CSPI at a glance
CSP INC /MA/ (CSPI, SEC CIK 356037) filed its latest 10-K annual report on December 16, 2025, a 10-Q quarterly report on August 14, 2026, an 8-K current report on August 14, 2026 and Form 4 insider filings as recently as September 15, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended September 30, 2025 (FY2025), CSP INC /MA/ (CSPI) reported revenue of $58.7 million (up 6.4% from FY2024) and a net loss of $91,000. Diluted EPS was -$0.01.
- The most recent insider open-market purchase reported on Form 4 was by NERGES JOSEPH R on September 15, 2026 of 28 shares at $7.90 per share.
- In the last 90 days, CSPI insiders reported 6 open-market purchases ($36K) and 0 open-market sales ($0) on Form 4, a net purchase of $36K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $58.7M
- +6.4% vs prior year
- Insiders · 90 days
- 6 buys · 0 sells
- Net +$36K
- Latest 8-K
- Aug 14, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Sep 30, 2025
Risk Factors
- U.S. Department of Commerce Section 232 investigation into semiconductor imports impacting supply chain and tariffs starting Q2 2025
- Geopolitical risk from Russia-Ukraine conflict; customers and suppliers in surrounding regions face possible cyber attacks and supply disruptions
- Dependence on few large customers and key personnel, including CEO Victor Dellovo, risks significant revenue or leadership loss
- Competitive threat from larger, better-funded companies pricing below CSP Inc and rapidly evolving technologies
- Fluctuating quarterly results driven by variable large customer orders and lower gross margins on development contracts vs standard sales
Management Discussion & Analysis
- Revenue $58.7M, up 6% YoY (+$3.5M) driven by TS segment, partly offset by HPP segment decline
- Gross margin 32% vs 34% YoY; operating loss $(3.1)M (5% margin) vs $(1.9)M (3% margin) prior year
- Best segment TS: revenue $56.8M, up 11% (+$5.7M), gross margin 31% vs 32%; worst segment HPP: revenue $1.9M, down 54% (-$2.2M), gross margin 46% vs 65%
- Cash flow: operating cash inflow $2.3M vs $4.2M prior year; financing cash outflow $(5.0)M driven by $0.9M stock repurchases, $0.2M dividends, $3.3M net debt repayment; capex $0.4M
- Outlook/risk: management cites geopolitical conflicts as uncertain risks; sufficient liquidity with $27.4M cash, $14.1M available credit for next 12 months
Business Overview
- Core business model: IT integration solutions, advanced security products, managed IT, and cloud services through two segments; Technology Solutions (TS) and High Performance Products (HPP)
- New product introduction: Launched ARIA Zero Trust (AZT) PROTECT™ in July 2023 targeting prevention of sophisticated cyberattacks on critical infrastructure with initial revenue-generating contracts
- Strategic shift: HPP segment de-emphasizing Myricom ARC Series due to ASIC supplier issues; focus shifting to ARIA cybersecurity portfolio and MSSP partnerships
- Quantitative metrics: Revenue grows to $58.7M (+6.3% YoY) with TS segment comprising 97% of sales; R&D spend increased to $3.3M from $3.0M for ARIA product development
- Noteworthy fact: ARIA SDS software automates MITRE ATT&CK™ framework detecting threats up to 100x faster, enhancing appeal to regulated critical infrastructure markets and MSSPs
AI summary of the CSPI 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $14.4M, down $1.0M or 6% YoY from $15.4M
- Gross margin 30% vs 29% YoY; operating margin (11%) vs (8%)
- HPP best performer: sales $423K, up 10%; gross margin 51% vs 32%
- TS services weakest: sales $4.18M, down 15%; service margin 52% vs 55%
- Outlook headwinds: customer concentration, competition, tariffs, trade conflicts, tax-law changes and pandemics
Risk Factors
- Risk Factors section not provided; no new or changed risks identifiable
- Repurchase authorization: 244,254 shares remaining under 500,000-share plan
- Equity-market risk: 12,590 shares repurchased at average $9.30 during the quarter
AI summary of the CSPI 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q3 fiscal 2026 results covered the quarter ended June 30, 2026
- Press release issued August 14, 2026, with financial details in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q3 sales fell to $14.4M from $15.4M as hardware shortages delayed Technology Solutions deliveries
- Gross margin improved to 30.1% from 28.8%, but net loss widened to $846,000, or $0.09 per share
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Michael Newbanks departed June 5, 2026 as Vice President of Finance and Chief Accounting Officer
- Eric Sachs assuming the accounting leadership role following a transition period
Item 2.02: Results of Operations and Financial Condition
- Q2 fiscal 2026 results covered quarter ended March 31, 2026
- Press release issued May 7, 2026 and attached as Exhibit 99.1
AI summaries of CSPI 8-K current reports filed with the SEC. What 8-K item codes mean
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| NERGES JOSEPH R | Buy | Sep 15, 2026 | 28 | $7.90 |
| NERGES JOSEPH R | Buy | Sep 15, 2026 | 472 | $7.96 |
| NERGES JOSEPH R | Buy | Sep 14, 2026 | 500 | $7.90 |
| NERGES JOSEPH R | Buy | Sep 11, 2026 | 1,000 | $7.85 |
| NERGES JOSEPH R | Buy | Sep 11, 2026 | 1,000 | $7.90 |
| NERGES JOSEPH R | Buy | Sep 11, 2026 | 1,600 | $7.75 |
| LEVINE GARY W | A | Jul 31, 2026 | 259 | $7.51 |
| NERGES JOSEPH R | Buy | Jun 10, 2026 | 100 | $8.32 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $55.2M | $58.7M |
| Gross Profit | - | $18.9M | $18.5M |
| Operating Income | - | -$1.9M | -$3.1M |
| Net Income | - | -$326K | -$91K |
| Gross Margin | - | 34.1% | 31.5% |
| Op. Margin | - | -3.4% | -5.3% |
| Net Margin | - | -0.6% | -0.2% |
| Balance Sheet | |||
| Total Assets | $65.9M | $69.4M | $71.2M |
| Equity | $46.1M | $47.3M | $44.6M |
| ROE | - | -0.7% | -0.2% |
| Per Share | |||
| EPS | - | $-0.04 | $-0.01 |
| Cash Flow | |||
| Operating CF | - | $4.2M | $2.3M |
| CapEx | - | $196K | $348K |
Source: XBRL data in CSP INC /MA/ (CSPI)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
CSPI filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 15, 2026 | - | - | - |
| 10-Q | Aug 14, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 14, 2026 | - | Analysis | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Jun 10, 2026 | - | - | |
| 8-K | Jun 9, 2026 | - | Analysis | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 14, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 8-K | May 7, 2026 | - | Analysis | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| 4 | Apr 15, 2026 | - | - | - |
| 4 | Apr 1, 2026 | - | - | - |
| 4 | Apr 1, 2026 | - | - | - |
| 4 | Apr 1, 2026 | - | - | - |
| 4 | Apr 1, 2026 | - | - | - |
| 4 | Apr 1, 2026 | - | - | - |
| 8-K | Mar 16, 2026 | - | Analysis | - |
| 4 | Mar 13, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 19, 2026 | - | - | |
| 8-K | Feb 13, 2026 | - | - | |
| SC 13G | Feb 13, 2026 | - | - | |
| 10-Q | Feb 12, 2026 | Dec 31, 2025 | Analysis | |
| 8-K | Feb 12, 2026 | - | - |
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CSPI SEC filings: frequently asked questions
Are CSPI insiders buying or selling?
In the last 90 days, CSP INC /MA/ (CSPI) officers, directors and 10% owners reported 6 open-market purchases worth $36,078 by 1 insider and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
What was CSPI's revenue in fiscal year 2025?
For the fiscal year ended September 30, 2025 (FY2025), CSP INC /MA/ (CSPI) reported revenue of $58.7 million (up 6.4% from FY2024) and a net loss of $91,000. Diluted EPS was -$0.01. The figures come from the XBRL data in the 10-K.
What are the main risks in CSPI's latest 10-K?
In the 10-K filed December 16, 2025, CSP INC /MA/ (CSPI) flagged: U.S. Department of Commerce Section 232 investigation into semiconductor imports impacting supply chain and tariffs starting Q2 2025. Geopolitical risk from Russia-Ukraine conflict; customers and suppliers in surrounding regions face possible cyber attacks and supply disruptions. (AI summary of the Risk Factors section.)
What did CSPI report in its latest 8-K?
CSP INC /MA/ (CSPI) filed an 8-K on August 14, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q3 fiscal 2026 results covered the quarter ended June 30, 2026.
What are the latest CSPI SEC filings?
CSP INC /MA/ (CSPI) filed its latest 10-K annual report on December 16, 2025, a 10-Q quarterly report on August 14, 2026, an 8-K current report on August 14, 2026 and a Form 4 insider filing on September 15, 2026.
What is CSPI's SEC CIK number?
CSP INC /MA/ (CSPI)'s SEC Central Index Key (CIK) is 356037. EDGAR lists every CSPI filing under that number.
Ask anything about CSPI
The research agent reads CSPI's filings, financials, insider trades and 13F holders, then answers with sources.