TSS Inc. reports year-to-date revenue up 88% to $184.8 million
Reuters
Nov 14
TSS Inc. reports year-to-date revenue up 88% to $184.8 million
TSS Inc. reported year-to-date 2025 revenues of $184.8 million, an increase of 88% compared to the first nine months of 2024. Procurement revenues rose 100% to $154.3 million, while Systems Integration revenues increased 78% to $26.1 million. Facilities Management revenues declined 32% to $4.4 million. Gross profit grew 39% to $21.0 million. Net income for the period was $3.0 million, down 27%, with diluted earnings per share at $0.11, compared to $0.16 last year. Adjusted EBITDA increased 59% to $10.7 million. For the third quarter of 2025, revenues were $41.9 million, down 40% from Q3 2024. The company reported a net loss of $1.5 million for the quarter, compared to net income of $2.6 million in the same period last year. TSS Inc. noted lower-than-expected rack integration volumes in its Systems Integration business during the quarter, and has implemented new procedures to address this, expecting higher volumes in the fourth quarter. Investments in a new factory also impacted third quarter costs.
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