Data center infrastructure services company providing integration, deployment, and facilities services for high-performance computing environments.MoreShow less
Profile & Fundamentals
TSS (TSSI.NASDAQ) Profile & Fundamentals
Review TSS reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
TSS: Company Profile & Ownership
TSS, Inc. engages in the planning, design, deployment, maintenance, and refresh of end-user and enterprise systems in the United States. The company operates through three segments: Procurement, Facilities Management, and Systems Integration. The company offers IT equipment deployment services, including client products, enterprise products, clusters, and modular containers; and second-touch configuration services for OEM and end-user customers, such as adding software, hardware, or other features to end-user devices, bundling such devices with peripherals, pre-loading customer-determined application software, tagging, asset capture, and other fulfillment services. It also provides consulting, deployment, and maintenance and management services. In addition, the company is involved in procuring third-party hardware and software, as well as provides professional services. The company serves IT OEM equipment, technology, and service companies; private sector businesses; and government or commercial end users. The company was formerly known as Fortress International Group, Inc. and changed its name to TSS, Inc. in June 2013. TSS, Inc. was incorporated in 2004 and is based in Georgetown, Texas.
Company profile record
TSS, Inc. Common Stock
Common Stock · Information Technology · IT Consulting & Other Services
Company
- Company / asset
- TSS, Inc. Common Stock
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- IT Consulting & Other Services
- HQ
- 🇺🇸 United States
- Head office
- 1800 Aviation Drive, Georgetown, TX, United States, 78628
Leadership & scale
- Chief executive
- Mr. Darryll E. Dewan
- CEO year born
- 1953
- Full-time employees
- 286
- Fiscal year end
- December
- IPO date
- 2005-07-15
Fundamentals snapshot
- Market Cap
- USD 165.5M
- P/E
- 11.5x
- Revenue (Q2 26)
- USD 35.1M
- Profit (Q2 26)
- USD 1.4M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 245.7M
- Shares in public float
- 21.6M
- Insider ownership
- 4.79%
Reporting & identifiers
- Symbol
- TSSI.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US87288V1017
- Asset ID
- equity_a1a76089-0f91-5394-b7ca-7e3316acac95
TSS: Ownership
Shares Outstanding
Latest: 24.7M | Max: 24.7M | Min: 15.5M
Latest reported ownership snapshot
Float Shares
87.50%
21.6M latest reported shares
Insider Ownership
4.79%
Latest reported insider stake
Short Float
0.18%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 15,492,000 |
| 2018-01-01 | 19,814,300 |
| 2019-01-01 | 17,300,000 |
| 2020-01-01 | 15,925,000 |
| 2021-01-01 | 18,862,000 |
| 2022-01-01 | 21,540,000 |
| 2023-01-01 | 21,771,000 |
| 2024-01-01 | 24,700,000 |
| 2025-01-01 | 24,700,000 |
| 2026-01-01 | 24,700,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 2,322,290 | 8.23% | 2026-06-30 |
| Jane Street Group LLC | 1,047,184 | 3.71% | 2026-06-30 |
| Vanguard Capital Management, LLC | 966,509 | 3.43% | 2026-06-30 |
| iShares Russell 2000 ETF | 689,166 | 2.44% | 2026-10-29 |
| Silvercrest Asset Management Group LLC | 681,700 | 2.42% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 679,327 | 2.41% | 2026-09-30 |
| Geode Capital Management, LLC | 626,884 | 2.22% | 2026-06-30 |
| D. E. Shaw & Co LP | 542,913 | 1.92% | 2026-06-30 |
| Driehaus Capital Management LLC | 536,314 | 1.9% | 2026-06-30 |
| LPL Financial Corp | 486,260 | 1.72% | 2026-06-30 |
| State Street Corp | 484,262 | 1.72% | 2026-06-30 |
| The Goldman Sachs Group Inc | 371,792 | 1.32% | 2026-06-30 |
| Algert Global LLC | 342,405 | 1.21% | 2026-06-30 |
| UBS Group AG | 293,872 | 1.04% | 2026-06-30 |
| Fidelity Small Cap Index | 267,447 | 0.95% | 2026-07-31 |
TSS: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Headline financial results show a confusing divergence that masks genuine operational improvement. For the second quarter of 2026, total revenue fell twenty percent to $35.1 million, but this was caused by a planned forty-five percent decline in low-margin hardware procurement. Meanwhile, high-value systems integration surged forty-six percent to $13.9 million, and facilities management rose eighty-four percent, driving gross profit up eleven percent to $8.0 million. While operating income and adjusted EBITDA both grew, cash flow tells a more demanding story. Trailing twelve-month free cash flow sat at negative $21.0 million due to upfront inventory buffering and facility construction. Additionally, past earnings were flattered by a large non-operating tax adjustment. Investors should focus on post-expansion operating cash conversion rather than headline sales figures.
Headline financial results show a confusing divergence that masks genuine operational improvement. For the second quarter of 2026, total revenue fell twenty percent to $35.1 million, but this was caused by a planned forty-five percent decline in low-margin hardware procurement. Meanwhile, high-value systems integration surged forty-six percent to $13.9 million, and facilities management rose eighty-four percent, driving gross profit up eleven percent to $8.0 million. While operating income and adjusted EBITDA both grew, cash flow tells a more demanding story. Trailing twelve-month free cash flow sat at negative $21.0 million due to upfront inventory buffering and facility construction. Additionally, past earnings were flattered by a large non-operating tax adjustment. Investors should focus on post-expansion operating cash conversion rather than headline sales figures.
Revenue, Net Income, and Free Cash Flow
Latest: USD 245.7M | Max: USD 245.7M | Min: USD -10.5M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 12x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability trends highlight a major structural shift toward higher-value services. Consolidated gross margin surged by 640 basis points year-over-year to 22.8% in the second quarter of 2026, rebounding sharply from lower historical levels. This improvement was driven by product mix: low-margin pass-through procurement shrank, while systems integration expanded to thirty-nine percent of total revenue at gross margins exceeding thirty percent. This margin expansion represents permanent operational repositioning rather than random seasonal variance. As server racks become denser and require complex direct liquid-to-chip plumbing, technical validation commands premium hourly billing. As the Georgetown facility absorbs fixed overhead across higher unit volume, operating margins should continue expanding steadily over the multi-year forecast horizon.
Profitability trends highlight a major structural shift toward higher-value services. Consolidated gross margin surged by 640 basis points year-over-year to 22.8% in the second quarter of 2026, rebounding sharply from lower historical levels. This improvement was driven by product mix: low-margin pass-through procurement shrank, while systems integration expanded to thirty-nine percent of total revenue at gross margins exceeding thirty percent. This margin expansion represents permanent operational repositioning rather than random seasonal variance. As server racks become denser and require complex direct liquid-to-chip plumbing, technical validation commands premium hourly billing. As the Georgetown facility absorbs fixed overhead across higher unit volume, operating margins should continue expanding steadily over the multi-year forecast horizon.
Profitability Margins
Latest: 12.7% | Max: 42.2% | Min: -4.7%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
12.7%
Gross profit / revenue
Operating Margin
4.3%
Operating income / revenue
Net Margin
6.2%
Net income / revenue
FCF Margin
0.9%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 27,373,000 | -1,023,000 | 1,942,000 |
| 2017-12-31 | 18,316,000 | 766,000 | -257,000 |
| 2018-12-31 | 22,335,000 | 2,437,000 | 1,658,000 |
| 2019-12-31 | 32,779,000 | 126,000 | 2,421,000 |
| 2020-12-31 | 45,062,000 | 79,000 | 9,601,000 |
| 2021-12-31 | 27,410,000 | -1,297,000 | -10,516,000 |
| 2022-12-31 | 30,637,000 | -73,000 | 14,176,000 |
| 2023-12-31 | 54,399,000 | 74,000 | -8,526,000 |
| 2024-12-31 | 148,144,000 | 5,976,000 | 6,813,000 |
| 2025-12-31 | 245,719,000 | 15,125,000 | 2,120,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 11.5 | Trailing four quarters |
| 2024-12-31 | 49 | Trailing four quarters |
| 2023-12-31 | 79.4 | Trailing four quarters |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 26.33 | -2.31 | -3.74 | 7.09 |
| 2017-12-31 | 42.18 | 6.04 | 4.18 | -1.4 |
| 2018-12-31 | 37.98 | 12.83 | 10.91 | 7.42 |
| 2019-12-31 | 20.11 | 1.46 | 0.38 | 7.39 |
| 2020-12-31 | 15.1 | -0.89 | 0.18 | 21.31 |
| 2021-12-31 | 23.21 | -3.03 | -4.73 | -38.37 |
| 2022-12-31 | 29.31 | 2.98 | -0.24 | 46.27 |
| 2023-12-31 | 20.22 | 3.22 | 0.14 | -15.67 |
| 2024-12-31 | 15.09 | 5.74 | 4.03 | 4.6 |
| 2025-12-31 | 12.73 | 4.33 | 6.16 | 0.86 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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