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DMRC logoDigimarc Corporation(DMRC)Earnings, Financials & Key Ratios

DMRC•NASDAQ
$8.58
$188M mkt cap·Price updated May 7, 2026
SectorTechnologyIndustryIT ServicesSub-IndustryData, AI, and IoT Platforms
AboutDigimarc Corporation provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc watermarks, a data carrier that provides a digital identity to media objects; Digimarc Discover, a software for computing devices and network interfaces that recognize and decode indicia of the identity of media; and Digimarc Verify, a suite of software tools used to inspect and verify that the identification and discovery of media. Its solutions are used in various application solutions, such as product authentication of physical products; sorting of consumer-packaged goods in recycling streams; track and trace of products within the supply chain; quality control in manufacturing processes; inventory management and planogram compliance; retail point of sale transaction processing; piracy deterrence of digital media objects; content identification and media management; and enhanced services in support of mobile commerce. The company offers its solutions through its sales personnel and business partners. Digimarc Corporation was incorporated in 2008 and is based in Beaverton, Oregon.Show more
  • Revenue$34M-11.7%
  • EBITDA-$32M+5.0%
  • Net Income-$32M+17.2%
  • EPS (Diluted)-1.49+18.6%
  • Gross Margin61.62%-2.3%
  • EBITDA Margin-94.45%-7.6%
  • Operating Margin-94.45%+12.2%
  • Net Margin-95.27%+6.2%
  • ROE-63.61%-0.5%
  • ROIC-53.56%+12.3%
  • Debt/Equity0.11+9.8%
Technical→

DMRC Key Insights

Digimarc Corporation (DMRC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 81 (top 19%)

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

DMRC Price & Volume

Digimarc Corporation (DMRC) stock price & volume — 10-year historical chart

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DMRC Growth Metrics

Digimarc Corporation (DMRC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.33%
5 Years7.17%
3 Years3.94%
TTM-11.73%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM17.18%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM18.03%

Return on Capital

10 Years-53.21%
5 Years-61.44%
3 Years-58.37%
Last Year-57.59%

DMRC Recent Earnings

Digimarc Corporation (DMRC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Mar 11, 2026
EPS
$0.05
Est $0.24
+120.8%
Revenue
$9M
Est $8M
+8.6%
Q4 2025
Oct 30, 2025
EPS
$0.10
Est $0.01
-566.7%
Revenue
$8M
Est $8M
-7.3%
Q3 2025
Aug 14, 2025
EPS
$0.11
Est $0.05
-120.0%
Revenue
$8M
Est $8M
-4.9%
Q2 2025
May 5, 2025
EPS
$0.40
Est $0.27
-48.1%
Revenue
$9M
Est $8M
+14.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 11, 2026
$0.05vs $0.24+120.8%
$9Mvs $8M+8.6%
Q4 2025Oct 30, 2025
$0.10vs $0.01-566.7%
$8Mvs $8M-7.3%
Q3 2025Aug 14, 2025
$0.11vs $0.05-120.0%
$8Mvs $8M-4.9%
Q2 2025May 5, 2025
$0.40vs $0.27-48.1%
$9Mvs $8M+14.3%
Based on last 12 quarters of dataView full earnings history →

DMRC Peer Comparison

Digimarc Corporation (DMRC) competitors in Data, AI, and IoT Platforms — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
IPGP logoIPGPIPG Photonics CorporationDirect Competitor4.31B101.63139.222.73%2.78%1.37%
FORM logoFORMFormFactor, Inc.Direct Competitor11.28B144.68209.682.8%8.14%6.68%0.04
VERI logoVERIVeritone, Inc.Direct Competitor147.57M2.08-2.12-7.35%-42.6%-260.71%8.91
IDAI logoIDAIT Stamp Inc.Direct Competitor2.75M2.49-0.22-32.41%-316.35%-189.51%1.30
CGNT logoCGNTCognyte Software Ltd.Product Competitor792.63M11.00-64.7111.88%-1.2%-2%0.16
PRDO logoPRDOPerdoceo Education CorporationProduct Competitor2.16B34.4414.2324.2%19.91%17.21%0.11
ATEN logoATENA10 Networks, Inc.Product Competitor1.96B27.2647.8211.03%14.9%21.19%1.05
VRNS logoVRNSVaronis Systems, Inc.Product Competitor3.37B28.68-25.3813.17%-20.71%-27.37%0.96

Compare DMRC vs Peers

Digimarc Corporation (DMRC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IPGP

Most directly comparable listed peer for DMRC.

Scale Benchmark

vs CCL

Larger-name benchmark to compare DMRC against a more recognizable public peer.

Peer Set

Compare Top 5

vs IPGP, FORM, VERI, IDAI

DMRC Income Statement

Digimarc Corporation (DMRC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue25.21M21.19M22.99M23.99M26.52M30.2M34.85M38.42M33.91M
Revenue Growth %15.69%-15.95%8.47%4.36%10.55%13.87%15.41%10.23%-11.73%
Cost of Goods Sold8.56M8.43M8.04M7.93M8.78M14.87M14.69M14.18M13.02M
COGS % of Revenue33.94%39.76%34.96%33.07%33.1%49.26%42.14%36.91%38.38%
Gross Profit
16.66M▲ 0%
12.77M▼ 23.4%
14.95M▲ 17.1%
16.06M▲ 7.4%
17.74M▲ 10.5%
15.32M▼ 13.6%
20.16M▲ 31.6%
24.24M▲ 20.2%
20.9M▼ 13.8%
Gross Margin %66.06%60.24%65.04%66.93%66.9%50.74%57.86%63.09%61.62%
Gross Profit Growth %25.26%-23.35%17.12%7.39%10.51%-13.64%31.6%20.2%-13.79%
Operating Expenses43.22M46.29M48.68M48.87M57.61M77.13M68.37M65.55M52.93M
OpEx % of Revenue171.42%218.43%211.78%203.71%217.23%255.43%196.18%170.61%156.06%
Selling, General & Admin26.32M29.04M30.72M31.55M32.57M48.66M40.48M38.24M32.44M
SG&A % of Revenue104.37%137.02%133.65%131.53%122.8%161.15%116.15%99.54%95.67%
Research & Development16.9M17.25M17.96M17.31M17.54M26.49M26.58M26.21M20.48M
R&D % of Revenue67.04%81.41%78.13%72.17%66.15%87.72%76.26%68.22%60.4%
Other Operating Expenses00007.5M1.98M1.31M1.1M0
Operating Income
-26.57M▲ 0%
-33.52M▼ 26.2%
-33.73M▼ 0.6%
-32.81M▲ 2.7%
-39.87M▼ 21.5%
-61.81M▼ 55.0%
-48.21M▲ 22.0%
-41.31M▲ 14.3%
-32.03M▲ 22.5%
Operating Margin %-105.36%-158.19%-146.74%-136.78%-150.32%-204.69%-138.32%-107.52%-94.45%
Operating Income Growth %-21.19%-26.2%-0.62%2.72%-21.49%-55.04%22.01%14.31%22.46%
EBITDA-24.14M-31.38M-31.52M-30.04M-37.82M-53.23M-40.08M-33.71M-32.03M
EBITDA Margin %-95.74%-148.08%-137.14%-125.22%-142.6%-176.28%-115%-87.75%-94.45%
EBITDA Growth %-24.03%-30%-0.46%4.7%-25.89%-40.75%24.71%15.89%4.99%
D&A (Non-Cash Add-back)2.43M2.14M2.21M2.77M2.05M8.58M8.13M7.59M0
EBIT-26.57M-33.52M-33.73M-32.81M-32.37M-59.63M-47.27M-40.76M0
Net Interest Income00000744K1.68M1.82M0
Interest Income00000744K1.68M1.82M0
Interest Expense000000000
Other Income/Expense588K1.06M912K277K5.12M2.11M2.45M2.34M-248K
Pretax Income
-25.98M▲ 0%
-32.47M▼ 25.0%
-32.82M▼ 1.1%
-32.54M▲ 0.9%
-34.74M▼ 6.8%
-59.7M▼ 71.8%
-45.76M▲ 23.4%
-38.97M▲ 14.8%
-32.28M▲ 17.2%
Pretax Margin %-103.03%-153.2%-142.77%-135.62%-131.01%-197.71%-131.29%-101.43%-95.18%
Income Tax-206K39K21K1K16K97K204K44K-31K
Effective Tax Rate %0.79%-0.12%-0.06%-0%-0.05%-0.16%-0.45%-0.11%0.1%
Net Income
-25.77M▲ 0%
-32.51M▼ 26.1%
-32.84M▼ 1.0%
-32.54M▲ 0.9%
-34.76M▼ 6.8%
-59.8M▼ 72.0%
-45.96M▲ 23.1%
-39.01M▲ 15.1%
-32.31M▲ 17.2%
Net Margin %-102.21%-153.39%-142.86%-135.63%-131.07%-198.03%-131.87%-101.54%-95.27%
Net Income Growth %-18.91%-26.13%-1.03%0.92%-6.83%-72.04%23.14%15.12%17.18%
Net Income (Continuing)-25.77M-32.51M-32.84M-32.54M-34.76M-59.8M-45.96M-39.01M-32.31M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
-2.44▲ 0%
-2.86▼ 17.2%
-2.79▲ 2.4%
-3.41▼ 22.2%
-2.11▲ 38.1%
-3.12▼ 47.9%
-2.26▲ 27.6%
-1.83▲ 19.0%
-1.49▲ 18.6%
EPS Growth %-3.39%-17.21%2.45%-22.22%38.12%-47.87%27.56%19.03%18.58%
EPS (Basic)-2.44-2.86-2.79-3.41-2.11-3.12-2.26-1.83-1.49
Diluted Shares Outstanding10.57M11.36M11.76M12.91M16.46M19.14M20.32M21.26M21.66M
Basic Shares Outstanding10.56M11.36M11.76M12.91M16.46M19.14M20.32M21.26M21.66M
Dividend Payout Ratio---------

DMRC Balance Sheet

Digimarc Corporation (DMRC) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets76.31M49.64M43.29M83.83M44.01M64.14M37.08M39.33M21.34M
Cash & Short-Term Investments67.74M43.66M36.82M77.73M33.33M52.54M27.18M28.73M12.87M
Cash Only40.82M27.28M11.21M19.7M13.79M33.6M21.46M12.37M9.82M
Short-Term Investments26.91M16.38M25.6M58.03M19.54M18.94M5.73M16.36M3.05M
Accounts Receivable6.4M3.89M4.02M3.91M8.37M5.43M5.81M6.41M6.51M
Days Sales Outstanding92.7166.9663.8559.44115.1865.660.8860.9270.1
Inventory000000000
Days Inventory Outstanding---------
Other Current Assets2.17M2.1M2.46M2.2M2.32M6.17M4.08M4.19M1.96M
Total Non-Current Assets12.06M12.14M14.09M13.2M20.86M49.64M43.47M36.44M31.62M
Property, Plant & Equipment4.24M3.96M3.65M3.27M4.17M7.11M5.59M4.7M4.34M
Fixed Asset Turnover5.95x5.36x6.30x7.33x6.35x4.25x6.24x8.18x7.81x
Goodwill1.11M1.11M1.11M1.11M1.11M8.23M8.64M8.53M9.06M
Intangible Assets6.38M6.65M6.67M6.61M6.61M33.17M28.46M22.19M17.05M
Long-Term Investments00008.29M0000
Other Non-Current Assets326K425K2.66M2.2M673K1.13M786K1.01M1.18M
Total Assets
88.37M▲ 0%
61.79M▼ 30.1%
57.39M▼ 7.1%
97.03M▲ 69.1%
64.88M▼ 33.1%
113.78M▲ 75.4%
80.55M▼ 29.2%
75.77M▼ 5.9%
52.96M▼ 30.1%
Asset Turnover0.29x0.34x0.40x0.25x0.41x0.27x0.43x0.51x0.64x
Asset Growth %12.24%-30.08%-7.12%69.07%-33.14%75.38%-29.2%-5.94%-30.1%
Total Current Liabilities5.04M4.32M5.44M9.78M7.72M10.13M12.53M9.14M8.35M
Accounts Payable1.91M1.09M1.61M2.16M3.98M5.05M6.09M4.34M0
Days Payables Outstanding81.6347.373.0899.55165.6123.92151.36111.64-
Short-Term Debt0003.95M000781K0
Deferred Revenue (Current)3.12M3.23M3.17M3M2.99M4.14M5.85M4.02M3.99M
Other Current Liabilities00663K663K745K939K582K04.36M
Current Ratio15.15x11.50x7.95x8.58x5.70x6.33x2.96x4.30x2.56x
Quick Ratio15.15x11.50x7.95x8.58x5.70x6.33x2.96x4.30x2.56x
Cash Conversion Cycle---------
Total Non-Current Liabilities985K854K2.49M3.41M1.78M6.05M6.1M5.27M4.38M
Long-Term Debt0001.12M00004.31M
Capital Lease Obligations002.49M1.77M1.03M5.98M5.99M5.21M0
Deferred Tax Liabilities000000000
Other Non-Current Liabilities985K854K0523K752K76K106K56K63K
Total Liabilities6.02M5.17M7.94M13.19M9.5M16.19M18.63M14.41M12.73M
Total Debt002.49M6.84M1.03M5.98M5.99M5.99M4.31M
Net Debt-40.82M-27.28M-8.72M-12.86M-12.76M-27.62M-15.46M-6.37M-5.51M
Debt / Equity--0.05x0.08x0.02x0.06x0.10x0.10x0.11x
Debt / EBITDA---------
Net Debt / EBITDA---------
Interest Coverage---------
Total Equity
82.35M▲ 0%
56.62M▼ 31.2%
49.45M▼ 12.7%
83.84M▲ 69.5%
55.38M▼ 33.9%
97.59M▲ 76.2%
61.93M▼ 36.5%
61.36M▼ 0.9%
40.23M▼ 34.4%
Equity Growth %12.29%-31.25%-12.66%69.54%-33.94%76.22%-36.54%-0.92%-34.44%
Book Value per Share7.794.984.206.503.365.103.052.891.86
Total Shareholders' Equity82.35M56.62M49.45M83.84M55.38M97.59M61.93M61.36M40.23M
Common Stock12K12K12K17K17K20K20K21K22K
Retained Earnings-73.51M-105.88M-138.72M-171.25M-206.01M-265.81M-311.77M-350.78M-383.09M
Treasury Stock000000000
Accumulated OCI-6.49M-7.89M000-4.36M-2.56M-2.98M-1.42M
Minority Interest000000000

DMRC Cash Flow Statement

Digimarc Corporation (DMRC) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-17.61M-21.21M-22.41M-19.94M-26.12M-44.41M-22M-26.57M-11.78M
Operating CF Margin %-69.85%-100.08%-97.5%-83.11%-98.48%-147.06%-63.11%-69.17%-34.73%
Operating CF Growth %-27.03%-20.44%-5.67%11.04%-30.99%-70.04%50.47%-20.81%55.67%
Net Income-25.77M-32.51M-32.84M-32.54M-34.76M-59.8M-45.96M-39.01M-32.31M
Depreciation & Amortization2.43M2.14M2.21M2.77M2.54M8.58M8.13M7.59M6.46M
Stock-Based Compensation6.76M7.3M8.21M9.12M11.94M11.29M11.16M10.03M11.97M
Deferred Taxes00-12.06M000000
Other Non-Cash Items12.35M9.95M12.06M204K-4.38M1M270K17K2.1M
Working Capital Changes-1.02M1.85M7K508K-1.45M-5.48M4.41M-5.2M0
Change in Receivables-1.33M2.52M-133K114K-2.65M2.23M-335K-687K-718K
Change in Inventory-471K35K-702K0-2.08M02.46M00
Change in Payables585K-878K702K02.08M0660K-1.61M-434K
Cash from Investing18.97M8.5M-10.94M-34.26M25.98M3.76M12.56M-11.28M12.1M
Capital Expenditures-3.01M-2.04M-1.71M-1.02M-1.57M-934K-314K-212K-570K
CapEx % of Revenue11.93%9.62%7.46%4.25%5.93%3.09%0.9%0.55%1.68%
Acquisitions819K747K659K00-3.51M000
Investments---------
Other Investing-819K-747K-659K-612K-2M-533K-426K-431K-654K
Cash from Financing27.83M-833K17.29M62.69M-5.77M60.5M-2.76M28.77M-2.91M
Debt Issued (Net)0005.03M0-35K-36K-37K0
Equity Issued (Net)1000K-1000K1000K1000K-1000K1000K-1000K1000K0
Dividends Paid000000000
Share Repurchases-3.03M-2.09M-3.51M-3.76M-5.77M-2.36M-2.72M-3.42M-2.88M
Other Financing1.18M1.26M1.18M5.92M0000-2.91M
Net Change in Cash
29.18M▲ 0%
-13.54M▼ 146.4%
-16.07M▼ 18.6%
8.48M▲ 152.8%
-5.91M▼ 169.6%
19.81M▲ 435.3%
-12.14M▼ 161.3%
-9.09M▲ 25.1%
-2.54M▲ 72.0%
Free Cash Flow
-20.62M▲ 0%
-23.25M▼ 12.8%
-24.13M▼ 3.8%
-21.57M▲ 10.6%
-27.69M▼ 28.4%
-45.88M▼ 65.7%
-22.73M▲ 50.4%
-26.78M▼ 17.8%
-12.35M▲ 53.9%
FCF Margin %-81.78%-109.71%-104.95%-89.91%-104.4%-151.92%-65.23%-69.72%-36.41%
FCF Growth %-25.03%-12.76%-3.77%10.59%-28.36%-65.69%50.44%-17.81%53.89%
FCF per Share-1.95-2.05-2.05-1.67-1.68-2.40-1.12-1.26-0.57
FCF Conversion (FCF/Net Income)0.68x0.65x0.68x0.61x0.75x0.74x0.48x0.68x0.36x
Interest Paid000000000
Taxes Paid37K88K0040K61K233K63K0

DMRC Key Ratios

Digimarc Corporation (DMRC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-34.73%-33.11%-46.78%-61.92%-48.82%-49.93%-78.18%-57.62%-63.28%-63.61%
Return on Invested Capital (ROIC)-29.89%-38.6%-70.96%-72.21%-44.06%-52.64%-82.35%-62.1%-61.07%-53.56%
Gross Margin61.01%66.06%60.24%65.04%66.93%66.9%50.74%57.86%63.09%61.62%
Net Margin-99.44%-102.21%-153.39%-142.86%-135.63%-131.07%-198.03%-131.87%-101.54%-95.27%
Debt / Equity---0.05x0.08x0.02x0.06x0.10x0.10x0.11x
FCF Conversion0.64x0.68x0.65x0.68x0.61x0.75x0.74x0.48x0.68x0.36x
Revenue Growth-1.78%15.69%-15.95%8.47%4.36%10.55%13.87%15.41%10.23%-11.73%

DMRC SEC Filings & Documents

Digimarc Corporation (DMRC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 12, 2026·SEC

Material company update

Mar 11, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 11, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 13, 2025·SEC

FY 2025

Aug 14, 2025·SEC

FY 2025

May 6, 2025·SEC

DMRC Frequently Asked Questions

Digimarc Corporation (DMRC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Digimarc Corporation (DMRC) reported $33.9M in revenue for fiscal year 2025. This represents a 206% increase from $11.1M in 2006.

Digimarc Corporation (DMRC) saw revenue decline by 11.7% over the past year.

Digimarc Corporation (DMRC) reported a net loss of $32.3M for fiscal year 2025.

Dividend & Returns

Digimarc Corporation (DMRC) has a return on equity (ROE) of -63.6%. Negative ROE indicates the company is unprofitable.

Digimarc Corporation (DMRC) had negative free cash flow of $12.5M in fiscal year 2025, likely due to heavy capital investments.

Explore More DMRC

Digimarc Corporation (DMRC) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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