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One Stop Systems (OSS) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · One Stop Systems (OSS) Q3 2026 earnings results →

Q3 2026 Revenue up 36% year over year to $12.6M · 5¢ of every $1 of revenue lost · operating margin -6.6%

One Stop Systems made $12.6M in Q3 2026 (+36% Y/Y): Product $12.4M, Service $230K. Operating margin -6.6%, net loss $594K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$12.6M
Year over year+36%
Operating margin-6.6%
Net earnings−$594K
Operating cash flow−$11.8M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $12.6M in Q3 2026, up 36% year over year and up 35% from the previous quarter. Product was the largest line at 98% of revenue. Product added $3.4M year over year (up 38%), 102% of the total change. Service declined 22%.

Gross margin was 42.6%, down 3.0 points from Q3 2025. Operating costs exceeded revenue by $835K, an operating margin of -6.6%. Operating expenses grew 34% against revenue growth of 36%. The fastest-growing cost line was SG&A (+85%). The quarter ended with a net loss of $594K, narrower than the previous quarter's $7.3M loss. Non-operating items added $241K, -41% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$11.8M. Non-cash charges added back $183K of depreciation and amortization and $910K of share-based compensation. Working capital and other items used $12.3M. Capital expenditures of $65K exceeded it, leaving free cash flow of −$11.9M.

Quarterly history

One Stop Systems revenue by quarterOne Stop Systems revenue by quarter$12.3MQ1 2025$14.1MQ2 2025$18.8MQ3 2025$8.1MQ1 2026$9.3MQ2 2026$12.6MQ3 2026
One Stop Systems net earnings by quarterOne Stop Systems net earnings by quarter−$2.0MQ1 2025−$2.0MQ2 2025$263KQ3 2025−$520KQ1 2026−$7.3MQ2 2026−$594KQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$12.6M+36%-6.6%−$594K−$11.8M
Q2 202610-QAug 5, 2026$9.3M+62%-82.1%−$7.3M−$4.7M
Q1 202610-QMay 6, 2026$8.1M+55%-8.3%−$520K$4.0M
Q3 202510-QNov 5, 2025$18.8M+37%3.0%$263K−$3.4M
Q2 202510-QAug 7, 2025$14.1M+7%-12.9%−$2.0M−$369K
Q1 202510-QMay 7, 2025$12.3M-3%-15.9%−$2.0M−$1.1M

Charts

One Stop Systems: revenue growth, year over year and quarter over quarterOne Stop Systems: revenue growth, year over year and quarter over quarterY/YQ/Q-3%Q1 2025+7%+15%Q2 2025+37%+33%Q3 2025+55%-57%Q1 2026+62%+16%Q2 2026+36%+35%Q3 2026
Latest (Q3 2026): Y/Y +36%, Q/Q +35%.
One Stop Systems: where the cash came from (+) and went (−), TTM to Q3 2026One Stop Systems: where the cash came from (+) and went (−), TTM to Q3 2026Not reconciled$17.0MOther investing−$13.4MOperating cash flow−$13.1MOther financing$10.6MTaxes on employees’ shares−$2.0MCash drawn (+) / kept (−)$870KShares issued$206KCapital spending−$197K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
One Stop Systems: profit against cash, quarter by quarterOne Stop Systems: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.1M−$2.3MQ4 2024−$2.0M−$1.1MQ1 2025−$2.0M−$369KQ2 2025$263K−$3.4MQ3 2025$8.9M−$611KQ4 2025−$520K$4.0MQ1 2026−$7.3M−$4.7MQ2 2026−$594K−$11.8MQ3 2026
Latest (Q3 2026): Net income −$594K, Operating cash flow −$11.8M.
One Stop Systems: diluted shares by fiscal yearOne Stop Systems: diluted shares by fiscal year17MFY202020MFY202120MFY202221MFY202321MFY202423MFY2025
+40.5% since FY2020: more shares outstanding (issuance, stock pay).
One Stop Systems in its industry: growth against margin (6 companies, SIC 3571)One Stop Systems in its industry: growth against margin (6 companies, SIC 3571)revenue growth, year over year →↑ operating marginmedian +36%median 10%AAPLDELLSMCIOMCLSCKTOSS (+36%, -7%)
Electronic Computers; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About One Stop Systems

One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge.’ OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air. OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and

In its own words, from its 8-K, filed Oct 28, 2026.

One Stop Systems against its Electronic Computers peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +36% against the peers' median +36%. Operating margin: -6.6% against the peers' median 10.4%.

CompanyQuarterRevenueY/YOp. margin
OSS One Stop SystemsQ3 2026$12.6M+36%-6.6%
AAPL AppleQ4 FY26$114.5B+12%31.1%
DELL Dell TechnologiesQ2 FY27$47.0B+58%11.5%
SMCI Super Micro ComputerQ1 FY27$19.9B+298%10.4%
OMCL OmnicellQ3 2026$308M-0.9%4.9%
SCKT Socket MobileQ3 2026$3.4M+9%-19.0%

Source: One Stop Systems 10-Q on SEC EDGAR · CIK 1394056 · Electronic Computers

Guidance and outlook

One Stop Systems Revenue: guidance against what was reportedOne Stop Systems Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2025$32.2M
Met or beat 0 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns OSS and who is buying

Largest holders of OSS (13F)Largest holders of OSS (13F)BlackRock$33.4MJane Street Group, LLC$23.8MVanguard Capital Management LLC$17.7MGeode Capital Management, LLC$10.4MBard Associates$9.6MVanguard Group$7.6MRenaissance Technologies LLC$7.4MState Street$7.0MMillennium Management LLC$6.1MQube Research & Technologies$5.8M
Funds' net buying of OSS by quarter (13F)Funds' net buying of OSS by quarter (13F)−$125K2024-09$344K2024-12$100K2025-03$3.8M2025-06$17.5M2025-09−$1.3M2025-12−$7.8M2026-03$44.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OSS

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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