CSPI

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CSP Inc.

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Key Metrics

Previous Close: $7.54
52-Week Range: $7.11 – $15.00
Market Cap: $74.90M
P/E (TTM): —
EPS (TTM): -0.07
Dividend Yield: 1.44%

Advanced Metrics

Price/Book: 1.65
PEG Ratio: 0.92
Return on Equity: -0.22%
Return on Assets: -2.48%
Gross Margin: 32.69%
Operating Margin: -5.32%
Profit Margin: -0.17%
Current Ratio: 2.64
Debt/Equity: 0.05
Total Debt: $2.07M
Free Cash Flow: $-2.14M
Revenue Growth: 21.80%
Earnings Growth: —
Enterprise Value: $60.05M

CSPI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$54.36M	$64.65M	$55.22M	$58.73M
Cost of Revenue	$35.53M	$42.73M	$36.36M	$40.22M
Gross Profit	$18.83M	$21.92M	$18.86M	$18.51M
Research & Development	$3.08M	$3.14M	$2.96M	$3.25M
Selling, General & Admin	$15.78M	$16.91M	$17.77M	$18.37M
Operating Expenses	$18.87M	$20.05M	$20.73M	$21.62M
Operating Income	-$40.00K	$1.87M	-$1.87M	-$3.11M
EBITDA	$3.23M	$5.93M	$610.00K	-$602.00K
Pretax Income	$1.94M	$4.74M	-$419.00K	-$1.66M
Income Tax	$50.00K	-$469.00K	-$93.00K	-$1.57M
Net Income	$1.89M	$5.20M	-$326.00K	-$91.00K
Diluted EPS	0.21	0.55	-0.04	-0.01
Diluted Shares	8.56M	8.94M	9.04M	9.30M

CSPI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$23.98M	$25.22M	$30.59M	$27.42M
Receivables	$24.06M	$20.13M	$18.88M	$20.94M
Inventory	$4.37M	$2.54M	$2.29M	$1.44M
Current Assets	$59.46M	$50.36M	$54.85M	$52.32M
Total Assets	$75.06M	$65.90M	$69.44M	$71.16M
Current Liabilities	$30.18M	$15.66M	$18.68M	$22.18M
Long-Term Debt	$449.00K	—	—	—
Total Debt	$5.18M	$2.95M	$4.67M	$2.58M
Total Liabilities	$36.10M	$19.76M	$22.17M	$26.61M
Retained Earnings	$26.77M	$31.31M	$29.85M	$27.70M
Shareholders' Equity	$38.96M	$46.15M	$47.27M	$44.55M
Working Capital	$29.27M	$34.70M	$36.17M	$30.14M

CSPI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$2.67M	$3.91M	$4.21M	$2.27M
Capital Expenditure	-$234.00K	-$277.00K	-$206.00K	-$374.00K
Free Cash Flow	$2.44M	$3.63M	$4.01M	$1.89M
Depreciation & Amortisation	$935.00K	$931.00K	$794.00K	$702.00K
Stock-Based Compensation	$979.00K	$1.13M	$1.58M	$1.77M
Investing Cash Flow	$20.00K	-$341.00K	-$256.00K	-$428.00K
Financing Cash Flow	$1.33M	-$2.40M	$1.38M	-$5.04M
Dividends Paid	-$137.00K	-$656.00K	-$1.02M	-$1.19M
Share Repurchases	-$174.00K	-$6.00K	-$104.00K	-$869.00K
Net Change in Cash	$4.02M	$1.17M	$5.34M	-$3.20M

CSPI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$13.15M	$15.45M	$14.46M	$12.04M	$16.01M
Cost of Revenue	$8.94M	$10.99M	$9.18M	$7.30M	$11.54M
Gross Profit	$4.21M	$4.45M	$5.29M	$4.74M	$4.47M
Research & Development	$763.00K	$791.00K	$910.00K	$858.00K	$818.00K
Selling, General & Admin	$4.44M	$4.88M	$4.92M	$3.99M	$4.50M
Operating Expenses	$5.20M	$5.68M	$5.83M	$4.85M	$5.32M
Operating Income	-$994.00K	-$1.22M	-$538.00K	-$112.00K	-$851.00K
EBITDA	-$531.00K	-$741.00K	$39.00K	$664.00K	$35.00K
Pretax Income	-$791.00K	-$1.01M	-$212.00K	$371.00K	-$304.00K
Income Tax	-$683.00K	-$751.00K	-$21.00K	$280.00K	-$568.00K
Net Income	-$108.00K	-$264.00K	-$191.00K	$91.00K	$264.00K
Diluted EPS	-0.01	-0.03	-0.02	0.01	0.03
Diluted Shares	9.34M	9.36M	9.36M	9.68M	9.71M

CSPI Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$29.50M	$26.31M	$27.42M	$24.93M	$23.10M
Receivables	$16.84M	$17.39M	$20.94M	$19.50M	$21.59M
Inventory	$2.11M	$3.53M	$1.44M	$2.37M	$1.55M
Current Assets	$50.34M	$49.50M	$52.32M	$49.16M	$49.04M
Total Assets	$67.12M	$66.78M	$71.16M	$69.15M	$70.32M
Current Liabilities	$15.06M	$15.37M	$22.18M	$17.86M	$18.56M
Total Debt	$654.00K	$1.29M	$2.58M	$2.71M	$2.07M
Total Liabilities	$19.67M	$19.30M	$26.61M	$24.34M	$25.30M
Retained Earnings	$29.23M	$28.42M	$27.70M	$27.49M	$27.32M
Shareholders' Equity	$47.45M	$47.48M	$44.55M	$44.81M	$45.02M
Working Capital	$35.28M	$34.14M	$30.14M	$31.30M	$30.48M

CSPI Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$1.91M	-$3.28M	$1.90M	-$2.92M	-$493.00K
Capital Expenditure	-$7.00K	-$66.00K	-$254.00K	-$105.00K	-$14.00K
Free Cash Flow	$1.91M	-$3.35M	$1.64M	-$3.02M	-$507.00K
Depreciation & Amortisation	$183.00K	$169.00K	$153.00K	$165.00K	$172.00K
Stock-Based Compensation	$448.00K	$403.00K	$411.00K	$463.00K	$390.00K
Investing Cash Flow	-$61.00K	-$66.00K	-$254.00K	-$105.00K	-$68.00K
Financing Cash Flow	-$3.02M	$149.00K	-$582.00K	$533.00K	-$1.23M
Dividends Paid	—	-$297.00K	-$298.00K	—	—
Share Repurchases	—	-$251.00K	-$234.00K	—	—
Net Change in Cash	-$1.17M	-$3.20M	$1.06M	-$2.49M	-$1.79M

Market Snapshot

About

CSP Inc. is a technology solutions provider headquartered in Lowell, Massachusetts, specializing in high-performance computing systems and IT security solutions. The company operates through two main segments: Technology Solutions, which provides IT infrastructure and security products, and High Performance Products, which develops specialized computing systems for defense and financial markets. CSP serves commercial enterprises, government agencies, and financial institutions with solutions including edge computing platforms, cybersecurity services, and managed IT services.