TSS, Inc.
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
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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 Statements of Operations
(in’000 except per-share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues: | |||
| Procurement | $197,476 | $117,519 | $38,515 |
| Facilities management | 7,906 | 8,005 | 7,067 |
| System integration | 40,337 | 22,620 | 8,817 |
| Total revenues | 245,719 | 148,144 | 54,399 |
| Cost of revenues | |||
| Cost of revenues | 210,665 | 125,793 | 43,398 |
| Cost of revenues – depreciation and amortization | 2,672 | - | - |
| Total cost of revenues | 213,337 | 125,793 | 43,398 |
| Gross profit | 32,382 | 22,351 | 11,001 |
| Operating expenses: | |||
| Selling, general and administrative | 20,650 | 13,240 | 8,931 |
| Depreciation and amortization | 1,093 | 608 | 320 |
| Bank factoring fees | 3,659 | 2,737 | 1,971 |
| Loss on sale or disposal of assets | 658 | - | - |
| Total operating expenses | 26,060 | 16,585 | 11,222 |
| Income (loss) from operations | 6,322 | 5,766 | (221) |
| Interest expense | 651 | - | - |
| Interest income | (1,657) | (562) | (355) |
| Other expense (income) | (205) | 194 | - |
| Pre-tax income | 7,533 | 6,134 | 134 |
| Income tax expense (benefit) | (7,592) | 158 | 60 |
| Net income | $15,125 | $5,976 | $74 |
| Earnings per common share - Basic | $0.61 | $0.27 | $0.00 |
| Earnings per common share - Diluted | $0.56 | $0.24 | $0.00 |
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