GSI TECHNOLOGY INC
Business
GSI Technology is a fabless semiconductor company that designs high-speed synchronous SRAM memory products and develops proprietary associative processing unit (APU) technology for compute-in-memory applications. The company offers SRAM products for networking, telecommunications, test & measurement, and military/defense/aerospace markets, along with next-generation APU chips (Gemini-I and Gemini-II) targeting edge AI, high-performance computing, and search applications. GSI operates through a fabless model using TSMC for manufacturing, with development centers in Sunnyvale, Taiwan, and Israel, and sells through OEM customers and distributors worldwide.
Summary from 10-K filed 2026-06-05
Financials
Consolidated Statement of Income
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| CONSOLIDATED STATEMENTS OF OPERATIONS | — | — | — | |
| Net revenues | 25 | 21 | 22 | |
| Cost of revenues ($223, $140 and $125 to a related party) | 11 | 10 | 10 | |
| Gross profit | 14 | 10 | 12 | |
| Operating expenses: | — | — | — | |
| Research and development | 20 | 16 | 22 | |
| Selling, general and administrative | 11 | 11 | 11 | |
| Gain from sale of assets | — | 6 | — | |
| Total operating expenses | 31 | 21 | 32 | |
| Loss from operations | −17 | −11 | −20 | |
| Interest income, net | 926,000 | 445,000 | 541,000 | |
| Gain on change in fair value of warrant liability | −6 | — | — | |
| Issuance costs associated with warrant liability | 3 | — | — | |
| Other expense, net | −206,000 | −119,000 | −127,000 | |
| Loss before income taxes | −13 | −11 | −20 | |
| Provision (benefit) for income taxes | −132,000 | 130,000 | 70,000 | |
| Net loss | −13 | −11 | −20 | |
| Net loss per share: | — | — | — | |
| Basic | −0.42 | −0.42 | −0.8 | |
| Diluted | −0.42 | −0.42 | −0.8 | |
| Weighted average shares used in per share calculations: | — | — | — | |
| Basic | 32 | 25 | 25 | |
| Diluted | 32 | 25 | 25 |
Consolidated Balance Sheet
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| CONSOLIDATED BALANCE SHEETS | — | — | |
| ASSETS | — | — | |
| Cash and cash equivalents | 67 | 13 | |
| Accounts receivable, net | 4 | 3 | |
| Inventories | 4 | 4 | |
| Prepaid expenses and other current assets ($281 and $375 from a related party) | 4 | 3 | |
| Total current assets | 79 | 23 | |
| Property and equipment, net | 883,000 | 808,000 | |
| Operating lease right-of-use assets | 8 | 10 | |
| Goodwill | 8 | 8 | |
| Intangible assets, net | 1 | 1 | |
| Deferred tax asset | 329,000 | — | |
| Other assets | 223,000 | 206,000 | |
| Total assets | 98 | 43 | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | — | — | |
| Accounts payable ($87 and $8 to a related party) | 4 | 991,000 | |
| Lease liabilities, current | 1 | 2 | |
| Accrued expenses and other liabilities | 4 | 4 | |
| Total current liabilities | 9 | 7 | |
| Deferred tax liability | 18,000 | 16,000 | |
| Lease liabilities, non-current | 7 | 8 | |
| Total liabilities | 16 | 15 | |
| Commitments and contingencies (Note 9) | — | — | |
| Stockholders' equity: | — | — | |
| Preferred stock: $0.001 par value authorized: 5,000,000 shares; issued and outstanding: none | — | — | |
| Common Stock: $0.001 par value authorized: 150,000,000 shares; issued and outstanding: 36,602,040 and 25,605,973 shares, respectively | 37,000 | 26,000 | |
| Additional paid-in capital | 130 | 63 | |
| Accumulated other comprehensive loss | −87,000 | −87,000 | |
| Retained deficit | −48 | −35 | |
| Total stockholders' equity | 82 | 28 | |
| Total liabilities and stockholders' equity | 98 | 43 |
Consolidated Statement of Cash Flows
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | — | — | — | |
| Cash flows from operating activities: | — | — | — | |
| Net loss | −13 | −11 | −20 | |
| Adjustments to reconcile net loss to net cash used in operating activities: | — | — | — | |
| Allowance for credit losses and (recoveries) | 106,000 | 2,000 | −16,000 | |
| Provision for excess and obsolete inventories | 301,000 | 305,000 | 180,000 | |
| Non-cash lease expense | 1 | 1 | 576,000 | |
| Change in fair value of contingent consideration | — | 160,000 | 892,000 | |
| Depreciation and amortization | 628,000 | 665,000 | 927,000 | |
| Gain from sale of assets | — | 6 | — | |
| Change in fair value of warrants liability | −6 | — | — | |
| Stock-based compensation | 3 | 2 | 3 | |
| Amortization of premium on investments | — | — | 2,000 | |
| Changes in assets and liabilities: | — | — | — | |
| Accounts receivable | 1 | 53,000 | −369,000 | |
| Inventories | 489,000 | −781,000 | −1 | |
| Prepaid expenses and other assets | 1 | 1 | 536,000 | |
| Accounts payable | 3 | 306,000 | −355,000 | |
| Accrued expenses and other liabilities | −2 | −658,000 | −2 | |
| Net cash used in operating activities | −16 | −13 | −17 | |
| Cash flows from investing activities: | — | — | — | |
| Proceeds from sale of assets | — | 11 | — | |
| Maturities of short-term investments | — | — | 3 | |
| Purchases of property and equipment | 486,000 | 45,000 | 645,000 | |
| Net cash provided by (used in) investing activities | −486,000 | 11 | 3 | |
| Cash flows from financing activities: | — | — | — | |
| Proceeds from issuance of common stock | 19 | — | 153,000 | |
| Proceeds from issuance of warrants | 45 | — | — | |
| Proceeds from warrants exercised | 35,000 | — | — | |
| Proceeds from issuance of common stock under employee stock plans | 6 | 633,000 | 2 | |
| Net cash provided by financing activities | 70 | 633,000 | 2 | |
| Net increase in cash and cash equivalents | 54 | −995,000 | −13 | |
| Cash and cash equivalents at end of the period | — | — | — | |
| Cash and cash equivalents at end of the period | — | — | — | |
| Non-cash investing and financing activities: | — | — | — | |
| Purchases of property and equipment through accounts payable and accruals | — | — | 598,000 | |
| Operating lease right-of-use assets exchanged for lease obligations | — | 9 | 1 | |
| Supplemental cash flow information: | — | — | — | |
| Cash paid for income taxes, net of refunds | 203,000 | 256,000 | 389,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GSI TECHNOLOGY INC's CIK number?
GSI TECHNOLOGY INC's SEC CIK number is 0001126741 (1126741). 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 GSI TECHNOLOGY INC's SEC filings?
All of GSI TECHNOLOGY INC'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 GSI TECHNOLOGY INC last report earnings?
GSI TECHNOLOGY INC (GSIT) most recently filed an earnings 8-K with the SEC on May 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-065370). This is GSI TECHNOLOGY INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is GSI TECHNOLOGY INC's most recent earnings 8-K?
GSI TECHNOLOGY INC's latest earnings 8-K (Item 2.02) was filed May 22, 2026 under accession 0001104659-26-065370. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GSI TECHNOLOGY INC's latest earnings 8-K →
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