Demonstrações financeiras detalhadas de GSI Technology, Inc. (GSIT): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
GSI Technology, Inc. registou receitas de $25.1M no último exercício, com um CAGR de 5 anos de -2.0%.
Margens dos últimos 12 meses: margem bruta 53.3%, margem operacional -82.2%, margem líquida -62.9%.
Ao preço atual de $4.80, GSIT apresenta lucros negativos (P/L não significativo) e um ROE de -21.39%. A capitalização de mercado é de $184M.
Demonstração de Resultados (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $48.2M | $42.6M | $51.5M | $43.3M | $27.7M | $33.4M | $29.7M | $21.8M | $20.5M | $25.1M |
| Custo da Receita | $21.8M | $20.2M | $19.9M | $18.0M | $14.5M | $14.8M | $12.0M | $9.9M | $10.4M | $11.4M |
| Lucro Bruto | $26.4M | $22.4M | $31.6M | $25.3M | $13.2M | $18.5M | $17.7M | $11.8M | $10.1M | $13.7M |
| P&D | $15.8M | $17.0M | $21.4M | $25.2M | $23.3M | $24.7M | $23.6M | $21.7M | $16.0M | $19.9M |
| Despesas Gerais e Administrativas | $11.1M | $9.9M | $10.5M | $10.9M | $11.1M | $10.2M | $9.9M | $10.6M | $10.8M | $11.2M |
| Despesas Operacionais | $26.9M | $26.9M | $31.8M | $36.1M | $34.5M | $34.9M | $33.5M | $32.3M | $21.0M | $31.2M |
| Lucro Operacional | -$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 |
| Despesas com Juros | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Lucro Antes de Impostos | -$49000 | -$4.1M | $268000 | -$10.1M | -$21.2M | -$16.4M | -$15.6M | -$20.0M | -$10.5M | -$13.4M |
| Imposto | $66000 | $453000 | $105000 | $247000 | $335000 | -$45000 | $372000 | $70000 | $130000 | -$132000 |
| Lucro Líquido | -$115000 | -$4.5M | $163000 | -$10.3M | -$21.5M | -$16.4M | -$16.0M | -$20.1M | -$10.6M | -$13.2M |
| LPA | $-0.01 | $-0.21 | $0.01 | $-0.45 | $-0.91 | $-0.67 | $-0.65 | $-0.80 | $-0.42 | $-0.42 |
| LPA Diluído | $-0.01 | $-0.21 | $0.01 | $-0.45 | $-0.91 | $-0.67 | $-0.65 | $-0.80 | $-0.42 | $-0.42 |
| Ações em Circulação (Diluídas) | $20.7M | $21.1M | $23.3M | $23.0M | $23.7M | $24.3M | $24.6M | $25.1M | $25.5M | $31.8M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $6.4M | $6.1M | $6.3M | $6.3M |
| Lucro Bruto | $3.5M | $3.2M | $3.3M | $3.4M |
| Lucro Operacional | -$3.2M | -$6.9M | -$5.2M | -$5.4M |
| EBITDA | -$3.0M | -$3.1M | -$5.0M | -$4.7M |
| Lucro Líquido | -$3.2M | -$3.0M | -$4.8M | -$4.8M |
| LPA | $-0.11 | $-0.09 | $-0.13 | $-0.13 |
| LPA Diluído | $-0.11 | $-0.09 | $-0.13 | $-0.13 |
Balanço (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $33.7M | $40.2M | $42.5M | $51.5M | $37.0M | $37.0M | $27.2M | $14.4M | $13.4M | $67.2M |
| Investimentos de Curto Prazo | $16.2M | $18.1M | $19.3M | $15.1M | $7.0M | $7.0M | $3.4M | 0 | 0 | 0 |
| Contas a Receber | $6.6M | $5.3M | $7.3M | $6.5M | $4.7M | $4.7M | $3.6M | $3.3M | $3.9M | $4.3M |
| Estoque | $9.2M | $5.5M | $5.7M | $4.3M | $4.7M | $4.7M | $6.4M | $5.0M | $3.9M | $4.1M |
| Ativos Circulantes | $68.3M | $71.3M | $77.4M | $79.1M | $54.7M | $54.7M | $41.9M | $30.1M | $23.5M | $79.2M |
| Imobilizado | $7.7M | $8.2M | $9.0M | $8.1M | $8.2M | $8.2M | $8.1M | $2.7M | $10.4M | $9.1M |
| Ágio | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M |
| Ativos Intangíveis | $3.3M | $3.0M | $2.7M | $2.5M | $2.0M | $2.0M | $1.8M | $1.6M | $1.3M | $1.1M |
| Ativos Totais | $102.6M | $99.5M | $106.2M | $102.6M | $76.4M | $76.4M | $60.0M | $42.5M | $43.3M | $98.0M |
| Contas a Pagar | $1.6M | $1.8M | $1.9M | $1.2M | $1.5M | $1.5M | $1.6M | $668000 | $991000 | $3.6M |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Circulantes | $10.5M | $7.4M | $8.7M | $8.3M | $8.9M | $8.9M | $7.2M | $5.4M | $7.1M | $9.2M |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $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 |
| Patrimônio Líquido | $86.4M | $86.8M | $93.2M | $89.6M | $64.5M | $64.5M | $51.4M | $36.0M | $28.2M | $81.8M |
| Dívida Total | 0 | 0 | 0 | $640000 | $898000 | $898000 | $651000 | $1.5M | $9.6M | $8.5M |
| Dívida Líquida | -$49.9M | -$58.4M | -$61.8M | -$65.9M | -$43.1M | -$43.1M | -$29.9M | -$12.9M | -$3.8M | -$58.7M |
| Capital de Giro | $57.8M | $63.9M | $68.6M | $70.9M | $45.8M | $45.8M | $34.7M | $24.7M | $16.4M | $70.0M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $25.3M | $70.7M | $67.2M | $77.0M |
| Ativos Totais | $52.0M | $98.5M | $98.0M | $108.5M |
| Passivos Totais | $13.4M | $14.8M | $16.2M | $16.6M |
| Patrimônio Líquido | $38.6M | $83.6M | $81.8M | $91.9M |
| Dívida Total | $9.1M | $8.8M | $8.5M | $8.2M |
Fluxo de Caixa (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | -$115000 | -$4.5M | $163000 | -$10.3M | -$21.5M | -$16.4M | -$16.0M | -$20.1M | -$10.6M | -$13.2M |
| Depreciação e Amortização | $1.5M | $1.3M | $1.5M | $2.0M | $1.2M | $1.0M | $1.0M | $927000 | $665000 | $628000 |
| Compensação em Ações | $1.9M | $2.1M | $2.3M | 0 | $2.9M | $3.0M | $2.5M | $2.8M | $2.3M | $2.8M |
| Variação Capital de Giro | -$1.9M | $662000 | -$2.1M | $719000 | $998000 | -$773000 | -$3.5M | -$874000 | -$715000 | -$1.6M |
| Fluxo de Caixa Operacional | $2.1M | $1.1M | $3.0M | -$4.7M | -$15.3M | -$13.8M | -$16.8M | -$17.4M | -$13.0M | -$15.9M |
| CapEx | -$219000 | -$1.3M | -$2.1M | -$331000 | -$203000 | -$774000 | -$316000 | -$645000 | -$45000 | -$486000 |
| Aquisições | $7.3M | 0 | 0 | 0 | -$3.5M | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | -$7.1M | 0 | -$103000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $1.8M | -$255000 | $916000 | -$5.0M | -$15.5M | -$14.6M | -$17.2M | -$18.0M | -$13.0M | -$16.4M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | -$887000 | -$7.9M | -$5.5M | -$3.9M |
| CapEx | -$19000 | -$296000 | -$150000 | -$358000 |
| Fluxo de Caixa Livre | -$906000 | -$8.2M | -$5.6M | -$4.2M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $856000 | $783000 | $823000 | $887000 |
Crescimento e Margens (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | -11.5% | +20.7% | -15.8% | -36.0% | +20.4% | -11.1% | -26.7% | -5.7% | +22.4% |
| Crescimento Lucro Líquido (anual) | | -3826.1% | +103.6% | -6441.7% | -108.0% | +23.9% | +2.4% | -25.7% | +47.0% | -24.5% |
| Crescimento LPA (anual) | | -3650.0% | +103.3% | -6528.6% | -102.2% | +26.4% | +3.0% | -23.1% | +47.5% | +0.0% |
| Variação de Ações (anual) | | +2.1% | +10.7% | -1.6% | +3.1% | +2.7% | +1.2% | +2.2% | +1.6% | +24.6% |
| Crescimento FCF (anual) | | -113.9% | +459.2% | -647.2% | -208.4% | +5.5% | -17.5% | -4.9% | +27.6% | -26.0% |
| Margem Bruta | 54.8% | 52.6% | 61.4% | 58.5% | 47.7% | 55.5% | 59.6% | 54.3% | 49.4% | 54.5% |
| Margem Operacional | -1.1% | -10.5% | -0.4% | -24.9% | -76.7% | -49.0% | -53.2% | -93.9% | -52.8% | -69.6% |
| Margem EBITDA | 2.1% | -7.5% | 2.5% | -21.6% | -72.3% | -45.0% | -56.2% | -89.6% | -77.8% | -67.1% |
| Margem Líquida | -0.2% | -10.6% | 0.3% | -23.8% | -77.6% | -49.0% | -53.8% | -92.3% | -51.9% | -52.7% |
| Margem FCF | 3.8% | -0.6% | 1.8% | -11.6% | -55.7% | -43.7% | -57.8% | -82.7% | -63.5% | -65.3% |
| Taxa Efetiva de Imposto | -134.7% | -11.2% | 39.2% | -2.4% | -1.6% | 0.3% | -2.4% | -0.3% | -1.2% | 1.0% |
Dados por Ação (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $0.09 | $-0.01 | $0.04 | $-0.22 | $-0.65 | $-0.60 | $-0.70 | $-0.72 | $-0.51 | $-0.52 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $20.7M | $21.1M | $23.3M | $23.0M | $23.7M | $24.3M | $24.6M | $25.1M | $25.5M | $31.8M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -21.39% |
| Retorno sobre capital investido | -20.33% |
| Retorno sobre ativos | -14.58% |
| Margem bruta | 53.33% |
| Margem operacional | -82.25% |
| Margem líquida | -62.90% |
Saúde financeira
| Dívida / Patrimônio | 0.09 |
| Liquidez corrente | 9.16 |
Índices Chave (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | -1553.57 | -35.29 | 1120.00 | -15.47 | -7.35 | -5.72 | -2.65 | -4.27 | -4.83 | -12.24 |
| P/VP | 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 |
| Margem Bruta | 54.8% | 52.6% | 61.4% | 58.5% | 47.7% | 55.5% | 59.6% | 54.3% | 49.4% | 54.5% |
| Margem Operacional | -1.1% | -10.5% | -0.4% | -24.9% | -76.7% | -49.0% | -53.2% | -93.9% | -52.8% | -69.6% |
| Margem Líquida | -0.2% | -10.6% | 0.3% | -23.8% | -77.6% | -49.0% | -53.8% | -92.3% | -51.9% | -52.7% |