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Side-by-side financial comparison of GSI TECHNOLOGY INC (GSIT) and Wave Life Sciences Ltd. (WVE). Click either name above to swap in a different company.

Wave Life Sciences Ltd. is the larger business by last-quarter revenue ($8.7M vs $6.1M, roughly 1.4× GSI TECHNOLOGY INC). GSI TECHNOLOGY INC runs the higher net margin — -49.7% vs -580.2%, a 530.5% gap on every dollar of revenue. On growth, GSI TECHNOLOGY INC posted the faster year-over-year revenue change (12.2% vs -55.8%). GSI TECHNOLOGY INC produced more free cash flow last quarter ($-8.2M vs $-46.3M). Over the past eight quarters, GSI TECHNOLOGY INC's revenue compounded faster (8.6% CAGR vs -18.0%).

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.

BIT Life Sciences is a for profit meetings, incentives, conferencing, exhibitions (MICE) company based in Dalian, China, that specializes in arranging multiple scientific congresses that have been described as "predatory". The company is part of a wave of organizations that have appeared in China in the past several years noted for arranging congresses with little academic merit and with the primary aim of generating revenue rather than scientific knowledge sharing. Papers submitted are usual...

GSIT vs WVE — Head-to-Head

Bigger by revenue
WVE
WVE
1.4× larger
WVE
$8.7M
$6.1M
GSIT
Growing faster (revenue YoY)
GSIT
GSIT
+68.1% gap
GSIT
12.2%
-55.8%
WVE
Higher net margin
GSIT
GSIT
530.5% more per $
GSIT
-49.7%
-580.2%
WVE
More free cash flow
GSIT
GSIT
$38.1M more FCF
GSIT
$-8.2M
$-46.3M
WVE
Faster 2-yr revenue CAGR
GSIT
GSIT
Annualised
GSIT
8.6%
-18.0%
WVE

Income Statement — Q3 FY2026 vs Q2 FY2025

Metric
GSIT
GSIT
WVE
WVE
Revenue
$6.1M
$8.7M
Net Profit
$-3.0M
$-50.5M
Gross Margin
52.7%
Operating Margin
-113.7%
-606.5%
Net Margin
-49.7%
-580.2%
Revenue YoY
12.2%
-55.8%
Net Profit YoY
25.0%
-53.3%
EPS (diluted)
$-0.09
$-0.31

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
WVE
WVE
Q4 25
$6.1M
Q3 25
$6.4M
Q2 25
$6.3M
$8.7M
Q1 25
$5.9M
$9.2M
Q4 24
$5.4M
Q3 24
$4.5M
Q2 24
$4.7M
$19.7M
Q1 24
$5.2M
$12.5M
Net Profit
GSIT
GSIT
WVE
WVE
Q4 25
$-3.0M
Q3 25
$-3.2M
Q2 25
$-2.2M
$-50.5M
Q1 25
$-2.2M
$-46.9M
Q4 24
$-4.0M
Q3 24
$-5.5M
Q2 24
$1.1M
$-32.9M
Q1 24
$-4.3M
$-31.6M
Gross Margin
GSIT
GSIT
WVE
WVE
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%
Operating Margin
GSIT
GSIT
WVE
WVE
Q4 25
-113.7%
Q3 25
-49.5%
Q2 25
-34.6%
-606.5%
Q1 25
-38.7%
-542.8%
Q4 24
-74.9%
Q3 24
-122.7%
Q2 24
23.1%
-177.7%
Q1 24
-87.6%
-274.8%
Net Margin
GSIT
GSIT
WVE
WVE
Q4 25
-49.7%
Q3 25
-49.4%
Q2 25
-35.3%
-580.2%
Q1 25
-37.9%
-510.9%
Q4 24
-74.4%
Q3 24
-120.0%
Q2 24
23.1%
-167.2%
Q1 24
-83.9%
-251.7%
EPS (diluted)
GSIT
GSIT
WVE
WVE
Q4 25
$-0.09
Q3 25
$-0.11
Q2 25
$-0.08
$-0.31
Q1 25
$-0.09
$-0.29
Q4 24
$-0.16
Q3 24
$-0.21
Q2 24
$0.04
$-0.25
Q1 24
$-0.17
$-0.24

Balance Sheet & Financial Strength

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

Metric
GSIT
GSIT
WVE
WVE
Cash + ST InvestmentsLiquidity on hand
$70.7M
$208.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$83.6M
$139.3M
Total Assets
$98.5M
$252.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSIT
GSIT
WVE
WVE
Q4 25
$70.7M
Q3 25
$25.3M
Q2 25
$22.7M
$208.5M
Q1 25
$13.4M
$243.1M
Q4 24
$15.1M
Q3 24
$18.4M
Q2 24
$21.8M
$154.0M
Q1 24
$14.4M
$180.9M
Stockholders' Equity
GSIT
GSIT
WVE
WVE
Q4 25
$83.6M
Q3 25
$38.6M
Q2 25
$37.4M
$139.3M
Q1 25
$28.2M
$171.8M
Q4 24
$29.9M
Q3 24
$33.3M
Q2 24
$38.0M
$-3.5M
Q1 24
$36.0M
$25.4M
Total Assets
GSIT
GSIT
WVE
WVE
Q4 25
$98.5M
Q3 25
$52.0M
Q2 25
$50.5M
$252.4M
Q1 25
$43.3M
$288.3M
Q4 24
$44.1M
Q3 24
$47.4M
Q2 24
$52.3M
$208.8M
Q1 24
$42.5M
$235.3M

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
WVE
WVE
Operating Cash FlowLast quarter
$-7.9M
$-46.0M
Free Cash FlowOCF − Capex
$-8.2M
$-46.3M
FCF MarginFCF / Revenue
-134.4%
-532.5%
Capex IntensityCapex / Revenue
4.9%
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.5M
$-170.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSIT
GSIT
WVE
WVE
Q4 25
$-7.9M
Q3 25
$-887.0K
Q2 25
$-1.7M
$-46.0M
Q1 25
$-1.7M
$-63.0M
Q4 24
$-3.6M
Q3 24
$-3.5M
Q2 24
$-4.3M
$-27.5M
Q1 24
$-7.1M
$-33.4M
Free Cash Flow
GSIT
GSIT
WVE
WVE
Q4 25
$-8.2M
Q3 25
$-906.0K
Q2 25
$-1.7M
$-46.3M
Q1 25
$-1.7M
$-63.2M
Q4 24
$-3.6M
Q3 24
$-3.5M
Q2 24
$-4.3M
$-27.5M
Q1 24
$-7.2M
$-33.8M
FCF Margin
GSIT
GSIT
WVE
WVE
Q4 25
-134.4%
Q3 25
-14.1%
Q2 25
-27.6%
-532.5%
Q1 25
-28.3%
-688.9%
Q4 24
-66.1%
Q3 24
-76.6%
Q2 24
-92.0%
-139.8%
Q1 24
-139.0%
-270.0%
Capex Intensity
GSIT
GSIT
WVE
WVE
Q4 25
4.9%
Q3 25
0.3%
Q2 25
0.3%
3.5%
Q1 25
0.1%
1.8%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.7%
0.3%
Q1 24
0.2%
3.3%
Cash Conversion
GSIT
GSIT
WVE
WVE
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
GSIT

Distribution$5.6M92%
Other$459.0K8%

WVE
WVE

Segment breakdown not available.

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