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TSS, Inc. (TSSI) stock

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NASDAQ: TSSI Nasdaq IT Consulting & Other Services Next results ~November 5, 2026

D Fundamentals grade

TSS, Inc. is a US-listed company in the IT consulting & other services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: valuation models disagree too widely to rate.

Price vs value

Under review: valuation models disagree too widely to rate. We'll show the comparison once resolved.

TSS, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 5 selling1 purchase and 13 sales by directors and officers, last 12 monthsInsider trades
  • Funds87 adding, 40 cuttingOf 23 active managers that changed their stake, 15 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter TSS files

Where TSS stands after its latest 10-Q/A

Revenue for the twelve months to June 2026 was $193m, down 26.5% on a year earlier, a steeper fall than the 12.6% decline a quarter earlier. That puts it 23 of 23 for growth among the it consulting & other services companies we cover. Free-cash-flow margin fell to -10.9% from 8.1% a year earlier. The diluted share count is up 10.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 5 of our 7 financial-health checks.

Our model value for TSS is under review, so past values are not shown until it is resolved.

Source: 10-Q/A filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

TSS, Inc.'s trailing-twelve-month revenue fell 26.5% year on year, with a free-cash-flow margin of -10.9%. Where it lags: revenue growth of -26.5% ranks 37 of 40 it consulting & other services companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -26.5% (-13.9pp vs the prior quarter), the 4th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Results due soon. Results are expected around 12 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 26.5% over the last 12 months.
  • Growth slowing. The growth rate is 13.9 points lower than a quarter earlier.
  • Burning cash. Free cash flow was -10.9% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 10.7% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 102% and a beta of 3.3 against the S&P 500.

Latest results: FY2026 Q2

Filed August 14, 2026
Earnings per share
$0.05 against an average estimate of $0.07: missed by 27.9%
Revenue
$35m, down 20.1% on a year earlier
Share reaction
-20.1% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.04

TSS's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.7%
  • 1 week-2.3%
  • 1 month-34.2%
  • This year-4.7%
  • 1 year-66.7%
  • 5 years+891.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$193M
Operating margin
2.0%
Net margin
7.4%
EPS (TTM, diluted)
$0.49

Growth

Revenue growth
−26.5%
Change in growth rate
−13.9 pts
Share count change
+10.7%

Cash

Free cash flow (TTM)
-$21M
FCF margin
-10.9%
Stock pay % of revenue
2.2%

Earnings

Last results
August 13, 2026
Next results (est.)
November 12, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

TSS, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value TSS, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 12.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.68 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$5.5 ~$6.8–$13 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$13 ~$9.8–$18 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$7.6 ~$6.8–$8.5 Included
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$3.4 ~$3.4–$4.2 Included
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare TSS, Inc. with IT Consulting & Other Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$0.13$0.04$0.52$0.84$1.63$0.71$0.45$0.56$0.27$11.86$7.07$6.74
Market value$2m$616200$9m$16m$34m$15m$8m$11m$6m$297m$192m$196m
+ Net debt (− = net cash)$2m−$835000−$226000−$4m−$7m−$17m−$6m−$20m−$12m−$15m−$67m−$52m
Enterprise value$4m−$218800$8m$12m$27m−$2m$2m−$9m−$6m$282m$125m$144m
Multiples
Price / sales 0.1x0.0x0.5x0.7x1.0x0.3x0.3x0.4x0.1x2.0x0.8x1.0x
Price / earnings ——11.2x6.4xn/m188.6x——80.3x49.8x12.7x13.6x
Price / free cash flow —0.3x—9.5x14.1x1.6x—0.8x—43.7x90.8x—
EV / EBITDA ——5.3x3.5x32.3xn/m—n/mn/m44.3x16.9x28.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

24 /100

Weak moat

How hard TSS's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 19 / 20

    Cash operating profit has been a median 14.5% of total assets over 10 years.

  • Pricing power 2 / 20

    Gross margin has been a median 22.8%, moving by 9.4 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 2.6%; its worst year was -1.9%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 7 of 10 years, at a median 1.9% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 37.2% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (39 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $47m and EPS of $0.04 (range $0.04 to $0.04) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.21 — $189m −23%
Next $0.24 +14% $205m +9%

Next year's EPS estimate has moved −4.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −12.5% on 90 days ago. In the last 30 days, 0 analysts raised TSS, Inc.'s forecast and 1 cut it.

Consensus EPS forecast TSS, Inc., last 90 days
$0.20 $0.22 $0.24 $0.26 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.24 Current fiscal year, 60 days ago: $0.24 Current fiscal year, 30 days ago: $0.24 Current fiscal year, 7 days ago: $0.24 Current fiscal year, Now: $0.21 $0.21 Next fiscal year, 90 days ago: $0.25 Next fiscal year, 60 days ago: $0.25 Next fiscal year, 30 days ago: $0.25 Next fiscal year, 7 days ago: $0.25 Next fiscal year, Now: $0.24 $0.24

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.24$0.25
60 days ago $0.24$0.25
30 days ago $0.24$0.25
7 days ago $0.24$0.25
Now $0.21$0.24

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.07 $0.05 −27.9%
Mar 2026 $0.04 $0.08 +100.0%
Dec 2025 $0.01 $0.41 +4000.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026112

Counts of recommendations published by analysts covering TSS, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
17.8%
of tradable shares
Days to cover
4.78
at average volume
Short interest, 1 month
−9%
to October 15, 2026
Held by institutions
55%
of shares
Held by insiders
4.8%
of shares
Employees
286
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −66.7%

$20.26 on October 31, 2025 to $6.74

ThenNowEffect
Revenue (last 12 months) $263m $193m −26.5%
Net margin 3.4% 7.4% +116.8%
P/E multiple 58.9x 13.6x −76.9%
Share count 26m 29m −9.6%

Biggest factor: p/e multiple.

Last 3 years +1628.2%

$0.39 on November 3, 2023 to $6.74

ThenNowEffect
Revenue (last 12 months) $40m $193m +381.6%
P/S multiple 0.2x 1.0x +385.9%
Share count 21m 29m −26.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TSSI−37%+24%−52%+4293%−40%−5%
Industry peers (median)+10%−35%+8%+18%−22%−16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TSSI33%25%25%100%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TSSI−56%−27%−58%−39%−78%−61%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 87% from November 3, 2015 to March 8, 2016. Getting back needed a 667% gain, reached on February 8, 2017, 337 days after the low.

Price behaviour

52-week range
$6.74 – $19.31
From 52-week high
−65.1%
vs 50-day average
−20.8%
vs 200-day average
−37.9%
Volatility (1 year)
102%
Beta vs S&P 500
3.34

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±26.4%
After a week
4 up, 8 down
typical move ±32.6%
After a month
5 up, 7 down
typical move ±52.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 13, 2026 −20.1% +0.5% −27.4% −30.2%
May 7, 2026 −29.7% +0.5% −33.8% −22.0%
March 11, 2026 +15.2% −1.6% −1.6% +12.4%
November 13, 2025 −46.5% −1.7% −52.0% −55.8%
August 6, 2025 −23.7% +0.7% −38.4% −52.7%
May 15, 2025 +70.6% +1.1% +35.4% +138.7%
March 27, 2025 −11.8% −2.3% −28.4% −21.9%
November 14, 2024 −20.0% −1.9% −35.4% −15.3%
August 14, 2024 +27.0% +2.0% +77.3% +101.6%
May 14, 2024 +37.6% +1.7% +43.0% +120.4%
March 28, 2024 −3.2% −0.2% −9.7% +33.9%
November 13, 2023 +11.1% +1.8% +8.3% −22.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

TSS, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) TSS, Inc.
$0 $100M $200M $300M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $40.9M Revenue (TTM), FY23 Q4: $54.4M Revenue (TTM), FY24 Q1: $63.7M Revenue (TTM), FY24 Q2: $61.3M Revenue (TTM), FY24 Q3: $122.5M Revenue (TTM), FY24 Q4: $148.1M Revenue (TTM), FY25 Q1: $231.2M Revenue (TTM), FY25 Q2: $263M Revenue (TTM), FY25 Q3: $234.8M Revenue (TTM), FY25 Q4: $245.7M Revenue (TTM), FY26 Q1: $202.1M Revenue (TTM), FY26 Q2: $193.3M $193.3M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $40.9M
FY23 Q4 $54.4M
FY24 Q1 $63.7M
FY24 Q2 $61.3M
FY24 Q3 $122.5M
FY24 Q4 $148.1M
FY25 Q1 $231.2M
FY25 Q2 $263M
FY25 Q3 $234.8M
FY25 Q4 $245.7M
FY26 Q1 $202.1M
FY26 Q2 $193.3M
Revenue growth, TTM YoY TSS, Inc.
-100% 0% 100% 200% 300% 400% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 19.4% Revenue growth, TTM YoY, FY23 Q4: 77.6% Revenue growth, TTM YoY, FY24 Q1: 99.0% Revenue growth, TTM YoY, FY24 Q2: 52.8% Revenue growth, TTM YoY, FY24 Q3: 199.3% Revenue growth, TTM YoY, FY24 Q4: 172.3% Revenue growth, TTM YoY, FY25 Q1: 262.9% Revenue growth, TTM YoY, FY25 Q2: 328.8% Revenue growth, TTM YoY, FY25 Q3: 91.7% Revenue growth, TTM YoY, FY25 Q4: 65.9% Revenue growth, TTM YoY, FY26 Q1: -12.6% Revenue growth, TTM YoY, FY26 Q2: -26.5% -26.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 19.4%
FY23 Q4 77.6%
FY24 Q1 99.0%
FY24 Q2 52.8%
FY24 Q3 199.3%
FY24 Q4 172.3%
FY25 Q1 262.9%
FY25 Q2 328.8%
FY25 Q3 91.7%
FY25 Q4 65.9%
FY26 Q1 -12.6%
FY26 Q2 -26.5%
Operating margin (TTM) TSS, Inc.
-2% 0% 2% 4% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 0.7% Operating margin (TTM), FY23 Q4: -0.4% Operating margin (TTM), FY24 Q1: 1.1% Operating margin (TTM), FY24 Q2: 2.3% Operating margin (TTM), FY24 Q3: 3.7% Operating margin (TTM), FY24 Q4: 3.9% Operating margin (TTM), FY25 Q1: 3.5% Operating margin (TTM), FY25 Q2: 3.0% Operating margin (TTM), FY25 Q3: 1.3% Operating margin (TTM), FY25 Q4: 1.6% Operating margin (TTM), FY26 Q1: 1.8% Operating margin (TTM), FY26 Q2: 2.0% 2.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 0.7%
FY23 Q4 -0.4%
FY24 Q1 1.1%
FY24 Q2 2.3%
FY24 Q3 3.7%
FY24 Q4 3.9%
FY25 Q1 3.5%
FY25 Q2 3.0%
FY25 Q3 1.3%
FY25 Q4 1.6%
FY26 Q1 1.8%
FY26 Q2 2.0%
FCF margin (TTM) TSS, Inc.
-40% -20% 0% 20% 40% 60% FY22 Q3 FY23 Q2 FY24 Q1 FY26 Q2 FCF margin (TTM), FY22 Q3: -20.9% FCF margin (TTM), FY22 Q4: 46.3% FCF margin (TTM), FY23 Q1: -13.8% FCF margin (TTM), FY23 Q2: 43.9% FCF margin (TTM), FY23 Q3: 46.8% FCF margin (TTM), FY23 Q4: -15.7% FCF margin (TTM), FY24 Q1: 12.3% FCF margin (TTM), FY25 Q2: 8.1% FCF margin (TTM), FY25 Q3: -17.9% FCF margin (TTM), FY25 Q4: 0.9% FCF margin (TTM), FY26 Q1: -9.5% FCF margin (TTM), FY26 Q2: -10.9% -10.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY22 Q3 -20.9%
FY22 Q4 46.3%
FY23 Q1 -13.8%
FY23 Q2 43.9%
FY23 Q3 46.8%
FY23 Q4 -15.7%
FY24 Q1 12.3%
FY25 Q2 8.1%
FY25 Q3 -17.9%
FY25 Q4 0.9%
FY26 Q1 -9.5%
FY26 Q2 -10.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 75 37 48 44 28 29 27 18 22 33 45 27 31 54 148 246 193
Gross profit 12 12 9 9 9 8 7 8 8 7 7 6 9 11 22 32 33
EBITDA 1 1 −3 −2 −2 −1 −0 2 3 1 0 −0 1 0 6 7 5
Operating income 1 1 −4 −3 −2 −2 −1 1 3 0 −0 −1 1 −0 6 6 4
Net income 1 2 −4 −3 −3 −2 −1 1 2 0 0 −1 −0 0 6 15 14
Diluted EPS $0.06 $0.13 −$0.28 −$0.19 −$0.19 −$0.15 −$0.07 $0.05 $0.13 $0.01 $0.00 −$0.07 $0.00 $0.00 $0.24 $0.56 $0.49
Growth (year on year)
Revenue — −50.8% +29.4% −6.8% −37.0% +5.4% −7.2% −33.1% +21.9% +46.8% +37.5% −39.2% +11.8% +77.6% +172.3% +65.9% −26.5%
EBITDA — — −370.8% — — — — — +104.9% −73.9% −84.8% — — −92.4% — +16.3% −40.9%
Operating income — — −462.3% — — — — — +159.1% −83.3% — — — −124.2% — +9.6% −50.9%
Net income — — −315.2% — — — — — +218.1% −94.8% — — — — — +153.1% +59.3%
Diluted EPS — — −315.4% — — — — — +160.0% −92.3% — — — — — +133.3% +44.0%
Margins
Gross margin 16.0% 33.9% 19.8% 20.2% 30.6% 28.4% 26.3% 42.2% 38.0% 20.1% 15.1% 23.2% 29.3% 20.2% 15.1% 13.2% 17.0%
EBITDA margin 1.8% 3.4% −7.1% −5.4% −7.8% −4.9% −0.1% 8.7% 14.6% 2.6% 0.3% −1.1% 4.2% 0.2% 4.3% 3.0% 2.7%
Operating margin 1.3% 2.7% −7.7% −5.8% −8.8% −6.3% −2.3% 6.0% 12.8% 1.5% −0.9% −3.0% 3.0% −0.4% 3.9% 2.6% 2.0%
Net margin 1.1% 5.0% −8.3% −6.3% −10.0% −7.5% −3.7% 4.2% 10.9% 0.4% 0.2% −4.7% −0.2% 0.1% 4.0% 6.2% 7.4%
Free-cash-flow margin 11.5% −10.4% −1.5% −5.5% 0.4% −6.7% 7.1% −1.4% 7.4% 7.4% 21.3% −38.4% 46.3% −15.7% 4.6% 0.9% −10.9%
Cash flow
Cash from operations 9 −4 −0 −2 1 −2 2 −0 2 3 10 −10 15 −8 15 35 −9
Capital spending 0 0 0 0 1 0 0 0 0 1 0 0 1 0 8 33 12
Free cash flow 9 −4 −1 −2 0 −2 2 −0 2 2 10 −11 14 −9 7 2 −21
Stock-based pay 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 4 4
Free cash flow after stock pay 8 −4 −1 −3 −0 −2 2 −0 1 2 9 −11 14 −9 6 −2 −25
Balance sheet
Cash 11 7 6 3 1 1 2 2 6 9 19 8 20 12 23 86 68
Total debt 3 — 3 4 2 3 1 2 2 2 2 2 0 0 8 18 16
Net debt (negative = net cash) −8 −7 −3 1 1 2 −1 −0 −4 −7 −17 −6 −20 −12 −15 −67 −52
Diluted shares 14m 15m 14m 14m 15m 15m 15m 17m 19m 21m 21m 18m 20m 22m 25m 27m 29m
Returned to shareholders
Buybacks 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 5 3
Total returned 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 5 3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $175m
Short-term assets $103mLonger-term assets $72m
What it owes, and who funded it · $175m
Short-term liabilities $62mLonger-term liabilities $33mShareholders' equity $80m
  • Short-term assets cover short-term liabilities $103m of assets due within a year against $62m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $103m short-term assets against $33m of longer-dated liabilities.
  • More cash than debt $68m of cash against $16m of debt.
  • Debt below 40% of shareholders' equity Debt is 20% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 0% to 20% over five years.
  • A year's operating cash flow covers at least 20% of debt −$9m of operating cash flow against $16m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From TSS, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$3.2M
Returned to shareholders
-15%
of free cash flow
Buybacks, last 3 fiscal years
$9.4M
Diluted share count
+10.7%
year over year
Total shareholder yield
1.7%
dividends 0.0% + buybacks 1.7% of market value
Sales & admin spending
11.4%
of revenue

Competitors: side by side with peers

Closest by revenue in it consulting & other services
Last 12 months unless stated TSSI TLS CLPS MHH LZMH WYY Median
Revenue, last 12 months $193m $194m $172m $170m $157m $157m $383m
Revenue growth, last 12 months −26.5% 65.9% 4.7% −13.6% 37.4% 9.7% 5.7%
Revenue growth, 3-year average 68.9% 2.7% — −7.1% — 16.0% 4.3%
Revenue growth, latest quarter −20.1% 32.7% — −13.4% — 1.9% 4.7%
Gross margin 17.0% 36.6% 17.8% 28.2% 3.3% 14.4% 28.0%
Operating margin 2.0% −9.9% −6.7% 0.4% −15.6% −0.8% 5.9%
Operating margin, 3-year average 2.4% −28.4% 0.6% −0.6% — −1.7% 7.5%
Net margin 7.4% −8.1% −7.7% 0.7% −15.4% −0.8% 2.2%
Cash from operations / revenue −4.9% 17.9% −0.2% 3.6% −3.6% 3.0% 6.7%
Free-cash-flow margin −10.9% 17.4% −0.6% 3.4% −3.7% 2.9% 5.0%
Free-cash-flow margin, 3-year average 13.7% 3.0% −7.4% 4.2% — 0.9% 6.7%
Stock pay / revenue 2.2% 11.1% 1.1% 1.9% 9.8% 0.3% 2.2%
Change in share count 10.7% 3.5% 6.7% 0.1% 4.1% 4.3% 0.9%

Median of all 40 companies we cover in it consulting & other services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 it consulting & other services companies
Measure Company Peer median Rank
Revenue growth Growth -26.5% 6.5% 37 of 40
Change in growth rate Growth -13.9pp -0.8pp 35 of 40
Gross margin Profitability 17.0% 28.2% 27 of 34
Operating margin Profitability 2.0% 5.9% 19 of 36
Net margin Profitability 7.4% 2.5% 11 of 40
Free-cash-flow margin Cash generation -10.9% 5.1% 29 of 38
Stock pay as % of revenue Cash generation 2.2% 2.3% 18 of 36
Long-term debt as % of assets Balance sheet 6.8% 11.8% 11 of 27
Change in share count Balance sheet 10.7% 0.9% 32 of 39

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Procurement Revenues $197M ▲ 68.0%
Procurement $197M ▲ 68.0%
System Integration Services $40.3M ▲ 78.3%
System Integration $40.3M ▲ 78.3%
Facilities $7.9M ▼ 1.2%

These categories overlap or exclude eliminations, so shares aren't shown.

From TSS, Inc.'s 10-K filed March 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$161M
Institutions reporting
123
Shares held vs prior quarter
▲ 32.8%
Positions opened / closed
36 / 19

Top buyers and sellers, Q2 2026: 87 institutions bought and 40 sold ; the biggest buyer was Blackrock, Inc (+551K shares) and the biggest seller Marshall Wace, LLP (−325K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $28.6M 2.3M 17.8% ▲ 31.1%
Jane Street Group, LLC $12.9M 1.0M 8.0% ▲ 59.1%
Vanguard Capital Management LLC $11.9M 967K 7.4% ▼ 0.2%
Silvercrest Asset Management Group LLC $8.4M 682K 5.2% ▲ 63.7%
Geode Capital Management, LLC $7.7M 627K 4.8% ▲ 8.9%
D. E. Shaw & Co., Inc. $6.7M 543K 4.2% ▲ 192.0%
Driehaus Capital Management LLC $6.6M 536K 4.1% New
LPL Financial LLC $6M 486K 3.7% ▲ 41.8%
State Street Corp $6M 484K 3.7% ▲ 13.9%
Goldman Sachs Group Inc $4.6M 372K 2.8% ▲ 199.8%
Algert Global LLC $4.2M 342K 2.6% ▲ 3164.1%
UBS Group AG $3.6M 294K 2.2% ▼ 43.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not TSS, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $40,000 1 trade by 1 insider, last 12 months Insider sales History → $8.9M 13 trades by 5 insiders · 38% under pre-set plans
Net ▼ $8.8M net selling
Insider Date Trade Shares Price Value
Woodward Peter H Director June 2, 2026 Sell 100,000 $15.48 $1.5M
Brennan Kieran Senior Vice President June 1, 2026 Sell 10,000 $16.00 $160,000
Woodward Peter H Director May 29, 2026 Sell 200,000 $16.07 $3.2M
Dewan Darryll E Chief Executive Officer May 6, 2026 Sell pre-set plan 50,000 $17.00 $850,000
Dewan Darryll E Chief Executive Officer April 22, 2026 Sell pre-set plan 50,000 $16.00 $800,000
Marrott Karl Todd Chief Operating Officer April 17, 2026 Sell pre-set plan 23,636 $15.11 $357,140
Marrott Karl Todd Chief Operating Officer April 16, 2026 Sell pre-set plan 800 $15.00 $12,000
Chism Daniel M Chief Financial Officer April 14, 2026 Sell pre-set plan 25,000 $15.00 $375,000
Dewan Darryll E Chief Executive Officer April 14, 2026 Sell pre-set plan 50,000 $15.00 $750,000
Marrott Karl Todd Chief Operating Officer April 14, 2026 Sell pre-set plan 15,213 $15.03 $228,651
Brennan Kieran Senior Vice President March 16, 2026 Sell 12,000 $12.27 $147,240
Woodward Peter H Director December 11, 2025 Sell 21,700 $8.30 $180,110

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 12, 2026 estimated from the company's past filing pattern, not announced

  • August 13, 2026
  • May 7, 2026
  • March 11, 2026
  • November 13, 2025
  • August 6, 2025
  • May 15, 2025

Recent SEC filings

Data status

When each part of this page on TSS, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

TSS, Inc. in brief

What does TSS, Inc. do?
TSS, Inc. is a US-listed company in the IT consulting & other services industry. Its financial year ends in December.
What is TSS, Inc.'s stock ticker?
TSS, Inc. trades under the ticker TSSI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is TSS, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, TSS, Inc. reported revenue of $193M, 26.5% lower than a year earlier, according to its SEC filings.
What is TSS, Inc.'s free cash flow?
TSS, Inc.'s free-cash-flow margin is -10.9% of revenue over the trailing twelve months, ranking 29 of the 38 it consulting & other services companies we cover.
Who are TSS, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Jane Street Group, LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is TSS, Inc. buying back stock, and does it pay a dividend?
TSS, Inc. spent $3.2M on share repurchases over the trailing twelve months, and its diluted share count still rose 10.7% over the year.
What is TSS, Inc.'s market cap?
On November 2, 2026, TSS, Inc.'s market capitalisation was about $196M, with a price-to-earnings ratio of 13.6 and net debt of -$51.6M. Market figures come from third-party market data and may be delayed.
How much debt does TSS, Inc. have?
TSS, Inc.'s debt-to-equity ratio is 20.0%, from its latest balance sheet (0.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are TSS, Inc.'s competitors?
In our IT Consulting & Other Services peer group, the companies closest to TSS, Inc. are Telos Corp, Clps Inc, Mastech Digital, Inc., LZ Technology Holdings Ltd and Widepoint Corp. The side-by-side comparison below sets their revenue, margins and growth against TSS, Inc.'s.
Are insiders buying or selling TSS, Inc. stock?
Over the last 12 months, TSS, Inc.'s directors and officers reported 1 open-market purchases and 13 sales on Form 4. The insider trading page charts every trade.
When is TSS, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — TSS, Inc. announces its own schedule.