Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.4M | $18.3M | $22.3M | $32.8M | $45.1M | $27.4M | $30.6M | $54.4M | $148M | $246M |
| Revenue growth | — | -33.1% | 21.9% | 46.8% | 37.5% | -39.2% | 11.8% | 77.6% | 172.3% | 65.9% |
| Gross profit | $7.21M | $7.72M | $8.48M | $6.59M | $6.80M | $6.36M | $8.98M | $11.0M | $22.4M | $32.4M |
| Gross margin | 26.3% | 42.2% | 38.0% | 20.1% | 15.1% | 23.2% | 29.3% | 20.2% | 15.1% | 13.2% |
| Operating income | -$633K | $1.11M | $2.87M | $480K | -$400K | -$831K | $914K | -$221K | $5.77M | $6.32M |
| Operating margin | -2.3% | 6.0% | 12.8% | 1.5% | -0.9% | -3.0% | 3.0% | -0.4% | 3.9% | 2.6% |
| Net income | -$1.02M | $766K | $2.44M | $126K | $79.0K | -$1.30M | -$73.0K | $74.0K | $5.98M | $15.1M |
| Net margin | -3.7% | 4.2% | 10.9% | 0.4% | 0.2% | -4.7% | -0.2% | 0.1% | 4.0% | 6.2% |
| EPS (diluted) | -$0.07 | $0.05 | $0.13 | $0.01 | $0.00 | -$0.07 | $0.00 | $0.00 | $0.24 | $0.56 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.23M | -$45.0K | $1.90M | $3.02M | $10.00M | -$10.5M | $14.7M | -$8.27M | $15.3M | $34.9M |
| Capital expenditures | $290K | $212K | $242K | $594K | $396K | $64.0K | $536K | $257K | $8.48M | $32.7M |
| Free cash flow | $1.94M | -$257K | $1.66M | $2.42M | $9.60M | -$10.5M | $14.2M | -$8.53M | $6.81M | $2.12M |
| Share buybacks | $1.00K | $4.00K | $6.00K | $158K | $174K | $197K | $134K | $40.0K | $4.49M | $4.90M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.15M | $2.27M | $6.18M | $8.68M | $19.0M | $7.99M | $20.4M | $11.8M | $23.2M | $85.5M |
| Total assets | $8.58M | $6.73M | $9.11M | $17.6M | $23.8M | $19.3M | $31.4M | $25.6M | $96.6M | $185M |
| Total liabilities | $10.0M | $7.03M | $6.63M | $14.7M | $20.6M | $17.1M | $28.5M | $22.1M | $89.4M | $108M |
| Long-term debt | $825K | $1.66M | $1.84M | $2.03M | $2.23M | $0.00 | $0.00 | $0.00 | $8.20M | $14.0M |
| Shareholders' equity | -$1.43M | -$305K | $2.48M | $2.87M | $3.18M | $2.20M | $2.93M | $3.55M | $7.14M | $76.6M |
| Retained earnings | -$68.4M | -$67.7M | -$65.2M | -$65.1M | -$65.0M | -$66.3M | -$66.4M | -$66.3M | -$60.3M | -$45.2M |
| Shares (wtd avg diluted) | 15.4M | 16.5M | 18.7M | 20.9M | 21.0M | 18.4M | 20.1M | 22.0M | 25.1M | 27.2M |
Every figure is extracted from TSS, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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