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

Virgin Galactic Holdings, Inc is the larger business by last-quarter revenue ($4.2M vs $4.1M, roughly 1.0× DSS, INC.). DSS, INC. runs the higher net margin — -420.6% vs -2222.2%, a 1801.5% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% 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.

Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.

DSS vs SPCE — Head-to-Head

Bigger by revenue
SPCE
SPCE
1.0× larger
SPCE
$4.2M
$4.1M
DSS
Growing faster (revenue YoY)
SPCE
SPCE
+149.4% gap
SPCE
125.5%
-23.8%
DSS
Higher net margin
DSS
DSS
1801.5% more per $
DSS
-420.6%
-2222.2%
SPCE

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
DSS
DSS
SPCE
SPCE
Revenue
$4.1M
$4.2M
Net Profit
$-17.4M
$-93.8M
Gross Margin
-546.6%
Operating Margin
-98.1%
-2412.1%
Net Margin
-420.6%
-2222.2%
Revenue YoY
-23.8%
125.5%
Net Profit YoY
47.2%
30.2%
EPS (diluted)
$-4.36

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
SPCE
SPCE
Q4 25
$4.1M
Q3 25
$6.4M
Q2 25
$5.3M
Q1 25
$5.0M
Q4 24
$5.4M
Q3 24
$5.6M
Q2 24
$4.2M
$4.2M
Q1 24
$3.9M
$2.0M
Net Profit
DSS
DSS
SPCE
SPCE
Q4 25
$-17.4M
Q3 25
$-2.2M
Q2 25
$-2.6M
Q1 25
$-5.3M
Q4 24
$-32.9M
Q3 24
$-5.3M
Q2 24
$-4.7M
$-93.8M
Q1 24
$-4.1M
$-102.0M
Gross Margin
DSS
DSS
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-546.6%
Q1 24
-1038.1%
Operating Margin
DSS
DSS
SPCE
SPCE
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%
-2412.1%
Q1 24
-120.9%
-5599.9%
Net Margin
DSS
DSS
SPCE
SPCE
Q4 25
-420.6%
Q3 25
-34.9%
Q2 25
-49.3%
Q1 25
-106.9%
Q4 24
-606.7%
Q3 24
-94.4%
Q2 24
-111.2%
-2222.2%
Q1 24
-105.2%
-5139.1%
EPS (diluted)
DSS
DSS
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-4.64
Q3 24
$-0.75
Q2 24
$-0.66
$-4.36
Q1 24
$-0.58
$-5.10

Balance Sheet & Financial Strength

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

Metric
DSS
DSS
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$8.9M
$775.7M
Total DebtLower is stronger
$44.7M
Stockholders' EquityBook value
$-832.0K
$394.8M
Total Assets
$67.6M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSS
DSS
SPCE
SPCE
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
$775.7M
Q1 24
$17.7M
$765.2M
Total Debt
DSS
DSS
SPCE
SPCE
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
SPCE
SPCE
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
$394.8M
Q1 24
$59.9M
$417.6M
Total Assets
DSS
DSS
SPCE
SPCE
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
$1.1B
Q1 24
$148.5M
$1.1B
Debt / Equity
DSS
DSS
SPCE
SPCE
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
SPCE
SPCE
Operating Cash FlowLast quarter
$-1.6M
$-79.1M
Free Cash FlowOCF − Capex
$-113.5M
FCF MarginFCF / Revenue
-2690.7%
Capex IntensityCapex / Revenue
815.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-458.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DSS
DSS
SPCE
SPCE
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
$-79.1M
Q1 24
$-2.1M
$-113.2M
Free Cash Flow
DSS
DSS
SPCE
SPCE
Q4 25
Q3 25
$-8.1M
Q2 25
$2.0M
Q1 25
$-1.7M
Q4 24
$-3.0M
Q3 24
Q2 24
$-3.5M
$-113.5M
Q1 24
$-2.2M
$-126.3M
FCF Margin
DSS
DSS
SPCE
SPCE
Q4 25
Q3 25
-126.5%
Q2 25
37.4%
Q1 25
-34.1%
Q4 24
-54.9%
Q3 24
Q2 24
-81.9%
-2690.7%
Q1 24
-55.6%
-6362.8%
Capex Intensity
DSS
DSS
SPCE
SPCE
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%
815.5%
Q1 24
0.1%
658.5%

Financial Flow Comparison

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

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