TSS, Inc. (TSSI) Financial Statements
Industry: Management Consulting Services (Services)
In fiscal 2025, TSS reported revenue of $245.7M, up 65.9% from $148.1M the year before. Net income was $15.1M (a 6.2% net margin), or $0.56 per diluted share. Gross margin was 13.2% and operating margin was 2.6%. Operating activities generated $34.9M of cash, leaving $2.1M of free cash flow. At fiscal year end, TSS held $184.9M in total assets against $108.3M in total liabilities, including $85.5M of cash and equivalents.
Open the full interactive TSS financials → Quarterly statements, key ratios, valuation history and price charts.
TSS Key Stats
| Share Price | $8.81 |
|---|---|
| Market Cap | $260.5M |
| P/E Ratio | 15.7 |
| Revenue YoY Growth | +65.9% |
| 52-Week Range | $6.92 – $20.26 |
| Shares Outstanding | 22.1 million (basic, 2024 Q3) |
TSS Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $45.1M | $27.4M | $30.6M | $54.4M | $148.1M | $245.7M |
| Gross Profit | $6.8M | $6.4M | $9.0M | $11.0M | $22.4M | $32.4M |
| Operating Income | -$400,000 | -$831,000 | $914,000 | $1.8M | $8.5M | $6.3M |
| Pre-Tax Income | $129,000 | -$1.2M | -$17,000 | $134,000 | $6.1M | $7.5M |
| Income Tax | $50,000 | $65,000 | $56,000 | $60,000 | $158,000 | -$7.6M |
| Net Income | $79,000 | -$1.3M | -$73,000 | $74,000 | $6.0M | $15.1M |
| Diluted EPS | — | -$0.07 | — | — | $0.24 | $0.56 |
TSS Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $41.9M | $60.9M | $55.3M | $35.1M |
| Net Income | -$1.5M | $12.2M | $2.3M | $1.4M |
| Diluted EPS | -$0.06 | $0.45 | $0.08 | $0.05 |
TSS Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $19.0M | $8.0M | $20.4M | $11.8M | — | $85.5M |
| Current Assets | $21.0M | $11.8M | $24.4M | $19.3M | $58.2M | $118.6M |
| Total Assets | $23.8M | $19.3M | $31.4M | $25.6M | $96.6M | $184.9M |
| Current Liabilities | $18.1M | $12.1M | $24.2M | $18.4M | $56.9M | $72.6M |
| Total Long-Term Debt | $2.2M | $4.0M | — | — | $8.2M | $18.0M |
| Total Liabilities | $20.6M | $17.1M | $28.5M | $22.1M | $89.4M | $108.3M |
| Shareholders' Equity | $3.2M | $2.2M | $2.9M | $3.5M | $7.1M | $76.6M |
TSS Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $10.0M | -$10.5M | $14.7M | -$8.3M | $15.3M | $34.9M |
| Cash From Investing | -$396,000 | -$64,000 | -$536,000 | -$257,000 | -$8.5M | -$32.7M |
| Cash From Financing | $733,000 | -$504,000 | -$1.8M | -$40,000 | $4.6M | $60.2M |
| Free Cash Flow | $9.6M | -$10.5M | $14.2M | -$8.5M | $6.8M | $2.1M |
Figures from TSS's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full TSS financials page for every line item.
TSS Company Profile
| Ticker | TSSI |
|---|---|
| Exchange | Nasdaq |
| Industry | Management Consulting Services (Services) |
| Headquarters | Round Rock, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0001320760 |
Frequently Asked Questions
What was TSS's revenue in fiscal 2025?
TSS (TSSI) reported revenue of $245.7M for fiscal 2025.
What is TSS's annual revenue history?
TSS's annual revenue by fiscal year: 2020: $45.1M; 2021: $27.4M; 2022: $30.6M; 2023: $54.4M; 2024: $148.1M; 2025: $245.7M.
What was TSS's net income in fiscal 2025?
TSS reported net income of $15.1M for fiscal 2025.
What was TSS's earnings per share (EPS) in fiscal 2025?
TSS's diluted EPS was $0.56 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did TSS generate in fiscal 2025?
TSS generated $2.1M of free cash flow in fiscal 2025.
What was TSS's revenue last quarter?
In its most recent reported quarter (2026 Q2), TSS reported revenue of $35.1M.
How much debt does TSS have?
TSS reported $18.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of TSS are outstanding?
TSS reported a weighted average of 22.1 million basic shares outstanding in 2024 Q3.
What is TSS's market cap?
Based on its latest closing price, TSS (TSSI) has a market capitalization of about $260.5M.
When does TSS's fiscal year end?
TSS's fiscal year end, as registered with the SEC, is December 31.
Where is TSS headquartered?
TSS lists its business address in Round Rock, Texas in its SEC filings.
TSS Competitors & Similar Companies
See all 23 Management Consulting Services (Services) companies →