Here are the 10-K annual reports from DSwiss Inc (DQWS) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow DQWS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DQWS filings page.
DSwiss, Inc. (DQWS) reported a small net loss for 2025 as revenue declined modestly and margins compressed. The company generated $2,920,986 in revenue for the year ended December 31, 2025, down 6.16% from 2024, mainly from OEM/ODM nutraceutical and skincare sales.
Gross profit was $564,562, with gross margin easing to 19.33% from 20.02%. DSwiss moved from a prior-year net profit of $22,223 to a net loss of $76,860, increasing accumulated losses to $1,464,790. Liquidity weakened, with a working capital deficit of $133,691 and cash of $285,034 at year-end, versus prior surplus and higher cash.
The Nevada-based nutraceutical and skincare OEM/ODM operator continues to focus on Asia-Pacific markets while re-entering international markets such as China and the United States. It is investing in R&D, talent expansion and M&A opportunities, while acknowledging material weaknesses in internal controls and outlining remediation plans.