Welcome to our dedicated page for Tss Del SEC filings (Ticker: TSSI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The TSS, Inc. (NASDAQ:TSSI) SEC filings page provides access to the company’s official regulatory disclosures, including current reports on Form 8-K and registration-related documents. TSS is a data center services company focused on AI and high-performance computing (HPC) infrastructure and software integration, and its filings offer detailed insight into how it reports financial results, financing activities and governance changes.
Form 8-K filings from TSS often furnish press releases that report quarterly financial results, including revenue broken out across Procurement, Systems Integration and Facilities Management segments. These filings also describe the use of non-GAAP measures such as Adjusted EBITDA and reference reconciliations to the most directly comparable GAAP metrics contained in the attached press releases.
Other 8-K reports document material definitive agreements, such as credit agreements and amendments that add incremental term loans used to support capital expenditures and align long-term investments with long-term debt financing. Filings also cover equity offerings made under a shelf registration statement on Form S-3, including underwritten public offerings of common stock for general corporate purposes like working capital and growth capital.
Corporate governance updates appear in TSS filings as well, including the appointment of new directors with technology and AI transformation experience, along with details on option grants and cash retainers for board service. Through Stock Titan, users can review these filings alongside AI-powered summaries that highlight key terms, financial impacts and governance changes, helping to interpret lengthy documents such as earnings-related 8-Ks and registration materials more efficiently.
TSS, Inc. Chief Financial Officer Daniel M. Chism reported routine equity compensation activity involving restricted stock and related tax withholding. He acquired 5,000 shares of common stock at no cost as a grant tied to previously achieved financial performance criteria. These restricted shares vest in two equal installments of 2,500 shares, with 2,500 shares vesting on March 23, 2026 and 2,500 shares scheduled to vest on January 1, 2027, subject to forfeiture if employment conditions are not met. To cover tax obligations from the vesting of restricted stock awards, 609 shares of common stock were surrendered back to the company at a value of $12.40 per share, a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Chism directly holds 363,215 shares of TSS, Inc. common stock.
TSS, Inc. Senior Vice President Kieran Brennan reported routine equity compensation activity involving company common stock. He acquired 2,500 shares through the vesting of restricted stock tied to financial performance goals that were achieved. Of these, 1,250 shares vested on March 23, 2026, and 1,250 shares are scheduled to vest on January 1, 2027, contingent on continued employment and subject to forfeiture.
In a related tax-withholding step, 304 shares were surrendered back to the company at $12.40 per share to satisfy tax obligations arising from the vesting. After these transactions, Brennan directly holds 281,333 shares of TSS common stock.
Dewan Darryll E reported acquisition or exercise transactions in this Form 4 filing.
TSS, Inc. Chief Executive Officer Darryll E. Dewan received a grant of 5,000 shares of common stock as a performance-based stock award. The grant reflects financial performance criteria that have been achieved. Following the award, he holds 604,471 shares directly and 5,000 shares indirectly through his spouse.
The restricted stock vests in two installments if he remains employed through the vesting dates: 2,500 shares vested on March 23, 2026, and 2,500 shares will vest on January 1, 2027, and can be forfeited if conditions are not met.
TSS, Inc. Chief Operating Officer Karl Todd Marrott reported equity compensation and a related tax share surrender. He received a grant of 5,000 shares of common stock as restricted stock tied to financial performance criteria that have been achieved. According to the vesting schedule, 2,500 shares vested on March 23, 2026, while another 2,500 shares are scheduled to vest on January 1, 2027 and remain subject to forfeiture if employment conditions are not met. In connection with the vesting, Marrott surrendered 609 shares back to the company to satisfy tax withholding obligations, a non-market disposition that does not represent an open-market sale. After these transactions, he holds 290,936 shares of common stock directly.
TSS, Inc. reported strong expansion in 2025, driven by AI-focused systems integration and a rapidly growing procurement business. Total revenues reached $245.7 million, up 66% from 2024, with procurement services contributing $197.5 million and systems integration $40.3 million.
Gross profit rose $10.0 million (45%), though the blended margin slipped to 13% as lower-margin procurement became a larger share of sales. Net income increased to $15.1 million, helped by higher operating income, increased interest income and a $7.6 million tax benefit from releasing most of the valuation allowance on deferred tax assets.
The company invested about $40 million in a new Georgetown, Texas integration facility to support a long-term AI rack integration agreement with its largest OEM customer. This single OEM accounted for 99%, 99% and 96% of revenues in 2025, 2024 and 2023, leaving results highly dependent on that relationship. Cash at year-end was $85.5 million, boosted by $34.9 million operating cash flow, new debt and a $55.3 million equity offering.
TSS, Inc. Senior Vice President Kieran Brennan reported an open-market sale of 12,000 shares of common stock. The weighted average sale price was $12.27 per share, with individual trades executed between $12.10 and $12.50. After this transaction, he directly holds 279,137 shares.
TSS, Inc. delivered strong growth in 2025, with full-year revenue of $246 million, up 66%, and diluted EPS of $0.56, up from $0.24, a 133% increase. Net income rose to $15.1 million, up 153%, and Adjusted EBITDA reached $18.6 million, up 83%, showing improved profitability.
In the fourth quarter, revenue was $60.9 million, with procurement at $43.2 million, systems integration at $14.2 million, and facilities management at $3.5 million. Quarterly net income climbed to $12.2 million, up 536%, and diluted EPS was $0.41.
The company amended and extended its long-term AI rack integration agreement with its largest customer by two years. For 2026, management expects record growth in systems integration, targeting Adjusted EBITDA between $20 million and $22 million, supported by an anticipated doubling of AI rack integration volumes.
TSS, Inc. reported strong growth for 2025, with full-year revenue of $246 million, up 66%, and diluted EPS of $0.56, up from $0.24. Net income rose to $15.1 million, an increase of 153%, and full-year Adjusted EBITDA reached $18.6 million, up 83%.
By segment, 2025 procurement revenue was $197.5 million (up 68%), systems integration revenue was $40.3 million (up 78%), while facilities management revenue was $7.9 million, down slightly. In the fourth quarter, systems integration and facilities management both more than doubled versus the prior year period.
The company extended and amended its long-term AI rack integration agreement with its largest customer, adding two more years to the term. For 2026, TSS projects Adjusted EBITDA between $20 million and $22 million, based on expectations of doubling rack integration volumes alongside a more conservative outlook for procurement and facilities management.
TSS, Inc. Senior Vice President Kieran Brennan reported a Form 4 transaction involving company common stock. On the reported date, he disposed of 9,019 shares at $8.45 per share by surrendering them to the company to cover tax withholding on vesting restricted stock awards. After this tax-withholding disposition, he directly owned 291,137 common shares.