One Stop Systems

OSS

Computer Hardware · Technology

Price

$12.62

+0.42 (+3.44%)

Market Cap

$312.6M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+19.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 19.5M (2021) → 23.2M (2025)

One Stop Systems, Inc. designs, manufactures, and markets high-performance computing modules and systems for edge deployments in the United States and internationally. Its systems are built using the graphical processing unit and solid-state flash technologies. The company provides custom servers, data acquisition platforms, compute accelerators, solid-state storage arrays, PCIe expansion products, and system I/O expansion systems, as well as edge optimized industrial and panel PCs. It also offe

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-34.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+78.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$5M/ year

↑ Rising (+33% vs prior year)

16.9% of revenue

In line with sector average (15%)

Investing heavily in future products and technology

Insider Activity

13.3%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$24M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Heavy R&D investment

One Stop Systems is putting 17% of revenue into R&D and that number is rising. And they're generating enough cash to self-fund it.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

49.4%

Healthy — 49.4% gross margin

Operating Margin

-8.3%

Losing money on operations — -8.3%

ROCE

-1.4%

Weak — -1.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-48.4%

Shrinking sales (-48.4% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

-17%

Weak — only -17% of profit becomes cash

FCF Margin

-6.9%

Burning cash (-6.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.03

Conservative — low debt load (0.03)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

40.9x

Pricey — P/E 40.9

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward

-347.4

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Not applicable for this business.

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