Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| GSI Technology Inc.GSIT · business equipment | |
|---|---|
| Grade |  Cmiddle fifth of 497 graded peers; percentile 56.2, sampling error 2.2 points; lower is stronger |
| Rank | 280 of 497 |
| Profitability | Dpercentile 76.2 |
| Solvency | Apercentile 11.3 |
| Growth and financing | Dpercentile 63.5 |
| Reliability | 0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025 |
| Peer failure rate | 1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $12.5M to $120M assetstotal assets $98.0M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | dilutionnot computable: distress, fortress balance sheet |
| Inputs computable | 8 of 14 |
| Graded from | filings received through Jun 5, 2026126 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $4.922026-10-08; market equity $189.1M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Jun 5, 2026; the document on sec.gov.
GSI Technology, Inc. (“GSI” or the “Company”) is a semiconductor company pursuing a two-pronged business strategy. Our growth strategy centers on the commercialization of our proprietary associative processing unit (“APU”) technology, which enables high-performance, low-power, compute-in-memory processing for artificial intelligence, high-performance computing, and search applications at the edge. We fund this development through our established legacy business designing and selling high-speed synchronous static random access memory (“SRAM”) products, primarily for the networking and telecommunications, test and measurement, and military/defense and aerospace markets.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 76.2 | |||||||
| Gross profitability | 14.0% | [1,5] | 28.5% | 75.2 | 558 | 2026-03-31 | |
| Return on invested capital | not computable | 10.9% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | 3.8% | [1,6-8] | (7.4%) | 90.8 | 621 | 2026-03-31 | |
| Gross margin stability, five years | 3.2 pts | [2,5,9-16] | 2.4 pts | 62.6 | 429 | 2026-03-31 | |
| Solvency, sleeve percentile 11.3 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 7.18 | [1,17-22] | 2.18 | 13.6 | 566 | 2026-03-31 | |
| Net debt to EBITDA | not computable | 1.11x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | 3.77x | |||||
| one or more required annual facts are missing | |||||||
| Current ratio | 8.61x | [17-18] | 2.02x | 8.9 | 666 | 2026-03-31 | |
| Growth and financing, sleeve percentile 63.5 | |||||||
| Revenue growth, three-year compound | (5.4%) | [2,10,12,14] | 6.4% | 80.6 | 538 | 2026-03-31 | |
| Free cash flow growth, three-year compound | not computable | 17.2% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 14.3% | |||||
| NOPAT must exceed $100,000 | |||||||
| Asset growth, three years | 17.8% | [1,8,23-24] | 5.0% | 20.1 | 563 | 2026-03-31 | |
| Net share issuance, one year | 37.2% | [3-4] | 0.5% | 89.7 | 407 | 2026-05-31 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.007; sampling error 2.2 percentile points on 497 peers.
Among 497 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 275 | Espey MFG & Electronics Corp. (ESP) Espey MFG & Electronics Corp. (ESP) Cmiddle fifth; percentile 55.2 NYSE · Electronic Components, NEC market equity $181.0M; last close $60.20 No active warnings; 10 of 14 inputs | 55.2 | C | |
| 276 | Telos Corp. (TLS) Telos Corp. (TLS) Cmiddle fifth; percentile 55.4 Nasdaq · Services-Computer Integrated Systems Design market equity $326.6M; last close $4.37 No active warnings; 9 of 14 inputs | 55.4 | C | |
| 277 | Bandwidth Inc. (BAND) Bandwidth Inc. (BAND) Cmiddle fifth; percentile 55.6 Nasdaq · Services-Prepackaged Software last close $51.96 No active warnings; 7 of 14 inputs | 55.6 | C | |
| 278 | Teledyne Technologies Inc. (TDY) Teledyne Technologies Inc. (TDY) Cmiddle fifth; percentile 55.8 NYSE · Search, Detection, Navigation, Guidance, Aeronautical Sys market equity $28.0B; last close $605.48 No active warnings; 12 of 14 inputs | 55.8 | C | |
| 279 | Seer, Inc. (SEER) Seer, Inc. (SEER) Cmiddle fifth; percentile 56.0 Nasdaq · Laboratory Analytical Instruments market equity $120.2M; last close $2.17 No active warnings; 7 of 14 inputs | 56.0 | C | |
| 280 | GSI Technology Inc. (GSIT) GSI Technology Inc. (GSIT) Cmiddle fifth; percentile 56.2 Nasdaq · Semiconductors & Related Devices market equity $189.3M; last close $4.92 Warnings: dilution; 8 of 14 inputs | 56.2 | C | dilution |
| 281 | Lumentum Holdings Inc. (LITE) Lumentum Holdings Inc. (LITE) Cmiddle fifth; percentile 56.5 Nasdaq · Communications Equipment, NEC market equity $94.1B; last close $1,048.15 Warnings: dilution; 10 of 14 inputs | 56.5 | C | dilution |
| 282 | Rapid7, Inc. (RPD) Rapid7, Inc. (RPD) Cmiddle fifth; percentile 56.7 Nasdaq · Services-Prepackaged Software market equity $873.5M; last close $12.96 No active warnings; 11 of 14 inputs | 56.7 | C | |
| 283 | Knightscope, Inc. (KSCP) Knightscope, Inc. (KSCP) Cmiddle fifth; percentile 56.9 Nasdaq · Communications Equipment, NEC market equity $972,967; last close $0.64 Warnings: short runway, fortress balance sheet; 8 of 14 inputs | 56.9 | C | short runway, fortress balance sheet |
| 284 | Motorola Solutions, Inc. (MSI) Motorola Solutions, Inc. (MSI) Cmiddle fifth; percentile 57.1 NYSE · Radio & Tv Broadcasting & Communications Equipment market equity $74.0B; last close $447.00 Warnings: fortress balance sheet; 10 of 14 inputs | 57.1 | C | fortress balance sheet |
| 285 | Energizer Holdings, Inc. (ENR) Energizer Holdings, Inc. (ENR) Cmiddle fifth; percentile 57.3 NYSE · Miscellaneous Electrical Machinery, Equipment & Supplies market equity $1.5B; last close $21.43 No active warnings; 7 of 14 inputs | 57.3 | C |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C | 52.7 | 2204 |
| sector peers, equal sleeves (the grade) | C | 56.2 | 497 |
| same exchange, equal sleeves | C | 50.2 | 1219 |
| sector peers, equal inputs | D | 67.1 | 497 |
Each letter is one fifth of the 497 graded peers, about 99 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 50.5% | 2.2% | 80 | hotter than 80 of 100 peers |
| Distance from 52-week high | (62.0%) | (30.0%) | 16 | closer to its high than 16 of 100 peers |
| EBIT to enterprise value | not computable | 1.5% | required accounting or market input is missing | |
| Free cash flow yield | (8.7%) | 2.7% | 16 | pricier than 84 of 100 peers |
| Book value to price | 0.49 | 0.23 | 73 | pricier than 27 of 100 peers |
| Sales to price | 0.13 | 0.30 | 26 | pricier than 74 of 100 peers |
| Composite equity issuance, five years | 46.4% | 3.9% | 86 | more equity-funded than 86 of 100 peers |
| Relative strength against the sector, log excess return | 0.13 | (0.26) | 80 | ahead of 80 of 100 peers |
Inputs: market equity $189.3M; EBIT -$17.5M; free cash flow -$16.4M; book equity $91.9M; sales $25.1M; cash $77.0M[25].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-03-31 | ||
|---|---|---|
| Return on assets above zero | (30.6%) | ✗ fail[6,8] |
| Operating cash flow above zero | -$15.9M | ✗ fail[7] |
| Return on assets improved | (5.5 pts) | ✗ fail[6,8,23,26] |
| Operating cash flow exceeds net income | -$2.7M | ✗ fail[6-7] |
| Long-term leverage fell | n/a[1,8,23] | |
| Current ratio improved | 529.5 pts | ✓ pass[17-18,27-28] |
| No new shares issued | 37.2% | ✗ fail[3-4] |
| Gross margin improved | 5.1 pts | ✓ pass[2,5,9-10] |
| Asset turnover improved | 9.7 pts | ✓ pass[2,8,10,23] |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $98.0M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $25.1M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 3 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 38,246,573 | 2026-05-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 4 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 27,872,119 | 2025-05-31 | 2025-06-18 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $13.7M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | -$13.2M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$15.9M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $43.3M | 2025-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $10.1M | 2025-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $20.5M | 2025-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $11.8M | 2024-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $21.8M | 2024-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $17.7M | 2023-03-31 | 2025-06-18 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $29.7M | 2023-03-31 | 2025-06-18 | 10-K | filing · viewer · series |
| 15 | gross profit | us-gaap:GrossProfit | $18.5M | 2022-03-31 | 2024-06-13 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $33.4M | 2022-03-31 | 2024-06-13 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $79.2M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $9.2M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 19 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$48.5M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 20 | operating income | us-gaap:OperatingIncomeLoss | -$17.5M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 21 | book equity | us-gaap:StockholdersEquity | $81.8M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 22 | liabilities | us-gaap:Liabilities | $16.2M | 2026-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 23 | assets | us-gaap:Assets | $42.5M | 2024-03-31 | 2025-06-18 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $59.9M | 2023-03-31 | 2024-06-13 | 10-K | filing · viewer · series |
| 25 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 38,432,590 | 2026-07-31 | 2026-08-11 | 10-Q | filing · viewer · series |
| 26 | net income | us-gaap:NetIncomeLoss | -$10.6M | 2025-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 27 | current assets | us-gaap:AssetsCurrent | $23.5M | 2025-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 28 | current liabilities | us-gaap:LiabilitiesCurrent | $7.1M | 2025-03-31 | 2026-06-05 | 10-K | filing · viewer · series |
| 29 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $77.0M | 2026-06-30 | 2026-08-11 | 10-Q | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$3.9M | 2026-06-30 | 2026-08-11 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$10.5M | 2025-12-31 | 2026-02-06 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$2.6M | 2025-09-30 | 2025-11-07 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.7M | 2025-06-30 | 2026-08-11 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 56.2 is 3.7 points from the nearest band edge; sampling error is 2.2 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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