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Side-by-side financial comparison of GSI TECHNOLOGY INC (GSIT) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.
Velo3D, Inc. is the larger business by last-quarter revenue ($9.4M vs $6.1M, roughly 1.6× GSI TECHNOLOGY INC). GSI TECHNOLOGY INC runs the higher net margin — -49.7% vs -231.9%, a 182.2% gap on every dollar of revenue. On growth, GSI TECHNOLOGY INC posted the faster year-over-year revenue change (12.2% vs -25.2%). GSI TECHNOLOGY INC produced more free cash flow last quarter ($-8.2M vs $-8.3M). Over the past eight quarters, GSI TECHNOLOGY INC's revenue compounded faster (8.6% CAGR vs -1.8%).
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.
Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.
GSIT vs VELO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $9.4M |
| Net Profit | $-3.0M | $-21.9M |
| Gross Margin | 52.7% | -73.6% |
| Operating Margin | -113.7% | -231.0% |
| Net Margin | -49.7% | -231.9% |
| Revenue YoY | 12.2% | -25.2% |
| Net Profit YoY | 25.0% | -2.9% |
| EPS (diluted) | $-0.09 | $-0.87 |
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 | $9.4M | ||
| Q3 25 | $6.4M | $13.6M | ||
| Q2 25 | $6.3M | $13.6M | ||
| Q1 25 | $5.9M | $9.3M | ||
| Q4 24 | $5.4M | $12.6M | ||
| Q3 24 | $4.5M | $8.2M | ||
| Q2 24 | $4.7M | $10.3M | ||
| Q1 24 | $5.2M | $9.8M |
| Q4 25 | $-3.0M | $-21.9M | ||
| Q3 25 | $-3.2M | $-11.2M | ||
| Q2 25 | $-2.2M | $-13.3M | ||
| Q1 25 | $-2.2M | $-25.0M | ||
| Q4 24 | $-4.0M | $-21.3M | ||
| Q3 24 | $-5.5M | $-21.9M | ||
| Q2 24 | $1.1M | $935.0K | ||
| Q1 24 | $-4.3M | $-27.5M |
| Q4 25 | 52.7% | -73.6% | ||
| Q3 25 | 54.8% | 3.2% | ||
| Q2 25 | 58.1% | -11.7% | ||
| Q1 25 | 56.1% | 7.5% | ||
| Q4 24 | 54.0% | -3.5% | ||
| Q3 24 | 38.6% | 49.4% | ||
| Q2 24 | 46.3% | -28.0% | ||
| Q1 24 | 51.6% | -28.8% |
| Q4 25 | -113.7% | -231.0% | ||
| Q3 25 | -49.5% | -73.3% | ||
| Q2 25 | -34.6% | -85.4% | ||
| Q1 25 | -38.7% | -123.6% | ||
| Q4 24 | -74.9% | -167.0% | ||
| Q3 24 | -122.7% | -213.8% | ||
| Q2 24 | 23.1% | -187.7% | ||
| Q1 24 | -87.6% | -211.1% |
| Q4 25 | -49.7% | -231.9% | ||
| Q3 25 | -49.4% | -82.0% | ||
| Q2 25 | -35.3% | -97.7% | ||
| Q1 25 | -37.9% | -268.4% | ||
| Q4 24 | -74.4% | -168.5% | ||
| Q3 24 | -120.0% | -265.3% | ||
| Q2 24 | 23.1% | 9.0% | ||
| Q1 24 | -83.9% | -281.2% |
| Q4 25 | $-0.09 | $-0.87 | ||
| Q3 25 | $-0.11 | $-0.65 | ||
| Q2 25 | $-0.08 | $-0.94 | ||
| Q1 25 | $-0.09 | $-1.87 | ||
| Q4 24 | $-0.16 | $7.06 | ||
| Q3 24 | $-0.21 | $-35.52 | ||
| Q2 24 | $0.04 | $1.65 | ||
| Q1 24 | $-0.17 | $-55.51 |
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 | $39.0M |
| Total DebtLower is stronger | — | $31.0M |
| Stockholders' EquityBook value | $83.6M | $38.2M |
| Total Assets | $98.5M | $105.3M |
| Debt / EquityLower = less leverage | — | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.7M | $39.0M | ||
| Q3 25 | $25.3M | $11.8M | ||
| Q2 25 | $22.7M | $854.0K | ||
| Q1 25 | $13.4M | $3.9M | ||
| Q4 24 | $15.1M | $1.2M | ||
| Q3 24 | $18.4M | $1.6M | ||
| Q2 24 | $21.8M | $3.2M | ||
| Q1 24 | $14.4M | $10.9M |
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
| Q4 25 | $83.6M | $38.2M | ||
| Q3 25 | $38.6M | $29.9M | ||
| Q2 25 | $37.4M | $21.4M | ||
| Q1 25 | $28.2M | $32.8M | ||
| Q4 24 | $29.9M | $39.7M | ||
| Q3 24 | $33.3M | $34.4M | ||
| Q2 24 | $38.0M | $52.1M | ||
| Q1 24 | $36.0M | $45.5M |
| Q4 25 | $98.5M | $105.3M | ||
| Q3 25 | $52.0M | $93.7M | ||
| Q2 25 | $50.5M | $78.4M | ||
| Q1 25 | $43.3M | $91.3M | ||
| Q4 24 | $44.1M | $89.2M | ||
| Q3 24 | $47.4M | $110.8M | ||
| Q2 24 | $52.3M | $116.7M | ||
| Q1 24 | $42.5M | $136.1M |
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-7.7M |
| Free Cash FlowOCF − Capex | $-8.2M | $-8.3M |
| FCF MarginFCF / Revenue | -134.4% | -88.3% |
| Capex IntensityCapex / Revenue | 4.9% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-7.7M | ||
| Q3 25 | $-887.0K | $-6.0M | ||
| Q2 25 | $-1.7M | $-1.2M | ||
| Q1 25 | $-1.7M | $-12.3M | ||
| Q4 24 | $-3.6M | $-2.2M | ||
| Q3 24 | $-3.5M | $-2.0M | ||
| Q2 24 | $-4.3M | $-8.0M | ||
| Q1 24 | $-7.1M | $-20.5M |
| Q4 25 | $-8.2M | $-8.3M | ||
| Q3 25 | $-906.0K | $-6.3M | ||
| Q2 25 | $-1.7M | $-3.0M | ||
| Q1 25 | $-1.7M | — | ||
| Q4 24 | $-3.6M | $-2.2M | ||
| Q3 24 | $-3.5M | $-2.0M | ||
| Q2 24 | $-4.3M | $-8.0M | ||
| Q1 24 | $-7.2M | $-20.5M |
| Q4 25 | -134.4% | -88.3% | ||
| Q3 25 | -14.1% | -46.5% | ||
| Q2 25 | -27.6% | -22.2% | ||
| Q1 25 | -28.3% | — | ||
| Q4 24 | -66.1% | -17.7% | ||
| Q3 24 | -76.6% | -24.2% | ||
| Q2 24 | -92.0% | -77.1% | ||
| Q1 24 | -139.0% | -209.8% |
| Q4 25 | 4.9% | 6.4% | ||
| Q3 25 | 0.3% | 2.3% | ||
| Q2 25 | 0.3% | 13.3% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 0.2% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -3.96× | -8.52× | ||
| 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% |
VELO
Segment breakdown not available.
