TSS Inc
tssiusa.comWhat Do They Do?
Procures third-party hardware, software and professional services for IT equipment makers, technology and service companies, and private businesses. Also configures and integrates customized computer systems, including AI-enabled data center racks, for OEMs and data center operators.
10-K for FY2025, filed Mar 18, 2026TSS, Inc. ("TSS”, the "Company”, "we”, "us” or "our”) provides a comprehensive suite of services for the integration of complex Artificial…View ↗
To assist our customers with IT equipment deployment in their data centers, we provide what we call "systems integration” services. We…View ↗
We generate revenues from fees we charge our customers to procure third-party hardware, software and professional services on their behalf…View ↗
Our customers include IT OEM equipment, technology and service companies and private-sector businesses that in some cases are the end users…View ↗
How Do They Make Money?
TSS charges customers to source third-party hardware, software and services, with procurement revenue earned when sourcing is complete or the finished product is delivered. It charges for integrated systems at shipment and earns monthly fees for rack-support capacity; facilities maintenance contracts are billed annually in advance.
10-K for FY2025, filed Mar 18, 2026We generate revenues from fees we charge our customers to procure third-party hardware, software and professional services on their behalf…View ↗
We generate integration services revenues by providing our customers with customized systems and rack-level integration services. We…View ↗
Pursuant to a long-term agreement signed in 2024 and subsequently amended in 2025, we also recognize revenue monthly at contractually based…View ↗
We generate maintenance services revenues by providing our customers with as-needed maintenance and repair services on MDCs during the…View ↗
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10-K for FY2025, filed Mar 18, 2026
FY2025 revenue by reportable segment ↗
$245.7M
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10-K for FY2025, filed Mar 18, 2026
$245.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Facilities Segment
|
3.2%
FY2022: 33%
|
Facilities Segment, FY2025
$7.9M Sources
|
|
|
Procurement
Sold outright
10-K for FY2025, filed Mar 18, 2026 |
80% |
Procurement, FY2025
$197.5M Sources
|
Sold outright |
|
System Integration
|
16% |
System Integration, FY2025
$40.3M Sources
|
Who Are Their Customers?
Most sales flow through strategic alignment with a global Fortune 100 OEM; the company also co-sells through partners and is building direct relationships with end users.
10-K for FY2025, filed Mar 18, 2026Our customers include IT OEM equipment, technology and service companies and private-sector businesses that in some cases are the end users…View ↗
A key part of our selling strategy is entering into master service agreements with multiple partners and co-selling our range of services…View ↗
We continue to expand on our go-to-market strategy to also capitalize on our investment in direct selling personnel and leveraging our OEM…View ↗
10-K for FY2025, filed Mar 18, 2026
Year Ended December 31, 2025 2024 2023 US-based IT OEM 99 % 99 % 96 %View ↗
Do Revenues Turn Into Profits?
Yes. It kept 6 cents of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.
10-K for FY2025, filed Mar 18, 2026
$6.3MView ↗
10-K for FY2025, filed Mar 18, 2026
$15.1MView ↗
10-K for FY2025, filed Mar 18, 2026
$2.1MView ↗
How Are They Changing?
10-Q/A, filed Aug 14, 2026
Open tableView ↗
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Aug 13, 2026
Maintains adjusted EBITDA outlook at the upper end of its range
TSS said it expects adjusted EBITDA at the upper end of its $20 million to $22 million range.
Sources
8-K, filed Aug 13, 2026
Dewan concluded, “Looking ahead, we expect the second half of this year to be stronger than the first half with accelerated growth in…View ↗
Growing. Revenue grew 9.0x in 4 years, from $27.4M in FY2021 to $245.7M in FY2025, about 73% a year.
AI rack integration
The earlier report focused on cloud IT infrastructure and modular data centers; the latest describes AI-enabled rack integration and the power and cooling needs of newer data center systems.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 18, 2026In particular, we are focused on the cloud IT infrastructure market with emphasis on the modular data center area, and we have concentrated…View ↗
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