Every 10-Q that DSWISS INC (DQWS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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. reported sharply lower activity for the six months ended June 30, 2026. Revenue fell to $989,518 from $2,022,526, cutting gross profit to $328,546 from $411,655 as the company continued to focus on nutraceutical and skincare OEM/ODM products mainly in Malaysia. Net income for the period declined to $1,789 from $170,864, and operating cash flow swung from an inflow of $148,585 to an outflow of $5,298.
The balance sheet remains weak: total assets were $637,223 against total liabilities of $645,043, resulting in negative equity of $7,820. Current liabilities exceeded current assets by $91,418, and management disclosed that these conditions raise substantial doubt about the company’s ability to continue as a going concern without improved profitability or external financing. Revenue and purchases are highly concentrated in a small number of customers and vendors, increasing business risk.
Management also concluded that disclosure controls and procedures were not effective as of June 30, 2026, citing material weaknesses in internal control over financial reporting, including inadequate segregation of duties and insufficient written policies under US GAAP and SEC requirements.
DSwiss, Inc. reported sharply weaker Q1 2026 results while flagging serious going concern risks. Revenue for the three months ended March 31, 2026 fell to $477,737 from $1,001,186, cutting gross profit to $159,192. Net income dropped to just $4,291, or $0.0001 per basic and diluted share.
The balance sheet shows $220,027 of cash against total liabilities of $693,393 and a stockholders’ deficit of $5,789. Management reports an accumulated deficit of $1,460,499, negative operating cash flow of $55,119, and explicitly states there is “substantial doubt” about the company’s ability to continue as a going concern without improved profitability or new financing.
DSwiss, Inc. (DQWS) filed its Q3 2025 10-Q, reporting softer quarterly results and a going concern warning. Q3 revenue was $441,618 versus $1,027,198 a year ago, with a net loss of $97,891 compared to a loss of $61,468 last year. Gross profit for the quarter was $58,569.
For the nine months ended September 30, 2025, revenue reached $2,464,144 and net income was $72,973. Operating cash flow was $(18,597). Cash and cash equivalents were $367,519. Total assets were $800,748 and total liabilities were $652,155, resulting in equity of $148,593. Shares outstanding were 206,904,585 as of September 30, 2025.
Management disclosed substantial doubt about the Company’s ability to continue as a going concern due to accumulated deficit and negative operating cash flow. Customer concentration was high, with one customer accounting for 67% of Q3 revenue. Internal controls were deemed not effective due to material weaknesses. The Company recognized an operating lease right‑of‑use asset of $156,014 following a new office lease commencing March 1, 2025.