TSSI (TSSI) financial statements
TSSI reported revenue of $246M in fiscal 2025, up 27.6% a year over 9 years.
Net income was $15M and the operating margin 2.6%, against -2.3% in 2016.
Free cash flow was $2M, and the company returned $5M in net buybacks.
The diluted share count rose 77% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TSSI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27M | $18M | $22M | $33M | $45M | $27M | $31M | $54M | $148M | $246M |
| Cost of revenue | — | — | $14M | $26M | $38M | $21M | $22M | $43M | $126M | $213M |
| Gross profit | $7M | $8M | $8M | $7M | $7M | $6M | $9M | $11M | $22M | $32M |
| Selling, general and admin | $8M | $6M | $6M | $6M | $7M | $7M | $8M | $9M | $13M | $21M |
| Operating income | -$633,000 | $1M | $3M | $480,000 | -$400,000 | -$831,000 | $914,000 | -$221,000 | $6M | $6M |
| Interest expense | $365,000 | $328,000 | $403,000 | $313,000 | $367,000 | $430,000 | $931,000 | $2M | $3M | — |
| Pre-tax income | -$1M | $775,000 | $2M | $167,000 | $129,000 | -$1M | -$17,000 | $134,000 | $6M | $8M |
| Income tax | $19,000 | $9,000 | $26,000 | $41,000 | $50,000 | $65,000 | $56,000 | $60,000 | $158,000 | -$8M |
| Net income | -$1M | $766,000 | $2M | $126,000 | $79,000 | -$1M | -$73,000 | $74,000 | $6M | $15M |
| EPS (diluted) | -$0.07 | $0.05 | $0.13 | $0.01 | $0.00 | -$0.07 | $0.00 | $0.00 | $0.24 | $0.56 |
| Diluted shares | 15M | 17M | 19M | 21M | 21M | 18M | 20M | 22M | 25M | 27M |
| Gross margin | 26.3% | 42.2% | 38.0% | 20.1% | 15.1% | 23.2% | 29.3% | 20.2% | 15.1% | 13.2% |
| Operating margin | -2.3% | 6.0% | 12.8% | 1.5% | -0.9% | -3.0% | 3.0% | -0.4% | 3.9% | 2.6% |
| Net margin | -3.7% | 4.2% | 10.9% | 0.4% | 0.2% | -4.7% | -0.2% | 0.1% | 4.0% | 6.2% |
Balance sheet
Fiscal years, from TSSI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $2M | $6M | $9M | $19M | $8M | $20M | $12M | $23M | $86M |
| Receivables | $2M | $990,000 | $727,000 | $4M | $915,000 | $2M | $3M | $4M | $16M | $13M |
| Inventory | $59,000 | $134,000 | $108,000 | $1M | $197,000 | $847,000 | $862,000 | $2M | $18M | $16M |
| Total current assets | $5M | $4M | $7M | $14M | $21M | $12M | $24M | $19M | $58M | $119M |
| Property, plant and equipment | $544,000 | $418,000 | $390,000 | $705,000 | $662,000 | $281,000 | $587,000 | $628,000 | $9M | $38M |
| Goodwill | $2M | $2M | $780,000 | $780,000 | $780,000 | $780,000 | $780,000 | $780,000 | $780,000 | $780,000 |
| Total assets | $9M | $7M | $9M | $18M | $24M | $19M | $31M | $26M | $97M | $185M |
| Total current liabilities | $9M | $5M | $5M | $12M | $18M | $12M | $24M | $18M | $57M | $73M |
| Long-term debt | $825,000 | $2M | $2M | $2M | $2M | $0 | $0 | $0 | $8M | $14M |
| Total liabilities | $10M | $7M | $7M | $15M | $21M | $17M | $28M | $22M | $89M | $108M |
| Shareholders' equity | -$1M | -$305,000 | $2M | $3M | $3M | $2M | $3M | $4M | $7M | $77M |
| Net debt | -$1M | -$612,000 | -$4M | -$7M | -$17M | -$6M | -$20M | -$12M | -$15M | -$67M |
Cash flow
Fiscal years, from TSSI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2M | -$45,000 | $2M | $3M | $10M | -$10M | $15M | -$8M | $15M | $35M |
| Capital spending | $290,000 | $212,000 | $242,000 | $594,000 | $396,000 | $64,000 | $536,000 | $257,000 | $8M | $33M |
| Free cash flow | $2M | -$257,000 | $2M | $2M | $10M | -$11M | $14M | -$9M | $7M | $2M |
| Stock-based compensation | $193,000 | $68,000 | $241,000 | $358,000 | $392,000 | $469,000 | $530,000 | $581,000 | $1M | $4M |
| Share buybacks (net) | -$1,000 | -$4,000 | -$6,000 | -$158,000 | -$174,000 | -$197,000 | -$134,000 | -$40,000 | -$4M | -$5M |
| Net borrowing | $0 | $1M | — | — | $890,000 | -$352,000 | -$2M | $0 | $8M | $10M |
| Free cash flow margin | 7.1% | -1.4% | 7.4% | 7.4% | 21.3% | -38.4% | 46.3% | -15.7% | 4.6% | 0.9% |
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Open TSSI in InvestinglyQuestions
What was TSSI's revenue in 2025?
$246M in fiscal 2025, from its 10-K filing.
How much free cash flow does TSSI generate?
$2M in fiscal 2025 (operating cash flow minus capital spending).
From TSSI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.