CPSH

MKT CAP:$82M

CPS Technologies Corporation

Market Cap

$82M

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$5.17+$1.97 (+61.56%)

Apr 21, 2026

Company Details

CPS Technologies Corporation produces and sells advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets. It primarily offers metal matrix comp...

CEO

Brian T. Mackey

IPO Date

Apr 5, 1994

Website

cpstechnologysolutions.com

Key Metrics TTM

Revenue

$30M

+38.2% YoY

Net Income

-$587.4K

EPS (Diluted)

-$0.04

Free Cash Flow

-$1M

Revenue / Share

$2.07

Gross Margin

12.5%

Operating Margin

-2.6%

Net Margin

-1.9%

FCF Margin

-4.9%

P/S

2.7x

P/E

—

Earnings Reports

Q4 2025

Apr 29, 2026

PENDING

Q3 2025

Oct 31, 2025

$9M+107.3%EPS $0.01

Q2 2025

Aug 1, 2025

$8M+60.6%EPS $0.01

Q1 2025

May 2, 2025

$8M+26.9%EPS $0.01

FY 2024

Mar 17, 2025

$21M-23.3%EPS -$0.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$6M	$1M	$312.4K
Q1 22	$7M	$2M	$547.1K
Q2 22	$7M	$2M	$669.5K
Q3 22	$7M	$2M	$708.7K
Q4 22	$6M	$2M	$309.2K
Q1 23	$7M	$2M	$694.2K
Q2 23	$7M	$2M	$730.9K
Q3 23	$6M	$1M	$130.6K
Q4 23	$7M	$1M	$143.6K
Q1 24	$6M	$906.3K	-$259.6K
Q2 24	$5M	-$230.0K	-$1M
Q3 24	$4M	-$523.4K	-$1M
Q4 24	$6M	-$271.5K	-$1M
Q1 25	$8M	$1M	$129.7K
Q2 25	$8M	$1M	$136.9K
Q3 25	$9M	$2M	$276.1K

Valuation

Quarter	P/S	P/E
Q4 21	3.6x	25.5x
Q1 22	3.4x	22.7x
Q2 22	3.2x	21.4x
Q3 22	3.1x	39.4x
Q4 22	3.1x	38.4x
Q1 23	3.0x	37.7x
Q2 23	3.0x	35.4x
Q3 23	3.0x	54.6x
Q4 23	3.0x	59.8x
Q1 24	3.1x	106.7x
Q2 24	3.4x	—
Q3 24	3.7x	—
Q4 24	3.9x	—
Q1 25	3.6x	—
Q2 25	3.2x	—
Q3 25	2.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$1M	$1M
Q1 22	-$379.3K	-$473.9K
Q2 22	$590.1K	$393.1K
Q3 22	$661.4K	$560.7K
Q4 22	$3M	$3M
Q1 23	-$719.1K	-$895.7K
Q2 23	$2M	$1M
Q3 23	$234.7K	$100.9K
Q4 23	$196.9K	$46.0K
Q1 24	$128.9K	-$134.5K
Q2 24	-$1M	-$2M
Q3 24	-$1M	-$1M
Q4 24	-$1M	-$1M
Q1 25	-$1M	-$1M
Q2 25	$649.3K	$455.0K
Q3 25	$1M	$872.3K

Capital Expenditures

Quarter	CapEx
Q4 21	$215.6K
Q1 22	$94.7K
Q2 22	$196.9K
Q3 22	$100.7K
Q4 22	$47.5K
Q1 23	$176.6K
Q2 23	$257.0K
Q3 23	$133.8K
Q4 23	$150.9K
Q1 24	$263.3K
Q2 24	$552.4K
Q3 24	$80.1K
Q4 24	$98.4K
Q1 25	$93.1K
Q2 25	$194.2K
Q3 25	$178.1K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+49.5%	+32.7%
Q1 22	+36.7%	+26.4%
Q2 22	+20.6%	+14.1%
Q3 22	+22.4%	+7.8%
Q4 22	-1.5%	-1.5%
Q1 23	+6.7%	+4.9%
Q2 23	+4.9%	+4.5%
Q3 23	-6.9%	+1.9%
Q4 23	+10.3%	+13.7%
Q1 24	-16.7%	-3.7%
Q2 24	-32.2%	-5.1%
Q3 24	-32.4%	-6.8%
Q4 24	-12.1%	+9.8%
Q1 25	+26.9%	+19.5%
Q2 25	+60.6%	+25.2%
Q3 25	+107.3%	+48.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$26.5K	0.4%
Q1 22	$124.5K	1.9%
Q2 22	$39.4K	0.6%
Q3 22	$43.4K	0.6%
Q4 22	$43.1K	0.7%
Q1 23	$130.4K	1.8%
Q2 23	$17.3K	0.2%
Q3 23	$27.9K	0.4%
Q4 23	$29.1K	0.4%
Q1 24	$161.0K	2.7%
Q2 24	$44.5K	0.9%
Q3 24	$44.5K	1.0%
Q4 24	$60.2K	1.0%
Q1 25	$122.2K	1.6%
Q2 25	$49.4K	0.6%
Q3 25	$49.4K	0.6%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 21	—	—	$1M
Q1 22	—	—	$1M
Q2 22	—	—	$1M
Q3 22	—	—	$1M
Q4 22	—	—	$1M
Q1 23	—	—	$2M
Q2 23	—	—	$1M
Q3 23	—	—	$1M
Q4 23	$175.7K	$829.2K	—
Q1 24	—	—	$1M
Q2 24	—	—	$1M
Q3 24	—	—	$963.1K
Q4 24	—	—	$1M
Q1 25	—	—	$1M
Q2 25	—	—	$1M
Q3 25	—	—	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$5M	$0	$5M
Q2 22	$5M	$0	$5M
Q3 22	$6M	$0	$6M
Q4 22	$8M	$0	$8M
Q1 23	$7M	$0	$7M
Q2 23	$9M	$0	$9M
Q3 23	$9M	$0	$9M
Q4 23	$9M	$0	$9M
Q1 24	$9M	$0	$9M
Q2 24	$6M	$758.7K	$7M
Q3 24	$5M	$1M	$6M
Q4 24	$3M	$1M	$4M
Q1 25	$2M	$1M	$3M
Q2 25	$2M	$1M	$3M
Q3 25	$3M	$1M	$4M
Q4 25	$4M	$9M	$13M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	15M	+1.1%	+10.7%
Q1 22	15M	-0.5%	+6.2%
Q2 22	15M	+0.3%	+23.0%
Q3 22	15M	-0.2%	+0.8%
Q4 22	15M	-0.3%	-0.5%
Q1 23	15M	-0.1%	-0.1%
Q2 23	15M	-0.1%	-0.6%
Q3 23	15M	+0.1%	-0.3%
Q4 23	15M	-0.1%	-0.2%
Q1 24	15M	-0.7%	-0.8%
Q2 24	15M	0.0%	-0.7%
Q3 24	15M	+0.0%	-0.8%
Q4 24	15M	0.0%	-0.6%
Q1 25	15M	+0.1%	+0.2%
Q2 25	15M	+0.2%	+0.4%
Q3 25	15M	+0.7%	+1.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$69.0K	90
Q1 22	$73.9K	90
Q2 22	$78.6K	90
Q3 22	$75.0K	90
Q4 22	$71.1K	86
Q1 23	$82.6K	86
Q2 23	$86.3K	86
Q3 23	$73.1K	86
Q4 23	$67.5K	100
Q1 24	$59.1K	100
Q2 24	$50.3K	100
Q3 24	$42.5K	100
Q4 24	$64.5K	92
Q1 25	$81.6K	92
Q2 25	$87.8K	92
Q3 25	$95.7K	92

Revenue / Employee