TSS
TSSI on Nasdaq. TSS builds and services data center and AI computing systems for enterprises. Market value $284m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-7.15 of spare cash in the past 12 months. A savings account pays about $4.
You pay 39.1 years of operating profit for the business. The average large US company costs around 18.
The filings do not give us enough to work this out.
Quality score: 65 of 100. Price score: 27 of 100. Our list needs 70 on quality and 60 on price.
$10.39 a share, 51% above its 1-year low
Over the past year the price has ranged from $6.87 to $21.77.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: a shortfall of $21 million in the past 12 months, $2 million in the year to December 2025.
| Revenue | |||||
| Revenue | $27m | $31m | $54m | $148m | $246m |
| Operating margin | |||||
| Operating margin | -3.0% | 3.0% | -0.4% | 3.9% | 2.6% |
| Debt to equity | |||||
| Debt to equity | 0.92 | 0.00 | 0.00 | 1.15 | 0.24 |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.02bn | 0.03bn | 0.03bn |
Health checks
- Free cash flow positive3 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)5 of 9
- Profit backed by cash (accruals)No
- Debt0.24× equity
- Revenue growth, five yearsStrong, 40.4% a year
- Buying back its own sharesNo, 32% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $35 million last quarter, down 20% on a year ago.
- Profit: $1 million, about the same as a year ago.
- It keeps 3 cents of each $1 of sales as operating profit, about the same as a year earlier.
- Over the past 12 months it spent $21 million more cash than it brought in. A year earlier it had $21 million spare.
- 15% more shares than a year ago. Each share owns a bit less of the company.
- It has $52 million more cash than debt, up from $22 million a year ago.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $70m |
| December 2024 | $50m |
| March 2025 | $99m |
| June 2025 | $44m |
| September 2025 | $42m |
| December 2025 | $61m |
| March 2026 | $55m |
| June 2026 | $35m |
| Quarter to | Amount |
|---|---|
| September 2024 | $3m |
| December 2024 | $2m |
| March 2025 | $3m |
| June 2025 | $1m |
| September 2025 | -$1m |
| December 2025 | $12m |
| March 2026 | $2m |
| June 2026 | $1m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 18 March 2026
- Next quarterly (estimated, 10-Q)
- 12 November 2026
Who owns it
None of the long-term investors we follow own it. 124 funds in all.
Largest holders overall
- BlackRock$29mAdded
- Jane Street Group$13mAdded
- Vanguard Capital Management$12m
- Silvercrest Asset Management Group$8mAdded
- Geode Capital Management$8mAdded
- D. E. Shaw$7mAdded
- Driehaus Capital Management$7mNew
- LPL Financial$6mAdded
- State Street$6mAdded
- Goldman Sachs Group$5mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- BlackRock, Inc.Passive investor6.7%+1.4 ptsSince 30 June 2026
- JANE STREET GROUP, LLCPassive investorat least 5.2%(filed with 2 related holders)Since 26 May 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 6.7%+1.4 pts | 30 June 2026 | |
JANE STREET GROUP, LLC Passive investor | at least 5.2% (filed with 2 related holders) | 26 May 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $40,000 of shares on the open market. 5 sold $9m, $3m of it under preset trading plans.
- Woodward Peter HDirectorSold
- Date
- 2 June 2026
- Shares
- 100,000
- Price
- $15.48
- Value
- $2m
- Brennan KieranSenior Vice PresidentSold
- Date
- 1 June 2026
- Shares
- 10,000
- Price
- $16.00
- Value
- $160,000
- Woodward Peter HDirectorSold
- Date
- 29 May 2026
- Shares
- 200,000
- Price
- $16.07
- Value
- $3m
- Dewan Darryll EChief Executive OfficerSoldunder a preset trading plan
- Date
- 6 May 2026
- Shares
- 50,000
- Price
- $17.00
- Value
- $850,000
- Dewan Darryll EChief Executive OfficerSoldunder a preset trading plan
- Date
- 22 April 2026
- Shares
- 50,000
- Price
- $16.00
- Value
- $800,000
- MARROTT KARL TODDChief Operating OfficerSoldunder a preset trading plan
- Date
- 17 April 2026
- Shares
- 23,636
- Price
- $15.11
- Value
- $357,140
- MARROTT KARL TODDChief Operating OfficerSoldunder a preset trading plan
- Date
- 16 April 2026
- Shares
- 800
- Price
- $15.00
- Value
- $12,000
- MARROTT KARL TODDChief Operating OfficerSoldunder a preset trading plan
- Date
- 14 April 2026
- Shares
- 15,213
- Price
- $15.03
- Value
- $228,651
- Dewan Darryll EChief Executive OfficerSoldunder a preset trading plan
- Date
- 14 April 2026
- Shares
- 50,000
- Price
- $15.00
- Value
- $750,000
- CHISM DANIEL MChief Financial OfficerSoldunder a preset trading plan
- Date
- 14 April 2026
- Shares
- 25,000
- Price
- $15.00
- Value
- $375,000
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 2 June 2026 | Woodward Peter H Director | Sold | 100,000 | $15.48 | $2m |
| 1 June 2026 | Brennan Kieran Senior Vice President | Sold | 10,000 | $16.00 | $160,000 |
| 29 May 2026 | Woodward Peter H Director | Sold | 200,000 | $16.07 | $3m |
| 6 May 2026 | Dewan Darryll E Chief Executive Officer | Sold under a preset trading plan | 50,000 | $17.00 | $850,000 |
| 22 April 2026 | Dewan Darryll E Chief Executive Officer | Sold under a preset trading plan | 50,000 | $16.00 | $800,000 |
| 17 April 2026 | MARROTT KARL TODD Chief Operating Officer | Sold under a preset trading plan | 23,636 | $15.11 | $357,140 |
| 16 April 2026 | MARROTT KARL TODD Chief Operating Officer | Sold under a preset trading plan | 800 | $15.00 | $12,000 |
| 14 April 2026 | MARROTT KARL TODD Chief Operating Officer | Sold under a preset trading plan | 15,213 | $15.03 | $228,651 |
| 14 April 2026 | Dewan Darryll E Chief Executive Officer | Sold under a preset trading plan | 50,000 | $15.00 | $750,000 |
| 14 April 2026 | CHISM DANIEL M Chief Financial Officer | Sold under a preset trading plan | 25,000 | $15.00 | $375,000 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It isn't cheap on profits: 39.1× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.