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Side-by-side financial comparison of TSS, Inc. (TSSI) and Exzeo Group, Inc. (XZO). Click either name above to swap in a different company.
TSS, Inc. is the larger business by last-quarter revenue ($60.9M vs $55.2M, roughly 1.1× Exzeo Group, Inc.). Exzeo Group, Inc. runs the higher net margin — 38.3% vs 20.0%, a 18.4% gap on every dollar of revenue. Exzeo Group, Inc. produced more free cash flow last quarter ($86.6M vs $15.8M).
Exzeo Group, Inc. is a global technology firm specializing in cloud-native SaaS solutions for the insurance industry. Its core product portfolio includes claims processing platforms, policy administration tools, and underwriting automation systems, serving insurance carriers, third-party administrators, and independent adjusters across North America and European markets.
TSSI vs XZO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $60.9M | $55.2M |
| Net Profit | $12.2M | $21.2M |
| Gross Margin | 17.6% | 61.2% |
| Operating Margin | 1.5% | 49.4% |
| Net Margin | 20.0% | 38.3% |
| Revenue YoY | 21.8% | — |
| Net Profit YoY | 535.7% | — |
| EPS (diluted) | $0.44 | $0.25 |
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 | — | ||
| Q3 25 | $41.9M | $55.2M | ||
| Q2 25 | $44.0M | — | ||
| Q1 25 | $99.0M | — | ||
| Q4 24 | $50.0M | — | ||
| Q3 24 | $70.1M | — | ||
| Q2 24 | $12.2M | — | ||
| Q1 24 | $15.9M | — |
| Q4 25 | $12.2M | — | ||
| Q3 25 | $-1.5M | $21.2M | ||
| Q2 25 | $1.5M | — | ||
| Q1 25 | $3.0M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $2.6M | — | ||
| Q2 24 | $1.4M | — | ||
| Q1 24 | $15.0K | — |
| Q4 25 | 17.6% | — | ||
| Q3 25 | 11.1% | 61.2% | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 17.1% | — |
| Q4 25 | 1.5% | — | ||
| Q3 25 | -2.2% | 49.4% | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 5.4% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 1.6% | — |
| Q4 25 | 20.0% | — | ||
| Q3 25 | -3.6% | 38.3% | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | $0.44 | — | ||
| Q3 25 | $-0.06 | $0.25 | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $0.12 | — | ||
| Q4 24 | $0.08 | — | ||
| Q3 24 | $0.10 | — | ||
| Q2 24 | $0.06 | — | ||
| Q1 24 | $0.00 | — |
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 | $140.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $76.6M | $78.4M |
| Total Assets | $184.9M | $182.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $85.5M | — | ||
| Q3 25 | $70.7M | $140.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $23.2M | — | ||
| Q3 24 | $46.4M | — | ||
| Q2 24 | $8.3M | — | ||
| Q1 24 | $14.4M | — |
| Q4 25 | $76.6M | — | ||
| Q3 25 | $63.4M | $78.4M | ||
| Q2 25 | $9.5M | — | ||
| Q1 25 | $9.4M | — | ||
| Q4 24 | $7.1M | — | ||
| Q3 24 | $7.7M | — | ||
| Q2 24 | $5.2M | — | ||
| Q1 24 | $3.7M | — |
| Q4 25 | $184.9M | — | ||
| Q3 25 | $165.4M | $182.3M | ||
| Q2 25 | $139.5M | — | ||
| Q1 25 | $113.5M | — | ||
| Q4 24 | $96.6M | — | ||
| Q3 24 | $67.3M | — | ||
| Q2 24 | $28.9M | — | ||
| Q1 24 | $26.8M | — |
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 | $89.0M |
| Free Cash FlowOCF − Capex | $15.8M | $86.6M |
| FCF MarginFCF / Revenue | 25.9% | 156.9% |
| Capex IntensityCapex / Revenue | 0.9% | 4.4% |
| Cash ConversionOCF / Net Profit | 1.34× | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.3M | — | ||
| Q3 25 | $-18.4M | $89.0M | ||
| Q2 25 | $16.3M | — | ||
| Q1 25 | $20.6M | — | ||
| Q4 24 | $-21.6M | — | ||
| Q3 24 | $38.6M | — | ||
| Q2 24 | $-4.3M | — | ||
| Q1 24 | $2.6M | — |
| Q4 25 | $15.8M | — | ||
| Q3 25 | $-24.9M | $86.6M | ||
| Q2 25 | $5.4M | — | ||
| Q1 25 | $5.8M | — | ||
| Q4 24 | $-28.4M | — | ||
| Q3 24 | $38.6M | — | ||
| Q2 24 | $-6.0M | — | ||
| Q1 24 | $2.6M | — |
| Q4 25 | 25.9% | — | ||
| Q3 25 | -59.3% | 156.9% | ||
| Q2 25 | 12.3% | — | ||
| Q1 25 | 5.8% | — | ||
| Q4 24 | -56.7% | — | ||
| Q3 24 | 55.1% | — | ||
| Q2 24 | -49.4% | — | ||
| Q1 24 | 16.4% | — |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 15.3% | 4.4% | ||
| Q2 25 | 24.8% | — | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 13.8% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | 1.34× | — | ||
| Q3 25 | — | 4.21× | ||
| Q2 25 | 11.02× | — | ||
| Q1 25 | 6.93× | — | ||
| Q4 24 | -11.32× | — | ||
| Q3 24 | 14.60× | — | ||
| Q2 24 | -3.09× | — | ||
| 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% |
XZO
| Underwriting And Management Services | $44.9M | 81% |
| Claim Services | $8.0M | 15% |
| Technology Service | $2.3M | 4% |
