CSPI on Nasdaq
CSP INC /MA/
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Last updated Oct 16, 2026.
Overview
Compare with CREATIVE REALITIES, INC., ARB IOT Group Ltd or Simulations Plus, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
31.5%Gross margin2
-5.3%Operating margin2
-0.2%Net margin2
6.4%Revenue growth, 20252
-0.2%Return on equity2
$1.9MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product brought in 64% of the revenue CSP INC /MA/ broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Product | $36.8M | $37.7M |
| Service | $18.4M | $21.0M |
Business segments
Technology Solutions brought in 97% of the revenue CSP INC /MA/ broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Technology Solutions | $51.1M | $56.8M |
| High Performance Products | $4.2M | $1.9M |
Regions
United States brought in 90% of the revenue CSP INC /MA/ broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $48.8M | $52.6M |
| Americas Excluding United States | $4.5M | $4.5M |
| Europe | $1.1M | $1.4M |
| APAC And Africa | $786.0K | $257.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue63¢$40.2M
- Research and development5¢$3.2M
- Selling, general and admin29¢$18.4M
- Income tax2¢$1.6M
Out of $58.7M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending14¢$348.0K
- Dividends paid49¢$1.2M
- Share buybacks36¢$869.0K
Out of $2.3M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total sales | $58.7M | $55.2M |
| Total cost of sales | $40.2M | $36.4M |
| Gross profit | $18.5M | $18.9M |
| Research and development | $3.2M | $3.0M |
| Selling, general and administrative | $18.4M | $17.8M |
| Total operating expenses | $21.6M | $20.7M |
| Operating loss | -$3.1M | -$1.9M |
| Foreign exchange gain (loss) | $33.0K | -$438.0K |
| Interest expense | -$357.0K | -$235.0K |
| Interest income | $1.9M | $2.0M |
| Other income, net | -$82.0K | $79.0K |
| Total other income, net | $1.4M | $1.5M |
| Loss before income taxes | -$1.7M | -$419.0K |
| Income tax benefit | -$1.6M | -$93.0K |
| Net loss | -$91.0K | -$326.0K |
| Net loss attributable to common shareholders | -$91.0K | -$326.0K |
| Net loss per common share - basic (in dollars per share) | -$0.01 | -$0.04 |
| Weighted average common shares outstanding - basic (in shares) | 9.3M shares | 9.0M shares |
| Net loss per common share - diluted (in dollars per share) | -$0.01 | -$0.04 |
| Weighted average common shares outstanding - diluted (in shares) | 9.3M shares | 9.0M shares |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $27.4M | $30.6M | |
| Accounts receivable, net of allowances of $122 and $147 | $12.0M | $14.5M | |
| Financing receivables, net of allowances of $34 and $12 | $8.9M | $4.4M | |
| Inventories | $1.4M | $2.3M | |
| Other current assets | $2.5M | $3.1M | |
| Total current assets | $52.3M | $54.8M | |
| Property, equipment and improvements, net | $539.0K | $429.0K | |
| Operating lease right-of-use assets, net | $1.6M | $489.0K | |
| Intangibles, net | $69.0K | $50.0K | |
| Financing receivables due after one year, net of allowances of $66 and $25 | $6.0M | $2.9M | |
| Deferred income taxes, net | $4.6M | $2.7M | |
| Cash surrender value of life insurance | $5.8M | $5.6M | |
| Pension benefits assets | $42.0K | $2.2M | |
| Other assets | $177.0K | $173.0K | |
| Total assets | $71.2M | $69.4M | |
| Accounts payable and accrued expenses | $19.5M | $12.1M | |
| Line of credit | $903.0K | $4.2M | |
| Deferred revenue and contract liabilities | $1.5M | $2.2M | |
| Pension and retirement plans | $77.0K | $76.0K | |
| Income taxes payable | $192.0K | $182.0K | |
| Total current liabilities | $22.2M | $18.7M | |
| Pension and retirement plans | $1.2M | $1.3M | |
| Operating lease liabilities - noncurrent portion | $1.3M | $117.0K | |
| Income taxes payable | $165.0K | $447.0K | |
| Other noncurrent liabilities | $1.7M | $1.6M | |
| Total liabilities | $26.6M | $22.2M | |
| Common stock, $.01 par value per share; authorized, 20,000 shares; issued and outstanding 9,906 and 9,776 shares, respectively | $99.0K | $98.0K | |
| Additional paid-in capital | $24.7M | $22.7M | |
| Retained earnings | $27.7M | $29.8M | |
| Accumulated other comprehensive loss | -$8.0M | -$5.4M | |
| Total shareholders' equity | $44.6M | $47.3M | $46.1M |
| Total liabilities and shareholders' equity | $71.2M | $69.4M | |
| Accounts receivable, net of allowances | $122.0K | $147.0K | $100.0K |
| Financing receivables, net of allowances, current | $34.0K | $12.0K | |
| Financing receivables, net of allowances, non-current | $66.0K | $25.0K | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common Stock, Shares Authorized | 20.0M shares | 20.0M shares | |
| Common stock, shares issued | 9.9M shares | 9.8M shares | |
| Common stock, shares outstanding | 9.9M shares | 9.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net income | -$91.0K | -$326.0K |
| Depreciation | $237.0K | $292.0K |
| Amortization of intangibles | $7.0K | $6.0K |
| Loss on disposal of fixed assets, net | $1.0K | $1.0K |
| Foreign exchange loss | -$33.0K | $438.0K |
| Provision (benefit) for credit losses - financing receivables | $63.0K | -$45.0K |
| Provision for credit losses - accounts receivable | $25.0K | $114.0K |
| Provision for obsolete inventory | $182.0K | $354.0K |
| Amortization of lease right-of-use assets | $458.0K | $496.0K |
| Stock-based compensation expense on restricted stock awards | $1.8M | $1.6M |
| Deferred income taxes | -$1.8M | -$387.0K |
| Increase in cash surrender value of life insurance | -$202.0K | -$180.0K |
| Accounts receivable | $2.5M | -$1.6M |
| Financing receivables | -$7.7M | $4.1M |
| Inventories | $669.0K | -$95.0K |
| Other assets | $570.0K | -$681.0K |
| Accounts payable and accrued expenses | $7.5M | $1.4M |
| Operating lease liabilities | -$450.0K | -$485.0K |
| Deferred revenue and contract liabilities | -$668.0K | $273.0K |
| Pension and retirement plans liabilities | -$557.0K | $27.0K |
| Income taxes payable | -$272.0K | -$798.0K |
| Other noncurrent liabilities | $95.0K | -$238.0K |
| Net cash provided by operating activities | $2.3M | $4.2M |
| Life insurance premiums paid | -$54.0K | -$50.0K |
| Additions of intangible assets | -$26.0K | -$10.0K |
| Purchases of property, equipment and improvements | -$348.0K | -$196.0K |
| Net cash used in investing activities | -$428.0K | -$256.0K |
| Dividends paid | -$1.2M | -$1.0M |
| Net repayments under line-of-credit agreement | -$3.3M | $2.7M |
| Repayments on note payable | $0 | -$427.0K |
| Repurchases of common stock | -$869.0K | -$104.0K |
| Proceeds from issuance of shares under equity compensation plans | $286.0K | $274.0K |
| Net cash used in financing activities | -$5.0M | $1.4M |
| Effects of exchange rate on cash, net | $29.0K | $32.0K |
| Net (decrease) increase in Cash and cash equivalents | -$3.2M | $5.4M |
| Cash paid for income taxes | -$446.0K | -$1.6M |
| Cash paid for interest | -$137.0K | -$206.0K |
| Obtaining a right-of-use asset in exchange for a lease liability | $1.6M | $19.0K |
| Customer financing for inventory sold (see Note 5 Financing receivables, net for details) | $13.7M | $5.2M |
| Vendor financing for inventory purchased (see Note 8 Accounts payable and accrued expenses, and Other noncurrent liabilities for details) | $4.5M | $3.0M |
Recent filings
- Sep 15, 20264
- Aug 14, 202610-Q
- Aug 14, 20268-K
- Aug 4, 20264 PRIMARY DOCUMENT
- Jun 10, 20264 PRIMARY DOCUMENT
- Jun 9, 20268-K
- Jun 9, 20263 PRIMARY DOCUMENT
- May 19, 2026SD
- May 18, 20264 PRIMARY DOCUMENT
- May 14, 20264 PRIMARY DOCUMENT
- May 13, 20264 PRIMARY DOCUMENT
- May 13, 20264 PRIMARY DOCUMENT
- May 7, 20268-K
- May 7, 202610-Q
- Apr 15, 20264 PRIMARY DOCUMENT
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARCSP INC /MA/ filings on SEC EDGAR
- 2SEC EDGARCSP INC /MA/ 10-K for fiscal 2025
- 3SEC EDGARCSP INC /MA/ filings on SEC EDGAR
- 4SEC EDGARCSP INC /MA/ 10-K for fiscal 2018
- 5SEC EDGARCSP INC /MA/ 10-K for fiscal 2020
- 6SEC EDGARCSP INC /MA/ 10-K for fiscal 2021
- 7SEC EDGARCSP INC /MA/ 10-K for fiscal 2022
- 8SEC EDGARCSP INC /MA/ 10-K for fiscal 2023
- 9SEC EDGARCSP INC /MA/ 10-K for fiscal 2019
- 10SEC EDGARCSP INC /MA/ 10-Q for fiscal 2025
- 11SEC EDGARCSP INC /MA/ 10-Q for fiscal 2026
- 12SEC EDGARCSP INC /MA/ 10-Q for fiscal 2026