One Stop Systems, Inc. (OSS) financials

NASDAQ · Technology · Computer Hardware · 57 employees · CEO Michael Knowles

Price: $5.14 -11.68%
Market cap: $129M
Enterprise value: $124M
Last report: Q3 '26 filed 2026-10-28
Next report: 2027-03-17 EPS est. $0.02

Revenue (TTM)$17.1M-71.6% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)-54.7%-44.3 pp vs a year agoOperating income -$9.36M

Net income (TTM)$429K+106.2% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)-$9.62M-24.8% vs a year agoCapex -$147K

Diluted EPS (TTM)$0.07+121.5% vs a year agoSum of the last 4 quarters

Net cash$17.6M+197,672.9% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $129M
Revenue: $17.1M
Revenue growth: –
Profit margin: 2.5%
P/E: 64.3×
P/S: 7.5×
EV / EBITDA: -16.1×
Free cash flow: -$9.62M
Net income: $429K
Revenue estimate: –
Earnings: 2027-03-17
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-10-28): revenue beat by 15.0%, EPS in lineRevenue $12.6M vs $10.9M expected (+15.0%); EPS $0.01 vs $0.01 (0.0%).
Revenue growth accelerating: -32.9% year on yearQ3 '26 revenue $12.6M, against an average of -54.1% over the four quarters before.
Operating margin -54.7% (TTM), -44.3 pp on a year agoOperating income grew -48.4% while revenue grew -71.6%.
Capex 0.9% of revenue (a year ago 0.9%)$147K invested in the last 4 quarters (-72.3% on a year earlier). Free cash flow -$9.62M = -2,241.7% of net income.
Diluted share count up 9.4% in a year25M diluted shares in Q3 '26, 22.8M a year earlier.
Net cash $17.6MCash + short-term investments $18.9M, debt incl. leases $1.32M; a year ago net cash $8.88K.
One Stop Systems Segment: revenue +43.4%, margin -4.4% (was -111.0%)Fastest-growing reported segment in Q3 '25: operating income -$410K on revenue $9.26M (from the segment note of the filing).

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	$12.6M	$18.8M	-32.9%
Gross margin	42.6%	35.7%	+6.9 pp
Operating income	-$835K	$570K	-246.4%
Operating margin	-6.6%	3.0%	-9.7 pp
Net income	-$594K	$263K	-325.3%
Diluted EPS	-$0.02	$0.01	-273.9%
Operating cash flow	-$11.8M	-$3.42M	-245.5%
Capex	$65.5K	$295K	-77.8%
Free cash flow	-$11.9M	-$3.72M	-219.8%
R&D	$1.11M	$1.45M	-23.4%
Stock-based compensation	$910K	$445K	+104.6%

Reported vs consensus

2026-10-28

	Actual	Consensus	vs consensus
Revenue	$12.6M	$10.9M	+15.0%
EPS (as estimated)	$0.01	$0.01	0.0%

From the report of 2026-10-28 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q3 '26	y/y	Share	TTM	TTM y/y	12 quarters
Product	$12.4M	-33.1%	98.2%	$27.8M	-42.4%
Service	$230K	-22.1%	1.8%	$2.18M	-4.5%

Revenue by region

share of total

Segment	Q3 '26	y/y	Share	TTM	TTM y/y	12 quarters
Non Us	$22.4M	+106.9%	58.0%	–	–
United States	$16.2M	+112.4%	42.0%	–	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q3 '25

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Bressner Technology Segment	$9.49M	+31.1%	$981K	+124.2%	10.3%	6.0%	$2.51M
One Stop Systems Segment	$9.26M	+43.4%	-$410K	+94.3%	-4.4%	-111.0%	-$8.82M

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: -$9.77M
Capex: $147K
Buybacks: $0
Dividends: $0
Acquisitions: $0
Net debt issued: -$1M
Stock-based compensation: $3.33M
Free cash flow: -$9.62M
Returned to shareholders / FCF: 0.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	64.3×	34.6× 2 of 5 years	31.2× – 38.1×
EV / EBITDA	-16.1×	17.9× 2 of 5 years	17.8× – 18.0×
EV / Sales	7.3×	1.7×	0.7× – 4.1×
Price / FCF	-13.4×	17.9× 1 of 5 years	17.9× – 17.9×
Price / Book	3.4×	2.1×	1.1× – 3.5×
FCF yield	-7.5%	-3.2%	-14.0% – 5.6%
Return on invested capital	-22.4%	-14.0%	-44.4% – 3.0%
Return on equity	1.0%	-11.1%	-50.2% – 11.1%

Analysts

Consensus target $15.33 (+198.2%)
range $15.00 – $16.00 · rating Buy

Strong buy0

Buy5

Hold2

Sell0

Strong sell0

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 200 figures One Stop Systems, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
Accounts Payable, Current	$2.11M	$6.03M	-65.0%	$1.72M	$955K	+79.7%
Accounts Receivable, after Allowance for Credit Loss, Current	$12.7M	$12M	+6.0%	$11.5M	$4.19M	+175.7%
Accounts Receivable, Allowance for Credit Loss	$653K	$78.9K	+726.8%	$78.9K	$79K	-0.1%
Accounts Receivable, Allowance for Credit Loss, Current	$653K	$191K	+242.1%	$78.9K	$79K	-0.1%
Accounts Receivable, Allowance for Credit Loss, Recovery	$02026-03-31	$0	–	–	–	–
Accounts Receivable, Allowance for Credit Loss, Writeoff	$0	$0	–	$100	$0	–
Accounts Receivable, before Allowance for Credit Loss, Current	$13.4M	$12.2M	+9.7%	$11.6M	$4.27M	+172.5%
Accounts Receivable, Credit Loss Expense (Reversal)	$544K	$43.5K	+1,149.8%	$0	$40K	-100.0%
Accrual for Taxes Other than Income Taxes, Current	$17.1K	$872K	-98.0%	$25.7K	$20.3K	+26.5%
Accrued Liabilities and Other Liabilities	$5.68M	$4.15M	+37.0%	$3.63M	$3.47M	+4.5%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$7.31M2025-12-31	$6.62M	+10.4%	$7.31M	$6.62M	+10.4%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$50.1K	$997K	-105.0%	$140K2024-12-31	$675K	-79.2%
Additional Paid in Capital	$63.8M	$51.2M	+24.6%	$63M	$49.1M	+28.3%
Advertising Expense	–	–	–	$46.7K	$25.9K	+80.2%
Amortization of Intangible Assets	$0	$0	–	$0	$0	–
Assets	$47.4M	$43.1M	+10.1%	$52.8M	$36.9M	+43.0%
Assets, Current	$45.9M	$36M	+27.6%	$50.8M	$32.2M	+57.8%
Cash and Cash Equivalents, at Carrying Value	$5.64M	$6.51M	-13.4%	$31.2M	$4.04M	+671.1%
Cash Provided by (Used in) Financing Activities, Discontinued Operations	$0	$0	–	$136K	-$955K	+114.3%
Cash Provided by (Used in) Investing Activities, Discontinued Operations	$0	-$242K	+100.0%	$17.5M	-$134K	+13,089.8%
Cash Provided by (Used in) Operating Activities, Discontinued Operations	$0	-$256K	+100.0%	$261K	$2.49M	-89.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations	–	–	–	$2.75M2024-12-31	–	–
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$5.64M	$6.51M	-13.4%	$33.4M	$6.79M	+391.2%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	-$1.87M2025-09-30	$2.54M	-173.7%	$2.9M2024-12-31	$910K	+218.6%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	-$11.6M	-$1.95M	-496.7%	$26.6M	$2.75M	+868.3%
Common Stock, Par or Stated Value Per Share	$0.00	$0.00	0.0%	$0.00	$0.00	0.0%
Common Stock, Shares Authorized	50M	50M	0.0%	50M	50M	0.0%
Common Stock, Shares, Issued	25M	22M	+13.8%	24.6M	21.1M	+16.2%
Common Stock, Shares, Outstanding	25M	22M	+13.8%	24.6M	21.1M	+16.2%
Common Stock, Value, Issued	$2.51K	$2.2K	+13.8%	$2.46K	$2.12K	+16.2%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	-$597K	-$125K	-378.2%	$4.95M	-$14.2M	+134.9%
Contract with Customer, Liability, Current	$2.6M	$123K	+2,010.0%	$339K	$218K	+55.3%
Cost of Revenue	$7.23M	$5.04M	+43.3%	$16.2M	$23.9M	-32.2%
Current Federal Tax Expense (Benefit)	–	–	–	$0	$0	–
Current Foreign Tax Expense (Benefit)	–	–	–	$695K	$696K	-0.1%
Current Income Tax Expense (Benefit)	–	–	–	$707K	$698K	+1.2%
Current State and Local Tax Expense (Benefit)	–	–	–	$11.3K	$2.56K	+341.8%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	$0	$0	–
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	-$43.5K	$28.1K	-255.1%
Deferred Income Tax Expense (Benefit)	$491K2025-12-31	$580K	-15.3%	-$43.5K	$28.1K	-255.1%
Deferred Income Tax Liabilities, Net	$39.8K2025-09-30	–	–	$52.6K2024-12-31	$44.7K	+17.7%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	$0	$0	–
Deferred Tax Assets, Deferred Income	$93.2K2025-12-31	$66.2K	+40.9%	$93.2K	$66.2K	+40.9%
Deferred Tax Assets, Gross	$10.7M2025-12-31	$10.2M	+4.7%	$10.7M	$10.2M	+4.7%
Deferred Tax Assets, Inventory	$1.93M2025-12-31	$2.26M	-14.4%	$1.93M	$2.26M	-14.4%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits	$138K2025-12-31	$129K	+6.9%	$138K	$129K	+6.9%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	$224K2025-12-31	$348K	-35.6%	$224K	$348K	-35.6%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Reserves	$75.9K2025-12-31	$558K	-86.4%	$75.9K	$558K	-86.4%
Deferred Tax Liabilities, Gross	$02025-12-31	$52.6K	-100.0%	$0	$52.6K	-100.0%
Deferred Tax Liabilities, Net	$892K2025-12-31	$1.18M	-24.3%	$892K	$1.18M	-24.3%
Deferred Tax Liabilities, Other	$496K2025-12-31	$555K	-10.7%	$496K	$555K	-10.7%
Deferred Tax Liabilities, Property, Plant and Equipment	$76.8K2025-12-31	$217K	-64.7%	$76.8K	$217K	-64.7%
Defined Contribution Plan, Cost	–	–	–	$395K	$371K	+6.4%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	–	–	–	5.0%	5.0%	0.0%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	–	–	–	100.0%	100.0%	0.0%
Depreciation	$183K	$193K	-5.0%	$772K	$927K	-16.8%
Depreciation, Depletion and Amortization	$94.8K2025-12-31	$112K	-15.3%	$772K	$927K	-16.8%
Disposal Group, Including Discontinued Operation, Assets	$0	–	–	–	–	–
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	–	–	–	$1.93M2024-12-31	–	–
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents	–	–	–	$2.75M2024-12-31	–	–

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-02