Saturday 17 October 2026
Export DMRC’s income statement to Excel — free account
Digimarc Corporation
DMRC Technology Software Application
Digimarc Corporation’s revenue for fiscal 2025 (year ended December 2025) was $33.9 million, down 11.7% from fiscal 2024. In the quarter to June 2026, revenue fell 7.77%, EPS fell 42.1% and free cash flow grew 80.9%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
6.68
0.02
−0.30%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
4 | 5 | 2 | 3 | 4 | 4 | 4 | 5 | 5 | 3 |
P/S ratio |
12.50 | 14.88 | 7.77 | 17.17 | 25.41 | 24.51 | 11.68 | 20.66 | 20.73 | 4.19 |
Altman Z-Score |
30.02 | 37.16 | 16.14 | 25.70 | 25.31 | 35.67 | 8.89 | 17.05 | 25.86 | (4.56) |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
15.28 | 14.91 | 7.07 | (0.96) | 3.66 | (4.69) | (1.82) | (11.15) | (11.67) | (22.86) |
P/Operating CF |
(55.86) | (104.44) | (32.26) | (79.92) | (129.53) | (84.93) | (46.91) | (135.44) | (188.01) | 143.40 |
Beneish M-Score |
(2.86) | (2.92) | (3.60) | (3.59) | (3.23) | (1.51) | (2.98) | (3.97) | (3.15) | (4.25) |
P/B ratio |
3.72 | 4.56 | 2.91 | 7.99 | 7.28 | 11.75 | 3.62 | 11.64 | 12.99 | 3.54 |
Price to Tangible BV |
4.14 | 5.02 | 3.38 | 9.49 | 8.02 | 13.65 | 6.28 | 29.06 | 26.03 | 10.09 |
EV/Sales |
9.92 | 12.20 | 5.71 | 15.68 | 22.22 | 23.26 | 9.95 | 19.89 | 19.98 | 3.82 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(15.60) | (17.46) | (5.71) | (16.60) | (26.74) | (23.62) | (6.77) | (31.51) | (28.89) | (11.00) |
EV/FCF |
(12.52) | (14.35) | (5.05) | (14.97) | (24.03) | (21.80) | (6.47) | (29.80) | (27.68) | (9.57) |
Quick Ratio |
13.77 | 14.72 | 11.01 | 7.50 | 8.35 | 5.40 | 5.72 | 2.63 | 3.85 | 2.32 |
Current Ratio |
14.15 | 15.15 | 11.50 | 7.95 | 8.58 | 5.70 | 6.33 | 2.96 | 4.30 | 2.56 |
Net Debt/EBITDA |
2.88 | 2.81 | 1.39 | 1.13 | 2.57 | 0.91 | 0.99 | 0.68 | 0.85 | 0.52 |
Debt/Assets |
0.00% | 0.00% | 0.00% | 4.24% | 1.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.05 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.32 | 0.30 | 0.28 | 0.39 | 0.31 | 0.33 | 0.34 | 0.36 | 0.49 | 0.53 |
Operating CF/Net income |
0.64 | 0.68 | 0.65 | 0.66 | 0.45 | 0.75 | 0.74 | 0.48 | 0.68 | 0.36 |
Capex/Depreciation |
(1.07) | (1.24) | (0.95) | (0.51) | (0.55) | (0.49) | (0.17) | (0.09) | (0.08) | (0.15) |
| (34.76%) | (33.13%) | (46.82%) | (61.98%) | (66.04%) | (49.97%) | (78.23%) | (57.66%) | (63.34%) | (63.67%) | |
| (32.08%) | (30.84%) | (43.30%) | (55.11%) | (56.96%) | (42.94%) | (66.94%) | (47.30%) | (49.91%) | (50.20%) | |
ROIC |
(79.65%) | (113.65%) | (161.68%) | (139.91%) | (283.69%) | (112.98%) | (85.75%) | (86.72%) | (79.12%) | (75.75%) |
Return on Tangible Assets |
(34.94%) | (34.13%) | (65.96%) | (79.13%) | (56.87%) | (88.74%) | (106.03%) | (175.92%) | (124.90%) | (229.27%) |
Average Days of Receivables |
85.05 | 92.71 | 66.96 | 63.85 | 59.44 | 115.18 | 65.60 | 60.88 | 60.92 | 70.10 |
Research and Development Expense of Revenue |
61.46% | 61.22% | 75.36% | 71.64% | 72.17% | 66.15% | 87.72% | 76.26% | 68.22% | 60.40% |
Selling, General and Administrative Expense of Revenue |
92.63% | 104.37% | 137.02% | 140.14% | 131.53% | 151.08% | 161.15% | 116.15% | 99.54% | 95.67% |
Intangible Assets out of Total Assets |
0.10 | 0.08 | 0.13 | 0.14 | 0.08 | 0.12 | 0.36 | 0.46 | 0.41 | 0.49 |
Share Based Compensation of Revenue |
25.48% | 26.80% | 34.44% | 35.73% | 37.99% | 45.01% | 37.38% | 32.02% | 26.10% | 35.28% |
Graham Net Nets |
0.21 | 0.19 | 0.27 | 0.09 | 0.12 | 0.05 | 0.14 | 0.03 | 0.03 | 0.06 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(8.03%) | (6.87%) | (19.72%) | (8.34%) | (7.01%) | (5.34%) | (17.15%) | (6.44%) | (4.89%) | (22.87%) |
Free Cash Flow Yield |
(6.34%) | (5.71%) | (14.57%) | (6.10%) | (3.64%) | (4.35%) | (13.16%) | (3.23%) | (3.48%) | (9.52%) |
Revenue per Share |
2.37 | 2.39 | 1.87 | 1.95 | 1.86 | 1.61 | 1.58 | 1.71 | 1.81 | 1.57 |
Operating CF per Share |
(1.51) | (1.67) | (1.87) | (1.85) | (1.54) | (1.59) | (2.32) | (1.08) | (1.25) | (0.54) |
Capex per Share |
(0.29) | (0.28) | (0.18) | (0.15) | (0.13) | (0.10) | (0.08) | (0.04) | (0.03) | (0.06) |
Free Cash Flow per Share |
(1.79) | (1.95) | (2.05) | (1.99) | (1.67) | (1.68) | (2.40) | (1.12) | (1.28) | (0.60) |
Cash per Share |
6.11 | 6.41 | 3.84 | 3.13 | 6.02 | 2.02 | 2.75 | 1.34 | 1.35 | 0.59 |
Shareholders Equity per Share |
7.98 | 7.79 | 4.98 | 4.20 | 6.50 | 3.36 | 5.10 | 3.05 | 2.89 | 1.86 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
7.98 | 7.79 | 4.98 | 4.20 | 6.50 | 3.36 | 5.10 | 3.05 | 2.89 | 1.86 |
Free Cash Flow |
(16.49) | (20.62) | (23.25) | (23.42) | (21.57) | (27.69) | (45.87) | (22.73) | (27.21) | (13.00) |
Working Capital |
58.46 | 71.28 | 45.33 | 37.85 | 74.06 | 36.30 | 54.01 | 24.56 | 30.19 | 12.99 |
Capital Expenditures |
(2.63) | (3.01) | (2.04) | (1.71) | (1.63) | (1.57) | (1.47) | (0.74) | (0.64) | (1.22) |
Net Current Asset Value |
57.51 | 70.29 | 44.47 | 35.36 | 70.64 | 34.52 | 47.95 | 18.46 | 24.92 | 8.61 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.12 | 0.12 | 0.10 | 0.07 | 0.07 | 0.06 | 0.05 | 0.02 | 0.02 | 0.04 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.69 | 0.57 | 0.54 | 0.92 | 0.91 | 1.11 | 3.59 | 5.18 | 7.30 | 7.51 |
Cash ROIC |
(12.74%) | (13.74%) | (23.19%) | (26.40%) | (13.26%) | (31.21%) | (30.56%) | (25.51%) | (30.21%) | (24.49%) |
Accounts Receivable Turnover |
4.50 | 4.39 | 4.12 | 5.81 | 6.05 | 4.32 | 4.38 | 6.20 | 6.29 | 5.25 |
Accounts Payable Turnover |
5.34 | 4.98 | 5.61 | 4.78 | 3.11 | 2.32 | 2.78 | 2.32 | 2.41 | 2.75 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
65.42 | 81.63 | 47.30 | 103.20 | 130.05 | 196.58 | 146.97 | 165.82 | 131.75 | 122.23 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
4.85 | 5.74 | 5.15 | 3.95 | 3.96 | 6.14 | 6.90 | 5.62 | 6.11 | 6.46 |
Average Payables |
1.59 | 1.72 | 1.50 | 1.68 | 2.55 | 3.78 | 5.36 | 6.33 | 5.90 | 4.74 |
Average Assets |
67.55 | 83.55 | 75.08 | 59.59 | 77.21 | 80.95 | 89.33 | 97.16 | 78.16 | 64.36 |
Average Common Equity |
62.35 | 77.79 | 69.43 | 52.98 | 66.59 | 69.56 | 76.44 | 79.71 | 61.59 | 50.74 |
Columns are period end dates