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Genasys GNSS Software — Research And Development Expense

Other segment segments

Hardware
$1.1M+21.0%

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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:ResearchAndDevelopmentExpense.

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 software — research and development expense?
Genasys (GNSS) reported software — research and development expense of $1.23M in Q1 2026.
How has Genasys's software — research and development expense changed year-over-year?
Genasys's software — research and development expense decreased by 5.9% year-over-year, from $1.31M to $1.23M.
What does software — research and development expense mean?
The costs associated with the design, development, and improvement of software products and communication technologies. This investment is critical for maintaining innovation, enhancing product features, and ensuring long-term competitiveness in the market. High R&D spending indicates a commitment to future growth and technological leadership.