GSI Technology Inc. has released its financial results for the fiscal year ending March 31, 2025. The company reported net revenues that remained consistent at 100% of its total income for both the 2025 and 2024 fiscal years. However, cost of revenues increased to 50.6% in 2025 compared to 45.7% in 2024, leading to a decrease in gross profit from 54.3% to 49.4%. Operating expenses saw a significant shift, with research and development costs decreasing from 99.7% to 78.0%, and selling, general, and administrative expenses rising slightly from 48.5% to 52.5%. A notable change was the gain from a sale and leaseback transaction, which contributed to a reduction in total operating expenses to 102.3% in 2025 from 148.2% in 2024. The company reported a loss from operations of 52.9% in 2025, an improvement from the 93.9% loss in the previous fiscal year. Interest and other income, net, saw a slight decrease from 1.9% to 1.6%. Overall, GSI Technology registered a loss before income taxes of 51.3% for the year 2025, compared to a 92.0% loss in 2024. GSI Technology's revenues are primarily driven by sales of its Very Fast SRAM products, with contributions from sectors such as networking, telecommunications, military, and aerospace, among others. The company has indicated that while average selling prices have remained stable, historical trends in the semiconductor industry suggest potential future price declines. The outlook highlights the company's reliance on fulfilling orders within the same quarter to meet revenue targets, and notes potential impacts from order cancellations or delivery delays.