Filing Flows › CSP (CSPI) › Q3 FY25
CSP (CSPI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 14, 2025
CSP (CSPI) reported revenue of $15.4M for the third quarter fiscal 2025 (Q3 FY25), +18% from a year earlier and +18% from the quarter before. Operating margin was -7.9%, net loss $264K (1.7% of revenue).
CSP, Q3 FY25: revenue $15.4M (+18% year over year), operating margin -7.9%, net loss $264K, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.4M | +18% | +18% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$264K | — | — |
| Operating cash flow | −$3.3M | -272% | — |
What changed
Revenue was $15.4M in Q3 FY25, up 18% year over year and up 18% from the previous quarter. Product was the largest line at 66% of revenue. Product added $2.3M year over year (up 29%), 98% of the total change.
Gross margin was 28.8%, down 6.1 points from a year earlier. Operating costs exceeded revenue by $1.2M, an operating margin of -7.9%. Operating expenses grew 7% against revenue growth of 18%. The quarter ended with a net loss of $264K, wider than the previous quarter's $108K loss. Non-operating items added $208K, -20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.3M. Non-cash charges added back $65K of depreciation and amortization and $403K of share-based compensation. Working capital and other items used $3.5M. Capital expenditures of $66K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was CSP's revenue in the third quarter fiscal 2025?
CSP (CSPI) reported revenue of $15.4M for the third quarter fiscal 2025 (Q3 FY25), +18% from a year earlier and +18% from the quarter before.
Was CSP profitable in the third quarter fiscal 2025?
Operating loss was $1.2M (-7.9% of revenue) and net loss $264K.
Source: CSP 10-Q on SEC EDGAR.