Filing Flows › DSwiss (DQWS) › Q2 2025
DSwiss (DQWS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
DSwiss (DQWS) reported revenue of $1.0M for the second quarter 2025 (Q2 2025), +76% from a year earlier and +2% from the quarter before. Operating margin was -0.1%, net earnings $32K (3.1% of revenue).
DSwiss, Q2 2025: revenue $1.0M (+76% year over year), operating margin -0.1%, net earnings $32K, operating cash flow $233K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | +2% | +76% |
| Operating profit | −$1K | -100% | — |
| Net earnings | $32K | -77% | — |
| Operating cash flow | $233K | — | +40% |
| Free cash flow | $232K | — | — |
What changed
Revenue was $1.0M in Q2 2025, up 76% year over year and up 2% from the previous quarter.
Gross margin was 14.6%, down 8.3 points from a year earlier. Operating costs exceeded revenue by $1K, an operating margin of -0.1%. Operating expenses grew 13% against revenue growth of 76%. The fastest-growing cost line was SG&A (+24%). Net earnings were $32K, up 52% year over year. The effective tax rate was 6.2%. Non-operating items added $35K, 102% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $233K (up 40% year over year), 726% of net earnings. Non-cash charges added back $15K of depreciation and amortization. Working capital and other items added $186K. Capital expenditures of $1K left free cash flow of $232K.
Questions
What was DSwiss' revenue in the second quarter 2025?
DSwiss (DQWS) reported revenue of $1.0M for the second quarter 2025 (Q2 2025), +76% from a year earlier and +2% from the quarter before.
Was DSwiss profitable in the second quarter 2025?
Operating loss was $1K (-0.1% of revenue) and net earnings $32K.
Source: DSwiss 10-Q on SEC EDGAR.