Filing Flows › DSS (DSS) › Q3 2025
DSS (DSS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
DSS (DSS) reported revenue of $6.4M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +21% from the quarter before. Operating margin was -50.6%, net loss $2.2M (34.9% of revenue).
DSS, Q3 2025: revenue $6.4M (+14% year over year), operating margin -50.6%, net loss $2.2M, operating cash flow −$8.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4M | +21% | +14% |
| Operating profit | −$3.2M | — | — |
| Net earnings | −$2.2M | — | — |
| Operating cash flow | −$8.0M | -487% | — |
What changed
Revenue was $6.4M in Q3 2025, up 14% year over year and up 21% from the previous quarter. Printed Products Revenue was the largest line at 78% of revenue. Commission Revenue added $432K year over year (up 188%), 54% of the total change. Net Investment Revenue declined 84%.
Operating costs exceeded revenue by $3.2M, an operating margin of -50.6%. Total costs fell 6% while revenue rose 14%. The quarter ended with a net loss of $2.2M, narrower than the previous quarter's $2.6M loss. Non-operating items added $1.0M, -45% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$8.0M. Non-cash charges added back $1.1M of depreciation and amortization and $1K of share-based compensation. Working capital and other items used $6.9M. Capital expenditures of $82K exceeded it, leaving free cash flow of −$8.1M.
Questions
What was DSS' revenue in the third quarter 2025?
DSS (DSS) reported revenue of $6.4M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +21% from the quarter before.
Was DSS profitable in the third quarter 2025?
Operating loss was $3.2M (-50.6% of revenue) and net loss $2.2M.
Source: DSS 10-Q on SEC EDGAR.