GSI Technology vs Sealsq
GSI Technology is the larger business, with $25.1m of revenue in fiscal 2026 against $18.3m for Sealsq (1.4 times as much). Sealsq grew faster (66.2% against 22.4%). GSI Technology kept more of each dollar of sales as profit: a net margin of -52.7% against -187.3%. GSI Technology carries less debt relative to equity (0.0% against 0.5%).
| Latest fiscal year | GSI TechnologyGSIT, 2026 | SealsqLAES, 2025 |
|---|---|---|
| Revenue | $25.1m | $18.3m |
| Revenue growth | 22.4% | 66.2% |
| Net income | −$13.2m | −$34.2m |
| Operating margin | -69.6% | -218.1% |
| Net margin | -52.7% | -187.3% |
| Return on equity | -24.1% | -12.7% |
| Free cash flow | −$16.4m | −$32.0m |
| Cash | $67.2m | $418m |
| Total debt | $0 | $2.4m |
| Debt to equity | 0.0% | 0.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 125 | — |
| Market value | $146m | $264m |
| Price vs our value range | — | — |
| Moat score | 42 (Weak) | — |
| Insider trades, 12 months | 0 buys, 24 sales | 0 buys, 38 sales |