Every 10-Q that Data Storage Corporation (DTST) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DTST and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DTST filings page.
Data Storage Corporation reported small but growing continuing revenues from its Nexxis telecom subsidiary after divesting its cloud solutions business in 2025. Sales from continuing operations were $358,530 for the quarter and $705,237 for the first half of 2026, up 9.3% and 10.1% year over year, with gross margin improving to 47.0% for the quarter and 50.3% for the half.
Despite better margins, the company remains loss‑making. Loss from continuing operations, net of tax, was $1.18 million for the quarter and $1.94 million year‑to‑date, driven largely by a sharp increase in non‑cash stock‑based compensation and higher professional fees. Net loss attributable to common stockholders was $1.23 million for the quarter and $1.86 million for the half, or basic and diluted losses of $0.55 and $0.69 per share, respectively.
Following the $40.0 million sale of the CloudFirst business and a January 2026 tender offer that repurchased 5,625,129 shares for $29.25 million, total assets declined to $11.1 million, with $10.0 million of stockholders’ equity and no long‑term debt. Cash, escrow funds, and marketable securities totaled about $10.3 million of working capital, and management states this should cover at least 12 months of needs. A previously reported material weakness in controls related to complex transactions was remediated by June 30, 2026.
Data Storage Corporation’s first quarter of 2026 reflects its transition to a smaller, telecom-focused business centered on its Nexxis subsidiary after selling the CloudFirst cloud solutions business in 2025. Continuing-operations sales were $346,707, up 10.9% year over year, with gross profit rising to $186,019 and gross margin improving to 53.7% on a more favorable mix and operating leverage.
Higher selling, general and administrative expenses of $1,472,113, driven largely by a $561,408 increase in non-cash stock-based compensation and higher professional fees, led to a loss from continuing operations, net of tax, of $768,258. Including a $148,991 gain related to final post-closing adjustments on the CloudFirst sale, net loss attributable to common stockholders was $631,272, or $(0.20) per share.
The company used proceeds from prior marketable securities holdings, originally funded by the CloudFirst sale, to complete a January 2026 tender offer, repurchasing 5,625,129 shares at $5.20 per share for about $29.3 million. This reduced outstanding shares to 2,167,138 and left cash and cash equivalents of $1,614,622 plus $9,571,837 of marketable securities as of March 31, 2026. Working capital was $11,052,387. Management continues to report a previously identified material weakness in internal control over financial reporting related to complex transactions and is pursuing remediation.
Data Storage Corporation reported Q3 2025 results highlighting the completed sale of its Cloud Solutions business for a $40.0 million base price, generating a pre-tax gain of $24.8 million and a net gain of about $17.5 million. Net income attributable to common stockholders was $16.8 million for the quarter and $16.1 million year-to-date, driven almost entirely by this divestiture, while continuing operations (its Nexxis telecom unit) remained unprofitable.
Continuing-operations sales rose to $416,956 in Q3 (up 28.2%), with gross margin improving to 47.6%, but higher non‑cash stock‑based compensation pushed a loss from operations of $1.1 million. As of September 30, 2025, the company held $45.5 million in marketable securities and working capital of $46.7 million, reflecting the cash proceeds from the sale.
The Board plans a tender offer in which it expects to use 85% of cash on hand to repurchase up to 85% of outstanding common shares, and is evaluating additional strategic uses of remaining proceeds, including acquisitions in high‑growth technology sectors. Management disclosed a material weakness in internal control over financial reporting related to accounting and tax analysis for this complex divestiture and outlined remediation steps.