Here are the 10-K annual reports from CSP Inc. (CSPI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CSPI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CSPI filings page.
CSP Inc. reports fiscal 2025 results showing modest top-line growth but continued small losses. Revenue rose about 6% to $58.7M, driven almost entirely by the Technology Solutions segment, which grew 11% to $56.8M and now represents 97% of sales. Products and services within this segment both expanded, helped by existing and new U.S. customers and stronger maintenance and managed services.
The High Performance Products segment, centered on ARIA cybersecurity offerings, declined sharply, with revenue falling 54% to $1.9M as product sales dropped, including lower ARIA AZT demand. Gross margin compressed from 34% to 32%, and CSPi posted an operating loss of $3.1M and a near break-even net loss of $0.1M after a tax benefit. Backlog increased in both segments, R&D spending grew to $3.3M, the company maintained quarterly dividends of $0.030 per share, and it continued modest share repurchases.