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Primary reporting period: 2025-09-30 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
CSP Inc. is a global technology company specializing in the development and distribution of a diverse array of information technology offerings. These include integrated IT solutions, advanced security products, comprehensive managed IT services, specialized network adapters, and high-performance cluster computing systems, serving both commercial enterprises and defense sectors worldwide. The company's operations are divided into two primary business units: Technology Solutions and High Performance Products.
How they make money
CSP Inc. operates through two segments, Technology Solutions and High Performance Products, generating revenue by providing IT integration, managed services, cloud solutions, and specialized cybersecurity and signal processing hardware. The company earns income through product sales, professional services, and recurring maintenance and support contracts for commercial and defense clients.
Products & services
The company offers ARIA Software-Defined Security, ARIA Zero Trust PROTECT, Myricom SmartNIC adapters, multicomputer systems for digital signal processing, and comprehensive managed IT, cloud, and unified communication services.
Brands & revenue mix
ARIA
Cybersecurity software-defined security and zero trust solutions.
Separate brand revenue is not available in this research.Source
Myricom
High-performance network adapters and packet capture products.
Separate brand revenue is not available in this research.Source
Modcomp
Subsidiary focused on IT integration and managed services.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
For the fiscal year ended September 30, 2025, the company reported that no single customer accounted for 10% or more of its total revenue.
Suppliers, materials & equipment
Electronic components and hardware manufacturers — The company relies on various third-party suppliers for electronic components and hardware used in its High Performance Products segment.Source
Competitors
Palo Alto Networks — Competes in the cybersecurity space.Source
VMware — Competes in the cybersecurity space.Source
Arctic Wolf — Competes as a security services provider.Source
Strengths
Diversified portfolio across IT services and specialized hardwareSource
Risks
Dependence on third-party suppliers for componentsSource
Intense competition in the cybersecurity and IT services marketsSource
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 176.3% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
23
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
28
Poor
Financial Strength
37
Business Quality / Moat
16
Management
40
Growth Quality
22
Risk / Durability
20
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
31
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
32/100
Building Historical Record
Model Score 32/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Insider activity signal is favorable
•Recent buyback activity is present
What to watch
•Debt service risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Asset quality is a weaker factor
Company-specific research
Questions worth answering for CSPI
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving CSPI's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•Is CSPI's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•How is CSPI likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What specifically needs to improve for CSPI to reach sustainable profitability?
•What future growth or profitability would be needed to justify CSPI's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CSPI
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~-8.7x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on CSPI.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Diversified portfolio across IT services and specialized hardware.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Information Technology Services industry.
−Dependence on third-party suppliers for components.
−Intense competition in the cybersecurity and IT services markets.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Very Weak23/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Fair
50
Debt Cost13.8%
Debt Reduction YoY44.8%
Debt / Equity0.06x
Tap for breakdown →
Revenue
Poor
7
Revenue YoY-3.1%
Revenue CAGR-4.7%
Net Margin-1.2%
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Asset
Weak
48
Asset Growth YoY2.5%
Liquidation/Share$4.76
Net Assets/MCap0.87x
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Capital
Poor
2
Earnings Yield-0.9%
Buyback Yield0.4%
Debt Cost13.8%
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Management
Weak
40
ROIC-13.4%
ROE-1.5%
ROA-1.0%
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Moat
Poor
16
EPS Growth—
FCF/Share Growth11.6%
Rev/Share Growth-8.0%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Poor
30
Revenue7
Moat16
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Weak
40
Interest Coverage-8.7x
ROIC-13.4%
FCF Yield2.5%
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Master
Poor
25
Financial40
Valuation0
Debt50
Tap for breakdown →
Resilience
Weak
40
Survival Years1.3 yrs
Current Ratio2.36x
FCF Margin3.2%
Tap for breakdown →
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Score Changes
6 historical score records available
Previous Score
23
Sep 17, 2026
Change
Unchanged
Current Score
23
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets+0.1
Capital0
Management0
Moat+0.4
Valuation0
Buffett+0.1
CSPI score was unchanged.
Projected Score
Projected Score
20
Projected Change
-3.0 points
Preliminary comparable-period financial changes suggest decline of approximately 3.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$7.55
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$56.9M
$58.7M
$55.2M
$64.6M
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Cost of Revenue
$38.1M
$40.2M
$36.4M
$42.7M
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····
····
····
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Gross Profit
$18.8M
$18.5M
$18.9M
$21.9M
····
····
····
····
····
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Research & Development
$3.4M
$3.3M
$3.0M
$3.1M
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····
····
····
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SG&A Expenses
$18.5M
$18.4M
$17.8M
$16.9M
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····
····
····
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Operating Expenses
$21.9M
$21.6M
$20.7M
$20.1M
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EBITDA
-$736K
-$602K
$610K
$5.9M
····
····
····
····
····
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Operating Income
-$3.0M
-$3.1M
-$1.9M
$1.9M
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····
····
····
····
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Interest Expense
$575K
$357K
$235K
$262K
····
····
····
····
····
····
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Income Before Tax
-$1.4M
-$1.7M
-$419K
$4.7M
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····
····
····
····
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····
Income Tax Expense
-$675K
-$1.6M
-$93K
-$469K
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····
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Net Income
-$682K
-$91K
-$326K
$5.2M
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Basic EPS
$-0.07
$-0.01
$-0.04
$0.56
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Basic Shares
9.56M
9.30M
9.04M
8.76M
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····
····
····
····
····
····
Diluted Shares
9.56M
9.30M
9.04M
8.94M
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····
····
····
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Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q3FY2026
Revenue
$14.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.09
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+176.3%
Cash Change
-6.2%
Margin Change
-4.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
Margins contracted
Cash position declined
Debt increased
Potential Score Impact
Positive indicators included EPS growth. Pressure indicators included revenue growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 6.8%. EPS increased 213.8%. Cash declined 6.2%. Total debt increased 176.3%. Net income margin declined by 4.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.