ONE Stop Systems, Inc. income statement
In fiscal 2025, ONE Stop Systems, Inc. reported revenue of $32.2m, up 31.2% on the year before, operating income of −$3.4m (a -10.5% margin) and net income of $5.1m, or $0.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 28 | 37 | 58 | 52 | 62 | 72 | 61 | 25 | 32 | 42 |
| Cost of revenue | 19 | 26 | 39 | 35 | 42 | 52 | 43 | 24 | 16 | 22 |
| Gross profit | 9 | 11 | 19 | 16 | 20 | 20 | 18 | 1 | 16 | 20 |
| Research and development | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 3 | 5 | 4 |
| Selling, general and administrative | 4 | 7 | 9 | 8 | 8 | 7 | 9 | 7 | 7 | 10 |
| Operating income | −0 | −3 | −1 | −0 | 2 | 2 | −8 | −16 | −3 | −7 |
| Interest expense | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | — |
| Income before tax | −1 | −3 | −1 | −1 | 3 | 2 | −6 | −15 | −3 | −6 |
| Income tax | −0 | −1 | 0 | −1 | 1 | 4 | 1 | 0 | 0 | — |
| Net income | 0 | −1 | −1 | −0 | 2 | −2 | −7 | −14 | 5 | 0 |
| Diluted EPS | $0.01 | −$0.09 | −$0.06 | $0.00 | $0.12 | −$0.11 | −$0.32 | −$0.65 | $0.22 | $0.02 |
| Diluted shares (average) | 11m | 13m | 15m | 17m | 20m | 20m | 21m | 21m | 23m | 25m |
| EBITDA | 0 | −2 | −0 | 0 | 3 | 3 | −7 | −15 | −3 | −7 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | −15 | 5 | 6 | 9 | 12 | 8 | 9 | 13 |
| Cost of revenue | −10 | 3 | 3 | 5 | 5 | 4 | 6 | 7 |
| Gross profit | −5 | 2 | 2 | 4 | 7 | 4 | 4 | 5 |
| Research and development | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Selling, general and administrative | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
| Operating income | −5 | −2 | −3 | −0 | 2 | −1 | −8 | −1 |
| Interest expense | −0 | 0 | 0 | 0 | −0 | — | — | — |
| Income before tax | −5 | −2 | −2 | −0 | 2 | −0 | −7 | −1 |
| Income tax | −1 | 0 | 0 | 0 | −1 | — | — | — |
| Net income | −3 | −2 | −2 | 0 | 9 | −1 | −7 | −1 |
| Diluted EPS | −$0.15 | −$0.09 | −$0.09 | $0.01 | $0.39 | −$0.02 | −$0.29 | −$0.02 |
| EBITDA | −5 | −2 | −2 | −0 | 2 | −0 | −7 | −1 |
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