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6Mar 12, 2026·SEC
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Digimarc Corporation (DMRC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Digimarc Corporation (DMRC) stock price & volume — 10-year historical chart
Digimarc Corporation (DMRC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Digimarc Corporation (DMRC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 11, 2026 | $0.05vs $0.24+120.8% | $9Mvs $8M+8.6% |
| Q4 2025 | Oct 30, 2025 | $0.10vs $0.01-566.7% | $8Mvs $8M-7.3% |
| Q3 2025 | Aug 14, 2025 | $0.11vs $0.05-120.0% | $8Mvs $8M-4.9% |
| Q2 2025 | May 5, 2025 | $0.40vs $0.27-48.1% | $9Mvs $8M+14.3% |
Digimarc Corporation (DMRC) competitors in Data, AI, and IoT Platforms — business model, growth, and fundamentals comparison
Digimarc Corporation (DMRC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Digimarc Corporation (DMRC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 25.21M | 21.19M | 22.99M | 23.99M | 26.52M | 30.2M | 34.85M | 38.42M | 33.91M |
| Revenue Growth % | 15.69% | -15.95% | 8.47% | 4.36% | 10.55% | 13.87% | 15.41% | 10.23% | -11.73% |
| Cost of Goods Sold | 8.56M | 8.43M | 8.04M | 7.93M | 8.78M | 14.87M | 14.69M | 14.18M | 13.02M |
| COGS % of Revenue | 33.94% | 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 Expenses | 43.22M | 46.29M | 48.68M | 48.87M | 57.61M | 77.13M | 68.37M | 65.55M | 52.93M |
| OpEx % of Revenue | 171.42% | 218.43% | 211.78% | 203.71% | 217.23% | 255.43% | 196.18% | 170.61% | 156.06% |
| Selling, General & Admin | 26.32M | 29.04M | 30.72M | 31.55M | 32.57M | 48.66M | 40.48M | 38.24M | 32.44M |
| SG&A % of Revenue | 104.37% | 137.02% | 133.65% | 131.53% | 122.8% | 161.15% | 116.15% | 99.54% | 95.67% |
| Research & Development | 16.9M | 17.25M | 17.96M | 17.31M | 17.54M | 26.49M | 26.58M | 26.21M | 20.48M |
| R&D % of Revenue | 67.04% | 81.41% | 78.13% | 72.17% | 66.15% | 87.72% | 76.26% | 68.22% | 60.4% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 7.5M | 1.98M | 1.31M | 1.1M | 0 |
| 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) | 2.43M | 2.14M | 2.21M | 2.77M | 2.05M | 8.58M | 8.13M | 7.59M | 0 |
| EBIT | -26.57M | -33.52M | -33.73M | -32.81M | -32.37M | -59.63M | -47.27M | -40.76M | 0 |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 744K | 1.68M | 1.82M | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 744K | 1.68M | 1.82M | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 588K | 1.06M | 912K | 277K | 5.12M | 2.11M | 2.45M | 2.34M | -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 | -206K | 39K | 21K | 1K | 16K | 97K | 204K | 44K | -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 Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 Outstanding | 10.57M | 11.36M | 11.76M | 12.91M | 16.46M | 19.14M | 20.32M | 21.26M | 21.66M |
| Basic Shares Outstanding | 10.56M | 11.36M | 11.76M | 12.91M | 16.46M | 19.14M | 20.32M | 21.26M | 21.66M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Digimarc Corporation (DMRC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 76.31M | 49.64M | 43.29M | 83.83M | 44.01M | 64.14M | 37.08M | 39.33M | 21.34M |
| Cash & Short-Term Investments | 67.74M | 43.66M | 36.82M | 77.73M | 33.33M | 52.54M | 27.18M | 28.73M | 12.87M |
| Cash Only | 40.82M | 27.28M | 11.21M | 19.7M | 13.79M | 33.6M | 21.46M | 12.37M | 9.82M |
| Short-Term Investments | 26.91M | 16.38M | 25.6M | 58.03M | 19.54M | 18.94M | 5.73M | 16.36M | 3.05M |
| Accounts Receivable | 6.4M | 3.89M | 4.02M | 3.91M | 8.37M | 5.43M | 5.81M | 6.41M | 6.51M |
| Days Sales Outstanding | 92.71 | 66.96 | 63.85 | 59.44 | 115.18 | 65.6 | 60.88 | 60.92 | 70.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 2.17M | 2.1M | 2.46M | 2.2M | 2.32M | 6.17M | 4.08M | 4.19M | 1.96M |
| Total Non-Current Assets | 12.06M | 12.14M | 14.09M | 13.2M | 20.86M | 49.64M | 43.47M | 36.44M | 31.62M |
| Property, Plant & Equipment | 4.24M | 3.96M | 3.65M | 3.27M | 4.17M | 7.11M | 5.59M | 4.7M | 4.34M |
| Fixed Asset Turnover | 5.95x | 5.36x | 6.30x | 7.33x | 6.35x | 4.25x | 6.24x | 8.18x | 7.81x |
| Goodwill | 1.11M | 1.11M | 1.11M | 1.11M | 1.11M | 8.23M | 8.64M | 8.53M | 9.06M |
| Intangible Assets | 6.38M | 6.65M | 6.67M | 6.61M | 6.61M | 33.17M | 28.46M | 22.19M | 17.05M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 8.29M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 326K | 425K | 2.66M | 2.2M | 673K | 1.13M | 786K | 1.01M | 1.18M |
| 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 Turnover | 0.29x | 0.34x | 0.40x | 0.25x | 0.41x | 0.27x | 0.43x | 0.51x | 0.64x |
| Asset Growth % | 12.24% | -30.08% | -7.12% | 69.07% | -33.14% | 75.38% | -29.2% | -5.94% | -30.1% |
| Total Current Liabilities | 5.04M | 4.32M | 5.44M | 9.78M | 7.72M | 10.13M | 12.53M | 9.14M | 8.35M |
| Accounts Payable | 1.91M | 1.09M | 1.61M | 2.16M | 3.98M | 5.05M | 6.09M | 4.34M | 0 |
| Days Payables Outstanding | 81.63 | 47.3 | 73.08 | 99.55 | 165.6 | 123.92 | 151.36 | 111.64 | - |
| Short-Term Debt | 0 | 0 | 0 | 3.95M | 0 | 0 | 0 | 781K | 0 |
| Deferred Revenue (Current) | 3.12M | 3.23M | 3.17M | 3M | 2.99M | 4.14M | 5.85M | 4.02M | 3.99M |
| Other Current Liabilities | 0 | 0 | 663K | 663K | 745K | 939K | 582K | 0 | 4.36M |
| Current Ratio | 15.15x | 11.50x | 7.95x | 8.58x | 5.70x | 6.33x | 2.96x | 4.30x | 2.56x |
| Quick Ratio | 15.15x | 11.50x | 7.95x | 8.58x | 5.70x | 6.33x | 2.96x | 4.30x | 2.56x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 985K | 854K | 2.49M | 3.41M | 1.78M | 6.05M | 6.1M | 5.27M | 4.38M |
| Long-Term Debt | 0 | 0 | 0 | 1.12M | 0 | 0 | 0 | 0 | 4.31M |
| Capital Lease Obligations | 0 | 0 | 2.49M | 1.77M | 1.03M | 5.98M | 5.99M | 5.21M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 985K | 854K | 0 | 523K | 752K | 76K | 106K | 56K | 63K |
| Total Liabilities | 6.02M | 5.17M | 7.94M | 13.19M | 9.5M | 16.19M | 18.63M | 14.41M | 12.73M |
| Total Debt | 0 | 0 | 2.49M | 6.84M | 1.03M | 5.98M | 5.99M | 5.99M | 4.31M |
| Net Debt | -40.82M | -27.28M | -8.72M | -12.86M | -12.76M | -27.62M | -15.46M | -6.37M | -5.51M |
| Debt / Equity | - | - | 0.05x | 0.08x | 0.02x | 0.06x | 0.10x | 0.10x | 0.11x |
| 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 Share | 7.79 | 4.98 | 4.20 | 6.50 | 3.36 | 5.10 | 3.05 | 2.89 | 1.86 |
| Total Shareholders' Equity | 82.35M | 56.62M | 49.45M | 83.84M | 55.38M | 97.59M | 61.93M | 61.36M | 40.23M |
| Common Stock | 12K | 12K | 12K | 17K | 17K | 20K | 20K | 21K | 22K |
| Retained Earnings | -73.51M | -105.88M | -138.72M | -171.25M | -206.01M | -265.81M | -311.77M | -350.78M | -383.09M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -6.49M | -7.89M | 0 | 0 | 0 | -4.36M | -2.56M | -2.98M | -1.42M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Digimarc Corporation (DMRC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'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 & Amortization | 2.43M | 2.14M | 2.21M | 2.77M | 2.54M | 8.58M | 8.13M | 7.59M | 6.46M |
| Stock-Based Compensation | 6.76M | 7.3M | 8.21M | 9.12M | 11.94M | 11.29M | 11.16M | 10.03M | 11.97M |
| Deferred Taxes | 0 | 0 | -12.06M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 12.35M | 9.95M | 12.06M | 204K | -4.38M | 1M | 270K | 17K | 2.1M |
| Working Capital Changes | -1.02M | 1.85M | 7K | 508K | -1.45M | -5.48M | 4.41M | -5.2M | 0 |
| Change in Receivables | -1.33M | 2.52M | -133K | 114K | -2.65M | 2.23M | -335K | -687K | -718K |
| Change in Inventory | -471K | 35K | -702K | 0 | -2.08M | 0 | 2.46M | 0 | 0 |
| Change in Payables | 585K | -878K | 702K | 0 | 2.08M | 0 | 660K | -1.61M | -434K |
| Cash from Investing | 18.97M | 8.5M | -10.94M | -34.26M | 25.98M | 3.76M | 12.56M | -11.28M | 12.1M |
| Capital Expenditures | -3.01M | -2.04M | -1.71M | -1.02M | -1.57M | -934K | -314K | -212K | -570K |
| CapEx % of Revenue | 11.93% | 9.62% | 7.46% | 4.25% | 5.93% | 3.09% | 0.9% | 0.55% | 1.68% |
| Acquisitions | 819K | 747K | 659K | 0 | 0 | -3.51M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -819K | -747K | -659K | -612K | -2M | -533K | -426K | -431K | -654K |
| Cash from Financing | 27.83M | -833K | 17.29M | 62.69M | -5.77M | 60.5M | -2.76M | 28.77M | -2.91M |
| Debt Issued (Net) | 0 | 0 | 0 | 5.03M | 0 | -35K | -36K | -37K | 0 |
| Equity Issued (Net) | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -3.03M | -2.09M | -3.51M | -3.76M | -5.77M | -2.36M | -2.72M | -3.42M | -2.88M |
| Other Financing | 1.18M | 1.26M | 1.18M | 5.92M | 0 | 0 | 0 | 0 | -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) | 0.68x | 0.65x | 0.68x | 0.61x | 0.75x | 0.74x | 0.48x | 0.68x | 0.36x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 37K | 88K | 0 | 0 | 40K | 61K | 233K | 63K | 0 |
Digimarc Corporation (DMRC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Margin | 61.01% | 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 | - | - | - | 0.05x | 0.08x | 0.02x | 0.06x | 0.10x | 0.10x | 0.11x |
| FCF Conversion | 0.64x | 0.68x | 0.65x | 0.68x | 0.61x | 0.75x | 0.74x | 0.48x | 0.68x | 0.36x |
| Revenue Growth | -1.78% | 15.69% | -15.95% | 8.47% | 4.36% | 10.55% | 13.87% | 15.41% | 10.23% | -11.73% |
Digimarc Corporation (DMRC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 12, 2026·SEC
Mar 11, 2026·SEC
Feb 12, 2026·SEC
Digimarc Corporation (DMRC) stock FAQ — growth, dividends, profitability & financials explained
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.
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.
Digimarc Corporation (DMRC) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates