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Genasys GNSS Hardware — Operating Expenses

Other segment segments

Software
$3.98M-8.0%

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BFLYHardware — Cost of revenue (excluding write-downs of inventories and vendor advances)
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SMRTHardware — Cost Of Revenue
$12.58M-9.9%

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+3.9%
Enterprise value$79.27M+8.9%
P/S1.3×-1.1×

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:OperatingExpenses.

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 — operating expenses?
Genasys (GNSS) reported hardware — operating expenses of $4.56M in Q1 2026.
How has Genasys's hardware — operating expenses changed year-over-year?
Genasys's hardware — operating expenses increased by 0.4% year-over-year, from $4.54M to $4.56M.
What does hardware — operating expenses mean?
Represents the total costs incurred by the hardware business segment to maintain daily operations, excluding the direct cost of goods sold. This includes selling, general, and administrative expenses as well as research and development investments required to sustain the hardware product line.