TSS, Inc.
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 18, 2026
TSSI$6.96-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in’000 except per-share amounts)
| December 31,2025 | December 31,2024 | |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $85,510 | $23,222 |
| Contract and other receivables, net of allowance of $0.0 and $7.0 | 12,501 | 16,203 |
| Costs and estimated earnings in excess of billings on uncompleted contracts | 3,011 | 851 |
| Inventories, net | 15,966 | 17,673 |
| Prepaid expenses and other current assets | 1,642 | 248 |
| Total current assets | 118,630 | 58,197 |
| Property and equipment, net | 38,076 | 8,591 |
| Lease right-of-use asset | 15,294 | 24,213 |
| Goodwill | 780 | 780 |
| Deferred tax asset, net | 7,917 | - |
| Other assets | 4,238 | 4,787 |
| Total assets | $184,935 | $96,568 |
| Current Liabilities: | ||
| Accounts payable | $46,362 | $35,770 |
| Accrued expenses and other current liabilities | 6,273 | 17,570 |
| Deferred revenues, current | 13,928 | 2,613 |
| Long-term debt, current | 4,010 | - |
| Lease liabilities, current | 1,994 | 966 |
| Total current liabilities | 72,567 | 56,919 |
| Non-current Liabilities: | ||
| Long-term debt, net, non-current | 14,004 | 8,200 |
| Lease liabilities, non-current | 21,629 | 23,540 |
| Deferred revenues, non-current | - | 771 |
| Other non-current liabilities | 100 | - |
| Total non-current liabilities | 35,733 | 32,511 |
| Total liabilities | 108,300 | 89,430 |
| Commitments and Contingencies (Note 6) | ||
| Stockholders’ Equity: | ||
| Preferred stock, $0.0001 par value; 1,000 shares authorized; none issued | - | - |
| Common stock, $0.0001 par value; 49,000 shares authorized; 27,593 and 25,250 issued; 27,593 and 23,107 outstanding at December 31, 2025 and December 31, 2024, respectively | 3 | 3 |
| Additional paid-in capital | 121,842 | 74,200 |
| Treasury stock, at cost; no shares at December 31, 2025 and 1,849 shares at December 31, 2024 | - | (6,730) |
| Accumulated deficit | (45,210) | (60,335) |
| Total stockholders’ equity | 76,635 | 7,138 |
| Total liabilities and stockholders’ equity | $184,935 | $96,568 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.