Every 10-Q that TSS, Inc. (TSSI) 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 TSSI 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 TSSI filings page.
TSS, Inc. reported lower results for the quarter and six months ended June 30, 2026 while remaining profitable. Total revenues were $35.1 million for the quarter and $90.5 million for the first half of 2026, down from $44.0 million and $142.9 million a year earlier, mainly due to reduced procurement activity.
Net income was $1.4 million for the quarter and $3.7 million year‑to‑date, compared with $1.5 million and $4.5 million in the prior‑year periods; diluted EPS was $0.05 for the quarter and $0.13 for the first half. Despite lower revenue, gross profit for the first half was broadly stable at $16.8 million, helped by growth in systems integration and facilities management, including AI rack integration and new warehousing and logistics services.
Operating cash flow declined to $(7.3) million from $37.0 million, reflecting working‑capital swings and lower deferred revenue. Cash, cash equivalents and restricted cash totaled $69.5 million with long‑term debt of $16.4 million$115 million, and a single U.S.-based IT OEM accounted for 99% of revenue and 100% of receivables.
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 Q1 2026 revenue of $55.3 million, down from $99.0 million a year earlier, mainly because prior-year procurement activity was unusually high. Systems integration revenue nearly doubled to $14.1 million, driven by AI-enabled rack integration under a long-term agreement with its largest OEM customer.
Net income was $2.3 million versus $3.0 million last year, as lower procurement volume and higher operating costs more than offset AI integration growth. Cash, cash equivalents and restricted cash totaled $67.8 million at March 31, 2026, down from $85.5 million at year-end, mainly due to working capital swings and debt repayment.
The company remains highly concentrated: one U.S.-based IT OEM generated 99% of Q1 2026 revenue and 88% of receivables. TSS is investing heavily in its Georgetown, Texas integration facility, supported by a $20.0 million term loan and a long-term AI rack integration agreement that includes minimum payments and extended term.
TSS, Inc. (TSSI) reported a Q3 2025 net loss as it scaled its new AI-focused integration facility. Total revenue was $41.9 million versus $70.1 million a year ago, driven by lower procurement activity, while systems integration rose. Gross profit was $4.6 million and the company posted an operating loss of $0.9 million, resulting in a net loss of $1.5 million (diluted EPS -$0.06), compared with net income of $2.6 million (EPS $0.10) in Q3 2024.
For the nine months, revenue reached $184.8 million, up from $98.1 million, and net income was $3.0 million. Cash and cash equivalents were $70.7 million, with an additional $5.0 million in restricted cash. Stockholders’ equity increased to $63.4 million, reflecting an August issuance of 3,450,000 shares that raised $55.3 million net. Deferred revenues rose to $12.1 million, largely tied to procurement and integration services.
The company completed borrowings under its Susser Bank credit agreement, including a $5.0 million accordion, and invested heavily in facility power and cooling, which added $1.0 million of depreciation to cost of revenues this quarter. Customer concentration remains high, with a US-based IT OEM representing 99% of Q3 revenue and accounts receivable.
TSS, Inc. reported a sharp revenue increase to $43.97 million for the quarter ended June 30, 2025, driven by a surge in procurement ($33.00M) and growth in systems integration ($9.49M) related to AI-enabled rack work. Gross profit was $7.82 million (about 18% margin) versus $4.54M (about 37%) a year earlier. Net income for the quarter was $1.48 million and for the six months was $4.46 million, with basic six‑month EPS of $0.19. Cash and restricted cash totaled $41.84 million at June 30, 2025, up from $23.22M year-end.
The company invested heavily in a new Georgetown, TX facility (approximately $31.6 million of improvements through June 30, 2025), financed primarily by a $20.0 million term loan fully drawn by June 30, 2025 that converted to an amortizing loan on July 5, 2025 with monthly payments of ~$437,000. Material concentration remains: a single US-based OEM accounted for 98% of revenue and 98% of receivables. The company was in compliance with loan covenants at June 30, 2025.