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Side-by-side financial comparison of Primis Financial Corp. (FRST) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
TSS, Inc. is the larger business by last-quarter revenue ($60.9M vs $45.6M, roughly 1.3× Primis Financial Corp.). TSS, Inc. runs the higher net margin — 20.0% vs 16.0%, a 3.9% gap on every dollar of revenue. Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% CAGR vs 13.0%).
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
FRST vs TSSI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.6M | $60.9M |
| Net Profit | $7.3M | $12.2M |
| Gross Margin | — | 17.6% |
| Operating Margin | — | 1.5% |
| Net Margin | 16.0% | 20.0% |
| Revenue YoY | — | 21.8% |
| Net Profit YoY | 200.0% | 535.7% |
| EPS (diluted) | $0.30 | $0.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $45.6M | — | ||
| Q4 25 | $80.9M | $60.9M | ||
| Q3 25 | $41.0M | $41.9M | ||
| Q2 25 | $43.2M | $44.0M | ||
| Q1 25 | $58.7M | $99.0M | ||
| Q4 24 | $38.8M | $50.0M | ||
| Q3 24 | $37.3M | $70.1M | ||
| Q2 24 | $35.7M | $12.2M |
| Q1 26 | $7.3M | — | ||
| Q4 25 | $29.5M | $12.2M | ||
| Q3 25 | $6.8M | $-1.5M | ||
| Q2 25 | $2.4M | $1.5M | ||
| Q1 25 | $22.6M | $3.0M | ||
| Q4 24 | $-26.2M | $1.9M | ||
| Q3 24 | $1.2M | $2.6M | ||
| Q2 24 | $3.4M | $1.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 37.3% |
| Q1 26 | — | — | ||
| Q4 25 | 44.8% | 1.5% | ||
| Q3 25 | 21.3% | -2.2% | ||
| Q2 25 | 6.9% | 5.1% | ||
| Q1 25 | 41.9% | 4.2% | ||
| Q4 24 | -123.0% | 0.0% | ||
| Q3 24 | -3.1% | 5.4% | ||
| Q2 24 | 7.8% | 14.0% |
| Q1 26 | 16.0% | — | ||
| Q4 25 | 36.5% | 20.0% | ||
| Q3 25 | 16.7% | -3.6% | ||
| Q2 25 | 5.6% | 3.4% | ||
| Q1 25 | 38.6% | 3.0% | ||
| Q4 24 | -100.3% | 3.8% | ||
| Q3 24 | 3.3% | 3.8% | ||
| Q2 24 | 9.6% | 11.5% |
| Q1 26 | $0.30 | — | ||
| Q4 25 | $1.19 | $0.44 | ||
| Q3 25 | $0.28 | $-0.06 | ||
| Q2 25 | $0.10 | $0.06 | ||
| Q1 25 | $0.92 | $0.12 | ||
| Q4 24 | $-0.95 | $0.08 | ||
| Q3 24 | $0.05 | $0.10 | ||
| Q2 24 | $0.14 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $159.9M | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $427.2M | $76.6M |
| Total Assets | $4.3B | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.9M | — | ||
| Q4 25 | $143.6M | $85.5M | ||
| Q3 25 | $63.9M | $70.7M | ||
| Q2 25 | $94.1M | — | ||
| Q1 25 | $57.0M | — | ||
| Q4 24 | $64.5M | $23.2M | ||
| Q3 24 | $77.3M | $46.4M | ||
| Q2 24 | $66.6M | $8.3M |
| Q1 26 | $427.2M | — | ||
| Q4 25 | $422.9M | $76.6M | ||
| Q3 25 | $382.2M | $63.4M | ||
| Q2 25 | $376.4M | $9.5M | ||
| Q1 25 | $375.6M | $9.4M | ||
| Q4 24 | $351.8M | $7.1M | ||
| Q3 24 | $381.0M | $7.7M | ||
| Q2 24 | $376.0M | $5.2M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.0B | $184.9M | ||
| Q3 25 | $4.0B | $165.4M | ||
| Q2 25 | $3.9B | $139.5M | ||
| Q1 25 | $3.7B | $113.5M | ||
| Q4 24 | $3.7B | $96.6M | ||
| Q3 24 | $4.0B | $67.3M | ||
| Q2 24 | $4.0B | $28.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $16.3M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.8M | $16.3M | ||
| Q3 25 | $-11.4M | $-18.4M | ||
| Q2 25 | $-41.0M | $16.3M | ||
| Q1 25 | $34.4M | $20.6M | ||
| Q4 24 | $19.5M | $-21.6M | ||
| Q3 24 | $6.1M | $38.6M | ||
| Q2 24 | $52.3M | $-4.3M |
| Q1 26 | — | — | ||
| Q4 25 | $9.0M | $15.8M | ||
| Q3 25 | — | $-24.9M | ||
| Q2 25 | — | $5.4M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | $18.3M | $-28.4M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | 25.9% | ||
| Q3 25 | — | -59.3% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | 47.3% | -56.7% | ||
| Q3 24 | — | 55.1% | ||
| Q2 24 | — | -49.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.9% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 24.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | 3.1% | 13.4% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | 1.34× | ||
| Q3 25 | -1.67× | — | ||
| Q2 25 | -16.82× | 11.02× | ||
| Q1 25 | 1.52× | 6.93× | ||
| Q4 24 | — | -11.32× | ||
| Q3 24 | 4.93× | 14.60× | ||
| Q2 24 | 15.21× | -3.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
