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Side-by-side financial comparison of GSI TECHNOLOGY INC (GSIT) and SWK Holdings Corp (SWKH). Click either name above to swap in a different company.
SWK Holdings Corp is the larger business by last-quarter revenue ($8.7M vs $6.1M, roughly 1.4× GSI TECHNOLOGY INC). On growth, GSI TECHNOLOGY INC posted the faster year-over-year revenue change (12.2% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $-8.2M). Over the past eight quarters, GSI TECHNOLOGY INC's revenue compounded faster (8.6% CAGR vs -12.5%).
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.
SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.
GSIT vs SWKH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $8.7M |
| Net Profit | $-3.0M | $-19.4M |
| Gross Margin | 52.7% | — |
| Operating Margin | -113.7% | 9.9% |
| Net Margin | -49.7% | — |
| Revenue YoY | 12.2% | -29.7% |
| Net Profit YoY | 25.0% | -430.2% |
| EPS (diluted) | $-0.09 | $-1.59 |
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 | $8.7M | ||
| Q3 25 | $6.4M | $10.9M | ||
| Q2 25 | $6.3M | $10.1M | ||
| Q1 25 | $5.9M | $11.8M | ||
| Q4 24 | $5.4M | $12.4M | ||
| Q3 24 | $4.5M | $10.4M | ||
| Q2 24 | $4.7M | $10.8M | ||
| Q1 24 | $5.2M | $11.4M |
| Q4 25 | $-3.0M | $-19.4M | ||
| Q3 25 | $-3.2M | $8.8M | ||
| Q2 25 | $-2.2M | $3.5M | ||
| Q1 25 | $-2.2M | $4.5M | ||
| Q4 24 | $-4.0M | $5.9M | ||
| Q3 24 | $-5.5M | $3.5M | ||
| Q2 24 | $1.1M | $3.7M | ||
| Q1 24 | $-4.3M | $468.0K |
| 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% | — |
| Q4 25 | -113.7% | 9.9% | ||
| Q3 25 | -49.5% | 61.3% | ||
| Q2 25 | -34.6% | 46.1% | ||
| Q1 25 | -38.7% | 68.6% | ||
| Q4 24 | -74.9% | 44.7% | ||
| Q3 24 | -122.7% | 39.2% | ||
| Q2 24 | 23.1% | 8.3% | ||
| Q1 24 | -87.6% | 9.5% |
| Q4 25 | -49.7% | — | ||
| Q3 25 | -49.4% | 80.7% | ||
| Q2 25 | -35.3% | 35.2% | ||
| Q1 25 | -37.9% | 38.4% | ||
| Q4 24 | -74.4% | 47.5% | ||
| Q3 24 | -120.0% | 33.3% | ||
| Q2 24 | 23.1% | 33.9% | ||
| Q1 24 | -83.9% | 4.1% |
| Q4 25 | $-0.09 | $-1.59 | ||
| Q3 25 | $-0.11 | $0.72 | ||
| Q2 25 | $-0.08 | $0.29 | ||
| Q1 25 | $-0.09 | $0.37 | ||
| Q4 24 | $-0.16 | $0.47 | ||
| Q3 24 | $-0.21 | $0.28 | ||
| Q2 24 | $0.04 | $0.30 | ||
| Q1 24 | $-0.17 | $0.04 |
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 | $42.8M |
| Total DebtLower is stronger | — | $33.0M |
| Stockholders' EquityBook value | $83.6M | $235.1M |
| Total Assets | $98.5M | $272.4M |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.7M | $42.8M | ||
| Q3 25 | $25.3M | $10.2M | ||
| Q2 25 | $22.7M | $8.0M | ||
| Q1 25 | $13.4M | $29.8M | ||
| Q4 24 | $15.1M | $5.9M | ||
| Q3 24 | $18.4M | $17.2M | ||
| Q2 24 | $21.8M | $5.5M | ||
| Q1 24 | $14.4M | $5.5M |
| Q4 25 | — | $33.0M | ||
| Q3 25 | — | $33.0M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $33.0M | ||
| Q4 24 | — | $33.0M | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $33.0M | ||
| Q1 24 | — | $33.0M |
| Q4 25 | $83.6M | $235.1M | ||
| Q3 25 | $38.6M | $254.2M | ||
| Q2 25 | $37.4M | $246.5M | ||
| Q1 25 | $28.2M | $292.7M | ||
| Q4 24 | $29.9M | $288.7M | ||
| Q3 24 | $33.3M | $283.4M | ||
| Q2 24 | $38.0M | $282.8M | ||
| Q1 24 | $36.0M | $279.9M |
| Q4 25 | $98.5M | $272.4M | ||
| Q3 25 | $52.0M | $289.4M | ||
| Q2 25 | $50.5M | $285.7M | ||
| Q1 25 | $43.3M | $331.3M | ||
| Q4 24 | $44.1M | $332.2M | ||
| Q3 24 | $47.4M | $321.3M | ||
| Q2 24 | $52.3M | $321.0M | ||
| Q1 24 | $42.5M | $322.0M |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $27.3M |
| Free Cash FlowOCF − Capex | $-8.2M | $26.8M |
| FCF MarginFCF / Revenue | -134.4% | 308.1% |
| Capex IntensityCapex / Revenue | 4.9% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.5M | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $27.3M | ||
| Q3 25 | $-887.0K | $906.0K | ||
| Q2 25 | $-1.7M | $7.8M | ||
| Q1 25 | $-1.7M | $8.3M | ||
| Q4 24 | $-3.6M | $23.0M | ||
| Q3 24 | $-3.5M | $6.3M | ||
| Q2 24 | $-4.3M | $5.4M | ||
| Q1 24 | $-7.1M | $4.4M |
| Q4 25 | $-8.2M | $26.8M | ||
| Q3 25 | $-906.0K | $557.0K | ||
| Q2 25 | $-1.7M | $7.7M | ||
| Q1 25 | $-1.7M | $8.2M | ||
| Q4 24 | $-3.6M | $22.9M | ||
| Q3 24 | $-3.5M | $6.3M | ||
| Q2 24 | $-4.3M | $5.4M | ||
| Q1 24 | $-7.2M | — |
| Q4 25 | -134.4% | 308.1% | ||
| Q3 25 | -14.1% | 5.1% | ||
| Q2 25 | -27.6% | 77.0% | ||
| Q1 25 | -28.3% | 69.1% | ||
| Q4 24 | -66.1% | 185.3% | ||
| Q3 24 | -76.6% | 60.4% | ||
| Q2 24 | -92.0% | 49.7% | ||
| Q1 24 | -139.0% | — |
| Q4 25 | 4.9% | 5.9% | ||
| Q3 25 | 0.3% | 3.2% | ||
| Q2 25 | 0.3% | 0.6% | ||
| Q1 25 | 0.1% | 0.8% | ||
| Q4 24 | 0.1% | 1.1% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | 0.7% | 0.2% | ||
| Q1 24 | 0.2% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 3.93× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | -3.96× | 1.47× | ||
| Q1 24 | — | 9.47× |
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% |
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
