ONE STOP SYSTEMS, INC. OSS

Technology SIC 3571 - Electronic Computers Nasdaq

One Stop Systems, Inc. ("we," "our," "OSS," or the "Company") was originally incorporated as a California corporation in 1999, after initially being formed as a California limited liability company in 1998. On December 14, 2017, the Company was reincorporated as a Delaware corporation in connection with its initial public offering. The Company designs, manufactures, and markets specialized rugged high-performance compute ("HPC"), high speed switch fabrics, and storage systems, which are designed to target edge applications for artificial intelligence ("AI") / machine learning ("ML"), sensor processing, sensor fusion, and autonomy. The Company markets its products to manufacturers of equipment and platforms used for autonomous vehicles, medical, industrial, aerospace, and defense applications, with special focus on platforms that move, such as planes, unmanned aerial vehicles (UAVs), trucks, ships, submarines, and mobile datacenters or command posts where sensor processing, sensor fusion, AI, and ML are integrated to support such applications. If an application needs sensor processing, AI, and/or autonomous capabilities, and it moves, OSS aims to deliver the highest performance solutions that are designed to survive these challenging environments.

Last close 9.97 2026-09-04
Market cap $248.7M 2026-06-30 share count
52-week range 4.17 - 20.88

Valuation FY2025 figures against the last close

P/S7.7x
P/E45.3x
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS0.22

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $32.2M$24.6M$60.9M$72.4M$62.0M$51.9M$58.3M$37.0M$27.5M
Cost of revenue $16.2M$23.9M$42.9M$52.0M$42.3M$35.5M$38.9M$25.7M$18.9M
Gross profit $16.0M$622.9K$18.0M$20.4M$19.6M$16.4M$19.4M$11.3M$8.7M
R&D $5.4M$3.5M$4.3M$4.7M$4.0M$4.3M$4.8M$4.0M$2.7M
SG&A $7.4M$7.2M$9.3M$7.3M$7.7M$8.4M$8.5M$6.5M$3.5M
Total operating expenses $19.4M$16.3M$25.9M$18.8M$17.9M$16.9M$20.2M$14.5M$9.1M
Operating income -$3.4M-$15.7M-$7.9M$1.6M$1.7M-$424.3K-$779.0K-$3.2M-$450.4K
Interest expense $2.5K$4.0K$117.8K$162.4K$527.1K$550.8K$165.6K$65.7K$199.3K
Pre-tax income -$3.1M-$15.2M-$5.8M$2.2M$2.9M-$610.3K-$663.1K-$3.0M-$619.3K
Income tax $11.3K$2.6K$927.1K$4.4M$605.7K$603.7K$237.3K$1.4M$402.7K
Net income $5.1M-$13.6M-$5.1M-$2.2M$2.3M-$6.5K-$900.3K-$1.1M$96.6K
EPS, basic 0.23-0.65-0.32-0.110.130.00-0.06-0.090.02
EPS, diluted 0.22-0.65-0.32-0.110.120.00-0.06-0.090.01
Shares, diluted (wtd. avg.) $23.2M$21.4M$20.9M$19.7M$19.5M$16.5M$15.1M$12.6M$10.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $31.2M$4.0M$4.0M$3.1M$5.1M$6.3M$5.2M$2.3M$185.7K$14.2K
Short-term investments $0$3.2M$7.8M$10.1M$14.5M
Receivables $11.5M$4.2M$8.3M$11.3M$5.1M$7.5M$11.7M$10.5M$5.2M
Inventory $5.4M$5.7M$21.7M$20.8M$12.3M$9.6M$7.4M$6.8M$3.7M
Total current assets $50.8M$32.2M$42.4M$45.8M$37.6M$24.1M$24.7M$20.3M$10.1M
Property, plant and equipment $674.7K$1.3M$2.4M$2.6M$3.1M$3.5M$3.6M$1.8M$1.6M
Goodwill $1.5M$1.5M$7.1M$7.1M$7.1M$7.1M$7.9M$3.3M
Other intangibles $73.9K$0$0$42.2K$105.4K$662.3K$1.3M$3.5M$608.4K
Total assets $52.8M$36.9M$48.3M$56.4M$51.6M$39.1M$39.8M$36.1M$16.9M
Accounts payable $1.7M$955.1K$1.2M$4.6M$2.1M$976.4K$4.1M$3.7M$3.9M
Short-term debt $3.0M$3.7M$3.6M$2.0M
Total current liabilities $5.6M$8.2M$6.9M$11.1M$9.6M$7.8M$10.7M$9.2M$9.9M
Long-term debt $409.3K$3.7M$2.0M$358.0K
Total liabilities $6.8M$9.8M$8.7M$12.0M$9.6M$9.8M$11.0M$9.5M$10.3M
Retained earnings -$17.0M-$22.1M-$8.4M-$1.7M$571.0K-$1.8M-$1.8M-$854.9K$281.4K
Total equity $46.0M$27.2M$39.6M$44.3M$42.0M$29.3M$28.8M$26.6M$6.6M$5.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$6.6M-$2.6M-$439.7K-$7.8M$5.6M-$250.2K$2.4M-$3.9M-$381.8K
Depreciation and amortisation $771.6K$927.3K$1.1M$987.1K$923.7K$922.6K$671.2K
Stock-based compensation $1.8M$1.9M$2.3M$2.0M$1.7M$724.4K$649.5K$527.3K$160.1K
Capital expenditure $114.6K$228.3K$821.8K$529.9K$563.8K$820.3K$2.4M$623.2K$425.5K
Investing cash flow $3.0M$4.3M$1.5M$3.9M-$15.1M-$818.8K-$2.4M-$5.9M-$425.5K
Financing cash flow $11.9M-$229.0K-$171.3K$1.9M$8.4M$2.1M$2.9M$11.9M$978.8K

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 0001193125-26-114051.

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