CSP INC /MA/

Listed Company

CSPICIK 0000356037NasdaqNon-AcceleratedSmaller ReportingServices-Computer Integrated Systems DesignMassachusettsFY ends Sep 30

Period

FY 2025

Revenue

$58.73M

Net Income

$-91.0K

Total Assets

$71.16M

Equity

$44.55M

Shares Out

10.07M

Op. Cash Flow

$2.27M

+ Insider

CSPI$8.11−30.51% · past yearDBEQ Basic

Daily closing prices

Business

CSP Inc. develops IT integration solutions, advanced security products, managed IT services, and high-performance cluster computer systems for commercial and defense customers. The company operates as a value-added reseller of third-party hardware and software with professional consulting and managed services, while offering proprietary cybersecurity software (ARIA), SmartNIC network adapters (Myricom), and digital signal processing products. CSP operates through Technology Solutions, serving enterprises across automotive, defense, healthcare, and government sectors, and High Performance Products, targeting OEMs and government customers.

Summary from 10-K filed 2025-12-16

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Total sales	59	55	65	54	49
Total cost of sales	40	36	43	36	33
Gross profit	19	19	22	19	16
Research and development	3	3	3	3	3
Selling, general and administrative	18	18	17	16	15
Total operating expenses	22	21	20	19	18
Operating loss	−3	−2	2	−40,000	−1
Foreign exchange gain (loss)	33,000	−438,000	−581,000	2	−488,000
Interest expense	−357,000	−235,000	—	—	—
Interest income	2	2	1	650,000	575,000
Other income, net	−82,000	79,000	112,000	−3,000	107,000
Total other income, net	1	1	3	2	2
Loss before income taxes	−2	−419,000	5	2	678,000
Income tax benefit	−2	−93,000	−469,000	50,000	444,000
Net loss	−91,000	−326,000	5	2	699,000
Net loss attributable to common shareholders	−91,000	−326,000	5	2	666,000
Net loss per common share - basic (in dollars per share)	−0.01	−0.04	0.56	0.42	0.16
Weighted average common shares outstanding - basic (in shares)	9	9	9	4	4
Net loss per common share - diluted (in dollars per share)	−0.01	−0.04	0.55	0.42	0.16
Weighted average common shares outstanding - diluted (in shares)	9	9	9	4	4

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	27	31	25	24	20
Accounts receivable, net of allowances of $122 and $147	12	14	—	—	—
Financing receivables, net of allowances of $34 and $12	9	4	7	9	—
Inventories	1	2	3	4	4
Other current assets	3	3	2	7	5
Total current assets	52	55	50	59	49
Property, equipment and improvements, net	539,000	429,000	525,000	647,000	764,000
Operating lease right-of-use assets, net	2	489,000	966,000	1	1
Intangibles, net	69,000	50,000	46,000	10,000	19,000
Financing receivables due after one year, net of allowances of $66 and $25	6	3	4	—	—
Deferred income taxes, net	5	3	2	0	—
Cash surrender value of life insurance	6	6	5	5	4
Pension benefits assets	42,000	2	2	1	0
Other assets	177,000	173,000	119,000	111,000	68,000
Total assets	71	69	66	75	63
Accounts payable and accrued expenses	20	12	11	22	14
Line of credit	903,000	4	2	3	941,000
Deferred revenue and contract liabilities	2	2	2	4	2
Pension and retirement plans	77,000	76,000	98,000	110,000	308,000
Income taxes payable	192,000	182,000	914,000	0	—
Total current liabilities	22	19	16	30	18
Pension and retirement plans	1	1	1	1	4
Operating lease liabilities - noncurrent portion	1	117,000	482,000	623,000	821,000
Income taxes payable	165,000	447,000	513,000	462,000	524,000
Other noncurrent liabilities	2	2	2	3	5
Total liabilities	27	22	20	36	29
Common stock, $.01 par value per share; authorized, 20,000 shares; issued and outstanding 9,906 and 9,776 shares, respectively	99,000	98,000	94,000	46,000	45,000
Additional paid-in capital	25	23	21	19	18
Retained earnings	28	30	15,000	27	25
Accumulated other comprehensive loss	−8	−5	−6	−7	−9
Total shareholders' equity	45	47	46	39	34
Total liabilities and shareholders' equity	71	69	66	75	63

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net income	−91,000	−326,000	5	2	699,000
Depreciation	237,000	292,000	343,000	350,000	379,000
Amortization of intangibles	7,000	6,000	15,000	9,000	9,000
Loss on disposal of fixed assets, net	1,000	1,000	4,000	0	—
Provision (benefit) for credit losses - financing receivables	63,000	−45,000	0	—	—
Provision for credit losses - accounts receivable	25,000	114,000	26,000	−50,000	52,000
Provision for obsolete inventory	182,000	354,000	274,000	130,000	36,000
Amortization of lease right-of-use assets	458,000	496,000	573,000	576,000	648,000
Stock-based compensation expense on restricted stock awards	2	2	1	1	1
Deferred income taxes	−2	−387,000	−2	0	1
Increase in cash surrender value of life insurance	−202,000	−180,000	−130,000	−1	−176,000
Accounts receivable	2	−2	1	—	—
Financing receivables	−8	4	5	—	—
Inventories	669,000	−95,000	2	−517,000	1
Other assets	570,000	−681,000	4	−2	−2
Accounts payable and accrued expenses	7	1	−12	9	6
Operating lease liabilities	−450,000	−485,000	−190,000	−330,000	−661,000
Deferred revenue and contract liabilities	−668,000	273,000	−2	2	946,000
Pension and retirement plans liabilities	−557,000	27,000	−391,000	−167,000	−301,000
Income taxes payable	−272,000	−798,000	967,000	−62,000	−65,000
Other noncurrent liabilities	95,000	−238,000	−1	−2	5
Net cash provided by operating activities	2	4	4	3	2
Life insurance premiums paid	−54,000	−50,000	−64,000	−70,000	−70,000
Additions of intangible assets	−26,000	−10,000	−51,000	0	—
Purchases of property, equipment and improvements	−348,000	−196,000	−226,000	−234,000	−98,000
Net cash used in investing activities	−428,000	−256,000	−341,000	20,000	−166,000
Dividends paid	−1	−1	−656,000	−137,000	0
Net repayments under line-of-credit agreement	−3	3	−2	2	−631,000
Repayments on note payable	0	−427,000	−406,000	−736,000	−332,000
Repurchases of common stock	−869,000	−104,000	−6,000	−174,000	0
Proceeds from issuance of shares under equity compensation plans	286,000	274,000	280,000	239,000	283,000
Net cash used in financing activities	−5	1	−2	1	−954,000
Effects of exchange rate on cash, net	29,000	32,000	70,000	−48,000	−40,000
Net (decrease) increase in Cash and cash equivalents	−3	5	1	4	743,000
Cash paid for income taxes	−446,000	−2	246,000	−233,000	114,000
Cash paid for interest	−137,000	−206,000	313,000	184,000	189,000
Obtaining a right-of-use asset in exchange for a lease liability	2	19,000	392,000	352,000	0
Customer financing for inventory sold (see Note 5 Financing receivables, net for details)	14	5	6	1	16
Vendor financing for inventory purchased (see Note 8 Accounts payable and accrued expenses, and Other noncurrent liabilities for details)	5	3	2	0	—

Filings

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Insiders

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Insider Activity

Person — CSP INC /MA/

CIK: 0000356037
Insider filer: Yes

Positions

Company	Ticker	Role	Title	Tenure
CSP INC /MA/	CSPI	officer	CAO	2026-06-09

Frequently asked questions

What is CSP INC /MA/'s CIK number?

CSP INC /MA/'s SEC CIK number is 0000356037 (356037). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CSP INC /MA/'s SEC filings?

All of CSP INC /MA/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CSP INC /MA/ last report earnings?

CSP INC /MA/ (CSPI) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000356037-26-000024). This is CSP INC /MA/'s most recent earnings filing of record — not a forecast of its next earnings date.

What is CSP INC /MA/'s most recent earnings 8-K?

CSP INC /MA/'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0000356037-26-000024. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View CSP INC /MA/'s latest earnings 8-K →
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