TSS, Inc. filings document a data center services business focused on AI and high-performance computing infrastructure and software integration. Its 8-K reports include operating results and Regulation G disclosures for non-GAAP measures, with segment references to Procurement, Systems Integration, and Facilities Management.
The company’s SEC record also covers proxy governance matters, including director elections and auditor ratification, board appointments and related equity compensation, and material financing disclosures. Credit-agreement filings for wholly owned subsidiary VTC, L.L.C. document term loan obligations, amendments, and the use of debt financing for capital expenditure needs.
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.
TSS, Inc. Chief Operating Officer Karl Todd Marrott reported a tax-related share disposition. On 2026-02-24, he surrendered 8,117 shares of TSS common stock at a reference price of $8.45 per share to satisfy tax withholding obligations tied to vesting restricted stock awards.
According to the filing, this was a tax-withholding disposition rather than an open-market sale. After the transaction, Marrott directly owned 286,545 shares of TSS common stock.
TSS, Inc. Chief Executive Officer and director Dewan Darryll E reported a Form 4 transaction involving company common stock. On January 29, 2026, he surrendered 25,960 shares of common stock at $11.20 per share to TSS, Inc. to cover tax withholding tied to vesting restricted stock awards.
After this tax-related share surrender, he reported owning 599,471 common shares directly. An additional 5,000 common shares are reported as indirectly owned, held by his spouse.
TSS, Inc. reported that BlackRock, Inc. has filed as a passive institutional investor in its common stock. As of 12/31/2025, BlackRock beneficially owned 1,523,485 TSS shares, representing 5.3% of the outstanding common stock. BlackRock had sole voting power over 1,503,531 shares and sole dispositive power over 1,523,485 shares, with no shared voting or dispositive authority. The shares are held in the ordinary course of business and are not intended to change or influence control of TSS, Inc.
TSS, Inc. Chief Executive Officer and director Dewan Darryll E reported an automatic share disposition tied to equity compensation. On January 16, 2026, he surrendered 26,903 shares of common stock at $12.05 per share back to the company to cover tax withholding obligations arising from the vesting of restricted stock awards, rather than selling shares in the open market. Following this transaction, he directly beneficially owned 625,431 shares of TSS common stock and indirectly held an additional 5,000 shares through his spouse.