Saturday 17 October 2026 Export DMRC’s income statement to Excel — free account

Digimarc Corporation

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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Market cap: $181.2M
P/E: 0.0×
Fwd P/E: −10.7×
Dividend yield: —
F-score: 3/9
Altman Z: −4.56
Beneish M: −4.25
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.20

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	1	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 181.22

Revenue 31.50

Net Income (31.46)

Free Cash Flow (5.29)

Net Debt (8.75)

Current Ratio 1.43

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (10.70)

P/S ratio 4.72

P/B ratio 5.06

Past 5Y EPS Growth —

This Y EPS Growth (6.38%)

Next Y EPS Growth 17.67%

Next Y revenue growth (18.38%)

Next 5Y EPS Growth 15.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 5.09%

10-year low 10-year high

P/B against its own 10 years 44.89%

10-year low 10-year high

EV/Sales against its own 10 years 5.42%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	27	29	13	9
Receivables	6	6	7	6
Inventory	—	—	—	—
Other	4	4	2	3
	37	39	21	18

	2023	2024	2025	Q'26
Payables	7	5	4	8
ST’ Debt	—	—	—	—
Other	—	—	—	—
	13	9	8	12

Compound Annual Growth %

	10y	5y	3y
Sales	4.33%	7.17%	3.94%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	(2.43%)	(13.66%)	(25.58%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	8	7	—	—	—
’25	9	8	8	9	34
’24	10	10	9	9	38
’23	8	9	9	9	35
’22	7	8	8	7	30
’21	7	6	6	7	27
’20	6	6	6	6	24

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	(1)	—	—	—
’25	(5)	(5)	(3)	1	(12)
’24	(8)	(7)	(7)	(4)	(27)
’23	(9)	(8)	0	(5)	(22)
’22	(12)	(14)	(11)	(8)	(44)
’21	(6)	(6)	(6)	(8)	(26)
’20	(6)	(4)	(5)	(5)	(20)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	(1)	—	—	—
’25	(6)	(5)	(3)	1	(13)
’24	(9)	(7)	(7)	(4)	(27)
’23	(9)	(8)	0	(6)	(23)
’22	(13)	(14)	(12)	(8)	(46)
’21	(7)	(7)	(7)	(8)	(28)
’20	(6)	(5)	(6)	(5)	(22)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.32)	(0.54)	—	—	—
’25	(0.55)	(0.38)	(0.38)	(0.19)	(1.49)
’24	(0.50)	(0.43)	(0.50)	(0.40)	(1.83)
’23	(0.70)	(0.53)	(0.53)	(0.52)	(2.26)
’22	(1.03)	(0.75)	(0.76)	(0.62)	(3.12)
’21	(0.50)	(0.94)	(0.17)	(0.50)	(2.11)
’20	(0.74)	(0.62)	(0.68)	(1.27)	(3.41)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	25.04	24.20	14.03	14.19	9.92	22.11	12.45	16.13	21.00	6.35	Analyst estimates 2026–2028 Powerpack
	High	44.94	41.75	39.95	66.50	58.74	53.74	42.07	38.95	43.43	48.32
People
People	Employees	180	207	213	216	203	228	277	248	215	110
	Revenue/emp, $m	0.12	0.12	0.10	0.11	0.12	0.12	0.11	0.14	0.18	0.31
Income, $m
Income, $m	Revenue	22	25	21	23	24	27	30	35	38	34
	Gross margin, %	61.01	66.06	60.24	65.04	66.93	66.90	50.74	57.86	63.09	61.62
	EBT	(22)	(26)	(32)	(33)	(33)	(35)	(60)	(46)	(39)	(32)
	EBT margin, %	(99.40)	(103.03)	(153.20)	(142.77)	(135.62)	(131.01)	(197.71)	(131.29)	(101.43)	(95.18)
	Net income	(22)	(26)	(33)	(33)	(33)	(35)	(60)	(46)	(39)	(32)
	Depreciation	2	2	2	3	3	3	9	8	8	8
Per share, $
Per share, $	Revenue	2.37	2.39	1.87	1.95	1.86	1.61	1.58	1.71	1.81	1.57
	Earnings	(2.36)	(2.44)	(2.86)	(2.79)	(3.41)	(2.11)	(3.12)	(2.26)	(1.83)	(1.49)
	Cash flow	(1.51)	(1.67)	(1.87)	(1.85)	(1.54)	(1.59)	(2.32)	(1.08)	(1.25)	(0.54)
	Capex	(0.29)	(0.28)	(0.18)	(0.15)	(0.13)	(0.10)	(0.08)	(0.04)	(0.03)	(0.06)
	Free cash flow	(1.79)	(1.95)	(2.05)	(1.99)	(1.67)	(1.68)	(2.40)	(1.12)	(1.28)	(0.60)
	Book value	7.98	7.79	4.98	4.20	6.50	3.36	5.10	3.05	2.89	1.86
	Shares, m	9	11	11	12	13	16	19	20	21	22
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	12.50	14.88	7.77	17.17	25.41	24.51	11.68	20.66	20.73	4.19
	P/B	3.72	4.56	2.91	7.99	7.28	11.75	3.62	11.64	12.99	3.54
	EV/Sales	9.92	12.20	5.71	15.68	22.22	23.26	9.95	19.89	19.98	3.82
	EV/FCF	(12.52)	(14.35)	(5.05)	(14.97)	(24.03)	(21.80)	(6.47)	(29.80)	(27.68)	(9.57)
Cash, $m
Cash, $m	Operating cash flow	(14)	(18)	(21)	(22)	(20)	(26)	(44)	(22)	(27)	(12)
	Capex	(3)	(3)	(2)	(2)	(2)	(2)	(1)	(1)	(1)	(1)
	Free cash flow	(16)	(21)	(23)	(23)	(22)	(28)	(46)	(23)	(27)	(13)
Balance, $m
Balance, $m	Working capital	58	71	45	38	74	36	54	25	30	13
	Total debt	—	—	—	2	1	1	6	—	—	—
	Net debt	(56)	(68)	(44)	(34)	(77)	(33)	(53)	(27)	(29)	(13)
	Shareholders’ equity	73	82	57	49	84	55	98	62	61	40
Returns, %
Returns, %	ROA	(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)
	ROE	(34.76)	(33.13)	(46.82)	(61.98)	(66.04)	(49.97)	(78.23)	(57.66)	(63.34)	(63.67)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DHX DHI Group, Inc.	$216.7M	162×	19.1×	−2.14% (below 0%: shrinking)	n/m	−7.29% (below 0%: shrinking)	79.90%	12.16%	Compare
ASUR Asure Software, Inc.	$211.7M	— (loss-making)	— (loss-making)	+23.20% (above 0%: growing)	n/m	+188.89% (above 0%: growing)	67.51%	(6.46%)	Compare
PERF Perfect Corp.	$196.6M	38.3×	21.2×	−0.05% (below 0%: shrinking)	+400.00% (above 0%: growing)	−73.81% (below 0%: shrinking)	80.93%	(0.66%)	Compare
DUOT Duos Technologies Group, Inc.	$181.3M	4.4×	294×	+29.51% (above 0%: growing)	n/m	+354.75% (above 0%: growing)	55.80%	0.80%	Compare
DMRC Digimarc Corporation	$181.2M	— (loss-making)	— (loss-making)	−7.77% (below 0%: shrinking)	n/m	+80.94% (above 0%: growing)	58.20%	(167.35%)
MRT MARTI TECH INC	$157.5M	— (loss-making)	— (loss-making)	—	n/m	+152.22% (above 0%: growing)	76.55%	(0.68%)	Compare
LAIX LAIX Inc. Sponsored ADR	$154.7M	— (loss-making)	— (loss-making)	−27.11% (below 0%: shrinking)	n/m	—	80.38%	6.79%	Compare
TONX TON Strategy Company	$151.5M	— (loss-making)	— (loss-making)	+607.44% (above 0%: growing)	n/m	−646.42% (below 0%: shrinking)	94.90%	3.19%	Compare
HUCK Huckleberry.ai, Inc.	$151.0M	— (loss-making)	— (loss-making)	−3.68% (below 0%: shrinking)	n/m	−890.68% (below 0%: shrinking)	77.13%	(3.11%)	Compare
Median of peers	$169.4M	38.3×	21.2×	−0.05%	—	−7.29%	78.52%	0.07%

All 237 Software Application stocks →

Digimarc Corporation (DMRC) key facts

Concern: Digimarc Corporation’s revenue for fiscal 2025 (year ended December 2025) was $33.9 million, down 11.7% from fiscal 2024.
Digimarc Corporation (DMRC) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, DMRC traded at $6.68, a market capitalization of $181.2 million.
Return on equity was −63.7% and debt-to-equity 0.00.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −4.56 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.