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Genasys GNSS Hardware — Gross Profit

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$1.75M+36.1%

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Other financials

Income statement

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Revenue$15.5M+124%
Gross profit$9.8M+276%
Operating income$1.3M+120%
Net income$723.0K+112%
EPS (diluted)$0.02+114%

Balance sheet

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Cash & equivalents$931.0K-83.6%
Total debt$2.8M-83.2%
Total equity$3.0M-62.4%
Total assets$61.6M+24.0%

Cash flow

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Operating cash flow-$9.3M-47.3%
CapEx$41.0K-73.5%
Free cash flow-$9.4M-44.4%

Valuation

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Market cap$77.42M+2.1%
Enterprise value$79.27M+7.0%
P/S1.3×-1.2×

Profitability

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Gross margin49.1%+4.7pp
Operating margin-8.4%-4.0pp
Net margin-13.4%-6.2pp
FCF margin-37.7%

Returns & leverage

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Return on equity-144.2%+15.0pp
Debt / equity0.9×-1.1×
Current ratio0.7×-0.3×

Where this comes from

Reported directly by Genasys in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

The official record: Genasys’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Genasys's hardware — gross profit?
Genasys (GNSS) reported hardware — gross profit of $8.07M in Q1 2026.
How has Genasys's hardware — gross profit changed year-over-year?
Genasys's hardware — gross profit increased by 508.7% year-over-year, from $1.33M to $8.07M.
What does hardware — gross profit mean?
Calculated as the difference between total hardware revenue and the direct costs of producing those goods. This metric indicates the fundamental profitability of the hardware segment before accounting for operating expenses like research or administration. A healthy gross profit is essential for covering overhead costs and generating sustainable operating income.