OSS
One Stop Systems, Inc.
OSS's fundamentals are weak and it looks expensive: trading at 67x earnings, above its usual 46x. Analysts expect earnings to recover and profitability to improve.
OSS Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Weak | |
| Strong |
OSS's profitability and balance sheet are currently healthy, but its revenue and cash flow are under pressure.
OSS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 30x | $2.10 | -56% |
| Fair | 46x | $3.22 | -32% |
| Current | 67x | $4.72 | — |
| Expensive | 80x | $5.62 | +19% |
| Forward | 189x | $4.72 | — |
Historical ranges are pointers, not guarantees.
OSS's PE is in its expensive range at 67x. On analysts' estimates for next year's earnings, today's price would be 189x.
OSS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect OSS to return to profit, with revenue growing.
OSS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.02 | -64% |
| Q3 2026 | $0.07 | +$0.40 |
| Q2 2026 | $0.10 | +$0.76 |
| Q1 2026 | $0.30 | +$0.98 |
| Q4 2025 | $0.23 | +$0.88 |
| Q3 2025 | -$0.33 | +$0.16 |
| Q2 2025 | -$0.66 | -$0.31 |
| Q1 2025 | -$0.68 | -$0.32 |
| Q4 2024 | -$0.65 | -$0.33 |
OSS has returned to profit: it earned $0.07 per share over the past year, after losing money the year before.
OSS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12.6M | -33% |
| Q2 2026 | $9.3M | -34% |
| Q1 2026 | $8.1M | -34% |
| Q3 2025 | $18.8M | +37% |
| Q2 2025 | $14.1M | +6.9% |
| Q1 2025 | $12.3M | -3.1% |
| Q4 2024 | $15.1M | +15% |
| Q3 2024 | $13.7M | -0.3% |
OSS's revenue has slid since its 2022 peak: $13M last quarter, down 33% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -6.6% | -9.7 points |
| Q2 2026 | -82% | -69 points |
| Q1 2026 | -8.3% | +7.5 points |
| Q3 2025 | 3% | +52 points |
| Q2 2025 | -13% | +4.1 points |
| Q1 2025 | -16% | -5.9 points |
| Q4 2024 | -21% | -18 points |
| Q3 2024 | -49% | -20 points |
OSS's operating margin was −6.6% last quarter, up 6.3 points from the same quarter a year ago.
OSS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$11.9M | -$8.2M |
| Q2 2026 | -$4.8M | -$4.3M |
| Q1 2026 | $4M | +$5.2M |
| Q4 2025 | -$1M | +$1.3M |
| Q3 2025 | -$3.7M | -552% |
| Q2 2025 | -$529.2K | +$324.3K |
| Q1 2025 | -$1.1M | -161% |
| Q4 2024 | -$2.3M | -$1.2M |
OSS has burned cash in most quarters: −$14M over the past year, against −$8M the year before.
OSS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +152K shares |
| 1 year | +9.4% | +2.2M shares |
| 3 years | +22% | +4.4M shares |
| 5 years | +25% | +5M shares |
| Available history | +65% | +9.8M shares |
OSS has 25M diluted shares, up 9.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
OSS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2023 | -0.2x | Net Cash |
| Q4 2022 | 0.1x | Very low |
| Q3 2022 | 0.0x | Very low |
| Q2 2022 | 0.2x | Very low |
| Q1 2022 | -0.0x | Very low |
| Q4 2021 | -0.4x | Net Cash |
| Q3 2021 | 0.1x | Very low |
| Q2 2021 | 0.1x | Very low |
OSS has more cash than debt.
OSS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.9 | Oversold |
| Stochastic | 4.8 | Oversold |
OSS's weekly RSI is 29 (oversold) and its Stochastic is 5 (oversold).
OSS PE vs Technology Sector
| Metric | OSS | Sector median | Relative |
|---|---|---|---|
| PE | 67x | 28x | 142% above |
| PE % | 70 | 35 | 35 pts above |
OSS is trading at 67x earnings, a 142% premium to the Technology sector's median of 28x.
OSS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.46 | 27% below |
| 20 week MA | $9.77 | 52% below |
| 50 week MA | $10.5 | 55% below |
| 100 week MA | $7.29 | 35% below |
| 200 week MA | $4.89 | 3.5% below |
OSS is in a downtrend: it's below all five of its weekly moving averages, and 3.5% below its 200-week average.
OSS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.85 | $3.69 | +99% |
| 2021 | $3.69 | $4.64 | +26% |
| 2022 | $4.64 | $2.93 | -37% |
| 2023 | $2.93 | $2.10 | -28% |
| 2024 | $2.10 | $3.38 | +61% |
| 2025 | $3.38 | $7.19 | +113% |
| 2026 YTD | $7.19 | $4.72 | -34% |
OSS is down 34% so far in 2026, after finishing higher in four of the previous six years.