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Side-by-side financial comparison of GSI TECHNOLOGY INC (GSIT) and SES AI Corp (SES). Click either name above to swap in a different company.
GSI TECHNOLOGY INC is the larger business by last-quarter revenue ($6.1M vs $4.6M, roughly 1.3× SES AI Corp). GSI TECHNOLOGY INC runs the higher net margin — -49.7% vs -373.5%, a 323.8% gap on every dollar of revenue. GSI TECHNOLOGY INC produced more free cash flow last quarter ($-8.2M vs $-11.1M).
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.
SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.
GSIT vs SES — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $4.6M |
| Net Profit | $-3.0M | $-17.0M |
| Gross Margin | 52.7% | 11.3% |
| Operating Margin | -113.7% | -387.7% |
| Net Margin | -49.7% | -373.5% |
| Revenue YoY | 12.2% | — |
| Net Profit YoY | 25.0% | 50.7% |
| EPS (diluted) | $-0.09 | $-0.05 |
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 | $4.6M | ||
| Q3 25 | $6.4M | $7.1M | ||
| Q2 25 | $6.3M | $3.5M | ||
| Q1 25 | $5.9M | $5.8M | ||
| Q4 24 | $5.4M | — | ||
| Q3 24 | $4.5M | — | ||
| Q2 24 | $4.7M | — | ||
| Q1 24 | $5.2M | — |
| Q4 25 | $-3.0M | $-17.0M | ||
| Q3 25 | $-3.2M | $-20.9M | ||
| Q2 25 | $-2.2M | $-22.7M | ||
| Q1 25 | $-2.2M | $-12.4M | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $-5.5M | — | ||
| Q2 24 | $1.1M | — | ||
| Q1 24 | $-4.3M | — |
| Q4 25 | 52.7% | 11.3% | ||
| Q3 25 | 54.8% | 51.1% | ||
| Q2 25 | 58.1% | 73.7% | ||
| Q1 25 | 56.1% | 78.7% | ||
| Q4 24 | 54.0% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 46.3% | — | ||
| Q1 24 | 51.6% | — |
| Q4 25 | -113.7% | -387.7% | ||
| Q3 25 | -49.5% | -262.0% | ||
| Q2 25 | -34.6% | -652.3% | ||
| Q1 25 | -38.7% | -401.7% | ||
| Q4 24 | -74.9% | — | ||
| Q3 24 | -122.7% | — | ||
| Q2 24 | 23.1% | — | ||
| Q1 24 | -87.6% | — |
| Q4 25 | -49.7% | -373.5% | ||
| Q3 25 | -49.4% | -293.9% | ||
| Q2 25 | -35.3% | -642.2% | ||
| Q1 25 | -37.9% | -214.6% | ||
| Q4 24 | -74.4% | — | ||
| Q3 24 | -120.0% | — | ||
| Q2 24 | 23.1% | — | ||
| Q1 24 | -83.9% | — |
| Q4 25 | $-0.09 | $-0.05 | ||
| Q3 25 | $-0.11 | $-0.06 | ||
| Q2 25 | $-0.08 | $-0.07 | ||
| Q1 25 | $-0.09 | $-0.04 | ||
| Q4 24 | $-0.16 | — | ||
| Q3 24 | $-0.21 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-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 | $70.7M | $29.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $83.6M | $214.8M |
| Total Assets | $98.5M | $272.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.7M | $29.5M | ||
| Q3 25 | $25.3M | $35.3M | ||
| Q2 25 | $22.7M | $11.8M | ||
| Q1 25 | $13.4M | $56.1M | ||
| Q4 24 | $15.1M | — | ||
| Q3 24 | $18.4M | — | ||
| Q2 24 | $21.8M | — | ||
| Q1 24 | $14.4M | — |
| Q4 25 | $83.6M | $214.8M | ||
| Q3 25 | $38.6M | $228.2M | ||
| Q2 25 | $37.4M | $249.2M | ||
| Q1 25 | $28.2M | $269.9M | ||
| Q4 24 | $29.9M | — | ||
| Q3 24 | $33.3M | — | ||
| Q2 24 | $38.0M | — | ||
| Q1 24 | $36.0M | — |
| Q4 25 | $98.5M | $272.6M | ||
| Q3 25 | $52.0M | $288.8M | ||
| Q2 25 | $50.5M | $290.5M | ||
| Q1 25 | $43.3M | $306.0M | ||
| Q4 24 | $44.1M | — | ||
| Q3 24 | $47.4M | — | ||
| Q2 24 | $52.3M | — | ||
| Q1 24 | $42.5M | — |
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 | $-10.4M |
| Free Cash FlowOCF − Capex | $-8.2M | $-11.1M |
| FCF MarginFCF / Revenue | -134.4% | -243.7% |
| Capex IntensityCapex / Revenue | 4.9% | 15.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.5M | $-61.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-10.4M | ||
| Q3 25 | $-887.0K | $-14.3M | ||
| Q2 25 | $-1.7M | $-10.8M | ||
| Q1 25 | $-1.7M | $-22.8M | ||
| Q4 24 | $-3.6M | — | ||
| Q3 24 | $-3.5M | — | ||
| Q2 24 | $-4.3M | — | ||
| Q1 24 | $-7.1M | — |
| Q4 25 | $-8.2M | $-11.1M | ||
| Q3 25 | $-906.0K | $-14.7M | ||
| Q2 25 | $-1.7M | $-11.6M | ||
| Q1 25 | $-1.7M | $-23.7M | ||
| Q4 24 | $-3.6M | — | ||
| Q3 24 | $-3.5M | — | ||
| Q2 24 | $-4.3M | — | ||
| Q1 24 | $-7.2M | — |
| Q4 25 | -134.4% | -243.7% | ||
| Q3 25 | -14.1% | -206.9% | ||
| Q2 25 | -27.6% | -329.6% | ||
| Q1 25 | -28.3% | -410.0% | ||
| Q4 24 | -66.1% | — | ||
| Q3 24 | -76.6% | — | ||
| Q2 24 | -92.0% | — | ||
| Q1 24 | -139.0% | — |
| Q4 25 | 4.9% | 15.6% | ||
| Q3 25 | 0.3% | 6.0% | ||
| Q2 25 | 0.3% | 22.8% | ||
| Q1 25 | 0.1% | 15.8% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 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
GSIT
| Distribution | $5.6M | 92% |
| Other | $459.0K | 8% |
SES
Segment breakdown not available.
