TSS, Inc. filings document a data center services business focused on AI and high-performance computing infrastructure and software integration. Its 8-K reports include operating results and Regulation G disclosures for non-GAAP measures, with segment references to Procurement, Systems Integration, and Facilities Management.
The company’s SEC record also covers proxy governance matters, including director elections and auditor ratification, board appointments and related equity compensation, and material financing disclosures. Credit-agreement filings for wholly owned subsidiary VTC, L.L.C. document term loan obligations, amendments, and the use of debt financing for capital expenditure needs.
TSS, Inc. Chief Executive Officer Darryll E. Dewan reported an open-market sale of 50,000 shares of common stock at $17.00 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025, indicating it was scheduled in advance.
Following this transaction, Dewan directly owned 454,471 shares of TSS common stock and also had an indirect holding of 5,000 shares reported as held by his spouse.
TSS, Inc. reported first quarter 2026 revenue of $55.3 million, down from $99.0 million a year earlier, as lower procurement volumes offset strong growth elsewhere. Procurement revenue fell to $40.0 million, while higher-margin systems integration revenue rose 88% year over year to $14.1 million. Facilities management contributed $1.3 million.
Diluted EPS was $0.08 compared with $0.12 in first quarter 2025. Adjusted EBITDA was $5.3 million, slightly above $5.2 million a year ago, reflecting a richer mix of systems integration work. The company reaffirmed its 2026 Adjusted EBITDA outlook of $20–$22 million and now expects performance toward the high end of that range.
As of March 31, 2026, TSS held $66.0 million in cash and cash equivalents and had total liabilities of $74.9 million, with stockholders’ equity of $78.7 million.
TSS, Inc. reported Q1 2026 revenue of $55.3 million, down from $99.0 million a year earlier, mainly because prior-year procurement activity was unusually high. Systems integration revenue nearly doubled to $14.1 million, driven by AI-enabled rack integration under a long-term agreement with its largest OEM customer.
Net income was $2.3 million versus $3.0 million last year, as lower procurement volume and higher operating costs more than offset AI integration growth. Cash, cash equivalents and restricted cash totaled $67.8 million at March 31, 2026, down from $85.5 million at year-end, mainly due to working capital swings and debt repayment.
The company remains highly concentrated: one U.S.-based IT OEM generated 99% of Q1 2026 revenue and 88% of receivables. TSS is investing heavily in its Georgetown, Texas integration facility, supported by a $20.0 million term loan and a long-term AI rack integration agreement that includes minimum payments and extended term.
TSSI filed a Form 144 to sell 100,000 shares of Common Stock. The filing lists the securities as restricted stock vesting under a registered plan with a transaction date of 01/24/2026 and cites services rendered as the acquisition basis.
The filing also discloses two recent sales by Darryll Dewan/TSS Inc.: 50,000 shares on 04/14/2026 for $750,000 and 50,000 shares on 04/22/2026 for $800,000. Shares outstanding are listed as 28,860,368 as of 05/06/2026.
TSS, Inc. Chief Executive Officer Darryll E. Dewan reported an open-market sale of 50,000 shares of common stock at $16.00 per share. After this transaction, he directly holds 504,471 shares of TSS common stock and has an additional 5,000 shares reported as indirectly owned through his spouse. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025, indicating the trades were scheduled in advance rather than timed discretionarily.
TSS, Inc. is soliciting proxies for its 2026 Annual Meeting of Stockholders on June 4, 2026 in Georgetown, Texas. Stockholders will vote to elect Peter H. Woodward and Dr. Vivek Mohindra as Class III directors for terms through the 2029 meeting and to ratify BDO USA, P.C. as independent registered public accounting firm for 2026.
Holders of 28,860,368 common shares outstanding as of April 7, 2026 are entitled to one vote per share, with a majority of shares constituting a quorum. The proxy also details board structure, director independence, executive and director pay, equity plans, pay-versus-performance disclosure, and audit fees.
TSS, Inc. Chief Operating Officer Karl Todd Marrott reported routine equity compensation activity in the form of restricted stock and related tax withholding. He received a grant of 250,000 shares of restricted common stock at no cost under an award agreement. According to the terms, 125,000 shares vested on June 27, 2025 and 125,000 shares will vest on June 27, 2026, and the award is subject to forfeiture. In a separate transaction, 48,652 shares were surrendered to the company to satisfy tax withholding obligations tied to the vesting of restricted stock, rather than being sold on the open market.
TSS, Inc. Chief Operating Officer Karl Todd Marrott reported open-market sales of company common stock executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 12, 2025. He sold 15,213 shares at a weighted average price of $15.0275 on April 14, 2026 and 23,636 shares at a weighted average price of $15.1128 on April 17, 2026. Following the most recent sale, he directly holds 251,287 shares of TSS common stock.
TSS, Inc. Chief Operating Officer Karl Todd Marrott executed an open-market sale of 800 shares of Common Stock at $15.00 per share. The transaction was carried out on April 16, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on September 12, 2025.
Following this sale, Marrott directly holds 290,136 shares of TSS, Inc. common stock, indicating that the transaction represents a small portion of his overall reported position.
TSS, Inc. Chief Executive Officer Darryll E. Dewan reported an open-market sale of 50,000 shares of Common Stock at $15.00 per share on April 14, 2026. The transaction was executed under a Rule 10b5-1 trading plan adopted on December 15, 2025.
Following the sale, he directly holds 554,471 shares of Common Stock and has indirect ownership of 5,000 additional shares held by his spouse.