Digimarc Corporation

NASDAQ•DMRC

CEO: Mr. Riley Young McCormack

Sector: Technology

Industry: Information Technology Services

Listing Date: 1999-12-02

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle. Its solutions are used in various application solutions, such as sorting of consumer-packaged goods in recycling streams. The company offers its solutions through its sales personnel and business partners. Digimarc Corporation was incorporated in 2008 and is based in Beaverton, Oregon.

Contact Information

8500 SW Creekside Place, Beaverton, OR, 97008, United States

503-469-4800

www.digimarc.com

Market Cap

$233.31M

P/E (TTM)

-8.4

18.9

Dividend Yield

52W High

$14.64

52W Low

$4.07

52W Range

61%

Rank53Top 76.1%

2.8

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 2.8 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$7.58M+0.00%

4-Quarter Trend

EPS

-$0.32+0.00%

4-Quarter Trend

FCF

-$1.89M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Loss Significantly Reduced Net loss decreased $6.7M (17%) to $32.309M in 2025; reorganization cost savings expected to improve profitability.

Subscription Revenue Decline Total revenue fell 12% to $33.913M, driven by $2.6M lower subscription revenue from three commercial contract expirations.

Recycling Solution Validated Achieved industrial-scale validation for recycling solution via Holy Grail 2.0 trials in April 2025 for commercial deployment.

Central Bank Contract Secured Long-term contract with Central Banks, representing 41% of 2025 revenue, was extended early through December 31, 2029.

Risk Factors

High Customer Revenue Concentration Five major customers accounted for 68% of 2025 revenue; loss of any large contract severely disrupts financial results.

Retail Adoption Uncertainty Strategic emphasis on retail loss prevention faces long sales cycles and potential failure to achieve broad ecosystem adoption.

Trade Policy Geopolitical Risks International trade disputes and tariffs could negatively impact operations, especially concerning revenue derived from Central Banks.

Technology Disruption Exposure Competing technologies like AI or chemical tracers could limit market acceptance of digital watermarking solutions, affecting growth.

Outlook

Backlog Revenue Visibility Current backlog projects minimum $36.2M future revenue; expect $23.2M recognized during the 2026 fiscal year.

Capital Raising Flexibility $67.5M remains available under the shelf registration statement for future working capital or potential acquisition funding.

Reorganization Cost Benefits Corporate reorganization announced in February 2025 is expected to yield annualized cash compensation savings of $16.5M.

New Technology Rollouts Launched next-gen audio watermarking and security labels; Honeywell integration of on-scanner software expected by early 2026.

Peer Comparison

Revenue (TTM)

TTEC

$2.10B

-3.1%

UIS

$1.96B

+0.1%

IMMR

$1.74B

+41.1%

Gross Margin (Latest Quarter)

SVCO

86.4%

+3.3pp

ONTF

74.9%

+0.5pp

VLN

60.5%

+6.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
MEI	$491.42M	-7.6	-9.4%	27.9%
SVCO	$348.71M	-12.0	-35.8%	1.8%
ONTF	$348.25M	-11.9	-19.6%	2.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-1.8%

Flat Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

25%

Cash Flow Needs Attention

Deep Research

Next earnings:Aug 5, 2026

EPS:-$0.33

Revenue:$7.27M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data