TSS, Inc. SEC Filings

TSS, Inc. reported continued profitability for the quarter ended June 30, 2026, but with materially lower volume. Total revenues were $35.1M for the quarter and $90.5M for the first six months, down from the prior-year periods, largely due to a sharp decline in lower‑margin procurement activity.

Despite lower sales, gross profit held roughly flat year to date at $16.8M, and net income for the first half was $3.71M with diluted EPS of $0.13. Systems integration and facilities management revenues grew, supported by AI rack integration and a new warehousing and logistics arrangement that generated $0.29M of operating lease income in the quarter. Cash, cash equivalents and restricted cash totaled $69.5M versus $41.8M a year earlier, against term debt of $16.4M, and remaining performance obligations of about $115M provide multi‑year revenue visibility. However, operating cash flow turned negative $7.30M for the first half as deferred revenue and payables declined, and approximately 99% of revenue and 100% of receivables remained concentrated in a single US‑based IT OEM customer.

TSS, Inc. reported second quarter 2026 results that highlight a continued shift toward higher margin AI-focused services. Total revenue was $35.1 million, with systems integration revenue of $13.9 million, up 46% year-over-year, and facilities management revenue of $2.7 million, up 84%. Systems integration accounted for 39% of total revenue versus 22% a year earlier, while procurement revenue declined to $18.2 million from $33.0 million as lower-margin activity was reduced.

Gross profit rose 11% to $8.0 million, pre-tax income increased 19% to $1.8 million, and Adjusted EBITDA grew 12% to $4.5 million. Net income was $1.4 million, with diluted EPS of $0.05. For the first six months of 2026, systems integration revenue increased 65% to $28.0 million and Adjusted EBITDA rose 5% to $9.8 million, despite sharply lower procurement revenues. The company began deploying a planned ~$17 million investment to support next generation AI data center technology and reiterated its 2026 Adjusted EBITDA outlook at the upper end of the $20 million–$22 million range.

BlackRock, Inc. reports beneficial ownership of common stock of TSS, INC. in this amended Schedule 13G filing. BlackRock states beneficial ownership of 1,874,727 shares of TSS common stock, representing 6.7% of the outstanding class as of June 30, 2026.

BlackRock reports sole voting power over 1,846,961 shares and sole dispositive power over 1,874,727 shares, with no shared voting or dispositive power. The filing explains that these securities are held across certain BlackRock business units, and that various underlying persons have rights to dividends or sale proceeds, but no single such person holds more than five percent of TSS’s outstanding common shares.

TSS, Inc. Chief Operating Officer Karl Todd Marrott reported a tax-related share disposition in company stock. On 2026-06-27, he surrendered 49,188 shares of Common Stock at $11.32 per share to cover tax withholding obligations tied to the vesting of restricted stock.

This was a tax-withholding disposition, not an open-market sale or discretionary trade. After this transaction, Marrott directly holds 403,447 shares of TSS, Inc. common stock, indicating he retains a substantial equity position in the company.

TSS, Inc. reported the results of its annual stockholder meeting held on June 4, 2026. Stockholders elected two Class III directors to new three-year terms ending in 2029 and ratified the company’s independent public accounting firm for the 2026 fiscal year.

For the board elections, Peter Woodward received 7,367,946 votes for and 1,294,246 withheld, with 9,579,122 broker non-votes. Vivek Mohindra received 8,552,439 votes for and 109,753 withheld, with the same 9,579,122 broker non-votes. Stockholders also ratified BDO USA, P.C. as auditor with 18,165,551 votes for, 39,358 against, and 36,405 abstentions.

Entities associated with TSS, Inc. director Peter H. Woodward reported open-market sales of a combined 300,000 shares of TSS common stock. MHW SPV II, LLC sold 100,000 shares at a weighted average price of $15.48 per share, and MHW Partners, L.P. sold 200,000 shares at a weighted average price of $16.07 per share, with individual trades executed between $15.50 and $17.00. The filing states these shares are owned by the respective entities, where Woodward serves as manager or general partner and disclaims beneficial ownership except for his pecuniary interest. After these transactions, the reported indirect holdings include 1,114,061 shares through MHW SPV II, LLC and 983,521 shares through MHW Partners, L.P., plus additional indirect holdings of 885,714 shares subject to a performance-related fee and 21,700 shares through MHW Capital Management, LLC, along with 19,358 shares held directly.

TSS, Inc. Senior Vice President Brennan Kieran reported an open‑market sale of 10,000 shares of Common Stock. The shares were sold at a weighted average price of $16.0014 per share in multiple transactions priced between $16.00 and $16.02.

Following this sale, Kieran directly holds 271,333 shares of TSS, Inc. Common Stock. The filing notes that detailed trade-by-trade pricing information within the stated range is available upon request.

TSS, Inc. disclosure: Jane Street Group, LLC and its subsidiaries report beneficial ownership of 1,466,261 shares of Common Stock, representing 5.2% of the class. The filing attributes shared voting and dispositive power over those 1,466,261 shares to the reporting group.

The cover lists two subsidiary holders: Jane Street Capital, LLC (758,036 shares, 2.7%) and Jane Street Global Trading, LLC (708,225 shares, 2.5%), each shown with shared voting and dispositive power. The filing is signed by Jeremy Kahn.