Data Storage Corp
Business
Data Storage Corporation operates Nexxis, a telecommunications and data solutions provider delivering fully managed business voice, internet, data transport, and SD-WAN communication services nationwide. The company serves healthcare, professional services, financial services, manufacturing, and distributed enterprise markets with integrated voice and data architecture, multi-carrier redundancy, and 24/7 managed support. Following the September 2025 sale of its CloudFirst cloud-hosting business, Data Storage is focused on managing and acquiring synergetic technology companies in complementary high-growth sectors including AI-enabled SaaS, GPU infrastructure, and cybersecurity.
Summary from 10-K filed 2026-04-14
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 |
|---|---|---|---|---|---|---|
| Sales | 1 | 1 | 25 | 24 | 15 | |
| Cost of sales | 768,605 | 691,998 | 15 | 16 | 8 | |
| Gross profit | 614,324 | 527,249 | 10 | 8 | 6 | |
| Selling, general and administrative | 4 | 4 | 10 | 10 | 7 | |
| Loss from operations | −4 | −3 | −168,411 | −4 | −767,072 | |
| Interest income | 850,371 | 592,819 | 542,229 | 10,969 | — | |
| Loss from continuing operations before income taxes | −3 | −3 | 299,316 | −4 | −139,710 | |
| (Benefit) provision for income taxes | −2 | 39,031 | — | — | 399,631 | |
| Loss from continuing operations, net of tax | −866,195 | −3 | — | — | — | |
| (Loss) income from discontinued operations, net of tax | −37,518 | 3 | — | — | — | |
| Gain on sale of discontinued operation, net of tax | 20 | — | — | — | — | |
| Income from discontinued operations, net of tax | 20 | 3 | — | — | — | |
| Net income | 19 | 513,072 | 299,316 | −4 | 259,921 | |
| (Income) loss in non-controlling interest of consolidated subsidiary | −10,268 | 10,142 | 82,259 | 52,061 | 7,923 | |
| Net income attributable to common stockholders | 19 | 523,214 | — | −4 | 204,161 | |
| Loss per share from continuing operations basic | −0.12 | −0.4 | — | — | — | |
| Loss per share from continuing operations diluted | −0.12 | −0.4 | — | — | — | |
| Earnings per share from discontinued operations basic | 2.76 | 0.47 | — | — | — | |
| Earnings per share from discontinued operations diluted | 2.76 | 0.47 | — | — | — | |
| Earnings per share attributable to common stockholders basic | 2.64 | 0.08 | 0.06 | −0.64 | 0.04 | |
| Earnings per share attributable to common stockholders diluted | 2.64 | 0.08 | 0.05 | −0.64 | 0.03 | |
| Weighted average number of shares basic | 7 | 7 | 7 | 7 | 5 | |
| Weighted average number of shares diluted | 7 | 7 | 7 | 7 | 6 |
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 | 2 | 1 | 1 | 2 | 12 | |
| Accounts receivable, net of allowance for expected credit losses of $648 and $767 in 2025 and 2024, respectively | 34,605 | 59,018 | 1 | 4 | 2 | |
| Escrow funds receivable | 2 | — | — | — | — | |
| Marketable securities | 39 | 11 | 11 | 9 | — | |
| Prepaid expenses and other current assets | 98,843 | 118,538 | 513,175 | 584,666 | 536,401 | |
| Current assets of discontinued operations | — | 3 | — | — | — | |
| Total current assets | 43 | 15 | 15 | 15 | 15 | |
| Property and equipment, net | 16,866 | 6,077 | 8 | 7 | 7 | |
| Other long-term assets | 378,682 | 137,077 | — | — | — | |
| Non-current assets of discontinued operations | — | 10 | — | — | — | |
| Total assets | 43 | 25 | 23 | 24 | 26 | |
| Accounts payable and accrued expenses | 842,473 | 588,590 | 3 | 3 | 1 | |
| Payable to purchaser of discontinued operations | 15,889 | — | — | — | — | |
| Income taxes payable | 1 | — | — | — | — | |
| Current liabilities of discontinued operations | — | 3 | — | — | — | |
| Total current liabilities | 2 | 4 | 4 | 5 | 3 | |
| Deferred tax liability - non-current | 312,334 | 39,031 | 0 | — | — | |
| Non-current liabilities of discontinued operations | — | 523,070 | — | — | — | |
| Total long-term liabilities | 312,334 | 562,101 | 37,938 | 609,255 | 748,422 | |
| Total liabilities | 2 | 4 | 4 | 5 | 4 | |
| Preferred stock, par value $0.001; 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and 2024 | — | — | — | — | — | |
| Common stock, par value $0.001; 250,000,000 shares authorized; 7,792,267 and 7,045,108 shares issued and outstanding at December 31, 2025 and 2024, respectively | 7,793 | 7,045 | 6,881 | 6,822 | 6,694 | |
| Additional paid-in capital | 41 | 40 | 39 | 39 | 38 | |
| Retained earnings (accumulated deficit) | 222,111 | −19 | −20 | −20 | −16 | |
| Accumulated other comprehensive loss | −14,235 | −23,214 | — | — | — | |
| Total Data Storage Corporation stockholders equity | 41 | 21 | 20 | 19 | 23 | |
| Non-controlling interest in consolidated subsidiary | −236,822 | −247,090 | −236,948 | −154,689 | −102,628 | |
| Total stockholders equity | 41 | 21 | 20 | 19 | 23 | |
| Total liabilities and stockholders equity | 43 | 25 | 23 | 24 | 26 |
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 |
|---|---|---|---|---|---|---|
| Loss from continuing operations, net of tax | −866,195 | −3 | — | — | — | |
| Depreciation and amortization | 5,235 | 1,623 | 1 | 1 | 1 | |
| Stock based compensation | 1 | 499,000 | 506,205 | 734,479 | — | |
| Deferred taxes | 273,303 | 39,031 | — | — | — | |
| Provision for credit losses | 6,512 | 601 | — | — | — | |
| Accounts receivable | 17,901 | −29,467 | 2 | −1 | −440,517 | |
| Prepaid expenses and other assets | 83,697 | −24,617 | 71,491 | −48,265 | −169,355 | |
| Accounts payable and accrued expenses | 238,242 | 618 | −598,638 | 2 | −142,233 | |
| Income taxes payable | −2 | — | — | — | — | |
| Changes in assets and liabilities of discontinued operations | −2 | 740,228 | — | — | — | |
| Net cash (used in) provided by operating activities | −3 | 2 | 4 | 663,801 | −360,690 | |
| Capital expenditures | −16,024 | −2,149 | −2 | −127,257 | −455,835 | |
| Net proceeds from sale of discontinued operation | 36 | — | — | — | — | |
| Purchase of marketable securities | −39 | −842,810 | −2 | −9 | — | |
| Sale of marketable securities | 11 | 900,000 | — | — | — | |
| Equity investment | −100,000 | — | — | — | — | |
| Cash used in investing activities of discontinued operations | −787,129 | −2 | — | — | — | |
| Net cash provided by (used in) investing activities | 7 | −2 | −4 | −9 | −6 | |
| Cash settlement of warrants | −2 | — | — | — | — | |
| Costs paid in connection with tender offer and other | −205,607 | — | — | — | — | |
| Proceeds from stock option exercises | 957,997 | 133,005 | 1,699 | 6,934 | — | |
| Cash used in financing activities of discontinued operations | −51,520 | −485,962 | — | — | — | |
| Net cash used in financing activities | −1 | −352,957 | −878,794 | −1 | 18 | |
| Effect of exchange rates on cash | 9,950 | −2,591 | — | — | — | |
| Increase (decrease) in cash and cash equivalents | 2 | −358,633 | −857,992 | — | — | |
| Cash and cash equivalents | 2 | 1 | — | — | — | |
| Escrow funds receivable | 2 | — | — | — | — | |
| Cash, cash equivalents, and restricted cash | 3 | 1 | — | — | — | |
| Cash paid for interest | — | 23,549 | 65,057 | 127,871 | 116,682 | |
| Cash paid for income taxes | 4 | — | — | — | — | |
| Reclassification of warrants from equity to liability | 2 | — | — | — | — | |
| Tender offer costs included in accounts payable and accrued expenses | 70,575 | — | — | — | — | |
| Assets acquired by operating lease related to discontinued operations | — | 647,958 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Data Storage Corp's CIK number?
Data Storage Corp's SEC CIK number is 0001419951 (1419951). 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 Data Storage Corp's SEC filings?
All of Data Storage Corp'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 Data Storage Corp last report earnings?
Data Storage Corp (DTSTW) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001731122-26-000728). This is Data Storage Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Data Storage Corp's most recent earnings 8-K?
Data Storage Corp's latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001731122-26-000728. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Data Storage Corp's latest earnings 8-K →
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