Filing Flows › DSwiss (DQWS) › Q1 2026
DSwiss (DQWS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
DSwiss (DQWS) reported revenue of $478K for the first quarter 2026 (Q1 2026), -52% from a year earlier and +5% from the quarter before. Operating margin was -0.1%, net earnings $4K (0.9% of revenue).
DSwiss, Q1 2026: revenue $478K (-52% year over year), operating margin -0.1%, net earnings $4K, operating cash flow −$55K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $478K | +5% | -52% |
| Operating profit | −$340 | — | -100% |
| Net earnings | $4K | — | -97% |
| Operating cash flow | −$55K | — | — |
What changed
Revenue was $478K in Q1 2026, down 52% year over year and up 5% from the previous quarter.
Gross margin was 33.3%, up 7.0 points from Q1 2025. Operating costs exceeded revenue by $0K, an operating margin of -0.1%. Operating expenses grew 30% against a revenue fall of 52%. The fastest-growing cost line was Other operating costs (+496%). Net earnings were $4K, down 97% year over year. The effective tax rate was 38.5%. Non-operating items added $7K, 105% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$55K. Non-cash charges added back $21K of depreciation and amortization. Working capital and other items used $80K. Capital expenditures of $0K exceeded it, leaving free cash flow of −$55K.
Questions
What was DSwiss' revenue in the first quarter 2026?
DSwiss (DQWS) reported revenue of $478K for the first quarter 2026 (Q1 2026), -52% from a year earlier and +5% from the quarter before.
Was DSwiss profitable in the first quarter 2026?
Operating loss was $340 (-0.1% of revenue) and net earnings $4K.
Source: DSwiss 10-Q on SEC EDGAR.