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Side-by-side financial comparison of DSS, INC. (DSS) and NORTH EUROPEAN OIL ROYALTY TRUST (NRT). Click either name above to swap in a different company.

DSS, INC. is the larger business by last-quarter revenue ($4.1M vs $2.2M, roughly 1.8× NORTH EUROPEAN OIL ROYALTY TRUST). NORTH EUROPEAN OIL ROYALTY TRUST runs the higher net margin — 87.2% vs -420.6%, a 507.8% gap on every dollar of revenue. On growth, NORTH EUROPEAN OIL ROYALTY TRUST posted the faster year-over-year revenue change (329.5% 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.

North European Oil Royalty Trust is a publicly traded royalty trust holding overriding royalty interests in North Sea oil and gas producing properties. It earns revenue from its assets' production sales, distributing nearly all net income to unitholders regularly, with no active drilling or exploration operations.

DSS vs NRT — Head-to-Head

Bigger by revenue
DSS
DSS
1.8× larger
DSS
$4.1M
$2.2M
NRT
Growing faster (revenue YoY)
NRT
NRT
+353.3% gap
NRT
329.5%
-23.8%
DSS
Higher net margin
NRT
NRT
507.8% more per $
NRT
87.2%
-420.6%
DSS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DSS
DSS
NRT
NRT
Revenue
$4.1M
$2.2M
Net Profit
$-17.4M
$1.9M
Gross Margin
Operating Margin
-98.1%
Net Margin
-420.6%
87.2%
Revenue YoY
-23.8%
329.5%
Net Profit YoY
47.2%
581.3%
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
NRT
NRT
Q1 26
$2.2M
Q4 25
$4.1M
Q3 25
$6.4M
Q2 25
$5.3M
Q1 25
$5.0M
$519.4K
Q4 24
$5.4M
Q3 24
$5.6M
Q2 24
$4.2M
Net Profit
DSS
DSS
NRT
NRT
Q1 26
$1.9M
Q4 25
$-17.4M
Q3 25
$-2.2M
Q2 25
$-2.6M
Q1 25
$-5.3M
$285.5K
Q4 24
$-32.9M
Q3 24
$-5.3M
Q2 24
$-4.7M
Operating Margin
DSS
DSS
NRT
NRT
Q1 26
Q4 25
-98.1%
Q3 25
-50.6%
Q2 25
-64.8%
Q1 25
-75.2%
Q4 24
-522.7%
Q3 24
-83.4%
Q2 24
-117.2%
Net Margin
DSS
DSS
NRT
NRT
Q1 26
87.2%
Q4 25
-420.6%
Q3 25
-34.9%
Q2 25
-49.3%
Q1 25
-106.9%
55.0%
Q4 24
-606.7%
Q3 24
-94.4%
Q2 24
-111.2%
EPS (diluted)
DSS
DSS
NRT
NRT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-4.64
Q3 24
$-0.75
Q2 24
$-0.66

Balance Sheet & Financial Strength

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

Metric
DSS
DSS
NRT
NRT
Cash + ST InvestmentsLiquidity on hand
$8.9M
$3.9M
Total DebtLower is stronger
$44.7M
Stockholders' EquityBook value
$-832.0K
Total Assets
$67.6M
$3.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSS
DSS
NRT
NRT
Q1 26
$3.9M
Q4 25
$8.9M
Q3 25
$8.7M
Q2 25
$12.4M
Q1 25
$17.3M
Q4 24
$14.3M
Q3 24
$18.9M
Q2 24
$20.3M
Total Debt
DSS
DSS
NRT
NRT
Q1 26
Q4 25
$44.7M
Q3 25
$50.2M
Q2 25
$43.9M
Q1 25
$49.3M
Q4 24
$57.2M
Q3 24
Q2 24
Stockholders' Equity
DSS
DSS
NRT
NRT
Q1 26
Q4 25
$-832.0K
Q3 25
$14.2M
Q2 25
$15.7M
Q1 25
$17.9M
Q4 24
$19.9M
Q3 24
$52.1M
Q2 24
$55.2M
Total Assets
DSS
DSS
NRT
NRT
Q1 26
$3.9M
Q4 25
$67.6M
Q3 25
$92.1M
Q2 25
$93.4M
Q1 25
$92.4M
Q4 24
$106.5M
Q3 24
$142.7M
Q2 24
$144.4M
Debt / Equity
DSS
DSS
NRT
NRT
Q1 26
Q4 25
Q3 25
3.54×
Q2 25
2.80×
Q1 25
2.76×
Q4 24
2.87×
Q3 24
Q2 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
NRT
NRT
Operating Cash FlowLast quarter
$-1.6M
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
NRT
NRT
Q1 26
Q4 25
$-1.6M
Q3 25
$-8.0M
Q2 25
$2.1M
Q1 25
$-1.6M
Q4 24
$-2.9M
Q3 24
$-315.0K
Q2 24
$-3.4M
Free Cash Flow
DSS
DSS
NRT
NRT
Q1 26
Q4 25
Q3 25
$-8.1M
Q2 25
$2.0M
Q1 25
$-1.7M
Q4 24
$-3.0M
Q3 24
Q2 24
$-3.5M
FCF Margin
DSS
DSS
NRT
NRT
Q1 26
Q4 25
Q3 25
-126.5%
Q2 25
37.4%
Q1 25
-34.1%
Q4 24
-54.9%
Q3 24
Q2 24
-81.9%
Capex Intensity
DSS
DSS
NRT
NRT
Q1 26
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%

Financial Flow Comparison

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

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