TSS, Inc.
Business
TSS, Inc. provides systems integration, facilities management, and procurement services for complex IT infrastructure including data centers, modular data centers, and edge computing environments. The company integrates AI-enabled server racks, configures hardware and software, designs and deploys mission-critical facilities, and sources third-party IT equipment and services. TSS serves enterprise customers and technology OEMs primarily through a strategic relationship with a Fortune 100 IT company, with operations centered in Georgetown, Texas.
Summary from 10-K filed 2026-03-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Procurement | 197 | 118 | 39 | — | — | |
| Facilities management | 8 | 8 | 7 | — | — | |
| System integration | 40 | 23 | 9 | — | — | |
| Total revenues | 246 | 148 | 54 | — | — | |
| Cost of revenues | 211 | 126 | 43 | — | — | |
| Cost of revenues - depreciation and amortization | 3 | 0 | 0 | — | — | |
| Total cost of revenues | 213 | 126 | 43 | 22 | 21 | |
| Gross profit | 32 | 22 | 11 | 9 | 6 | |
| Selling, general and administrative | 21 | 13 | 9 | 8 | 7 | |
| Depreciation and amortization | 1 | 608,000 | 320,000 | — | — | |
| Bank factoring fees | 4 | 3 | 2 | — | — | |
| Loss on sale or disposal of assets | 658,000 | 0 | 0 | — | — | |
| Total operating expenses | 26 | 17 | 11 | — | — | |
| Income (loss) from operations | 6 | 6 | −221,000 | 914,000 | −831,000 | |
| Interest expense | 651,000 | 0 | 355,000 | — | — | |
| Interest income | −2 | −562,000 | 0 | — | — | |
| Other expense (income) | −205,000 | 194,000 | 0 | — | — | |
| Pre-tax income | 8 | 6 | 134,000 | −17,000 | −1 | |
| Income tax expense (benefit) | −8 | 158,000 | 60,000 | 56,000 | 65,000 | |
| Net income | 15 | 6 | 74,000 | −73,000 | −1 | |
| Earnings per common share - Basic | 0.61 | 0.27 | 0 | 0 | −0.07 | |
| Earnings per common share - Diluted | 0.56 | 0.24 | 0 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 86 | 23 | 12 | 20 | 8 | |
| Contract and other receivables, net of allowance of $0.0 and $7.0 | 13 | 16 | 4 | 3 | 2 | |
| Costs and estimated earnings in excess of billings on uncompleted contracts | 3 | 851,000 | 1 | 231,000 | 573,000 | |
| Inventories, net | 16 | 18 | 2 | 862,000 | 847,000 | |
| Prepaid expenses and other current assets | 2 | 248,000 | 302,000 | 175,000 | 550,000 | |
| Total current assets | 119 | 58 | 19 | 24 | 12 | |
| Property and equipment, net | 38 | 9 | 628,000 | 587,000 | 281,000 | |
| Lease right-of-use asset | 15 | 24 | 4 | 5 | 6 | |
| Goodwill | 780,000 | 780,000 | 780,000 | 800,000 | 800,000 | |
| Deferred tax asset, net | 8 | 0 | — | — | — | |
| Other assets | 4 | 5 | 817,000 | 877,000 | 720,000 | |
| Total assets | 185 | 97 | 26 | 31 | 19 | |
| Accounts payable | 46 | 36 | 14 | 22 | 7 | |
| Accrued expenses and other current liabilities | 6 | 18 | — | — | — | |
| Deferred revenues, current | 14 | 3 | 3 | — | — | |
| Long-term debt, current | 4 | 0 | — | 0 | 2 | |
| Lease liabilities, current | 2 | 966,000 | 688,000 | 467,000 | 644,000 | |
| Total current liabilities | 73 | 57 | 18 | 24 | 12 | |
| Long-term debt, net, non-current | 14 | 8 | 0 | — | — | |
| Lease liabilities, non-current | 22 | 24 | 4 | 4 | 5 | |
| Deferred revenues, non-current | 0 | 771,000 | 0 | — | — | |
| Other non-current liabilities | 100,000 | 0 | — | — | — | |
| Total non-current liabilities | 36 | 33 | 4 | — | — | |
| Total liabilities | 108 | 89 | 22 | 28 | 17 | |
| Preferred stock, $0.0001 par value; 1,000 shares authorized; none issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.0001 par value; 49,000 shares authorized; 27,593 and 25,250 issued; 27,593 and 23,107 outstanding at December 31, 2025 and December 31, 2024, respectively | 3,000 | 3,000 | 2,000 | 2,000 | 2,000 | |
| Additional paid-in capital | 122 | 74 | 72 | 72 | 71 | |
| Treasury stock, at cost; no shares at December 31, 2025 and 1,849 shares at December 31, 2024 | 0 | −7 | −2 | −2 | −2 | |
| Accumulated deficit | −45 | −60 | −66 | −66 | −66 | |
| Total stockholders' equity | 77 | 7 | 4 | 3 | 2 | |
| Total liabilities and stockholders' equity | 185 | 97 | 26 | 31 | 19 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 15 | 6 | 74,000 | — | — | |
| Depreciation and amortization | 4 | 608,000 | 320,000 | — | — | |
| Stock-based compensation | 4 | 1 | 581,000 | 530,000 | 469,000 | |
| Provision for inventory reserve | 398,000 | 0 | 0 | — | — | |
| Amortization of debt issuance costs | 62,000 | 0 | 0 | — | — | |
| Non-cash lease expense | 2 | 851,000 | 662,000 | — | — | |
| Contract and other receivables | 4 | −13 | −782,000 | — | — | |
| Costs and estimated earnings in excess of billings on uncompleted contracts | −2 | 459,000 | −1 | — | — | |
| Inventories | 1 | −15 | −1 | −15,000 | −650,000 | |
| Prepaid expenses and other assets | −1 | −4 | −136,000 | 156,000 | −927,000 | |
| Deferred tax assets | −8 | 0 | 0 | — | — | |
| Right-of-use assets | 131,000 | −21 | −7,000 | — | — | |
| Accounts payable and accrued expenses | −2 | 39 | −7 | 15 | −6 | |
| Deferred revenues | 11 | 14,000 | 1 | — | — | |
| Operating lease liabilities | 6 | 20 | −457,000 | — | — | |
| Other non-current liabilities | 100,000 | 0 | 0 | — | — | |
| Net cash provided by (used in) operating activities | 35 | 15 | −8 | 15 | −10 | |
| Capital expenditures | −33 | −8 | −257,000 | 536,000 | −64,000 | |
| Net cash used in investing activities | −33 | −8 | −257,000 | −536,000 | −64,000 | |
| Proceeds from issuance of long-term debt | 16 | 8 | 0 | — | — | |
| Repayments of long-term debt | −7 | 0 | 0 | −2 | −352,000 | |
| Proceeds from exercise of stock options | 17,000 | 863,000 | 0 | — | — | |
| Proceeds from stock issuance, net of offering costs | 55 | 0 | 0 | — | — | |
| Repurchase of treasury stock | −5 | −4 | −40,000 | −134,000 | −197,000 | |
| Net cash provided by (used in) financing activities | 60 | 5 | −40,000 | −2 | −504,000 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 62 | 11 | −9 | — | — | |
| Cash paid for interest, net of amounts capitalized | 423,000 | 0 | 0 | 944,000 | 154,000 | |
| Cash paid for bank factoring fees | 4 | 3 | 2 | — | — | |
| Federal | 0 | 0 | 0 | — | — | |
| Texas | 172,000 | 79,000 | 47,000 | — | — | |
| Total cash paid for taxes | 172,000 | 79,000 | 47,000 | — | — | |
| Additions to capital expenditures financed with accounts payable | 935,000 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is TSS, Inc.'s CIK number?
TSS, Inc.'s SEC CIK number is 0001320760 (1320760). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find TSS, Inc.'s SEC filings?
All of TSS, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did TSS, Inc. last report earnings?
TSS, Inc. (TSSI) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001654954-26-004536). This is TSS, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is TSS, Inc.'s most recent earnings 8-K?
TSS, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001654954-26-004536. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View TSS, Inc.'s latest earnings 8-K →
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