What are the investment strengths of TSS Inc (TSSI)?

Profitable small-cap (8.2M operating income TTM) with 7x industry asset efficiency and 70.7M cash cushion post-equity raise EPS growth 68% 3Y CAGR vs industry median 10% - consistent execution despite investment cycle drag on FCF

What are the investment risks for TSS Inc (TSSI)?

Gross margin 12% vs industry median 51% - commodity-like economics with minimal pricing power P/E 40x for 3.5% operating margin business - priced for perfection despite negative FCF and recent dilution

TSS Inc

TSSI

—

Build a strategy around TSSI

TSS Inc AI Insights

Informational only. Not investment advice.

As of 2025-12-12

Snapshot

CapEx of 38.9M TTM (16.6% of revenue) driving -42M FCF despite profitable operations - heavy infrastructure build phase[Capital Expenditure TTM]
Asset turnover 2.0x vs industry median 0.27x - 7.4x more capital efficient, generating 235M revenue on 165M assets[Asset Turnover TTM]
Net stock issuance of 54.3M TTM funded expansion - dilutive but cash position now 70.7M (43% of assets)[Net Common Stock Issuance]

Watch Triggers

Capital Expenditure TTM: Drops below 10M quarterly run-rate — Signals investment cycle end and FCF inflection point
Gross Margin TTM: Rises above 15% — Would indicate pricing power or mix shift improving unit economics
Free Cash Flow TTM: Turns positive — Validates thesis that CapEx was investment, not structural cash burn

Bull Case

Profitable small-cap (8.2M operating income TTM) with 7x industry asset efficiency and 70.7M cash cushion post-equity raise

Operating Income TTMAsset Turnover TTMCash and Equivalents

EPS growth 68% 3Y CAGR vs industry median 10% - consistent execution despite investment cycle drag on FCF

EPS Growth 3Y TTMROE TTMROIC TTM

Bear Case

Gross margin 12% vs industry median 51% - commodity-like economics with minimal pricing power

Gross Margin TTMOperating Margin TTM

P/E 40x for 3.5% operating margin business - priced for perfection despite negative FCF and recent dilution

PE RatioFree Cash Flow TTMNet Common Stock Issuance

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

45%

Leverage TSSI's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.

Take Me to The Editor

Forward Thesis

CapEx cycle completion should flip FCF positive within 12-18 months

1-3ymed

PPE now 54.9M after 38.9M investment cycle
Operating income 8.2M TTM proves core profitability
Cash of 70.7M provides runway through transition

Operating margin 3.5% vs industry median 0%ROE 13.7% vs industry median -27%ROIC 8.4% vs industry median -22%

Valuation Context

Caveats

Public Strategies Rankings

See how TSS Inc ranks across different investment strategies.

Leverage TSSI's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.

TSSI Fundamentals

Professional, Scientific, and Technical Services → Professional, Scientific, and Technical Services

Metric	Value	YoY Growth	Industry Percentile
Market Cap	$0		—
Enterprise Value	$0		—
P/E Ratio	0.00		—
Total Revenue - TTM	$245.72M	+65.9%	—
Earnings Per Share (diluted) - TTM	$0.00		—
Operating Margin - TTM	4.33%	-1.4%	—
Net Margin - TTM	6.16%	+2.1%	—
Free Cash Flow - TTM	$2.12M	-68.9%	—
Return on Common Equity - TTM	36.1%	-75.7%	—
Beta 5Y (Monthly)	unknown		—

TSSI Dividend History

No dividends

TSSI Stock Splits

No stock splits

TSSI SEC Filings

Filing Date	Report Date	Report Type	Filing Link
03/18/26	12/31/25	10-K	0001654954-26-002342
11/13/25	09/30/25	10-Q	0001654954-25-012989
08/11/25	06/30/25	10-Q	0001654954-25-009327
05/15/25	03/31/25	10-Q	0001654954-25-005742
04/15/25	12/31/24	10-K	0001654954-25-004295
11/14/24	09/30/24	10-Q	0001437749-24-035318
08/14/24	06/30/24	10-Q	0001437749-24-026834
05/14/24	03/31/24	10-Q	0001437749-24-016663
04/15/25	12/31/23	10-K	0001654954-25-004295
03/29/24	12/31/23	10-K	0001437749-24-009879
11/13/23	09/30/23	10-Q	0001437749-23-031647
08/14/23	06/30/23	10-Q	0001437749-23-023750
05/15/23	03/31/23	10-Q	0001437749-23-014590
03/31/23	12/31/22	10-K	0001437749-23-008857
11/14/22	09/30/22	10-Q	0001437749-22-027308
08/15/22	06/30/22	10-Q	0001437749-22-020546
05/16/22	03/31/22	10-Q	0001437749-22-012634
03/30/22	12/31/21	10-K	0001437749-22-007676
11/15/21	09/30/21	10-Q	0001437749-21-026742
08/16/21	06/30/21	10-Q	0001437749-21-020210
05/17/21	03/31/21	10-Q	0001437749-21-012523
03/29/21	12/31/20	10-K	0001437749-21-007443
11/16/20	09/30/20	10-Q	0001437749-20-023998
08/14/20	06/30/20	10-Q	0001437749-20-018034
05/15/20	03/31/20	10-Q	0001437749-20-011050
03/24/20	12/31/19	10-K	0001437749-20-006028
11/14/19	09/30/19	10-Q	0001437749-19-022918
08/14/19	06/30/19	10-Q	0001437749-19-016801
05/15/19	03/31/19	10-Q	0001437749-19-010059
03/21/19	12/31/18	10-K	0001437749-19-005421
11/14/18	09/30/18	10-Q	0001437749-18-020815
08/14/18	06/30/18	10-Q	0001437749-18-015604
05/15/18	03/31/18	10-Q	0001437749-18-010010
03/23/18	12/31/17	10-K	0001437749-18-005336
11/14/17	09/30/17	10-Q	0001437749-17-019390
08/14/17	06/30/17	10-Q	0001144204-17-043179
05/15/17	03/31/17	10-Q	0001144204-17-027436
03/31/17	12/31/16	10-K	0001144204-17-018084
11/14/16	09/30/16	10-Q	0001144204-16-134412
08/15/16	06/30/16	10-Q	0001144204-16-119544
05/16/16	03/31/16	10-Q	0001144204-16-102699
03/30/16	12/31/15	10-K	0001144204-16-091505
11/16/15	09/30/15	10-Q	0001144204-15-066058
08/18/15	06/30/15	10-Q	0001144204-15-050456
05/20/15	03/31/15	10-Q	0001144204-15-032557
04/22/15	12/31/14	10-K	0001144204-15-024300
11/13/14	09/30/14	10-Q	0001144204-14-067718
08/14/14	06/30/14	10-Q	0001144204-14-050309
05/14/14	03/31/14	10-Q	0001144204-14-030392
04/15/14	12/31/13	10-K	0001144204-14-022809
11/19/13	09/30/13	10-Q	0001144204-13-063113
08/14/13	06/30/13	10-Q	0001144204-13-046032
05/15/13	03/31/13	10-Q	0001144204-13-029693
03/21/13	12/31/12	10-K	0001144204-13-016696
11/14/12	09/30/12	10-Q	0001144204-12-062513
08/14/12	06/30/12	10-Q	0001144204-12-045876
08/15/13	06/30/12	10-Q/A	0001144204-13-046301
05/15/12	03/31/12	10-Q	0001144204-12-029650
03/30/12	12/31/11	10-K	0001144204-12-018791
11/14/11	09/30/11	10-Q	0001144204-11-064117
08/15/11	06/30/11	10-Q	0001144204-11-047029
05/16/11	03/31/11	10-Q	0001144204-11-029621
03/29/11	12/31/10	10-K	0001144204-11-018049
11/15/10	09/30/10	10-Q	0001144204-10-060802
08/12/10	06/30/10	10-Q	0001144204-10-043240
05/17/10	03/31/10	10-Q	0001144204-10-028239
03/31/10	12/31/09	10-K	0001144204-10-017623
11/16/09	09/30/09	10-Q	0001144204-09-059710
08/14/09	06/30/09	10-Q	0001144204-09-043621
05/14/09	03/30/09	10-Q	0001144204-09-026471
03/31/09	12/31/08	10-K	0001144204-09-017984
11/14/08	09/30/08	10-Q	0001144204-08-064584
08/14/08	06/30/08	10-Q	0001144204-08-047236
05/14/08	03/30/08	Unknown	--
03/31/08	12/31/07	10-K	0001144204-08-019293
11/14/07	09/30/07	10-Q	0001144204-07-061461
08/14/07	06/30/07	10-Q	0001144204-07-043488
05/21/07	03/30/07	Unknown	--
04/02/07	12/31/06	10-K	0001144204-07-016129
09/30/06	09/30/06	10QSB	0001144204-06-046799
06/30/06	06/30/06	10QSB	0001144204-06-032957
03/31/06	03/30/06	Unknown	--
12/31/05	12/31/05	10KSB	0001144204-06-013019
09/30/05	09/30/05	10QSB	0001144204-05-035051
06/30/05	06/30/05	10QSB	0001144204-05-027401
05/12/06	03/30/05	10QSB	0001144204-06-019985