One Stop Systems, Inc.
- Open
- 16.25
- Day high
- 16.75
- Day low
- 15.36
- Prev close
- 16.24
- Volume
- 1.1M
- Mkt cap
- $411M
- P/E (TTM)
- 53.7
- EPS (TTM)
- $0.31
- P/B
- 9.1
- P/S
- 14.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$369K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
One Stop Systems, Inc. (OSS) is a Technology company listed on NASDAQ. The stock is up 337% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
One Stop Systems, Inc. (OSS) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OSS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $-0.05 | $0.01 | +120.0% | $8M | +15.6% |
| Mar 18, 2026 | $0.02 | $0.09 | +285.8% | $-13M | -284.9% |
| Nov 5, 2025 | $0.01 | $0.03 | +200.0% | $19M | +87.6% |
| Aug 7, 2025 | $-0.05 | $-0.07 | -40.0% | $14M | -12.1% |
| Mar 19, 2025 | $-0.01 | $-0.12 | -1100.0% | $15M | +12.1% |
| Aug 8, 2024 | $-0.05 | $-0.09 | -80.0% | $13M | +1.7% |
| May 9, 2024 | $-0.05 | $-0.04 | +20.0% | $13M | +1.2% |
| Mar 21, 2024 | $0.00 | $0.01 | +126.2% | $13M | +1.1% |
| Nov 9, 2023 | $-0.02 | $-0.03 | -40.0% | $14M | +5.7% |
| Aug 10, 2023 | $-0.01 | $-0.04 | -290.6% | $17M | -1.6% |
| May 11, 2023 | $-0.01 | $-0.02 | -100.0% | $17M | +1.7% |
| Mar 23, 2023 | $0.06 | $-0.14 | -333.3% | $18M | -4.7% |
OSS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 12, 2026 | KNOWLES MICHAELdirector, officer: Chief Executive Officer | Tax | 19,675 | $16.89 |
| May 28, 2026 | Gabel Daniel G.officer: Chief Financial Officer | Tax | 1,613 | $15.68 |
| May 26, 2026 | Herbets Mitchell Hdirector | Grant | 11,984 | — |
| May 26, 2026 | BASSETT DAVID GEORGEdirector | Grant | 21,000 | — |
| May 26, 2026 | BASSETT DAVID GEORGEdirector | Grant | 11,984 | — |
| May 26, 2026 | BASSETT DAVID GEORGEdirector | Sell | 8,000 | $17.64 |
| May 26, 2026 | Matz Gregory Wdirector | Sell | 8,000 | $17.52 |
| May 26, 2026 | Herbets Mitchell Hdirector | Sell | 5,000 | $17.62 |
| May 26, 2026 | Matz Gregory Wdirector | Grant | 11,984 | — |
| May 26, 2026 | Dumont Michael J.director | Grant | 11,984 | — |
| Mar 27, 2026 | KNOWLES MICHAELdirector, officer: Chief Executive Officer | Grant | 0 | — |
| Mar 2, 2026 | Ison Jamesofficer: CPO | Tax | 6,546 | $9.24 |
| Mar 2, 2026 | Ison Jamesofficer: CPO | Grant | 34,313 | — |
| Mar 2, 2026 | KNOWLES MICHAELdirector, officer: Chief Executive Officer | Tax | 13,298 | $9.24 |
| Mar 2, 2026 | Ison Jamesofficer: CPO | Tax | 3,120 | $8.70 |
Source: OSS SEC Form 4 filings, latest Jun 12, 2026. For informational purposes only — not investment advice.
See the full OSS insider & 13F page →One Stop Systems, Inc. company profile
Overview
One Stop Systems, Inc. (NASDAQ:OSS) is a California-based technology company founded in 1998 that specializes in designing and manufacturing high-performance computing systems for edge deployments. The company went public in February 2018 and is headquartered in Escondido, California. OSS has evolved from a general computing hardware provider into a focused developer of specialized edge computing solutions, particularly targeting artificial intelligence, machine learning, and autonomous vehicle applications in both defense and commercial markets.
Business
One Stop Systems operates in the high-performance computing hardware industry, specifically focusing on edge computing solutions - computing systems that process data closer to where it's generated rather than in centralized data centers. Edge computing is critical for applications requiring real-time processing with minimal latency, such as autonomous vehicles, military systems, and AI-powered devices. The company operates through two primary business segments. The OSS segment (approximately 47% of revenue) designs and manufactures custom high-performance computing modules, servers, data acquisition platforms, compute accelerators, solid-state storage arrays, and PCIe expansion products. These systems are built using advanced graphics processing units (GPUs) and solid-state flash storage technologies optimized for demanding edge environments. The Bressner segment (approximately 53% of revenue), acquired through the company's European operations, focuses on industrial and panel PCs, ruggedized mobile tablets, and handheld devices designed to operate in harsh environmental conditions. OSS's core products include AI Transportables - ruggedized, portable computing systems specifically designed for artificial intelligence and machine learning applications in military vehicles, autonomous trucks, and other mobile platforms. The company also produces composable infrastructure solutions for data centers and specialized computing platforms for radar processing, sonar sensor processing, and medical imaging applications. These systems are engineered to handle intensive computational workloads while operating reliably in challenging environments with extreme temperatures, vibration, and electromagnetic interference.
Revenue model
One Stop Systems generates revenue primarily through direct product sales of its specialized computing hardware to customers across defense, commercial, and industrial markets. The company's business model centers on three key revenue streams: standard product sales, custom engineering solutions, and customer-funded development programs. The company's paying customers include multinational corporations, government agencies, military contractors, and technology providers. Defense customers represent approximately 55-60% of revenue, while commercial customers account for 40-45%. Major defense customers include prime contractors working on military vehicle upgrades, aircraft systems, and situational awareness programs. Commercial customers span autonomous vehicle manufacturers, medical imaging companies, and data center operators requiring specialized edge computing solutions. Customer-funded development programs have become increasingly important, growing 118% to $3.7 million in 2024. These programs allow OSS to develop custom solutions with customer financing, typically representing 10-20% of the total program value, followed by production contracts that can span multiple years. Several factors influence the company's margins and profitability. Positive margin drivers include the shift toward higher-margin AI and defense applications, customer-funded development programs that reduce R&D risk, and the company's focus on specialized, differentiated products that command premium pricing. Negative margin pressures come from supply chain constraints, inventory obsolescence in rapidly evolving technology markets, competitive pricing in commodity hardware segments, and the cyclical nature of government procurement budgets. The company has also faced margin compression from legacy media and entertainment customers that require lower-margin, high-volume products. Economic uncertainty in European markets has additionally impacted the Bressner segment's performance and pricing power.
Competitive moat
One Stop Systems operates in a competitive hardware market with limited sustainable competitive advantages. The company's primary moat lies in its specialized engineering expertise and ability to develop ruggedized, custom computing solutions for demanding edge environments. This technical specialization creates some barriers to entry, as competitors need significant engineering resources and domain knowledge to replicate OSS's capabilities in harsh operating conditions. The company benefits from customer switching costs in defense applications, where lengthy qualification processes, security clearances, and integration requirements make it costly for customers to change vendors once a system is deployed. OSS's facility security clearance and AS9100/CMMC 2.0 certifications provide additional barriers for competitors seeking to serve classified defense markets. However, the company's moat is relatively narrow and faces significant competitive threats. Large technology companies like Dell, HPE, and specialized defense contractors possess greater resources and broader product portfolios. The rapid pace of technological change in AI and computing hardware means that OSS must continuously invest in R&D to maintain its technical edge. Additionally, the company's dependence on third-party components like NVIDIA GPUs limits its ability to differentiate on core processing capabilities. The fragmented nature of the edge computing market also means that customers have multiple vendor options, reducing OSS's pricing power. Overall, while OSS has carved out a niche in specialized edge computing applications, its competitive position remains vulnerable to larger, better-resourced competitors and rapid technological disruption.
Risks & safety
One Stop Systems presents a moderate margin of safety profile with mixed financial health indicators. • Liquidity and Solvency: Strong current ratio of 3.4x and quick ratio of 1.8x indicate solid short-term liquidity. Cash position of $6.5 million provides modest operating cushion but limited runway given current burn rates. • Cash Flow Concerns: Negative free cash flow of -$1.1 million in Q1 2025 and historically inconsistent cash generation raise sustainability questions. Operating cash flow has been volatile, swinging from positive $916k in Q3 2024 to negative -$1.1 million in Q1 2025. • Debt Position: Low debt-to-equity ratio of 0.11x indicates minimal financial leverage risk. Total debt burden is manageable relative to assets. • Valuation Metrics: Trading at negative P/E ratios due to losses, but Graham net-net ratio of 0.39x suggests potential asset-based value. Price-to-book ratio of 1.9x appears reasonable given specialized assets. • Profitability Path: Management projects EBITDA breakeven for 2025 with revenue guidance of $59-61 million, suggesting potential inflection point ahead. • Other Considerations: Inventory charges of $7.1 million in 2024 highlight working capital management challenges. Government contract concentration creates revenue lumpiness risk.
Recent development
Over the past few years, One Stop Systems has undergone a significant strategic transformation, pivoting from a broad-based computing hardware provider to a specialized edge computing company focused on AI and defense applications. The company has systematically reduced its exposure to lower-margin media and entertainment customers, with media revenue declining from $13.7 million to minimal levels as it focuses on higher-value AI Transportables and defense markets. A key strategic initiative has been the expansion of customer-funded development programs, which grew dramatically from $365,000 in Q1 2024 to $1.4 million in Q2 2024 and reached $3.7 million for the full year 2024. These programs allow OSS to develop custom solutions with reduced financial risk while building long-term customer relationships that often lead to multi-year production contracts. The company has significantly strengthened its defense market position by obtaining facility security clearance and relevant certifications (AS9100, CMMC 2.0), enabling it to pursue classified programs. OSS has expanded its pipeline to over $1 billion, with approximately 70% comprising platform opportunities that could generate recurring revenue streams. Notable recent wins include a record $6.5 million defense contract and multiple development programs in radar processing, sonar systems, and medical imaging applications. Product development has focused on next-generation edge computing solutions, including the launch of Gen 5 short-depth servers, liquid immersion cooling technologies, and AI-optimized transportable systems. The company has also been building strategic partnerships with software providers to offer more complete AI solutions rather than just hardware platforms. Leadership changes include the addition of experienced defense industry executives and program managers with backgrounds in managing $100+ million defense programs, reflecting the company's strategic shift toward higher-value defense applications.
OSS company profile · for informational purposes only — not investment advice.
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