(OSS) One Stop Systems - Overview
Sector: Technology | Industry: Computer Hardware | Exchange: NASDAQ (USA) | Market Cap: 389m USD | Total Return: 541.4% in 12m
Avg Turnover: 24.8M
Qual. Beats: 0
Rev. Trend: -77.1%
Qual. Beats: 4
Warnings
Share dilution 15.4% YoY
High Debt/EBITDA (18.6) with thin interest coverage (-31.2)
High Debt while negative Cash Flow
Interest Coverage Ratio -31.2 is critical
Choppy
Tailwinds
Rs Leader, Tailwind
One Stop Systems (OSS) designs and manufactures ruggedized high-performance computing (HPC) solutions, including switch fabrics and storage systems tailored for edge artificial intelligence and machine learning. The company focuses on the integration of CPUs, GPUs, and flash storage to support sensor fusion and autonomous operations in demanding environments.
The business model targets high-barrier sectors such as defense, aerospace, and industrial automation, selling directly to government agencies and military contractors. Edge computing hardware must meet strict MIL-SPEC standards for vibration, temperature, and shock, creating a specialized niche distinct from traditional data center hardware.
For a deeper dive into these technical fundamentals, ValueRay provides additional data points. Founded in 1998 and headquartered in Escondido, California, OSS operates within the technology hardware sector, leveraging a global distribution network and OEM partnerships to reach international markets.
- Defense sector contract wins drive rugged edge computing revenue growth
- Transition to high-margin software and services improves consolidated gross margins
- AI and autonomous vehicle demand accelerates high-performance compute system sales
- Expansion of Tier 1 military OEM partnerships increases long-term backlog visibility
| Net Income: 6.59m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 7.02 > 1.0 |
| NWC/Revenue: 159.6% < 20% (prev 42.51%; Δ 117.1% < -1%) |
| CFO/TA -0.02 > 3% & CFO -1.11m > Net Income 6.59m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 10.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (24.7m) vs 12m ago 15.41% < -2% |
| Gross Margin: 53.44% > 18% (prev 0.15%; Δ 5.33k% > 0.5%) |
| Asset Turnover: 63.49% > 50% (prev 146.3%; Δ -82.85% > 0%) |
| Interest Coverage Ratio: -31.17 > 6 (EBITDA TTM -1.23m / Interest Expense TTM 69.2k) |
| A: 0.87 (Total Current Assets 49.4m - Total Current Liabilities 4.65m) / Total Assets 51.2m |
| B: -0.34 (Retained Earnings -17.5m / Total Assets 51.2m) |
| C: -0.05 (EBIT TTM -2.16m / Avg Total Assets 44.1m) |
| D: -3.00 (Book Value of Equity -17.5m / Total Liabilities 5.83m) |
| Altman-Z'' = 1.14 = BB |
| DSRI: 1.42 (Receivables 5.31m/7.25m, Revenue 28.0m/54.3m) |
| GMI: 0.28 (GM 53.44% / 14.72%) |
| AQI: 0.05 (AQ_t 0.00 / AQ_t-1 0.04) |
| SGI: 0.52 (Revenue 28.0m / 54.3m) |
| TATA: 0.15 (NI 6.59m - CFO -1.11m) / TA 51.2m) |
| Beneish M = -4.09 (Cap -4..+1) = AAA |
As of May 26, 2026, the stock is trading at USD 17.83 with a total of 2,068,700 shares traded.
Over the past week, the price has changed by +8.26%,
over one month by +79.20%,
over three months by +97.02% and
over the past year by +541.37%.
One Stop Systems has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy OSS.
- StrongBuy: 2
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 18 | 1% |
P/E Forward = 454.5455
P/S = 11.0788
P/B = 8.4078
Revenue TTM = 28.0m USD
EBIT TTM = -2.16m USD
EBITDA TTM = -1.23m USD
Long Term Debt = 1.19m USD (estimated: total debt 1.42m - short term 230k)
Short Term Debt = 230k USD (from shortTermDebt, last quarter)
Debt = 1.42m USD (from shortLongTermDebtTotal, last quarter) (leases 1.42m already included)
Net Debt = -22.9m USD (calculated: Debt 1.42m - CCE 24.3m)
Enterprise Value = 365.7m USD (388.6m + Debt 1.42m - CCE 24.3m)
Interest Coverage Ratio = -31.17 (Ebit TTM -2.16m / Interest Expense TTM 69.2k)
EV/FCF = -297.4x (Enterprise Value 365.7m / FCF TTM -1.23m)
FCF Yield = -0.34% (FCF TTM -1.23m / Enterprise Value 365.7m)
FCF Margin = -4.39% (FCF TTM -1.23m / Revenue TTM 28.0m)
Net Margin = 23.50% (Net Income TTM 6.59m / Revenue TTM 28.0m)
Gross Margin = 53.44% ((Revenue TTM 28.0m - Cost of Revenue TTM 13.0m) / Revenue TTM)
Gross Margin QoQ = 49.36% (prev none%)
Tobins Q-Ratio = 7.15 (Enterprise Value 365.7m / Total Assets 51.2m)
Interest Expense / Debt = 4.88% (Interest Expense 69.2k / Debt 1.42m)
Taxrate = 21.0% (US default 21%)
NOPAT = -1.70m (EBIT -2.16m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 10.63 (Total Current Assets 49.4m / Total Current Liabilities 4.65m)
Debt / Equity = 0.03 (Debt 1.42m / totalStockholderEquity, last quarter 45.3m)
Debt / EBITDA = 18.58 (negative EBITDA) (Net Debt -22.9m / EBITDA -1.23m)
Debt / FCF = 18.64 (negative FCF - burning cash) (Net Debt -22.9m / FCF TTM -1.23m)
Total Stockholder Equity = 36.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 14.92% (Net Income 6.59m / Total Assets 51.2m)
RoE = 12.32% (Net Income TTM 6.59m / Total Stockholder Equity 53.5m)
RoCE = -3.95% (EBIT -2.16m / Capital Employed (Equity 53.5m + L.T.Debt 1.19m))
RoIC = -4.94% (negative operating profit) (NOPAT -1.70m / Invested Capital 34.5m)
WACC = 13.97% (E(388.6m)/V(390.0m) * Re(14.01%) + D(1.42m)/V(390.0m) * Rd(4.88%) * (1-Tc(0.21)))
Discount Rate = 14.01% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 100.00 | Cagr: 8.29%
[DCF] Fair Price = unknown (Cash Flow -1.23m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.38 | # QB: 0
Revenue Correlation: -77.07 | Revenue CAGR: -20.91% | SUE: 1.07 | # QB: 4
EPS current Quarter (2026-06-30): EPS=-0.02 | Chg30d=N/A | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.01 | Chg30d=N/A | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=0.04 | Chg30d=N/A | Revisions=+20% | GrowthEPS=+300.0% | GrowthRev=+23.5%
EPS next Year (2027-12-31): EPS=0.11 | Chg30d=+46.67% | Revisions=+20% | GrowthEPS=+175.0% | GrowthRev=+21.6%
[Analyst] Revisions Ratio: +20%