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Side-by-side financial comparison of GSI TECHNOLOGY INC (GSIT) and TECOGEN INC. (TGEN). Click either name above to swap in a different company.
GSI TECHNOLOGY INC is the larger business by last-quarter revenue ($6.1M vs $5.3M, roughly 1.1× TECOGEN INC.). GSI TECHNOLOGY INC runs the higher net margin — -49.7% vs -75.1%, a 25.4% gap on every dollar of revenue. On growth, GSI TECHNOLOGY INC posted the faster year-over-year revenue change (12.2% vs -12.5%). TECOGEN INC. produced more free cash flow last quarter ($-2.6M vs $-8.2M). Over the past eight quarters, GSI TECHNOLOGY INC's revenue compounded faster (8.6% CAGR vs -7.3%).
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.
GSIT vs TGEN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $5.3M |
| Net Profit | $-3.0M | $-4.0M |
| Gross Margin | 52.7% | 36.8% |
| Operating Margin | -113.7% | -77.8% |
| Net Margin | -49.7% | -75.1% |
| Revenue YoY | 12.2% | -12.5% |
| Net Profit YoY | 25.0% | -236.7% |
| EPS (diluted) | $-0.09 | $-0.14 |
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 | $5.3M | ||
| Q3 25 | $6.4M | $7.2M | ||
| Q2 25 | $6.3M | $7.3M | ||
| Q1 25 | $5.9M | $7.3M | ||
| Q4 24 | $5.4M | $6.1M | ||
| Q3 24 | $4.5M | $5.6M | ||
| Q2 24 | $4.7M | $4.7M | ||
| Q1 24 | $5.2M | $6.2M |
| Q4 25 | $-3.0M | $-4.0M | ||
| Q3 25 | $-3.2M | $-2.1M | ||
| Q2 25 | $-2.2M | $-1.5M | ||
| Q1 25 | $-2.2M | $-659.9K | ||
| Q4 24 | $-4.0M | $-1.2M | ||
| Q3 24 | $-5.5M | $-930.4K | ||
| Q2 24 | $1.1M | $-1.5M | ||
| Q1 24 | $-4.3M | $-1.1M |
| Q4 25 | 52.7% | 36.8% | ||
| Q3 25 | 54.8% | 30.4% | ||
| Q2 25 | 58.1% | 33.8% | ||
| Q1 25 | 56.1% | 44.3% | ||
| Q4 24 | 54.0% | 45.0% | ||
| Q3 24 | 38.6% | 44.1% | ||
| Q2 24 | 46.3% | 44.0% | ||
| Q1 24 | 51.6% | 41.6% |
| Q4 25 | -113.7% | -77.8% | ||
| Q3 25 | -49.5% | -29.2% | ||
| Q2 25 | -34.6% | -19.4% | ||
| Q1 25 | -38.7% | -8.2% | ||
| Q4 24 | -74.9% | -18.7% | ||
| Q3 24 | -122.7% | -15.5% | ||
| Q2 24 | 23.1% | -31.2% | ||
| Q1 24 | -87.6% | -17.0% |
| Q4 25 | -49.7% | -75.1% | ||
| Q3 25 | -49.4% | -29.7% | ||
| Q2 25 | -35.3% | -20.1% | ||
| Q1 25 | -37.9% | -9.1% | ||
| Q4 24 | -74.4% | -19.5% | ||
| Q3 24 | -120.0% | -16.5% | ||
| Q2 24 | 23.1% | -32.5% | ||
| Q1 24 | -83.9% | -17.9% |
| Q4 25 | $-0.09 | $-0.14 | ||
| Q3 25 | $-0.11 | $-0.07 | ||
| Q2 25 | $-0.08 | $-0.06 | ||
| Q1 25 | $-0.09 | $-0.03 | ||
| Q4 24 | $-0.16 | $-0.05 | ||
| Q3 24 | $-0.21 | $-0.04 | ||
| Q2 24 | $0.04 | $-0.06 | ||
| 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 | $12.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $83.6M | $21.6M |
| Total Assets | $98.5M | $37.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.7M | $12.4M | ||
| Q3 25 | $25.3M | $15.3M | ||
| Q2 25 | $22.7M | $1.6M | ||
| Q1 25 | $13.4M | $4.1M | ||
| Q4 24 | $15.1M | $5.4M | ||
| Q3 24 | $18.4M | $1.3M | ||
| Q2 24 | $21.8M | $841.9K | ||
| Q1 24 | $14.4M | $1.5M |
| Q4 25 | $83.6M | $21.6M | ||
| Q3 25 | $38.6M | $25.5M | ||
| Q2 25 | $37.4M | $9.1M | ||
| Q1 25 | $28.2M | $9.6M | ||
| Q4 24 | $29.9M | $10.2M | ||
| Q3 24 | $33.3M | $11.3M | ||
| Q2 24 | $38.0M | $12.2M | ||
| Q1 24 | $36.0M | $13.7M |
| Q4 25 | $98.5M | $37.0M | ||
| Q3 25 | $52.0M | $41.5M | ||
| Q2 25 | $50.5M | $28.4M | ||
| Q1 25 | $43.3M | $29.7M | ||
| Q4 24 | $44.1M | $31.1M | ||
| Q3 24 | $47.4M | $27.5M | ||
| Q2 24 | $52.3M | $27.2M | ||
| Q1 24 | $42.5M | $28.5M |
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 | $-2.6M |
| Free Cash FlowOCF − Capex | $-8.2M | $-2.6M |
| FCF MarginFCF / Revenue | -134.4% | -49.3% |
| Capex IntensityCapex / Revenue | 4.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.5M | $-10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-2.6M | ||
| Q3 25 | $-887.0K | $-3.6M | ||
| Q2 25 | $-1.7M | $-2.6M | ||
| Q1 25 | $-1.7M | $-1.2M | ||
| Q4 24 | $-3.6M | $4.2M | ||
| Q3 24 | $-3.5M | $-207.3K | ||
| Q2 24 | $-4.3M | $-157.9K | ||
| Q1 24 | $-7.1M | $248.2K |
| Q4 25 | $-8.2M | $-2.6M | ||
| Q3 25 | $-906.0K | $-3.6M | ||
| Q2 25 | $-1.7M | $-2.7M | ||
| Q1 25 | $-1.7M | $-1.3M | ||
| Q4 24 | $-3.6M | $4.0M | ||
| Q3 24 | $-3.5M | $-489.6K | ||
| Q2 24 | $-4.3M | $-609.6K | ||
| Q1 24 | $-7.2M | $143.3K |
| Q4 25 | -134.4% | -49.3% | ||
| Q3 25 | -14.1% | -50.6% | ||
| Q2 25 | -27.6% | -37.7% | ||
| Q1 25 | -28.3% | -17.9% | ||
| Q4 24 | -66.1% | 66.6% | ||
| Q3 24 | -76.6% | -8.7% | ||
| Q2 24 | -92.0% | -12.9% | ||
| Q1 24 | -139.0% | 2.3% |
| Q4 25 | 4.9% | 0.9% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 0.3% | 2.0% | ||
| Q1 25 | 0.1% | 1.8% | ||
| Q4 24 | 0.1% | 2.1% | ||
| Q3 24 | 0.1% | 5.0% | ||
| Q2 24 | 0.7% | 9.6% | ||
| Q1 24 | 0.2% | 1.7% |
| 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% |
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
