Filing Flows › DSS (DSS) › Q4 2025
DSS (DSS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
DSS (DSS) reported revenue of $4.1M for the fourth quarter 2025 (Q4 2025), -24% from a year earlier and -35% from the quarter before. Operating margin was -98.1%, net loss $17.4M (421.6% of revenue).
DSS, Q4 2025: revenue $4.1M (-24% year over year), operating margin -98.1%, net loss $17.4M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | -35% | -24% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$17.4M | — | — |
| Operating cash flow | −$1.6M | — | -470% |
What changed
Revenue was $4.1M in Q4 2025, down 24% year over year and down 35% from the previous quarter.
Operating costs exceeded revenue by $4.0M, an operating margin of -98.1%. Total costs fell 76% while revenue fell 24%. The quarter ended with a net loss of $17.4M, wider than the previous quarter's $2.2M loss. Minority interests bore $2.7M of it: to shareholders the quarter was a loss of $14.7M. Net interest and other expense of $13.3M was the main reason.
Operating cash flow was −$1.6M. Non-cash charges added back $745K of depreciation and amortization and $8K of share-based compensation. Working capital and other items added $15.1M. Capital expenditures of $42K exceeded it, leaving free cash flow of −$1.6M.
Questions
What was DSS' revenue in the fourth quarter 2025?
DSS (DSS) reported revenue of $4.1M for the fourth quarter 2025 (Q4 2025), -24% from a year earlier and -35% from the quarter before.
Was DSS profitable in the fourth quarter 2025?
Operating loss was $4.0M (-98.1% of revenue) and net loss $17.4M.
Source: DSS 10-K on SEC EDGAR.