
| Q4 24 | -74.9% | -35.2% | ||
| Q3 24 | -122.7% | -92.6% | ||
| Q2 24 | 23.1% | -51.5% | ||
| Q1 24 | -87.6% | -41.0% |
| Q4 25 | -49.7% | — | ||
| Q3 25 | -49.4% | 2.5% | ||
| Q2 25 | -35.3% | -84.1% | ||
| Q1 25 | -37.9% | -2.3% | ||
| Q4 24 | -74.4% | -30.0% | ||
| Q3 24 | -120.0% | -99.3% | ||
| Q2 24 | 23.1% | -73.4% | ||
| Q1 24 | -83.9% | -105.3% |
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-0.11 | $0.01 | ||
| Q2 25 | $-0.08 | $-0.40 | ||
| Q1 25 | $-0.09 | $-0.02 | ||
| Q4 24 | $-0.16 | $-49.35 | ||
| Q3 24 | $-0.21 | $-0.66 | ||
| Q2 24 | $0.04 | $-0.55 | ||
| Q1 24 | $-0.17 | $-1.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $70.7M | $13.3M |
| Total DebtLower is stronger | — | $25.2M |
| Stockholders' EquityBook value | $83.6M | $-3.1M |
| Total Assets | $98.5M | $57.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.7M | $13.3M | ||
| Q3 25 | $25.3M | $2.3M | ||
| Q2 25 | $22.7M | $3.2M | ||
| Q1 25 | $13.4M | $5.5M | ||
| Q4 24 | $15.1M | $6.1M | ||
| Q3 24 | $18.4M | $5.8M | ||
| Q2 24 | $21.8M | $6.8M | ||
| Q1 24 | $14.4M | $6.4M |
| Q4 25 | — | $25.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $20.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $393.2K | ||
| Q1 24 | — | $41.5K |
| Q4 25 | $83.6M | $-3.1M | ||
| Q3 25 | $38.6M | $-9.4M | ||
| Q2 25 | $37.4M | $-8.3M | ||
| Q1 25 | $28.2M | $-1.4M | ||
| Q4 24 | $29.9M | $-3.2M | ||
| Q3 24 | $33.3M | $-1.6M | ||
| Q2 24 | $38.0M | $4.4M | ||
| Q1 24 | $36.0M | $13.0M |
| Q4 25 | $98.5M | $57.4M | ||
| Q3 25 | $52.0M | $52.0M | ||
| Q2 25 | $50.5M | $52.7M | ||
| Q1 25 | $43.3M | $57.9M | ||
| Q4 24 | $44.1M | $61.4M | ||
| Q3 24 | $47.4M | $60.8M | ||
| Q2 24 | $52.3M | $65.6M | ||
| Q1 24 | $42.5M | $67.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | 0.00× |
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 | $-7.9M | $-6.9M |
| Free Cash FlowOCF − Capex | $-8.2M | $-7.0M |
| FCF MarginFCF / Revenue | -134.4% | -218.1% |
| Capex IntensityCapex / Revenue | 4.9% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.5M | $-10.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-6.9M | ||
| Q3 25 | $-887.0K | $-844.5K | ||
| Q2 25 | $-1.7M | $-2.1M | ||
| Q1 25 | $-1.7M | $-510.4K | ||
| Q4 24 | $-3.6M | $3.6M | ||
| Q3 24 | $-3.5M | $-1.2M | ||
| Q2 24 | $-4.3M | $2.5M | ||
| Q1 24 | $-7.1M | $1.9M |
| Q4 25 | $-8.2M | $-7.0M | ||
| Q3 25 | $-906.0K | $-859.7K | ||
| Q2 25 | $-1.7M | $-2.1M | ||
| Q1 25 | $-1.7M | $-516.9K | ||
| Q4 24 | $-3.6M | $1.6M | ||
| Q3 24 | $-3.5M | $-1.3M | ||
| Q2 24 | $-4.3M | $592.4K | ||
| Q1 24 | $-7.2M | $1.9M |
| Q4 25 | -134.4% | -218.1% | ||
| Q3 25 | -14.1% | -6.5% | ||
| Q2 25 | -27.6% | -22.3% | ||
| Q1 25 | -28.3% | -3.7% | ||
| Q4 24 | -66.1% | 10.7% | ||
| Q3 24 | -76.6% | -10.4% | ||
| Q2 24 | -92.0% | 4.5% | ||
| Q1 24 | -139.0% | 9.9% |
| Q4 25 | 4.9% | 4.6% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 0.3% | 0.5% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.1% | 13.0% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | 0.7% | 14.3% | ||
| Q1 24 | 0.2% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.58× | ||
| 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
GSIT
| Distribution | $5.6M | 92% |
| Other | $459.0K | 8% |
MIGI
Segment breakdown not available.
