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Side-by-side financial comparison of GSI TECHNOLOGY INC (GSIT) and PURE CYCLE CORP (PCYO). Click either name above to swap in a different company.

PURE CYCLE CORP is the larger business by last-quarter revenue ($9.1M vs $6.1M, roughly 1.5× GSI TECHNOLOGY INC). PURE CYCLE CORP runs the higher net margin — 50.0% vs -49.7%, a 99.7% gap on every dollar of revenue. On growth, PURE CYCLE CORP posted the faster year-over-year revenue change (58.8% vs 12.2%). Over the past eight quarters, PURE CYCLE CORP's revenue compounded faster (69.0% CAGR vs 8.6%).

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.

Pure Cycles, is a bicycle company based in Los Angeles, California that was founded by Michael Fishman, Jordan Schau, Zachary Schau and Austin Stoffers in 2010, as Pure Fix Cycles.

GSIT vs PCYO — Head-to-Head

Bigger by revenue
PCYO
PCYO
1.5× larger
PCYO
$9.1M
$6.1M
GSIT
Growing faster (revenue YoY)
PCYO
PCYO
+46.6% gap
PCYO
58.8%
12.2%
GSIT
Higher net margin
PCYO
PCYO
99.7% more per $
PCYO
50.0%
-49.7%
GSIT
Faster 2-yr revenue CAGR
PCYO
PCYO
Annualised
PCYO
69.0%
8.6%
GSIT

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
GSIT
GSIT
PCYO
PCYO
Revenue
$6.1M
$9.1M
Net Profit
$-3.0M
$4.6M
Gross Margin
52.7%
68.4%
Operating Margin
-113.7%
48.0%
Net Margin
-49.7%
50.0%
Revenue YoY
12.2%
58.8%
Net Profit YoY
25.0%
16.0%
EPS (diluted)
$-0.09
$0.19

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
PCYO
PCYO
Q4 25
$6.1M
$9.1M
Q3 25
$6.4M
$11.2M
Q2 25
$6.3M
$5.1M
Q1 25
$5.9M
$4.0M
Q4 24
$5.4M
$5.8M
Q3 24
$4.5M
$12.6M
Q2 24
$4.7M
$7.6M
Q1 24
$5.2M
$3.2M
Net Profit
GSIT
GSIT
PCYO
PCYO
Q4 25
$-3.0M
$4.6M
Q3 25
$-3.2M
$6.1M
Q2 25
$-2.2M
$2.3M
Q1 25
$-2.2M
$809.0K
Q4 24
$-4.0M
$3.9M
Q3 24
$-5.5M
$6.6M
Q2 24
$1.1M
$2.8M
Q1 24
$-4.3M
$118.0K
Gross Margin
GSIT
GSIT
PCYO
PCYO
Q4 25
52.7%
68.4%
Q3 25
54.8%
67.7%
Q2 25
58.1%
63.4%
Q1 25
56.1%
38.2%
Q4 24
54.0%
63.8%
Q3 24
38.6%
77.8%
Q2 24
46.3%
64.0%
Q1 24
51.6%
55.6%
Operating Margin
GSIT
GSIT
PCYO
PCYO
Q4 25
-113.7%
48.0%
Q3 25
-49.5%
53.1%
Q2 25
-34.6%
26.0%
Q1 25
-38.7%
-33.2%
Q4 24
-74.9%
29.9%
Q3 24
-122.7%
62.0%
Q2 24
23.1%
40.3%
Q1 24
-87.6%
-11.5%
Net Margin
GSIT
GSIT
PCYO
PCYO
Q4 25
-49.7%
50.0%
Q3 25
-49.4%
54.5%
Q2 25
-35.3%
43.9%
Q1 25
-37.9%
20.3%
Q4 24
-74.4%
68.4%
Q3 24
-120.0%
52.6%
Q2 24
23.1%
37.2%
Q1 24
-83.9%
3.7%
EPS (diluted)
GSIT
GSIT
PCYO
PCYO
Q4 25
$-0.09
$0.19
Q3 25
$-0.11
$0.26
Q2 25
$-0.08
$0.09
Q1 25
$-0.09
$0.03
Q4 24
$-0.16
$0.16
Q3 24
$-0.21
$0.27
Q2 24
$0.04
$0.12
Q1 24
$-0.17
$0.00

Balance Sheet & Financial Strength

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

Metric
GSIT
GSIT
PCYO
PCYO
Cash + ST InvestmentsLiquidity on hand
$70.7M
$17.1M
Total DebtLower is stronger
$8.0M
Stockholders' EquityBook value
$83.6M
$147.5M
Total Assets
$98.5M
$168.1M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSIT
GSIT
PCYO
PCYO
Q4 25
$70.7M
$17.1M
Q3 25
$25.3M
$21.9M
Q2 25
$22.7M
$14.4M
Q1 25
$13.4M
$16.5M
Q4 24
$15.1M
$19.0M
Q3 24
$18.4M
$22.1M
Q2 24
$21.8M
$20.5M
Q1 24
$14.4M
$20.6M
Total Debt
GSIT
GSIT
PCYO
PCYO
Q4 25
$8.0M
Q3 25
$6.8M
Q2 25
$6.9M
Q1 25
$6.9M
Q4 24
$6.9M
Q3 24
$6.9M
Q2 24
Q1 24
Stockholders' Equity
GSIT
GSIT
PCYO
PCYO
Q4 25
$83.6M
$147.5M
Q3 25
$38.6M
$142.7M
Q2 25
$37.4M
$136.7M
Q1 25
$28.2M
$134.4M
Q4 24
$29.9M
$133.6M
Q3 24
$33.3M
$129.7M
Q2 24
$38.0M
$123.2M
Q1 24
$36.0M
$120.4M
Total Assets
GSIT
GSIT
PCYO
PCYO
Q4 25
$98.5M
$168.1M
Q3 25
$52.0M
$162.3M
Q2 25
$50.5M
$151.7M
Q1 25
$43.3M
$149.7M
Q4 24
$44.1M
$149.7M
Q3 24
$47.4M
$147.4M
Q2 24
$52.3M
$140.4M
Q1 24
$42.5M
$135.2M
Debt / Equity
GSIT
GSIT
PCYO
PCYO
Q4 25
0.05×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.05×
Q2 24
Q1 24

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
PCYO
PCYO
Operating Cash FlowLast quarter
$-7.9M
$-979.0K
Free Cash FlowOCF − Capex
$-8.2M
FCF MarginFCF / Revenue
-134.4%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
-0.21×
TTM Free Cash FlowTrailing 4 quarters
$-12.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSIT
GSIT
PCYO
PCYO
Q4 25
$-7.9M
$-979.0K
Q3 25
$-887.0K
$9.4M
Q2 25
$-1.7M
$-503.0K
Q1 25
$-1.7M
$-1.4M
Q4 24
$-3.6M
$5.7M
Q3 24
$-3.5M
$3.1M
Q2 24
$-4.3M
$892.0K
Q1 24
$-7.1M
$-457.0K
Free Cash Flow
GSIT
GSIT
PCYO
PCYO
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
PCYO
PCYO
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
PCYO
PCYO
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
PCYO
PCYO
Q4 25
-0.21×
Q3 25
1.53×
Q2 25
-0.22×
Q1 25
-1.70×
Q4 24
1.44×
Q3 24
0.47×
Q2 24
-3.96×
0.32×
Q1 24
-3.87×

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%

PCYO
PCYO

Construction$6.5M71%
Water And Wastewater Resource Development Segment$2.5M27%

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