Dswiss Financials
This page shows Dswiss (DQWS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Dswiss's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Dswiss has an operating margin of -0.0%, meaning the company retains $-0 of operating profit per $100 of revenue. This below-average margin results in a low score of 22/100, suggesting thin profitability after operating expenses. This is up from -0.0% the prior year.
Dswiss's revenue declined 6.2% year-over-year, from $3.1M to $2.9M. This contraction results in a growth score of 100/100.
Dswiss has elevated debt relative to equity (D/E of -73.45), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Dswiss's current ratio of 0.71 is below the typical benchmark, resulting in a score of 9/100. However, the company holds substantial cash reserves (61% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
While Dswiss generated -$94K in operating cash flow, capex of $41K consumed most of it, leaving -$135K in free cash flow. This results in a low score of 23/100, reflecting heavy capital investment rather than weak cash generation.
Dswiss passes 1 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Dswiss generates $1.23 in operating cash flow (-$94K OCF vs -$77K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Dswiss generated $2.9M in revenue in fiscal year 2025. This represents a decrease of 6.2% from the prior year.
Dswiss's EBITDA was $63K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 283.3% from the prior year.
Dswiss reported -$77K in net income in fiscal year 2025. This represents a decrease of 445.9% from the prior year.
Dswiss earned $-0.00 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 500.0% from the prior year.
Cash & Balance Sheet
Dswiss generated -$135K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 275.7% from the prior year.
Dswiss held $285K in cash against $0 in long-term debt as of fiscal year 2025.
Dswiss had 207M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Dswiss's gross margin was 19.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.
Dswiss's operating margin was -0.0% in fiscal year 2025, reflecting core business profitability. This is up 0.0 percentage points from the prior year.
Dswiss's net profit margin was -2.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.3 percentage points from the prior year.
Capital Allocation
Dswiss invested $41K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 61.1% from the prior year.
DQWS Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $442K-56.8% | $1.0M+2.0% | $1.0M-3.3% | $1.0M+0.8% | $1.0M+77.3% | $579K+22.9% | $471K+11.4% | $423K |
| Cost of Revenue | $383K-56.1% | $873K+18.2% | $738K-20.4% | $927K+1.4% | $914K+104.4% | $447K+121.9% | $201K-47.3% | $382K |
| Gross Profit | $59K-60.6% | $149K-43.5% | $263K+143.6% | $108K-4.6% | $113K-14.4% | $132K-51.0% | $270K+558.8% | $41K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $140K+3.6% | $135K+13.6% | $119K-49.1% | $234K+41.2% | $166K+51.5% | $110K+17.2% | $94K-3.9% | $97K |
| Operating Income | -$355+40.7% | -$599 | N/A | -$260+27.0% | -$356-38.0% | -$258+21.6% | -$329-13.4% | -$290 |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $7K+238.0% | $2K+4.5% | $2K+126.0% | -$8K-170.0% | $11K+153.2% | $4K+2675.3% | $158-1.3% | $160 |
| Net Income | -$98K-404.7% | $32K-76.8% | $139K+220.5% | -$115K-87.3% | -$61K-390.7% | $21K-88.1% | $178K+370.8% | -$66K |
| EPS (Diluted) | $-0.00-350.0% | $0.00-71.4% | $0.00 | N/A | $-0.00-400.0% | $0.00-88.9% | $0.00 | N/A |
DQWS Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $801K-15.9% | $952K+11.3% | $855K+34.5% | $636K-22.2% | $817K+43.0% | $571K+29.2% | $442K+20.3% | $367K |
| Current Assets | $450K-31.8% | $660K+17.0% | $564K+13.4% | $498K-35.6% | $772K+45.8% | $530K+33.4% | $397K+25.3% | $317K |
| Cash & Equivalents | $368K-36.7% | $581K+90.7% | $305K-23.4% | $397K-16.0% | $473K+3.3% | $458K+50.3% | $305K+22.4% | $249K |
| Inventory | $4K-6.3% | $4K+50.2% | $3K-14.6% | $3K-32.0% | $5K-8.4% | $5K-13.2% | $6K-9.8% | $7K |
| Accounts Receivable | $38K-30.7% | $55K-12.2% | $63K-15.4% | $75K+46.5% | $51K+33.3% | $38K-38.1% | $62K+70.9% | $36K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $652K-7.1% | $702K+9.3% | $642K+14.3% | $562K-9.2% | $618K+90.4% | $325K+56.7% | $207K-33.4% | $311K |
| Current Liabilities | $413K-11.9% | $469K+11.4% | $421K-13.0% | $484K-19.4% | $601K+94.2% | $309K+61.3% | $192K-35.0% | $295K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $149K-40.6% | $250K+17.3% | $213K+187.8% | $74K-62.7% | $199K-19.5% | $247K+4.9% | $235K+316.5% | $56K |
| Retained Earnings | -$1.3M-8.0% | -$1.2M+2.6% | -$1.2M+10.0% | -$1.4M-9.0% | -$1.3M-5.1% | -$1.2M+1.7% | -$1.2M+12.6% | -$1.4M |
DQWS Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$167K-171.6% | $233K+375.3% | -$85K-144.6% | -$35K-179.2% | -$12K-107.4% | $167K+167.3% | $63K+194.6% | -$66K |
| Capital Expenditures | $36K+3310.1% | $1K-22.3% | $1K-98.7% | $104K | N/A | N/A | N/A | $9 |
| Free Cash Flow | -$203K-187.3% | $232K+369.8% | -$86K+37.9% | -$139K | N/A | N/A | N/A | -$66K |
| Investing Cash Flow | -$36K-217.6% | $30K+2351.9% | -$1K+98.7% | -$104K-6441.5% | -$2K-79550.0% | $2-99.3% | $274+3525.0% | -$8 |
| Financing Cash Flow | -$8K+16.3% | -$9K-11.6% | -$8K-110.0% | $82K+1520.2% | -$6K-43.9% | -$4K-1.3% | -$4K+7.9% | -$4K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DQWS Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.3%-1.3pp | 14.5%-11.7pp | 26.3%+15.8pp | 10.4%-0.6pp | 11.0%-11.8pp | 22.8%-34.4pp | 57.3%+47.6pp | 9.7% |
| Operating Margin | -0.1%-0.0pp | -0.1% | N/A | -0.0%0.0pp | -0.0%+0.0pp | -0.0%+0.0pp | -0.1%0.0pp | -0.1% |
| Net Margin | -22.2%-25.3pp | 3.1%-10.7pp | 13.9%+25.0pp | -11.1%-5.1pp | -6.0%-9.6pp | 3.6%-34.0pp | 37.7%+53.2pp | -15.5% |
| Return on Equity | -65.9%-78.7pp | 12.8%-52.3pp | 65.1%+220.6pp | -155.5%-124.5pp | -30.9%-39.5pp | 8.6%-67.0pp | 75.6%+191.9pp | -116.3% |
| Return on Assets | -12.2%-15.6pp | 3.4%-12.8pp | 16.2%+34.3pp | -18.1%-10.6pp | -7.5%-11.2pp | 3.7%-36.5pp | 40.2%+58.0pp | -17.8% |
| Current Ratio | 1.09-0.3 | 1.41+0.1 | 1.34+0.3 | 1.03-0.3 | 1.29-0.4 | 1.71-0.4 | 2.07+1.0 | 1.07 |
| Debt-to-Equity | 4.39+1.6 | 2.81-0.2 | 3.01-4.6 | 7.59+4.5 | 3.11+1.8 | 1.32+0.4 | 0.88-4.6 | 5.51 |
| FCF Margin | -45.9%-68.7pp | 22.7%+31.3pp | -8.6%+4.8pp | -13.4% | N/A | N/A | N/A | -15.6% |
Note: Shareholder equity is negative (-$9K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.71), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Dswiss's annual revenue?
Dswiss (DQWS) reported $2.9M in total revenue for fiscal year 2025. This represents a -6.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dswiss's revenue growing?
Dswiss (DQWS) revenue declined by 6.2% year-over-year, from $3.1M to $2.9M in fiscal year 2025.
Is Dswiss profitable?
No, Dswiss (DQWS) reported a net income of -$77K in fiscal year 2025, with a net profit margin of -2.6%.
What is Dswiss's EBITDA?
Dswiss (DQWS) had EBITDA of $63K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Dswiss's gross margin?
Dswiss (DQWS) had a gross margin of 19.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dswiss's operating margin?
Dswiss (DQWS) had an operating margin of -0.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Dswiss's net profit margin?
Dswiss (DQWS) had a net profit margin of -2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dswiss's free cash flow?
Dswiss (DQWS) generated -$135K in free cash flow during fiscal year 2025. This represents a -275.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dswiss's operating cash flow?
Dswiss (DQWS) generated -$94K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dswiss's total assets?
Dswiss (DQWS) had $677K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dswiss's capital expenditures?
Dswiss (DQWS) invested $41K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Dswiss's current ratio?
Dswiss (DQWS) had a current ratio of 0.71 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Dswiss's debt-to-equity ratio?
Dswiss (DQWS) had a debt-to-equity ratio of -73.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dswiss's return on assets (ROA)?
Dswiss (DQWS) had a return on assets of -11.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dswiss's cash runway?
Based on fiscal year 2025 data, Dswiss (DQWS) had $285K in cash against an annual operating cash burn of $94K. This gives an estimated cash runway of approximately 36 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Dswiss's debt-to-equity ratio negative or unusual?
Dswiss (DQWS) has negative shareholder equity of -$9K as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Dswiss's Piotroski F-Score?
Dswiss (DQWS) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dswiss's earnings high quality?
Dswiss (DQWS) has an earnings quality ratio of 1.23x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Dswiss?
Dswiss (DQWS) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.