Filing Flows › DSwiss (DQWS) › Q4 2025
DSwiss (DQWS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
DSwiss (DQWS) reported revenue of $457K for the fourth quarter 2025 (Q4 2025), -56% from a year earlier and +3% from the quarter before. Operating margin was 0.0%, net loss $150K (32.8% of revenue).
DSwiss, Q4 2025: revenue $457K (-56% year over year), operating margin 0.0%, net loss $150K, operating cash flow −$76K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $457K | +3% | -56% |
| Operating profit | −$213 | — | — |
| Net earnings | −$150K | — | — |
| Operating cash flow | −$76K | — | — |
What changed
Revenue was $457K in Q4 2025, down 56% year over year and up 3% from the previous quarter.
Gross margin was 20.7%, up 10.2 points from Q4 2024. Operating costs exceeded revenue by $0K, an operating margin of 0.0%. Operating expenses fell 13% while revenue fell 56%. The quarter ended with a net loss of $150K, wider than the previous quarter's $98K loss. Net interest and other expense of $145K was the main reason.
Operating cash flow was −$76K. Non-cash charges added back $19K of depreciation and amortization. Working capital and other items added $55K. Capital expenditures of $3K exceeded it, leaving free cash flow of −$79K.
Questions
What was DSwiss' revenue in the fourth quarter 2025?
DSwiss (DQWS) reported revenue of $457K for the fourth quarter 2025 (Q4 2025), -56% from a year earlier and +3% from the quarter before.
Was DSwiss profitable in the fourth quarter 2025?
Operating loss was $213 (0.0% of revenue) and net loss $150K.
Source: DSwiss 10-K on SEC EDGAR.