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TSS, Inc. engages in the planning, design, deployment, maintenance, and refresh of end-user and enterprise systems in the United States. The company operates through three segments: Procurement, Facilities Management, and Systems Integration. The company offers IT equipment deployment services, including client products, enterprise products, clusters, and modular containers; and second-touch configuration services for OEM and end-user customers, such as adding software, hardware, or other features to end-user devices, bundling such devices with peripherals, pre-loading customer-determined application software, tagging, asset capture, and other fulfillment services. It also provides consulting, deployment, and maintenance and management services. In addition, the company is involved in procuring third-party hardware and software, as well as provides professional services. The company serves IT OEM equipment, technology, and service companies; private sector businesses; and government or commercial end users. The company was formerly known as Fortress International Group, Inc. and changed its name to TSS, Inc. in June 2013. TSS, Inc. was incorporated in 2004 and is based in Georgetown, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $246M | $12M | $15M | $2M | 19.7% | 65.9% | 153.1% |
| 2024 | $148M | $7M | $6M | $7M | 83.7% | 172.3% | 7975.7% |
| 2023 | $54M | $0M | $0M | $-9M | 2.1% | 77.6% | -201.4% |
| 2022 | $31M | $1M | $-0M | $14M | -2.5% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 30.64 | 54.40 | 148.14 | 245.72 |
| Operating Revenue | - | 30.64 | 54.40 | 148.14 | 245.72 |
| Cost Of Revenue | - | 21.66 | 43.40 | 125.79 | 213.34 |
| Gross Profit | - | 8.98 | 11 | 22.35 | 32.38 |
| Operating Expense | - | 8.07 | 9.25 | 13.85 | 21.74 |
| Selling General And Administration | - | 7.68 | 8.93 | 13.24 | 20.65 |
| Total Expenses | - | 29.72 | 52.65 | 139.64 | 235.08 |
| Operating Income | - | 0.91 | 1.75 | 8.50 | 10.64 |
| Total Operating Income As Reported | -0.83 | 0.91 | 1.75 | 8.50 | - |
| EBITDA | - | 1.30 | 0.45 | 6.74 | 11.95 |
| Normalized EBITDA | - | 1.30 | 0.45 | 6.74 | 12.61 |
| EBIT | - | 0.91 | 0.13 | 6.13 | 8.18 |
| Interest Income | - | - | 0.36 | 0.56 | 1.66 |
| Interest Expense | - | 0.93 | 0 | 0 | 0.65 |
| Net Interest Income | - | -0.93 | -1.62 | -2.17 | -2.65 |
| Other Non Operating Income Expenses | 0.03 | 0.03 | - | -0.19 | 0.20 |
| Other Income Expense | 0.03 | 0.03 | - | -0.19 | -0.45 |
| Interest Income Non Operating | - | - | 0.36 | 0.56 | 1.66 |
| Interest Expense Non Operating | - | 0.93 | 0 | 0 | 0.65 |
| Net Non Operating Interest Income Expense | - | -0.93 | -1.62 | -2.17 | -2.65 |
| Pretax Income | - | -0.02 | 0.13 | 6.13 | 7.53 |
| Tax Provision | - | 0.06 | 0.06 | 0.16 | -7.59 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | -0.14 |
| Net Income Continuous Operations | - | -0.07 | 0.07 | 5.98 | 15.12 |
| Net Income From Continuing And Discontinued Operation | - | -0.07 | 0.07 | 5.98 | 15.12 |
| Net Income From Continuing Operation Net Minority Interest | - | -0.07 | 0.07 | 5.98 | 15.12 |
| Net Income | - | -0.07 | 0.07 | 5.98 | 15.12 |
| Net Income Common Stockholders | - | -0.07 | 0.07 | 5.98 | 15.12 |
| Net Income Including Noncontrolling Interests | - | -0.07 | 0.07 | 5.98 | 15.12 |
| Normalized Income | - | -0.07 | 0.07 | 5.98 | 15.64 |
| Diluted NI Availto Com Stockholders | - | -0.07 | 0.07 | 5.98 | 15.12 |
| Basic Average Shares | - | 21.54 | 21.77 | 22.13 | 24.80 |
| Diluted Average Shares | - | 21.54 | 21.77 | 24.90 | 27.01 |
| Reconciled Depreciation | - | 0.38 | 0.32 | 0.61 | 3.76 |
| Reconciled Cost Of Revenue | - | 21.66 | 43.40 | 125.79 | 210.66 |
| Total Unusual Items | - | - | 0 | 0 | -0.66 |
| Total Unusual Items Excluding Goodwill | - | - | 0 | 0 | -0.66 |
| Special Income Charges | - | - | 0 | 0 | -0.66 |
| Depreciation Amortization Depletion Income Statement | - | 0.38 | 0.32 | 0.61 | 1.09 |
| Depreciation And Amortization In Income Statement | - | 0.38 | 0.32 | 0.61 | 1.09 |
| Gain On Sale Of Ppe | - | - | 0 | 0 | -0.66 |
| Total Other Finance Cost | - | - | 1.97 | 2.74 | 3.66 |
| Average Dilution Earnings | 0 | - | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| TSS, Inc.this co. | TSSI | $407M | 26.90↑ premium | 5.31 | 19.7% | 30.37 |
| Climb Global Solutions, Inc. | CLMB | $426M | 19.95 | 3.65 | 18.3% | 10.20 |
| Blend Labs, Inc. | BLND | $416M | -51.70 | -13.67 | 26.4% | 127.28 |
| Bakkt, Inc. | BKKT | $410M | - | 3.64 | -95.1% | - |
| Alight, Inc. | ALIT | $406M | -0.13 | 0.39 |
| - |
| - |
| - |
| -296.6% |
| -0.88 |
| M-tron Industries, Inc. | MPTI | $400M | 47.30 | 6.32 | 13.4% | 33.29 |
| IBEX Limited | IBEX | $399M | 10.83 | 2.97 | 27.4% | 7.00 |
| Yext, Inc. | YEXT | $397M | 10.48 | 2.49 | 23.8% | 5.01 |
| Paysign, Inc. | PAYS | $390M | 51.60 | 8.04 | 15.6% | 23.89 |
| Peer Median | - | 10.83 | 3.31 | 16.9% | 10.20 | |