What is TSS's operating income?

TSS's total operating income in 2024 was $8.50 million, based on the following breakdown: Total Gross Profit: $22.35 million Total Operating Expenses: $13.85 million

TSS (TSSI) Financials

$9.70 -0.77 (-7.35%)

Closing price 07/24/2026 04:00 PM Eastern

Extended Trading

$9.82 +0.12 (+1.19%)

As of 07/24/2026 07:34 PM Eastern

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Annual Income Statements for TSS

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-2.80	-2.21	-1.02	0.77	2.44	0.13	0.08	-1.30	-0.07	0.07	6.36
Consolidated Net Income / (Loss)	-2.80	-2.21	-1.02	0.77	2.44	0.13	0.08	-1.30	-0.07	0.07	5.98
Net Income / (Loss) Continuing Operations	-2.80	-2.21	-1.02	0.77	2.44	0.13	0.08	-1.30	-0.07	0.07	6.36
Total Pre-Tax Income	-2.75	-2.18	-1.00	0.78	2.46	0.17	0.13	-1.23	-0.02	0.13	6.13
Total Operating Income	-2.47	-1.85	-0.63	1.11	0.59	0.48	-0.40	-0.83	0.91	1.75	8.50
Total Gross Profit	8.56	8.37	7.21	7.73	8.48	6.59	6.80	6.36	8.98	11	22
Total Revenue	28	29	27	18	7.15	24	45	27	31	54	148
Operating Revenue	28	29	27	18	7.15	24	45	27	31	54	148
Total Cost of Revenue	19	21	20	11	-1.33	17	38	21	22	43	126
Operating Cost of Revenue	19	21	20	11	-1.33	17	38	21	22	43	126
Total Operating Expenses	11	10	7.84	6.62	7.90	6.11	7.20	7.19	8.07	9.25	14
Selling, General & Admin Expense	11	9.65	8.15	6.46	6.37	5.74	6.67	6.66	7.68	8.93	13
Depreciation Expense	0.49	0.57	0.60	0.48	0.39	0.37	0.53	0.54	0.38	0.32	0.61
Total Other Income / (Expense), net	-0.28	-0.34	-0.37	-0.33	1.88	-0.31	0.53	-0.40	-0.93	-1.62	-1.98
Interest Expense	-	-	-	-	-	-	-	-	-	1.97	2.74
Interest & Investment Income	-0.28	-0.34	-0.37	-0.33	-0.40	-0.31	-0.37	-0.43	-0.93	0.36	0.56
Other Income / (Expense), net	0.00	0.01	-0.01	-0.00	2.28	0.00	0.90	0.03	-	0.00	0.19
Income Tax Expense	0.05	0.02	0.02	0.01	0.03	0.04	0.05	0.07	0.06	0.06	0.16
Basic Earnings per Share	($0.19)	($0.14)	($0.07)	$0.05	$0.16	$0.01	$0.00	($0.07)	$0.00	$0.00	$0.27
Weighted Average Basic Shares Outstanding	15.02M	14.82M	15.41M	15.54M	-	-	17.96M	18.87M	21.54M	21.77M	25.03M
Diluted Earnings per Share	($0.19)	($0.14)	($0.07)	$0.05	$0.13	$0.01	-	-	-	$0.00	$0.24
Weighted Average Diluted Shares Outstanding	15.66M	14.82M	15.41M	15.54M	-	17.84M	17.96M	18.87M	21.54M	21.77M	25.03M
Weighted Average Basic & Diluted Shares Outstanding	15.66M	14.82M	15.41M	15.54M	-	-	17.96M	18.87M	21.54M	21.77M	25.03M

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	0.32	0.21	0.34	0.02	1.40	2.65	2.30	2.98	1.48	-1.50	2.28
Consolidated Net Income / (Loss)	0.32	0.21	0.34	0.02	1.40	2.65	1.91	2.98	1.48	-1.50	2.28
Net Income / (Loss) Continuing Operations	0.32	0.21	0.34	0.02	1.40	2.65	2.30	2.98	1.48	-1.50	2.28
Total Pre-Tax Income	0.33	0.23	0.35	0.03	1.43	2.67	2.02	3.03	1.55	-1.45	2.67
Total Operating Income	0.98	0.72	0.73	0.25	1.70	3.79	2.76	2.65	2.24	-0.93	2.27
Total Gross Profit	3.22	2.83	3.26	2.71	4.54	7.89	7.21	9.21	7.82	4.64	8.81
Total Revenue	15	8.88	24	16	12	70	50	99	44	42	55
Operating Revenue	15	8.88	24	16	12	70	50	99	44	42	55
Total Cost of Revenue	11	6.05	21	13	7.62	62	43	90	36	37	47
Operating Cost of Revenue	11	6.05	21	13	7.62	62	43	90	36	37	47
Total Operating Expenses	2.25	2.12	2.54	2.46	2.84	4.09	4.46	6.57	5.58	5.57	6.53
Selling, General & Admin Expense	2.16	2.04	2.47	2.39	2.72	3.89	4.25	4.89	4.74	5.24	5.52
Depreciation Expense	0.09	0.07	0.07	0.07	0.12	0.21	0.21	0.21	0.84	0.33	0.31
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	1.47	-	-	0.70
Total Other Income / (Expense), net	-0.65	-0.48	-0.37	-0.23	-0.27	-1.13	-0.35	0.38	-0.68	-0.52	0.39
Interest Expense	-	-	-	0.33	0.38	1.31	-	0.00	0.86	0.95	0.33
Interest & Investment Income	-0.65	-0.48	1.60	0.10	0.11	0.17	2.19	0.38	0.18	0.43	0.73
Other Income / (Expense), net	-	-	-	0.00	-	0.01	-	0.00	-	0.00	0.00
Income Tax Expense	0.01	0.02	0.02	0.01	0.03	0.02	0.10	0.05	0.07	0.05	0.39
Basic Earnings per Share	$0.01	$0.01	$0.02	$0.00	$0.06	$0.12	$0.09	$0.13	$0.06	($0.06)	$0.08
Weighted Average Basic Shares Outstanding	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M	25.36M	28.85M	28.07M
Diluted Earnings per Share	$0.01	$0.01	$0.02	$0.00	$0.06	$0.10	$0.08	$0.12	$0.06	($0.06)	$0.08
Weighted Average Diluted Shares Outstanding	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M	25.36M	28.85M	28.07M
Weighted Average Basic & Diluted Shares Outstanding	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M	25.36M	28.85M	28.07M

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-1.91	-0.25	1.02	0.12	3.91	2.50	10	-11	12	-8.57	11
Net Cash From Operating Activities	0.62	-1.55	2.23	-0.05	1.90	3.02	10.00	-10	15	-8.27	15
Net Cash From Continuing Operating Activities	0.62	-1.55	2.23	-0.05	5.21	3.02	10.00	-10	15	-8.27	15
Net Income / (Loss) Continuing Operations	-2.80	-2.21	-1.02	0.77	2.44	0.13	0.08	-1.30	-0.07	0.07	5.98
Consolidated Net Income / (Loss)	-2.80	-2.21	-1.02	0.77	2.44	0.13	0.08	-1.30	-0.07	0.07	5.98
Depreciation Expense	0.39	0.57	0.60	0.48	0.39	0.37	0.53	0.54	0.38	0.32	0.61
Non-Cash Adjustments To Reconcile Net Income	0.51	0.49	-0.72	0.06	-0.98	0.44	-0.40	1.47	1.72	0.78	1.27
Changes in Operating Assets and Liabilities, net	2.38	-0.46	3.34	-1.39	-0.02	2.00	9.70	-11	13	-9.44	7.44
Net Cash From Investing Activities	-0.51	-0.41	0.50	0.10	1.90	-0.42	-0.40	-0.06	-0.54	-0.26	-8.48
Net Cash From Continuing Investing Activities	-0.51	-0.41	0.50	0.10	2.39	-0.42	-0.40	-0.06	-0.54	-0.26	-8.48
Purchase of Property, Plant & Equipment	-0.51	-0.41	-0.29	-0.21	-0.24	-0.59	-0.40	-0.06	-0.54	-0.26	-8.48
Net Cash From Financing Activities	-2.03	1.72	-1.71	0.06	0.11	-0.10	0.73	-0.50	-1.77	-0.04	4.58
Net Cash From Continuing Financing Activities	-2.03	1.72	-1.71	0.06	0.12	-0.10	0.73	-0.50	-1.77	-0.04	4.58
Repayment of Debt	-2.03	-0.20	-2.45	-0.99	-	-	-	-0.35	-2.05	0.00	0.00
Repurchase of Common Equity	0.00	-0.02	-0.00	-0.00	-0.01	-0.16	-0.17	-0.20	-0.13	-0.04	-4.49
Issuance of Debt	-	1.94	0.74	1.05	-	0.00	0.89	-	-	0.00	8.20
Other Financing Activities, net	-	-	-	-	-	0.00	0.02	0.00	0.37	0.00	0.86
Cash Interest Paid	0.16	0.28	0.31	0.27	0.22	0.23	0.15	0.15	0.94	1.96	2.60
Cash Income Taxes Paid	0.03	0.08	0.07	0.04	0.06	0.07	0.06	0.06	0.04	0.05	0.08

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/6/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Net Change in Cash & Equivalents	18	4.53	-17	2.55	-6.07	38	-23	4.12	14	34	-18
Net Cash From Operating Activities	18	4.59	-17	2.65	-4.33	39	-22	21	16	-18	-15
Net Cash From Continuing Operating Activities	18	4.59	-17	2.65	-4.33	39	-22	21	16	-18	-15
Net Income / (Loss) Continuing Operations	0.32	0.21	0.34	0.02	1.40	2.65	1.91	2.98	1.48	-1.50	2.28
Consolidated Net Income / (Loss)	0.32	0.21	0.34	0.02	1.40	2.65	1.91	2.98	1.48	-1.50	2.28
Depreciation Expense	0.09	0.07	0.07	0.07	0.12	0.21	0.21	0.21	0.84	1.36	1.24
Amortization Expense	-	-	-	-	-	-	-	0.00	-	-0.02	0.01
Non-Cash Adjustments To Reconcile Net Income	0.44	-0.32	0.51	0.16	0.30	0.36	-0.45	1.68	1.45	1.08	1.17
Changes in Operating Assets and Liabilities, net	17	4.63	-18	2.40	-6.15	35	-23	16	13	-19	-20
Net Cash From Investing Activities	-0.02	-0.04	-0.02	-0.04	-1.68	-0.05	-6.72	-15	-11	-6.43	-0.53
Net Cash From Continuing Investing Activities	-0.02	-0.04	-0.02	-0.04	-1.68	-0.05	-6.72	-15	-11	-6.43	-0.53
Purchase of Property, Plant & Equipment	-0.02	-0.04	-0.02	-0.04	-1.68	-0.05	-6.72	-15	-11	-6.43	-0.53
Net Cash From Financing Activities	-0.01	-0.02	-0.01	-0.06	-0.06	-0.45	5.14	-1.65	9.07	59	-2.26
Net Cash From Continuing Financing Activities	-0.01	-0.02	-0.01	-0.06	-0.06	-0.45	5.14	-1.65	9.07	59	-2.26
Repayment of Debt	-	-	-	0.00	-	-	-	0.00	-	-	-0.98
Repurchase of Common Equity	-0.01	-0.02	-0.01	-0.06	-0.06	-0.64	-3.73	-1.65	-2.27	-0.97	-1.36
Other Financing Activities, net	-	-	-	0.00	-	-	0.67	0.01	-	0.01	0.07
Cash Interest Paid	0.53	0.90	0.39	0.32	0.22	1.43	0.63	0.00	0.78	0.45	0.32
Cash Income Taxes Paid	0.03	0.00	-	0.00	0.08	-	-	0.00	0.20	0.00	0.00

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	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	13	8.58	6.73	9.11	18	24	19	31	26	97	185
Total Current Assets	9.51	5.39	3.73	7.43	14	21	12	24	19	58	119
Cash & Equivalents	1.13	2.15	2.27	6.18	8.68	19	7.99	20	12	23	86
Restricted Cash	-	-	-	-	-	-	-	-	-	-	0.00
Accounts Receivable	8.08	2.93	0.99	0.73	3.87	0.92	1.85	2.75	3.53	16	13
Inventories, net	0.07	0.06	0.13	0.11	1.35	0.20	0.85	0.86	2.34	18	16
Prepaid Expenses	0.24	0.25	0.11	0.27	0.11	0.06	0.55	0.18	0.30	0.25	1.64
Other Current Assets	-	-	0.22	0.15	0.18	0.81	0.57	0.23	1.31	0.85	3.01
Plant, Property, & Equipment, net	0.70	0.54	0.42	0.39	0.71	0.66	0.28	0.59	0.63	8.59	38
Total Noncurrent Assets	2.78	2.64	2.58	1.29	2.68	2.16	7.19	6.41	5.66	30	28
Goodwill	1.91	1.91	1.91	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	7.92
Other Noncurrent Operating Assets	0.03	0.03	0.11	0.11	1.59	1.16	6.29	5.59	4.88	29	20
Total Liabilities & Shareholders' Equity	13	8.58	6.73	9.11	18	24	19	31	26	97	185
Total Liabilities	14	10	7.03	6.63	15	21	17	28	22	89	108
Total Current Liabilities	13	9.12	5.34	4.57	12	18	12	24	18	57	73
Short-Term Debt	2.44	0.25	-	-	-	0.00	2.02	-	-	0.00	4.01
Accounts Payable	7.61	5.32	2.84	2.39	8.85	13	7.02	22	14	53	46
Accrued Expenses	-	-	-	-	-	-	-	-	-	-	6.27
Current Deferred Revenue	2.48	2.82	2.49	2.18	2.10	3.96	2.44	2.08	3.37	2.61	14
Other Current Liabilities	0.00	0.74	-	0.00	0.65	0.75	0.64	0.47	0.69	0.97	1.99
Total Noncurrent Liabilities	1.07	0.89	1.70	70	3.10	2.54	4.96	4.31	3.63	33	36
Long-Term Debt	1.04	0.83	1.66	1.84	2.03	2.23	-	-	0.00	8.20	14
Noncurrent Deferred Revenue	-	-	0.00	0.11	0.11	0.10	0.02	-	0.00	0.77	0.00
Other Noncurrent Operating Liabilities	0.04	0.06	0.04	68	0.96	0.21	4.94	4.31	3.63	24	22
Total Equity & Noncontrolling Interests	-0.60	-1.43	-0.31	-65	2.87	3.18	2.20	2.93	3.55	7.14	77
Total Preferred & Common Equity	-0.60	-1.43	-0.31	-65	2.87	3.18	2.20	2.93	3.55	7.14	77
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-0.60	-1.43	-0.31	-65	2.87	3.18	2.20	2.93	3.55	7.14	77
Common Stock	68	69	69	69	70	70	71	72	72	74	122
Retained Earnings	-67	-68	-68	-65	-65	-65	-66	-66	-66	-60	-45

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	25	24	43	45	27	29	67	114	139	165	154
Total Current Assets	18	17	37	38	20	21	60	61	71	100	89
Cash & Equivalents	9.61	6.67	24	29	14	8.31	46	27	37	71	66
Restricted Cash	-	-	-	-	-	-	-	-	-	-	1.81
Accounts Receivable	3.05	2.83	11	6.31	4.57	7.00	7.96	11	14	15	11
Inventories, net	1.74	7.31	1.26	2.13	0.85	4.94	4.98	20	15	11	8.09
Prepaid Expenses	0.29	0.24	0.41	0.34	0.20	0.45	0.37	0.51	1.06	1.18	1.89
Other Current Assets	3.10	0.40	0.13	0.61	0.49	0.52	0.19	1.78	4.42	2.35	0.36
Plant, Property, & Equipment, net	0.31	0.71	0.68	0.66	0.62	2.21	2.06	23	35	39	37
Total Noncurrent Assets	6.80	6.22	6.04	5.85	5.68	5.48	5.27	29	33	26	27
Goodwill	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	7.60
Other Noncurrent Operating Assets	5.96	5.43	5.26	5.07	4.90	4.70	4.49	28	33	25	19
Total Liabilities & Shareholders' Equity	25	24	43	45	27	29	67	114	139	165	154
Total Liabilities	21	22	41	42	23	24	60	104	130	102	75
Total Current Liabilities	17	18	37	38	20	19	56	72	87	66	41
Short-Term Debt	0.00	-	-	-	-	-	-	-	-	4.91	4.08
Accounts Payable	12	15	34	22	16	14	52	66	82	49	23
Accrued Expenses	-	-	-	-	-	-	-	-	-	-	8.88
Current Deferred Revenue	4.27	2.06	1.60	15	2.61	4.96	2.92	4.34	3.33	12	2.31
Other Current Liabilities	0.62	0.64	0.66	0.67	0.75	0.76	0.77	1.65	1.89	0.81	2.05
Total Noncurrent Liabilities	4.47	4.15	3.98	3.81	3.49	4.34	4.00	32	43	36	34
Long-Term Debt	-	-	-	-	-	-	-	8.20	20	19	13
Noncurrent Deferred Revenue	0.00	-	-	-	-	1.04	0.91	0.68	0.50	0.36	0.13
Other Noncurrent Operating Liabilities	4.47	4.15	3.98	3.81	3.49	3.30	3.10	23	23	17	21
Total Equity & Noncontrolling Interests	3.91	2.29	2.75	3.09	3.66	5.15	7.65	9.39	9.54	63	79
Total Preferred & Common Equity	3.91	2.29	2.75	3.09	3.66	5.15	7.65	9.39	9.54	63	79
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3.91	2.29	2.75	3.09	3.66	5.15	7.65	9.39	9.54	63	79
Common Stock	71	72	72	72	72	72	73	75	76	132	122
Retained Earnings	-65	-67	-67	-67	-66	-65	-62	-57	-56	-57	-43

This table displays calculated financial ratios and metrics derived from TSS's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-37.01%	5.37%	-7.17%	-33.09%	21.94%	229.03%	0.00%	-39.17%	11.77%	77.56%	172.33%
EBITDA Growth	11.68%	37.42%	99.50%	27,066.67%	105.93%	-72.03%	19.74%	-118.37%	743.41%	56.94%	349.52%
EBIT Growth	4.77%	25.60%	65.27%	272.61%	159.84%	-83.25%	3.33%	-261.69%	213.97%	91.47%	396.97%
NOPAT Growth	4.04%	25.23%	65.77%	346.71%	159.41%	-37.54%	-167.64%	-137.47%	209.99%	51.05%	757.18%
Net Income Growth	-0.32%	21.33%	53.61%	174.88%	218.15%	-94.83%	0.00%	-1,741.77%	94.37%	201.37%	7,975.68%
EPS Growth	0.00%	26.32%	50.00%	171.43%	160.00%	-92.31%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	129.98%	-349.52%	243.81%	-102.02%	4,322.22%	58.68%	231.58%	-204.55%	240.76%	-156.21%	284.98%
Free Cash Flow Firm Growth	104.04%	-1,369.01%	342.31%	-113.17%	852.77%	-194.50%	114.63%	-208.80%	237.71%	-157.30%	196.00%
Invested Capital Growth	-55.91%	19.00%	-244.28%	63.50%	-102.73%	94.56%	-259.56%	72.30%	-363.70%	52.57%	4.81%
Revenue Q/Q Growth	-14.26%	5.98%	-9.35%	-11.68%	4.28%	700.89%	0.00%	36.55%	-10.61%	32.88%	20.91%
EBITDA Q/Q Growth	21.55%	20.69%	93.10%	3.25%	49.69%	-51.20%	84.16%	18.65%	-32.25%	201.75%	34.08%
EBIT Q/Q Growth	19.41%	12.80%	15.92%	5.25%	64.33%	-68.02%	0.00%	7.82%	-40.49%	479.47%	34.38%
NOPAT Q/Q Growth	19.41%	12.37%	18.32%	7.70%	69.28%	146.53%	0.00%	4.48%	-54.92%	357.15%	30.06%
Net Income Q/Q Growth	16.27%	10.51%	11.43%	13.31%	88.91%	-89.18%	0.00%	-228.35%	-109.09%	105.27%	35.85%
EPS Q/Q Growth	13.64%	17.65%	-16.67%	25.00%	116.67%	-85.71%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-49.27%	-235.66%	161.36%	53.61%	-8.87%	224.54%	201.93%	-439.13%	3,586.26%	-141.89%	-23.89%
Free Cash Flow Firm Q/Q Growth	-85.78%	-239.02%	97.66%	-336.27%	104.85%	-22,683.38%	288.51%	-447.83%	3,070.38%	-140.82%	-59.67%
Invested Capital Q/Q Growth	-59.91%	67.24%	-75.79%	-206.69%	-297.22%	-146.16%	-239.96%	50.45%	-206.42%	67.66%	79.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.59%	28.38%	26.33%	42.18%	37.98%	28.02%	15.10%	23.21%	29.31%	20.22%	15.09%
EBITDA Margin	-6.91%	-4.11%	-0.02%	8.83%	14.92%	3.96%	2.48%	-0.75%	4.31%	3.81%	6.28%
Operating Margin	-8.84%	-6.27%	-2.31%	6.04%	12.83%	2.04%	-0.89%	-3.03%	2.98%	3.22%	5.74%
EBIT Margin	-8.84%	-6.24%	-2.33%	6.02%	12.83%	2.04%	1.10%	-2.93%	2.98%	3.22%	5.87%
Profit (Net Income) Margin	-10.02%	-7.48%	-3.74%	4.18%	10.91%	0.54%	0.18%	-4.73%	-0.24%	0.14%	4.03%
Tax Burden Percent	101.93%	100.96%	101.89%	98.84%	98.94%	75.45%	61.24%	105.28%	429.41%	55.22%	97.42%
Interest Burden Percent	111.20%	118.70%	157.12%	70.26%	85.94%	34.79%	26.01%	153.62%	-1.86%	7.66%	70.53%
Effective Tax Rate	0.00%	0.00%	0.00%	1.16%	1.06%	24.55%	38.76%	0.00%	0.00%	44.78%	2.58%
Return on Invested Capital (ROIC)	-72.42%	-80.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-438.88%	-144.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-61.19%	-1,193.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-133.60%	-1,274.57%	100.74%	-88.25%	223.99%	-0.40%	2.61%	-48.16%	-2.84%	2.28%	111.84%
Cash Return on Invested Capital (CROIC)	5.18%	-98.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-18.02%	-15.72%	-5.92%	14.42%	36.19%	3.60%	2.40%	-3.72%	3.61%	6.14%	14.24%
Return on Assets (ROA)	-20.43%	-18.84%	-9.49%	10.01%	30.78%	0.94%	0.38%	-6.02%	-0.29%	0.26%	9.78%
Return on Common Equity (ROCE)	-133.60%	-1,274.57%	100.74%	-88.25%	223.99%	-0.40%	2.61%	-48.16%	-2.84%	2.28%	111.84%
Return on Equity Simple (ROE_SIMPLE)	-296.30%	367.50%	71.49%	-251.15%	98.23%	4.39%	2.48%	-58.87%	-2.49%	2.09%	83.72%
Net Operating Profit after Tax (NOPAT)	-1.73	-1.29	-0.44	1.09	2.84	0.36	-0.24	-0.58	0.64	0.97	8.28
NOPAT Margin	-6.19%	-4.39%	-1.62%	5.97%	12.70%	1.54%	-0.54%	-2.12%	2.09%	1.78%	5.59%
Net Nonoperating Expense Percent (NNEP)	366.46%	63.73%	92.05%	-38.65%	-16.10%	-4.30%	2.77%	-6.29%	-5.41%	-5.54%	-17.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	27.23%	54.01%
Cost of Revenue to Revenue	69.41%	71.62%	73.67%	57.82%	62.02%	71.98%	84.90%	76.79%	70.69%	79.78%	84.91%
SG&A Expenses to Revenue	37.68%	32.73%	29.77%	35.26%	28.53%	24.41%	14.81%	24.28%	25.08%	16.42%	8.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.43%	34.65%	28.65%	36.14%	25.15%	25.98%	15.98%	26.24%	26.33%	17.01%	9.35%
Earnings before Interest and Taxes (EBIT)	-2.47	-1.84	-0.64	1.10	2.87	0.48	0.50	-0.80	0.91	1.75	8.70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1.94	-1.21	-0.01	1.62	3.33	0.93	1.12	-0.21	1.32	2.07	9.31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.12	0.00	0.00	0.00	6.69	10.14	4.01	3.87	4.10	1.66	41.59
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	12.74	16.32	5.83	6.58	5.67	2.12	46.69
Price to Revenue (P/Rev)	0.21	0.07	0.02	0.44	0.74	1.24	0.28	0.31	0.39	0.11	2.00
Price to Earnings (P/E)	0.00	0.00	0.00	10.55	6.81	230.81	161.40	0.00	0.00	79.44	46.64
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%	9.48%	14.68%	0.43%	0.62%	0.00%	0.00%	1.26%	2.14%
Enterprise Value to Invested Capital (EV/IC)	4.31	2.45	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.23	0.14	0.00	0.41	0.55	0.95	0.00	0.09	0.00	0.00	1.90
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	4.62	3.68	24.07	0.00	0.00	0.00	0.00	30.29
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	6.77	4.28	46.73	0.00	0.00	0.00	0.00	32.40
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	6.83	4.32	61.94	0.00	0.00	0.00	0.00	34.02
Enterprise Value to Operating Cash Flow (EV/OCF)	10.15	0.00	0.00	0.00	6.45	7.44	0.00	0.00	0.00	0.00	18.42
Enterprise Value to Free Cash Flow (EV/FCFF)	50.93	0.00	0.00	0.00	3.25	0.00	0.00	0.00	0.00	0.00	35.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.00	-5.79	-0.75	-5.43	0.74	0.71	0.70	0.92	0.00	0.00	1.15
Long-Term Debt to Equity	0.61	-1.73	-0.58	-5.43	0.74	0.71	0.70	0.00	0.00	0.00	1.15
Financial Leverage	0.14	8.26	-0.62	0.98	-2.28	0.18	-3.87	-4.22	-5.13	-4.97	-2.51
Leverage Ratio	6.54	67.66	-10.62	-8.82	7.28	-0.43	6.84	8.00	9.87	8.79	11.43
Compound Leverage Factor	7.27	80.30	-16.69	-6.19	6.25	-0.15	1.78	12.29	-0.18	0.67	8.06
Debt to Total Capital	66.70%	120.88%	-297.50%	122.58%	42.56%	41.41%	41.24%	47.87%	0.00%	0.00%	53.46%
Short-Term Debt to Total Capital	46.46%	84.82%	-68.33%	0.00%	0.00%	0.00%	0.00%	47.87%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.24%	36.06%	-229.17%	122.58%	42.56%	41.41%	41.24%	0.00%	0.00%	0.00%	53.46%
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	33.30%	-20.88%	397.50%	-22.58%	57.44%	58.59%	58.76%	52.13%	100.00%	100.00%	46.54%
Debt to EBITDA	-0.98	-2.87	-178.50	1.02	0.55	2.18	2.00	-9.87	0.00	0.00	0.88
Net Debt to EBITDA	-0.27	-1.93	180.17	-0.38	-1.30	-7.14	-15.03	29.12	0.00	0.00	-1.61
Long-Term Debt to EBITDA	-0.30	-0.86	-137.50	1.02	0.55	2.18	2.00	0.00	0.00	0.00	0.88
Debt to NOPAT	-1.09	-2.68	-2.42	1.51	0.65	5.60	-9.12	-3.48	0.00	0.00	0.99
Net Debt to NOPAT	-0.30	-1.81	2.44	-0.56	-1.53	-18.36	68.49	10.26	0.00	0.00	-1.81
Long-Term Debt to NOPAT	-0.33	-0.80	-1.86	1.51	0.65	5.60	-9.12	0.00	0.00	0.00	0.99
Altman Z-Score	-6.74	-5.65	-8.71	-10.41	-4.65	-2.39	-1.34	-3.25	-1.63	-1.07	2.96
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	0.76	0.76	0.59	0.70	1.63	1.22	1.16	0.97	1.01	1.05	1.02
Quick Ratio	0.72	0.74	0.56	0.61	1.51	1.08	1.10	0.81	0.96	0.83	0.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.12	-1.57	3.81	-0.50	3.78	-65	9.57	-10	14	-8.21	7.89
Operating Cash Flow to CapEx	122.68%	-377.62%	769.66%	-21.23%	785.12%	507.58%	2,524.49%	-16,331.25%	2,744.78%	-3,217.51%	180.31%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.17	2.88
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.20	5.59
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.33	2.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.04	2.52	2.54	2.39	2.82	1.76	2.18	1.27	1.21	1.91	2.43
Accounts Receivable Turnover	4.01	4.51	4.97	9.35	26.02	10.24	18.85	19.86	13.35	17.35	15.02
Inventory Turnover	104.71	191.99	322.64	109.75	114.48	23.18	49.37	40.32	25.34	27.08	12.57
Fixed Asset Turnover	50.56	42.98	43.94	38.08	55.28	42.96	65.93	58.13	70.59	89.55	32.14
Accounts Payable Turnover	2.96	3.21	3.12	2.60	5.30	3.01	3.44	2.06	1.51	2.41	3.72
Days Sales Outstanding (DSO)	90.95	80.92	73.40	39.04	14.03	35.63	19.36	18.38	27.35	21.04	24.31
Days Inventory Outstanding (DIO)	3.49	1.90	1.13	3.33	3.19	15.75	7.39	9.05	14.40	13.48	29.04
Days Payable Outstanding (DPO)	123.43	113.68	116.99	140.61	68.92	121.17	106.02	176.79	241.28	151.30	98.22
Cash Conversion Cycle (CCC)	-28.99	-30.86	-42.46	-98.25	-51.70	-69.79	-79.26	-149.35	-199.53	-116.78	-44.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1.46	1.74	-2.51	-0.92	-1.86	-3.78	-14	-3.77	-17	-8.28	-7.88
Invested Capital Turnover	11.71	18.41	-71.01	-10.68	-16.09	-0.64	-5.19	-3.16	-2.89	-4.23	-18.33
Increase / (Decrease) in Invested Capital	-1.86	0.28	-4.25	1.60	-0.94	66	-9.81	9.83	-14	9.18	0.40
Enterprise Value (EV)	6.31	4.27	-0.46	7.47	12	22	-4.03	2.56	-8.38	-5.95	282
Market Capitalization	5.79	1.93	0.62	8.08	17	29	13	8.53	12	5.88	297
Book Value per Share	$0.06	($0.04)	($0.09)	($0.02)	$0.13	$0.16	$0.17	$0.12	$0.14	$0.16	$0.32
Tangible Book Value per Share	($0.13)	($0.21)	($0.26)	($0.18)	$0.07	$0.10	$0.12	$0.07	$0.10	$0.13	$0.28
Total Capital	2.84	2.87	-0.36	1.35	4.32	4.90	5.42	4.23	2.93	3.55	15
Total Debt	1.90	3.47	1.07	1.66	1.84	2.03	2.23	2.02	0.00	0.00	8.20
Total Long-Term Debt	0.58	1.04	0.83	1.66	1.84	2.03	2.23	0.00	0.00	0.00	8.20
Net Debt	0.52	2.34	-1.08	-0.61	-4.34	-6.65	-17	-5.97	-20	-12	-15
Capital Expenditures (CapEx)	0.51	0.41	0.29	0.21	0.24	0.59	0.40	0.06	0.54	0.26	8.48
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2.17	-1.70	-5.64	-3.87	-3.32	-6.09	-16	-6.28	-20	-11	-22
Debt-free Net Working Capital (DFNWC)	-0.79	-0.57	-3.48	-1.61	2.86	2.59	2.90	1.71	0.25	0.89	1.28
Net Working Capital (NWC)	-2.11	-3.01	-3.73	-1.61	2.86	2.59	2.90	-0.31	0.25	0.89	1.28
Net Nonoperating Expense (NNE)	1.07	0.91	0.58	0.33	0.40	0.24	-0.32	0.72	0.71	0.89	2.31
Net Nonoperating Obligations (NNO)	0.52	2.34	-1.08	-0.61	-4.34	-6.65	-17	-5.97	-20	-12	-15
Total Depreciation and Amortization (D&A)	0.54	0.63	0.63	0.52	0.47	0.45	0.62	0.60	0.41	0.32	0.61
Debt-free, Cash-free Net Working Capital to Revenue	-7.74%	-5.77%	-20.59%	-21.15%	-14.85%	-25.90%	-35.75%	-22.91%	-65.77%	-20.11%	-14.81%
Debt-free Net Working Capital to Revenue	-2.82%	-1.93%	-12.72%	-8.77%	12.81%	10.99%	6.44%	6.25%	0.81%	1.64%	0.86%
Net Working Capital to Revenue	-7.53%	-10.20%	-13.62%	-8.77%	12.81%	10.99%	6.44%	-1.13%	0.81%	1.64%	0.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.19)	($0.14)	($0.07)	$0.05	$0.16	$0.01	$0.00	($0.07)	$0.00	$0.00	$0.27
Adjusted Weighted Average Basic Shares Outstanding	15.02M	15.54M	15.62M	15.54M	15.53M	0.00	17.96M	18.87M	21.54M	21.77M	25.03M
Adjusted Diluted Earnings per Share	($0.19)	($0.14)	($0.07)	$0.05	$0.13	$0.01	$0.00	$0.00	$0.00	$0.00	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	15.66M	15.64M	15.62M	15.54M	18.70M	17.84M	17.96M	18.87M	21.54M	21.77M	25.03M
Adjusted Basic & Diluted Earnings per Share	($0.19)	($0.14)	($0.07)	$0.00	$0.16	$0.01	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.66M	15.64M	15.41M	15.54M	15.53M	0.00	17.96M	18.87M	21.54M	21.77M	25.03M
Normalized Net Operating Profit after Tax (NOPAT)	-1.73	-1.29	-0.44	1.09	2.84	0.36	-0.24	-0.58	0.64	0.97	8.28
Normalized NOPAT Margin	-6.19%	-4.39%	-1.62%	5.97%	12.70%	1.54%	-0.54%	-2.12%	2.09%	1.78%	5.59%
Pre Tax Income Margin	-9.83%	-7.41%	-3.67%	4.23%	11.03%	0.71%	0.29%	-4.49%	-0.06%	0.25%	4.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.89	3.18
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.49	3.03
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.76	0.08
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.36	-0.07
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%	-0.86%	-0.10%	0.52%	0.25%	125.40%	220.25%	-15.19%	-183.56%	54.05%	75.05%

This table displays calculated financial ratios and metrics derived from TSS's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	25,020,498.00	25,364,244.00	28,845,037.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	25,020,498.00	25,364,244.00	28,845,037.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.06	-0.06	0.08
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	126.40%	9.94%	122.97%	141.74%	-16.36%	689.05%	104.95%	522.70%	261.63%	-40.23%	-44.07%
EBITDA Growth	4.22%	-16.28%	235.37%	156.42%	70.84%	408.64%	272.74%	1,230.15%	69.60%	-89.92%	23.47%
EBIT Growth	3.83%	-17.91%	200.28%	138.05%	74.36%	430.63%	280.14%	1,525.69%	31.53%	-124.35%	-13.99%
NOPAT Growth	1.32%	-25.03%	237.13%	132.61%	77.71%	487.13%	277.01%	2,565.64%	28.01%	-117.31%	-25.42%
Net Income Growth	-59.14%	-65.45%	129.45%	101.91%	345.08%	1,166.03%	469.35%	19,760.00%	5.78%	-156.58%	-23.60%
EPS Growth	-75.00%	-66.67%	0.00%	100.00%	500.00%	900.00%	300.00%	0.00%	0.00%	-160.00%	-33.33%
Operating Cash Flow Growth	497.53%	48.80%	-250.98%	119.53%	-124.68%	741.73%	-28.50%	679.93%	477.45%	-147.71%	-172.34%
Free Cash Flow Firm Growth	1,430.26%	2,063.91%	-164.34%	232.14%	-187.59%	-17.54%	126.14%	-52.74%	140.60%	-430.73%	-2,297.91%
Invested Capital Growth	-527.23%	-349.39%	52.57%	-144.90%	85.26%	-51.47%	4.81%	9.10%	-145.71%	142.81%	386.57%
Revenue Q/Q Growth	121.13%	-38.91%	174.86%	-34.89%	-23.49%	476.26%	-28.61%	97.82%	-55.57%	-4.75%	0.00%
EBITDA Q/Q Growth	284.55%	-25.96%	1.14%	-59.17%	458.77%	120.43%	-25.88%	45.70%	-28.75%	-86.85%	0.00%
EBIT Q/Q Growth	246.62%	-26.67%	1.40%	-65.10%	571.94%	123.18%	-27.36%	49.24%	-45.64%	-141.46%	0.00%
NOPAT Q/Q Growth	301.77%	-31.71%	8.21%	-78.13%	999.50%	125.61%	-30.51%	54.65%	-47.20%	-130.50%	0.00%
Net Income Q/Q Growth	140.08%	-33.65%	60.77%	-95.54%	9,246.67%	88.73%	-27.70%	55.72%	-50.22%	-200.94%	0.00%
EPS Q/Q Growth	125.00%	0.00%	100.00%	-100.00%	0.00%	66.67%	-20.00%	50.00%	-50.00%	-200.00%	0.00%
Operating Cash Flow Q/Q Growth	229.46%	-73.83%	-467.14%	115.71%	-263.57%	992.49%	-156.05%	195.33%	-20.84%	-212.81%	0.00%
Free Cash Flow Firm Q/Q Growth	485.32%	8.49%	-141.29%	176.55%	-355.42%	202.14%	-86.91%	38.40%	119.40%	-932.09%	0.00%
Invested Capital Q/Q Growth	-389.15%	-19.57%	67.66%	-29.49%	70.56%	-1,128.82%	79.68%	-23.64%	20.42%	314.12%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.16%	31.87%	13.37%	17.08%	37.31%	11.26%	14.42%	9.31%	17.77%	11.07%	15.91%
EBITDA Margin	7.31%	8.86%	3.26%	2.05%	14.94%	5.71%	5.93%	4.37%	7.00%	0.97%	6.37%
Operating Margin	6.71%	8.05%	2.97%	1.59%	13.98%	5.41%	5.51%	4.16%	5.09%	-2.22%	4.11%
EBIT Margin	6.71%	8.05%	2.97%	1.59%	13.98%	5.41%	5.51%	4.16%	5.09%	-2.21%	4.11%
Profit (Net Income) Margin	2.17%	2.35%	1.38%	0.09%	11.53%	3.78%	3.82%	3.01%	3.37%	-3.57%	4.11%
Tax Burden Percent	96.33%	89.70%	95.73%	60.00%	98.18%	99.25%	94.94%	98.38%	95.55%	103.46%	85.34%
Interest Burden Percent	33.54%	32.59%	48.41%	9.88%	84.00%	70.27%	73.11%	73.62%	69.41%	156.09%	117.23%
Effective Tax Rate	3.67%	10.30%	4.27%	40.00%	1.82%	0.75%	5.06%	1.62%	4.45%	0.00%	14.66%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-35.59%	-40.10%	2.28%	29.43%	49.63%	81.87%	111.84%	137.01%	122.80%	13.73%	0.00%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-286.94%	-134.90%
Operating Return on Assets (OROA)	8.43%	9.49%	5.67%	3.97%	23.76%	11.86%	13.36%	13.70%	15.89%	-4.47%	0.00%
Return on Assets (ROA)	2.72%	2.77%	2.63%	0.24%	19.59%	8.27%	9.27%	9.92%	10.54%	-7.21%	0.00%
Return on Common Equity (ROCE)	-35.59%	-40.10%	2.28%	29.43%	49.63%	81.87%	111.84%	137.01%	122.80%	13.73%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-36.59%	-45.38%	0.00%	23.91%	38.07%	57.47%	0.00%	95.20%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.94	0.64	0.69	0.15	1.67	3.77	2.62	4.05	2.14	-0.65	1.94
NOPAT Margin	6.46%	7.22%	2.84%	0.96%	13.73%	5.37%	5.23%	4.09%	4.86%	-1.56%	3.51%
Net Nonoperating Expense Percent (NNEP)	-4.09%	-2.26%	-2.22%	-1.30%	-1.64%	-2.98%	-5.24%	-6.37%	-5.11%	-1.81%	0.96%
Return On Investment Capital (ROIC_SIMPLE)	-	-	19.56%	4.15%	-	-	17.06%	23.00%	7.35%	-0.75%	2.03%
Cost of Revenue to Revenue	77.84%	68.13%	86.63%	82.92%	62.69%	88.74%	85.58%	90.69%	82.23%	88.93%	84.09%
SG&A Expenses to Revenue	14.85%	23.01%	10.11%	15.03%	22.36%	5.54%	8.49%	4.94%	10.77%	12.51%	9.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.46%	23.82%	10.40%	15.49%	23.32%	5.84%	8.91%	5.15%	12.69%	13.29%	11.80%
Earnings before Interest and Taxes (EBIT)	0.98	0.72	0.73	0.25	1.70	3.79	2.76	4.11	2.24	-0.93	2.28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.06	0.79	0.80	0.33	1.82	4.00	2.97	4.32	3.08	0.41	3.53
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.95	2.79	1.66	3.80	10.09	20.94	41.59	20.91	76.67	8.24	4.64
Price to Tangible Book Value (P/TBV)	4.11	3.73	2.12	4.82	11.89	23.32	46.69	22.81	83.50	8.34	4.69
Price to Revenue (P/Rev)	0.20	0.21	0.11	0.22	0.85	1.31	2.00	0.85	2.78	2.22	0.00
Price to Earnings (P/E)	0.00	0.00	79.44	15.87	26.51	36.43	46.64	21.06	77.72	99.20	0.00
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%	1.26%	6.30%	3.77%	2.74%	2.14%	4.75%	1.29%	1.01%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	28.63	11.26
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.71	0.93	1.90	0.77	2.71	2.03	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	11.73	16.40	30.29	13.33	49.67	44.06	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	12.88	17.59	32.40	14.12	55.35	58.18	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	13.37	17.87	34.02	14.65	56.82	61.40	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	5.66	18.42	5.33	13.23	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	5.82	35.74	15.94	41.59	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	1.15	0.87	2.05	0.38	0.22
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	1.15	0.87	2.05	0.30	0.16
Financial Leverage	-5.39	-5.47	-4.97	-3.54	-4.11	-6.99	-2.51	-2.57	-1.74	-1.31	-0.79
Leverage Ratio	11.29	9.93	8.79	8.60	9.13	10.41	11.43	10.75	11.46	3.27	3.03
Compound Leverage Factor	3.79	3.24	4.26	0.85	7.67	7.32	8.36	7.92	7.95	5.11	3.56
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.46%	46.61%	67.20%	27.37%	17.81%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.62%	4.27%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.46%	46.61%	67.20%	21.75%	13.54%
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	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	46.54%	53.39%	32.80%	72.63%	82.19%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.88	0.62	1.36	2.21	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	-1.61	-1.44	-1.20	-4.34	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.88	0.62	1.36	1.76	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.99	0.68	1.56	3.09	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-1.81	-1.58	-1.38	-6.04	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.99	0.68	1.56	2.45	0.00
Altman Z-Score	-1.04	-0.99	-1.21	-0.66	0.56	2.40	2.76	2.46	4.61	4.24	2.96
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	1.00	1.01	1.05	1.04	1.09	1.08	1.02	0.85	0.81	1.52	2.18
Quick Ratio	0.95	0.93	0.83	0.97	0.79	0.98	0.69	0.53	0.58	1.30	1.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	19	21	-8.49	6.50	-17	17	2.22	3.07	6.74	-56	-36
Operating Cash Flow to CapEx	87,675.00%	13,111.43%	-99,105.88%	6,784.62%	-257.31%	85,837.78%	-322.30%	138.75%	149.79%	-286.74%	-2,795.51%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	19.81	0.00	0.00	0.00	2.09	7.84	-58.76	-107.33
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	8.07	0.00	0.00	0.00	14.06	19.02	-19.32	-44.83
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	7.95	0.00	0.00	0.00	3.93	6.32	-26.05	-46.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.26	1.18	1.91	2.49	1.70	2.19	2.43	3.30	3.12	2.02	0.00
Accounts Receivable Turnover	6.57	8.75	17.35	17.23	6.97	17.18	15.02	29.58	25.06	20.65	0.00
Inventory Turnover	40.86	16.16	27.08	12.68	15.48	29.27	12.57	19.05	23.65	25.27	0.00
Fixed Asset Turnover	84.94	84.32	89.55	96.10	42.58	90.13	32.14	19.35	14.03	11.42	0.00
Accounts Payable Turnover	1.52	1.85	2.41	3.28	2.00	2.81	3.72	4.91	4.82	4.10	0.00
Days Sales Outstanding (DSO)	55.58	41.71	21.04	21.19	52.37	21.25	24.31	12.34	14.57	17.67	0.00
Days Inventory Outstanding (DIO)	8.93	22.59	13.48	28.79	23.58	12.47	29.04	19.16	15.43	14.45	0.00
Days Payable Outstanding (DPO)	239.48	197.75	151.30	111.33	182.51	130.02	98.22	74.41	75.65	89.07	0.00
Cash Conversion Cycle (CCC)	-174.97	-133.44	-116.78	-61.36	-106.56	-96.30	-44.88	-42.91	-45.65	-56.95	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-21	-26	-8.28	-11	-3.16	-39	-7.88	-9.75	-7.76	17	28
Invested Capital Turnover	-3.23	-2.62	-4.23	-8.44	-4.99	-3.80	-18.33	-22.59	-48.20	-21.17	0.00
Increase / (Decrease) in Invested Capital	-18	-20	9.18	-6.35	18	-13	0.40	0.98	-4.60	55	38
Enterprise Value (EV)	-16	-20	-5.95	-0.49	44	114	282	177	714	476	315
Market Capitalization	8.11	8.63	5.88	14	52	160	297	196	731	522	365
Book Value per Share	$0.13	$0.14	$0.16	$0.17	$0.23	$0.32	$0.32	$0.42	$0.38	$2.50	$2.80
Tangible Book Value per Share	$0.09	$0.11	$0.13	$0.13	$0.20	$0.29	$0.28	$0.38	$0.35	$2.47	$2.77
Total Capital	2.75	3.09	3.55	3.66	5.15	7.65	15	18	29	87	96
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	8.20	8.20	20	24	17
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	8.20	8.20	20	19	13
Net Debt	-24	-29	-12	-14	-8.31	-46	-15	-19	-17	-47	-51
Capital Expenditures (CapEx)	0.02	0.04	0.02	0.04	1.68	0.05	6.72	15	11	6.43	0.53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-24	-28	-11	-14	-6.50	-42	-22	-38	-53	-31	-16
Debt-free Net Working Capital (DFNWC)	0.02	0.39	0.89	0.85	1.81	4.32	1.28	-11	-16	39	52
Net Working Capital (NWC)	0.02	0.39	0.89	0.85	1.81	4.32	1.28	-11	-16	34	48
Net Nonoperating Expense (NNE)	0.62	0.43	0.36	0.14	0.27	1.12	0.70	1.07	0.65	0.85	-0.34
Net Nonoperating Obligations (NNO)	-24	-29	-12	-14	-8.31	-46	-15	-19	-17	-47	-51
Total Depreciation and Amortization (D&A)	0.09	0.07	0.07	0.07	0.12	0.21	0.21	0.21	0.84	1.33	1.25
Debt-free, Cash-free Net Working Capital to Revenue	-60.18%	-69.15%	-20.11%	-21.24%	-10.60%	-34.38%	-14.81%	-16.64%	-20.22%	-13.40%	0.00%
Debt-free Net Working Capital to Revenue	0.05%	0.96%	1.64%	1.33%	2.95%	3.53%	0.86%	-4.81%	-6.22%	16.70%	0.00%
Net Working Capital to Revenue	0.05%	0.96%	1.64%	1.33%	2.95%	3.53%	0.86%	-4.81%	-6.22%	14.61%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	$0.01	$0.02	$0.00	$0.06	$0.12	$0.09	$0.13	$0.06	($0.06)	$0.08
Adjusted Weighted Average Basic Shares Outstanding	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M	25.36M	28.85M	28.07M
Adjusted Diluted Earnings per Share	$0.01	$0.01	$0.02	$0.00	$0.06	$0.10	$0.08	$0.12	$0.06	($0.06)	$0.08
Adjusted Weighted Average Diluted Shares Outstanding	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M	25.36M	28.85M	28.07M
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	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M	25.36M	28.85M	28.07M
Normalized Net Operating Profit after Tax (NOPAT)	0.94	0.64	0.69	0.15	1.67	3.77	2.62	4.05	2.14	-0.65	1.94
Normalized NOPAT Margin	6.46%	7.22%	2.84%	0.96%	13.73%	5.37%	5.23%	4.09%	4.86%	-1.56%	3.51%
Pre Tax Income Margin	2.25%	2.62%	1.44%	0.16%	11.74%	3.80%	4.03%	3.06%	3.53%	-3.45%	4.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.77	0.00	0.00	0.00	2.80	2.60	-0.97	6.83
NOPAT to Interest Expense	0.00	0.00	0.00	0.46	0.00	0.00	0.00	2.76	2.49	-0.68	5.83
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.65	0.00	0.00	0.00	-7.33	-10.09	-7.71	5.23
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.34	0.00	0.00	0.00	-7.38	-10.21	-7.42	4.22
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	-14.00%	-6.20%	54.05%	10.74%	7.49%	17.30%	75.05%	68.05%	91.87%	176.81%	0.00%

Financials Breakdown Chart

Key Financial Trends

TSS, Inc. (NASDAQ: TSSI) shows a sharp turnaround in scale and profitability, but also a much more leveraged and working-capital-intensive balance sheet than a year ago. Over the last several quarters, revenue has risen meaningfully, operating income has improved from losses to profits, and the company has been generating positive net income. At the same time, liabilities have expanded quickly, cash has swung around materially, and recent operating cash flow was negative in Q1 2026 due to a large use of working capital.

Revenue has grown strongly year over year. Q1 2026 revenue was $55.3 million, up from $41.9 million in Q3 2025 and far above $15.9 million in Q1 2024.
Profitability has improved dramatically. TSSI went from a small loss in Q3 2025 to $2.3 million of net income in Q1 2026.
Operating margin has recovered. Operating income improved from a $0.9 million loss in Q3 2025 to $2.3 million of operating income in Q1 2026.
Gross profit dollars are higher. Q1 2026 gross profit was $8.8 million, up from $4.6 million in Q3 2025 and $2.7 million in Q1 2024.
Cash remains relatively strong despite volatility. TSSI ended Q1 2026 with $65.0 million in cash and equivalents, plus $1.8 million of restricted cash.
Share count has been trending lower in recent quarters. Weighted average basic shares fell from 28.8 million in Q3 2025 to 28.1 million in Q1 2026, helping EPS.
Depreciation and amortization remain meaningful non-cash add-backs. That supports reported earnings, but it also signals a capital-intensive business model.
Capital spending is still ongoing. The company spent $0.5 million on PP&E in Q1 2026 after heavier spending in prior quarters.
Operating cash flow was negative in Q1 2026. Cash from operations was a $14.9 million outflow, driven by a $19.6 million use of working capital.
Liabilities have risen sharply versus earlier periods. Total liabilities were $74.9 million in Q1 2026, up from $23.1 million in Q1 2024.

Revenue and earnings trend: The company’s revenue base has expanded significantly since 2023. After posting $6.6 million of revenue in Q1 2023, TSSI reached $55.3 million in Q1 2026. The biggest recent step-up came through 2024 and 2025, with quarterly revenue generally staying well above prior-year levels. Profitability followed the same direction: the company moved from small profits or losses in 2023 and early 2024 to more consistent operating profits in 2025, and Q1 2026 produced solid bottom-line earnings of $2.3 million.

Margin picture: Gross margin has been improving in absolute dollars, but cost of revenue remains the largest expense line. In Q1 2026, cost of revenue was $46.5 million on $55.3 million of sales, leaving gross profit of $8.8 million. Operating expenses were $6.5 million, so the company converted a healthy portion of gross profit into operating income. That is a positive sign, though margin strength still appears sensitive to revenue mix and project execution.

Cash flow: This is where the picture is more mixed. Q1 2026 net income was positive, but operating cash flow was negative because working capital absorbed nearly $19.6 million. That kind of divergence can happen in a growing business, especially when receivables, inventories, or contract assets ramp up quickly. Still, investors should watch this closely because earnings growth without cash conversion can be less durable.

Balance sheet: TSSI’s asset base expanded sharply to $153.6 million in Q1 2026 from $113.5 million in Q1 2025. Cash also increased from $27.3 million in Q1 2025 to $65.9 million in Q1 2026, but liabilities rose too, with total liabilities reaching $74.9 million. The company still has positive equity of $78.7 million, but retained earnings remain deeply negative, which tells you the business has a long history of accumulated losses that are only now being offset by recent profits.

Overall: TSSI looks like a company in growth mode that has recently reached a more profitable operating profile. The main positives are strong top-line growth, improving earnings, and a sizable cash balance. The main risks are weak operating cash flow in the latest quarter, a heavier liability load, and dependence on working-capital management. For retail investors, the story is improving, but it is still important to confirm that earnings can translate into sustained cash generation.

07/25/26 12:58 PM ETAI Generated. May Contain Errors.

TSS Financials - Frequently Asked Questions

According to the most recent income statement we have on file, TSS's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

TSS's net income appears to be on an upward trend, with a most recent value of $5.98 million in 2024, falling from -$2.80 million in 2014. The previous period was $74 thousand in 2023. View TSS's forecast to see where analysts expect TSS to go next.

TSS's total operating income in 2024 was $8.50 million, based on the following breakdown:

Total Gross Profit: $22.35 million
Total Operating Expenses: $13.85 million

Over the last 10 years, TSS's total revenue changed from $27.99 million in 2014 to $148.14 million in 2024, a change of 429.4%.

TSS's total liabilities were at $108.30 million at the end of 2025, a 21.1% increase from 2024, and a 696.7% increase since 2015.

In the past 10 years, TSS's cash and equivalents has ranged from $1.13 million in 2015 to $85.51 million in 2025, and is currently $85.51 million as of their latest financial filing in 2025.

Over the last 10 years, TSS's book value per share changed from 0.06 in 2014 to 0.32 in 2024, a change of 410.6%.

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Financial statements for NASDAQ:TSSI last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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TSS (TSSI) Financials

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TSS (TSSI) Financials

Annual Income Statements for TSS

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Quarterly Metrics And Ratios for TSS

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Key Financial Trends

TSS Financials - Frequently Asked Questions

When does TSS's fiscal year end?

How has TSS's net income changed over the last 10 years?

What is TSS's operating income?

How has TSS's revenue changed over the last 10 years?

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