CSP (CSPI)


Market Price (11/6/2026): $7.15 | Market Cap: $72.1 MilSector: Information Technology | Industry: IT Consulting & Other Services

CSP (CSPI)


Market Price (11/6/2026): $7.15
Market Cap: $72.1 Mil
Sector: Information Technology
Industry: IT Consulting & Other Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -31%

Low stock price volatility
Vol 12M is 49%

Megatrend and thematic drivers
Megatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Hybrid Cloud Solutions, Show more.

Weak multi-year price returns
2Y Excs Rtn is -76%, 3Y Excs Rtn is -113%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.3%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.6%, Rev Chg QQuarterly Revenue Change % is -6.8%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.5%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.7%

Key risks
CSPI key risks include [1] declining revenue and reliance on a low-margin business model, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -31%
1 Low stock price volatility
Vol 12M is 49%
2 Megatrend and thematic drivers
Megatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Hybrid Cloud Solutions, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -76%, 3Y Excs Rtn is -113%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.3%
5 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.6%, Rev Chg QQuarterly Revenue Change % is -6.8%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.5%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.7%
8 Key risks
CSPI key risks include [1] declining revenue and reliance on a low-margin business model, Show more.

CSPI in ETFs

Weight = CSPI's share of each fund

VTI0.00%
DFAS0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/3/2026

CSP (CSPI) stock has lost about 10% since 7/31/2026 because of the following key factors:

1. Disappointing Fiscal Q3 2026 Financial Results.

CSPI (whose fiscal year ends on September 30th) reported its fiscal Q3 2026 results (for the quarter ended June 30, 2026) on August 14, 2026. The company announced a 6% year-over-year revenue decrease, with Q3 FY2026 revenue of $14.4 million compared to $15.4 million in Q3 FY2025. Additionally, CSPI's net loss widened to $0.846 million, or -$0.09 per share, from a net loss of $0.264 million, or -$0.03 per share, in the prior year's fiscal third quarter. Following this announcement, the stock slipped 4.19% to $8.01 on August 14, 2026.

2. Vendor Delays Impacting Future Revenue Recognition.

A significant factor contributing to the negative sentiment was the company's revelation that "vendor delays" were pushing its Tech Solutions backlog into fiscal Q4 2027. These longer hardware delivery times delayed the conversion of orders into revenue, indicating a deferral of expected income far into the future. This issue also contributed to a decline in service revenue for Q3 2026, which fell to $4.5 million from $5.3 million in the comparable prior-year period.

Show more
Updated on 11/3/2026

CSP (CSPI) stock has lost about 10% since 7/31/2026 because of the following key factors:

1. Disappointing Fiscal Q3 2026 Financial Results.

CSPI (whose fiscal year ends on September 30th) reported its fiscal Q3 2026 results (for the quarter ended June 30, 2026) on August 14, 2026. The company announced a 6% year-over-year revenue decrease, with Q3 FY2026 revenue of $14.4 million compared to $15.4 million in Q3 FY2025. Additionally, CSPI's net loss widened to $0.846 million, or -$0.09 per share, from a net loss of $0.264 million, or -$0.03 per share, in the prior year's fiscal third quarter. Following this announcement, the stock slipped 4.19% to $8.01 on August 14, 2026.

2. Vendor Delays Impacting Future Revenue Recognition.

A significant factor contributing to the negative sentiment was the company's revelation that "vendor delays" were pushing its Tech Solutions backlog into fiscal Q4 2027. These longer hardware delivery times delayed the conversion of orders into revenue, indicating a deferral of expected income far into the future. This issue also contributed to a decline in service revenue for Q3 2026, which fell to $4.5 million from $5.3 million in the comparable prior-year period.

3. Broader Tech Sector Weakness in October 2026.

The period between late July and early November 2026 saw significant volatility and a downturn in the broader technology sector, particularly in October. A sell-off in tech stocks, fueled by disappointing earnings reports from major tech companies and increasing scrutiny over the profitability of AI investments, led to a substantial decline in market value for the tech-heavy Nasdaq exchange. While August saw a rebound in tech stocks, by October 30, 2026, the Nasdaq composite had fallen over 3%, erasing hundreds of billions in value and contributing to a projected $2 trillion wipeout from the Nasdaq 100 for the month. As a technology solutions provider, CSPI was likely impacted by this prevailing negative macroeconomic sentiment within its industry.

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Stock Movement Drivers

Fundamental Drivers

The -9.0% change in CSPI stock from 7/31/2026 to 11/5/2026 was primarily driven by a -7.3% change in the company's P/S Multiple.
(LTM values as of)731202611052026Change
Stock Price ($)7.887.17-9.0%
Change Contribution By: 
Total Revenues ($ Mil)5857-1.8%
P/S Multiple1.31.2-7.3%
Shares Outstanding (Mil)1010-0.1%
Cumulative Contribution-9.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
CSPI-9.0% 
Market (SPY)-1.9%26.4%
Sector (XLK)-7.4%14.8%

Fundamental Drivers

The -22.3% change in CSPI stock from 4/30/2026 to 11/5/2026 was primarily driven by a -23.8% change in the company's P/S Multiple.
(LTM values as of)430202611052026Change
Stock Price ($)9.237.17-22.3%
Change Contribution By: 
Total Revenues ($ Mil)55573.3%
P/S Multiple1.61.2-23.8%
Shares Outstanding (Mil)910-1.2%
Cumulative Contribution-22.3%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
CSPI-22.3% 
Market (SPY)2.3%28.1%
Sector (XLK)1.9%14.0%

Fundamental Drivers

The -45.6% change in CSPI stock from 10/31/2025 to 11/5/2026 was primarily driven by a -44.0% change in the company's P/S Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)13.177.17-45.6%
Change Contribution By: 
Total Revenues ($ Mil)5757-0.7%
P/S Multiple2.21.2-44.0%
Shares Outstanding (Mil)910-2.1%
Cumulative Contribution-45.6%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
CSPI-45.6% 
Market (SPY)8.4%28.2%
Sector (XLK)8.4%20.1%

Fundamental Drivers

The -29.3% change in CSPI stock from 10/31/2023 to 11/5/2026 was primarily driven by a -13.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202311052026Change
Stock Price ($)10.147.17-29.3%
Change Contribution By: 
Total Revenues ($ Mil)6657-13.8%
P/S Multiple1.41.2-11.2%
Shares Outstanding (Mil)910-7.7%
Cumulative Contribution-29.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
CSPI-29.3% 
Market (SPY)81.3%27.1%
Sector (XLK)101.5%24.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CSPI Return14%8%109%66%-22%-42%94%
Peers Return64%-18%63%8%-12%45%199%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
CSPI Win Rate58%42%67%50%42%36% 
Peers Win Rate75%45%65%47%47%58% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
CSPI Max Drawdown-38%-27%-40%-60%-51%-42% 
Peers Max Drawdown-18%-31%-25%-30%-37%-29% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PLUS, NSIT, CDW, FTNT, PANW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventCSPIS&P 500
2024 Yen Carry Trade Unwind
  % Loss-13.2%-7.8%
  % Gain to Breakeven15.2%8.5%
  Time to Breakeven99 days18 days
2023 SVB Regional Banking Crisis
  % Loss-15.5%-6.7%
  % Gain to Breakeven18.3%7.1%
  Time to Breakeven14 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-23.8%-24.5%
  % Gain to Breakeven31.3%32.4%
  Time to Breakeven17 days427 days
2020 COVID-19 Crash
  % Loss-64.0%-33.7%
  % Gain to Breakeven177.8%50.9%
  Time to Breakeven1112 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-31.0%-19.2%
  % Gain to Breakeven44.9%23.8%
  Time to Breakeven123 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-18.0%-3.7%
  % Gain to Breakeven21.9%3.9%
  Time to Breakeven14 days6 days

Compare to PLUS, NSIT, CDW, FTNT, PANW

In The Past

CSP's stock fell -13.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 15.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCSPIS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-23.8%-24.5%
  % Gain to Breakeven31.3%32.4%
  Time to Breakeven17 days427 days
2020 COVID-19 Crash
  % Loss-64.0%-33.7%
  % Gain to Breakeven177.8%50.9%
  Time to Breakeven1112 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-31.0%-19.2%
  % Gain to Breakeven44.9%23.8%
  Time to Breakeven123 days105 days
2014-2016 Oil Price Collapse
  % Loss-28.3%-6.8%
  % Gain to Breakeven39.6%7.3%
  Time to Breakeven224 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-24.4%-17.9%
  % Gain to Breakeven32.3%21.8%
  Time to Breakeven140 days123 days
2008-2009 Global Financial Crisis
  % Loss-62.0%-53.4%
  % Gain to Breakeven163.0%114.4%
  Time to Breakeven1375 days1085 days
Summer 2007 Credit Crunch
  % Loss-20.9%-8.6%
  % Gain to Breakeven26.5%9.5%
  Time to Breakeven2065 days47 days

Compare to PLUS, NSIT, CDW, FTNT, PANW

In The Past

CSP's stock fell -13.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 15.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About CSP (CSPI)

CSP Inc. (CSPI) is a technology company specializing in IT integration solutions, security products, and high-performance computing for a global client base. The company operates through two main segments: Technology Solutions and High Performance Products, catering to both commercial enterprises and defense sectors.

The Technology Solutions segment serves as a value-added reseller of third-party computer hardware and software. It provides extensive IT consulting services, including system planning, design, implementation, and optimization. This segment also offers crucial enterprise security solutions, comprehensive managed IT services—such as proactive monitoring, maintenance, and technical support—and various cloud services, targeting commercial customers in diverse industries like healthcare, finance, manufacturing, and education.

The High Performance Products segment focuses on specialized technology offerings. Key products include ARIA Software-Defined Security, a cybersecurity solution, and Myricom network adapters. Additionally, this segment develops sophisticated multicomputer products specifically designed for digital signal processing applications, primarily serving the defense market.

AI Analysis | Feedback

CSP Inc. is like CDW for enterprise IT solutions and managed services, but also develops its own specialized high-performance cybersecurity and networking products.

CSP Inc. is like Insight Enterprises for IT consulting and managed services, combined with a developer of specialized high-performance security and networking hardware.

AI Analysis | Feedback

  • IT Integration Solutions: Value-added reselling of third-party computer hardware and software.
  • IT Consulting Services: Professional services covering planning, design, assessment, implementation, migration, optimization, and project management.
  • Storage & Virtualization Solutions: Solutions for data storage, virtualization, and related infrastructure.
  • Enterprise Security Solutions: Services including intrusion prevention, network access control, unified threat management, and IT security compliance.
  • Network & Communication Solutions: Solutions for unified communications, wireless networking, and routing/switching infrastructure.
  • Custom Software Development: Services for developing and supporting tailored software applications and solutions.
  • Managed IT & Cloud Services: Proactive monitoring, remote management, hosted unified communication, security, and backup/replication services.
  • ARIA Software-Defined Security: A proprietary cybersecurity software solution.
  • Myricom Network Adapters: Specialized hardware products designed for high-performance networking.
  • Multicomputer Products: Hardware systems for digital signal processing applications, primarily for defense customers.

AI Analysis | Feedback

Based on the provided information, CSP Inc. (CSPI) primarily sells its IT integration solutions, security products, managed IT services, purpose-built network adapters, and cluster computer systems to other companies and organizations, rather than to individuals.

The company's customer base spans various industries and markets globally. While the provided text does not list specific names of its major customer companies or their symbols, it identifies the following categories of organizations and sectors that it serves:

  • Commercial Customers: Organizations within industries such as Web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing.
  • Defense Customers: Entities within the defense markets, particularly for its high-performance computing and cybersecurity solutions.

AI Analysis | Feedback

  • Dell Technologies (DELL)
  • Microsoft (MSFT)
  • Hewlett Packard Enterprise (HPE)
  • Cisco Systems (CSCO)
  • VMware (VMW)

AI Analysis | Feedback

Victor Dellovo, President and Chief Executive Officer

Victor Dellovo has served as President and Chief Executive Officer of CSPi since 2012, and is also Co-Chairman of the Board and Acting General Manager of CSPi Technology Solutions North America division. He co-founded TechniSource Hardware, Inc. in 1997, a company later acquired by Modcomp, a subsidiary of CSPi. Before his current role, he was President of Modcomp's worldwide operations from 2010 to 2012 and President of its U.S. operations from 2005 to 2010. Mr. Dellovo is an IT industry veteran with over 23 years of experience.

Gary Levine, Vice President, Finance, Chief Financial Officer, Treasurer and Secretary

Gary Levine joined CSP Inc. in May 1983 as Corporate Controller and was subsequently promoted to Vice President of Finance and Chief Financial Officer. He also serves as Treasurer and Secretary of the Corporation. Prior to joining CSP Inc., Mr. Levine was Controller and Chief Financial Officer of CPU Computer Corporation, a publicly held computer retailer and distributor, where he was instrumental in the company's IPO. He also held the position of Executive Vice President at The Image Maker Inc. Mr. Levine is a licensed certified public accountant.

Gary Southwell, Vice President and General Manager, High Performance Products Segment

Gary Southwell is the General Manager of CSPi's Cybersecurity Products group and Vice President and General Manager of the High Performance Products segment. He possesses over 25 years of experience in the security industry. Before joining CSPi, he co-founded Seceon Networks, a cybersecurity startup company. His prior roles also include Vice President of Product Development at Audinate and Chief Technology Officer for a leading provider of cloud and metro network infrastructure solutions.

Michael Newbanks, Vice President, Finance and Chief Accounting Officer

As Vice President of Finance and Chief Accounting Officer, Michael Newbanks oversees CSPi's day-to-day financial operations, including leading the controllership organization with a focus on fiscal reporting, controls, and accounting. Before his appointment to this role, he served as the controller for the U.S. division of Technology Solutions.

AI Analysis | Feedback

The key risks to CSP Inc.'s business are primarily centered around intense competition and rapid technological changes, challenges in achieving sustained revenue growth and profitability, and exposure to macroeconomic and geopolitical uncertainties.

1. Intense Competition and Rapid Technological Change

CSP Inc. operates in a highly competitive and fast-evolving technology landscape. Its IT integration and value-added reseller (VAR) business faces significant pricing pressure from larger national providers and original equipment manufacturers (OEMs). Similarly, the cybersecurity segment, particularly with its ARIA Software-Defined Security, competes against well-funded global players who may offer more attractive pricing or have greater resources for innovation. The rapid pace of technological advancements constantly introduces new opportunities but also intensifies risks, requiring continuous adaptation and investment in research and development, where CSP Inc. may have limited resources compared to larger competitors.

2. Challenges with Revenue Growth and Sustained Profitability

The company has faced challenges in achieving consistent revenue growth and maintaining profitability. Recent reports indicate declining revenue, particularly in the High Performance Products (HPP) segment where legacy Myricom products are reaching end-of-life cycles, and low margins in the Technology Solutions (TS) segment, which relies heavily on reselling third-party IT infrastructure and managed services. CSP Inc. has reported operating and net losses in recent fiscal periods, and despite strategic shifts towards higher-margin services and expanding its ARIA product line, maintaining profitability remains a significant hurdle due to increased operational costs and a business model that is heavily reliant on lower-margin activities.

3. Macroeconomic and Geopolitical Uncertainties

CSP Inc. is susceptible to broader macroeconomic and geopolitical uncertainties. Ongoing global conflicts, such as those in Russia and Ukraine, and Israel and Hamas, pose risks of supply chain disruptions and potential cyberattacks that could impact the company's operations. Additionally, shifting trade policies, new U.S. tech tariffs, currency fluctuations, and general supply-chain volatility introduce complexity and can adversely affect financial results. These external factors are difficult to predict and manage, adding a layer of instability to the company's business environment.

AI Analysis | Feedback

The increasing adoption and comprehensive offerings of hyperscale public cloud providers (e.g., AWS, Microsoft Azure, Google Cloud), which disintermediate CSP's traditional role as a value-added reseller and integrator of on-premise hardware and software, and directly compete with many of CSP's managed IT, security, and consulting services by offering cloud-native alternatives.

AI Analysis | Feedback

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Addressable Market Sizes for CSP Inc. (CSPI) Main Products and Services

  • IT Integration Solutions & Managed IT Services: The global managed services market was estimated at approximately USD 401.15 billion in 2025.
  • Security Products (Overall Cybersecurity): The global cybersecurity market was valued at USD 301.91 billion in 2025.
  • ARIA Software-Defined Security: The global software-defined security market was valued at approximately USD 12.9 billion in 2025.
  • Storage Solutions: The global data storage market was valued at approximately USD 255.29 billion in 2025.
  • Virtualization Solutions: The global virtualization software market was valued at approximately USD 83.25 billion in 2025.
  • Unified Communications Solutions: The global unified communications market was valued at approximately USD 164.9 billion in 2024.
  • Wireless, Routing, and Switching Solutions (Enterprise Networking): The global enterprise networking market was estimated at approximately USD 213.70 billion in 2024.
  • Myricom Network Adapters: The global network adapter market was valued at approximately USD 8.5 billion in 2023.
  • Multicomputer products for digital signal processing applications in the defense markets: null
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AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for CSP Inc. (CSPI)

  • Growth in Service Revenue and Managed Services: CSP Inc. is strategically focused on expanding its service revenue and growing its monthly recurring revenue (MRR) base. The Technology Solutions (TS) segment, which encompasses professional IT consulting, managed IT services, and cloud solutions, is a primary driver of this growth. In fiscal Q1 2026, service revenue increased by 14.6%, fueled by momentum in the Technology Solutions and Managed Services practice. The company expects continued positive developments and an upward swing in client activity within its managed services, particularly Unified Communications as a Service (UCaaS), which has become a profitable business. Demand for cloud-based services, especially for outsourcing critical needs, remains strong.
  • Expansion and Adoption of AZT PROTECT Cybersecurity Solution: The AZT PROTECT cybersecurity solution is a key area for future revenue growth. CSP Inc. is actively pursuing opportunities for AZT PROTECT in the Operational Technology (OT) markets, recognizing the critical need for advanced cybersecurity in this sector. Recent periods have seen new customer acquisitions and multi-site expansions with existing clients for AZT PROTECT. The company has also reported a significant increase in the total opportunity pipeline for AZT PROTECT and is gaining traction with large resellers, including working with the three largest Rockwell resellers. Management is actively investing in the growth strategy of AZT PROTECT.
  • Customer Acquisition and Retention in Key Verticals: The company's Technology Solutions business continues to drive success through increasing customer utilization of its implementation, installation, and training capabilities. High customer retention rates, coupled with new managed services engagements, are contributing to service revenue growth. CSP Inc. has secured and is executing contracts with major cruise lines and in the ocean freighter market, indicating ongoing demand. Additionally, the company has landed significant contracts, such as a multi-million dollar opportunity with a global pharmaceutical company for AZT PROTECT and a contract to deliver Microsoft Azure Protect for a Florida-based healthcare provider.
  • Strategic Partnerships: Forming and leveraging strategic partnerships is a driver for future growth. CSP Inc.'s platinum partnership with Microsoft Azure and its integration with Acronis are expected to capitalize on the increasing demand for cloud migration and advanced cybersecurity solutions. These partnerships position CSP Inc. to enhance its offerings and market reach.

AI Analysis | Feedback

Share Repurchases
  • CSP Inc. repurchased 19,500 shares of its common stock for $234,000 during the fourth quarter of fiscal year 2025.
  • The company repurchased 23,800 shares for a total cost of $384,000 during the fiscal second quarter of 2025.
  • As of the fiscal third quarter of 2025, approximately 0.3 million shares remained available under a share repurchase authorization approved by the Board of Directors in 2021.
Share Issuance
  • The number of shares outstanding for CSP Inc. increased by 1.59% in the last year.
  • A two-for-one stock split in the form of a 100% stock dividend was announced on February 21, 2024, with new shares distributed on March 20, 2024.
  • Upon completion of the stock split, the company expected to have approximately 9,753,900 shares outstanding.
Outbound Investments
  • As of March 5, 2026, CSPi had not made any investments or acquisitions.
  • No reports of mergers or acquisitions were mentioned for the first quarter of fiscal year 2026.
Capital Expenditures
  • CSP Inc.'s capital expenditures for the latest twelve months ending December 31, 2025, were $406,000.
  • From fiscal years ending September 2021 to 2025, the company's capital expenditures averaged $220,400.
  • Capital expenditures are focused on supporting innovation in product offerings, particularly in the cybersecurity sector, and continued investments in managed services.

Better Bets vs. CSP (CSPI)

Peer Outperformance in IT Consulting & Other Services

CSPI has outperformed 76% of its 29 IT Consulting & Other Services peers over 5Y. IT Consulting & Other Services ranks 10th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of IT Consulting & Other Services constituents that CSPI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
35%
of 37 industry peers · -39.4% return
3Y
32%
of 31 industry peers · -29.4% return
5Y
76%
of 29 industry peers · 71.9% return
No IT Consulting & Other Services peer with a comparable growth profile has beaten CSPI by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. IT Consulting & Other Services is CSPI's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 10 -4.5%87.9%147.0% FLEX 399% · TTMI 335% · JBL 268%
Technology Distributors 9 41.5%40.5%44.9% AVT 115% · SNX 101% · CNXN 68%
Semiconductor Materials & Equipment 28 19.0%38.5%18.3% AXTI 298% · KLAC 227% · LRCX 219%
Communications Equipment 36 -6.2%75.3%17.2% AAOI 700% · LITE 446% · ANET 380%
Electronic Components 24 3.9%54.9%16.5% CLS 1768% · BELFA 923% · APH 268%
Electronic Equipment & Instruments 27 -7.8%26.6%4.8% PI 107% · OSIS 100% · CXT 61%
Semiconductors 55 -6.9%28.4%-15.7% MU 822% · NVDA 513% · AVGO 470%
Technology Hardware, Storage & Peripherals 21 -9.8%50.3%-27.4% WDC 540% · DELL 520% · SMCI 481%
Internet Services & Infrastructure 6 -1.5%35.3%-29.3% GDDY 65% · VRSN 37% · AKAM -27%
IT Consulting & Other Services ← 30 -22.2%-1.8%-32.0% APLD 222% · IBM 142% · GIB -9%
Application Software 125 -11.5%-10.1%-49.9% PLTR 496% · AGYS 140% · FROG 91%
Systems Software 70 -11.3%19.3%-56.2% ZETA 220% · CRWD 218% · CVLT 132%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CSPIPLUSNSITCDWFTNTPANWMedian
NameCSP ePlus Insight .CDW Fortinet Palo Alt. 
Mkt Price7.1584.24152.72158.39125.41328.49139.06
Mkt Cap0.12.24.619.892.1-4.6
Rev LTM572,4548,58024,5187,881-7,881
Op Inc LTM-31694331,7252,599-433
FCF LTM-1553979343,431-397
FCF 3Y Avg41724261,0952,375-426
CFO LTM-1594231,0523,687-423
CFO 3Y Avg41774631,2122,702-463

Growth & Margins

CSPIPLUSNSITCDWFTNTPANWMedian
NameCSP ePlus Insight .CDW Fortinet Palo Alt. 
Rev Chg LTM-0.7%16.5%2.7%10.9%20.2%-10.9%
Rev Chg 3Y Avg-4.6%4.3%-3.9%4.2%15.1%-4.2%
Rev Chg Q-6.8%1.0%14.7%17.7%20.5%-14.7%
QoQ Delta Rev Chg LTM-1.8%0.3%3.7%4.3%4.7%-3.7%
Op Inc Chg LTM34.0%51.8%27.3%5.6%27.8%-27.8%
Op Inc Chg 3Y Avg-1,129.7%3.3%5.7%0.7%28.9%-3.3%
Op Mgn LTM-5.3%6.9%5.1%7.0%33.0%-6.9%
Op Mgn 3Y Avg-4.5%5.9%4.8%7.5%30.8%-5.9%
QoQ Delta Op Mgn LTM-0.6%-0.2%0.4%-0.1%0.5%--0.1%
CFO/Rev LTM-1.9%2.4%4.9%4.3%46.8%-4.3%
CFO/Rev 3Y Avg7.2%8.2%5.3%5.5%39.6%-7.2%
FCF/Rev LTM-2.5%2.2%4.6%3.8%43.5%-3.8%
FCF/Rev 3Y Avg6.7%8.0%4.8%4.9%34.5%-6.7%

Valuation

CSPIPLUSNSITCDWFTNTPANWMedian
NameCSP ePlus Insight .CDW Fortinet Palo Alt. 
Mkt Cap0.12.24.619.892.1-4.6
P/S1.20.90.50.811.7-0.9
P/Op Inc-22.512.910.611.535.4-11.5
P/EBIT-87.412.411.711.532.9-11.7
P/E-100.217.421.818.040.3-18.0
P/CFO-64.236.910.818.825.0-18.8
Total Yield-0.1%7.1%4.6%7.2%2.5%-4.6%
Dividend Yield0.9%1.3%0.0%1.6%0.0%-0.9%
FCF Yield 3Y Avg3.0%8.7%8.6%5.0%2.9%-5.0%
D/E0.10.10.40.40.0-0.1
Net D/E-0.3-0.20.30.3-0.0--0.0

Returns

CSPIPLUSNSITCDWFTNTPANWMedian
NameCSP ePlus Insight .CDW Fortinet Palo Alt. 
1M Rtn-8.6%-10.5%-4.2%16.7%-34.4%-21.8%-9.6%
3M Rtn-13.1%-6.5%2.4%12.1%-21.7%-8.6%-7.5%
6M Rtn-22.7%-2.3%117.0%45.3%16.2%67.1%30.7%
12M Rtn-39.6%15.1%60.8%10.5%45.8%54.1%30.5%
3Y Rtn-29.6%32.9%3.3%-21.5%150.3%177.2%18.1%
1M Excs Rtn-3.1%-7.7%-3.2%17.2%-32.3%-17.5%-5.5%
3M Excs Rtn-11.0%-4.8%3.2%18.1%-20.5%-8.8%-6.8%
6M Excs Rtn-27.5%-7.2%112.2%40.5%11.2%62.1%25.9%
12M Excs Rtn-53.7%2.5%47.2%0.5%33.3%39.0%17.9%
3Y Excs Rtn-112.6%-48.2%-76.8%-100.7%34.1%83.3%-62.5%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Technology Solutions Segment5751585145
High Performance Products Segment24745
Total5955655449


Operating Income by Segment
$ Mil20252024202320222021
Technology Solutions Segment43553
High Performance Products Segment-7-5-3-5-5
Total-3-22-0-1


Assets by Segment
$ Mil20252024202320222021
Technology Solutions Segment5960556654
High Performance Products Segment12101099
Total7169667563


Price Behavior

Price Behavior
Market Price$7.17 
Market Cap ($ Bil)0.1 
First Trading Date03/27/1990 
Distance from 52W High-51.5% 
   50 Days200 Days
DMA Price$7.64$8.58
DMA Trenddowndown
Distance from DMA-6.1%-16.4%
 3M1YR
Volatility38.3%48.9%
Downside Capture64.29124.15
Upside Capture16.8350.07
Correlation (S&P 500)10.8%25.5%
CSPI Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta-0.72-0.040.550.841.041.31
Up Beta2.540.740.440.661.021.19
Down Beta-2.42-1.13-0.581.151.501.11
Up Capture-9%11%80%49%41%209%
Bmk +ve Days12182862130427
Stock +ve Days9192858111369
Down Capture-26%29%98%110%119%111%
Bmk -ve Days10253664121325
Stock -ve Days13233564134373

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CSPI
CSPI-40.2%48.9%-0.89-
Sector ETF (XLK)11.0%28.3%0.3519.5%
Equity (SPY)9.5%13.6%0.4127.8%
Gold (GLD)3.6%28.7%0.112.7%
Commodities (DBC)37.7%21.2%1.40-7.3%
Real Estate (VNQ)12.0%14.2%0.5513.3%
Bitcoin (BTCUSD)-20.8%43.3%-0.4214.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CSPI
CSPI12.1%66.7%0.44-
Sector ETF (XLK)15.9%26.4%0.5521.0%
Equity (SPY)11.3%17.3%0.4823.3%
Gold (GLD)17.5%19.1%0.745.0%
Commodities (DBC)8.0%19.6%0.295.6%
Real Estate (VNQ)1.2%18.9%-0.0515.0%
Bitcoin (BTCUSD)5.9%51.5%0.298.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CSPI
CSPI5.3%59.5%0.33-
Sector ETF (XLK)22.4%25.3%0.8117.3%
Equity (SPY)14.9%18.0%0.7019.9%
Gold (GLD)12.0%16.5%0.595.2%
Commodities (DBC)7.6%18.1%0.339.3%
Real Estate (VNQ)5.7%20.7%0.2315.9%
Bitcoin (BTCUSD)61.3%66.2%1.014.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 9302026-4.5%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest9.6 days
Basic Shares Quantity9.6 Mil
Short % of Basic Shares0.8%

Earnings Returns History

Updated 9/17/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/14/2026-1.9%-6.1%-1.9%
5/7/20261.4%1.0%-2.8%
2/12/2026-8.4%-3.9%-10.8%
12/16/2025-15.4%-12.7%-19.7%
8/14/20255.9%0.2%-1.9%
5/14/20254.3%-4.7%-25.4%
2/10/20250.6%-1.6%-21.0%
12/20/2024-9.6%-5.5%2.7%
...
SUMMARY STATS   
# Positive10109
# Negative131314
Median Positive4.2%10.3%15.9%
Median Negative-8.4%-8.4%-11.3%
Max Positive8.5%17.4%50.7%
Max Negative-20.9%-24.2%-28.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/14/2026-1.9%-6.1%-1.9%
5/7/20261.4%1.0%-2.8%
2/12/2026-8.4%-3.9%-10.8%
12/16/2025-15.4%-12.7%-19.7%
8/14/20255.9%0.2%-1.9%
5/14/20254.3%-4.7%-25.4%
2/10/20250.6%-1.6%-21.0%
12/20/2024-9.6%-5.5%2.7%
8/13/2024-17.6%-6.1%-26.7%
5/8/20248.5%10.6%15.9%
2/14/2024-2.1%17.3%39.2%
12/12/2023-20.9%-15.4%-11.9%
8/9/20237.7%11.6%50.7%
5/10/2023-8.6%-15.5%1.1%
2/8/2023-3.5%5.1%1.5%
12/6/20227.4%9.9%15.7%
8/10/20224.1%2.3%-2.4%
5/11/20222.9%12.2%41.7%
2/9/2022-8.2%-8.4%-12.3%
12/8/2021-2.0%-10.0%-2.5%
8/11/2021-4.8%-10.6%-9.2%
5/11/20210.1%17.4%23.1%
2/11/2021-9.9%-24.2%-28.3%
SUMMARY STATS   
# Positive10109
# Negative131314
Median Positive4.2%10.3%15.9%
Median Negative-8.4%-8.4%-11.3%
Max Positive8.5%17.4%50.7%
Max Negative-20.9%-24.2%-28.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/07/202610-Q
12/31/202502/12/202610-Q
09/30/202512/16/202510-K
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202402/10/202510-Q
09/30/202412/20/202410-K
06/30/202408/19/202410-Q
03/31/202405/09/202410-Q
12/31/202302/14/202410-Q
09/30/202312/13/202310-K
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202202/09/202310-Q
09/30/202212/08/202210-K
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/07/202610-Q
12/31/202502/12/202610-Q
09/30/202512/16/202510-K
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202402/10/202510-Q
09/30/202412/20/202410-K
06/30/202408/19/202410-Q
03/31/202405/09/202410-Q
12/31/202302/14/202410-Q
09/30/202312/13/202310-K
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202202/09/202310-Q
09/30/202212/08/202210-K
06/30/202208/10/202210-Q
03/31/202205/11/202210-Q
12/31/202102/09/202210-Q
09/30/202112/08/202110-K
06/30/202108/12/202110-Q
03/31/202105/13/202110-Q
12/31/202002/11/202110-Q
09/30/202012/28/202010-K
06/30/202008/11/202010-Q
03/31/202005/14/202010-Q
12/31/201902/12/202010-Q
09/30/201912/10/201910-K

Insider Activity

Updated 9/15/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Nerges, Joseph R DirectBuy91520267.965003,97811,326,277Form
2Nerges, Joseph R DirectBuy91520267.905003,95011,241,700Form
3Nerges, Joseph R DirectBuy91520267.823,60028,15011,123,160Form
4Nerges, Joseph RDirectBuy61020268.311711,42111,790,520Form
5Nerges, Joseph RDirectBuy61020268.558997,68512,127,452Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Nerges, Joseph R DirectBuy91520267.965003,97811,326,277Form
2Nerges, Joseph R DirectBuy91520267.905003,95011,241,700Form
3Nerges, Joseph R DirectBuy91520267.823,60028,15011,123,160Form
4Nerges, Joseph RDirectBuy61020268.311711,42111,790,520Form
5Nerges, Joseph RDirectBuy61020268.558997,68512,127,452Form
6Nerges, Joseph RDirectBuy61020268.602,30019,77212,188,406Form
7Folger, Anthony DirectBuy51820269.362,50023,395116,975Form
8Nerges, Joseph RDirectBuy51320269.239008,30613,063,769Form
9Webber, Stephen J DirectBuy51320269.482,50023,700118,500Form
10Nerges, Joseph RDirectBuy51320269.271,0009,27013,113,620Form
11Nerges, Joseph RDirectBuy51320269.212,34821,62513,019,267Form
12Nerges, Joseph RDirectBuy31320268.592001,71812,122,912Form
13Nerges, Joseph RDirectBuy31320268.529077,72912,024,768Form
14Nerges, Joseph RDirectBuy31320268.481,1009,32711,957,002Form
15Nerges, Joseph RDirectBuy22620268.851,50013,26812,464,151Form
16Nerges, Joseph RDirectBuy22620268.731,50013,09812,290,476Form
17Nerges, Joseph RDirectBuy21920269.145124,68012,852,844Form
18Nerges, Joseph RDirectBuy21920269.214,10037,76612,946,949Form
19Nerges, Joseph RDirectBuy21920269.236,40059,07912,937,036Form
20Nerges, Joseph RDirectBuy916202511.212,20024,65615,634,573Form
Core Cache Last Updated: 11/5/2026