GSI Technology, Inc. (GSIT) 10-Year Financial Performance & Capital Metrics

GSIT • • Industrial / General

TechnologySemiconductorsDigital & Computing SemiconductorsMemory & Storage

AboutGSI Technology, Inc., a fabless semiconductor company, designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. The company's associative processing unit products offers applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets. In addition, it offers static random access memory (SRAM) products, such as SyncBurst for microprocessor cache and other applications; No Bus Turnaround SRAMs to address the needs of networking and telecom applications; SigmaQuad and SigmaDDR products for density and random transaction rate requirements of networking and telecom applications; Low Latency DRAMs a solution for advanced data networking applications; Asynchronous, a main memory for small cache-less embedded processors for industrial electronics, measurement systems and cost-sensitive networking equipment, and other applications; and specialty SRAMs. The company also provide radiation-hardened and radiation-tolerant SRAMs for aerospace and military applications, such as networking satellites and missiles. Its products are used as components in our OEM customers' products, including routers, switches and other networking and telecommunications products; military and aerospace applications, such as radar and guidance systems and satellites; audio/video processing; test and measurement applications consisting of high-speed testers; and automotive applications, such as smart cruise control; and medical applications, including ultrasound and CAT scan equipment. The company markets its products through a network of independent sales representatives and distributors. GSI Technology, Inc. was incorporated in 1995 and is headquartered in Sunnyvale, California.Show more

Revenue $21M -5.7%
EBITDA -$10M +47.9%
Net Income -$11M +47.0%
EPS (Diluted) -0.42 +47.5%
Gross Margin 49.42% -9.0%
EBITDA Margin -49.57% +44.7%
Operating Margin -52.81% +43.7%
Net Margin -51.85% +43.8%
ROE -33.15% +27.9%
ROIC -34.22% +46.5%
Debt/Equity 0.34 +707.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 92 (top 8%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Sales declining 13.9% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-9.14%

5Y-13.89%

3Y-14.98%

TTM22%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM23.79%

EPS CAGR

10Y-

5Y-

3Y-

TTM26.56%

ROCE

10Y Avg-17.17%

5Y Avg-30.34%

3Y Avg-33.74%

Latest-29.54%

Peer Comparison

Memory & Storage

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MRAMEverspin Technologies, Inc.	277.71M	12.15	345.17	-20.96%	-0.95%	-0.77%	1.46%	0.07
MUMicron Technology, Inc.	380.57B	338.13	44.55	48.85%	28.15%	20.25%	0.44%	0.28
NVECNVE Corporation	308.18M	63.71	20.49	-13.18%	55.79%	23.16%	4.24%	0.01
SIMOSilicon Motion Technology Corporation	3.86B	113.56	10.75	25.72%	10.18%	9.92%	0.85%	0.00
GSITGSI Technology, Inc.	270.66M	7.68	-18.29	-5.73%	-48.54%	-30.25%		0.34

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	52.74M	48.18M	42.64M	51.49M	43.34M	27.73M	33.38M	29.69M	21.77M	20.52M
Revenue Growth %	-0.01%	-0.09%	-0.11%	0.21%	-0.16%	-0.36%	0.2%	-0.11%	-0.27%	-0.06%
Cost of Goods Sold+	26M	21.76M	20.22M	19.86M	18M	14.51M	14.85M	12.01M	9.94M	10.38M
COGS % of Revenue	0.49%	0.45%	0.47%	0.39%	0.42%	0.52%	0.44%	0.4%	0.46%	0.51%
Gross Profit+	26.74M	26.42M	22.43M	31.63M	25.34M	13.22M	18.54M	17.68M	11.82M	10.14M
Gross Margin %	0.51%	0.55%	0.53%	0.61%	0.58%	0.48%	0.56%	0.6%	0.54%	0.49%
Gross Profit Growth %	0.06%	-0.01%	-0.15%	0.41%	-0.2%	-0.48%	0.4%	-0.05%	-0.33%	-0.14%
Operating Expenses+	29.76M	26.94M	26.9M	31.81M	36.15M	34.48M	34.89M	33.49M	32.25M	20.98M
OpEx % of Revenue	0.56%	0.56%	0.63%	0.62%	0.83%	1.24%	1.05%	1.13%	1.48%	1.02%
Selling, General & Admin	17.66M	11.14M	9.9M	10.46M	10.92M	11.14M	10.22M	9.94M	10.56M	10.76M
SG&A % of Revenue	0.33%	0.23%	0.23%	0.2%	0.25%	0.4%	0.31%	0.33%	0.49%	0.52%
Research & Development	12.1M	15.8M	17M	21.36M	25.22M	23.34M	24.67M	23.55M	21.69M	16M
R&D % of Revenue	0.23%	0.33%	0.4%	0.41%	0.58%	0.84%	0.74%	0.79%	1%	0.78%
Other Operating Expenses	-97K	166K	-12K	-221K	0	0	0	0	0	-5.79M
Operating Income+	-3.02M	-527K	-4.47M	-182K	-10.8M	-21.26M	-16.35M	-15.81M	-20.43M	-10.84M
Operating Margin %	-0.06%	-0.01%	-0.1%	-0%	-0.25%	-0.77%	-0.49%	-0.53%	-0.94%	-0.53%
Operating Income Growth %	0.5%	0.83%	-7.48%	0.96%	-58.35%	-0.97%	0.23%	0.03%	-0.29%	0.47%
EBITDA+	-1.56M	1M	-3.22M	1.27M	-9.37M	-20.05M	-14.98M	-14.79M	-19.5M	-10.17M
EBITDA Margin %	-0.03%	0.02%	-0.08%	0.02%	-0.22%	-0.72%	-0.45%	-0.5%	-0.9%	-0.5%
EBITDA Growth %	0.65%	1.64%	-4.21%	1.39%	-8.36%	-1.14%	0.25%	0.01%	-0.32%	0.48%
D&A (Non-Cash Add-back)	1.46M	1.53M	1.25M	1.45M	1.43M	1.21M	1.38M	1.01M	927K	665K
EBIT	-3.02M	-527K	-4.47M	-182K	-10.8M	-21.26M	-16.35M	-17.71M	-20.43M	-16.63M
Net Interest Income+	307K	312K	421K	671K	783K	295K	71K	308K	541K	445K
Interest Income	307K	312K	421K	671K	783K	295K	71K	308K	541K	445K
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	210K	478K	409K	450K	712K	94K	-60K	202K	414K	326K
Pretax Income+	-2.81M	-49K	-4.06M	268K	-10.09M	-21.17M	-16.41M	-15.61M	-20.02M	-10.51M
Pretax Margin %	-0.05%	-0%	-0.1%	0.01%	-0.23%	-0.76%	-0.49%	-0.53%	-0.92%	-0.51%
Income Tax+	-641K	66K	453K	105K	247K	335K	-45K	372K	70K	130K
Effective Tax Rate %	0.77%	2.35%	1.11%	0.61%	1.02%	1.02%	1%	1.02%	1%	1.01%
Net Income+	-2.17M	-115K	-4.51M	163K	-10.34M	-21.5M	-16.37M	-15.98M	-20.09M	-10.64M
Net Margin %	-0.04%	-0%	-0.11%	0%	-0.24%	-0.78%	-0.49%	-0.54%	-0.92%	-0.52%
Net Income Growth %	0.56%	0.95%	-38.26%	1.04%	-64.42%	-1.08%	0.24%	0.02%	-0.26%	0.47%
Net Income (Continuing)	-2.17M	-115K	-4.51M	163K	-10.34M	-21.5M	-16.37M	-15.98M	-20.09M	-10.64M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.10	-0.01	-0.21	0.01	-0.45	-0.91	-0.67	-0.65	-0.80	-0.42
EPS Growth %	0.52%	0.94%	-	1.03%	-	-1.02%	0.26%	0.03%	-0.23%	0.47%
EPS (Basic)	-0.10	-0.01	-0.21	0.01	-0.45	-0.91	-0.67	-0.65	-0.80	-0.42
Diluted Shares Outstanding	22.59M	20.65M	21.09M	23.35M	22.97M	23.67M	24.3M	24.59M	25.14M	25.55M
Basic Shares Outstanding	21.7M	20.65M	21.09M	23.35M	22.97M	23.67M	24.3M	24.59M	25.14M	25.55M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	71.96M	68.27M	71.27M	77.36M	79.11M	54.69M	54.69M	41.88M	30.11M	23.45M
Cash & Short-Term Investments	55.11M	49.94M	58.37M	61.84M	66.57M	43.96M	43.96M	30.57M	14.43M	13.43M
Cash Only	31.96M	33.74M	40.24M	42.49M	51.51M	36.97M	36.97M	27.21M	14.43M	13.43M
Short-Term Investments	23.15M	16.2M	18.12M	19.35M	15.06M	6.99M	6.99M	3.36M	0	0
Accounts Receivable	7.71M	6.57M	5.28M	7.34M	6.33M	4.74M	4.74M	3.63M	3.33M	3.86M
Days Sales Outstanding	53.35	49.73	45.19	52.03	53.31	62.45	51.87	44.59	55.89	68.74
Inventory	7.17M	9.21M	5.55M	5.68M	4.28M	4.66M	4.66M	6.42M	4.98M	3.89M
Days Inventory Outstanding	100.72	154.48	100.15	104.49	86.83	117.08	114.44	194.96	182.72	136.85
Other Current Assets	0	1.68M	1.12M	1.36M	1.15M	1.26M	1.26M	925K	6.7M	432K
Total Non-Current Assets+	34.57M	34.32M	28.27M	28.86M	23.45M	21.73M	21.73M	18.16M	12.37M	19.86M
Property, Plant & Equipment	8.65M	7.69M	8.17M	9M	8.12M	8.25M	8.25M	8.11M	2.7M	10.36M
Fixed Asset Turnover	6.09x	6.27x	5.22x	5.72x	5.34x	3.36x	4.05x	3.66x	8.06x	1.98x
Goodwill	8.03M	7.98M	7.98M	7.98M	7.98M	7.98M	7.98M	7.98M	7.98M	7.98M
Intangible Assets	3.65M	3.3M	2.99M	2.72M	2.49M	2.02M	2.02M	1.79M	1.56M	1.32M
Long-Term Investments	11.15M	12.9M	7.92M	9M	4.12M	3.35M	3.35M	0	0	0
Other Non-Current Assets	2.27M	2.43M	1.13M	125K	11.21M	137K	137K	126K	122K	206K
Total Assets+	106.53M	102.59M	99.54M	106.22M	102.56M	76.42M	76.42M	60.03M	42.48M	43.32M
Asset Turnover	0.50x	0.47x	0.43x	0.48x	0.42x	0.36x	0.44x	0.49x	0.51x	0.47x
Asset Growth %	-0.02%	-0.04%	-0.03%	0.07%	-0.03%	-0.25%	0%	-0.21%	-0.29%	0.02%
Total Current Liabilities+	9.24M	10.47M	7.4M	8.73M	8.26M	8.86M	8.86M	7.2M	5.37M	7.07M
Accounts Payable	2.51M	1.63M	1.84M	1.86M	1.18M	1.47M	1.47M	1.62M	668K	991K
Days Payables Outstanding	35.29	27.29	33.24	34.26	24.01	37.07	36.24	49.26	24.52	34.85
Short-Term Debt	0	0	0	0	0	0	0	413K	567K	0
Deferred Revenue (Current)	1000K	1000K	121K	0	0	0	0	0	0	0
Other Current Liabilities	1.32M	3.06M	2.66M	907K	1.76M	5.52M	5.52M	1.38M	947K	2.49M
Current Ratio	7.79x	6.52x	9.63x	8.86x	9.58x	6.17x	6.17x	5.81x	5.61x	3.32x
Quick Ratio	7.01x	5.64x	8.88x	8.21x	9.06x	5.65x	5.65x	4.92x	4.68x	2.77x
Cash Conversion Cycle	118.77	176.92	112.09	122.26	116.13	142.45	130.07	190.28	214.09	170.73
Total Non-Current Liabilities+	7.42M	5.68M	5.32M	4.33M	4.66M	3.11M	3.11M	1.46M	1.14M	8.02M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	142K	361K	361K	238K	955K	8M
Deferred Tax Liabilities	811K	15K	0	2K	0	11K	11K	169K	25K	16K
Other Non-Current Liabilities	6.61M	5.66M	5.32M	4.33M	4.52M	2.74M	2.74M	1.05M	160K	16K
Total Liabilities	16.66M	16.15M	12.72M	13.07M	12.92M	11.97M	11.97M	8.66M	6.5M	15.09M
Total Debt+	0	0	0	0	640K	898K	898K	651K	1.52M	9.64M
Net Debt	-31.96M	-33.74M	-40.24M	-42.49M	-50.87M	-36.07M	-36.07M	-26.56M	-12.91M	-3.79M
Debt / Equity	-	-	-	-	0.01x	0.01x	0.01x	0.01x	0.04x	0.34x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-33.57x	-	-33.41x	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	89.87M	86.44M	86.81M	93.16M	89.64M	64.45M	64.45M	51.37M	35.97M	28.23M
Equity Growth %	-0.07%	-0.04%	0%	0.07%	-0.04%	-0.28%	0%	-0.2%	-0.3%	-0.22%
Book Value per Share	3.98	4.19	4.12	3.99	3.90	2.72	2.65	2.09	1.43	1.10
Total Shareholders' Equity	89.87M	86.44M	86.81M	93.16M	89.64M	64.45M	64.45M	51.37M	35.97M	28.23M
Common Stock	22K	21K	21K	22K	23K	24K	24K	25K	25K	26K
Retained Earnings	64.77M	64.66M	59.55M	59.71M	49.37M	11.5M	11.5M	-4.48M	-24.57M	-35.2M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	27K	-62K	-142K	-37K	71K	-154K	-154K	-127K	-87K	-87K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	460K	2.05M	1.06M	3.01M	-4.68M	-15.25M	-13.83M	-16.84M	-17.35M	-12.97M
Operating CF Margin %	0.01%	0.04%	0.02%	0.06%	-0.11%	-0.55%	-0.41%	-0.57%	-0.8%	-0.63%
Operating CF Growth %	-0.59%	3.46%	-0.48%	1.82%	-2.56%	-2.26%	0.09%	-0.22%	-0.03%	0.25%
Net Income	-2.17M	-115K	-4.51M	163K	-10.34M	-21.5M	-16.37M	-15.98M	-20.09M	-10.64M
Depreciation & Amortization	1.46M	1.53M	1.25M	1.45M	2.04M	1.21M	1M	1.01M	927K	665K
Stock-Based Compensation	1.85M	1.88M	2.07M	2.27M	0	2.85M	2.99M	2.47M	2.84M	2.26M
Deferred Taxes	0	0	0	0	0	589K	0	218K	0	0
Other Non-Cash Items	1.38M	666K	1.59M	1.2M	2.89M	598K	-682K	-1.1M	-154K	-4.55M
Working Capital Changes	-2.06M	-1.91M	662K	-2.08M	719K	998K	-773K	-3.47M	-874K	-715K
Change in Receivables	782K	1.13M	1.11M	-2.1M	1.03M	2.63M	-814K	1.07M	369K	-53K
Change in Inventory	66K	-2.63M	2.1M	-1.33M	1.06M	-527K	-714K	-1.99M	1.26M	781K
Change in Payables	-441K	-887K	189K	48K	-680K	383K	-127K	-383K	-355K	306K
Cash from Investing+	935K	4.82M	2.81M	-3.47M	8.97M	3.29M	4.2M	6.68M	2.76M	11.35M
Capital Expenditures	-1.16M	-219K	-1.32M	-2.09M	-331K	-203K	-774K	-316K	-645K	-45K
CapEx % of Revenue	0.02%	0%	0.03%	0.04%	0.01%	0.01%	0.02%	0.01%	0.03%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.98M	-7.34M	1.23M	750K	0	3.49M	0	0	0	11.39M
Cash from Financing+	-6.21M	-5.1M	2.63M	2.72M	4.72M	4.69M	2.37M	402K	1.81M	633K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	818K	2.01M	-862K	-1.08M	-428K	0	2.37M	0	1.65M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-698K	1.83M	-255K	916K	-5.01M	-15.46M	-14.6M	-17.16M	-18M	-13.02M
FCF Margin %	-0.01%	0.04%	-0.01%	0.02%	-0.12%	-0.56%	-0.44%	-0.58%	-0.83%	-0.63%
FCF Growth %	-2.09%	3.63%	-1.14%	4.59%	-6.47%	-2.08%	0.06%	-0.18%	-0.05%	0.28%
FCF per Share	-0.03	0.09	-0.01	0.04	-0.22	-0.65	-0.60	-0.70	-0.72	-0.51
FCF Conversion (FCF/Net Income)	-0.21x	-17.85x	-0.24x	18.44x	0.45x	0.71x	0.84x	1.05x	0.86x	1.22x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	78K	1.34M	39K	11K	0	858K	26K	155K	389K	256K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-2.33%	-0.13%	-5.21%	0.18%	-11.31%	-27.91%	-25.4%	-27.59%	-46%	-33.15%
Return on Invested Capital (ROIC)	-3.86%	-0.71%	-6.75%	-0.28%	-18.12%	-47.5%	-43.22%	-44.58%	-64.01%	-34.22%
Gross Margin	50.7%	54.83%	52.59%	61.43%	58.47%	47.66%	55.53%	59.55%	54.32%	49.42%
Net Margin	-4.11%	-0.24%	-10.59%	0.32%	-23.85%	-77.55%	-49.03%	-53.81%	-92.29%	-51.85%
Debt / Equity	-	-	-	-	0.01x	0.01x	0.01x	0.01x	0.04x	0.34x
FCF Conversion	-0.21x	-17.85x	-0.24x	18.44x	0.45x	0.71x	0.84x	1.05x	0.86x	1.22x
Revenue Growth	-1.42%	-8.64%	-11.49%	20.74%	-15.82%	-36.02%	20.39%	-11.06%	-26.7%	-5.73%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
United States	-	-	-	-	-	-	-	14.44M	11.46M	8.15M
United States Growth	-	-	-	-	-	-	-	-	-20.60%	-28.87%
China	-	-	-	-	-	-	-	1.58M	1.26M	5.33M
China Growth	-	-	-	-	-	-	-	-	-20.23%	322.03%
Germany	-	-	-	-	-	-	-	4.47M	3.5M	3.72M
Germany Growth	-	-	-	-	-	-	-	-	-21.81%	6.23%
Singapore	-	-	-	-	-	-	-	4.94M	2.03M	2.01M
Singapore Growth	-	-	-	-	-	-	-	-	-58.83%	-1.23%
the world	-	-	-	-	-	-	1.39M	1.17M	685K	761K
the world Growth	-	-	-	-	-	-	-	-15.38%	-41.55%	11.09%
Netherlands	-	-	-	-	-	-	-	3.09M	2.83M	554K
Netherlands Growth	-	-	-	-	-	-	-	-	-8.49%	-80.39%
UNITED STATES	-	-	-	-	-	-	15.52M	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
SINGAPORE	-	-	-	-	-	-	5.73M	-	-	-
SINGAPORE Growth	-	-	-	-	-	-	-	-	-	-
NETHERLANDS	-	-	-	-	-	-	5.17M	-	-	-
NETHERLANDS Growth	-	-	-	-	-	-	-	-	-	-
GERMANY	-	-	-	-	-	-	3.47M	-	-	-
GERMANY Growth	-	-	-	-	-	-	-	-	-	-
CHINA	-	-	-	-	-	-	2.11M	-	-	-
CHINA Growth	-	-	-	-	-	-	-	-	-	-
U	20.95M	19.71M	20.69M	19.33M	17.5M	12.38M	-	-	-	-
U Growth	-	-5.93%	4.98%	-6.59%	-9.43%	-29.31%	-	-	-	-
N	-	-	4.38M	11.09M	5.46M	5.55M	-	-	-	-
N Growth	-	-	-	153.55%	-50.75%	1.68%	-	-	-	-
S	7.34M	9.47M	6.88M	7.59M	6.56M	4.07M	-	-	-	-
S Growth	-	29.00%	-27.41%	10.38%	-13.65%	-37.86%	-	-	-	-
C	12.12M	9.36M	5.52M	4.46M	6.08M	2.45M	-	-	-	-
C Growth	-	-22.76%	-41.05%	-19.24%	36.36%	-59.63%	-	-	-	-
D	-	-	-	7.48M	6.6M	2.4M	-	-	-	-
D Growth	-	-	-	-	-11.69%	-63.73%	-	-	-	-
Rest Of World	12.29M	9.63M	5.18M	1.54M	1.14M	876K	-	-	-	-
Rest Of World Growth	-	-21.59%	-46.23%	-70.31%	-26.14%	-22.89%	-	-	-	-
M	32K	-	-	-	-	-	-	-	-	-
M Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

GSI Technology, Inc. (GSIT) reported $24.0M in revenue for fiscal year 2025. This represents a 71% decrease from $82.5M in 2012.

GSI Technology, Inc. (GSIT) saw revenue decline by 5.7% over the past year.

GSI Technology, Inc. (GSIT) reported a net loss of $11.7M for fiscal year 2025.

Dividend & Returns

GSI Technology, Inc. (GSIT) has a return on equity (ROE) of -33.1%. Negative ROE indicates the company is unprofitable.

GSI Technology, Inc. (GSIT) had negative free cash flow of $7.9M in fiscal year 2025, likely due to heavy capital investments.

US Stock Screener

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GSI Technology, Inc. (GSIT) 10-Year Financial Performance & Capital Metrics

GSIT • • Industrial / General

TechnologySemiconductorsDigital & Computing SemiconductorsMemory & Storage

Revenue $21M -5.7%
EBITDA -$10M +47.9%
Net Income -$11M +47.0%
EPS (Diluted) -0.42 +47.5%
Gross Margin 49.42% -9.0%
EBITDA Margin -49.57% +44.7%
Operating Margin -52.81% +43.7%
Net Margin -51.85% +43.8%
ROE -33.15% +27.9%
ROIC -34.22% +46.5%
Debt/Equity 0.34 +707.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 92 (top 8%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Sales declining 13.9% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-9.14%

5Y-13.89%

3Y-14.98%

TTM22%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM23.79%

EPS CAGR

10Y-

5Y-

3Y-

TTM26.56%

ROCE

10Y Avg-17.17%

5Y Avg-30.34%

3Y Avg-33.74%

Latest-29.54%

Peer Comparison

Memory & Storage

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MRAMEverspin Technologies, Inc.	277.71M	12.15	345.17	-20.96%	-0.95%	-0.77%	1.46%	0.07
MUMicron Technology, Inc.	380.57B	338.13	44.55	48.85%	28.15%	20.25%	0.44%	0.28
NVECNVE Corporation	308.18M	63.71	20.49	-13.18%	55.79%	23.16%	4.24%	0.01
SIMOSilicon Motion Technology Corporation	3.86B	113.56	10.75	25.72%	10.18%	9.92%	0.85%	0.00
GSITGSI Technology, Inc.	270.66M	7.68	-18.29	-5.73%	-48.54%	-30.25%		0.34

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	52.74M	48.18M	42.64M	51.49M	43.34M	27.73M	33.38M	29.69M	21.77M	20.52M
Revenue Growth %	-0.01%	-0.09%	-0.11%	0.21%	-0.16%	-0.36%	0.2%	-0.11%	-0.27%	-0.06%
Cost of Goods Sold+	26M	21.76M	20.22M	19.86M	18M	14.51M	14.85M	12.01M	9.94M	10.38M
COGS % of Revenue	0.49%	0.45%	0.47%	0.39%	0.42%	0.52%	0.44%	0.4%	0.46%	0.51%
Gross Profit+	26.74M	26.42M	22.43M	31.63M	25.34M	13.22M	18.54M	17.68M	11.82M	10.14M
Gross Margin %	0.51%	0.55%	0.53%	0.61%	0.58%	0.48%	0.56%	0.6%	0.54%	0.49%
Gross Profit Growth %	0.06%	-0.01%	-0.15%	0.41%	-0.2%	-0.48%	0.4%	-0.05%	-0.33%	-0.14%
Operating Expenses+	29.76M	26.94M	26.9M	31.81M	36.15M	34.48M	34.89M	33.49M	32.25M	20.98M
OpEx % of Revenue	0.56%	0.56%	0.63%	0.62%	0.83%	1.24%	1.05%	1.13%	1.48%	1.02%
Selling, General & Admin	17.66M	11.14M	9.9M	10.46M	10.92M	11.14M	10.22M	9.94M	10.56M	10.76M
SG&A % of Revenue	0.33%	0.23%	0.23%	0.2%	0.25%	0.4%	0.31%	0.33%	0.49%	0.52%
Research & Development	12.1M	15.8M	17M	21.36M	25.22M	23.34M	24.67M	23.55M	21.69M	16M
R&D % of Revenue	0.23%	0.33%	0.4%	0.41%	0.58%	0.84%	0.74%	0.79%	1%	0.78%
Other Operating Expenses	-97K	166K	-12K	-221K	0	0	0	0	0	-5.79M
Operating Income+	-3.02M	-527K	-4.47M	-182K	-10.8M	-21.26M	-16.35M	-15.81M	-20.43M	-10.84M
Operating Margin %	-0.06%	-0.01%	-0.1%	-0%	-0.25%	-0.77%	-0.49%	-0.53%	-0.94%	-0.53%
Operating Income Growth %	0.5%	0.83%	-7.48%	0.96%	-58.35%	-0.97%	0.23%	0.03%	-0.29%	0.47%
EBITDA+	-1.56M	1M	-3.22M	1.27M	-9.37M	-20.05M	-14.98M	-14.79M	-19.5M	-10.17M
EBITDA Margin %	-0.03%	0.02%	-0.08%	0.02%	-0.22%	-0.72%	-0.45%	-0.5%	-0.9%	-0.5%
EBITDA Growth %	0.65%	1.64%	-4.21%	1.39%	-8.36%	-1.14%	0.25%	0.01%	-0.32%	0.48%
D&A (Non-Cash Add-back)	1.46M	1.53M	1.25M	1.45M	1.43M	1.21M	1.38M	1.01M	927K	665K
EBIT	-3.02M	-527K	-4.47M	-182K	-10.8M	-21.26M	-16.35M	-17.71M	-20.43M	-16.63M
Net Interest Income+	307K	312K	421K	671K	783K	295K	71K	308K	541K	445K
Interest Income	307K	312K	421K	671K	783K	295K	71K	308K	541K	445K
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	210K	478K	409K	450K	712K	94K	-60K	202K	414K	326K
Pretax Income+	-2.81M	-49K	-4.06M	268K	-10.09M	-21.17M	-16.41M	-15.61M	-20.02M	-10.51M
Pretax Margin %	-0.05%	-0%	-0.1%	0.01%	-0.23%	-0.76%	-0.49%	-0.53%	-0.92%	-0.51%
Income Tax+	-641K	66K	453K	105K	247K	335K	-45K	372K	70K	130K
Effective Tax Rate %	0.77%	2.35%	1.11%	0.61%	1.02%	1.02%	1%	1.02%	1%	1.01%
Net Income+	-2.17M	-115K	-4.51M	163K	-10.34M	-21.5M	-16.37M	-15.98M	-20.09M	-10.64M
Net Margin %	-0.04%	-0%	-0.11%	0%	-0.24%	-0.78%	-0.49%	-0.54%	-0.92%	-0.52%
Net Income Growth %	0.56%	0.95%	-38.26%	1.04%	-64.42%	-1.08%	0.24%	0.02%	-0.26%	0.47%
Net Income (Continuing)	-2.17M	-115K	-4.51M	163K	-10.34M	-21.5M	-16.37M	-15.98M	-20.09M	-10.64M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.10	-0.01	-0.21	0.01	-0.45	-0.91	-0.67	-0.65	-0.80	-0.42
EPS Growth %	0.52%	0.94%	-	1.03%	-	-1.02%	0.26%	0.03%	-0.23%	0.47%
EPS (Basic)	-0.10	-0.01	-0.21	0.01	-0.45	-0.91	-0.67	-0.65	-0.80	-0.42
Diluted Shares Outstanding	22.59M	20.65M	21.09M	23.35M	22.97M	23.67M	24.3M	24.59M	25.14M	25.55M
Basic Shares Outstanding	21.7M	20.65M	21.09M	23.35M	22.97M	23.67M	24.3M	24.59M	25.14M	25.55M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	71.96M	68.27M	71.27M	77.36M	79.11M	54.69M	54.69M	41.88M	30.11M	23.45M
Cash & Short-Term Investments	55.11M	49.94M	58.37M	61.84M	66.57M	43.96M	43.96M	30.57M	14.43M	13.43M
Cash Only	31.96M	33.74M	40.24M	42.49M	51.51M	36.97M	36.97M	27.21M	14.43M	13.43M
Short-Term Investments	23.15M	16.2M	18.12M	19.35M	15.06M	6.99M	6.99M	3.36M	0	0
Accounts Receivable	7.71M	6.57M	5.28M	7.34M	6.33M	4.74M	4.74M	3.63M	3.33M	3.86M
Days Sales Outstanding	53.35	49.73	45.19	52.03	53.31	62.45	51.87	44.59	55.89	68.74
Inventory	7.17M	9.21M	5.55M	5.68M	4.28M	4.66M	4.66M	6.42M	4.98M	3.89M
Days Inventory Outstanding	100.72	154.48	100.15	104.49	86.83	117.08	114.44	194.96	182.72	136.85
Other Current Assets	0	1.68M	1.12M	1.36M	1.15M	1.26M	1.26M	925K	6.7M	432K
Total Non-Current Assets+	34.57M	34.32M	28.27M	28.86M	23.45M	21.73M	21.73M	18.16M	12.37M	19.86M
Property, Plant & Equipment	8.65M	7.69M	8.17M	9M	8.12M	8.25M	8.25M	8.11M	2.7M	10.36M
Fixed Asset Turnover	6.09x	6.27x	5.22x	5.72x	5.34x	3.36x	4.05x	3.66x	8.06x	1.98x
Goodwill	8.03M	7.98M	7.98M	7.98M	7.98M	7.98M	7.98M	7.98M	7.98M	7.98M
Intangible Assets	3.65M	3.3M	2.99M	2.72M	2.49M	2.02M	2.02M	1.79M	1.56M	1.32M
Long-Term Investments	11.15M	12.9M	7.92M	9M	4.12M	3.35M	3.35M	0	0	0
Other Non-Current Assets	2.27M	2.43M	1.13M	125K	11.21M	137K	137K	126K	122K	206K
Total Assets+	106.53M	102.59M	99.54M	106.22M	102.56M	76.42M	76.42M	60.03M	42.48M	43.32M
Asset Turnover	0.50x	0.47x	0.43x	0.48x	0.42x	0.36x	0.44x	0.49x	0.51x	0.47x
Asset Growth %	-0.02%	-0.04%	-0.03%	0.07%	-0.03%	-0.25%	0%	-0.21%	-0.29%	0.02%
Total Current Liabilities+	9.24M	10.47M	7.4M	8.73M	8.26M	8.86M	8.86M	7.2M	5.37M	7.07M
Accounts Payable	2.51M	1.63M	1.84M	1.86M	1.18M	1.47M	1.47M	1.62M	668K	991K
Days Payables Outstanding	35.29	27.29	33.24	34.26	24.01	37.07	36.24	49.26	24.52	34.85
Short-Term Debt	0	0	0	0	0	0	0	413K	567K	0
Deferred Revenue (Current)	1000K	1000K	121K	0	0	0	0	0	0	0
Other Current Liabilities	1.32M	3.06M	2.66M	907K	1.76M	5.52M	5.52M	1.38M	947K	2.49M
Current Ratio	7.79x	6.52x	9.63x	8.86x	9.58x	6.17x	6.17x	5.81x	5.61x	3.32x
Quick Ratio	7.01x	5.64x	8.88x	8.21x	9.06x	5.65x	5.65x	4.92x	4.68x	2.77x
Cash Conversion Cycle	118.77	176.92	112.09	122.26	116.13	142.45	130.07	190.28	214.09	170.73
Total Non-Current Liabilities+	7.42M	5.68M	5.32M	4.33M	4.66M	3.11M	3.11M	1.46M	1.14M	8.02M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	142K	361K	361K	238K	955K	8M
Deferred Tax Liabilities	811K	15K	0	2K	0	11K	11K	169K	25K	16K
Other Non-Current Liabilities	6.61M	5.66M	5.32M	4.33M	4.52M	2.74M	2.74M	1.05M	160K	16K
Total Liabilities	16.66M	16.15M	12.72M	13.07M	12.92M	11.97M	11.97M	8.66M	6.5M	15.09M
Total Debt+	0	0	0	0	640K	898K	898K	651K	1.52M	9.64M
Net Debt	-31.96M	-33.74M	-40.24M	-42.49M	-50.87M	-36.07M	-36.07M	-26.56M	-12.91M	-3.79M
Debt / Equity	-	-	-	-	0.01x	0.01x	0.01x	0.01x	0.04x	0.34x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-33.57x	-	-33.41x	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	89.87M	86.44M	86.81M	93.16M	89.64M	64.45M	64.45M	51.37M	35.97M	28.23M
Equity Growth %	-0.07%	-0.04%	0%	0.07%	-0.04%	-0.28%	0%	-0.2%	-0.3%	-0.22%
Book Value per Share	3.98	4.19	4.12	3.99	3.90	2.72	2.65	2.09	1.43	1.10
Total Shareholders' Equity	89.87M	86.44M	86.81M	93.16M	89.64M	64.45M	64.45M	51.37M	35.97M	28.23M
Common Stock	22K	21K	21K	22K	23K	24K	24K	25K	25K	26K
Retained Earnings	64.77M	64.66M	59.55M	59.71M	49.37M	11.5M	11.5M	-4.48M	-24.57M	-35.2M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	27K	-62K	-142K	-37K	71K	-154K	-154K	-127K	-87K	-87K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	460K	2.05M	1.06M	3.01M	-4.68M	-15.25M	-13.83M	-16.84M	-17.35M	-12.97M
Operating CF Margin %	0.01%	0.04%	0.02%	0.06%	-0.11%	-0.55%	-0.41%	-0.57%	-0.8%	-0.63%
Operating CF Growth %	-0.59%	3.46%	-0.48%	1.82%	-2.56%	-2.26%	0.09%	-0.22%	-0.03%	0.25%
Net Income	-2.17M	-115K	-4.51M	163K	-10.34M	-21.5M	-16.37M	-15.98M	-20.09M	-10.64M
Depreciation & Amortization	1.46M	1.53M	1.25M	1.45M	2.04M	1.21M	1M	1.01M	927K	665K
Stock-Based Compensation	1.85M	1.88M	2.07M	2.27M	0	2.85M	2.99M	2.47M	2.84M	2.26M
Deferred Taxes	0	0	0	0	0	589K	0	218K	0	0
Other Non-Cash Items	1.38M	666K	1.59M	1.2M	2.89M	598K	-682K	-1.1M	-154K	-4.55M
Working Capital Changes	-2.06M	-1.91M	662K	-2.08M	719K	998K	-773K	-3.47M	-874K	-715K
Change in Receivables	782K	1.13M	1.11M	-2.1M	1.03M	2.63M	-814K	1.07M	369K	-53K
Change in Inventory	66K	-2.63M	2.1M	-1.33M	1.06M	-527K	-714K	-1.99M	1.26M	781K
Change in Payables	-441K	-887K	189K	48K	-680K	383K	-127K	-383K	-355K	306K
Cash from Investing+	935K	4.82M	2.81M	-3.47M	8.97M	3.29M	4.2M	6.68M	2.76M	11.35M
Capital Expenditures	-1.16M	-219K	-1.32M	-2.09M	-331K	-203K	-774K	-316K	-645K	-45K
CapEx % of Revenue	0.02%	0%	0.03%	0.04%	0.01%	0.01%	0.02%	0.01%	0.03%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.98M	-7.34M	1.23M	750K	0	3.49M	0	0	0	11.39M
Cash from Financing+	-6.21M	-5.1M	2.63M	2.72M	4.72M	4.69M	2.37M	402K	1.81M	633K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	818K	2.01M	-862K	-1.08M	-428K	0	2.37M	0	1.65M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-698K	1.83M	-255K	916K	-5.01M	-15.46M	-14.6M	-17.16M	-18M	-13.02M
FCF Margin %	-0.01%	0.04%	-0.01%	0.02%	-0.12%	-0.56%	-0.44%	-0.58%	-0.83%	-0.63%
FCF Growth %	-2.09%	3.63%	-1.14%	4.59%	-6.47%	-2.08%	0.06%	-0.18%	-0.05%	0.28%
FCF per Share	-0.03	0.09	-0.01	0.04	-0.22	-0.65	-0.60	-0.70	-0.72	-0.51
FCF Conversion (FCF/Net Income)	-0.21x	-17.85x	-0.24x	18.44x	0.45x	0.71x	0.84x	1.05x	0.86x	1.22x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	78K	1.34M	39K	11K	0	858K	26K	155K	389K	256K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-2.33%	-0.13%	-5.21%	0.18%	-11.31%	-27.91%	-25.4%	-27.59%	-46%	-33.15%
Return on Invested Capital (ROIC)	-3.86%	-0.71%	-6.75%	-0.28%	-18.12%	-47.5%	-43.22%	-44.58%	-64.01%	-34.22%
Gross Margin	50.7%	54.83%	52.59%	61.43%	58.47%	47.66%	55.53%	59.55%	54.32%	49.42%
Net Margin	-4.11%	-0.24%	-10.59%	0.32%	-23.85%	-77.55%	-49.03%	-53.81%	-92.29%	-51.85%
Debt / Equity	-	-	-	-	0.01x	0.01x	0.01x	0.01x	0.04x	0.34x
FCF Conversion	-0.21x	-17.85x	-0.24x	18.44x	0.45x	0.71x	0.84x	1.05x	0.86x	1.22x
Revenue Growth	-1.42%	-8.64%	-11.49%	20.74%	-15.82%	-36.02%	20.39%	-11.06%	-26.7%	-5.73%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
United States	-	-	-	-	-	-	-	14.44M	11.46M	8.15M
United States Growth	-	-	-	-	-	-	-	-	-20.60%	-28.87%
China	-	-	-	-	-	-	-	1.58M	1.26M	5.33M
China Growth	-	-	-	-	-	-	-	-	-20.23%	322.03%
Germany	-	-	-	-	-	-	-	4.47M	3.5M	3.72M
Germany Growth	-	-	-	-	-	-	-	-	-21.81%	6.23%
Singapore	-	-	-	-	-	-	-	4.94M	2.03M	2.01M
Singapore Growth	-	-	-	-	-	-	-	-	-58.83%	-1.23%
the world	-	-	-	-	-	-	1.39M	1.17M	685K	761K
the world Growth	-	-	-	-	-	-	-	-15.38%	-41.55%	11.09%
Netherlands	-	-	-	-	-	-	-	3.09M	2.83M	554K
Netherlands Growth	-	-	-	-	-	-	-	-	-8.49%	-80.39%
UNITED STATES	-	-	-	-	-	-	15.52M	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
SINGAPORE	-	-	-	-	-	-	5.73M	-	-	-
SINGAPORE Growth	-	-	-	-	-	-	-	-	-	-
NETHERLANDS	-	-	-	-	-	-	5.17M	-	-	-
NETHERLANDS Growth	-	-	-	-	-	-	-	-	-	-
GERMANY	-	-	-	-	-	-	3.47M	-	-	-
GERMANY Growth	-	-	-	-	-	-	-	-	-	-
CHINA	-	-	-	-	-	-	2.11M	-	-	-
CHINA Growth	-	-	-	-	-	-	-	-	-	-
U	20.95M	19.71M	20.69M	19.33M	17.5M	12.38M	-	-	-	-
U Growth	-	-5.93%	4.98%	-6.59%	-9.43%	-29.31%	-	-	-	-
N	-	-	4.38M	11.09M	5.46M	5.55M	-	-	-	-
N Growth	-	-	-	153.55%	-50.75%	1.68%	-	-	-	-
S	7.34M	9.47M	6.88M	7.59M	6.56M	4.07M	-	-	-	-
S Growth	-	29.00%	-27.41%	10.38%	-13.65%	-37.86%	-	-	-	-
C	12.12M	9.36M	5.52M	4.46M	6.08M	2.45M	-	-	-	-
C Growth	-	-22.76%	-41.05%	-19.24%	36.36%	-59.63%	-	-	-	-
D	-	-	-	7.48M	6.6M	2.4M	-	-	-	-
D Growth	-	-	-	-	-11.69%	-63.73%	-	-	-	-
Rest Of World	12.29M	9.63M	5.18M	1.54M	1.14M	876K	-	-	-	-
Rest Of World Growth	-	-21.59%	-46.23%	-70.31%	-26.14%	-22.89%	-	-	-	-
M	32K	-	-	-	-	-	-	-	-	-
M Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

GSI Technology, Inc. (GSIT) reported $24.0M in revenue for fiscal year 2025. This represents a 71% decrease from $82.5M in 2012.

GSI Technology, Inc. (GSIT) saw revenue decline by 5.7% over the past year.

GSI Technology, Inc. (GSIT) reported a net loss of $11.7M for fiscal year 2025.

Dividend & Returns

GSI Technology, Inc. (GSIT) has a return on equity (ROE) of -33.1%. Negative ROE indicates the company is unprofitable.

GSI Technology, Inc. (GSIT) had negative free cash flow of $7.9M in fiscal year 2025, likely due to heavy capital investments.