Filing Flows › TSS (TSSI) › Q2 2026 › vs Q1 2026
TSS (TSSI) Q2 2026 vs Q1 2026 (quarter over quarter)
TSS's revenue fell $20.2M (-37%) from $55.3M in Q1 2026 to $35.1M in Q2 2026. The biggest changes: Procurement Revenues Segment −$21.7M (-54%); Facilities Segment +$1.4M (+111%); Other revenues +$289K (—). Gross margin 22.8% against 15.9% (+6.9 pts).
TSS, Q2 2026: revenue $35.1M (-20% year over year), operating margin 4.6%, net earnings $1.4M, operating cash flow $7.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 22.8% | 15.9% | +6.9 pts |
| Operating margin | 4.6% | 4.1% | +0.5 pts |
| Net margin | 4.1% | 4.1% | -0.0 pts |
| Free cash flow margin | 10.1% | -27.9% | +38.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Procurement Revenues Segment | $18.2M | $40.0M | −$21.7M | -54% |
| System Integration Services Segment | $13.9M | $14.1M | −$196K | -1% |
| Facilities Segment | $2.7M | $1.3M | $1.4M | +111% |
| Other revenues | $289K | $0 | $289K | — |
| Revenue | $35.1M | $55.3M | −$20.2M | -37% |
| Gross profit | $8.0M | $8.8M | −$797K | -9% |
| Cost of revenue | $27.1M | $46.5M | −$19.4M | -42% |
| Other income, net | $243K | $393K | −$150K | -38% |
| Operating profit | $1.6M | $2.3M | −$672K | -30% |
| Operating expenses | $6.4M | $6.5M | −$125K | -2% |
| Pre-tax earnings | $1.8M | $2.7M | −$822K | -31% |
| SG&A | $5.6M | $5.5M | $38K | +0.7% |
| Other operating costs | $847K | $1.0M | −$163K | -16% |
| Net earnings | $1.4M | $2.3M | −$844K | -37% |
| Income tax | $413K | $391K | $22K | +6% |
| Depreciation & amortization | $320K | $306K | $14K | +5% |
| Share-based compensation | $1.0M | $1.1M | −$1K | -0.1% |
| Working capital & other | $4.8M | −$18.6M | $23.4M | — |
| Operating cash flow | $7.6M | −$14.9M | $22.6M | — |
| Free cash flow (OCF − capex) | $3.6M | −$15.5M | $19.0M | — |
| Capital expenditures | $4.1M | $534K | $3.5M | +663% |
Questions
How much did TSS's revenue grow quarter over quarter in Q2 2026?
TSS's revenue fell $20.2M (-37%) from $55.3M in Q1 2026 to $35.1M in Q2 2026.
What drove TSS's revenue change in Q2 2026?
Procurement Revenues Segment −$21.7M (-54%); Facilities Segment +$1.4M (+111%); Other revenues +$289K (—).