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Side-by-side financial comparison of TSS, Inc. (TSSI) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $60.9M, roughly 1.4× TSS, Inc.). TSS, Inc. runs the higher net margin — 20.0% vs 3.2%, a 16.8% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs 6.2%). TSS, Inc. produced more free cash flow last quarter ($15.8M vs $-5.7M). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% CAGR vs 6.3%).
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
TSSI vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $60.9M | $85.1M |
| Net Profit | $12.2M | $2.7M |
| Gross Margin | 17.6% | 49.2% |
| Operating Margin | 1.5% | 6.4% |
| Net Margin | 20.0% | 3.2% |
| Revenue YoY | 21.8% | 6.2% |
| Net Profit YoY | 535.7% | -37.3% |
| EPS (diluted) | $0.44 | $0.21 |
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.
| Q4 25 | $60.9M | $85.1M | ||
| Q3 25 | $41.9M | $73.2M | ||
| Q2 25 | $44.0M | $57.9M | ||
| Q1 25 | $99.0M | $80.0M | ||
| Q4 24 | $50.0M | $80.2M | ||
| Q3 24 | $70.1M | $74.2M | ||
| Q2 24 | $12.2M | $59.2M | ||
| Q1 24 | $15.9M | $75.3M |
| Q4 25 | $12.2M | $2.7M | ||
| Q3 25 | $-1.5M | $12.1M | ||
| Q2 25 | $1.5M | $-4.8M | ||
| Q1 25 | $3.0M | $-28.3M | ||
| Q4 24 | $1.9M | $4.3M | ||
| Q3 24 | $2.6M | $569.0K | ||
| Q2 24 | $1.4M | $4.4M | ||
| Q1 24 | $15.0K | $-4.7M |
| Q4 25 | 17.6% | 49.2% | ||
| Q3 25 | 11.1% | 50.4% | ||
| Q2 25 | 17.8% | 50.3% | ||
| Q1 25 | 9.3% | 50.1% | ||
| Q4 24 | 14.4% | 50.0% | ||
| Q3 24 | 11.3% | 47.4% | ||
| Q2 24 | 37.3% | 50.6% | ||
| Q1 24 | 17.1% | 45.4% |
| Q4 25 | 1.5% | 6.4% | ||
| Q3 25 | -2.2% | 15.2% | ||
| Q2 25 | 5.1% | -7.7% | ||
| Q1 25 | 4.2% | -37.1% | ||
| Q4 24 | 0.0% | 7.2% | ||
| Q3 24 | 5.4% | 1.5% | ||
| Q2 24 | 14.0% | 9.5% | ||
| Q1 24 | 1.6% | -2.2% |
| Q4 25 | 20.0% | 3.2% | ||
| Q3 25 | -3.6% | 16.5% | ||
| Q2 25 | 3.4% | -8.3% | ||
| Q1 25 | 3.0% | -35.5% | ||
| Q4 24 | 3.8% | 5.4% | ||
| Q3 24 | 3.8% | 0.8% | ||
| Q2 24 | 11.5% | 7.4% | ||
| Q1 24 | 0.1% | -6.2% |
| Q4 25 | $0.44 | $0.21 | ||
| Q3 25 | $-0.06 | $0.93 | ||
| Q2 25 | $0.06 | $-0.37 | ||
| Q1 25 | $0.12 | $-2.25 | ||
| Q4 24 | $0.08 | $0.34 | ||
| Q3 24 | $0.10 | $0.05 | ||
| Q2 24 | $0.06 | $0.35 | ||
| Q1 24 | $0.00 | $-0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $85.5M | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $76.6M | $53.4M |
| Total Assets | $184.9M | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $85.5M | $1.1M | ||
| Q3 25 | $70.7M | $777.0K | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | — | $607.0K | ||
| Q4 24 | $23.2M | $892.0K | ||
| Q3 24 | $46.4M | $711.0K | ||
| Q2 24 | $8.3M | $739.0K | ||
| Q1 24 | $14.4M | $357.0K |
| Q4 25 | $76.6M | $53.4M | ||
| Q3 25 | $63.4M | $49.3M | ||
| Q2 25 | $9.5M | $37.2M | ||
| Q1 25 | $9.4M | $41.8M | ||
| Q4 24 | $7.1M | $57.1M | ||
| Q3 24 | $7.7M | $52.4M | ||
| Q2 24 | $5.2M | $51.7M | ||
| Q1 24 | $3.7M | $47.2M |
| Q4 25 | $184.9M | $246.0M | ||
| Q3 25 | $165.4M | $239.0M | ||
| Q2 25 | $139.5M | $218.0M | ||
| Q1 25 | $113.5M | $222.7M | ||
| Q4 24 | $96.6M | $254.7M | ||
| Q3 24 | $67.3M | $253.6M | ||
| Q2 24 | $28.9M | $223.1M | ||
| Q1 24 | $26.8M | $225.1M |
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 | $-5.1M |
| Free Cash FlowOCF − Capex | $15.8M | $-5.7M |
| FCF MarginFCF / Revenue | 25.9% | -6.7% |
| Capex IntensityCapex / Revenue | 0.9% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.34× | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.3M | $-5.1M | ||
| Q3 25 | $-18.4M | $4.2M | ||
| Q2 25 | $16.3M | $-11.8M | ||
| Q1 25 | $20.6M | $22.7M | ||
| Q4 24 | $-21.6M | $6.4M | ||
| Q3 24 | $38.6M | $-3.2M | ||
| Q2 24 | $-4.3M | $-3.9M | ||
| Q1 24 | $2.6M | $14.8M |
| Q4 25 | $15.8M | $-5.7M | ||
| Q3 25 | $-24.9M | $2.1M | ||
| Q2 25 | $5.4M | $-13.2M | ||
| Q1 25 | $5.8M | $21.2M | ||
| Q4 24 | $-28.4M | $5.1M | ||
| Q3 24 | $38.6M | $-3.9M | ||
| Q2 24 | $-6.0M | $-4.6M | ||
| Q1 24 | $2.6M | $14.2M |
| Q4 25 | 25.9% | -6.7% | ||
| Q3 25 | -59.3% | 2.9% | ||
| Q2 25 | 12.3% | -22.9% | ||
| Q1 25 | 5.8% | 26.5% | ||
| Q4 24 | -56.7% | 6.4% | ||
| Q3 24 | 55.1% | -5.2% | ||
| Q2 24 | -49.4% | -7.8% | ||
| Q1 24 | 16.4% | 18.9% |
| Q4 25 | 0.9% | 0.7% | ||
| Q3 25 | 15.3% | 2.9% | ||
| Q2 25 | 24.8% | 2.5% | ||
| Q1 25 | 15.0% | 1.9% | ||
| Q4 24 | 13.4% | 1.6% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 13.8% | 1.3% | ||
| Q1 24 | 0.2% | 0.7% |
| Q4 25 | 1.34× | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | 11.02× | — | ||
| Q1 25 | 6.93× | — | ||
| Q4 24 | -11.32× | 1.48× | ||
| Q3 24 | 14.60× | -5.61× | ||
| Q2 24 | -3.09× | -0.89× | ||
| Q1 24 | 176.40× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
