DSS, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $20.8M | $19.1M | $25.9M | $28.4M | $20.3M |
| Cost of revenue | — | — | — | $37.5M | $16.8M |
| Selling, general & administrative | $12.3M | $38.2M | $51.3M | $25.4M | $27.0M |
| Research and development | $340,000 | $278,000 | $1.7M | $1.3M | $1.1M |
| Operating expenses | $35.2M | $61.7M | $76.7M | $58.4M | $43.8M |
| Operating income | -$14.4M | -$42.6M | -$50.8M | -$30.0M | -$23.5M |
| Interest expense | $266,000 | $283,000 | $553,000 | $126,000 | $196,000 |
| Pretax income | -$27.5M | -$53.7M | -$74.0M | -$42.7M | -$40.2M |
| Income tax expense | — | $8,000 | $4,000 | $172,000 | -$4.0M |
| Net income | -$23.9M | -$46.9M | -$60.6M | -$59.8M | -$33.1M |
| Balance Sheet | |||||
| Cash and equivalents | $6.2M | $11.4M | $6.6M | $16.2M | $56.6M |
| Current assets | $14.3M | $66.7M | $74.6M | $48.0M | $80.3M |
| Total assets | $67.6M | $106.5M | $153.2M | $248.9M | $282.7M |
| Current liabilities | $47.5M | $65.0M | $55.6M | $73.7M | $27.8M |
| Total liabilities | $58.9M | $73.7M | — | — | — |
| Stockholders' equity | -$832,000 | $19.9M | $63.9M | $125.6M | $161.8M |
| Cash Flow Statement | |||||
| Cash from operations | -$9.1M | -$8.8M | -$19.2M | -$27.0M | -$9.0M |
| Depreciation and amortization | $803,000 | $878,000 | $5.2M | $12.2M | $4.3M |
| Stock-based compensation | $13,000 | $19,000 | $0 | $4,000 | $78,000 |
| Capital expenditure | $268,000 | $133,000 | $818,000 | $1.9M | $14.3M |
| Free cash flow | -$9.4M | -$8.9M | -$20.0M | -$28.8M | -$23.3M |
| Impairments | $600,000 | $7.4M | $7.4M | $2.8M | — |
Shares outstanding 10.0M · Free float 9.9%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.