What is One Stop Systems' operating income?

One Stop Systems' total operating income in 2025 was -$3.38 million, based on the following breakdown: Total Gross Profit: $15.98 million Total Operating Expenses: $19.36 million

One Stop Systems (OSS) Financials

$7.30 -0.44 (-5.68%)

Closing price 10/12/2026 04:00 PM Eastern

Extended Trading

$7.28 -0.02 (-0.27%)

As of 05:09 AM Eastern

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Annual Income Statements for One Stop Systems

This table shows One Stop Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.10	-1.14	-0.90	-0.01	2.33	-2.23	-6.72	-14	5.09
Consolidated Net Income / (Loss)	-0.22	-1.57	-0.90	-0.01	2.33	-2.23	-6.72	-14	5.09
Net Income / (Loss) Continuing Operations	-0.22	-1.57	-0.90	-0.01	2.33	-2.23	-6.72	-15	-3.10
Total Pre-Tax Income	-0.62	-2.97	-0.66	-0.61	2.94	2.19	-5.79	-15	-3.09
Total Operating Income	-0.45	-3.18	-0.78	-0.42	1.75	1.57	-7.92	-16	-3.38
Total Gross Profit	8.66	11	19	16	20	20	18	0.62	16
Total Revenue	28	37	58	52	62	72	61	25	32
Operating Revenue	28	37	58	52	62	72	61	25	32
Total Cost of Revenue	19	26	39	35	42	52	43	24	16
Operating Cost of Revenue	19	26	39	35	42	52	43	24	16
Total Operating Expenses	9.11	15	20	17	18	19	26	16	19
Selling, General & Admin Expense	3.50	6.51	8.50	8.42	7.66	7.28	9.26	7.20	7.36
Marketing Expense	2.92	4.00	5.14	4.12	6.20	6.81	6.65	5.62	6.57
Research & Development Expense	2.69	4.00	4.84	4.32	4.03	4.74	4.33	3.47	5.44
Total Other Income / (Expense), net	-0.17	0.21	0.12	-0.19	1.19	0.63	2.13	0.50	0.29
Interest Expense	0.20	0.07	0.17	0.55	-0.99	0.16	0.12	0.00	0.00
Interest & Investment Income	-	-	0.15	0.42	0.24	0.24	0.54	0.48	0.28
Other Income / (Expense), net	0.03	0.27	0.13	-0.05	-0.04	0.55	1.71	0.02	0.02
Income Tax Expense	-0.40	-1.40	0.24	-0.60	0.61	4.42	0.93	0.00	0.01
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	1.53	8.19
Basic Earnings per Share	$0.02	($0.09)	($0.06)	$0.00	$0.13	($0.11)	($0.32)	($0.65)	$0.23
Weighted Average Basic Shares Outstanding	5.45M	12.59M	15.15M	16.51M	18.31M	19.73M	20.85M	20.95M	22.40M
Diluted Earnings per Share	$0.01	($0.09)	($0.06)	$0.00	$0.12	($0.11)	($0.32)	($0.65)	$0.22
Weighted Average Diluted Shares Outstanding	10.69M	12.59M	15.15M	16.51M	19.50M	19.73M	20.85M	21.43M	23.21M
Weighted Average Basic & Diluted Shares Outstanding	-	14.27M	16.46M	18.41M	18.88M	20.36M	20.70M	20.32M	24.74M

This table shows One Stop Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-0.28	-1.34	-2.34	-6.82	-3.13	-2.02	-2.02	0.26	8.86	-0.52	-7.32
Consolidated Net Income / (Loss)	-0.28	-1.34	-2.34	-6.82	-3.13	-2.02	-2.02	0.26	8.86	-0.52	-7.32
Net Income / (Loss) Continuing Operations	-0.28	-1.34	-2.34	-6.82	-4.67	-2.28	-2.47	0.26	0.68	-0.36	-7.32
Total Pre-Tax Income	-0.24	-1.15	-2.13	-6.65	-5.24	-2.28	-2.47	0.53	0.09	-0.36	-7.32
Total Operating Income	-0.33	-1.26	-2.25	-6.73	-5.41	-2.35	-2.55	0.57	-0.18	-0.67	-7.67
Total Gross Profit	4.43	3.72	3.33	-1.72	-4.72	2.37	2.38	6.69	0.88	4.17	3.65
Total Revenue	13	13	13	14	-15	5.21	5.76	19	-13	8.07	9.35
Operating Revenue	13	13	13	14	-15	5.21	5.76	19	-13	8.07	9.35
Total Cost of Revenue	8.72	8.93	9.87	15	-10	2.84	3.38	12	-14	3.90	5.70
Operating Cost of Revenue	8.72	8.93	9.87	15	-10	2.84	3.38	12	-14	3.90	5.70
Total Operating Expenses	4.77	4.99	5.59	5.02	0.70	4.72	4.93	6.12	1.06	4.84	11
Selling, General & Admin Expense	1.97	2.09	2.41	2.06	0.64	1.91	1.91	2.34	0.26	2.44	2.45
Marketing Expense	1.67	1.92	2.26	2.01	-0.57	1.61	1.66	2.33	-0.31	1.58	1.77
Research & Development Expense	1.13	0.97	0.93	0.95	0.62	1.21	1.36	1.45	1.11	0.82	0.85
Other Special Charges / (Income)	-	-	-	-	-	-	0.00	-	-	-	6.25
Total Other Income / (Expense), net	0.10	0.11	0.12	0.09	0.18	0.07	0.07	-0.04	0.27	0.31	0.35
Interest & Investment Income	0.16	0.14	0.12	0.12	0.10	0.07	0.05	0.04	0.12	0.30	0.31
Other Income / (Expense), net	-0.03	0.01	0.02	-0.01	0.01	-0.00	0.02	-0.06	0.11	0.01	0.04
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	0.26	0.45	-	-	-0.16	0.00
Basic Earnings per Share	-	($0.06)	($0.11)	($0.32)	($0.16)	($0.09)	($0.09)	$0.01	$0.40	($0.02)	($0.29)
Weighted Average Basic Shares Outstanding	20.85M	20.71M	20.93M	21.05M	20.95M	21.38M	21.69M	21.95M	22.40M	24.68M	24.84M
Diluted Earnings per Share	-	($0.06)	($0.11)	($0.32)	($0.16)	($0.09)	($0.09)	$0.01	$0.39	($0.02)	($0.29)
Weighted Average Diluted Shares Outstanding	20.85M	20.71M	20.93M	21.05M	21.43M	22.00M	21.95M	22.84M	23.21M	24.68M	24.84M
Weighted Average Basic & Diluted Shares Outstanding	20.70M	20.92M	21.04M	21.11M	20.32M	21.59M	21.92M	24.52M	24.74M	24.77M	24.94M

This table details how cash moves in and out of One Stop Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.17	2.10	2.91	1.04	-1.06	-1.95	0.91	4.40	35
Net Cash From Operating Activities	-0.38	-3.89	2.37	-0.25	5.62	-7.81	-0.44	-2.60	-6.55
Net Cash From Continuing Operating Activities	-0.38	-3.89	2.37	-0.25	5.62	-7.81	-0.44	-2.60	-6.55
Net Income / (Loss) Continuing Operations	0.10	-1.14	-0.90	-0.01	2.33	-2.23	-6.72	-15	-3.10
Depreciation Expense	0.84	-	0.67	0.92	0.92	0.99	1.04	0.93	0.77
Amortization Expense	-0.03	-0.11	0.98	1.01	0.70	0.06	1.28	0.23	0.22
Non-Cash Adjustments To Reconcile Net Income	0.45	2.16	2.66	1.35	0.90	2.91	7.24	8.73	1.28
Changes in Operating Assets and Liabilities, net	-1.73	-4.80	-1.03	-3.52	0.76	-9.54	-3.28	2.69	-5.73
Net Cash From Investing Activities	-0.43	-5.91	-2.39	-0.82	-15	3.91	1.52	4.33	3.03
Net Cash From Continuing Investing Activities	-0.43	-5.91	-2.39	-0.82	-15	3.91	1.52	4.33	3.03
Purchase of Property, Plant & Equipment	-0.43	-0.62	-2.39	-0.82	-0.56	-0.53	-0.82	-0.23	-0.11
Acquisitions	-	-6.02	-	-	-	-	-	0.00	-0.07
Sale and/or Maturity of Investments	-	-	-	-	0.00	4.31	2.34	4.55	3.22
Net Cash From Financing Activities	0.98	12	2.92	2.11	8.43	1.95	-0.17	-0.23	12
Net Cash From Continuing Financing Activities	0.98	12	2.92	2.11	8.43	1.95	-0.17	-0.23	12
Repurchase of Common Equity	-	-1.81	-0.21	0.00	-0.81	0.00	-	0.00	-0.93
Issuance of Common Equity	0.75	20	2.70	0.00	10	0.00	-	0.00	13
Other Financing Activities, net	0.11	-0.76	-0.08	1.00	-0.41	-0.30	-0.54	-0.23	0.37
Other Net Changes in Cash	-	-	-	-	-	-	-	2.90	26
Cash Interest Paid	0.17	0.04	0.13	0.30	0.12	0.05	0.11	0.09	0.05
Cash Income Taxes Paid	0.05	0.01	0.01	0.34	0.17	0.11	0.56	0.56	0.70

This table details how cash moves in and out of One Stop Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	0.25	2.89	-0.13	2.54	-0.89	-1.20	1.63	-1.87	35	-14	-19
Net Cash From Operating Activities	-0.67	2.04	-0.82	0.92	-4.74	-1.51	-0.37	-3.42	-1.63	4.04	-5.22
Net Cash From Continuing Operating Activities	-0.67	2.04	-0.82	0.92	-4.74	-1.51	-0.37	-3.42	-1.63	4.04	-4.67
Net Income / (Loss) Continuing Operations	-0.28	-1.34	-2.34	-6.82	-4.67	-2.28	-2.02	0.26	0.68	-0.36	-7.32
Depreciation Expense	0.26	0.29	0.27	0.25	0.11	0.19	0.23	0.23	0.09	0.18	0.18
Amortization Expense	-0.07	0.10	0.11	0.11	-0.08	0.06	0.11	-0.03	0.07	0.05	0.04
Non-Cash Adjustments To Reconcile Net Income	0.49	0.49	1.19	7.09	-0.04	0.36	0.29	0.34	0.18	0.74	-0.02
Changes in Operating Assets and Liabilities, net	-1.07	2.51	-0.05	0.28	-0.06	0.15	1.03	-4.22	-2.65	3.43	1.89
Net Cash From Investing Activities	1.22	1.64	0.90	1.75	0.03	0.60	1.43	0.73	0.28	-10	-4.21
Net Cash From Continuing Investing Activities	1.22	1.64	0.90	1.75	0.03	0.60	1.43	0.73	0.28	-10	-4.21
Purchase of Property, Plant & Equipment	-0.45	-0.17	-0.04	-0.09	0.07	-0.01	-0.16	-0.29	0.35	-0.02	-0.11
Purchase of Investments	-	-	-	-	-	0.60	-	-	-	-10	-4.10
Net Cash From Financing Activities	-0.31	-0.80	-0.21	-0.13	0.92	0.13	0.57	0.82	10	-0.78	-0.23
Net Cash From Continuing Financing Activities	-0.31	-0.80	-0.21	-0.13	0.92	0.13	0.57	0.82	10	-0.78	-0.23
Other Financing Activities, net	-0.04	-0.12	-0.01	-0.05	-0.04	0.13	0.57	-0.18	-0.14	-0.78	-0.23
Other Net Changes in Cash	-	-	-	-	-	-0.42	-	-	-	-6.83	-9.26
Cash Income Taxes Paid	0.34	0.07	0.15	0.13	0.20	0.13	0.15	0.18	0.24	0.00	0.01

This table presents One Stop Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	17	36	40	39	52	56	48	37	53
Total Current Assets	10	20	25	24	38	46	42	32	51
Cash & Equivalents	0.19	2.27	5.19	6.32	5.10	3.11	4.05	4.04	31
Restricted Cash	-	-	-	-	-	-	-	2.75	2.20
Short-Term Investments	-	-	-	-	15	10	7.77	3.22	0.00
Accounts Receivable	5.19	11	12	7.46	5.09	11	8.32	4.19	12
Inventories, net	3.70	6.82	7.37	9.65	12	21	22	5.69	5.42
Prepaid Expenses	0.98	0.67	0.45	0.66	0.58	0.50	0.61	0.60	0.47
Plant, Property, & Equipment, net	1.58	1.76	3.57	3.49	3.09	2.57	2.37	1.33	0.67
Total Noncurrent Assets	5.28	14	12	12	11	7.95	3.45	3.40	1.33
Intangible Assets	0.61	3.53	1.35	0.66	0.11	0.04	0.00	0.00	0.07
Other Noncurrent Operating Assets	0.03	0.05	0.05	0.08	0.05	0.79	1.96	1.48	1.25
Total Liabilities & Shareholders' Equity	17	36	40	39	52	56	48	37	53
Total Liabilities	10	9.48	11	9.84	9.63	12	8.68	9.76	6.82
Total Current Liabilities	9.95	9.22	11	7.81	9.63	11	6.87	8.20	5.57
Accounts Payable	3.90	3.71	4.12	0.98	2.06	4.59	1.20	0.96	1.72
Accrued Expenses	1.93	3.93	4.61	3.48	3.85	3.01	3.20	3.47	3.63
Other Current Liabilities	-	-	-	-	0.00	0.54	0.39	0.23	0.22
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	3.54	0.00
Total Noncurrent Liabilities	0.35	0.27	0.35	2.03	0.00	0.95	1.81	1.57	1.25
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	0.00	0.14	0.04	0.00	0.00
Other Noncurrent Operating Liabilities	-	-	0.00	1.50	-	0.40	-	1.47	1.25
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6.62	27	29	29	42	44	40	27	46
Total Preferred & Common Equity	6.18	27	29	29	42	44	40	27	46
Total Common Equity	3.77	27	29	29	42	44	40	27	46
Common Stock	3.48	27	31	31	41	46	47	49	63
Retained Earnings	0.28	-0.85	-1.76	-1.76	0.57	-1.70	-8.42	-22	-17
Accumulated Other Comprehensive Income / (Loss)	-	0.00	-0.02	0.29	0.15	0.51	0.68	0.14	0.00

This table presents One Stop Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	52	48	47	44	37	39	43	51	56
Total Current Assets	45	43	42	38	33	32	36	49	54
Cash & Equivalents	3.74	6.90	6.75	9.40	6.50	8.46	6.51	24	17
Restricted Cash	-	-	-	-	-	-	-	2.20	0.00
Short-Term Investments	9.44	5.96	5.02	3.18	2.62	1.03	0.00	10	14
Accounts Receivable	8.98	7.41	8.43	9.33	7.25	7.11	12	5.31	8.34
Inventories, net	22	21	20	15	15	15	15	6.77	14
Prepaid Expenses	0.67	0.83	1.47	0.96	1.18	1.22	2.14	0.73	0.56
Plant, Property, & Equipment, net	2.26	2.25	2.00	1.86	1.47	1.44	1.52	0.51	0.43
Total Noncurrent Assets	4.21	3.49	3.59	3.64	2.99	5.51	5.54	1.28	1.24
Intangible Assets	0.00	0.00	-	-	-	-	-	0.07	0.08
Other Noncurrent Operating Assets	2.00	1.86	1.75	1.65	1.50	4.02	4.05	1.20	1.16
Total Liabilities & Shareholders' Equity	52	48	47	44	37	39	43	51	56
Total Liabilities	12	9.94	11	13	11	13	17	5.83	17
Total Current Liabilities	11	8.25	9.25	11	9.56	9.25	13	4.65	16
Accounts Payable	3.23	2.67	2.86	4.06	4.48	4.10	6.03	1.79	6.18
Accrued Expenses	4.78	3.81	4.88	6.00	3.73	3.52	4.15	2.47	9.67
Other Current Liabilities	0.37	0.41	0.37	0.32	0.27	0.46	0.51	0.23	0.24
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	0.16	0.00
Total Noncurrent Liabilities	1.73	1.69	1.62	1.55	1.50	3.92	3.85	1.19	1.12
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	0.00	0.05	0.08	0.04	0.00	0.00
Other Noncurrent Operating Liabilities	1.73	-	1.62	-	-	3.85	3.81	1.19	1.12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	39	38	37	31	26	26	26	45	39
Total Preferred & Common Equity	39	38	37	31	26	26	26	45	39
Total Common Equity	39	38	37	31	26	26	26	45	39
Common Stock	47	48	48	49	50	51	51	63	63
Retained Earnings	-8.14	-9.76	-12	-19	-24	-26	-26	-17	-25
Accumulated Other Comprehensive Income / (Loss)	0.39	0.51	0.49	0.98	0.29	1.39	1.00	-0.02	-0.05

This table displays calculated financial ratios and metrics derived from One Stop Systems' official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	14,184,167.00	16,101,460.00	16,620,908.00	18,666,022.00	20,032,449.00	20,604,050.00	21,114,534.00	24,515,491.00
DEI Adjusted Shares Outstanding	0.00	14,184,167.00	16,101,460.00	16,620,908.00	18,666,022.00	20,032,449.00	20,604,050.00	21,114,534.00	24,515,491.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.08	-0.06	0.00	0.13	-0.11	-0.33	-0.65	0.21
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	34.46%	57.47%	-11.00%	19.44%	16.84%	-15.91%	-59.67%	31.18%
EBITDA Growth	0.00%	-887.98%	133.16%	45.17%	129.79%	-4.89%	-222.92%	-271.59%	83.63%
EBIT Growth	0.00%	-591.36%	77.66%	26.32%	457.16%	24.16%	-393.33%	-151.59%	78.50%
NOPAT Growth	0.00%	-605.00%	75.47%	45.54%	566.98%	-214.86%	-248.16%	-97.69%	78.43%
Net Income Growth	0.00%	-626.26%	42.75%	99.27%	35,747.51%	-195.55%	-201.30%	-103.01%	137.32%
EPS Growth	0.00%	-1,000.00%	33.33%	100.00%	0.00%	-191.67%	-190.91%	-103.13%	133.85%
Operating Cash Flow Growth	0.00%	-919.15%	161.04%	-110.53%	2,347.48%	-238.83%	94.37%	-490.48%	-152.33%
Free Cash Flow Firm Growth	0.00%	0.00%	98.46%	-375.62%	271.06%	-555.64%	72.97%	598.94%	-167.40%
Invested Capital Growth	0.00%	140.02%	-1.05%	3.81%	-3.00%	32.26%	-8.26%	-77.34%	93.81%
Revenue Q/Q Growth	0.00%	24.68%	7.45%	-7.96%	6.61%	0.66%	-7.72%	-53.41%	-46.54%
EBITDA Q/Q Growth	0.00%	-6.72%	137.77%	-46.68%	-40.82%	290.98%	-47.34%	-56.08%	54.79%
EBIT Q/Q Growth	0.00%	-7.00%	80.93%	-154.52%	-55.09%	822.15%	-23.49%	-47.52%	47.17%
NOPAT Q/Q Growth	0.00%	-12.13%	78.76%	-133.12%	-29.61%	-367.38%	-9.45%	-48.02%	46.40%
Net Income Q/Q Growth	0.00%	2.55%	58.74%	-100.78%	-21.27%	-443.81%	30.78%	-26.51%	173.63%
EPS Q/Q Growth	0.00%	25.00%	53.85%	-100.00%	-25.00%	-375.00%	34.69%	-32.65%	166.67%
Operating Cash Flow Q/Q Growth	0.00%	33.07%	45.47%	-141.62%	26.85%	-22.94%	-140.18%	-275.61%	8.72%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	97.16%	12.11%	-12.48%	-14.20%	-166.42%	11,086.01%	-59.16%
Invested Capital Q/Q Growth	0.00%	35.65%	-1.28%	-5.97%	-7.05%	-7.82%	11.92%	-65.42%	-36.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	31.46%	30.61%	33.28%	31.67%	31.69%	28.17%	29.48%	2.54%	49.61%
EBITDA Margin	1.39%	-8.14%	1.71%	2.80%	5.38%	4.38%	-6.40%	-58.97%	-7.36%
Operating Margin	-1.64%	-8.58%	-1.34%	-0.82%	2.82%	2.17%	-13.01%	-63.78%	-10.49%
EBIT Margin	-1.53%	-7.84%	-1.11%	-0.92%	2.75%	2.93%	-10.21%	-63.68%	-10.44%
Profit (Net Income) Margin	-0.79%	-4.25%	-1.54%	-0.01%	3.76%	-3.08%	-11.03%	-55.52%	15.79%
Tax Burden Percent	34.97%	52.96%	135.78%	1.07%	79.39%	-101.57%	116.02%	89.90%	-164.84%
Interest Burden Percent	147.44%	102.26%	102.23%	127.70%	172.16%	103.56%	93.13%	96.97%	91.78%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	20.61%	201.57%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-2.89%	-12.00%	-2.10%	-1.13%	5.24%	-5.27%	-16.79%	-56.57%	-22.48%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.58%	21.81%	19.26%	-12.03%	-5.07%	-0.33%	-3.68%	-37.49%	-51.07%
Return on Net Nonoperating Assets (RNNOA)	-0.38%	2.53%	-1.16%	1.10%	1.31%	0.10%	0.78%	15.72%	36.39%
Return on Equity (ROE)	-3.27%	-9.48%	-3.25%	-0.02%	6.55%	-5.17%	-16.01%	-40.85%	13.91%
Cash Return on Invested Capital (CROIC)	0.00%	-94.36%	-1.04%	-4.86%	8.29%	-33.04%	-8.18%	69.54%	-86.34%
Operating Return on Assets (OROA)	-2.48%	-10.96%	-1.71%	-1.21%	3.76%	3.93%	-11.88%	-36.71%	-7.49%
Return on Assets (ROA)	-1.28%	-5.94%	-2.37%	-0.02%	5.14%	-4.13%	-12.84%	-32.01%	11.34%
Return on Common Equity (ROCE)	-1.86%	-8.66%	-3.25%	-0.02%	6.55%	-5.17%	-16.01%	-40.85%	13.91%
Return on Equity Simple (ROE_SIMPLE)	-3.50%	-5.92%	-3.13%	-0.02%	5.56%	-5.03%	-16.97%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.32	-2.22	-0.55	-0.30	1.39	-1.59	-5.55	-11	-2.37
NOPAT Margin	-1.15%	-6.00%	-0.94%	-0.57%	2.24%	-2.20%	-9.11%	-44.65%	-7.34%
Net Nonoperating Expense Percent (NNEP)	-2.31%	-33.82%	-21.36%	10.90%	10.31%	-4.93%	-13.11%	-19.08%	28.59%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-12.77%	-40.35%	-5.01%
Cost of Revenue to Revenue	68.54%	69.39%	66.72%	68.33%	68.31%	71.83%	70.52%	97.46%	50.39%
SG&A Expenses to Revenue	12.72%	17.59%	14.58%	16.22%	12.36%	10.05%	15.21%	29.33%	22.84%
R&D to Revenue	9.76%	10.81%	8.31%	8.32%	6.51%	6.55%	7.11%	14.11%	16.88%
Operating Expenses to Revenue	33.10%	39.19%	34.61%	32.49%	28.87%	26.00%	42.49%	66.32%	60.10%
Earnings before Interest and Taxes (EBIT)	-0.42	-2.90	-0.65	-0.48	1.71	2.12	-6.22	-16	-3.36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.38	-3.01	1.00	1.45	3.33	3.17	-3.90	-14	-2.37
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.04	1.04	1.13	2.27	2.20	1.36	1.09	2.60	3.83
Price to Tangible Book Value (P/TBV)	0.00	1.82	1.60	3.09	2.66	1.62	1.14	2.60	3.83
Price to Revenue (P/Rev)	0.69	0.74	0.56	1.28	1.49	0.83	0.71	2.88	5.46
Price to Earnings (P/E)	196.65	0.00	0.00	0.00	39.61	0.00	0.00	0.00	34.60
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.51%	0.00%	0.00%	0.00%	2.52%	0.00%	0.00%	0.00%	2.89%
Enterprise Value to Invested Capital (EV/IC)	2.40	1.04	1.15	2.39	2.94	1.46	1.12	8.48	10.37
Enterprise Value to Revenue (EV/Rev)	0.95	0.73	0.51	1.23	1.23	0.70	0.58	2.47	4.47
Enterprise Value to EBITDA (EV/EBITDA)	68.32	0.00	29.65	44.15	22.94	15.90	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	44.81	23.79	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	55.15	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	12.48	0.00	13.60	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	34.87	0.00	0.00	4.51	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.07	0.08	0.13	0.09	0.08	0.10	0.00	0.03
Long-Term Debt to Equity	0.05	0.01	0.01	0.02	0.00	0.01	0.04	0.00	0.03
Financial Leverage	0.65	0.12	-0.06	-0.09	-0.26	-0.30	-0.21	-0.42	-0.71
Leverage Ratio	2.56	1.60	1.37	1.36	1.27	1.25	1.25	1.28	1.23
Compound Leverage Factor	3.77	1.63	1.40	1.74	2.19	1.30	1.16	1.24	1.13
Debt to Total Capital	40.25%	6.49%	7.37%	11.71%	8.16%	7.05%	8.85%	0.00%	2.64%
Short-Term Debt to Total Capital	37.11%	5.56%	6.24%	10.11%	8.16%	6.19%	4.78%	0.00%	0.00%
Long-Term Debt to Total Capital	3.14%	0.93%	1.12%	1.60%	0.00%	0.86%	4.07%	0.00%	2.64%
Preferred Equity to Total Capital	21.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	34.00%	93.51%	92.63%	88.29%	91.84%	92.95%	91.15%	100.00%	97.36%
Debt to EBITDA	11.66	-0.61	2.29	2.68	1.12	1.06	-0.99	0.00	-0.53
Net Debt to EBITDA	11.17	0.14	-2.90	-1.68	-4.77	-3.11	2.05	0.00	13.55
Long-Term Debt to EBITDA	0.91	-0.09	0.35	0.37	0.00	0.13	-0.45	0.00	-0.53
Debt to NOPAT	-14.14	-0.83	-4.20	-13.08	2.69	-2.11	-0.69	0.00	-0.53
Net Debt to NOPAT	-13.55	0.19	5.31	8.19	-11.47	6.20	1.44	0.00	13.58
Long-Term Debt to NOPAT	-1.10	-0.12	-0.64	-1.79	0.00	-0.26	-0.32	0.00	-0.53
Altman Z-Score	2.68	2.84	3.55	5.77	7.73	5.11	4.47	3.56	16.47
Noncontrolling Interest Sharing Ratio	43.10%	8.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.01	2.20	2.31	3.08	3.90	4.13	6.18	3.93	9.13
Quick Ratio	0.54	1.39	1.58	1.76	2.57	2.21	2.93	1.40	7.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-17	-0.27	-1.28	2.19	-9.99	-2.70	13	-9.08
Operating Cash Flow to CapEx	-89.73%	-660.89%	99.57%	-30.55%	997.24%	-1,473.09%	-53.51%	-1,137.41%	-5,716.68%
Free Cash Flow to Firm to Interest Expense	0.00	-266.01	-1.63	-2.33	0.00	-61.55	-22.94	3,347.05	-3,600.62
Operating Cash Flow to Interest Expense	-1.92	-59.23	14.34	-0.45	0.00	-48.07	-3.73	-644.71	-2,596.55
Operating Cash Flow Less CapEx to Interest Expense	-4.05	-68.19	-0.06	-1.94	0.00	-51.33	-10.71	-701.39	-2,641.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	1.63	1.40	1.54	1.32	1.37	1.34	1.16	0.58	0.72
Accounts Receivable Turnover	5.30	4.71	5.25	5.43	9.88	8.82	6.20	3.93	4.09
Inventory Turnover	5.11	4.88	5.48	4.17	3.86	3.15	2.02	1.75	2.92
Fixed Asset Turnover	17.41	22.17	21.89	14.71	18.84	25.58	24.65	13.27	32.11
Accounts Payable Turnover	4.83	6.75	9.94	13.93	27.90	15.64	14.82	22.19	12.15
Days Sales Outstanding (DSO)	68.83	77.54	69.51	67.26	36.95	41.37	58.88	92.94	89.16
Days Inventory Outstanding (DIO)	71.48	74.73	66.58	87.58	94.50	115.95	180.49	208.81	124.94
Days Payable Outstanding (DPO)	75.51	54.08	36.70	26.21	13.08	23.33	24.63	16.45	30.03
Cash Conversion Cycle (CCC)	64.80	98.19	99.38	128.63	118.36	133.99	214.74	285.31	184.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	11	26	26	27	26	34	32	7.16	14
Invested Capital Turnover	2.53	2.00	2.24	1.97	2.34	2.39	1.84	1.27	3.06
Increase / (Decrease) in Invested Capital	0.00	15	-0.28	0.99	-0.81	8.40	-2.84	-24	6.72
Enterprise Value (EV)	26	27	30	64	76	50	35	61	144
Market Capitalization	19	28	33	66	92	60	43	71	176
Book Value per Share	$0.69	$1.87	$1.79	$1.76	$2.25	$2.21	$1.92	$1.29	$1.88
Tangible Book Value per Share	($0.03)	$1.07	$1.26	$1.29	$1.86	$1.86	$1.85	$1.29	$1.87
Total Capital	11	28	31	33	46	48	43	27	47
Total Debt	4.46	1.84	2.29	3.89	3.73	3.36	3.84	0.00	1.25
Total Long-Term Debt	0.35	0.27	0.35	0.53	0.00	0.41	1.77	0.00	1.25
Net Debt	4.27	-0.43	-2.90	-2.43	-16	-9.87	-7.98	-10	-32
Capital Expenditures (CapEx)	0.43	0.59	2.39	0.82	0.56	0.53	0.82	0.23	0.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4.03	10	11	13	12	24	26	14	12
Debt-free Net Working Capital (DFNWC)	4.21	13	16	20	32	38	38	24	45
Net Working Capital (NWC)	0.10	11	14	16	28	35	36	24	45
Net Nonoperating Expense (NNE)	-0.10	-0.65	0.36	-0.29	-0.95	0.64	1.17	2.67	-7.45
Net Nonoperating Obligations (NNO)	4.27	-0.43	-2.90	-2.43	-16	-9.87	-7.98	-20	-32
Total Depreciation and Amortization (D&A)	0.80	-0.11	1.65	1.93	1.63	1.05	2.32	1.16	0.99
Debt-free, Cash-free Net Working Capital to Revenue	14.63%	28.06%	18.47%	25.64%	19.43%	33.78%	42.41%	56.98%	36.87%
Debt-free Net Working Capital to Revenue	15.30%	34.20%	27.36%	37.81%	51.11%	52.05%	61.83%	97.75%	140.47%
Net Working Capital to Revenue	0.38%	29.93%	24.03%	31.34%	45.10%	47.98%	58.41%	97.75%	140.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	($0.09)	($0.06)	$0.00	$0.13	($0.11)	($0.32)	($0.65)	$0.23
Adjusted Weighted Average Basic Shares Outstanding	5.45M	12.59M	15.15M	16.51M	18.31M	19.73M	20.85M	20.95M	22.40M
Adjusted Diluted Earnings per Share	$0.01	($0.09)	($0.06)	$0.00	$0.12	($0.11)	($0.32)	($0.65)	$0.22
Adjusted Weighted Average Diluted Shares Outstanding	10.69M	12.59M	15.15M	16.51M	19.50M	19.73M	20.85M	20.95M	23.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	14.27M	16.46M	18.41M	18.88M	20.36M	20.70M	20.32M	24.74M
Normalized Net Operating Profit after Tax (NOPAT)	-0.32	-2.22	0.64	-0.30	1.39	1.10	-1.60	-11	-2.37
Normalized NOPAT Margin	-1.15%	-6.00%	1.10%	-0.57%	2.24%	1.52%	-2.64%	-44.65%	-7.34%
Pre Tax Income Margin	-2.25%	-8.02%	-1.14%	-1.18%	4.74%	3.03%	-9.51%	-61.75%	-9.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.11	-44.20	-3.92	-0.87	0.00	13.05	-52.78	-3,883.65	-1,332.86
NOPAT to Interest Expense	-1.58	-33.84	-3.29	-0.54	0.00	-9.81	-47.09	-2,722.73	-937.53
EBIT Less CapEx to Interest Expense	-4.24	-53.16	-18.32	-2.35	0.00	9.79	-59.76	-3,940.33	-1,378.28
NOPAT Less CapEx to Interest Expense	-3.72	-42.80	-17.70	-2.03	0.00	-13.07	-54.07	-2,779.41	-982.95
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-115.15%	-23.61%	0.00%	34.78%	0.00%	0.00%	0.00%	18.37%

This table displays calculated financial ratios and metrics derived from One Stop Systems' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	20,604,050.00	20,700,435.00	20,916,790.00	21,037,383.00	21,114,534.00	20,323,261.00	21,589,229.00	21,924,818.00	24,515,491.00	24,769,017.00	24,940,130.00
DEI Adjusted Shares Outstanding	20,604,050.00	20,700,435.00	20,916,790.00	21,037,383.00	21,114,534.00	20,323,261.00	21,589,229.00	21,924,818.00	24,515,491.00	24,769,017.00	24,940,130.00
DEI Earnings Per Adjusted Shares Outstanding	-0.01	-0.06	-0.11	-0.32	-0.15	-0.10	-0.09	0.01	0.36	-0.02	-0.29
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-27.91%	-24.61%	-23.30%	-0.34%	-213.99%	-58.85%	6.87%	36.90%	13.92%	54.98%	62.28%
EBITDA Growth	-115.72%	-596.49%	-5.00%	-199.05%	-3,058.55%	-142.31%	19.15%	111.02%	101.65%	79.60%	-226.82%
EBIT Growth	-144.76%	-479.36%	-7.18%	-90.06%	-1,377.96%	-87.49%	17.91%	107.54%	98.66%	72.00%	-202.42%
NOPAT Growth	82.43%	-542.74%	33.94%	-69.11%	-1,534.56%	-86.30%	19.11%	106.01%	63.29%	71.45%	-201.29%
Net Income Growth	91.50%	-234.48%	2.29%	-87.31%	-1,029.41%	-50.61%	13.81%	103.87%	382.72%	74.23%	-262.23%
EPS Growth	0.00%	-200.00%	8.33%	-77.78%	0.00%	-50.00%	18.18%	103.13%	343.75%	77.78%	-222.22%
Operating Cash Flow Growth	-176.55%	8,427.22%	-140.33%	150.28%	-612.59%	-173.66%	54.85%	-473.18%	65.71%	368.53%	-241.00%
Free Cash Flow Firm Growth	126.88%	271.81%	16.89%	-55.66%	690.45%	35.70%	108.08%	-135.94%	-139.27%	35.16%	-15.03%
Invested Capital Growth	-8.26%	-18.25%	-15.68%	-26.66%	-77.34%	-31.86%	-30.96%	6.25%	93.81%	-54.18%	-59.65%
Revenue Q/Q Growth	-4.31%	-3.83%	4.34%	3.79%	-209.45%	134.72%	15.09%	32.94%	-168.82%	162.51%	15.85%
EBITDA Q/Q Growth	92.04%	-408.48%	-114.17%	-244.94%	15.92%	60.99%	10.08%	147.02%	-87.39%	-581.26%	-1,632.53%
EBIT Q/Q Growth	89.70%	-243.21%	-77.97%	-202.21%	19.93%	56.46%	6.78%	127.77%	-114.18%	-812.84%	-1,058.96%
NOPAT Q/Q Growth	91.68%	-281.12%	-78.67%	-198.64%	19.62%	56.56%	6.22%	122.18%	-591.13%	66.22%	-1,043.03%
Net Income Q/Q Growth	92.37%	-382.64%	-75.02%	-190.69%	54.00%	35.64%	-0.15%	113.04%	3,263.57%	-105.87%	-1,308.00%
EPS Q/Q Growth	0.00%	0.00%	-83.33%	-190.91%	50.00%	43.75%	0.00%	111.11%	3,800.00%	-105.13%	-1,350.00%
Operating Cash Flow Q/Q Growth	63.52%	407.21%	-139.97%	212.27%	-616.99%	68.24%	67.53%	-827.93%	52.49%	348.66%	-229.27%
Free Cash Flow Firm Q/Q Growth	-58.83%	110.22%	-40.98%	-13.19%	633.95%	-63.91%	-12.83%	-114.99%	-701.97%	224.23%	-47.37%
Invested Capital Q/Q Growth	11.92%	-9.63%	-9.27%	-20.08%	-65.42%	171.75%	-8.07%	22.99%	-36.92%	-35.76%	-19.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.71%	29.43%	25.25%	-12.54%	0.00%	45.50%	31.27%	35.68%	0.00%	51.65%	39.05%
EBITDA Margin	-1.29%	-6.84%	-14.03%	-46.64%	0.00%	-40.26%	-10.62%	3.76%	0.00%	-5.30%	-79.23%
Operating Margin	-2.52%	-9.98%	-17.08%	-49.15%	0.00%	-45.16%	-12.93%	3.04%	0.00%	-8.32%	-82.06%
EBIT Margin	-2.78%	-9.92%	-16.92%	-49.25%	0.00%	-45.18%	-12.99%	2.71%	0.00%	-8.16%	-81.66%
Profit (Net Income) Margin	-2.11%	-10.59%	-17.76%	-49.74%	0.00%	-38.75%	-14.32%	1.40%	0.00%	-6.44%	-78.30%
Tax Burden Percent	117.73%	116.66%	109.89%	102.51%	59.87%	88.52%	112.48%	49.68%	10,093.58%	143.38%	100.00%
Interest Burden Percent	64.49%	91.52%	95.54%	98.52%	96.90%	96.89%	98.00%	104.20%	-121.68%	55.04%	95.88%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	50.32%	-671.07%	0.00%	0.00%
Return on Invested Capital (ROIC)	-3.25%	-12.48%	-22.27%	-74.10%	0.00%	-22.53%	-22.81%	4.26%	0.00%	-14.39%	-176.91%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.74%	-7.75%	-15.62%	-53.92%	0.00%	-17.99%	-14.96%	4.54%	0.00%	-14.16%	-167.09%
Return on Net Nonoperating Assets (RNNOA)	0.58%	1.81%	4.52%	16.09%	0.00%	4.58%	4.52%	-1.14%	0.00%	8.53%	102.37%
Return on Equity (ROE)	-2.67%	-10.68%	-17.75%	-58.00%	0.00%	-17.95%	-18.30%	3.13%	0.00%	-5.86%	-74.54%
Cash Return on Invested Capital (CROIC)	-8.18%	0.27%	-2.33%	0.49%	69.54%	-10.94%	-6.87%	-26.72%	-86.34%	65.93%	46.95%
Operating Return on Assets (OROA)	-3.23%	-10.58%	-17.46%	-54.55%	0.00%	-18.10%	-16.53%	3.77%	0.00%	-6.49%	-66.33%
Return on Assets (ROA)	-2.46%	-11.29%	-18.33%	-55.09%	0.00%	-15.53%	-18.22%	1.95%	0.00%	-5.12%	-63.59%
Return on Common Equity (ROCE)	-2.67%	-10.68%	-17.75%	-58.00%	0.00%	-17.95%	-18.30%	3.13%	0.00%	-5.86%	-74.54%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-19.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.23	-0.88	-1.58	-4.71	-3.79	-1.65	-1.28	0.28	-1.39	-0.47	-5.37
NOPAT Margin	-1.76%	-6.98%	-11.96%	-34.40%	0.00%	-31.61%	-9.05%	1.51%	0.00%	-5.82%	-57.45%
Net Nonoperating Expense Percent (NNEP)	-0.51%	-4.73%	-6.65%	-20.18%	4.67%	-4.54%	-7.85%	-0.28%	39.33%	-0.23%	-9.82%
Return On Investment Capital (ROIC_SIMPLE)	-0.53%	-2.13%	-4.19%	-14.16%	-13.94%	-5.76%	-4.66%	0.99%	-2.94%	-1.04%	-13.90%
Cost of Revenue to Revenue	66.29%	70.57%	74.75%	112.54%	0.00%	54.50%	68.73%	64.32%	0.00%	48.35%	60.95%
SG&A Expenses to Revenue	14.98%	16.55%	18.24%	15.01%	0.00%	36.65%	16.91%	12.50%	0.00%	30.30%	26.25%
R&D to Revenue	8.57%	7.67%	7.01%	6.94%	0.00%	23.15%	10.81%	7.72%	0.00%	10.12%	9.13%
Operating Expenses to Revenue	36.23%	39.40%	42.33%	36.61%	0.00%	90.66%	44.20%	32.64%	0.00%	59.96%	121.12%
Earnings before Interest and Taxes (EBIT)	-0.37	-1.25	-2.23	-6.75	-5.40	-2.35	-1.83	0.51	-0.07	-0.66	-7.63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.17	-0.87	-1.85	-6.39	-5.37	-2.10	-1.50	0.70	0.09	-0.43	-7.41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.09	1.76	1.38	1.64	2.60	1.81	2.92	4.46	3.83	4.13	11.66
Price to Tangible Book Value (P/TBV)	1.14	1.83	1.44	1.73	2.60	1.92	3.10	4.73	3.83	4.14	11.68
Price to Revenue (P/Rev)	0.71	1.19	0.96	0.95	2.88	2.76	1.39	1.95	5.46	5.34	11.65
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	34.60	28.44	350.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.89%	3.52%	0.29%
Enterprise Value to Invested Capital (EV/IC)	1.12	2.02	1.54	1.95	8.48	2.08	3.82	5.14	10.37	16.90	58.02
Enterprise Value to Revenue (EV/Rev)	0.58	1.02	0.75	0.77	2.47	2.37	1.24	1.88	4.47	4.30	10.83
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	36.51	0.00	27.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	685.46	0.00	335.00	4.51	0.00	0.00	0.00	0.00	16.11	71.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.08	0.03	0.09	0.00	0.10	0.04	0.08	0.03	0.00	0.00
Long-Term Debt to Equity	0.04	0.04	0.00	0.05	0.00	0.06	0.00	0.00	0.03	0.00	0.00
Financial Leverage	-0.21	-0.23	-0.29	-0.30	-0.42	-0.25	-0.30	-0.25	-0.71	-0.60	-0.61
Leverage Ratio	1.25	1.29	1.28	1.36	1.28	1.33	1.38	1.52	1.23	1.24	1.47
Compound Leverage Factor	0.80	1.18	1.23	1.34	1.24	1.28	1.36	1.59	-1.49	0.68	1.41
Debt to Total Capital	8.85%	7.37%	3.02%	8.02%	0.00%	8.86%	4.30%	7.62%	2.64%	0.00%	0.00%
Short-Term Debt to Total Capital	4.78%	3.28%	3.02%	3.35%	0.00%	3.78%	4.30%	7.62%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	4.07%	4.09%	0.00%	4.67%	0.00%	5.08%	0.00%	0.00%	2.64%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	91.15%	92.63%	96.98%	91.98%	100.00%	91.14%	95.70%	92.38%	97.36%	100.00%	100.00%
Debt to EBITDA	-0.99	-0.62	-0.23	-0.29	0.00	-0.16	-0.10	-0.41	-0.53	0.00	0.00
Net Debt to EBITDA	2.05	1.99	2.12	1.07	0.00	0.42	0.67	0.83	13.55	0.00	0.00
Long-Term Debt to EBITDA	-0.45	-0.34	0.00	-0.17	0.00	-0.09	0.00	0.00	-0.53	0.00	0.00
Debt to NOPAT	-0.69	-0.48	-0.21	-0.36	0.00	-0.22	-0.12	-0.49	-0.53	0.00	0.00
Net Debt to NOPAT	1.44	1.56	1.94	1.34	0.00	0.56	0.87	0.98	13.58	0.00	0.00
Long-Term Debt to NOPAT	-0.32	-0.27	0.00	-0.21	0.00	-0.12	0.00	0.00	-0.53	0.00	0.00
Altman Z-Score	4.87	5.73	4.21	3.14	4.47	2.65	4.52	5.46	16.68	20.47	16.13
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.18	5.16	4.52	3.32	3.93	3.42	3.51	2.80	9.13	10.63	3.37
Quick Ratio	2.93	2.46	2.18	1.91	1.40	1.71	1.80	1.44	7.68	8.54	2.47
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2.61	5.49	3.24	2.81	21	7.45	6.75	-1.01	-8.11	10	5.30
Operating Cash Flow to CapEx	-148.71%	1,222.35%	-2,211.55%	968.16%	0.00%	-23,368.79%	-229.67%	-1,161.54%	0.00%	26,944.26%	-4,733.11%
Free Cash Flow to Firm to Interest Expense	88.09	155.42	169.70	170.91	0.00	0.00	492.72	-67.13	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-22.42	57.82	-42.75	55.68	0.00	0.00	-26.93	-227.10	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-37.50	53.09	-44.68	49.93	0.00	0.00	-38.66	-246.66	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.16	1.07	1.03	1.11	0.58	0.40	1.27	1.39	0.72	0.79	0.81
Accounts Receivable Turnover	6.20	6.48	5.98	5.76	3.93	2.34	7.11	5.64	4.09	5.59	5.00
Inventory Turnover	2.02	1.78	1.81	2.29	1.75	0.98	2.66	2.79	2.92	1.58	1.38
Fixed Asset Turnover	24.65	24.20	23.80	25.59	13.27	9.21	32.07	35.69	32.11	35.47	41.35
Accounts Payable Turnover	14.82	9.56	13.27	11.78	22.19	4.99	13.27	8.48	12.15	5.52	3.82
Days Sales Outstanding (DSO)	58.88	56.31	61.07	63.38	92.94	156.26	51.37	64.66	89.16	65.34	72.95
Days Inventory Outstanding (DIO)	180.49	205.07	201.89	159.50	208.81	374.14	137.44	130.65	124.94	230.70	264.81
Days Payable Outstanding (DPO)	24.63	38.16	27.50	30.98	16.45	73.09	27.50	43.06	30.03	66.14	95.57
Cash Conversion Cycle (CCC)	214.74	223.22	235.46	191.91	285.31	457.30	161.31	152.25	184.06	229.91	242.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	32	29	26	21	7.16	19	18	22	14	8.92	7.22
Invested Capital Turnover	1.84	1.79	1.86	2.15	1.27	0.71	2.52	2.82	3.06	2.47	3.08
Increase / (Decrease) in Invested Capital	-2.84	-6.38	-4.82	-7.53	-24	-9.10	-8.02	1.29	6.72	-11	-11
Enterprise Value (EV)	35	58	40	40	61	41	68	113	144	151	419
Market Capitalization	43	67	50	50	71	47	77	118	176	187	450
Book Value per Share	$1.92	$1.85	$1.75	$1.46	$1.29	$1.28	$1.21	$1.20	$1.88	$1.83	$1.56
Tangible Book Value per Share	$1.85	$1.78	$1.68	$1.38	$1.29	$1.21	$1.14	$1.13	$1.87	$1.83	$1.56
Total Capital	43	41	38	33	27	29	27	29	47	45	39
Total Debt	3.84	3.05	1.14	2.67	0.00	2.53	1.18	2.17	1.25	0.00	0.00
Total Long-Term Debt	1.77	1.69	0.00	1.55	0.00	1.45	0.00	0.00	1.25	0.00	0.00
Net Debt	-7.98	-9.81	-11	-9.91	-10	-6.59	-8.31	-4.33	-32	-37	-31
Capital Expenditures (CapEx)	0.45	0.17	0.04	0.09	-0.07	0.01	0.16	0.29	-0.35	0.02	0.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	26	23	22	15	14	15	15	19	12	8.16	6.67
Debt-free Net Working Capital (DFNWC)	38	36	34	28	24	24	24	25	45	45	38
Net Working Capital (NWC)	36	34	33	27	24	23	23	23	45	45	38
Net Nonoperating Expense (NNE)	0.05	0.46	0.77	2.10	-0.65	0.37	0.74	0.02	-10	0.05	1.95
Net Nonoperating Obligations (NNO)	-7.98	-9.81	-11	-9.91	-20	-6.59	-8.31	-4.33	-32	-36	-31
Total Depreciation and Amortization (D&A)	0.20	0.39	0.38	0.36	0.03	0.26	0.34	0.20	0.16	0.23	0.23
Debt-free, Cash-free Net Working Capital to Revenue	42.41%	40.22%	41.59%	28.85%	56.98%	87.91%	26.91%	31.19%	36.87%	23.27%	17.26%
Debt-free Net Working Capital to Revenue	61.83%	62.87%	63.90%	52.72%	97.75%	141.19%	44.10%	41.99%	140.47%	127.54%	98.49%
Net Working Capital to Revenue	58.41%	60.48%	61.74%	50.61%	97.75%	134.89%	41.97%	38.39%	140.47%	127.54%	98.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.06)	($0.11)	($0.32)	($0.16)	($0.09)	($0.09)	$0.01	$0.40	($0.02)	($0.29)
Adjusted Weighted Average Basic Shares Outstanding	20.85M	20.71M	20.93M	21.05M	20.95M	21.38M	21.69M	21.95M	22.40M	24.68M	24.84M
Adjusted Diluted Earnings per Share	$0.00	($0.06)	($0.11)	($0.32)	($0.16)	($0.09)	($0.09)	$0.01	$0.39	($0.02)	($0.29)
Adjusted Weighted Average Diluted Shares Outstanding	20.85M	20.71M	20.93M	21.05M	21.43M	21.38M	21.69M	22.84M	23.21M	24.68M	24.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.70M	20.92M	21.04M	21.11M	20.32M	21.59M	21.92M	24.52M	24.74M	24.77M	24.94M
Normalized Net Operating Profit after Tax (NOPAT)	-0.23	-0.88	-1.58	-4.71	-3.79	-1.65	-1.28	0.40	-0.13	-0.47	-1.00
Normalized NOPAT Margin	-1.76%	-6.98%	-11.96%	-34.40%	0.00%	-31.61%	-9.05%	2.13%	0.00%	-5.82%	-10.65%
Pre Tax Income Margin	-1.79%	-9.08%	-16.16%	-48.52%	0.00%	-43.78%	-12.73%	2.83%	0.00%	-4.49%	-78.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-12.33	-35.50	-116.89	-409.87	0.00	0.00	-133.90	33.79	0.00	0.00	0.00
NOPAT to Interest Expense	-7.81	-25.00	-82.63	-286.29	0.00	0.00	-93.26	18.80	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-27.40	-40.23	-118.83	-415.62	0.00	0.00	-145.63	14.24	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-22.89	-29.73	-84.56	-292.04	0.00	0.00	-104.99	-0.75	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.37%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

One Stop Systems’ Q2 2026 results show strong year-over-year revenue growth but a sharp deterioration in reported profitability and cash flow. Revenue rose to $9.3 million from $5.8 million in Q2 2025, while the company’s balance sheet remains relatively liquid. However, OSS continues to operate at a loss, and its latest quarter included a $6.25 million special charge that significantly increased the reported net loss.

Revenue growth accelerated. Q2 2026 revenue increased approximately 62% year over year, and Q1 revenue rose about 55% compared with Q1 2025. This represents a meaningful recovery from the much weaker revenue levels reported during 2024 and early 2025.
Gross profit improved in absolute terms. Q2 2026 gross profit was $3.7 million, up from $2.4 million in Q2 2025. The gross margin was approximately 39%, although it was below the roughly 41% margin recorded in the year-ago quarter.
OSS has a sizable liquidity cushion. At June 30, 2026, the company held $17.3 million in cash and $14.1 million in short-term investments, or approximately $31.4 million in combined cash and liquid investments. Current assets of $54.2 million exceeded current liabilities of $16.1 million by a wide margin.
Debt exposure appears limited. The Q2 2026 balance sheet reported no short-term debt and only $1.1 million of other noncurrent operating liabilities. Total liabilities of $17.2 million were well below total equity of $38.6 million.
The company has improved its balance sheet from 2024 levels. Total assets increased to $55.8 million from $47.4 million in Q2 2024, while total equity remained positive. Cash and investments also increased substantially from the approximately $11.8 million held in Q2 2024.
The Q2 loss was heavily affected by a special charge. OSS reported a $7.3 million net loss, or $0.29 per share, compared with a $2.0 million loss in Q2 2025. A $6.25 million special charge was the primary reason for the deterioration. Excluding that charge, the operating loss would have been materially smaller, but the company still would not have been profitable.
Interest and investment income are providing some support. Q2 2026 interest and investment income was $315,000, compared with $50,000 in Q2 2025. This income helped offset operating losses but is not a substitute for sustainable profitability from the core business.
Core operations remain unprofitable. Even excluding the special charge, recurring operating expenses exceeded gross profit by approximately $1.4 million in Q2 2026. OSS has reported operating losses in each of the available 2024 and 2025 comparison quarters, aside from a modest operating profit in Q3 2025.
Operating cash flow became sharply negative. OSS generated $4.0 million of operating cash flow in Q1 2026 but used $5.2 million in Q2. First-half operating cash flow was therefore negative by approximately $1.2 million, reversing the positive operating cash flow reported in Q1.
Cash declined substantially during the latest quarter. Net cash and equivalents fell by $18.9 million in Q2 2026. The decline included $4.1 million of investment purchases and a sizable $9.3 million “other net changes in cash” outflow, which makes the quarter’s cash movement more difficult to assess. Inventory also rose to $13.9 million from $6.8 million at the end of Q1, tying up additional capital.

Overall, OSS appears to be gaining sales momentum and has substantially more liquidity than it did in 2024. The key issue for investors is whether the revenue recovery can translate into consistent operating profitability and positive operating cash flow. The company’s recent history shows improvement from the severe losses of 2024, but Q2 2026 demonstrates that earnings remain vulnerable to special charges, rising expenses and volatile working-capital requirements.

Investors should also note that several historical statements in the supplied data are marked as restated or calculated, including unusual negative revenue and cost figures in certain Q4 periods. Those figures may limit the reliability of direct quarter-to-quarter comparisons, so the latest reported 2026 trends should be weighed more heavily than mechanically comparing every historical data point.

10/13/26 03:25 AM ETAI Generated. May Contain Errors.

One Stop Systems Financials - Frequently Asked Questions

According to the most recent income statement we have on file, One Stop Systems' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

One Stop Systems' net income appears to be on a downward trend, with a most recent value of $5.09 million in 2025, compared with -$216.54 thousand in 2017. The previous period was -$13.63 million in 2024. See where experts think One Stop Systems is headed by visiting One Stop Systems' forecast page.

One Stop Systems' total operating income in 2025 was -$3.38 million, based on the following breakdown:

Total Gross Profit: $15.98 million
Total Operating Expenses: $19.36 million

Over the last 8 years, One Stop Systems' total revenue changed from $27.54 million in 2017 to $32.22 million in 2025, a change of 17.0%.

In the past 11 quarters, One Stop Systems' cash and equivalents has ranged from $3.74 million in Q3 2023 to $24.34 million in Q1 2026, and is currently $17.28 million as of their latest financial filing in Q2 2026.

One Stop Systems had total debt of $1.25 million at the end of 2025, compared with none in 2024, and a 72.0% decrease since 2017.

Over the last 8 years, One Stop Systems' book value per share changed from 0.69 in 2017 to 1.88 in 2025, a change of 171.5%.

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Financial statements for NASDAQ:OSS last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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One Stop Systems (OSS) Financials

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One Stop Systems (OSS) Financials

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How has One Stop Systems' revenue changed over the last 8 years?

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