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DSS, Inc. (DSS) stock

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NYSE: DSS NYSE Paper & Plastic Packaging Products & Materials

E Fundamentals grade

DSS, Inc. is a US-listed company in the paper & plastic packaging products & materials industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.9

Price-to-sales vs peers

Base case. Range ~$0.7–$1.8. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

DSS, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds6 adding, 7 cuttingOf 3 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter DSS files

Where DSS stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $18m, down 13.2% on a year earlier, a steeper fall than the 0.2% decline a quarter earlier. That puts it 10 of 10 for growth among the paper & plastic packaging products & materials companies we cover. Free-cash-flow margin fell to -59.6% from -18.3% a year earlier. Operating margin widened to -89.7% from -188.8%. The diluted share count is up 9.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 0 of our 5 financial-health checks. Our price-to-sales vs peers value is $0.70 a share, against a share price of $0.52.

Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

DSS, Inc.'s trailing-twelve-month revenue fell 13.2% year on year, with a free-cash-flow margin of -59.6%. Where it stands out: long-term debt as % of assets of 7.7% ranks 1 of 11 paper & plastic packaging products & materials companies we cover. Where it lags: revenue growth of -13.2% ranks 11 of 11 paper & plastic packaging products & materials companies we cover.

Current signal Net income rising while operating cash flow falls: TTM net income grew 38.7% while operating cash flow fell 192.8% — earnings and cash are telling different stories.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 99.1 points on a year ago.

Things to watch

  • Revenue shrinking. Revenue fell 13.2% over the last 12 months.
  • Growth slowing. The growth rate is 13.0 points lower than a quarter earlier.
  • Loss-making. Operating margin is -89.7%: costs exceed revenue.
  • Burning cash. Free cash flow was -59.6% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 15.7% of revenue, against a median of 0.4% for paper & plastic packaging products & materials companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 9.9% in a year.

Latest results: FY2026 Q2

Filed August 14, 2026
Earnings per share
-$0.48 against an average estimate of -$0.30: missed by 60.0%
Revenue
$4m, down 31.8% on a year earlier

DSS's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.8%
  • 1 week-0.2%
  • 1 month-21.5%
  • This year-46.0%
  • 1 year-55.7%
  • 5 years-97.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$18.5M
Operating margin
-89.7%
Net margin
-149.8%
EPS (TTM, diluted)
$-2.92

Growth

Revenue growth
−13.2%
Change in growth rate
−13.0 pts
Share count change
+9.9%

Cash

Free cash flow (TTM)
-$11M
FCF margin
-59.6%
Stock pay % of revenue
15.7%

Earnings

Last results
April 1, 2021

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

DSS, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value DSS, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 7.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.6 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.9 ~$0.7–$1.8 Included, half weight
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.9 ~$0.7–$1.8 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare DSS, Inc. with Paper & Plastic Packaging Products & Materials in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$381.06$371.03$1002.79$408.36$167.69$115.88$12.48$3.05$2.40$0.90$0.93$0.50
Market value$65m$69.0bn$205.7bn$98.3bn$60.8bn$298m$32m$17m$17m$7m$8m$5m
+ Net debt (− = net cash)$0$580166$2m$10576$2m−$3m$3m$41m$49m$46m$39m$33m
Enterprise value$65m$69.0bn$205.7bn$98.3bn$60.8bn$295m$35m$58m$65m$53m$47m$38m
Multiples
Price / sales 3.7xn/mn/mn/mn/m19.4x1.6x0.6x0.6x0.4x0.4x0.3x
Price / earnings ———n/m—156.7x——————
Price / free cash flow —n/m——————————
EV / EBITDA —n/mn/m—————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

38 /100

Weak moat

How hard DSS's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -10.7% of total assets over 5 years.

  • Pricing power 7 / 20

    Gross margin has been a median 32.9%, moving by 6.7 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -89.1%; its worst year was -259.0%.

  • Cash conversion 1 / 20

    Free cash flow was positive in 1 of 10 years, at a median -32.8% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 25.5% over five years; stock-based pay has been a median 1.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.38 +48% $20m −6%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.5% on 90 days ago. In the last 30 days, 0 analysts raised DSS, Inc.'s forecast and 1 cut it.

Consensus EPS forecast DSS, Inc., last 90 days
−$1.50 −$1.00 −$0.50 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$1.36 Current fiscal year, 60 days ago: −$1.36 Current fiscal year, 30 days ago: −$1.36 Current fiscal year, 7 days ago: −$1.36 Current fiscal year, Now: −$1.38 −$1.38

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal year
90 days ago −$1.36
60 days ago −$1.36
30 days ago −$1.36
7 days ago −$1.36
Now −$1.38

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.30 −$0.48 −60.0%
Dec 2025 −$0.38 −$1.63 −329.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, April 1, 2021

No numeric guidance in DSS, Inc.'s latest earnings release (filed April 1, 2021). Some companies give their outlook only on the earnings call.

Positioning

Short interest
1.4%
of tradable shares
Days to cover
1.22
at average volume
Short interest, 1 month
−81%
to October 15, 2026
Held by institutions
4%
of shares
Held by insiders
59.7%
of shares
Employees
102
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −55.7%

$1.13 on October 31, 2025 to $0.50

ThenNowEffect
Revenue (last 12 months) $21m $18m −13.2%
P/S multiple 0.5x 0.3x −43.9%
Share count 9m 9m −9.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −83.6%

$3.06 on November 3, 2023 to $0.50

ThenNowEffect
Revenue (last 12 months) $23m $18m −21.4%
P/S multiple 0.9x 0.3x −71.5%
Share count 7m 9m −26.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DSS−89%−76%−21%−63%+3%−46%
Industry peers (median)+6%−15%+1%+3%−17%−2%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DSS17%25%25%17%50%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DSS−90%−78%−71%−69%−46%−70%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 100% from December 18, 2017 to June 8, 2026. Getting back needed a 342121% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.42 – $1.39
From 52-week high
−64.0%
vs 50-day average
−20.6%
vs 200-day average
−28.5%
Volatility (1 year)
106%
Beta vs S&P 500
0.33

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±3.9%
After a week
8 up, 4 down
typical move ±14.7%
After a month
6 up, 6 down
typical move ±21.8%
Results releasedNext dayS&P 500 next day5 days21 days
April 1, 2021 +1.9% +2.5% −5.0% −16.3%
April 6, 2020 −5.0% +6.8% +13.9% +42.1%
May 15, 2018 +0.8% −0.3% +13.2% +3.9%
March 6, 2018 −4.6% +0.2% +6.4% +21.1%
November 14, 2017 −6.2% −0.7% +27.7% +90.8%
August 14, 2017 −4.8% +1.0% +4.9% +12.0%
May 15, 2017 −2.9% +0.5% −8.6% −21.0%
March 28, 2017 +7.6% +0.8% +1.8% −5.4%
November 14, 2016 0.0% +0.9% +71.2% +35.4%
August 15, 2016 +1.1% −0.2% −5.6% −1.7%
May 17, 2016 +5.0% −0.9% +5.0% −6.4%
March 30, 2016 −7.5% +0.2% −12.5% −5.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

DSS, Inc. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) DSS, Inc.
$15M $20M $25M $30M $35M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $15.8M Revenue (TTM), FY23 Q4: $30.4M Revenue (TTM), FY24 Q1: $22.3M Revenue (TTM), FY24 Q2: $19.3M Revenue (TTM), FY24 Q3: $20.7M Revenue (TTM), FY24 Q4: $19.1M Revenue (TTM), FY25 Q1: $20.2M Revenue (TTM), FY25 Q2: $21.3M Revenue (TTM), FY25 Q3: $22M Revenue (TTM), FY25 Q4: $20.8M Revenue (TTM), FY26 Q1: $20.1M Revenue (TTM), FY26 Q2: $18.5M $18.5M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $15.8M
FY23 Q4 $30.4M
FY24 Q1 $22.3M
FY24 Q2 $19.3M
FY24 Q3 $20.7M
FY24 Q4 $19.1M
FY25 Q1 $20.2M
FY25 Q2 $21.3M
FY25 Q3 $22M
FY25 Q4 $20.8M
FY26 Q1 $20.1M
FY26 Q2 $18.5M
Revenue growth, TTM YoY DSS, Inc.
-100% -50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -63.3% Revenue growth, TTM YoY, FY23 Q4: 6.9% Revenue growth, TTM YoY, FY24 Q1: -20.4% Revenue growth, TTM YoY, FY24 Q2: -17.9% Revenue growth, TTM YoY, FY24 Q3: 31.0% Revenue growth, TTM YoY, FY24 Q4: -37.1% Revenue growth, TTM YoY, FY25 Q1: -9.5% Revenue growth, TTM YoY, FY25 Q2: 10.3% Revenue growth, TTM YoY, FY25 Q3: 6.5% Revenue growth, TTM YoY, FY25 Q4: 8.7% Revenue growth, TTM YoY, FY26 Q1: -0.2% Revenue growth, TTM YoY, FY26 Q2: -13.2% -13.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -63.3%
FY23 Q4 6.9%
FY24 Q1 -20.4%
FY24 Q2 -17.9%
FY24 Q3 31.0%
FY24 Q4 -37.1%
FY25 Q1 -9.5%
FY25 Q2 10.3%
FY25 Q3 6.5%
FY25 Q4 8.7%
FY26 Q1 -0.2%
FY26 Q2 -13.2%
Operating margin (TTM) DSS, Inc.
-300% -200% -100% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -82.7% Operating margin (TTM), FY23 Q4: -172.4% Operating margin (TTM), FY24 Q1: -230.7% Operating margin (TTM), FY24 Q2: -259.0% Operating margin (TTM), FY24 Q3: -239.2% Operating margin (TTM), FY24 Q4: -223.0% Operating margin (TTM), FY25 Q1: -206.3% Operating margin (TTM), FY25 Q2: -188.8% Operating margin (TTM), FY25 Q3: -175.5% Operating margin (TTM), FY25 Q4: -69.5% Operating margin (TTM), FY26 Q1: -80.4% Operating margin (TTM), FY26 Q2: -89.7% -89.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -82.7%
FY23 Q4 -172.4%
FY24 Q1 -230.7%
FY24 Q2 -259.0%
FY24 Q3 -239.2%
FY24 Q4 -223.0%
FY25 Q1 -206.3%
FY25 Q2 -188.8%
FY25 Q3 -175.5%
FY25 Q4 -69.5%
FY26 Q1 -80.4%
FY26 Q2 -89.7%
FCF margin (TTM) DSS, Inc.
-200% -150% -100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -164.1% FCF margin (TTM), FY23 Q4: -65.9% FCF margin (TTM), FY24 Q1: -33.1% FCF margin (TTM), FY24 Q2: -27.4% FCF margin (TTM), FY24 Q3: -20.4% FCF margin (TTM), FY24 Q4: -46.6% FCF margin (TTM), FY25 Q1: -32.8% FCF margin (TTM), FY25 Q2: -18.3% FCF margin (TTM), FY25 Q3: -48.9% FCF margin (TTM), FY25 Q4: -45.3% FCF margin (TTM), FY26 Q1: -48.9% FCF margin (TTM), FY26 Q2: -59.6% -59.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -164.1%
FY23 Q4 -65.9%
FY24 Q1 -33.1%
FY24 Q2 -27.4%
FY24 Q3 -20.4%
FY24 Q4 -46.6%
FY25 Q1 -32.8%
FY25 Q2 -18.3%
FY25 Q3 -48.9%
FY25 Q4 -45.3%
FY26 Q1 -48.9%
FY26 Q2 -59.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 13 13 17 17 18 18 19 19 19 16 15 20 28 26 19 21 18
Gross profit 4 4 6 — — — — 8 7 3 — 3 −9 — — — —
EBITDA −3 −3 −3 −5 −41 −13 1 1 −0 −1 −10 −19 −18 −46 −40 −12 −13
Operating income −4 −3 −4 −8 −46 −14 −1 −0 −2 −3 −11 −24 −30 −51 −43 −14 −17
Net income −3 −3 −4 3 −41 −14 −1 −1 1 −3 2 −33 −60 −61 −47 −24 −28
Diluted EPS −$0.01 −$47.81 −$0.02 $0.01 −$275.63 −$84.38 −$0.01 −$0.00 $0.01 −$0.26 $0.07 −$13.60 −$6.84 −$8.20 −$6.63 — −$2.92
Growth (year on year)
Revenue — +0.0% +27.9% +2.0% +4.8% −4.3% +9.6% −2.7% −0.8% −16.0% −1.2% +31.9% +40.0% −8.6% −26.4% +8.7% −13.2%
EBITDA — — — — — — — +62.3% −135.9% — — — — — — — —
Net income — — — — <−999% — — — — −297.2% — <−999% — — — — —
Diluted EPS — — — — <−999% — — — — <−999% — <−999% — — — — —
Margins
Gross margin 27.5% 31.2% 33.5% — — — — 41.0% 36.0% 19.0% — 17.0% −32.0% — — — —
EBITDA margin −19.7% −20.2% −17.1% −29.7% −225.3% −71.5% 3.8% 6.4% −2.3% −9.4% −67.4% −94.7% −62.7% −175.7% −211.3% −55.6% −72.9%
Operating margin −29.1% −26.0% −22.1% −46.7% −254.2% −80.5% −3.4% −1.2% −9.2% −16.8% −74.4% −116.0% −105.6% −195.8% −223.1% −69.5% −89.7%
Net margin −25.9% −24.1% −25.0% 14.9% −225.1% −81.7% −5.0% −3.1% 7.9% −18.6% 12.4% −163.3% −210.8% −233.8% −245.6% −115.3% −149.8%
Free-cash-flow margin −14.3% −19.8% −19.9% −23.1% −14.6% −6.5% 27.1% −12.0% −12.9% −40.4% −46.5% −114.9% −101.5% −77.2% −46.6% −45.3% −59.6%
Cash flow
Cash from operations −2 −2 −3 −4 −2 −1 5 −1 −1 −5 −7 −9 −27 −19 −9 −9 −11
Capital spending 0 1 0 0 0 0 0 1 1 1 0 14 2 1 0 0 0
Free cash flow −2 −3 −3 −4 −3 −1 5 −2 −2 −6 −7 −23 −29 −20 −9 −9 −11
Stock-based pay 0 0 1 2 1 1 0 0 0 0 0 0 0 0 0 0 3
Free cash flow after stock pay −2 −3 −4 −6 −4 −2 5 −2 −3 −7 −7 −23 −29 −20 −9 −9 −14
Balance sheet
Cash 4 — — — — — 6 4 2 1 5 57 16 7 11 6 4
Total debt 2 4 3 5 8 8 6 6 2 3 2 60 57 55 57 45 37
Net debt (negative = net cash) −2 — — — — — 1 2 0 2 −3 3 41 49 46 39 33
Diluted shares — — — — — — 186m 205m 241m 363m 3m 3m 6m 7m 8m 9m 9m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 5 checks passed · June 30, 2026
What it owns · $68m
Short-term assets $9mLonger-term assets $59m
What it owes, and who funded it · $60m
Short-term liabilities $49mLonger-term liabilities $11mShareholders' equity $-0m
  • Short-term assets cover short-term liabilities $9m of assets due within a year against $49m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $9m short-term assets against $11m of longer-dated liabilities.
  • More cash than debt $4m of cash against $5m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$11m of operating cash flow against $5m of debt.
  • Operating profit covers interest at least five times over Operating income of −$17m against $238,000 of interest.

From DSS, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+9.9%
year over year
Sales & admin spending
68.9%
of revenue
Days sales outstanding
25 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in paper & plastic packaging products & materials
Last 12 months unless stated DSS PACK CLW MATV SON GPK Median
Revenue, last 12 months $18m $420m $1.5bn $2.0bn $7.4bn $8.6bn $8.6bn
Revenue growth, last 12 months −13.2% 8.3% −3.2% 1.1% 3.6% 0.0% 3.6%
Revenue growth, 3-year average −7.7% 8.9% 43.6% −2.6% 18.9% −3.7% 6.0%
Revenue growth, latest quarter −31.8% 2.3% −3.5% 1.2% −4.2% −0.7% 1.1%
Gross margin 16.9% 33.8% 1.8% 19.4% 20.2% 15.5% 20.0%
Operating margin −89.7% −1.7% −1.6% 3.5% 2.7% 5.8% 4.1%
Operating margin, 3-year average −179.2% −4.2% −3.2% −12.8% 5.3% 9.9% 5.7%
Net margin −149.8% −8.3% 0.2% 4.5% −3.1% 2.2% 1.6%
Cash from operations / revenue −57.8% 10.5% 7.0% 8.1% 8.6% 9.2% 9.2%
Free-cash-flow margin −59.6% 8.7% 3.8% 6.4% 4.8% 2.7% 4.8%
Free-cash-flow margin, 3-year average −35.1% 7.2% −0.2% 4.1% 5.0% 3.3% 4.6%
Stock pay / revenue 15.7% 1.2% 0.3% 0.4% 0.2% 0.2% 0.4%
Change in share count 9.9% 1.5% −1.9% 1.0% 0.4% −1.8% 0.7%

Median of all 11 companies we cover in paper & plastic packaging products & materials. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

11 paper & plastic packaging products & materials companies
Measure Company Peer median Rank
Revenue growth Growth -13.2% 3.6% 11 of 11
Change in growth rate Growth -13.0pp -1.5pp 8 of 11
Operating margin Profitability -89.7% 3.5% 9 of 9
Net margin Profitability -149.8% 1.6% 11 of 11
Free-cash-flow margin Cash generation -59.6% 4.8% 11 of 11
Stock pay as % of revenue Cash generation 15.7% 0.4% 11 of 11
Long-term debt as % of assets Balance sheet 7.7% 36.0% 1 of 11
Change in share count Balance sheet 9.9% 1.0% 7 of 9
Days sales outstanding Balance sheet 25 days 55 days 2 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Product Packaging $18.1M ▲ 12.7%
Securities $2.5M ▼ 8.7%
Securities Revenue Information $2.5M ▼ 8.7%
Commercial Banking $45,000 ▼ 80.1%
Commercial Lending Revenue Information $45,000 ▼ 80.1%
Biotechnology $38,000 —
Biotechnology Revenue Information $38,000 —

These categories overlap or exclude eliminations, so shares aren't shown.

Products and services
Line of business Revenue Share YoY
Printed Products Revenue Information $18.1M 87.4% ▲ 12.7%
Printed Products $18.1M 99.6% ▲ 12.3%
Commercial Lending $45,000 0.2% ▼ 80.1%
Commission $1.4M 6.5% ▲ 39.2%
Rental Income $1.2M 5.9% ▼ 31.0%
Biotechnology $38,000 0.2% —

From DSS, Inc.'s 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$251,821
Institutions reporting
15
Shares held vs prior quarter
▲ 89.9%
Positions opened / closed
4 / 5

Top buyers and sellers, Q2 2026: 6 institutions bought and 7 sold ; the biggest buyer was HRT Financial LP (+208K shares) and the biggest seller Geode Capital Management, LLC (−26K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
HRT Financial LP $123,000 208K 48.8% New
Vanguard Capital Management LLC $34,239 58K 13.6% 0.0%
UBS Group AG $32,779 56K 13.0% ▲ 11450.5%
Geode Capital Management, LLC $16,462 28K 6.5% ▼ 48.7%
Renaissance Technologies LLC $15,958 27K 6.3% ▼ 27.4%
Blackrock, Inc. $12,376 21K 4.9% 0.0%
Xtx Topco Ltd $8,451 14K 3.4% New
Tower Research Capital LLC (TRC) $4,441 8K 1.8% ▲ 45.7%
Vanguard Fiduciary Trust Co $4,013 7K 1.6% 0.0%
Wells Fargo & Company $93 0K 0.0% 0.0%
FMR LLC $5 0K 0.0% New
Danske Bank A/S $1 0K 0.0% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not DSS, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $19,020 2 trades by 2 insiders · 0% under pre-set plans
Net ▼ $19,020 net selling
Insider Date Trade Shares Price Value
Dss, Inc. 10% owner September 24, 2026 Sell 156 $7.06 $1,101
Chan Heng Fai Ambrose Director September 3, 2026 Sell 21,852 $0.82 $17,919

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around July 12, 2021 estimated from the company's past filing pattern, not announced

  • April 1, 2021
  • April 6, 2020
  • May 15, 2018
  • March 6, 2018
  • November 14, 2017
  • August 14, 2017

Recent SEC filings

Data status

When each part of this page on DSS, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

DSS, Inc. in brief

What does DSS, Inc. do?
DSS, Inc. is a US-listed company in the paper & plastic packaging products & materials industry. Its financial year ends in December.
What is DSS, Inc.'s stock ticker?
DSS, Inc. trades under the ticker DSS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is DSS, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, DSS, Inc. reported revenue of $18.5M, 13.2% lower than a year earlier, according to its SEC filings.
What is DSS, Inc.'s free cash flow?
DSS, Inc.'s free-cash-flow margin is -59.6% of revenue over the trailing twelve months, ranking 11 of the 11 paper & plastic packaging products & materials companies we cover.
Who are DSS, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are HRT Financial LP, Vanguard Capital Management LLC and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is DSS, Inc.'s market cap?
On November 2, 2026, DSS, Inc.'s market capitalisation was about $4.7M and net debt of $33.1M. Market figures come from third-party market data and may be delayed.
Who are DSS, Inc.'s competitors?
In our Paper & Plastic Packaging Products & Materials peer group, the companies closest to DSS, Inc. are Ranpak Holdings Corp., Clearwater Paper Corp, Mativ Holdings, Inc., Sonoco Products Co and Graphic Packaging Holding Co. The side-by-side comparison below sets their revenue, margins and growth against DSS, Inc.'s.
Are insiders buying or selling DSS, Inc. stock?
Over the last 12 months, DSS, Inc.'s directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.