Filing Flows › DSwiss (DQWS) › Q1 2025
DSwiss (DQWS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
DSwiss (DQWS) reported revenue of $1.0M for the first quarter 2025 (Q1 2025), +112% from a year earlier and -3% from the quarter before. Operating margin was 14.1%, net earnings $139K (13.9% of revenue).
DSwiss, Q1 2025: revenue $1.0M (+112% year over year), operating margin 14.1%, net earnings $139K, operating cash flow −$85K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | -3% | +112% |
| Gross profit | $263K | +144% | -3% |
| Operating profit | $141K | — | — |
| Net earnings | $139K | — | -22% |
| Operating cash flow | −$85K | — | — |
What changed
Revenue was $1.0M in Q1 2025, up 112% year over year and down 3% from the previous quarter.
Gross margin was 26.3%, down 31.0 points from a year earlier. Operating profit was $141K, a 14.1% margin (up 14.1 points year over year). Operating expenses fell 55% while revenue rose 112%. The fastest-growing cost line was SG&A (+28%). Net earnings were $139K, down 22% year over year. The effective tax rate was 1.4%.
Operating cash flow was −$85K. Non-cash charges added back $11K of depreciation and amortization. Working capital and other items used $234K. Capital expenditures of $1K exceeded it, leaving free cash flow of −$86K.
Questions
What was DSwiss' revenue in the first quarter 2025?
DSwiss (DQWS) reported revenue of $1.0M for the first quarter 2025 (Q1 2025), +112% from a year earlier and -3% from the quarter before.
Was DSwiss profitable in the first quarter 2025?
Operating profit was $141K (14.1% of revenue) and net earnings $139K.
Source: DSwiss 10-Q on SEC EDGAR.