MARKETS / NASDAQ / CSPI

NASDAQ · SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN · SMALL CAP

CSP Inc. CSPI

16 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$58.7M

▲ 6.4% YoY

Net income

$-91,000

Free cash flow

$1.9M

▼ 52.2% YoY

In brief

What this company does

To meet the diverse requirements of our commercial and defense customers worldwide, CSPi and its subsidiaries develop and market IT integration solutions, advanced security products, managed IT services, cloud services, purpose built network adapters, and high-performance cluster computer systems. CSPI operates in two segments: Technology Solutions ("TS") and High Performance Products ("HPP"). The TS segment consists of our wholly-owned Modcomp, Inc. subsidiary, which operates in the United States and the United Kingdom. The TS segment generates product revenues by reselling third-party computer hardware and software as a value added reseller ("VAR"). As of September 30, 2025, we had approximately 123 full time equivalent employees worldwide for our consolidated operations.

Written from the business description in CSP Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 16 December 2025. Every sentence was checked against that document before publication.

Growth

USD 58.7M

Revenue, FY2025 · full 16-year series below

Revenue $M Net income $M

FY2025 · Revenue 58.7 · Net income -0.1

Compound annual growth

Revenue

+2.6%

−1.0%

−4.1%

−2.8%

Returned to shareholders

+87.7%

+9.5%

+2.4%

+14.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at −1.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−0 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating -5.3% · Net -0.2%

ROE

FY2025 · ROE -0.2%

Gross margin31.5%

Operating margin-5.3%

Net margin-0.2%

Return on assets-0.1%

EBITDAUSD -2.9M

Each USD of equity lost 0 cents this year.

Cash & shareholders

USD 2.1M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 1.9

Net buybacks $M Dividends $M

FY2025 · Dividends 1.2 · Net buybacks 0.9

Dividends paidUSD 1.2M

Net buybacksUSD 869,000.00

Share of profit-2260.4%

Consecutive raises2 years (since the 2023 share-count change)

USD 1.2M in dividends and USD 869,000.00 in buybacks went back to shareholders in a year without profit.

Total assetsUSD 71.2M

EquityUSD 44.6M

CashUSD 27.4M

Current ratio2.36×

Equity funds 63% of total assets.

The 16-year record

16 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue $B	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Operating income $B	−0.0	−0.0	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	−0.0	−0.0	0.0	0.0	−0.0	−0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Income tax $B	−0.0	−0.0	−0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0
Net income $B	−0.0	−0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	−0.0	0.0	−0.0	0.0	0.0	−0.0
EPS, diluted $	−0.01	−0.04	0.55	0.42	0.16	−0.36	−0.09	3.55	0.63	0.67	−0.06	0.37	0.10	1.91	0.10	0.25
Dividend / sh $	0.12	0.10	0.07	0.03	·	0.30	0.60	0.48	0.44	0.44	0.44	0.43	0.40	0.22	·	·
Payout %	−1305	−312	13	7	0	−87	−665	13	69	64	−770	116	376	11	·	·
ROE %	−0.2	−0.7	12.2	5.2	2.2	−4.8	−1.2	52.7	13.0	14.0	−1.0	6.0	1.6	32.3	2.0	4.9
Shares out B	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures · 5 divergences in 80 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 5 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures5 divergent

ActivityServices-Computer Integrated Systems Design

Listed onNASDAQ

Incorporated inMassachusetts

Fiscal year endsSeptember 30

SEC categorysmaller reporting company

Data on record since2010