CSP Inc. (CSPI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 23	—	$0.21	—	—	$18.3M	—
Q4 22	—	$0.31	—	—	$16.7M	—
Q3 22	—	$0.15	—	—	$13.3M	—
Q2 22	—	$0.03	—	—	$12M	—
Q1 22	—	-$0.09	—	—	$12.4M	—
Q4 21	—	$0.08	—	—	$10M	—
Q3 21	—	-$0.1	—	—	$13.7M	—
Q2 21	—	-$0.2	—	—	$14.1M	—
Q1 21	—	-$0.22	—	—	$11.4M	—
Q4 20	—	$0.01	—	—	$15.6M	—
Q3 20	—	-$0.05	—	—	$13.8M	—
Q2 20	—	-$0.18	—	—	$16.9M	—
Q1 20	—	-$0.14	—	—	$16.9M	—
Q4 19	—	-$0.08	—	—	$22.2M	—
Q3 19	—	$0.12	—	—	$21.6M	—
Q2 19	—	-$0.15	—	—	$16.4M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.01	—	—	$58.7M	—
FY24	—	-$0.04	—	—	$55.2M	—
FY23	—	$0.56	—	—	$64.6M	—
FY22	—	$0.21	—	—	$54.4M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$103.4M	$88.5M	$72.9M	$79.1M	$61.8M	$49.2M	$54.4M	$64.6M	$55.2M	$58.7M
YoY change	+15.7%	-14.4%	-17.6%	+8.43%	-21.8%	-20.4%	+10.5%	+18.9%	-14.6%	+6.36%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	103.4M	88.5M	72.9M	79.1M	61.8M	49.2M	54.4M	64.6M	55.2M	58.7M
Cost of revenue	78.3M	67.1M	54.5M	61M	44.6M	33.1M	35.5M	42.7M	36.4M	40.2M
Gross profit	25M	21.4M	18.4M	18M	17.2M	16.1M	18.8M	21.9M	18.9M	18.5M
Gross margin	24.2%	24.2%	25.2%	22.8%	27.8%	32.8%	34.6%	33.9%	34.1%	31.5%
Research & development	3M	2.4M	3.3M	2.8M	2.8M	2.9M	3.1M	3.1M	3M	3.3M
Selling, general & administrative	18.3M	15.7M	16.7M	16.1M	15.8M	14.6M	15.8M	16.9M	17.8M	18.4M
Operating expenses	21.2M	18M	20M	18.9M	18.6M	17.5M	18.9M	20.1M	20.7M	21.6M
Operating income	3.8M	3.4M	-1.6M	-826K	-1.4M	-1.4M	-40K	1.9M	-1.9M	-3.1M
Operating margin	3.68%	3.84%	-2.2%	-1.04%	-2.3%	-2.77%	-0.07%	2.89%	-3.39%	-5.29%
Non-operating income, net	-121K	72K	560K	160K	8K	1.8M	1.7M	1.7M	-359K	-49K
Pretax income	3.6M	3.4M	-1.1M	-442K	-1.1M	678K	1.9M	4.7M	-419K	-1.7M
Income tax	996K	1.2M	882K	-71K	384K	444K	50K	-469K	-93K	-1.6M
Net income	2.6M	2.5M	14.4M	-371K	-1.4M	699K	1.9M	5.2M	-326K	-91K
Net margin	2.52%	2.83%	19.8%	-0.47%	-2.34%	1.42%	3.47%	8.05%	-0.59%	-0.15%
EBITDA	4.5M	4M	-659K	-84K	-380K	356K	1.5M	4.4M	1M	-635K
EPS	0.34	0.32	1.81	-0.04	-0.18	0.08	0.21	0.56	-0.04	-0.01
Diluted EPS	0.34	0.32	1.77	-0.04	-0.18	0.08	0.21	0.55	-0.04	-0.01

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	15.3M	15.4M	13.7M	13.1M	13M	15.7M	13.1M	15.4M	14.5M	12M	16M	14.4M
Cost of revenue	10.1M	11.3M	7.2M	8.5M	9.3M	11.1M	8.9M	11M	9.2M	7.3M	11.5M	10.1M
Gross profit	5.2M	4.1M	6.5M	4.6M	3.7M	4.6M	4.2M	4.5M	5.3M	4.7M	4.5M	4.3M
Gross margin	33.8%	26.6%	47.3%	35%	28.4%	29.1%	32%	28.8%	36.6%	39.3%	27.9%	30.1%
Research & development	705K	700K	726K	737K	793K	786K	763K	791K	910K	858K	818K	832K
Selling, general & administrative	4.8M	3.7M	4.5M	4.6M	5M	4.1M	4.4M	4.9M	4.9M	4M	4.5M	5M
Operating expenses	5.5M	4.4M	5.2M	5.3M	5.7M	4.9M	5.2M	5.7M	5.8M	4.8M	5.3M	5.9M
Operating income	-306K	-343K	1.2M	-720K	-2M	-354K	-994K	-1.2M	-538K	-112K	-851K	-1.5M
Operating margin	-2%	-2.23%	9%	-5.49%	-15.7%	-2.26%	-7.56%	-7.92%	-3.72%	-0.93%	-5.31%	-10.7%
Non-operating income, net	2.3M	-164K	57K	-8K	-244K	299K	-134K	-127K	-87K	10K	187K	-12K
Pretax income	2.4M	-60K	1.7M	-260K	-1.8M	357K	-791K	-1M	-212K	371K	-304K	-1.2M
Income tax	1M	13K	135K	-75K	-166K	-115K	-683K	-751K	-21K	280K	-568K	-366K
Net income	1.4M	-73K	1.6M	-185K	-1.7M	472K	-108K	-264K	-191K	91K	264K	-846K
Net margin	9.19%	-0.47%	11.6%	-1.41%	-12.7%	3.01%	-0.82%	-1.71%	-1.32%	0.76%	1.65%	-5.88%
EBITDA	428K	363K	1.9M	5K	-1.3M	336K	-399K	-541K	-31K	671K	-35K	-887K
EPS	0.15	-0.01	0.16	-0.02	—	0.05	-0.01	-0.03	-0.02	0.01	0.03	-0.09
Diluted EPS	0.15	-0.01	0.16	-0.02	—	0.05	-0.01	-0.03	-0.02	0.01	0.03	-0.09

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	36.9M	41.1M	50.1M	52.7M	34.8M	37.1M	30.6M	76.7M	117.4M	107.4M	77.1M
Enterprise value	27M	33.8M	28M	38M	23.2M	21M	11.8M	54.4M	91.5M	82.5M	56.6M
Shares outstanding	7.2M	7.4M	7.6M	7.8M	8.1M	8.3M	8.5M	8.8M	9M	9.3M	9.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	14.2	16.4	3.47	—	—	53	16.2	14.7	—	—	716.5
P/S	0.36	0.46	0.69	0.67	0.56	0.75	0.56	1.19	2.13	1.83	1.36
P/B	2.09	1.96	1.48	1.73	1.18	1.09	0.79	1.66	2.48	2.41	1.75
EV/EBITDA	5.97	8.45	-42.5	-452.2	-61	59	7.66	12.4	87.3	-130	-20.1
EV/Sales	0.26	0.38	0.38	0.48	0.38	0.43	0.22	0.84	1.66	1.41	0.99
Earnings yield	7.05%	6.09%	28.8%	—	—	1.89%	6.17%	6.79%	—	—	0.14%
FCF yield	11.6%	5.96%	4.87%	-7.9%	0.04%	4.87%	7.97%	4.73%	3.41%	1.76%	2.88%
PEG	—	—	—	—	—	—	—	—	—	—	3.58

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	24.2%	24.2%	25.2%	22.8%	27.8%	32.8%	34.6%	33.9%	34.1%	31.5%	30.1%
Operating margin	3.68%	3.84%	-2.2%	-1.04%	-2.3%	-2.77%	-0.07%	2.89%	-3.39%	-5.29%	-10.7%
Net margin	2.52%	2.83%	19.8%	-0.47%	-2.34%	1.42%	3.47%	8.05%	-0.59%	-0.15%	-1.2%
ROE	14.7%	11.9%	42.7%	-1.22%	-4.9%	2.05%	4.85%	11.3%	-0.69%	-0.2%	-1.49%
ROA	5.35%	4.25%	26.1%	-0.62%	-2.7%	1.11%	2.52%	7.9%	-0.47%	-0.13%	-2.77%
ROIC	35.7%	16.3%	-13.7%	-5.24%	-7.93%	-2.61%	-0.19%	7.83%	-8.77%	-15.8%	-13.1%
Return on tangible assets	5.41%	4.28%	26.2%	-0.63%	-2.7%	1.11%	2.52%	7.91%	-0.47%	-0.13%	-0.97%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.4	1.93	3.44	2.32	3.2	2.75	1.97	3.22	2.94	2.36	2.4
Quick ratio	2.08	1.72	2.91	1.93	2.8	2.53	1.83	3.05	2.81	2.29	2.32
Debt / equity	0.18	0.15	0.1	0.12	0.27	0.12	0.13	0.06	0.1	0.06	0.08
Debt / assets	0.06	0.05	0.06	0.06	0.15	0.06	0.07	0.04	0.07	0.04	0.05
Net debt / EBITDA	-2.2	-1.83	33.5	174.7	30.5	-45.1	-12.2	-5.09	-24.7	39.1	74.8
Interest coverage	42.4	47.6	-12	-3.46	-3.66	2.94	6.39	19.1	-0.78	-3.65	-1.36
Effective tax rate	27.7%	34.1%	0%	0%	0%	65.5%	2.58%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	14.3	11.9	9.54	10.1	7.67	5.93	6.38	7.38	6.11	6.32	6.01
EPS (basic)	0.34	0.32	1.81	-0.04	-0.18	0.08	0.21	0.56	-0.04	-0.01	-0.01
EPS (diluted)	0.34	0.32	1.77	-0.04	-0.18	0.08	0.21	0.55	-0.04	-0.01	-0.07
Book value per share	2.45	2.82	4.42	3.88	3.67	4.1	4.57	5.27	5.23	4.79	4.4
FCF per share	0.59	0.33	0.32	-0.53	0	0.22	0.29	0.41	0.44	0.2	-0.15
Cash per share	1.82	1.4	3.32	2.35	2.43	2.42	2.82	2.88	3.38	2.95	2.45
Capex per share	0.1	0.03	0.06	0.11	0.03	0.01	0.03	0.03	0.02	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.71%	0.23%	0.6%	1.05%	0.37%	0.2%	0.43%	0.35%	0.35%	—	—
Capex / operating cash flow	15.8%	4.55%	-32.4%	-26.2%	68.5%	2.75%	5.32%	11%	4.72%	—	—
Payout ratio	64.1%	68.7%	13.3%	-665%	-87.3%	0%	7.25%	12.6%	-312.3%	-1.3K%	575%
Dividend yield	4.52%	4.19%	3.83%	4.68%	3.63%	0%	0.45%	0.86%	0.87%	1.11%	1.53%

Yield

1.53%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.03

ex-dividend Aug 28, 2026

Payout ratio

575%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 28, 2026	$0.03
May 21, 2026	$0.03
Feb 26, 2026	$0.03
Dec 26, 2025	$0.03
Aug 29, 2025	$0.03
May 28, 2025	$0.03
Feb 24, 2025

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$15.3M	$15.4M	$13.7M	$13.1M	$13M	$15.7M	$13.1M	$15.4M	$14.5M	$12M	$16M	$14.4M
YoY change	-8.15%	-16.2%	+3.29%	-26%	-15%	+1.92%	-4.08%	+17.9%	+11%	-23.2%	+21.8%	-6.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	13.1M	10.4M	25.4M	18.5M	19.6M	20.1M	24M	25.2M	30.6M	27.4M
Receivables	19M	17.7M	12M	15.1M	13.4M	18.7M	23M	13M	14.5M	12M
Inventory	5.6M	5.6M	7.6M	7.8M	5.3M	4M	4.4M	2.5M	2.3M	1.4M
Total current assets	41.8M	50.3M	48.4M	46.5M	41.6M	49M	59.5M	50.4M	54.8M	52.3M
Property, plant & equipment	1.7M	919K	847K	1.3M	3.1M	2.1M	1.8M	1.5M	918K	2.2M
Goodwill & intangibles	574K	334K	96K	74K	56K	38K	20K	92K	100K	138K
Total assets	48.7M	58.9M	55.3M	59.4M	53.6M	63M	75.1M	65.9M	69.4M	71.2M
Accounts payable	4.4M	8.1M	4.5M	13.5M	5.6M	11.3M	19.2M	6.7M	9.3M	16.6M
Short-term debt	3.2M	3.1M	3.2M	3.1M	4.1M	2.3M	4.1M	2.5M	4.6M	1.2M
Total current liabilities	17.4M	26M	14.1M	20M	13M	17.8M	30.2M	15.7M	18.7M	22.2M
Long-term debt	—	—	—	684K	3.9M	1.7M	1.1M	482K	117K	1.3M
Total liabilities	31.1M	37.9M	21.5M	28.9M	24.1M	28.9M	36.1M	19.8M	22.2M	26.6M
Shareholders' equity	17.7M	21M	33.8M	30.4M	29.5M	34M	39M	46.1M	47.3M	44.6M
Total debt	3.2M	3.1M	3.2M	3.8M	8M	4M	5.2M	2.9M	4.7M	2.6M
Net debt	-10M	-7.3M	-21.9M	-14.3M	-11.3M	-16M	-18.8M	-22.3M	-25.9M	-24.8M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	25.2M	25.6M	27.1M	28.9M	30.6M	30.7M	29.5M	26.3M	27.4M	24.9M	23.1M	24.7M
Receivables	13M	11.7M	12.8M	9.4M	14.5M	14.9M	13.6M	13.5M	12M	11.8M	13.6M	11.4M
Inventory	2.5M	7M	1.5M	2.5M	2.3M	2M	2.1M	3.5M	1.4M	2.4M	1.5M	1.8M
Total current assets	50.4M	53.6M	50.9M	51.6M	54.8M	52.2M	50.3M	49.5M	52.3M	49.2M	49M	49.2M
Property, plant & equipment	1.5M	1.4M	1.2M	1.1M	918K	777K	849K	769K	2.2M	2.1M	2M	1.8M
Goodwill & intangibles	92K	49K	48K	47K	100K	48K	47K	90K	138K	134K	128K	124K
Total assets	65.9M	67.4M	64.2M	66.8M	69.4M	67.5M	67.1M	66.8M	71.2M	69.2M	70.3M	70.8M
Accounts payable	6.7M	14M	9.7M	11.8M	9.3M	10.6M	12.1M	12.6M	16.6M	14.6M	15.8M	15.4M
Short-term debt	2.5M	760K	1M	829K	4.6M	2.6M	444K	1.1M	1.2M	1.4M	867K	2.4M
Total current liabilities	15.7M	17M	12.5M	14.6M	18.7M	16.6M	15.1M	15.4M	22.2M	17.9M	18.6M	20.5M
Long-term debt	482K	353K	235K	153K	117K	80K	210K	153K	1.3M	1.3M	1.2M	1.2M
Total liabilities	19.8M	21M	16M	18.7M	22.2M	20.1M	19.7M	19.3M	26.6M	24.3M	25.3M	26.5M
Shareholders' equity	46.1M	46.5M	48.2M	48.1M	47.3M	47.5M	47.5M	47.5M	44.6M	44.8M	45M	44.3M
Total debt	2.9M	1.1M	1.3M	982K	4.7M	2.7M	654K	1.3M	2.6M	2.7M	2.1M	3.6M
Net debt	-22.3M	-24.5M	-25.8M	-27.9M	-25.9M	-28M	-28.8M	-25M	-24.8M	-22.2M	-21M	-21.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.6M	2.5M	-2.4M	-371K	-1.4M	699K	1.9M	5.2M	-326K	-91K
Depreciation & amortization	699K	485K	625K	416K	452K	1M	935K	931K	794K	702K
Stock-based compensation	414K	577K	691K	792K	982K	981K	979K	1.1M	1.6M	1.8M
Change in working capital	114K	832K	-969K	-4.2M	-1.5M	-198K	1.8M	-2.7M	2.7M	1.9M
Operating cash flow	4.7M	4.6M	-1.4M	-3.2M	336K	3.5M	4.4M	2.1M	4.1M	2.3M
Capital expenditure	-735K	-207K	-438K	-832K	-230K	-96K	-232K	-226K	-196K	—
Investing cash flow	-1.1M	-507K	-738K	-1.1M	-345K	-166K	20K	-290K	-246K	-54K
Dividends paid	-1.7M	-1.7M	-1.9M	-2.5M	-1.3M	0	-137K	-656K	-1M	-1.2M
Share repurchases	—	—	—	0	-46K	0	-174K	-6K	-104K	-869K
Financing cash flow	-1.7M	-1.7M	-1.9M	-3.3M	-333K	-1.2M	1.1M	-2.7M	1.1M	-5.3M
Net change in cash	1.9M	2.3M	-3.9M	-7.6M	-342K	2.1M	5.5M	-916K	5M	-3.1M
Free cash flow	4.3M	2.5M	2.4M	-4.2M	14K	1.8M	2.4M	3.6M	4M	1.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	1.4M	-73K	1.6M	-185K	-1.7M	472K	-108K	-264K	-191K	91K	264K	-846K
Depreciation & amortization	211K	200K	198K	200K	196K	197K	183K	169K	153K	165K	172K	120K
Stock-based compensation	295K	296K	409K	429K	445K	507K	448K	403K	411K	463K	390K	532K
Change in working capital	6.2M	1M	295K	2.1M	-798K	993K	2.1M	-2.9M	1.7M	-3.7M	-1.1M	1.3M
Operating cash flow	7.8M	1.4M	2.6M	2.1M	-2M	1.5M	2.4M	-3.3M	1.9M	-2.9M	-493K	447K
Capital expenditure	-11K	-120K	-14K	-45K	-17K	-47K	-7K	—	—	—	—	—
Investing cash flow	2.3M	-120K	-14K	-45K	-14K	-47K	-7K	0	0	—	—	0
Dividends paid	-190K	—	—	-291K	-294K	—	—	-297K	-298K	—	—	-302K
Share repurchases	0	—	—	-70K	-34K	—	—	-251K	-234K	—	—	-118K
Financing cash flow	17K	-2.4M	286K	-1.7M	4.1M	-1.6M	-2.1M	-2.9M	2.3M	533K	-569K	1.1M
Net change in cash	10.2M	-1.1M	2.8M	378K	2.1M	-88K	268K	-6.2M	4.2M	-2.4M	-1.1M	1.6M
Free cash flow	8.8M	1.5M	1.6M	2.4M	-1.5M	1.7M	1.9M	-3.3M	1.6M	-3M	-507K	447K

Date	Ratio
Apr 19, 1999	11:10
Oct 22, 1998	11:10
Mar 20, 1998	11:10

CSP Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history