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CPSH on Nasdaq

CPS TECHNOLOGIES CORP/DE/

CPS TECHNOLOGIES CORP/DE/ is an American pottery and related products company based in Wilmington.2 Its shares trade on Nasdaq under the symbol CPSH.2

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Last updated Oct 21, 2026.

Overview

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  • TickerCPSH on Nasdaq2
  • IndustryPottery & Related Products2
  • HeadquartersWilmington, United States2
  • Incorporated inMA3
  • Business address111 South Worcester Street, Norton, Ma 027663
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI529900V9XT8Q26X56N452
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 21232812

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CPS Technologies Corp. (the “Company” or “CPS”) is a Massachusetts-based advanced materials company founded in 1984 (originally as Ceramics Process Systems Corporation) and publicly listed on Nasdaq since 1987. Renamed CPS Technologies Corp. in 2007, the Company designs, manufactures, and sells high-performance material solutions for global customers across diverse markets, including transportation, energy, automotive, electronics, telecommunications, aerospace, and defense.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

16.2%Gross margin5
1.4%Operating margin5
1.3%Net margin5
54.3%Revenue growth, 20255
1.7%Return on equity5
-$487.0KFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue81¢$27.3M
  • Research and development3¢$867.7K
  • Selling, general and admin14¢$4.8M
  • Income tax1¢$262.3K
  • Profit1¢$420.4K

Out of $32.6M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending100¢$730.7K

Out of $243.6K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue6789105$32.6M in 2025+52% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $21.5M$21.5M20192020: $20.9M$20.9M2020−3%2021: $22.4M$22.4M2021+8%2022: $26.6M$26.6M2022+18%2023: $27.6M$27.6M2023+4%2024: $21.1M$21.1M2024−23%2025: $32.6M$32.6M2025+54%
Gross profit6789105$5.3M in 2025+108% since 2019
-$2.0M0$2.0M$4.0M$6.0M$8.0M2019: $2.5M$2.5M20192020: $4.2M$4.2M2020+64%2021: $4.8M$4.8M2021+15%2022: $7.3M$7.3M2022+52%2023: $6.8M$6.8M2023−7%2024: -$118.6K-$118.6K20242025: $5.3M$5.3M2025
Operating income6789105$444.0K in 2025
-$6.0M-$4.0M-$2.0M0$2.0M$4.0M2019: -$597.2K-$597.2K20192020: $914.2K$914.2K20202021: $513.0K$513.0K2021−44%2022: $2.2M$2.2M2022+336%2023: $1.7M$1.7M2023−24%2024: -$4.4M-$4.4M20242025: $444.0K$444.0K2025
Net income6789105$420.4K in 2025
-$4.0M-$2.0M0$2.0M$4.0M2019: -$638.2K-$638.2K20192020: $908.1K$908.1K20202021: $3.2M$3.2M2021+254%2022: $2.1M$2.1M2022−34%2023: $1.4M$1.4M2023−36%2024: -$3.1M-$3.1M20242025: $420.4K$420.4K2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Product sales$32.6M$21.1M
Cost of product sales$27.3M$21.2M
Gross profit$5.3M-$118.6K
Selling, general, and administrative expenses$4.8M$4.3M
Income (loss) from operations$444.0K-$4.4M
Interest income$237.9K$285.3K
Other income$783$1.7K
Income before income tax$682.6K-$4.1M
Income tax provision (benefit)$262.3K-$958.5K
Net income (loss)$420.4K-$3.1M
Net unrealized gains (losses) on available for sale securities-$15.4K$15.5K
Total other comprehensive income-$15.4K$15.5K
Total comprehensive income (loss)$405.0K-$3.1M
Net income (loss) per basic common share (in dollars per share)$0.03-$0.22
Weighted average number of basic common shares outstanding (in shares)15.3M shares14.5M shares
Net income (loss) per diluted common share (in dollars per share)$0.03-$0.22
Weighted average number of diluted common shares outstanding (in shares)15.4M shares14.5M shares

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Corporate structure

CPS TECHNOLOGIES CORP/DE/ sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CPS TECHNOLOGIES CORP/DE/

  • GLOBAL VALUE INVESTMENT CORP. Filed SCHEDULE 13D/A on CPS TECHNOLOGIES CORP/DE/, latest May 27, 2026 (2 filings since Oct 14, 2025)
  • Wax Asset Management, LLC Filed SCHEDULE 13G/A on CPS TECHNOLOGIES CORP/DE/, latest Feb 13, 2026 (2 filings since Feb 6, 2025)
  • Of Sharon C. Wechsler Estate Filed SCHEDULE 13G on CPS TECHNOLOGIES CORP/DE/, latest Jul 18, 2025
  • CPS TECHNOLOGIES CORP/DE/ Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CPS TECHNOLOGIES CORP/DE/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$10.6M5 Dec 27, 2025$10.4M5 Dec 28, 2024+2.6%
Furniture and fixtures$910.3K5 Dec 27, 2025$891.9K5 Dec 28, 2024+2.1%
Leasehold improvements$997.8K5 Dec 27, 2025$997.8K5 Dec 28, 20240%
Property and equipment, net$2.1M5 Dec 27, 2025$2.0M5 Dec 28, 2024+6.7%
Operating-lease assets (leased space)$336.0K5 Dec 27, 2025$186.0K5 Dec 28, 2024+80.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.5M5 Dec 27, 2025$3.3M5 Dec 28, 2024+36.1%
Marketable securities, current$8.8M5 Dec 27, 2025$1.0M5 Dec 28, 2024+750.6%
Debt securities available for sale$8.8M5 Dec 27, 2025$1.0M5 Dec 28, 2024+750.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$21.8K5 Dec 27, 2025$05 Dec 28, 2024
Finite-lived intangibles, gross$26.1K5 Dec 27, 2025$05 Dec 28, 2024

Inventory

ItemLatestA year beforeChange
Inventory, total$5.6M5 Dec 27, 2025$4.3M5 Dec 28, 2024+29.3%
Raw materials$2.6M5 Dec 27, 2025$2.6M5 Dec 28, 2024−2.5%
Work in process$3.4M5 Dec 27, 2025$1.9M5 Dec 28, 2024+83.4%
Finished goods$278.8K5 Dec 27, 2025$343.7K5 Dec 28, 2024−18.9%

Properties, in its own words

As of December 27, 2025, all of our manufacturing, engineering, sales and administrative operations were located in leased facilities in Norton, Massachusetts.

In August 2025, the Company extended the lease for the Norton facility through February 2028. The leased facilities comprise approximately 38 thousand square feet. The lease is a triple net lease wherein the Company is responsible for payment of all real estate taxes, operating costs and utilities. The Company also has an option to buy the property and a first right of refusal during the term of the lease. Annual rental payments for 2025 were $165 thousand.

The rest of Item 2

Continued expected growth of our business may result in the need to move to a larger location, open a second location or expand our footprint at our current location. The Company is actively pursuing the first option, moving to a larger location.

On December 2, 2025 Gifford Investments, the lessor of the Norton facility was placed in receivership under Massachusetts state law. We do not anticipate this will have a negative impact on CPS of any significance.

Item 2 of the 10-K filed Mar 3, 2026.4

Leadership

Who has led CPS TECHNOLOGIES CORP/DE/, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Grant C. Bennett2007–2021
  2. Brian T. Mackey2023–now

President

  1. Grant C. Bennett2007–2020
  2. Charles Darosa2011–2013
  3. Cheryl A. Oliveira2012–2013
  4. Mark A. Occhionero2012–2015
  5. Susan E. April2012–2013
  6. Brian T. Mackey2023–now

Chief financial officer

  1. Ralph M. Norwood2012–2019
  2. Charles Kellogg Griffith Jr.2019–2026
  3. Christopher Stuart Fraser2026–now
2010201520202025
Board members and other officers (12)

Former names

  • CERAMICS PROCESS SYSTEMS CORP/DE/Aug 17, 1995 to Mar 15, 20073

Timeline

  1. Aug 24, 20268-K Entered a material agreement35
  2. Aug 6, 20268-K Results of operations; Other events36
  3. Jun 1, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Other events37
  4. May 8, 20268-K Executive or director change38
  5. May 6, 20268-K Shareholder vote; Regulation FD disclosure39
  6. May 6, 20268-K Results of operations; Other events40
  7. Mar 4, 20268-K Results of operations; Other events41
  8. Dec 17, 20258-K Executive or director change42
  9. Oct 31, 20258-K Results of operations; Other events43
  10. Oct 8, 20258-K Other events44
  11. Aug 1, 20258-K Results of operations; Other events45
  12. May 1, 20258-K Shareholder vote46
  13. Aug 3, 2023New chief executive Brian T. Mackey becomes CEO14
  14. Jan 3, 2007New chief executive Grant C. Bennett becomes CEO15
  15. Apr 13, 1987Founded CPS TECHNOLOGIES CORP/DE/ is founded2

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.01 a share, on Oct 29, 2025.47

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results36
  2. May 6, 2026Reported quarterly or annual results40
  3. Mar 4, 2026Reported quarterly or annual results41
  4. Oct 31, 2025Reported quarterly or annual results43
  5. Aug 1, 2025Reported quarterly or annual results45
  6. May 1, 2025Reported quarterly or annual results48
  7. Mar 14, 2025Reported quarterly or annual results49
  8. Nov 1, 2024Reported quarterly or annual results50

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

173 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 39 major events, 85 insider forms, 5 large holders, 22 other. The latest 20:

  1. Aug 24, 20268-K EDGAR
  2. Aug 11, 202610-Q EDGAR
  3. Aug 6, 20268-K EDGAR
  4. Jul 17, 20264 PRIMARY DOCUMENT EDGAR
  5. Jun 26, 20264 PRIMARY DOCUMENT EDGAR
  6. Jun 2, 20264 PRIMARY DOCUMENT EDGAR
  7. Jun 1, 20268-K EDGAR
  8. May 29, 2026SD EDGAR
  9. May 29, 2026424B5 EDGAR
  10. May 27, 2026SCHEDULE 13D/A EDGAR
  11. May 26, 20264/A PRIMARY DOCUMENT EDGAR
  12. May 26, 20264 PRIMARY DOCUMENT EDGAR
  13. May 26, 20264 PRIMARY DOCUMENT EDGAR
  14. May 26, 20264 PRIMARY DOCUMENT EDGAR
  15. May 26, 20264 PRIMARY DOCUMENT EDGAR
  16. May 26, 20264 PRIMARY DOCUMENT EDGAR
  17. May 26, 20264 PRIMARY DOCUMENT EDGAR
  18. May 26, 20264 PRIMARY DOCUMENT EDGAR
  19. May 20, 20264 PRIMARY DOCUMENT EDGAR
  20. May 20, 20264 PRIMARY DOCUMENT EDGAR

The 173 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

20 open-market trades by officers, directors and large owners since October 2021: 18 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 16, 2026Cavoli Ivo JamesDirectorBuy2,315$3.86$8.9KForm 4
Nov 13, 2025Cavoli Ivo JamesDirectorBuy1,500$3.42$5.1KForm 4
Oct 8, 2025Snow Daniel CDirectorBuy3,333$3.00$10.0KForm 4
Oct 8, 2025HUGHES FRANCIS J JRDirectorBuy18,333$3.00$55.0KForm 4
Oct 8, 2025Cavoli Ivo JamesDirectorBuy25,000$3.00$75.0KForm 4
Oct 8, 2025Mackey Brian TChief Executive OfficerBuy16,500$3.00$49.5KForm 4
Oct 8, 2025Griffith Charles Kellogg JrCFOBuy4,000$3.00$12.0KForm 4
Aug 20, 2025Cavoli Ivo JamesDirectorBuy1,500$3.03$4.5KForm 4
Aug 11, 2025Cavoli Ivo JamesDirectorBuy2,767$2.88$8.0KForm 4
Aug 8, 2025Cavoli Ivo JamesDirectorBuy6,658$2.74$18.3KForm 4
Jun 18, 2025Cavoli Ivo JamesDirectorBuy6,260$2.54$15.9KForm 4
Mar 19, 2025Mackey Brian TChief Executive OfficerBuy5,000$1.56$7.8KForm 4
Mar 18, 2025Mackey Brian TChief Executive OfficerBuy7,500$1.55$11.6KForm 4
Mar 17, 2025Mackey Brian TChief Executive OfficerBuy7,500$1.55$11.6KForm 4
Mar 17, 2025Cavoli Ivo JamesDirectorBuy7,000$1.57$11.0KForm 4
Nov 15, 2024Griffith Charles Kellogg JrCFOBuy1,000$1.40$1.4KForm 4
Sep 17, 2024Griffith Charles Kellogg JrCFOBuy1,000$1.43$1.4KForm 4
Mar 12, 2024Snow Daniel CDirectorBuy2,500$1.80$4.5KForm 4
Nov 14, 2022NORWOOD RALPH MDirectorSale6,034$3.49$21.1KForm 4
Nov 11, 2022NORWOOD RALPH MDirectorSale5,000$3.50$17.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Brian T. Mackey56$319.1K$505.2K54
2025Charles K. GriffithJr.72$223.4K$303.3K54
2025Daniel Barton$223.4K$282.2K54
2024PresidentChief Executive Officer$300.0K$333.4K54
2024Chief Financial Officer$210.0K$240.4K54
2024Vice President Operations$210.0K$239.1K54

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 44. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Tidal Investments LLC1,506,077$8.3M0.0%New
Tema ETFs LLC1,506,077$8.3M0.3%+1,503,353
Vanguard Capital Management LLC696,849$3.8M0.0%+121,582
BlackRock, Inc.426,162$2.4M0.0%+262,175
Round Rock Advisors LLC283,951$1.6M0.2%−151,571
CIBC Bancorp USA Inc.191,024$1.1M0.0%−20,000
Geode Capital Management, LLC160,378$886.1K0.0%−1,494
Dimensional Fund Advisors LP126,290$697.1K0.0%+33,615
Two Sigma Investments, LP89,072$491.7K0.0%New
UBS Group AG85,779$473.5K0.0%+38,442
Vanguard Fiduciary Trust Co83,366$460.2K0.0%+567
LPL Financial LLC77,309$426.7K0.0%−69,958
Morgan Stanley68,100$375.9K0.0%−13,800
Renaissance Technologies LLC62,058$342.6K0.0%−186,900
State Street Corp58,108$320.8K0.0%No change
Group One Trading LLC54,955$303.4K0.0%+47,347
Aries Wealth Management53,900$297.5K0.1%−10,000
James Investment Research, Inc.41,072$226.7K0.0%No change
NewEdge Advisors, LLC41,072$226.7K0.0%No change
Northern Trust Corp31,444$173.6K0.0%+5,101
Aqr Capital Management LLC29,163$161.0K0.0%−366
Ironwood Investment Counsel, LLC27,500$151.8K0.0%New
American Century Companies Inc24,594$135.8K0.0%New
Essex Investment Management Co LLC21,524$118.8K0.0%−52,590
Engineers Gate Manager LP21,057$116.2K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CPS TECHNOLOGIES CORP/DE/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCPS TECHNOLOGIES CORP/DE/1
  • CIK0000814676
  • Employer ID (EIN)04-28325094
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 261
  • Industry code (SIC)3260 Pottery & Related Products1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address111 South Worcester Street, Norton, MA 027661
  • Phone508-222-06141
  • Shares outstanding19,387,942 as of Jul 26, 202612
  • Public float$52.0M as of Jun 28, 20254
  • AuditorPKF O’Connor Davies, LLP, Boston, Massachusetts PCAOB ID 127; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 17, 19951
  • Filings710 in all: 4 (282), 8-K (160), 10-Q (96), 10-K (32), 3 (16), UPLOAD (16), DEF 14A (13), SD (13)1
    All 37 form types

    CORRESP (12), 10-Q/A (10), 4/A (8), SC 13D/A (7), S-8 (4), 424B5 (3), 5 (3), EFFECT (3), S-3 (3), 10-K/A (2), 8-K/A (2), DEFA14A (2), PRE 14A (2), S-8 POS (2), SC 13D (2), SC 13G (2), SC 13G/A (2), SCHEDULE 13G (2), 3/A (1), 424B3 (1), 8-A12B (1), CERTNAS (1), PREC14A (1), PRER14A (1), PX14A6G (1), S-3/A (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 3, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Proxy statement (DEF 14A) Mar 20, 2026
    Latest 8-K (8-K) Aug 24, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueCPSHNASDAQ

From the cover page of the 10-K filed Mar 3, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks CPS TECHNOLOGIES CORP/DE/ names in Item 1A of its 10-K filed Mar 3, 2026: 21 risks under these headings, as written.4

  • Our customer base is highly concentrated, and any significant changes in ordering patterns, delays, or order cancellations could materially and adversely affect our business and results of operations.
  • Our lengthy and variable sales cycle makes it difficult to accurately forecast financial results.
  • Fluctuations in foreign exchange rates could negatively affect our competitiveness against foreign-based competitors.
  • We rely on outside vendors for certain steps in our manufacturing process, and any inability or unwillingness of these vendors to provide services at a reasonable cost could negatively affect our business.
  • Our success depends heavily on the contributions of key executives and employees, and we may be unable to retain them or recruit suitable replacements.
  • The Company’s reliance on aging equipment and capital-intensive processes may require significant ongoing investment and expose it to operational and financial risks.
  • We are considering moving to a larger facility, and the relocation and transition process could be costly, disruptive to our operations, and may adversely affect our ability to manufacture products and achieve expected financial and operational benefits, which could hurt our short-term and long-term results.
  • Fluctuations in the prices and availability of raw materials may adversely affect margins, operating results, and cash flows.
  • Broad economic disruptions or global health concerns could materially harm our business.
  • Changes in trade policy could materially affect our business.
  • Acquisitions may increase our operating costs, divert management’s attention from other priorities, and expose us to additional risks.
  • Market conditions in the industries in which we operate are volatile, and the demand for our products and their profitability can fluctuate significantly.
The other 9 risks
  • Volatile and cyclical demand for our products may make it difficult to accurately budget expenses, which are partially based on projected revenues.
  • We operate in highly competitive markets, have fewer resources than some competitors, and may be subject to future import duties that could adversely affect our business.
  • We may face increasing price pressure, which could adversely affect our margins.
  • Manufacturing interruptions or delays could impair our ability to meet customer demand and increase operating costs.
  • Our investments in proprietary technologies may lose value if we are unable to adequately protect our intellectual property or if we are accused of infringing the intellectual property rights of third parties, which could result in costly litigation.
  • The price of our common shares is volatile and could decline significantly.
  • Claims related to product defects, safety, or performance could result in significant costs, reputational harm, and operational disruption.
  • Cyber-attacks or security breaches could result in substantial costs, significant liabilities, reputational harm, and disruption to our operations.
  • Compliance with U.S. government requirements for handling controlled unclassified information (CUI) could increase CPS’s operating costs.

Legal proceedings

We are not a party to any litigation which could have a material adverse effect on us or on our business.

The opening of Item 3, Legal Proceedings.4

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