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Side-by-side financial comparison of DSS, INC. (DSS) and SMITH MICRO SOFTWARE, INC. (SMSI). Click either name above to swap in a different company.

DSS, INC. is the larger business by last-quarter revenue ($4.1M vs $4.0M, roughly 1.0× SMITH MICRO SOFTWARE, INC.). On growth, SMITH MICRO SOFTWARE, INC. posted the faster year-over-year revenue change (-20.0% vs -23.8%). Over the past eight quarters, DSS, INC.'s revenue compounded faster (3.2% CAGR vs -17.2%).

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.

Smith Micro Software, Inc., founded in 1982 by William W. Smith, Jr., is a developer and marketer of both enterprise and consumer-level software and services. Headquartered in Pittsburgh, Pennsylvania, Smith Micro maintains multiple domestic and international offices. United States locations include Aliso Viejo, California, and Pittsburgh, Pennsylvania. International offices are located throughout Europe and Asia. Currently, the company focuses on digital lifestyle solutions and security tech...

DSS vs SMSI — Head-to-Head

Bigger by revenue
DSS
DSS
1.0× larger
DSS
$4.1M
$4.0M
SMSI
Growing faster (revenue YoY)
SMSI
SMSI
+3.8% gap
SMSI
-20.0%
-23.8%
DSS
Faster 2-yr revenue CAGR
DSS
DSS
Annualised
DSS
3.2%
-17.2%
SMSI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DSS
DSS
SMSI
SMSI
Revenue
$4.1M
$4.0M
Net Profit
$-17.4M
Gross Margin
76.4%
Operating Margin
-98.1%
-109.8%
Net Margin
-420.6%
Revenue YoY
-23.8%
-20.0%
Net Profit YoY
47.2%
EPS (diluted)
$-0.15

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
SMSI
SMSI
Q4 25
$4.1M
$4.0M
Q3 25
$6.4M
$4.3M
Q2 25
$5.3M
$4.4M
Q1 25
$5.0M
$4.6M
Q4 24
$5.4M
$5.0M
Q3 24
$5.6M
$4.6M
Q2 24
$4.2M
$5.1M
Q1 24
$3.9M
$5.8M
Net Profit
DSS
DSS
SMSI
SMSI
Q4 25
$-17.4M
Q3 25
$-2.2M
$-4.5M
Q2 25
$-2.6M
$-15.1M
Q1 25
$-5.3M
$-5.2M
Q4 24
$-32.9M
Q3 24
$-5.3M
$-6.4M
Q2 24
$-4.7M
$-6.9M
Q1 24
$-4.1M
$-31.0M
Gross Margin
DSS
DSS
SMSI
SMSI
Q4 25
76.4%
Q3 25
73.9%
Q2 25
73.5%
Q1 25
72.8%
Q4 24
75.6%
Q3 24
71.6%
Q2 24
68.7%
Q1 24
65.7%
Operating Margin
DSS
DSS
SMSI
SMSI
Q4 25
-98.1%
-109.8%
Q3 25
-50.6%
-103.2%
Q2 25
-64.8%
-338.3%
Q1 25
-75.2%
-112.7%
Q4 24
-522.7%
-89.7%
Q3 24
-83.4%
-140.0%
Q2 24
-117.2%
-135.8%
Q1 24
-120.9%
-542.4%
Net Margin
DSS
DSS
SMSI
SMSI
Q4 25
-420.6%
Q3 25
-34.9%
-104.3%
Q2 25
-49.3%
-340.8%
Q1 25
-106.9%
-112.1%
Q4 24
-606.7%
Q3 24
-94.4%
-137.0%
Q2 24
-111.2%
-134.8%
Q1 24
-105.2%
-534.8%
EPS (diluted)
DSS
DSS
SMSI
SMSI
Q4 25
$-0.15
Q3 25
$-0.25
Q2 25
$-0.78
Q1 25
$-0.28
Q4 24
$-4.64
$0.54
Q3 24
$-0.75
$-0.54
Q2 24
$-0.66
$-0.66
Q1 24
$-0.58
$-3.28

Balance Sheet & Financial Strength

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

Metric
DSS
DSS
SMSI
SMSI
Cash + ST InvestmentsLiquidity on hand
$8.9M
$1.5M
Total DebtLower is stronger
$44.7M
Stockholders' EquityBook value
$-832.0K
$18.4M
Total Assets
$67.6M
$25.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSS
DSS
SMSI
SMSI
Q4 25
$8.9M
$1.5M
Q3 25
$8.7M
$1.4M
Q2 25
$12.4M
$1.4M
Q1 25
$17.3M
$2.3M
Q4 24
$14.3M
$2.8M
Q3 24
$18.9M
$1.5M
Q2 24
$20.3M
$5.6M
Q1 24
$17.7M
$6.2M
Total Debt
DSS
DSS
SMSI
SMSI
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
SMSI
SMSI
Q4 25
$-832.0K
$18.4M
Q3 25
$14.2M
$19.9M
Q2 25
$15.7M
$22.4M
Q1 25
$17.9M
$36.6M
Q4 24
$19.9M
$40.8M
Q3 24
$52.1M
$37.7M
Q2 24
$55.2M
$42.9M
Q1 24
$59.9M
$45.4M
Total Assets
DSS
DSS
SMSI
SMSI
Q4 25
$67.6M
$25.0M
Q3 25
$92.1M
$27.1M
Q2 25
$93.4M
$29.6M
Q1 25
$92.4M
$43.4M
Q4 24
$106.5M
$48.0M
Q3 24
$142.7M
$46.2M
Q2 24
$144.4M
$53.0M
Q1 24
$148.5M
$55.4M
Debt / Equity
DSS
DSS
SMSI
SMSI
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
SMSI
SMSI
Operating Cash FlowLast quarter
$-1.6M
$-2.2M
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
SMSI
SMSI
Q4 25
$-1.6M
$-2.2M
Q3 25
$-8.0M
$-2.1M
Q2 25
$2.1M
$-2.3M
Q1 25
$-1.6M
$-602.0K
Q4 24
$-2.9M
$-4.9M
Q3 24
$-315.0K
$-3.8M
Q2 24
$-3.4M
$-4.2M
Q1 24
$-2.1M
$-1.3M
Free Cash Flow
DSS
DSS
SMSI
SMSI
Q4 25
Q3 25
$-8.1M
$-2.2M
Q2 25
$2.0M
Q1 25
$-1.7M
$-606.0K
Q4 24
$-3.0M
$-4.9M
Q3 24
$-3.8M
Q2 24
$-3.5M
$-4.2M
Q1 24
$-2.2M
$-1.3M
FCF Margin
DSS
DSS
SMSI
SMSI
Q4 25
Q3 25
-126.5%
-49.6%
Q2 25
37.4%
Q1 25
-34.1%
-13.1%
Q4 24
-54.9%
-99.2%
Q3 24
-82.2%
Q2 24
-81.9%
-82.0%
Q1 24
-55.6%
-23.3%
Capex Intensity
DSS
DSS
SMSI
SMSI
Q4 25
Q3 25
1.3%
0.5%
Q2 25
1.7%
Q1 25
1.0%
0.1%
Q4 24
1.9%
0.1%
Q3 24
0.0%
0.1%
Q2 24
0.6%
0.1%
Q1 24
0.1%
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.

SMSI
SMSI

Family Safety$3.2M80%
Other$797.0K20%

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