TSS, Inc. cash flow statement TSSI

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, TSS, Inc. generated $34.9 million of cash from operations, up 127.9% from the year before. It spent $32.7 million on capital expenditures. That left free cash flow of $2.1 million. The company returned $4.9 million in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2013 Dec 31, 2013	FY 2012 Dec 31, 2012
Operating
Depreciation and amortization	1 +34.5%	1 +79.8%	1 +90.0%	0 -20.0%	0 +0.0%	0 +0.0%	0 +0.0%	0 +0.0%	0 -25.0%	0 +22.7%	0 +24.8%
Stock-based compensation	—	4 +220.3%	1 +112.6%	1 +9.6%	1 +35.2%	0	0 +48.5%	0 +254.4%	0 -64.8%	0 -19.7%	1 -2.0%
Operating cash flow	6 +294.4%	35 +127.9%	15 +285.0%	-8 -156.2%	15 +47.2%	10	3 +58.7%	2 +4322.2%	-0	-2 -348.7%	-0 +87.4%
Investing
Capital expenditures	15 -62.0%	33 +286.0%	8 +3200.8%	0 -52.1%	1 +35.4%	0	1 +145.5%	0 +14.2%	0 -26.9%	—	0 +59.1%
Investing cash flow	-15 +62.0%	-33 -286.0%	-8 -3200.8%	-0 +52.1%	-1 -35.4%	-0	-0 -122.0%	2 +1764.7%	0	-2 -690.8%	-0 -782.4%
Financing
Debt issued	—	16 +99.2%	8	—	—	1	—	—	—	—	—
Debt repaid	9	7	0	0 -100.0%	2	—	—	—	—	—	—
Stock buybacks	2 -73.3%	5 +9.3%	4 +11112.5%	0 -70.1%	0 -23.0%	0	0 +2533.3%	0 +50.0%	0 +300.0%	0 -84.9%	0 -85.5%
Financing cash flow	-11 -115.7%	60 +1214.3%	5 +11545.0%	-0 +97.7%	-2 -341.6%	1	-0 -188.9%	0 +83.1%	0	2 +473.3%	-0 +21.6%
Change in cash
Net change in cash	—	—	—	-9 -169.1%	12 +20.0%	10	—	—	—	—	—
Free cash flow	-9 +79.2%	2 -68.9%	7 +179.9%	-9 -160.1%	14 +47.7%	10	2 +46.0%	2 +745.1%	-0	—	-1 +81.2%
Per share
Free cash flow per share	-0.30 +81.3%	0.08 -71.3%	0.27 +170.2%	-0.39 -154.8%	0.71 +35.2%	0.46	0.12 +30.3%	0.09 +670.7%	-0.02	—	-0.05 +80.3%
Shareholder returns
Returned to shareholders	2	5	4	0	0	0	0	0	0	0	0
Share of free cash flow	—	231.32%	65.83%	—	0.95%	1.81%	6.53%	0.36%	—	—	—
Ratios
Free cash flow margin	-4.36%	0.86%	4.60%	-15.67%	46.27%	21.31%	7.39%	7.42%	-1.40%	—	-1.51%
Capital expenditures to revenue	7.37%	13.33%	5.73%	0.47%	1.75%	0.88%	1.81%	1.08%	1.16%	—	0.54%
Stock-based compensation to revenue	—	1.61%	0.83%	1.07%	1.73%	0.87%	1.09%	1.08%	0.37%	0.90%	1.05%
Cash conversion	0.35x	2.30x	2.56x	-111.74x	—	126.54x	23.93x	0.78x	-0.06x	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Services-Management Consulting Services (SIC 8742)
Listed as: TSSI (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Round Rock, TX
SEC filer status: Non-accelerated filer
SEC CIK: 1320760
Former names: Fortress International Group, Inc. (until Aug 14, 2013); Fortress America Acquisition CORP (until Jan 30, 2007)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.