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Side-by-side financial comparison of DSS, INC. (DSS) and Opus Genetics, Inc. (IRD). Click either name above to swap in a different company.

DSS, INC. is the larger business by last-quarter revenue ($4.1M vs $3.9M, roughly 1.1× Opus Genetics, Inc.). On growth, Opus Genetics, Inc. posted the faster year-over-year revenue change (-10.2% vs -23.8%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs 3.2%).

DSS, Inc. is a diversified technology company offering product authentication solutions, secure identification services, blockchain-based innovation, digital asset management tools, and healthcare technology products. It primarily serves North American, Asian, and European markets across consumer goods, financial services, and healthcare core segments.

Opus Genetics, Inc. is a clinical-stage biotechnology company specializing in the development of targeted gene therapies for inherited retinal diseases. It focuses on addressing unmet medical needs for patients living with rare, vision-threatening ocular conditions, with operations centered on advancing accessible therapeutic candidates for global rare disease patient populations.

DSS vs IRD — Head-to-Head

Bigger by revenue
DSS
DSS
1.1× larger
DSS
$4.1M
$3.9M
IRD
Growing faster (revenue YoY)
IRD
IRD
+13.7% gap
IRD
-10.2%
-23.8%
DSS
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
3.2%
DSS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DSS
DSS
IRD
IRD
Revenue
$4.1M
$3.9M
Net Profit
$-17.4M
Gross Margin
Operating Margin
-98.1%
Net Margin
-420.6%
Revenue YoY
-23.8%
-10.2%
Net Profit YoY
47.2%
53.0%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DSS
DSS
IRD
IRD
Q4 25
$4.1M
$3.9M
Q3 25
$6.4M
$3.1M
Q2 25
$5.3M
$2.9M
Q1 25
$5.0M
$4.4M
Q4 24
$5.4M
$4.3M
Q3 24
$5.6M
$3.9M
Q2 24
$4.2M
$1.1M
Q1 24
$3.9M
$1.7M
Net Profit
DSS
DSS
IRD
IRD
Q4 25
$-17.4M
Q3 25
$-2.2M
$-17.5M
Q2 25
$-2.6M
$-7.4M
Q1 25
$-5.3M
$-8.2M
Q4 24
$-32.9M
Q3 24
$-5.3M
$-7.5M
Q2 24
$-4.7M
$-7.8M
Q1 24
$-4.1M
$-7.1M
Operating Margin
DSS
DSS
IRD
IRD
Q4 25
-98.1%
Q3 25
-50.6%
-269.9%
Q2 25
-64.8%
-309.0%
Q1 25
-75.2%
-227.2%
Q4 24
-522.7%
Q3 24
-83.4%
-207.1%
Q2 24
-117.2%
-748.9%
Q1 24
-120.9%
-450.5%
Net Margin
DSS
DSS
IRD
IRD
Q4 25
-420.6%
Q3 25
-34.9%
-566.9%
Q2 25
-49.3%
-257.5%
Q1 25
-106.9%
-187.5%
Q4 24
-606.7%
Q3 24
-94.4%
-194.6%
Q2 24
-111.2%
-698.3%
Q1 24
-105.2%
-415.3%
EPS (diluted)
DSS
DSS
IRD
IRD
Q4 25
Q3 25
$-0.25
Q2 25
$-0.12
Q1 25
$-0.24
Q4 24
$-4.64
Q3 24
$-0.75
$-0.29
Q2 24
$-0.66
$-0.30
Q1 24
$-0.58
$-0.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DSS
DSS
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$8.9M
$45.1M
Total DebtLower is stronger
$44.7M
Stockholders' EquityBook value
$-832.0K
$15.3M
Total Assets
$67.6M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSS
DSS
IRD
IRD
Q4 25
$8.9M
$45.1M
Q3 25
$8.7M
$30.8M
Q2 25
$12.4M
$32.4M
Q1 25
$17.3M
$41.8M
Q4 24
$14.3M
$30.3M
Q3 24
$18.9M
$36.6M
Q2 24
$20.3M
$41.4M
Q1 24
$17.7M
$47.2M
Total Debt
DSS
DSS
IRD
IRD
Q4 25
$44.7M
Q3 25
$50.2M
Q2 25
$43.9M
Q1 25
$49.3M
Q4 24
$57.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DSS
DSS
IRD
IRD
Q4 25
$-832.0K
$15.3M
Q3 25
$14.2M
$6.0M
Q2 25
$15.7M
$17.5M
Q1 25
$17.9M
$5.1M
Q4 24
$19.9M
$6.7M
Q3 24
$52.1M
$34.3M
Q2 24
$55.2M
$40.6M
Q1 24
$59.9M
$46.1M
Total Assets
DSS
DSS
IRD
IRD
Q4 25
$67.6M
$50.2M
Q3 25
$92.1M
$36.1M
Q2 25
$93.4M
$38.7M
Q1 25
$92.4M
$48.2M
Q4 24
$106.5M
$36.9M
Q3 24
$142.7M
$40.4M
Q2 24
$144.4M
$44.8M
Q1 24
$148.5M
$51.8M
Debt / Equity
DSS
DSS
IRD
IRD
Q4 25
Q3 25
3.54×
Q2 25
2.80×
Q1 25
2.76×
Q4 24
2.87×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DSS
DSS
IRD
IRD
Operating Cash FlowLast quarter
$-1.6M
$-35.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DSS
DSS
IRD
IRD
Q4 25
$-1.6M
$-35.3M
Q3 25
$-8.0M
$-6.2M
Q2 25
$2.1M
$-10.3M
Q1 25
$-1.6M
$-9.0M
Q4 24
$-2.9M
$-25.6M
Q3 24
$-315.0K
$-5.1M
Q2 24
$-3.4M
$-7.3M
Q1 24
$-2.1M
$-5.7M
Free Cash Flow
DSS
DSS
IRD
IRD
Q4 25
Q3 25
$-8.1M
Q2 25
$2.0M
Q1 25
$-1.7M
Q4 24
$-3.0M
Q3 24
Q2 24
$-3.5M
Q1 24
$-2.2M
FCF Margin
DSS
DSS
IRD
IRD
Q4 25
Q3 25
-126.5%
Q2 25
37.4%
Q1 25
-34.1%
Q4 24
-54.9%
Q3 24
Q2 24
-81.9%
Q1 24
-55.6%
Capex Intensity
DSS
DSS
IRD
IRD
Q4 25
Q3 25
1.3%
Q2 25
1.7%
Q1 25
1.0%
Q4 24
1.9%
Q3 24
0.0%
Q2 24
0.6%
Q1 24
0.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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