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CSP Inc (CSPI) stock

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NASDAQ: CSPI Nasdaq IT Consulting & Other Services Next results ~November 16, 2026

D Fundamentals grade

CSP Inc is a US-listed company in the IT consulting & other services industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$6.2

Cash-flow model

Base case. Range ~$5.2–$7.5 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 18% below it.

Price used: $7.55, November 2, 2026

CSP Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders4 buying, 0 selling50 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds22 adding, 33 cuttingOf 7 active managers that changed their stake, 4 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter CSP files

Where CSP stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $57m, down 0.7% on a year earlier, against growth of 5.5% a quarter earlier. Free-cash-flow margin held at -2.5%. Operating margin widened to -5.3% from -8.1%. The diluted share count is up 2.1% on a year earlier, which dilutes existing holders. It passes 2 of our 3 financial-health checks. Our cash-flow model value is $6.49 a share, against a share price of $7.50.

Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 16, 2026 (estimated)

CSP Inc's trailing-twelve-month revenue fell 0.7% year on year, with a free-cash-flow margin of -2.5%.

Our discounted-cash-flow model values the business at ~$6.2 per share in the base case (~$5.2–$7.5 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 10.7% while net income grew 56.2%: a 67pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Results due soon. Results are expected around 16 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 0.7% over the last 12 months.
  • Growth slowing. The growth rate is 6.1 points lower than a quarter earlier.
  • Loss-making. Operating margin is -5.3%: costs exceed revenue.
  • Burning cash. Free cash flow was -2.5% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 2.1% in a year.

Latest results: FY2026 Q3

Filed August 14, 2026
Revenue
$14m, down 6.8% on a year earlier
Share reaction
-5.5% in the first session after the results on August 14, 2026, against -0.7% for the S&P 500
Next report
August 14, 2026

CSP's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.5%
  • 1 week+2.6%
  • 1 month-0.3%
  • This year-39.0%
  • 1 year-42.7%
  • 5 years+82.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$56.9M
Operating margin
-5.3%
Net margin
-1.2%
EPS (TTM, diluted)
$-0.07

Growth

Revenue growth
−0.7%
Change in growth rate
−6.1 pts
Share count change
+2.1%

Cash

Free cash flow (TTM)
-$1.4M
FCF margin
-2.5%
Stock pay % of revenue
3.2%

Earnings

Last results
August 14, 2026
Next results (est.)
November 16, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

CSP Inc valuation models and calculator

What the price is pricing in

The share price implies about 7.6% a year of cash-flow growth for five years.That is close to the 3.0% a year revenue growth CSP has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in7.6%
  • Last 12 months-0.7%
  • 3 years a year-4.8%
  • 5 years a year3.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($7.71, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$6.2
Price used
$7.71close November 3, 2026
Implied change
▼ 20%
Uncertainty
Low

How we got here: a discounted-cash-flow model of CSP Inc's free cash flow after stock-based pay with after-tax interest added back ($2.5M, FY2026 Q3 TTM), growing 2% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$5.2–~$7.5 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of CSP Inc's free cash flow after stock-based pay ( $2.5M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value CSP Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.17 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$6.2 ~$5.2–$7.5 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$2.0 ~$1.3–$2.8 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$0.8 ~$0.7–$0.9 Left out: out of range vs price (0.11x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$4.8 ~$2.0–$6.2 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare CSP Inc with IT Consulting & Other Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $6$7$9$11$14$17
8.5% $5$6$7$9$11$13
10% $4$5$6$7$9$11

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$4.18$4.72$5.83$6.28$4.13$4.27$3.45$8.51$12.72$11.40$7.55
Market value$31m$36m$45m$49m$33m$36m$30m$76m$115m$106m$71m
+ Net debt (− = net cash)−$4m−$7m−$22m−$15m−$15m−$18m−$20m−$24m−$31m−$27m−$22m
Enterprise value$27m$29m$24m$34m$18m$18m$9m$52m$84m$80m$49m
Multiples
Price / sales 0.3x0.4x0.6x0.6x0.5x0.7x0.5x1.2x2.1x1.8x1.3x
Price / earnings 12.0x14.4x3.1x——51.6x15.6x14.6x———
Price / free cash flow 7.3x14.7x18.6x—n/m20.0x12.1x20.7x28.6x55.2x—
EV / EBITDA 6.2x7.6x————29.5x23.7x———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

17 /100

Weak moat

How hard CSP's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.9% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 30.1%, moving by 4.7 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -1.6%; its worst year was -8.1%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 4 of 10 years, at a median -0.7% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 21.1% over five years; stock-based pay has been a median 1.8% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (32 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for CSP Inc: too few analysts cover it.

Management guidance

Earnings release, August 14, 2026

No numeric guidance in CSP Inc's latest earnings release (filed August 14, 2026). Some companies give their outlook only on the earnings call.

Positioning

Short interest
1.1%
of tradable shares
Days to cover
9.21
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
26%
of shares
Held by insiders
29.7%
of shares
Employees
123
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −42.7%

$13.17 on October 31, 2025 to $7.55

ThenNowEffect
Revenue (last 12 months) $57m $57m −0.7%
P/S multiple 2.1x 1.3x −41.1%
Share count 9m 9m −2.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −24.4%

$9.99 on November 3, 2023 to $7.55

ThenNowEffect
Revenue (last 12 months) $66m $57m −13.8%
P/S multiple 1.3x 1.3x −6.1%
Share count 9m 9m −6.7%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CSPI+14%+8%+109%+66%−22%−39%
Industry peers (median)+9%−35%+4%+18%−23%−13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CSPI58%42%67%50%42%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CSPI−38%−27%−40%−60%−51%−41%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 73% from March 1, 2024 to August 18, 2026. Getting back needed a 276% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$7.26 – $14.77
From 52-week high
−48.9%
vs 50-day average
−1.3%
vs 200-day average
−12.6%
Volatility (1 year)
49%
Beta vs S&P 500
1.03

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±8.1%
After a week
5 up, 7 down
typical move ±12.4%
After a month
3 up, 9 down
typical move ±15.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 14, 2026 −5.5% −0.7% −9.6% −5.5%
May 7, 2026 −0.2% +0.5% +5.0% −9.4%
February 12, 2026 −1.8% −1.5% −9.3% −11.7%
December 16, 2025 −15.1% −1.4% −13.0% −22.3%
August 14, 2025 +5.9% −0.2% +3.1% −1.2%
May 14, 2025 −10.8% +0.6% −4.0% −27.2%
February 10, 2025 +2.3% +0.8% −4.6% −18.2%
December 20, 2024 −7.1% +1.8% +2.5% +3.0%
August 13, 2024 −17.0% +2.0% −10.1% −24.6%
May 8, 2024 +6.1% +0.6% +16.0% +13.9%
February 14, 2024 +11.4% +1.6% +57.0% +43.4%
December 12, 2023 −14.1% +1.8% −14.2% −7.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

CSP Inc in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) CSP Inc
$50M $55M $60M $65M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $64.6M Revenue (TTM), FY24 Q1: $61.7M Revenue (TTM), FY24 Q2: $62.1M Revenue (TTM), FY24 Q3: $57.5M Revenue (TTM), FY24 Q4: $55.2M Revenue (TTM), FY25 Q1: $55.5M Revenue (TTM), FY25 Q2: $55M Revenue (TTM), FY25 Q3: $57.3M Revenue (TTM), FY25 Q4: $58.7M Revenue (TTM), FY26 Q1: $55.1M Revenue (TTM), FY26 Q2: $58M Revenue (TTM), FY26 Q3: $56.9M $56.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $64.6M
FY24 Q1 $61.7M
FY24 Q2 $62.1M
FY24 Q3 $57.5M
FY24 Q4 $55.2M
FY25 Q1 $55.5M
FY25 Q2 $55M
FY25 Q3 $57.3M
FY25 Q4 $58.7M
FY26 Q1 $55.1M
FY26 Q2 $58M
FY26 Q3 $56.9M
Revenue growth, TTM YoY CSP Inc
-20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 18.9% Revenue growth, TTM YoY, FY24 Q1: 2.2% Revenue growth, TTM YoY, FY24 Q2: 0.8% Revenue growth, TTM YoY, FY24 Q3: -12.9% Revenue growth, TTM YoY, FY24 Q4: -14.6% Revenue growth, TTM YoY, FY25 Q1: -10.0% Revenue growth, TTM YoY, FY25 Q2: -11.5% Revenue growth, TTM YoY, FY25 Q3: -0.4% Revenue growth, TTM YoY, FY25 Q4: 6.4% Revenue growth, TTM YoY, FY26 Q1: -0.8% Revenue growth, TTM YoY, FY26 Q2: 5.5% Revenue growth, TTM YoY, FY26 Q3: -0.7% -0.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 18.9%
FY24 Q1 2.2%
FY24 Q2 0.8%
FY24 Q3 -12.9%
FY24 Q4 -14.6%
FY25 Q1 -10.0%
FY25 Q2 -11.5%
FY25 Q3 -0.4%
FY25 Q4 6.4%
FY26 Q1 -0.8%
FY26 Q2 5.5%
FY26 Q3 -0.7%
Operating margin (TTM) CSP Inc
-10% -5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 2.9% Operating margin (TTM), FY24 Q1: 0.3% Operating margin (TTM), FY24 Q2: 1.9% Operating margin (TTM), FY24 Q3: -0.2% Operating margin (TTM), FY24 Q4: -3.4% Operating margin (TTM), FY25 Q1: -3.4% Operating margin (TTM), FY25 Q2: -7.5% Operating margin (TTM), FY25 Q3: -8.1% Operating margin (TTM), FY25 Q4: -5.3% Operating margin (TTM), FY26 Q1: -5.2% Operating margin (TTM), FY26 Q2: -4.7% Operating margin (TTM), FY26 Q3: -5.3% -5.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 2.9%
FY24 Q1 0.3%
FY24 Q2 1.9%
FY24 Q3 -0.2%
FY24 Q4 -3.4%
FY25 Q1 -3.4%
FY25 Q2 -7.5%
FY25 Q3 -8.1%
FY25 Q4 -5.3%
FY26 Q1 -5.2%
FY26 Q2 -4.7%
FY26 Q3 -5.3%
FCF margin (TTM) CSP Inc
-10% 0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 5.7% FCF margin (TTM), FY24 Q1: 15.4% FCF margin (TTM), FY24 Q2: 18.6% FCF margin (TTM), FY24 Q3: 25.0% FCF margin (TTM), FY24 Q4: 7.3% FCF margin (TTM), FY25 Q1: 7.5% FCF margin (TTM), FY25 Q2: 8.1% FCF margin (TTM), FY25 Q3: -2.2% FCF margin (TTM), FY25 Q4: 3.3% FCF margin (TTM), FY26 Q1: -5.1% FCF margin (TTM), FY26 Q2: -9.0% FCF margin (TTM), FY26 Q3: -2.5% -2.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 5.7%
FY24 Q1 15.4%
FY24 Q2 18.6%
FY24 Q3 25.0%
FY24 Q4 7.3%
FY25 Q1 7.5%
FY25 Q2 8.1%
FY25 Q3 -2.2%
FY25 Q4 3.3%
FY26 Q1 -5.1%
FY26 Q2 -9.0%
FY26 Q3 -2.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 90 74 85 88 85 89 103 88 73 79 62 49 54 65 55 59 57
Gross profit 17 16 20 19 21 19 25 21 18 18 17 16 19 22 19 19 19
EBITDA 2 1 5 1 2 1 4 4 −1 −0 −1 −1 0 2 −2 −3 −3
Operating income 1 1 5 1 2 0 4 3 −2 −1 −1 −1 −0 2 −2 −3 −3
Net income 1 0 7 0 1 −0 3 3 14 −0 −1 1 2 5 −0 −0 −1
Diluted EPS $0.13 $0.10 $1.91 $0.10 $0.37 −$0.06 $0.67 $0.63 $3.55 −$0.09 −$0.36 $0.16 $0.42 $0.55 −$0.04 −$0.01 −$0.07
Growth (year on year)
Revenue — −18.3% +15.2% +3.3% −3.4% +5.5% +15.7% −14.4% −17.6% +8.4% −21.8% −20.4% +10.5% +18.9% −14.6% +6.4% −0.7%
EBITDA — — — −78.7% — −66.2% — −14.0% −129.1% — — — — — −171.4% — —
Operating income — — — −85.9% — — — −10.7% −147.2% — — — — — −200.1% — —
Net income — — — −94.4% — — — −3.8% +476.2% −102.6% — — — +175.5% −106.3% — —
Diluted EPS — — — −94.8% — — — −6.0% +463.5% −102.5% — — — +31.0% −107.3% — —
Margins
Gross margin 19.1% 22.2% 24.1% 21.2% 24.6% 21.5% 24.2% 24.2% 25.2% 22.8% 27.8% 32.8% 34.6% 33.9% 34.1% 31.5% 33.1%
EBITDA margin 1.7% 1.6% 6.3% 1.3% 2.6% 0.8% 4.2% 4.2% −1.5% −0.5% −1.6% −2.0% 0.6% 3.4% −2.9% −4.9% −5.0%
Operating margin 1.3% 1.1% 5.9% 0.8% 2.0% 0.3% 3.7% 3.8% −2.2% −1.0% −2.3% −2.8% −0.1% 2.9% −3.4% −5.3% −5.3%
Net margin 1.0% 0.5% 7.8% 0.4% 1.6% −0.2% 2.5% 2.8% 19.8% −0.5% −2.3% 1.4% 3.5% 8.0% −0.6% −0.2% −1.2%
Free-cash-flow margin −2.7% 1.6% 6.8% −0.7% 0.6% −3.4% 4.1% 2.8% 3.3% −5.3% 0.0% 3.7% 4.5% 5.7% 7.3% 3.3% −2.5%
Cash flow
Cash from operations −2 2 6 0 1 −2 5 3 3 −3 0 2 3 4 4 2 −1
Capital spending 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 0
Free cash flow −2 1 6 −1 1 −3 4 2 2 −4 0 2 2 4 4 2 −1
Stock-based pay 0 0 0 0 0 0 0 1 1 1 1 1 1 1 2 2 2
Free cash flow after stock pay −3 1 6 −1 0 −3 4 2 2 −5 −1 1 1 3 2 0 −3
Balance sheet
Cash 16 20 20 19 16 11 8 10 25 18 19 20 24 25 31 27 25
Total debt 0 0 0 0 2 3 3 3 3 3 4 2 4 2 — 1 2
Net debt (negative = net cash) −16 −20 −20 −19 −14 −8 −4 −7 −22 −15 −15 −18 −20 −24 −31 −27 −22
Diluted shares 7m 7m 7m 7m 7m 7m 7m 8m 8m 8m 8m 8m 9m 9m 9m 9m 9m
Returned to shareholders
Dividends — — 1 1 2 2 2 2 2 2 1 0 0 1 1 1 —
Buybacks 0 1 0 0 — — — — — — 0 0 0 0 0 1 —
Total returned 0 1 1 1 2 2 2 2 2 2 1 0 0 1 1 2 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $71m
Short-term assets $49mLonger-term assets $22m
What it owes, and who funded it · $71m
Short-term liabilities $20mLonger-term liabilities $6mShareholders' equity $44m
  • Short-term assets cover short-term liabilities $49m of assets due within a year against $20m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $49m short-term assets against $6m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$3m against $575,000 of interest.

From CSP Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$979,000
Diluted share count
+2.1%
year over year
R&D spending
6.0%
of revenue
Sales & admin spending
32.4%
of revenue
Days sales outstanding
73 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in it consulting & other services
Last 12 months unless stated CSPI ARBB AGMH MAAS NIXX CISO Median
Revenue, last 12 months $57m $58m $31m $26m $128m $25m $383m
Revenue growth, last 12 months −0.7% 28.5% −4.6% −75.8% 798.3% −14.1% 5.7%
Revenue growth, 3-year average −4.8% — — — 123.0% −19.9% 4.3%
Revenue growth, latest quarter −6.8% — — — 20.4% −13.7% 4.7%
Gross margin 33.1% −4.0% 10.3% 13.7% 57.3% 26.9% 28.0%
Operating margin −5.3% — −15.3% −12.9% −5.5% −31.0% 5.9%
Operating margin, 3-year average −4.5% — 14.7% −4.8% −310.1% −44.4% 7.5%
Net margin −1.2% −35.6% 1.8% −102.1% −6.3% −11.7% 2.2%
Cash from operations / revenue −1.9% −0.6% −13.3% −56.4% −2.3% −14.6% 6.7%
Free-cash-flow margin −2.5% 43.1% −13.3% −58.2% −2.3% −17.2% 5.0%
Free-cash-flow margin, 3-year average 6.8% — 11.0% −21.2% −36.8% −17.8% 6.7%
Stock pay / revenue 3.2% — — 0.6% 1.0% 8.7% 2.2%
Change in share count 2.1% 0.0% 261.2% >999% — 92.0% 0.9%

Median of all 40 companies we cover in it consulting & other services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 it consulting & other services companies
Measure Company Peer median Rank
Revenue growth Growth -0.7% 6.5% 28 of 40
Change in growth rate Growth -6.1pp -0.8pp 31 of 40
Gross margin Profitability 33.1% 28.2% 14 of 34
Operating margin Profitability -5.3% 5.9% 25 of 36
Net margin Profitability -1.2% 2.5% 27 of 40
Free-cash-flow margin Cash generation -2.5% 5.1% 27 of 38
Stock pay as % of revenue Cash generation 3.2% 2.3% 25 of 36
Change in share count Balance sheet 2.1% 0.9% 24 of 39
Days sales outstanding Balance sheet 73 days 71 days 17 of 30

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Segments
Line of business Revenue Share YoY
Technology Solutions $56.8M 96.7% ▲ 11.2%
High Performance Products $1.9M 3.3% ▼ 53.7%
Products and services
Line of business Revenue Share YoY
Products $37.7M 64.3% ▲ 2.6%
Services $21M 35.7% ▲ 13.9%
Geography
Region Revenue Share YoY
United States $52.6M 89.5% ▲ 7.8%
Americas Excluding United States $4.5M 7.7% ▲ 0.1%
Europe $1.4M 2.3% ▲ 21.1%
Apac and Africa $257,000 0.4% ▼ 67.3%

From CSP Inc's 10-K filed December 16, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$20.3M
Institutions reporting
43
Shares held vs prior quarter
▼ 13.3%
Positions opened / closed
11 / 15

Top buyers and sellers, Q2 2026: 22 institutions bought and 33 sold ; the biggest buyer was Savvy Advisors, Inc (+95K shares) and the biggest seller Blackrock, Inc (−305K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Visionary Wealth Advisors $6.4M 801K 31.4% ▲ 2.1%
Vanguard Capital Management LLC $2.8M 354K 13.9% ▼ 0.1%
Dimensional Fund Advisors LP $2.8M 352K 13.8% ▼ 2.3%
Renaissance Technologies LLC $2.1M 268K 10.5% ▼ 3.5%
Savvy Advisors, Inc. $754,181 95K 3.7% New
Geode Capital Management, LLC $647,172 81K 3.2% ▼ 53.7%
Millennium Management LLC $552,719 70K 2.7% New
Blackrock, Inc. $511,892 64K 2.5% ▼ 82.5%
Integrated Wealth Concepts LLC $374,381 47K 1.8% ▲ 100.1%
Vanguard Fiduciary Trust Co $369,210 47K 1.8% ▲ 0.2%
Bridgeway Capital Management, LLC $366,391 46K 1.8% 0.0%
Bank Of New York Mellon Corp $364,121 46K 1.8% ▼ 20.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not CSP Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $321,381 50 trades by 4 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $321,381 net buying
Insider Date Trade Shares Price Value
Nerges Joseph R 10% owner September 15, 2026 Buy 28 $7.90 $221
Nerges Joseph R 10% owner September 15, 2026 Buy 472 $7.96 $3,757
Nerges Joseph R 10% owner September 14, 2026 Buy 500 $7.90 $3,950
Nerges Joseph R 10% owner September 11, 2026 Buy 1,000 $7.85 $7,850
Nerges Joseph R 10% owner September 11, 2026 Buy 1,000 $7.90 $7,900
Nerges Joseph R 10% owner September 11, 2026 Buy 1,600 $7.75 $12,400
Nerges Joseph R 10% owner June 10, 2026 Buy 100 $8.32 $832
Nerges Joseph R 10% owner June 10, 2026 Buy 71 $8.30 $589
Nerges Joseph R 10% owner June 9, 2026 Buy 700 $8.69 $6,083
Nerges Joseph R 10% owner June 9, 2026 Buy 199 $8.05 $1,602
Nerges Joseph R 10% owner June 8, 2026 Buy 1,000 $8.75 $8,750
Nerges Joseph R 10% owner June 8, 2026 Buy 500 $8.60 $4,300

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 16, 2026 estimated from the company's past filing pattern, not announced

  • August 14, 2026
  • May 7, 2026
  • February 12, 2026
  • December 16, 2025
  • August 14, 2025
  • May 14, 2025

Recent SEC filings

Data status

When each part of this page on CSP Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

CSP Inc in brief

What does CSP Inc do?
CSP Inc is a US-listed company in the IT consulting & other services industry. Its financial year ends in September.
What is CSP Inc's stock ticker?
CSP Inc trades under the ticker CSPI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is CSP Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, CSP Inc reported revenue of $56.9M, 0.7% lower than a year earlier, according to its SEC filings.
What is CSP Inc's free cash flow?
CSP Inc's free-cash-flow margin is -2.5% of revenue over the trailing twelve months, ranking 27 of the 38 it consulting & other services companies we cover.
What is CSP Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of CSP Inc's free cash flow after stock-based pay gives ~$6.2 per share in the base case, and ~$5.2–$7.5 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are CSP Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Visionary Wealth Advisors, Vanguard Capital Management LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is CSP Inc's market cap?
On November 2, 2026, CSP Inc's market capitalisation was about $71.4M and net debt of -$22.2M. Market figures come from third-party market data and may be delayed.
Who are CSP Inc's competitors?
In our IT Consulting & Other Services peer group, the companies closest to CSP Inc are ARB IOT Group Ltd, AGM Group Holdings, Inc., Maase Inc., Nixxy, Inc. and Ciso Global, Inc. The side-by-side comparison below sets their revenue, margins and growth against CSP Inc's.
Are insiders buying or selling CSP Inc stock?
Over the last 12 months, CSP Inc's directors and officers reported 50 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is CSP Inc's next earnings date?
Around November 16, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — CSP Inc announces its own schedule.