Estados financieros detallados de GSI Technology, Inc. (GSIT): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
GSI Technology, Inc. registró ingresos de $25.1M en el último ejercicio fiscal, con un CAGR de 5 años del -2.0%.
Márgenes de los últimos 12 meses: margen bruto 53.3%, margen operativo -82.2%, margen neto -62.9%.
Al precio actual de $4.80, GSIT presenta beneficios negativos (P/E no significativo) y un ROE del -21.39%. La capitalización bursátil es de $184M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $48.2M | $42.6M | $51.5M | $43.3M | $27.7M | $33.4M | $29.7M | $21.8M | $20.5M | $25.1M |
| Coste de Ventas | $21.8M | $20.2M | $19.9M | $18.0M | $14.5M | $14.8M | $12.0M | $9.9M | $10.4M | $11.4M |
| Beneficio Bruto | $26.4M | $22.4M | $31.6M | $25.3M | $13.2M | $18.5M | $17.7M | $11.8M | $10.1M | $13.7M |
| I+D | $15.8M | $17.0M | $21.4M | $25.2M | $23.3M | $24.7M | $23.6M | $21.7M | $16.0M | $19.9M |
| Generales y Administrativos | $11.1M | $9.9M | $10.5M | $10.9M | $11.1M | $10.2M | $9.9M | $10.6M | $10.8M | $11.2M |
| Gastos Operativos | $26.9M | $26.9M | $31.8M | $36.1M | $34.5M | $34.9M | $33.5M | $32.3M | $21.0M | $31.2M |
| Beneficio Operativo | -$527000 | -$4.5M | -$182000 | -$10.8M | -$21.3M | -$16.4M | -$15.8M | -$20.4M | -$10.8M | -$17.5M |
| EBITDA | $1.0M | -$3.2M | $1.3M | -$9.4M | -$20.1M | -$15.0M | -$16.7M | -$19.5M | -$16.0M | -$16.8M |
| Gastos por Intereses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$49000 | -$4.1M | $268000 | -$10.1M | -$21.2M | -$16.4M | -$15.6M | -$20.0M | -$10.5M | -$13.4M |
| Impuestos | $66000 | $453000 | $105000 | $247000 | $335000 | -$45000 | $372000 | $70000 | $130000 | -$132000 |
| Beneficio Neto | -$115000 | -$4.5M | $163000 | -$10.3M | -$21.5M | -$16.4M | -$16.0M | -$20.1M | -$10.6M | -$13.2M |
| BPA | $-0.01 | $-0.21 | $0.01 | $-0.45 | $-0.91 | $-0.67 | $-0.65 | $-0.80 | $-0.42 | $-0.42 |
| BPA Diluido | $-0.01 | $-0.21 | $0.01 | $-0.45 | $-0.91 | $-0.67 | $-0.65 | $-0.80 | $-0.42 | $-0.42 |
| Acciones en Circulación (Diluidas) | $20.7M | $21.1M | $23.3M | $23.0M | $23.7M | $24.3M | $24.6M | $25.1M | $25.5M | $31.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $6.4M | $6.1M | $6.3M | $6.3M |
| Beneficio Bruto | $3.5M | $3.2M | $3.3M | $3.4M |
| Beneficio Operativo | -$3.2M | -$6.9M | -$5.2M | -$5.4M |
| EBITDA | -$3.0M | -$3.1M | -$5.0M | -$4.7M |
| Beneficio Neto | -$3.2M | -$3.0M | -$4.8M | -$4.8M |
| BPA | $-0.11 | $-0.09 | $-0.13 | $-0.13 |
| BPA Diluido | $-0.11 | $-0.09 | $-0.13 | $-0.13 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $33.7M | $40.2M | $42.5M | $51.5M | $37.0M | $37.0M | $27.2M | $14.4M | $13.4M | $67.2M |
| Inversiones a Corto | $16.2M | $18.1M | $19.3M | $15.1M | $7.0M | $7.0M | $3.4M | 0 | 0 | 0 |
| Cuentas por Cobrar | $6.6M | $5.3M | $7.3M | $6.5M | $4.7M | $4.7M | $3.6M | $3.3M | $3.9M | $4.3M |
| Inventario | $9.2M | $5.5M | $5.7M | $4.3M | $4.7M | $4.7M | $6.4M | $5.0M | $3.9M | $4.1M |
| Activos Corrientes | $68.3M | $71.3M | $77.4M | $79.1M | $54.7M | $54.7M | $41.9M | $30.1M | $23.5M | $79.2M |
| Inmovilizado Material | $7.7M | $8.2M | $9.0M | $8.1M | $8.2M | $8.2M | $8.1M | $2.7M | $10.4M | $9.1M |
| Fondo de Comercio | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M |
| Activos Intangibles | $3.3M | $3.0M | $2.7M | $2.5M | $2.0M | $2.0M | $1.8M | $1.6M | $1.3M | $1.1M |
| Activos Totales | $102.6M | $99.5M | $106.2M | $102.6M | $76.4M | $76.4M | $60.0M | $42.5M | $43.3M | $98.0M |
| Cuentas por Pagar | $1.6M | $1.8M | $1.9M | $1.2M | $1.5M | $1.5M | $1.6M | $668000 | $991000 | $3.6M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $10.5M | $7.4M | $8.7M | $8.3M | $8.9M | $8.9M | $7.2M | $5.4M | $7.1M | $9.2M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $16.2M | $12.7M | $13.1M | $12.9M | $12.0M | $12.0M | $8.5M | $6.5M | $15.1M | $16.2M |
| Reservas | $64.7M | $59.5M | $59.7M | $49.4M | $11.5M | $11.5M | -$4.5M | -$24.6M | -$35.2M | -$48.5M |
| Patrimonio Neto | $86.4M | $86.8M | $93.2M | $89.6M | $64.5M | $64.5M | $51.4M | $36.0M | $28.2M | $81.8M |
| Deuda Total | 0 | 0 | 0 | $640000 | $898000 | $898000 | $651000 | $1.5M | $9.6M | $8.5M |
| Deuda Neta | -$49.9M | -$58.4M | -$61.8M | -$65.9M | -$43.1M | -$43.1M | -$29.9M | -$12.9M | -$3.8M | -$58.7M |
| Capital Circulante | $57.8M | $63.9M | $68.6M | $70.9M | $45.8M | $45.8M | $34.7M | $24.7M | $16.4M | $70.0M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $25.3M | $70.7M | $67.2M | $77.0M |
| Activos Totales | $52.0M | $98.5M | $98.0M | $108.5M |
| Pasivos Totales | $13.4M | $14.8M | $16.2M | $16.6M |
| Patrimonio Neto | $38.6M | $83.6M | $81.8M | $91.9M |
| Deuda Total | $9.1M | $8.8M | $8.5M | $8.2M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$115000 | -$4.5M | $163000 | -$10.3M | -$21.5M | -$16.4M | -$16.0M | -$20.1M | -$10.6M | -$13.2M |
| Amortizaciones | $1.5M | $1.3M | $1.5M | $2.0M | $1.2M | $1.0M | $1.0M | $927000 | $665000 | $628000 |
| Compensación en Acciones | $1.9M | $2.1M | $2.3M | 0 | $2.9M | $3.0M | $2.5M | $2.8M | $2.3M | $2.8M |
| Cambio en Capital Circulante | -$1.9M | $662000 | -$2.1M | $719000 | $998000 | -$773000 | -$3.5M | -$874000 | -$715000 | -$1.6M |
| Flujo de Caja Operativo | $2.1M | $1.1M | $3.0M | -$4.7M | -$15.3M | -$13.8M | -$16.8M | -$17.4M | -$13.0M | -$15.9M |
| Inversiones (CapEx) | -$219000 | -$1.3M | -$2.1M | -$331000 | -$203000 | -$774000 | -$316000 | -$645000 | -$45000 | -$486000 |
| Adquisiciones | $7.3M | 0 | 0 | 0 | -$3.5M | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$7.1M | 0 | -$103000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $1.8M | -$255000 | $916000 | -$5.0M | -$15.5M | -$14.6M | -$17.2M | -$18.0M | -$13.0M | -$16.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$887000 | -$7.9M | -$5.5M | -$3.9M |
| Inversiones (CapEx) | -$19000 | -$296000 | -$150000 | -$358000 |
| Flujo de Caja Libre | -$906000 | -$8.2M | -$5.6M | -$4.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $856000 | $783000 | $823000 | $887000 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | -11.5% | +20.7% | -15.8% | -36.0% | +20.4% | -11.1% | -26.7% | -5.7% | +22.4% |
| Crecimiento Beneficio Neto (anual) | | -3826.1% | +103.6% | -6441.7% | -108.0% | +23.9% | +2.4% | -25.7% | +47.0% | -24.5% |
| Crecimiento BPA (anual) | | -3650.0% | +103.3% | -6528.6% | -102.2% | +26.4% | +3.0% | -23.1% | +47.5% | +0.0% |
| Cambio en Acciones (anual) | | +2.1% | +10.7% | -1.6% | +3.1% | +2.7% | +1.2% | +2.2% | +1.6% | +24.6% |
| Crecimiento FCF (anual) | | -113.9% | +459.2% | -647.2% | -208.4% | +5.5% | -17.5% | -4.9% | +27.6% | -26.0% |
| Margen Bruto | 54.8% | 52.6% | 61.4% | 58.5% | 47.7% | 55.5% | 59.6% | 54.3% | 49.4% | 54.5% |
| Margen Operativo | -1.1% | -10.5% | -0.4% | -24.9% | -76.7% | -49.0% | -53.2% | -93.9% | -52.8% | -69.6% |
| Margen EBITDA | 2.1% | -7.5% | 2.5% | -21.6% | -72.3% | -45.0% | -56.2% | -89.6% | -77.8% | -67.1% |
| Margen Neto | -0.2% | -10.6% | 0.3% | -23.8% | -77.6% | -49.0% | -53.8% | -92.3% | -51.9% | -52.7% |
| Margen FCF | 3.8% | -0.6% | 1.8% | -11.6% | -55.7% | -43.7% | -57.8% | -82.7% | -63.5% | -65.3% |
| Tasa Impositiva Efectiva | -134.7% | -11.2% | 39.2% | -2.4% | -1.6% | 0.3% | -2.4% | -0.3% | -1.2% | 1.0% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $0.09 | $-0.01 | $0.04 | $-0.22 | $-0.65 | $-0.60 | $-0.70 | $-0.72 | $-0.51 | $-0.52 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $20.7M | $21.1M | $23.3M | $23.0M | $23.7M | $24.3M | $24.6M | $25.1M | $25.5M | $31.8M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -21.39% |
| Rentabilidad sobre capital invertido | -20.33% |
| Rentabilidad sobre activos | -14.58% |
| Margen bruto | 53.33% |
| Margen operativo | -82.25% |
| Margen neto | -62.90% |
Salud financiera
| Deuda / Patrimonio | 0.09 |
| Ratio corriente | 9.16 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -1553.57 | -35.29 | 1120.00 | -15.47 | -7.35 | -5.72 | -2.65 | -4.27 | -4.83 | -12.24 |
| P/VC | 2.08 | 1.80 | 1.97 | 1.78 | 2.46 | 1.44 | 0.82 | 2.39 | 1.84 | 2.00 |
| P/V | 3.73 | 3.66 | 3.56 | 3.69 | 5.71 | 2.79 | 1.42 | 3.95 | 2.53 | 6.51 |
| Margen Bruto | 54.8% | 52.6% | 61.4% | 58.5% | 47.7% | 55.5% | 59.6% | 54.3% | 49.4% | 54.5% |
| Margen Operativo | -1.1% | -10.5% | -0.4% | -24.9% | -76.7% | -49.0% | -53.2% | -93.9% | -52.8% | -69.6% |
| Margen Neto | -0.2% | -10.6% | 0.3% | -23.8% | -77.6% | -49.0% | -53.8% | -92.3% | -51.9% | -52.7% |