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GSI Technology, Inc.

GSIT · Technology · $206M mkt cap · FY2026 filings · No moat ·

Doesn't clear the bar

No moat
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The five investor questions

20

2022–2026 (latest 5 aligned FYs; v3 window cap 5): revenue $33.4M to $25.1M, decreasing; diluted EPS -0.67 to -0.42, increasing.

86

Median gross margin 54.7% over 10y, very stable.

0

Median ROIC -49.3%, above the 12% hurdle in 0% of years.

55

Net cash position — no leverage risk.

24

Owner earnings changed trend unclear over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
Not reported
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$5.63
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.

Score records captured Jul 26, 2026.

Exactly which 50 companies?

FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY

Missing a usable price or zero-growth estimate: ANF, BKNG.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

18 years of fundamentals

The business, in plain English

GSI Technology, Inc. booked $25.1M of revenue in FY2026 in the Technology sector and kept 54.5% of it as gross profit — a solid-margin business by that measure. After every other cost, −52.7% of each revenue dollar reached the bottom line.

Across the filed record, revenue shrank from $67.6M (FY2010) to $25.1M (FY2026) — about −6.0% a year compounded over 16 years.

It earned −94.9% on invested capital in the latest filed year, FY2026. Across the full 17-year measurable filed record, median ROIC was −7.6%. Over the v3 recent window (10 measurable filed years), median ROIC was −49.3%. The Returns on Capital filter above scores it 0/100.

GSIT's latest filed year, FY2026, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Pricing Power is the strongest of the five filters (86/100) and Returns on Capital the weakest (0/100), which is how GSIT lands at 37/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2009–FY2026 · 18 fiscal years, normalized from GSIT’s SEC filings

Sales, as filed$25.1M FY2026
$0$50M$100M2009201520212026
Revenue kept after cost of goods54.5% FY2026
0%25%50%2009201520212026
Standard ROIC or separately labeled Operating ROICROIC −94.9% FY2026
−100%−50%0%2009201520212026
Cash an owner could take out−$13.1M FY2026
−$20M$0$20M2009201520212026

Gaps in a line mean that item isn’t in GSIT’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How GSI Technology, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$25.1M · 100%Cost of revenue$11.4M · 45%Gross profit$13.7M · 55%Operating income−$17.5M · −70%Income before tax−$13.4M · −53%Income tax−$132000 · −1%Net income−$13.2M · −53%As of 2026-03-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$25.1M100%
Cost of revenue$11.4M45%
$13.7M55%
−$17.5M−70%
Income before tax−$13.4M−53%
Income tax−$132000−1%
−$13.2M−53%
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

What GSI Technology, Inc. owns — and owes

GSI Technology, Inc.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$98M100%
Cash and equivalents$67.2M69%
Stockholders’ equity$81.8M83%
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives GSI Technology, Inc.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−24%Tax burden99%net income ÷ pretax incomeInterest burden77%pretax ÷ operating incomeOperating margin−70%operating income ÷ revenueAsset turnover0.36×revenue ÷ average assetsEquity multiplier1.28×average assets ÷ average equityAs of 2026-03-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$13.2MFY2026
Income before tax−$13.4MFY2026
Operating income−$17.5MFY2026
$25.1MFY2026
Ending assets$98MFY2026
Beginning assets$43.3MFY2025
$81.8MFY2026
$28.2MFY2025
Source:
  • SEC filingFiling detailsAccession 0001104659-26-070962
· event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where GSI Technology, Inc.'s cash went

GSI Technology, Inc.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations−$15.9M−100%
Depreciation and amortization$6280004%
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding GSI Technology, Inc.

Delayed public 13F reports for 2026-Q1—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 unavailable

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalUnavailableComparison unavailableFiling unavailable
Akre CapitalUnavailableComparison unavailableFiling unavailable
Baupost GroupUnavailableComparison unavailableFiling unavailable
Berkshire HathawayUnavailableComparison unavailableFiling unavailable
Brave Warrior AdvisorsUnavailableComparison unavailableFiling unavailable
Dodge & CoxUnavailableComparison unavailableFiling unavailable
First EagleUnavailableComparison unavailableFiling unavailable
FundsmithUnavailableComparison unavailableFiling unavailable
Gardner Russo & QuinnUnavailableComparison unavailableFiling unavailable
Gates Foundation TrustUnavailableComparison unavailableFiling unavailable
Mairs & PowerUnavailableComparison unavailableFiling unavailable
Markel / Markel-GaynerUnavailableComparison unavailableFiling unavailable
Oakmark / Harris AssociatesUnavailableComparison unavailableFiling unavailable
Pershing SquareUnavailableComparison unavailableFiling unavailable
Polen CapitalUnavailableComparison unavailableFiling unavailable
Sequoia / Ruane CunniffUnavailableComparison unavailableFiling unavailable
Southeastern Asset ManagementUnavailableComparison unavailableFiling unavailable
Tweedy, BrowneUnavailableComparison unavailableFiling unavailable
Yacktman Asset ManagementUnavailableComparison unavailableFiling unavailable

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source unavailable · event Mar 31, 2026 · retrieved Jul 26, 2026

Flagship explainer

What GSI Technology, Inc. insiders reported

Insider activity is unavailable from the source; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

15 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale37.1 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for GSIT.

Technology context

#496 of 744 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #494THRY THRYV HOLDINGS, INC.37.3No moat
  2. #495GXAI GAXOS.AI INC.37.3No moat
  3. #497FIS Fidelity National Information Services, Inc.37.1No moat
  4. #498IZEA IZEA WORLDWIDE, INC.37.1No moat

Compare GSIT with its nearest peers →All Technology companies on the Index →

Common questions about GSIT

Does GSI Technology, Inc. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores GSI Technology, Inc. (GSIT) 37.1 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 20, pricing power 86, returns on capital 0, balance-sheet safety 55, capital allocation 24.
How has GSIT's Moat Score changed over time?
The record logs 15 readings since Jul 17, 2026; the latest reads 37.1 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell GSIT. See the disclaimer.