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TSS Inc.

TSSI Technology Information Technology Services

TSS Inc.’s revenue for fiscal 2025 (year ended December 2025) was $245.7 million, up 65.9% from fiscal 2024.

Revenue
+19.5%
EPS
+166.7%
Free cash flow
+49.2%
Total debt
−36.8%

Quarter to September 2026, against a year earlier

6.59 0.64 +10.76%
Market cap
$167.9M
P/E
10.6×
Fwd P/E
26.4×
Dividend yield
—
F-score
6/9
Altman Z
2.38
Beneish M
−2.93
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.17
Sold, $m 8.89
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 6 — — — — — —
Sell 1 — — 1 5 2 1 — — — — —
Insider Ownership 8.56%

Capital & Financial Ratios $m

Size
Market Cap 167.90
Revenue ttm 201.45
Net income ttm 17.02
Free cash flow ttm (8.75)
Net debt Q (40.68)
Valuation
P/E 10.63
Forward P/E 26.40
Price / sales 0.92
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.24
Financial health
Current ratio Q 1.79 (at or above 1.5: strong)
Debt / equity Q 0.18 (at or below 0.5: strong)
Interest coverage Q 4.98
Growth
Revenue growth Q +19.52% (above 0%: growing)
Operating income growth Q +16.34% (above 0%: growing)
EPS, this year −57.74% (below 0%: weak)
EPS, next year A +33.10% (at or above 15%: strong)
Revenue, next year A −23.04% (below 0%: weak)
EPS, past 5 yrs +171.44% (at or above 15%: strong)
EPS, next 5 yrs A −21.68% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 0.3×; over the ten years it ranged from −0.5× in 2023 to 2.5× in 2025.
P/E against its own 10 years 31.92%
10-year low 10-year high
P/S against its own 10 years 80.43%
10-year low 10-year high
P/B against its own 10 years 2.57%
10-year low 10-year high
EV/Sales against its own 10 years 77.39%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 12 23 86 56
Receivables 4 16 13 14
Inventory 2 18 16 12
Other 1 1 3 0
19 58 119 84
2023 2024 2025 Q'26
Payables 14 36 46 —
ST’ Debt — — 4 4
Other — — — —
18 57 73 47

Compound Annual Growth %

10y 5y 3y
Sales 23.62% 40.39% 100.17%
Cash Flow 0.00% 28.38% 33.32%
Earnings 0.00% 186.03% 0.00%
Book Value 0.00% 88.94% 196.70%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.03 Actual 0.04

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.00 0.41 Beat by 0.41
Q1 FY26 0.04 0.08 Beat by 0.04
Q2 FY26 0.08 0.05 Miss by 0.03
Q3 FY26 0.03 0.04 Beat by 0.01
Q4 FY26 0.08 — Reports 10 March 2027

EPS $

Mar Jun Sep Dec Year
’26 0.08 0.05 0.04 — —
’25 0.12 0.06 (0.06) 0.41 0.56
’24 0.00 0.06 0.10 0.08 0.24
’23 (0.04) 0.01 0.01 0.02 0.00
’22 (0.02) 0.04 0.03 (0.05) 0.00
’21 (0.04) (0.03) 0.01 (0.01) (0.07)
’20 (0.02) (0.06) 0.05 0.04 0.00
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 55 35 50 — —
’25 99 44 42 61 246
’24 16 12 70 50 148
’23 7 15 9 24 54
’22 5 6 8 11 31
’21 5 3 5 15 27
’20 11 6 21 7 45
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (15) 8 (3) — —
’25 21 16 (18) 16 35
’24 3 (4) 39 (22) 15
’23 (14) 18 5 (17) (8)
’22 5 (4) 3 11 15
’21 (10) (1) 5 (4) (10)
’20 (3) 1 2 10 10
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (15) 4 (13) — —
’25 6 5 (25) 16 2
’24 3 (6) 39 (28) 7
’23 (14) 18 5 (17) (9)
’22 5 (5) 3 11 14
’21 (10) (1) 5 (4) (11)
’20 (3) 1 2 10 10
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 27 18 22 33 45 27 31 54 148 246 201 +27.6% 189 205 — (8.6%)
Gross margin, % 26.33 42.18 37.98 20.11 15.10 23.21 29.31 20.22 15.09 13.18 18.26 (13.1) pt
EBT (1) 1 2 0 0 (1) 0 0 6 8 10 n/m
EBT margin, % (3.67) 4.23 11.03 0.51 0.29 (4.49) (0.06) 0.25 4.14 3.07 5.16 +6.7 pt
Net income (1) 1 2 0 0 (1) 0 0 6 15 17 n/m
Per share, $
Per share, $ Revenue 1.78 1.18 1.44 1.89 2.53 1.49 1.53 2.52 6.61 9.85 0.00 +21.0%
Earnings (0.07) 0.05 0.16 0.01 0.00 (0.07) 0.00 0.00 0.27 0.61 0.62 n/m
Cash flow 0.14 0.00 0.12 0.17 0.56 (0.57) 0.73 (0.38) 0.68 1.40 0.00 +28.6%
Capex (0.02) (0.01) (0.02) (0.03) (0.02) 0.00 (0.03) (0.01) (0.38) (1.31) 0.00 +60.3%
Free cash flow 0.13 (0.02) 0.11 0.14 0.54 (0.57) 0.71 (0.39) 0.30 0.09 0.00 (4.3%)
Book value (0.09) (0.02) 0.16 0.17 0.18 0.12 0.15 0.16 0.32 3.07 0.00 n/m
Shares, m 15 16 16 17 18 18 20 22 22 25 27 +5.5%
Valuation, ×
Valuation, × P/E 0.00 9.28 5.42 220.27 71.00 0.00 0.00 78.38 43.81 12.19 10.63 44.0
P/S 0.02 0.42 0.58 0.86 0.28 0.30 0.37 0.12 1.79 0.72 0.92 0.5
P/B 0.00 0.00 5.26 9.86 3.97 3.75 3.90 1.77 37.22 2.30 2.24 6.8
EV/Sales 0.00 0.41 0.41 0.67 (0.08) 0.16 (0.16) (0.03) 1.71 0.44 0.72 0.4
EV/FCF 0.01 (29.28) 5.48 9.10 (0.39) (0.41) (0.35) 0.18 37.09 51.38 (16.50) 7.3
Cash, $m
Cash, $m Operating cash flow 2 0 2 3 10 (10) 15 (8) 15 35 6 +35.7%
Capex 0 0 0 (1) 0 0 (1) 0 (8) (33) (15) +69.1%
Free cash flow 2 0 2 2 10 (11) 14 (9) 7 2 (9) +1.0%
Balance, $m
Balance, $m Working capital (4) (2) 3 3 3 0 0 1 1 46 37 n/m
Net debt (1) (1) (4) (7) (17) (6) (20) (12) (15) (67) (41) +69.3%
Shareholders’ equity (1) 0 2 3 3 2 3 4 7 77 82 n/m
Returns, %
Returns, % ROA (9.49) 10.01 30.78 0.94 0.38 (6.02) (0.29) 0.26 9.78 10.75 10.43 +20.2 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 43.24 0.00 +43.2 pt
ROE 100.74 (88.25) 223.99 4.71 2.61 (48.16) (2.84) 2.28 111.84 36.11 23.33 (64.6) pt
People
People Employees 78 66 67 65 63 67 70 81 161 286 — +15.5%
Revenue/emp, $m 0.35 0.28 0.33 0.50 0.72 0.41 0.44 0.67 0.92 0.86 — +10.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

TSS Inc. vs peers in Information Technology Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WYFI WhiteFiber, Inc. $353.2M — (loss-making) — (loss-making) +54.53% (above 0%: growing) n/m −5.87% (below 0%: shrinking) 59.40% (32.09%) Compare
VRRM VERRA MOBILITY CORP $352.7M 8.9× 14.2× −1.17% (below 0%: shrinking) −8.38% (below 0%: shrinking) +82.60% (above 0%: growing) 52.51% 25.32% Compare
HCKT The Hackett Group, Inc. $330.4M 19.1× 14.4× −4.54% (below 0%: shrinking) +59.00% (above 0%: growing) −115.01% (below 0%: shrinking) 39.70% 10.73% Compare
III Information Services Group, Inc. $283.8M 23.6× 25.4× +4.40% (above 0%: growing) +16.33% (above 0%: growing) +21.42% (above 0%: growing) 43.86% 9.91% Compare
CNDT Conduent Inc. $255.1M — (loss-making) — (loss-making) −30.38% (below 0%: shrinking) n/m −95.00% (below 0%: shrinking) 20.41% 0.00% Compare
TTGT TechTarget, Inc. $248.1M — (loss-making) 68.9× −2.51% (below 0%: shrinking) n/m +18.95% (above 0%: growing) 56.85% (12.77%) Compare
UIS Unisys Corporation $179.4M — (loss-making) — (loss-making) +2.46% (above 0%: growing) n/m −279.90% (below 0%: shrinking) 26.72% 5.03% Compare
TSSI TSS Inc. $167.9M 10.6× 26.4× +19.52% (above 0%: growing) n/m +49.18% (above 0%: growing) 17.24% 0.00%
ALYAF Alithya Group Inc. $133.6M — (loss-making) — (loss-making) −15.47% (below 0%: shrinking) n/m −10.24% (below 0%: shrinking) 30.36% (0.05%) Compare
Median of peers $269.4M 19.1× 19.9× −1.84% +16.33% −8.06% 41.78% 2.52%

All 81 Information Technology Services stocks →

Pay and ownership Proxy statement filed 23 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.08m 809.90k 1,266.00
2024 892.54k 18.76m 2,045.00
2023 593.63k 406.13k 52.00

Ownership

Directors and executive officers, together 15.97%
Peter H. Woodward 8.10%
MHW Capital Management, LLC 7.40%
BlackRock, Inc. 5.28%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

TSS Inc. (TSSI) Latest News

6 Nov

Impact 3 · · GuruFocus.com

5 Nov

Impact 4 · · ACCESS Newswire
Impact 3 · · Zacks

6 Oct

Impact 4 · · ACCESS Newswire

6 Sep

Impact 4 ·

20 Aug

Impact 3 · · The Motley Fool transcript

14 Aug

Impact 4 · transcript
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat

13 Aug

Impact 3 ·

1 Jul

Impact 4 ·

13 May

Impact 3 · · Simply Wall St.

11 May

Impact 4 · · Simply Wall St.

9 May

Impact 4 · · MarketBeat
Impact 3 · · Insider Monkey

8 May

Impact 4 · · Moby

7 May

Impact 4 · · ACCESS Newswire

28 Apr

Impact 4 · · ACCESS Newswire

14 Apr

Impact 3 · · Zacks

7 Apr

Impact 3 · · Zacks

14 Mar

Impact 4 · · Simply Wall St.

12 Mar

Impact 4 · · Simply Wall St.

11 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · ACCESS Newswire
Impact 3 · · MarketBeat

18 Jan

Impact 3 · · Simply Wall St.

17 Jan

Impact 4 · · Simply Wall St.

9 Jan

Impact 4 · · Insider Monkey

8 Jan

Impact 3 · · Simply Wall St.

13 Dec

Impact 3 · · Simply Wall St.
stockrow.com/TSSI · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com