ONE STOP SYSTEMS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $32.2M | $24.6M | $60.9M | $72.4M | $62.0M | $51.9M | $58.3M |
| Cost of Revenue | — | $16.2M | $23.9M | $42.9M | $52.0M | $42.3M | $35.5M | $38.9M |
| Gross Profit | — | $16.0M | $622.9K | $18.0M | $20.4M | $19.6M | $16.4M | $19.4M |
| Gross Margin | — | 49.6% | 2.5% | 29.5% | 28.2% | 31.7% | 31.7% | 33.3% |
| Operating Expenses | ||||||||
| Research & Development | — | $5.4M | $3.5M | $4.3M | $4.7M | $4.0M | $4.3M | $4.8M |
| SG&A Expense | — | $7.4M | $7.2M | $9.3M | $7.3M | $7.7M | $8.4M | $8.5M |
| Operating Income | — | $-3.4M | $-15.7M | $-7.9M | $1.6M | $1.7M | $-424.3K | $-779.0K |
| Operating Margin | — | -10.5% | -63.8% | -13.0% | 2.2% | 2.8% | -0.8% | -1.3% |
| Interest Expense | — | $2.5K | $4.0K | $117.8K | $162.4K | $527.1K | $550.8K | $165.6K |
| Pretax Income | — | $-3.1M | $-15.2M | $-5.8M | $2.2M | $2.9M | $-610.3K | $-663.1K |
| Income Tax Expense | — | $11.3K | $2.6K | $927.1K | $4.4M | $605.7K | $-603.7K | $237.3K |
| Net Income | — | $5.1M | $-13.6M | $-6.7M | $-2.2M | $2.3M | $-6.5K | $-900.3K |
| Net Margin | — | 15.8% | -55.5% | -11.0% | -3.1% | 3.8% | 0.0% | -1.5% |
| EPS (Basic) | — | $0.23 | $-0.65 | $-0.32 | $-0.11 | $0.13 | $0.00 | $-0.06 |
| EPS (Diluted) | — | $0.22 | $-0.65 | $-0.32 | $-0.11 | $0.12 | $0.00 | $-0.06 |
| Shares Outstanding (Basic) | 24.7M | 22.4M | 21.0M | 20.9M | 19.7M | 18.3M | 16.5M | 15.1M |
| Shares Outstanding (Diluted) | 24.7M | 23.2M | 21.4M | 20.9M | 19.7M | 19.5M | 16.5M | 15.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |
Mimicking the herd invites regression to the mean (merely average performance).