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

DSS, INC. is the larger business by last-quarter revenue ($4.1M vs $2.3M, roughly 1.8× Marwynn Holdings, Inc.). Marwynn Holdings, Inc. runs the higher net margin — -116.0% vs -420.6%, a 304.6% gap on every dollar of revenue. On growth, Marwynn Holdings, Inc. posted the faster year-over-year revenue change (-13.3% vs -23.8%).

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.

Marwynn Holdings, Inc. is a Canada-based investment holding company focused on acquiring, managing, and scaling middle-market businesses primarily across North America. Its core operating segments cover industrial products, consumer goods, and technology-enabled services, targeting sustainable long-term value creation for its stakeholders.

DSS vs MWYN — Head-to-Head

Bigger by revenue
DSS
DSS
1.8× larger
DSS
$4.1M
$2.3M
MWYN
Growing faster (revenue YoY)
MWYN
MWYN
+10.5% gap
MWYN
-13.3%
-23.8%
DSS
Higher net margin
MWYN
MWYN
304.6% more per $
MWYN
-116.0%
-420.6%
DSS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DSS
DSS
MWYN
MWYN
Revenue
$4.1M
$2.3M
Net Profit
$-17.4M
$-2.7M
Gross Margin
42.4%
Operating Margin
-98.1%
-115.8%
Net Margin
-420.6%
-116.0%
Revenue YoY
-23.8%
-13.3%
Net Profit YoY
47.2%
-11713.9%
EPS (diluted)
$-0.16

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
MWYN
MWYN
Q4 25
$4.1M
Q3 25
$6.4M
$2.3M
Q2 25
$5.3M
Q1 25
$5.0M
$623.7K
Q4 24
$5.4M
Q3 24
$5.6M
Q2 24
$4.2M
Q1 24
$3.9M
Net Profit
DSS
DSS
MWYN
MWYN
Q4 25
$-17.4M
Q3 25
$-2.2M
$-2.7M
Q2 25
$-2.6M
Q1 25
$-5.3M
$23.4K
Q4 24
$-32.9M
Q3 24
$-5.3M
Q2 24
$-4.7M
Q1 24
$-4.1M
Gross Margin
DSS
DSS
MWYN
MWYN
Q4 25
Q3 25
42.4%
Q2 25
Q1 25
39.2%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
DSS
DSS
MWYN
MWYN
Q4 25
-98.1%
Q3 25
-50.6%
-115.8%
Q2 25
-64.8%
Q1 25
-75.2%
13.5%
Q4 24
-522.7%
Q3 24
-83.4%
Q2 24
-117.2%
Q1 24
-120.9%
Net Margin
DSS
DSS
MWYN
MWYN
Q4 25
-420.6%
Q3 25
-34.9%
-116.0%
Q2 25
-49.3%
Q1 25
-106.9%
3.8%
Q4 24
-606.7%
Q3 24
-94.4%
Q2 24
-111.2%
Q1 24
-105.2%
EPS (diluted)
DSS
DSS
MWYN
MWYN
Q4 25
Q3 25
$-0.16
Q2 25
Q1 25
$0.00
Q4 24
$-4.64
Q3 24
$-0.75
Q2 24
$-0.66
Q1 24
$-0.58

Balance Sheet & Financial Strength

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

Metric
DSS
DSS
MWYN
MWYN
Cash + ST InvestmentsLiquidity on hand
$8.9M
Total DebtLower is stronger
$44.7M
Stockholders' EquityBook value
$-832.0K
$2.3M
Total Assets
$67.6M
$11.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSS
DSS
MWYN
MWYN
Q4 25
$8.9M
Q3 25
$8.7M
Q2 25
$12.4M
Q1 25
$17.3M
$480
Q4 24
$14.3M
Q3 24
$18.9M
Q2 24
$20.3M
Q1 24
$17.7M
Total Debt
DSS
DSS
MWYN
MWYN
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
MWYN
MWYN
Q4 25
$-832.0K
Q3 25
$14.2M
$2.3M
Q2 25
$15.7M
Q1 25
$17.9M
$2.4M
Q4 24
$19.9M
Q3 24
$52.1M
Q2 24
$55.2M
Q1 24
$59.9M
Total Assets
DSS
DSS
MWYN
MWYN
Q4 25
$67.6M
Q3 25
$92.1M
$11.6M
Q2 25
$93.4M
Q1 25
$92.4M
$12.6M
Q4 24
$106.5M
Q3 24
$142.7M
Q2 24
$144.4M
Q1 24
$148.5M
Debt / Equity
DSS
DSS
MWYN
MWYN
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
MWYN
MWYN
Operating Cash FlowLast quarter
$-1.6M
$-95.1K
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
MWYN
MWYN
Q4 25
$-1.6M
Q3 25
$-8.0M
$-95.1K
Q2 25
$2.1M
Q1 25
$-1.6M
Q4 24
$-2.9M
Q3 24
$-315.0K
Q2 24
$-3.4M
Q1 24
$-2.1M
Free Cash Flow
DSS
DSS
MWYN
MWYN
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
MWYN
MWYN
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
MWYN
MWYN
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.

Revenue Breakdown by Segment

DSS
DSS

Segment breakdown not available.

MWYN
MWYN

Other$1.3M57%
Revenue From Recyclable Ewaste Materials Sales$1.0M43%

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