NASDAQ : TSSI
TSS, Inc. — Financial statements
Technology · Information Technology Services · United States
Last price 6.86 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 193.58M
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Financial statements
TSS, Inc. (TSSI) reported revenue of 193.28M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 193.28M | 245.72M | 148.14M | 54.40M | 30.64M | 27.41M |
| Cost of Revenue | 156.51M | 210.66M | 125.79M | 43.40M | 21.66M | 21.05M |
| Gross Profit | 36.77M | 35.05M | 22.35M | 11.00M | 8.98M | 6.36M |
| Selling, General & Admin | 22.11M | 20.65M | 13.24M | 8.93M | 7.68M | 6.66M |
| Operating Expenses | 27.37M | 24.41M | 13.85M | 9.25M | 8.07M | 7.19M |
| Operating Income | 9.40M | 10.64M | 8.50M | 1.75M | 914.00K | -831.00K |
| Interest Expense | -1.31M | -651.00K | -931.00K | -430.00K | ||
| Interest & Investment Income | 2.39M | 1.66M | 562.00K | 355.00K | ||
| Other Non Operating Income (Expenses) | -2.34M | -3.45M | -2.93M | -1.97M | 29.00K | |
| EBT Excluding Unusual Items | 8.14M | 8.19M | 6.13M | 134.00K | -17.00K | -1.23M |
| Gain (Loss) on Sale of Assets | -675.00K | -658.00K | ||||
| Pretax Income | 7.46M | 7.53M | 6.13M | 134.00K | -17.00K | -1.23M |
| Income Tax Expense | -6.91M | -7.59M | 158.00K | 60.00K | 56.00K | 65.00K |
| Net Income | 14.37M | 15.12M | 5.98M | 74.00K | -73.00K | -1.30M |
| Net Income to Common | 14.37M | 15.12M | 5.98M | 74.00K | -73.00K | -1.30M |
| Shares Outstanding (Basic) | 27.03M | 24.95M | 22.40M | 21.60M | 20.06M | 18.36M |
| Shares Outstanding (Diluted) | 28.84M | 27.22M | 25.07M | 22.02M | 20.06M | 18.36M |
| EPS (Basic) | 0.53 | 0.61 | 0.27 | 0.00 | -0.00 | -0.07 |
| EPS (Diluted) | 0.51 | 0.56 | 0.24 | 0.00 | -0.00 | -0.07 |
| Free Cash Flow | -20.98M | 2.12M | 6.81M | -8.53M | 14.18M | -10.52M |
| Free Cash Flow Per Share | -0.73 | 0.08 | 0.27 | -0.39 | 0.71 | -0.57 |
| Gross Margin | 19.02% | 14.27% | 15.09% | 20.22% | 29.31% | 23.21% |
| Operating Margin | 4.86% | 4.33% | 5.74% | 3.22% | 2.98% | -3.03% |
| Profit Margin | 7.43% | 6.16% | 4.03% | 0.14% | -0.24% | -4.73% |
| Free Cash Flow Margin | -10.85% | 0.86% | 4.60% | -15.67% | 46.27% | -38.37% |
| EBITDA | 14.66M | 14.40M | 9.11M | 2.07M | 1.30M | -295.00K |
| EBITDA Margin | 7.58% | 5.86% | 6.15% | 3.81% | 4.23% | -1.08% |
| D&A For EBITDA | 5.26M | 3.77M | 608.00K | 320.00K | 383.00K | 536.00K |
| EBIT | 9.40M | 10.64M | 8.50M | 1.75M | 914.00K | -831.00K |
| EBIT Margin | 4.86% | 4.33% | 5.74% | 3.22% | 2.98% | -3.03% |
| Effective Tax Rate | 2.58% | 44.78% | ||||
| Revenue as Reported | 193.28M | 245.72M | 148.14M | 54.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 67.68M | 85.51M | 23.22M | 11.83M | 20.40M | 7.99M |
| Cash & Short-Term Investments | 67.68M | 85.51M | 23.22M | 11.83M | 20.40M | 7.99M |
| Receivables | 14.53M | 15.51M | 17.05M | 4.84M | 2.98M | 2.42M |
| Inventory | 16.96M | 15.97M | 17.67M | 2.34M | 862.00K | 847.00K |
| Prepaid Expenses | 1.94M | 1.64M | 248.00K | 302.00K | 175.00K | 100.00K |
| Other Current Assets | 450.00K | |||||
| Total Current Assets | 102.92M | 118.63M | 58.20M | 19.31M | 24.41M | 11.81M |
| Property, Plant & Equipment | 60.47M | 53.37M | 32.80M | 4.69M | 5.30M | 5.85M |
| Goodwill | 780.00K | 780.00K | 780.00K | 780.00K | 780.00K | 780.00K |
| Other Intangible Assets | 35.00K | 126.00K | ||||
| Long-Term Deferred Tax Assets | 7.24M | 7.92M | ||||
| Other Long-Term Assets | 3.91M | 4.24M | 4.79M | 817.00K | 877.00K | 720.00K |
| Total Assets | 175.32M | 184.94M | 96.57M | 25.60M | 31.41M | 19.28M |
| Accounts Payable | 38.30M | 46.36M | 35.77M | 12.41M | 19.96M | 5.47M |
| Accrued Expenses | 14.81M | 6.27M | 17.57M | 1.95M | 1.66M | 1.04M |
| Current Portion of Long-Term Debt | 4.16M | 4.01M | 2.02M | |||
| Current Portion of Leases | 2.12M | 1.99M | 966.00K | 688.00K | 467.00K | 644.00K |
| Current Unearned Revenue | 2.79M | 13.93M | 2.61M | 3.37M | 2.08M | 2.44M |
| Other Current Liabilities | 500.00K | |||||
| Total Current Liabilities | 62.18M | 72.57M | 56.92M | 18.42M | 24.16M | 12.12M |
| Long-Term Debt | 11.92M | 14.00M | 8.20M | |||
| Long-Term Leases | 20.57M | 21.63M | 23.54M | 3.63M | 4.31M | 4.94M |
| Long-Term Unearned Revenue | 255.00K | 771.00K | 22.00K | |||
| Other Long-Term Liabilities | 103.00K | 100.00K | ||||
| Total Liabilities | 95.03M | 108.30M | 89.43M | 22.05M | 28.47M | 17.08M |
| Common Stock | 3.00K | 3.00K | 3.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 121.80M | 121.84M | 74.20M | 72.10M | 71.52M | 70.58M |
| Retained Earnings | -41.50M | -45.21M | -60.34M | -66.31M | -66.39M | -66.31M |
| Treasury Stock | -6.73M | -2.25M | -2.21M | -2.07M | ||
| Shareholders' Equity | 80.30M | 76.64M | 7.14M | 3.55M | 2.93M | 2.20M |
| Total Liabilities & Equity | 175.32M | 184.94M | 96.57M | 25.60M | 31.41M | 19.28M |
| Total Debt | 38.77M | 41.64M | 32.71M | 4.32M | 4.78M | 7.61M |
| Net Cash (Debt) | 28.91M | 43.87M | -9.48M | 7.51M | 15.62M | 387.00K |
| Net Cash Per Share | 1.00 | 1.61 | -0.38 | 0.34 | 0.78 | 0.02 |
| Filing Date Shares Outstanding | 28.22M | 27.77M | 25.03M | 21.77M | 21.54M | 18.87M |
| Total Common Shares Outstanding | 28.20M | 27.59M | 23.40M | 21.77M | 21.54M | 18.86M |
| Working Capital | 40.74M | 46.06M | 1.28M | 893.00K | 247.00K | -310.00K |
| Book Value Per Share | 2.85 | 2.78 | 0.31 | 0.16 | 0.14 | 0.12 |
| Tangible Book Value | 79.52M | 75.86M | 6.36M | 2.77M | 2.12M | 1.30M |
| Tangible Book Value Per Share | 2.82 | 2.75 | 0.27 | 0.13 | 0.10 | 0.07 |
| Machinery | 8.44M | 7.87M | 3.27M | 2.76M | 2.59M | 2.29M |
| Construction In Progress | 8.68M | 6.70M | ||||
| Leasehold Improvements | 35.59M | 34.64M | 2.33M | 1.05M | 964.00K | 725.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 14.37M | 15.12M | 5.98M | 74.00K | -73.00K | -1.30M |
| Depreciation & Amortization | 5.26M | 3.77M | 608.00K | 320.00K | 383.00K | 536.00K |
| Other Amortization | 90.00K | 62.00K | 22.00K | 61.00K | ||
| Loss (Gain) From Sale of Assets | 675.00K | 658.00K | ||||
| Stock-Based Compensation | 4.20M | 3.96M | 1.24M | 581.00K | 530.00K | 469.00K |
| Other Operating Activities | 1.65M | 2.38M | 851.00K | 662.00K | 80.00K | |
| Change in Accounts Receivable | 3.89M | 1.54M | -12.22M | -1.86M | -557.00K | -698.00K |
| Change in Inventory | -2.37M | 1.31M | -15.33M | -1.48M | -15.00K | -650.00K |
| Change in Accounts Payable | -33.61M | -1.64M | 38.98M | -7.25M | 14.60M | -6.36M |
| Change in Unearned Revenue | -784.00K | 10.54M | 14.00K | 1.29M | -377.00K | -1.60M |
| Change in Other Net Operating Assets | 4.47M | 5.08M | -4.82M | -600.00K | 199.00K | -991.00K |
| Operating Cash Flow | -9.40M | 34.86M | 15.30M | -8.27M | 14.71M | -10.45M |
| Capital Expenditures | -11.57M | -32.74M | -8.48M | -257.00K | -536.00K | -64.00K |
| Investing Cash Flow | -11.57M | -32.74M | -8.48M | -257.00K | -536.00K | -64.00K |
| Long-Term Debt Issued | 16.33M | 8.20M | ||||
| Total Debt Issued | 5.00M | 16.33M | 8.20M | |||
| Long-Term Debt Repaid | -6.58M | -2.04M | -352.00K | |||
| Total Debt Repaid | -8.55M | -6.58M | -2.04M | -352.00K | ||
| Net Debt Issued (Repaid) | -3.55M | 9.75M | 8.20M | -2.04M | -352.00K | |
| Issuance of Common Stock | 55.39M | 55.32M | 863.00K | 408.00K | 45.00K | |
| Repurchase of Common Stock | -3.20M | -4.90M | -4.49M | -40.00K | -134.00K | -197.00K |
| Financing Cash Flow | 48.63M | 60.17M | 4.58M | -40.00K | -1.77M | -504.00K |
| Net Cash Flow | 27.65M | 62.29M | 11.39M | -8.57M | 12.40M | -11.02M |
| Free Cash Flow | -20.98M | 2.12M | 6.81M | -8.53M | 14.18M | -10.52M |
| Free Cash Flow Margin | -10.85% | 0.86% | 4.60% | -15.67% | 46.27% | -38.37% |
| Free Cash Flow Per Share | -0.73 | 0.08 | 0.27 | -0.39 | 0.71 | -0.57 |
| Levered Free Cash Flow | -27.64M | -6.25M | 9.40M | -7.70M | 14.44M | -9.51M |
| Unlevered Free Cash Flow | -26.92M | -5.91M | 9.40M | -7.70M | 15.00M | -9.30M |
| Cash Interest Paid | 1.04M | 423.00K | 944.00K | 154.00K | ||
| Cash Income Tax Paid | 189.00K | 172.00K | 79.00K | 47.00K | 43.00K | 62.00K |
| Change in Working Capital | -35.65M | 8.92M | 6.63M | -9.91M | 13.85M | -10.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 190.20M | 203.93M | 266.53M | 5.83M | 11.42M | 8.19M |
| Enterprise Value | 161.28M | 174.59M | 223.95M | -18.39M | 6.91M | -1.37M |
| Last Close Price | 6.74 | 7.07 | 11.86 | 0.27 | 0.56 | 0.45 |
| PE Ratio | 13.30 | 13.48 | 44.60 | 78.83 | ||
| Forward PE | 19.82 | 47.13 | ||||
| PS Ratio | 0.98 | 0.83 | 1.80 | 0.11 | 0.37 | 0.30 |
| PB Ratio | 2.37 | 2.66 | 37.34 | 1.64 | 3.89 | 3.72 |
| P/TBV Ratio | 2.39 | 2.69 | 41.92 | 2.11 | 5.39 | 6.31 |
| P/FCF Ratio | 96.19 | 39.12 | 0.81 | |||
| P/OCF Ratio | 5.85 | 17.43 | 0.78 | |||
| EV/Sales Ratio | 0.83 | 0.71 | 1.51 | 0.23 | ||
| EV/EBITDA Ratio | 11.00 | 12.12 | 24.58 | 5.33 | ||
| EV/EBIT Ratio | 17.16 | 16.41 | 26.34 | 7.56 | ||
| EV/FCF Ratio | 82.35 | 32.87 | 0.49 | |||
| Debt / Equity Ratio | 0.48 | 0.54 | 4.58 | 1.22 | 1.63 | 3.45 |
| Debt / EBITDA Ratio | 2.02 | 2.20 | 3.04 | 1.31 | 2.17 | 11.52 |
| Debt / FCF Ratio | 19.64 | 4.80 | 0.34 | |||
| Net Debt / Equity Ratio | -0.36 | -0.57 | 1.33 | -2.12 | -5.32 | -0.18 |
| Net Debt / EBITDA Ratio | -1.97 | -3.05 | 1.04 | -3.63 | -12.04 | 1.31 |
| Net Debt / FCF Ratio | 1.38 | -20.70 | 1.39 | 0.88 | -1.10 | 0.04 |
| Asset Turnover | 1.23 | 1.75 | 2.42 | 1.91 | 1.21 | 1.27 |
| Inventory Turnover | 9.92 | 12.53 | 12.57 | 27.08 | 25.34 | 40.32 |
| Quick Ratio | 1.32 | 1.39 | 0.71 | 0.91 | 0.97 | 0.86 |
| Current Ratio | 1.66 | 1.64 | 1.02 | 1.05 | 1.01 | 0.97 |
| Return on Equity (ROE) | 31.99% | 36.11% | 111.84% | 2.28% | -2.84% | -48.16% |
| Return on Assets (ROA) | 3.73% | 4.72% | 8.70% | 3.84% | 2.25% | -2.41% |
| Return on Invested Capital (ROIC) | 18.02% | 43.09% | 49.84% | -45.76% | ||
| Return on Capital Employed (ROCE) | 8.30% | 9.50% | 21.40% | 24.40% | 12.60% | -11.60% |
| Earnings Yield | 7.52% | 7.42% | 2.24% | 1.27% | -0.64% | -15.84% |
| FCF Yield | -11.03% | 1.04% | 2.56% | -146.15% | 124.12% | -128.45% |
| Buyback Yield / Dilution | -9.13% | -8.56% | -13.87% | -9.77% | -9.25% | 12.51% |