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OSS

One Stop Systems, Inc.

OSS

One Stop Systems, Inc. • NASDAQ
$6.09 ▲ 2.35% (+0.14)
Market Cap $131.17 M
52w High $7.20
52w Low $1.85
Dividend Yield 0%
P/E -19.03
Volume 591.96K
Outstanding Shares 21.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $18.756M ▲ $6.122M ▼ $263.487K ▲ 1.405% ▲ $0.01 ▲ $771.201K ▲
Q2-2025 $14.109M ▲ $6.236M ▲ $-2.021M ▼ -14.323% ▲ $-0.093 ▲ $-1.448M ▲
Q1-2025 $12.259M ▼ $5.942M ▲ $-2.018M ▲ -16.458% ▲ $-0.094 ▲ $-1.593M ▲
Q4-2024 $15.14M ▲ $5.485M ▲ $-3.135M ▲ -20.705% ▲ $-0.15 ▲ $-2.683M ▲
Q3-2024 $13.701M $5.016M $-6.815M -49.743% $-0.32 $-6.39M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $6.508M ▼ $43.058M ▲ $16.718M ▲ $26.34M ▲
Q2-2025 $9.489M ▲ $39.376M ▲ $13.172M ▲ $26.204M ▲
Q1-2025 $9.119M ▼ $37.106M ▲ $11.056M ▲ $26.05M ▼
Q4-2024 $10.011M ▼ $36.934M ▼ $9.762M ▼ $27.172M ▼
Q3-2024 $12.583M $43.674M $13.049M $30.624M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $263.487K ▲ $-3.421M ▼ $733.64K ▼ $815.708K ▲ $-1.951M ▼ $-3.716M ▼
Q2-2025 $-2.021M ▼ $-368.704K ▲ $1.426M ▲ $567.647K ▲ $1.96M ▲ $-529.24K ▲
Q1-2025 $-2.018M ▲ $-1.136M ▲ $584.495K ▲ $129.656K ▲ $-295.625K ▲ $-1.148M ▲
Q4-2024 $-3.135M ▲ $-2.252M ▼ $-102.476K ▼ $-39.763K ▲ $-2.609M ▼ $-2.316M ▼
Q3-2024 $-6.815M $916.803K $1.752M $-129.349K $2.651M $822.108K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $0 ▲$10.00M ▲$10.00M ▲$20.00M ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown over the past several years but remains relatively modest, with a small pullback in the most recent year. Profitability is the main concern: the business has slipped from roughly breakeven a few years ago into consistent losses recently. Gross margins are positive but not strong enough to cover operating costs, leading to negative operating income and net income. The trend in earnings per share has moved from slightly positive to clearly negative, suggesting the company is still working to reach sustainable scale and cost efficiency.

Balance Sheet

Balance Sheet The balance sheet looks relatively clean and simple, with no meaningful financial debt at this point and shareholders’ equity funding most of the business. Overall asset levels are modest and have eased slightly from earlier years, which can signal tighter operations but also limited growth investment capacity. Cash on hand improved in the latest year after being quite thin before, giving the company a bit more flexibility. There is no obvious balance sheet distress, but also not a lot of financial cushion if results weaken further.

Cash Flow

Cash Flow Cash generation has hovered around breakeven, with only small swings between slightly positive and slightly negative over the past few years. Capital spending has been very light, which helps free cash flow but may also reflect tight control of investment. The company does not appear to be burning large amounts of cash, but it also is not consistently producing strong surplus cash from operations. This pattern suggests a business in transition, still trying to convert its revenue base into reliable cash profits.

Competitive Edge

Competitive Edge OSS operates in a focused niche: high‑performance, rugged computing for demanding “AI at the edge” uses, especially in defense and aerospace. Its strengths lie in deep expertise in high‑speed interconnects, thermal management, and compact, rugged designs that can survive harsh, mobile environments. Close customer co‑development, customization, and some sole‑source defense programs create switching costs and a partial moat, especially against more generic hardware suppliers. On the other hand, the company remains small relative to large server and defense contractors, and its concentration in a few specialized end markets can create dependence on specific programs and budgets.

Innovation and R&D

Innovation and R&D Innovation is clearly central to OSS’s strategy. The company focuses on ruggedizing cutting‑edge GPUs, interconnects, and storage for edge AI workloads, integrating hardware and specialized software into compact systems. Flagship offerings like its rugged edge supercomputers and high‑speed storage software highlight its ability to deliver datacenter‑class performance in small, mobile platforms. Ongoing work on next‑generation interconnects, cooling, and power efficiency, along with targeted partnerships (for example with leading chip makers), show a commitment to staying at the technological frontier. The key risk is that this level of innovation is expensive and fast‑moving, which can be challenging for a company of OSS’s size.

Summary

OSS is a niche technology company with a clear specialization in rugged, high‑performance computing for AI and defense applications. Strategically, it appears well positioned in a growing area where its engineering know‑how and customer relationships matter. Financially, however, it is still in a scale‑up phase: revenue is modest, profits are negative, and cash flows are only around breakeven. The balance sheet is straightforward and largely debt‑free, which reduces financial risk but leaves limited excess resources. Overall, this looks like an innovation‑driven, specialized hardware player with meaningful technical strengths but also the typical risks of a small, unprofitable company competing in a demanding, fast‑moving market.

NEWS

November 18, 2025 · 8:00 AM UTC

OSS Expands Best-In-Class High Performance Compute Portfolio with the Launch of PCIe Gen 6 Product Line at SC25

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November 11, 2025 · 8:00 AM UTC

OSS to Demonstrate Best-In-Class High Performance Compute Portfolio at SC25

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November 5, 2025 · 8:00 AM UTC

One Stop Systems Reports Q3 2025 Results

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October 22, 2025 · 8:30 AM UTC

One Stop Systems to Report Third Quarter 2025 Financial Results

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October 9, 2025 · 8:00 AM UTC

OSS Announces New Multi-Year Platform Award for Commercial Passenger Cabin Systems

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