TSS (TSSI) Cash Flow: Operating & Free Cash Flow

TSS Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for TSS, Inc. (TSSI) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	15.13	5.98	0.07	-0.07	-0.07	-1.30	0.08	0.13	2.44	0.77
Depreciation & Amortization	3.77	0.61	0.32	0.38	0.38	0.54	0.53	0.37	0.39	0.48
Deferred Income Tax	-7.92	0.00	0.00	0.00	-	0.00	0.00	0.00	-1.14	-0.29
Stock Based Compensation	3.96	1.24	0.58	0.53	0.53	0.47	0.39	0.36	0.24	0.07
Change in Working Capital	8.92	6.63	-9.24	13.85	13.85	-10.30	9.68	1.97	-0.21	-1.12
Change in Accounts Receivable	1.54	-12.22	-1.86	-0.56	-0.90	-0.93	2.95	-3.14	-0.48	1.45
Change in Inventory	1.31	-15.33	-1.48	-0.02	-0.02	-0.65	1.16	-1.25	0.03	-0.08
Change in Accounts Payable	-1.64	38.98	0.00	0.00	14.60	-6.36	4.52	6.43	0.37	-2.47
Change in Other Working Capital	7.71	0.85	-5.90	14.42	0.02	-0.76	-0.79	-0.08	-0.12	-0.02
Other Operating Activities	11.01	0.85	0.00	0.02	0.02	0.14	-0.68	0.19	0.18	0.05
Net Cash from Operating Activities	34.86	15.30	-8.27	14.71	14.71	-10.45	10.00	3.02	1.90	-0.05
Investing Activities
Capital Expenditures	-32.74	-8.48	-0.26	-0.54	-0.54	-0.06	-0.40	-0.59	-0.24	-0.21
Acquisitions	0.00	0.00	0.00	0.00	-	0.00	0.00	0.18	2.14	0.31
Other Investing Activities	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	2.14	0.31
Net Cash from Investing Activities	-32.74	-8.48	-0.26	-0.54	-0.54	-0.06	-0.40	-0.42	1.90	0.10
Financing Activities
Debt Repayment	9.75	8.20	0.00	-2.05	-2.05	-0.35	0.89	0.00	0.00	0.06
Common Stock Issued	55.30	0.00	0.00	0.04	0.04	0.05	0.02	0.06	0.11	0.00
Common Stock Repurchased	-4.90	-4.49	-0.04	-0.13	-0.13	-0.20	-0.17	-0.16	-0.01	0.00
Other Financing Activities	0.00	0.86	0.00	0.37	-	0.00	0.02	0.00	0.00	0.00
Net Cash from Financing Activities	60.17	4.58	-0.04	-1.77	-1.77	-0.50	0.73	-0.10	0.11	0.06
Summary
Net Change in Cash	62.29	11.39	-8.57	12.41	12.41	-11.02	10.33	2.50	3.91	0.12
Cash at Beginning of Period	23.22	11.83	20.40	7.99	7.99	19.01	8.68	6.18	2.27	2.15
Cash at End of Period	85.51	23.22	11.83	20.40	20.40	7.99	19.01	8.68	6.18	2.27
Free Cash Flow	2.12	6.81	-8.53	14.18	14.18	-10.52	9.60	2.42	1.66	-0.26
Supplemental Disclosures
Interest Paid	-	2.60	1.96	-	0.94	0.15	0.15	-	-	-
Income Taxes Paid	-	0.08	0.05	-	0.04	0.06	0.06	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About TSS Cash Flow

What is TSS's free cash flow?

TSS generated free cash flow of $2.12M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $34.86M minus $32.74M of capital expenditures. That was down 68.9% from $6.81M a year earlier. Free cash flow equaled 0.9% of revenue.

How much does TSS spend on capital expenditures?

TSS spent $32.74M on capital expenditures in fiscal 2025, compared with $8.48M a year earlier. That equals 93.9% of operating cash flow.

Does TSS pay dividends or buy back shares?

Yes. In fiscal 2025 TSS returned $4.90M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition