GSI Technology delivered a solid Q4 2025 with revenue of $5.883 million, marking a 14% year-over-year rise and a 9% sequential gain, driven by strong demand for high-density SRAM as the company exits the year. Gross margin expanded to 56.1% in the quarter, supported by favorable product mix and higher revenue, while operating loss narrowed to $2.276 million and net loss to $2.23 million, reflecting ongoing cost discipline and SBIR funding benefits. For the full year 2025, revenue declined 6% to $20.5 million, but the company achieved meaningful operating leverage by trimming R&D and other expenses, reducing the net loss by 47% to $10.6 million and driving cash burn down. Management emphasizes preserving runway through steady OPEX, securing new funding sources, and advancing strategic initiatives (Plato edge AI, Gemini-II edge compute, and radiation-hardened SRAM) to position GSI for future growth despite a still-challenging macro and funding environment. The quarter also showcased a robust pipeline of government and defense opportunities (SBIR milestones, Phase 2 contracts) and early commercial interest in edge AI, with management signaling potential follow-on orders and heritage status initiatives that could unlock higher-margin channels. Overall, the company remains in an investment phase with improving gross margins, controlled cash burn, and a focused ascent toward AI-at-the-edge opportunities, underpinned by SBIR support and a path to strategic funding.