TSS, Inc. (TSSI) Income Statement
TSSI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTSSI revenue and net income
Where TSSI's revenue goes
2025Each bar shows an amount and its share of revenue. TSSI kept 6.2% of revenue as net income.
TSSI profit margins
TSSI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +65.9% | +100.2% | +40.4% | +23.6% |
| Gross profit | +40.0% | +51.6% | +35.7% | +14.1% |
| Operating income | +25.1% | +126.6% | — | — |
| Net income | +153.1% | — | +186.0% | — |
| EPS (diluted) | +120.8% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TSSI quarterly EPS vs estimates
TSS beat the analyst EPS estimate in 2 of the last 3 quarters. Next report: November 12, 2026 (estimate $0.03).
TSSI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $245.7M | $148.1M | $54.4M | $30.6M | $27.4M | $45.1M | $32.8M | $22.3M | $18.3M | $27.4M |
| Cost of revenue | $214.4M | $125.8M | $43.4M | $21.7M | $21.0M | $38.3M | $26.2M | $13.9M | $10.6M | $20.2M |
| Gross profit | $31.3M | $22.4M | $11.0M | $9.0M | $6.4M | $6.8M | $6.6M | $8.5M | $7.7M | $7.2M |
| Sales, general & admin | $20.6M | $13.2M | $8.9M | $7.7M | $6.7M | $6.7M | $5.7M | $6.4M | $6.5M | $8.1M |
| Total operating expenses | $20.6M | $13.8M | $9.3M | $8.1M | $7.2M | $7.2M | $6.1M | $6.8M | $6.9M | $8.8M |
| Operating income | $10.6M | $8.5M | $1.8M | $914,000 | −$831,000 | −$400,000 | $480,000 | $2.9M | $1.1M | −$633,000 |
| Interest income | $1.7M | $562,000 | $355,000 | — | — | — | — | — | — | — |
| Interest expense | $4.3M | $2.7M | $2.0M | $931,000 | $430,000 | $367,000 | $313,000 | $403,000 | $328,000 | $365,000 |
| Income before taxes | $7.5M | $6.1M | $134,000 | −$17,000 | −$1.2M | $129,000 | $167,000 | $2.5M | $775,000 | −$1.0M |
| Income taxes | −$7.6M | $158,000 | $60,000 | $56,000 | $65,000 | $50,000 | $41,000 | $26,000 | $9,000 | $19,000 |
| Net income | $15.1M | $6.0M | $74,000 | −$73,000 | −$1.3M | $79,000 | $126,000 | $2.4M | $766,000 | −$1.0M |
| EBITDA | $15.6M | $9.5M | $2.4M | $1.3M | −$266,000 | $1.0M | $850,000 | $2.1M | $1.6M | −$37,000 |
| EPS (diluted) | $0.53 | $0.24 | $0.03 | $0.00 | −$0.07 | −$0.02 | −$0.01 | $0.12 | −$0.48 | −$0.07 |
| Gross margin | 12.7% | 15.1% | 20.2% | 29.3% | 23.2% | 15.1% | 20.1% | 38.0% | 42.2% | 26.3% |
| Operating margin | 4.3% | 5.7% | 3.2% | 3.0% | −3.0% | −0.9% | 1.5% | 12.8% | 6.0% | −2.3% |
| Net margin | 6.2% | 4.0% | 0.1% | −0.2% | −4.7% | 0.2% | 0.4% | 10.9% | 4.2% | −3.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.1M | $55.3M | $60.9M | $41.9M | $44.0M | $99.0M | $50.0M | $70.1M | $12.2M | $15.9M | $24.4M | $8.9M |
| Cost of revenue | $27.1M | $46.8M | $49.9M | $37.6M | $37.0M | $90.0M | $42.8M | $62.2M | $7.7M | $13.2M | $21.2M | $6.0M |
| Gross profit | $8.0M | $8.5M | $11.0M | $4.3M | $7.0M | $9.0M | $7.2M | $7.9M | $4.4M | $2.6M | $3.2M | $2.8M |
| Sales, general & admin | $5.6M | $5.5M | $5.8M | $5.2M | $4.7M | $4.9M | $4.2M | $3.9M | $2.7M | $2.4M | $2.5M | $2.0M |
| Total operating expenses | $6.4M | $5.5M | $5.8M | $5.2M | $4.7M | $4.9M | $4.5M | $4.1M | $2.7M | $2.4M | $2.5M | $2.1M |
| Operating income | $1.6M | $3.0M | $5.2M | −$931,000 | $2.2M | $4.1M | $2.8M | $3.8M | $1.7M | $253,000 | $724,000 | $715,000 |
| Interest income | $565,000 | $725,000 | $665,000 | $434,000 | $175,000 | $383,000 | — | $168,000 | $106,000 | $100,000 | — | — |
| Interest expense | $322,000 | $1.0M | $1.0M | $954,000 | $859,000 | $1.5M | $721,000 | $1.1M | $272,000 | $228,000 | $374,000 | $482,000 |
| Income before taxes | $1.8M | $2.7M | $4.4M | −$1.4M | $1.6M | $3.0M | $2.0M | $2.7M | $1.4M | $25,000 | $351,000 | $233,000 |
| Income taxes | $413,000 | $391,000 | −$7.8M | $50,000 | $69,000 | $49,000 | $103,000 | $20,000 | $26,000 | $10,000 | $15,000 | $24,000 |
| Net income | $1.4M | $2.3M | $12.2M | −$1.5M | $1.5M | $3.0M | $1.9M | $2.6M | $1.4M | $15,000 | $336,000 | $209,000 |
| EBITDA | $2.9M | $4.9M | $6.8M | $862,000 | $3.3M | $4.7M | $2.9M | $4.0M | $1.8M | $325,000 | $796,000 | $787,000 |
| EPS (diluted) | $0.05 | $0.08 | $0.41 | −$0.06 | $0.06 | $0.12 | $0.08 | $0.10 | $0.06 | $0.00 | $0.02 | $0.01 |
| Gross margin | 22.8% | 15.4% | 18.1% | 10.3% | 15.9% | 9.1% | 14.4% | 11.3% | 36.3% | 16.6% | 13.1% | 31.9% |
| Operating margin | 4.6% | 5.4% | 8.6% | −2.2% | 5.1% | 4.2% | 5.5% | 5.4% | 14.0% | 1.6% | 3.0% | 8.1% |
| Net margin | 4.1% | 4.1% | 20.0% | −3.6% | 3.4% | 3.0% | 3.8% | 3.8% | 11.5% | 0.1% | 1.4% | 2.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TSSI's financial statements (latest annual report filed March 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TSSI financial results
In fiscal year 2025 (ended December 31, 2025), TSS reported revenue of $245.7 million, up 65.9% from the year before. It had net income of $15.1 million (up 153.1%), a net profit margin of 6.2%. Diluted earnings per share came to $0.53. Over five years revenue grew at an average rate of 40.4% a year.
See the TSSI stock overview for the latest quote and news, or the TSSI chart for price history and technical indicators.
TSSI income statement FAQ
What is TSS's annual revenue?
TSS reported total revenue of $245.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 65.9% from $148.1 million the previous year.
Is TSS profitable?
Yes. TSS reported net income of $15.1 million in fiscal 2025, a net profit margin of 6.2%; its operating margin was 4.3%.
What is TSS's gross margin?
TSS's gross margin was 12.7% in fiscal 2025: for every $100 of revenue, TSS kept $13 after the direct cost of its products and services.
How fast is TSS growing?
Revenue grew 40.4% a year on average over the last five fiscal years, from $45.1 million to $245.7 million.
What are TSS's earnings per share?
TSS earned $0.53 per diluted share in fiscal 2025, compared with $0.24 a year earlier.
When will TSS report its next earnings?
TSS is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does TSS's fiscal year end?
TSS's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 18, 2026.