CSP Inc.

CSPI Technology Information Technology Services

CSP Inc.’s revenue for fiscal 2025 (year ended September 2025) was $58.7 million, up 6.36% from fiscal 2024. In the quarter to June 2026, revenue fell 6.80%, EPS fell 200.0% and free cash flow grew 113.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

7.70 0.29 +3.91%
Market cap
$74.7M
P/E
0.0×
Fwd P/E
17.1×
Dividend yield
1.56%
F-score
5/9
Altman Z
4.16
Beneish M
−2.42
Dividend safety
50/100

Insider Decisions trades per month

Total buys 0.32
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 2 1 — 4 1 — — 1 —
Sell — — — — — — — — — — — —
Insider Ownership 25.73%

Capital & Financial Ratios $m

Market Cap 74.70
Revenue 56.91
Net Income (0.68)
Free Cash Flow (1.41)
Net Debt (24.67)
Current Ratio 2.40 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 17.10
P/S ratio 1.29
P/B ratio 1.66
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth 10.55% (at or above 10%: strong)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 73.28%
10-year low 10-year high
P/B against its own 10 years 46.89%
10-year low 10-year high
EV/Sales against its own 10 years 72.72%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.12
Annual Dividend Yield 1.56%
total individual payouts
2026 0.09
0.03
0.03
0.03
2025 0.12
0.03
0.03
0.03
0.03
2024 0.12
0.03
0.03
0.03
0.03
2023 0.08
0.02
0.02
0.02
0.02
2022 0.03
0.02
0.02
2021 Powerpack
2020 0.08
0.08
2019 0.38
0.08
0.08
0.08
0.08
0.08
2018 0.19
0.06
0.06
0.08
2017 0.28
0.06
0.06
0.06
0.06
0.06
2016 0.17
0.06
0.06
0.06
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 25 31 27 25
Receivables 20 19 21 20
Inventory 3 2 1 2
Other 2 3 3 3
50 55 52 49
2023 2024 2025 Q'26
Payables 11 12 20 15
ST’ Debt — — — —
Other 2 4 1 3
16 19 22 20

Compound Annual Growth %

10y 5y 3y
Sales (4.10%) (1.01%) 2.61%
Cash Flow 0.00% 56.19% (5.35%)
Earnings 0.00% 0.00% 0.00%
Book Value 8.56% 8.57% 4.57%

Revenue $m

Dec Mar Jun Sep Year
’26 12 16 14 — —
’25 16 13 15 14 59
’24 15 14 13 13 55
’23 18 13 18 15 65
’22 12 12 13 17 54
’21 11 14 14 10 49
’20 17 17 14 14 62
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 (3) 0 0 — —
’25 2 2 (3) 2 2
’24 2 2 2 (2) 4
’23 (4) 0 0 9 4
’22 0 2 (1) 2 3
’21 2 0 (1) 1 2
’20 0 (1) 3 (1) 0
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 (3) (1) 0 — —
’25 2 2 (3) 2 2
’24 2 2 2 (2) 4
’23 (4) 0 0 9 4
’22 0 1 (1) 2 2
’21 2 0 (1) 1 2
’20 (1) (2) 3 (1) 0
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 0.01 0.03 (0.09) — —
’25 0.05 (0.01) (0.03) (0.02) (0.01)
’24 (0.01) 0.16 (0.02) (0.18) (0.04)
’23 0.11 0.04 0.26 0.15 0.55
’22 (0.04) 0.02 0.08 0.16 0.21
’21 0.13 (0.10) (0.05) 0.10 0.08
’20 (0.07) (0.09) (0.02) 0.01 (0.18)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2.68 4.13 4.38 4.66 2.26 3.87 3.31 4.54 9.07 9.65

Analyst estimates 2026–2028

Powerpack
High 5.98 8.50 9.45 7.75 7.93 7.17 4.99 13.99 29.93 21.95
People
People Employees 185 200 124 114 112 112 117 112 111 123
Revenue/emp, $m 0.56 0.44 0.59 0.69 0.55 0.44 0.46 0.58 0.50 0.48
Income, $m
Income, $m Revenue 103 88 73 79 62 49 54 65 55 59
Gross margin, % 24.23 24.21 25.23 22.80 27.78 32.82 34.63 33.91 34.15 31.52
EBT 4 3 (1) 0 (1) 1 2 5 0 (2)
EBT margin, % 3.48 3.85 (1.52) (0.56) (1.72) 1.38 3.57 7.32 (0.76) (2.83)
Net income 3 3 (2) 0 (1) 0 2 5 0 0
Depreciation 1 0 1 0 1 1 1 1 1 1
Per share, $
Per share, $ Revenue 14.32 11.88 9.54 10.07 7.67 5.93 6.38 7.38 6.11 6.32
Earnings 0.35 0.32 1.81 (0.04) (0.18) 0.08 0.21 0.56 (0.04) (0.01)
Cash flow 0.69 0.36 0.38 (0.42) 0.03 0.23 0.31 0.45 0.47 0.24
Capex (0.10) (0.03) (0.06) (0.11) (0.03) (0.01) (0.03) (0.03) (0.02) (0.04)
Free cash flow 0.59 0.33 0.32 (0.53) 0.00 0.22 0.29 0.41 0.44 0.20
Book value 2.45 2.82 4.42 3.88 3.67 4.10 4.57 5.27 5.23 4.79
Shares, m 7 7 8 8 8 8 9 9 9 9
Valuation, ×
Valuation, × P/E 14.84 17.34 3.76 0.00 0.00 55.88 18.00 16.05 0.00 0.00
P/S 0.36 0.47 0.70 0.67 0.56 0.75 0.56 1.21 2.13 1.83
P/B 2.09 1.97 1.51 1.73 1.18 1.09 0.79 1.69 2.48 2.41
EV/Sales 0.23 0.35 0.35 0.44 0.29 0.36 0.13 0.82 1.58 1.37
EV/FCF 5.59 12.60 10.56 (8.38) 1,263.35 9.91 2.92 14.68 21.79 42.46
Cash, $m
Cash, $m Operating cash flow 5 3 3 (3) 0 2 3 4 4 2
Capex (1) 0 0 (1) 0 0 0 0 0 0
Free cash flow 4 2 2 (4) 0 2 2 4 4 2
Balance, $m
Balance, $m Working capital 24 24 34 27 29 31 29 35 36 30
Total debt — 3 1 1 2 1 0 0 — —
Net debt (13) (10) (25) (18) (17) (19) (24) (25) (31) (27)
Shareholders’ equity 18 21 34 30 30 34 39 46 47 45
Returns, %
Returns, % ROA 5.21 4.46 24.24 (0.65) (2.56) 1.14 2.59 6.93 (0.48) (0.13)
ROIC 52.19 20.06 (11.18) (4.08) (7.17) (5.73) (0.16) 5.58 (7.01) (11.34)
ROE 13.40 12.41 50.52 (1.16) (4.82) 2.09 4.90 11.48 (0.70) (0.20)
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

CSP Inc. vs peers in Information Technology Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UIS Unisys Corporation $164.1M — (loss-making) — (loss-making) −2.03% (below 0%: shrinking) n/m +85.44% (above 0%: growing) 24.77% (6.95%) Compare
ALYAF Alithya Group Inc. $133.6M — (loss-making) 12.5× −15.47% (below 0%: shrinking) n/m −10.24% (below 0%: shrinking) 30.36% (0.05%) Compare
QXL Quantum X Labs Inc. $83.7M 30.1× — −20.81% (below 0%: shrinking) n/m −160.00% (below 0%: shrinking) 100.00% 831.40% Compare
TTEC TeleTech Holdings, Inc. $81.8M — (loss-making) 7.3× −11.31% (below 0%: shrinking) n/m −54.78% (below 0%: shrinking) 21.44% 2.42% Compare
CSPI CSP Inc. $74.7M — (loss-making) 17.1× −6.80% (below 0%: shrinking) n/m +113.35% (above 0%: growing) 30.09% (10.71%)
WYY WidePoint Corporation $64.7M — (loss-making) — (loss-making) +1.92% (above 0%: growing) n/m −103.84% (below 0%: shrinking) 15.39% 0.03% Compare
CTM Castellum, Inc. $55.5M — (loss-making) — (loss-making) −1.14% (below 0%: shrinking) n/m +791.11% (above 0%: growing) 34.04% (7.89%) Compare
SAIH SAIHEAT Limited $50.9M — (loss-making) — — n/m −2,693.33% (below 0%: shrinking) 11.20% 0.00% Compare
AIOS AIOS Tech Inc. $36.2M 0.1× 0.3× +86.74% (above 0%: growing) n/m +102.58% (above 0%: growing) 15.66% 0.00% Compare
Median of peers $73.3M — 7.3× −2.03% — −32.51% 23.11% 0.00%

All 73 Information Technology Services stocks →

CSP Inc. (CSPI) key facts

  • Concern: CSP Inc. reported a net loss of $91,000.00, or a loss of $0.01 per share, for fiscal 2025.
  • Strength: CSP Inc.’s revenue for fiscal 2025 (year ended September 2025) was $58.7 million, up 6.36% from fiscal 2024.
  • CSP Inc. (CSPI) is an Information Technology Services company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, CSPI traded at $7.70, a market capitalization of $74.7 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 1.3× sales.
  • CSP Inc. pays an annual dividend of $0.12 per share, a yield of 1.56%.
  • Return on equity was −0.20% and debt-to-equity 0.00.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 4.16 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

CSP Inc. (CSPI) Latest News

7 Jan

Impact 4 · transcript
Impact 4 · transcript

2 Jun

stockrow.com/CSPI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com