A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Digimarc CORP
DMRC
$129M
Mkt Cap
$5.95
+1.02%
Digimarc CORP (DMRC) has a 5-year average return on invested capital (ROIC) of -62.0%. This is below average and may indicate limited pricing power.
Digimarc CORP (DMRC) has a market capitalization of $129M. It is classified as a small-cap stock.
Digimarc CORP (DMRC) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.23%.
Digimarc CORP (DMRC) operates in the Services-Computer Integrated Systems Design industry, within the Technology sector.
Digimarc CORP (DMRC) reported annual revenue of $34 million in its most recent fiscal year, based on SEC EDGAR filings.
Digimarc CORP (DMRC) has a net profit margin of -95.3%. The company is currently unprofitable.
Digimarc CORP (DMRC) generated $-12 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
PART I Unless the context otherwise requires, references in this Annual Report on Form 10-K to “Company,” “Digimarc,” “we,” “our” and “us” refer to Digimarc Corporation. All dollar amounts are in thousands except per share amounts or unless otherwise noted. The percentages within the tables may not sum to 100% due to rounding. Digimarc, Illuminate, and the circle-d logo are registered trademarks of Digimarc Corporation. EVRYTHNG and EVRYTHNG PRODUCT CLOUD are registered trademarks of EVRYTHNG Limited, a wholly owned subsidiary of Digimarc. The following discussion of Digimarc’s business contains forward-looking statements relating to future events or the future financial performance of Digimarc. Our actual results could differ materially from those anticipated in these forward-looking statements.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 34M | 34M | 38M | 35M | 30M | 27M |
| Net Income | -32M | -32M | -39M | -46M | -60M | -35M |
| EPS | $-1.49 | $-1.49 | $-1.83 | $-2.26 | $-3.12 | $-2.11 |
| Free Cash Flow | -12M | -12M | -27M | -22M | -45M | -27M |
| ROIC | -73.5% | -63.6% | -63.2% | -57.6% | -77.3% | -48.5% |
| Gross Margin | 61.6% | 61.6% | 63.1% | 57.9% | 50.7% | 66.9% |
| Debt/Equity | 0.13 | 0.13 | 0.10 | 0.11 | 0.06 | 0.06 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -33M | -33M | -41M | -48M | -62M | -40M |
| Operating Margin | -97.8% | -97.8% | -107.5% | -138.3% | -204.7% | -150.3% |
| ROE | -80.3% | -63.6% | -63.3% | -57.6% | -78.2% | -49.9% |
| Shares Outstanding | 22M | 22M | 21M | 20M | 19M | 16M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 26M | 22M | 22M | 25M | 21M | 23M | 24M | 27M | 30M | 35M | 38M | 34M | 34M |
| Gross Margin | 67.1% | 59.7% | 61.0% | 66.1% | 60.2% | 65.0% | 66.9% | 66.9% | 50.7% | 57.9% | 63.1% | 61.6% | 61.6% |
| R&D | 14M | 12M | 13M | 15M | 16M | 16M | 17M | 18M | 26M | 27M | 26M | 20M | 20M |
| SG&A | 9.0M | 8.0M | 8.3M | 9.7M | 9.9M | 12M | 13M | 20M | 19M | 18M | 17M | 19M | 19M |
| EBIT | -15M | -18M | -22M | -27M | -34M | -34M | -33M | -40M | -62M | -48M | -41M | -33M | -33M |
| Op. Margin | -59.3% | -81.0% | -100.6% | -105.4% | -158.2% | -146.7% | -136.8% | -150.3% | -204.7% | -138.3% | -107.5% | -97.8% | -97.8% |
| Net Income | -16M | -18M | -22M | -26M | -33M | -33M | -44M | -35M | -60M | -46M | -39M | -32M | -32M |
| Net Margin | -62.1% | -80.8% | -99.4% | -102.2% | -153.4% | -142.9% | -183.3% | -131.1% | -198.0% | -131.9% | -101.5% | -95.3% | -95.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.2M | 3.2M |
| Returns on Capital | |||||||||||||
| ROIC | -30.9% | -34.6% | -34.7% | -33.1% | -46.8% | -60.5% | -63.7% | -48.5% | -77.3% | -57.6% | -63.2% | -63.6% | -73.5% |
| ROE | -30.9% | -34.6% | -34.7% | -33.1% | -46.8% | -61.9% | -66.0% | -49.9% | -78.2% | -57.6% | -63.3% | -63.6% | -80.3% |
| ROA | -27.8% | -31.5% | -32.1% | -30.8% | -43.3% | -55.1% | -57.0% | -42.9% | -66.9% | -47.3% | -49.9% | -50.2% | -61.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -6.7M | -9.7M | -14M | -18M | -21M | -22M | -20M | -26M | -44M | -22M | -27M | -12M | -12M |
| Free Cash Flow | -8.1M | -11M | -16M | -20M | -23M | -23M | -21M | -27M | -45M | -22M | -27M | -12M | -12M |
| Owner Earnings | -13M | -16M | -21M | -26M | -30M | -31M | -31M | -39M | -57M | -36M | -39M | -26M | -26M |
| CapEx | 1.4M | 1.2M | 1.8M | 2.2M | 1.3M | 1.1M | 1.0M | 966K | 934K | 314K | 212K | 570K | 570K |
| Maint. CapEx | 974K | 1.2M | 1.3M | 1.4M | 1.6M | 1.4M | 1.5M | 1.4M | 1.4M | 2.6M | 2.1M | 2.3M | 2.3M |
| Growth CapEx | 425K | 0 | 501K | 758K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 974K | 1.2M | 1.3M | 1.4M | 1.6M | 1.4M | 1.5M | 1.4M | 1.4M | 2.6M | 2.1M | 2.3M | 2.3M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 1.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 0.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 2.4M | 2.4M | 2.5M | 3.0M | 2.1M | 3.5M | 3.8M | 5.8M | 2.4M | 2.7M | 3.4M | 2.9M | 2.9M |
| Buyback Yield | 1.1% | 0.8% | 0.9% | 0.8% | 1.2% | 0.9% | 0.6% | 0.8% | 0.7% | 0.3% | 0.4% | 0.0% | 2.2% |
| Stock-Based Comp | 5.4M | 5.1M | 5.6M | 6.8M | 7.3M | 8.2M | 9.1M | 12M | 11M | 11M | 10M | 12M | 12M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35K | 36K | 37K | 32K | 32K |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | -31M | -69M | -30M | -47M | -21M | -23M | -7.6M | -4.6M |
| Cash & Equiv. | 6.1M | 3.2M | 12M | 41M | 27M | 11M | 20M | 14M | 34M | 21M | 12M | 9.8M | 9.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | 2.5M | 2.3M | 1.8M | 35K | 36K | 37K | 32K | 32K |
| Debt/Equity | 0.10 | 0.10 | 0.07 | 0.07 | 0.09 | 0.11 | 0.10 | 0.06 | 0.06 | 0.11 | 0.10 | 0.13 | 0.13 |
| Interest Coverage | -2537.2 | -4494.3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 52M | 51M | 73M | 82M | 57M | 49M | 84M | 55M | 98M | 62M | 61M | 40M | 40M |
| Total Assets | 57M | 56M | 79M | 88M | 62M | 57M | 97M | 65M | 114M | 81M | 76M | 53M | 53M |
| Total Liabilities | 5.2M | 4.9M | 5.4M | 6.0M | 5.2M | 7.9M | 13M | 9.5M | 16M | 19M | 14M | 13M | 13M |
| Intangibles | 6.7M | 6.6M | 6.4M | 6.4M | 6.6M | 6.7M | 6.6M | 6.6M | 33M | 28M | 22M | 17M | 17M |
| Retained Earnings | -8.1M | -26M | -48M | -74M | -106M | -139M | -171M | -206M | -266M | -312M | -351M | -383M | -383M |
| Working Capital | 40M | 38M | 58M | 71M | 45M | 38M | 74M | 36M | 54M | 25M | 30M | 13M | 13M |
| Current Assets | 45M | 42M | 63M | 76M | 50M | 43M | 84M | 44M | 64M | 37M | 39M | 21M | 21M |
| Current Liabilities | 5.0M | 4.7M | 4.4M | 5.0M | 4.3M | 5.4M | 9.8M | 7.7M | 10M | 13M | 9.1M | 8.4M | 8.4M |
| Per Share Data | |||||||||||||
| EPS | -2.22 | -2.19 | -2.36 | -2.44 | -2.86 | -2.79 | -3.41 | -2.11 | -3.12 | -2.26 | -1.83 | -1.49 | -1.49 |
| Owner EPS | -1.83 | -1.96 | -2.26 | -2.44 | -2.64 | -2.66 | -2.37 | -2.39 | -2.98 | -1.76 | -1.82 | -1.20 | -1.20 |
| Book Value | 7.28 | 6.28 | 7.99 | 7.80 | 4.98 | 4.20 | 6.50 | 3.36 | 5.09 | 3.05 | 2.88 | 1.86 | 1.86 |
| Cash Flow/Share | -0.94 | -1.19 | -1.51 | -1.67 | -1.87 | -1.84 | -1.55 | -1.59 | -2.32 | -1.08 | -1.25 | -0.54 | -1.39 |
| Dividends/Share | 0.22 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 7.2M | 8.2M | 9.2M | 10.6M | 11.4M | 11.8M | 12.9M | 16.5M | 19.2M | 20.3M | 21.3M | 21.7M | 21.7M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -4.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 4.0 | 6.2 | 3.8 | 4.7 | 3.2 | 7.9 | 7.8 | 12.4 | 3.5 | 12.6 | 13.2 | N/A | 3.2 |
| Price/Sales | 7.9 | 11.3 | 13.5 | 13.2 | 14.8 | 19.1 | 12.9 | 22.7 | 13.7 | 15.8 | 16.9 | N/A | 3.8 |
| FCF Yield | -3.9% | -3.4% | -5.7% | -5.2% | -12.5% | -5.8% | -3.2% | -3.9% | -13.3% | -2.8% | -3.3% | N/A | -9.6% |
| Market Cap | 209M | 318M | 276M | 383M | 180M | 389M | 650M | 686M | 340M | 783M | 810M | 0 | 129M |
| Avg. Price | 28.43 | 30.71 | 31.92 | 31.51 | 27.64 | 37.32 | 24.07 | 36.51 | 21.63 | 27.02 | 30.48 | 0.00 | 5.95 |
| Year-End Price | 29.33 | 38.89 | 30.10 | 36.30 | 15.84 | 33.09 | 50.39 | 41.62 | 17.75 | 38.50 | 38.00 | 0.00 | 5.95 |
Digimarc CORP passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 60.0%. Total shareholder yield (buybacks) is 2.2%.
Digimarc CORP (DMRC) has a debt-to-equity ratio of 0.13. This indicates a conservatively financed balance sheet.
Digimarc CORP (DMRC) reported earnings per share (EPS) of $-1.49 in its most recent fiscal year.
Digimarc CORP (DMRC) has a return on equity (ROE) of -63.6%. A negative ROE may indicate losses or negative equity.
Digimarc CORP (DMRC) has a 5-year average gross margin of 60.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for Digimarc CORP (DMRC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Digimarc CORP (DMRC) has a book value per share of $1.86, based on its most recent annual SEC filing.