Data Storage Corp DTST
"we," "us," "our" and the "Company") has been a leading provider of multi-cloud hosting,
fully managed cloud services, disaster recovery, cybersecurity, IT automation, and voice & data solutions for more than twenty years.
Following the sale of our cloud solutions business on September 11, 2025, which consisted of the operations of our subsidiaries, CloudFirst
Technologies Corporation and CloudFirst Europe Ltd., there has been a strategic shift in our operations. We continue to operate our subsidiary,
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4M | $1.2M | $25.0M | $23.9M | $14.9M | $9.3M | $8.5M | $8.9M | $8.3M | $4.4M |
| Cost of revenue | $768.6K | $692.0K | $15.4M | $15.8M | $8.5M | $5.4M | $4.7M | $5.4M | $4.9M | $3.1M |
| Gross profit | $614.3K | $527.2K | $9.6M | $8.1M | $6.4M | $3.9M | $3.7M | $3.5M | $3.3M | $1.3M |
| SG&A | $4.2M | $3.8M | $9.7M | $9.8M | $7.2M | $3.9M | $3.5M | $3.1M | $3.4M | $1.9M |
| Total operating expenses | — | $11.0M | $9.7M | $12.2M | $7.2M | — | — | — | — | — |
| Operating income | -$3.6M | -$3.3M | -$168.4K | -$4.1M | -$767.1K | -$1.1K | $206.5K | $335.4K | -$84.8K | -$632.9K |
| Interest expense | — | $119.0K | $74.5K | $141.1K | $126.7K | $175.6K | $177.5K | $98.8K | $106.9K | $228.3K |
| Pre-tax income | -$2.7M | -$2.7M | $299.3K | -$4.4M | -$139.7K | $173.4K | $29.3K | $236.7K | -$188.5K | -$925.7K |
| Income tax | $1.9M | $39.0K | — | — | $399.6K | — | — | — | — | — |
| Net income | $19.2M | $513.1K | $381.6K | -$4.4M | $267.8K | $200.0K | $69.9K | $259.8K | -$184.1K | -$925.7K |
| EPS, basic | 2.64 | 0.08 | 0.06 | -0.64 | 0.04 | 0.02 | 0.00 | 0.00 | 0.00 | — |
| EPS, diluted | 2.64 | 0.08 | 0.05 | -0.64 | 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | -0.02 |
| Shares, diluted (wtd. avg.) | $7.3M | $6.9M | $7.4M | $6.8M | $6.3M | $3.4M | $128.2M | $131.9M | $128.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.0M | $1.1M | $1.4M | $2.3M | $12.1M | $893.6K | $326.6K | $228.8K | $105.1K | $255.8K |
| Short-term investments | $39.0M | $11.3M | $11.3M | $9.0M | — | — | — | — | — | — |
| Receivables | $34.6K | $59.0K | $1.3M | $3.5M | $2.4M | $554.6K | $691.4K | $531.2K | $406.4K | $807.5K |
| Total current assets | $42.6M | $15.4M | $14.5M | $15.4M | $15.1M | $1.7M | $1.1M | $927.9K | $631.7K | $1.3M |
| Property, plant and equipment | — | $3.4M | $2.7M | $2.2M | $1.9M | $2.3M | $2.2M | $1.3M | $1.6M | $178.7K |
| Goodwill | — | $4.2M | $4.2M | $4.2M | $6.6M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M |
| Other intangibles | — | $1.4M | $1.7M | $2.0M | $2.3M | $455.9K | $649.9K | $846.7K | $1.0M | $1.3M |
| Total assets | $43.0M | $25.3M | $23.3M | $24.1M | $26.3M | $7.8M | $7.3M | $6.1M | $6.4M | $5.8M |
| Accounts payable | $842.5K | $588.6K | $2.6M | $3.2M | $1.3M | $979.6K | $906.7K | $988.6K | $1.1M | $374.8K |
| Total current liabilities | $2.0M | $3.5M | $3.5M | $4.5M | $3.0M | $4.4M | $3.7M | $3.1M | $3.6M | $3.8M |
| Long-term debt | — | — | — | — | — | $107.1K | — | — | $286.8K | — |
| Total liabilities | $2.3M | $4.1M | $3.5M | $5.1M | $3.7M | $5.8M | $5.6M | $4.4M | $4.8M | $4.1M |
| Retained earnings | $222.1K | -$19.0M | -$19.5M | -$19.9M | -$15.5M | -$15.7M | -$15.8M | -$15.7M | -$15.9M | -$15.6M |
| Total equity | $40.9M | $21.4M | $19.8M | $18.9M | $22.6M | $1.9M | $1.7M | $1.8M | $1.6M | -$1.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.2M | $1.7M | $3.9M | $663.8K | -$360.7K | $1.1M | $799.7K | $541.3K | $478.7K | $57.1K |
| Depreciation and amortisation | $5.2K | $1.6K | $1.3M | $1.2M | $1.3M | $1.0M | $896.7K | $602.5K | $614.4K | $221.6K |
| Stock-based compensation | $1.0M | $499.0K | $506.2K | $734.5K | $171.8K | $158.7K | $41.3K | $32.0K | $183.7K | $48.6K |
| Capital expenditure | $16.0K | $2.1K | $1.5M | $127.3K | $455.8K | $181.1K | $40.4K | — | — | — |
| Investing cash flow | $6.9M | -$1.7M | -$3.9M | -$9.1M | -$6.4M | -$181.1K | -$40.4K | -$69.8K | — | $241.6K |
| Financing cash flow | -$1.3M | -$353.0K | -$878.8K | -$1.4M | $18.0M | -$362.6K | -$661.5K | -$347.9K | -$629.4K | -$110.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001731122-26-000564.
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