TSSINasdaqServices-Management Consulting ServicesUS GAAP · USD

TSS, Inc.

TSS, Inc. is a U.S.-based systems integration and procurement services company focused on enterprise IT infrastructure. It designs, configures, deploys, supports, and maintains mission-critical computing environments, including data centers, modular data centers, colocation sites, and edge deployments.

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Revenue246m USD
+65.9 %y/y
Operating profit (EBIT)6.3m USD
−25.6 %y/y
EBIT margin2.6%
−3.2 ppy/y
Net income15.1m USD
+153.1 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-50050100150200250m USD2020: 45 m USD2020: EBIT -0.40 m USD20202021: 27 m USD2021: EBIT -0.83 m USD20212022: 31 m USD2022: EBIT 0.91 m USD20222023: 54 m USD2023: EBIT -0.22 m USD20232024: 148 m USD2024: EBIT 8.5 m USD20242025: 246 m USD2025: EBIT 6.3 m USD20252466.3
RevenueOperating profit (EBIT)

Business

Share of revenue
Systems integration55 %

Planning, configuration, integration, and deployment services for enterprise IT environments.

Procurement services30 %

Sourcing third-party hardware, software, and services for customer IT projects.

Maintenance and support10 %

Ongoing support and maintenance for deployed facilities and infrastructure.

AI rack and advanced infrastructure services5 %

Integration work tied to AI computing, liquid cooling, and next-generation rack systems.

Customers

TSS serves enterprise customers that need complex IT infrastructure deployed in their own data centers, modular data centers, colocation facilities, or at the edge. It also works with IT equipment vendors and a strategic OEM customer, with procurement and integration work often tied to large, multi-component projects.

Enterprise data center operators

Buy integration, deployment, and maintenance services for mission-critical IT environments.

IT equipment vendors

Use TSS for configuration, integration, and procurement support around customer projects.

Strategic OEM customer

Provides a large share of project flow and consigned components under a master relationship agreement.

AI infrastructure buyers

Purchase rack-scale, power, and cooling integration for AI and accelerated computing deployments.

Colocation and edge deployment customers

Need integration services for distributed computing environments outside owned data centers.

Strategy

TSS is focused on expanding its systems integration capabilities as enterprise customers adopt AI, accelerated computing, and advanced cooling technologies. It also uses procurement activity as a growth channel and cross-sell path into higher-value integration and support work.

Grow AI and advanced infrastructure integrationMedium term

AI racks, GPUs, and liquid cooling increase demand for specialized deployment services.

Protect and deepen strategic customer relationshipsShort term

A small number of large relationships drive contract flow and project volume.

Expand procurement as a growth vehicleShort term

Procurement can generate incremental revenue and lead to higher-value services.

Geography

The company currently derives all of its revenue from the U.S. market. Its operating exposure is therefore concentrated in U.S. enterprise IT spending, U.S. federal procurement activity, and domestic data center buildout trends.

Risks

The business is exposed to customer concentration, especially dependence on a strategic OEM relationship and a limited number of large accounts. It also faces execution and demand risk in a fast-changing IT infrastructure market, where supply chain disruptions, project timing, and U.S. federal procurement cycles can materially affect results.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →U.S. federal government shutdown1Customer concentration2
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. U.S. federal government shutdownImpact: HighLikelihood: Medium

    A significant portion of procurement business is tied to U.S. federal purchases.

    Exposure: Procurement segment

  2. Customer concentrationImpact: HighLikelihood: Low

    A material decline in volume from the strategic OEM customer would materially affect results.

    Exposure: OEM relationship and other large accounts

  3. Supply chain disruptionImpact: Medium

    Component delays can push out systems integration revenue recognition and project completion.

    Exposure: Non-AI rack integration and project delivery

  4. Competitive pressureImpact: Medium

    The company competes against larger firms with more resources in expanding market segments.

    Exposure: Enterprise integration and procurement

Accounting

Judgemental items
Net versus gross revenue presentation

Procurement deals may be recorded only at fees earned or at gross value depending on the transaction structure.

Impact: Affects reported revenue, cost of goods sold, and gross margin

Project-based revenue timing

Integration and deployment work can shift between quarters as components arrive and projects complete.

Impact: Creates quarter-to-quarter volatility in revenue and margins

Consigned components

Materials supplied by customers or OEM partners are not recorded on the balance sheet.

Impact: Reported revenue reflects services only, not full project value

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Last updated: 24/09/2026

TSS, Inc. (TSSI) Revenue, Earnings & Financials 2025 – Clarifo