One Stop SYSTEMS, Inc. (OSS) intrinsic value & 10-year financials

One Stop SYSTEMS, Inc. (OSS) has a Graham intrinsic value of $7.31 per share. At $5.95 on Oct 17, 2026, the stock trades 19% below that value. Over the last 10 fiscal years revenue grew 2.0% a year to $32.2M, with an average return on invested capital of -10.0%.

Graham intrinsic value
$7.31
Share price (Oct 17, 2026)
$5.95
Price vs Graham value
19% below
Market cap
$138.1M
Revenue (FY2025)
$32.2M
Revenue growth (10-yr CAGR)
2.0%
ROIC (10-yr avg)
-10.0%
Free cash flow (FY2025)
-$6.7M

OSS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $32.2M $5.1M $0.22 -$6.7M -10.5% -17.3%
FY2024 $54.7M -$13.6M -$0.65 -$470.8K -24.4% -42.9%
FY2023 $60.9M -$6.7M -$0.32 -$1.3M -13.0% -18.8%
FY2022 $72.4M -$2.2M -$0.11 -$8.3M 2.2% 1.8%
FY2021 $62.0M $2.3M $0.12 $5.1M 2.8% 3.8%
FY2020 $51.9M -$6.5K $0.00 -$1.1M -0.8% -0.8%
FY2019 $58.3M -$900.3K -$0.06 -$11.4K -1.3% -3.0%
FY2018 $37.0M -$1.1M -$0.09 -$4.5M -8.6% -9.6%
FY2017 $27.5M $96.6K $0.01 -$807.2K -1.6% -3.0%
FY2016 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

ONE STOP SYSTEMS, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

ONE STOP SYSTEMS, INC. has historically struggled to out-earn its cost of capital, averaging just -10.0% ROIC.

ONE STOP SYSTEMS, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, ONE STOP SYSTEMS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $7.31 per share.

OSS stock: frequently asked questions

What is the intrinsic value of One Stop SYSTEMS, Inc. (OSS) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, OSS's intrinsic value is about $7.31 per share.

Is OSS stock undervalued?

At $5.95 (close on Oct 17, 2026), OSS trades 19% below its Graham value of $7.31. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does One Stop SYSTEMS, Inc. generate free cash flow?

One Stop SYSTEMS, Inc. generated -$6.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 9 reported years.

What is OSS's return on invested capital?

Average ROIC over the last 10 fiscal years was -10.0%, and average return on equity was -5.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this OSS data come from?

From One Stop SYSTEMS, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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