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Digimarc Corporation

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
$147.38M
P/E (TTM)
-4.0
20.3
Dividend Yield
--
52W High
$48.32
52W Low
$6.35
52W Range
1%
Rank58Top 74.6%
2.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$7.63M-19.23%
4-Quarter Trend

EPS

-$0.38-24.00%
4-Quarter Trend

FCF

-$2.82M-60.61%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Loss Narrows Significantly Net loss reduced to $(28.102) M for nine months, improving 7% versus prior year period results.
Operating Expenses Decline Total operating expenses fell $7.073 M to $44.107 M, driven by headcount reduction savings post-reorganization.
Gross Margin Expansion Non-GAAP gross profit margin increased to 81% from 79% due to favorable service revenue mix.
Cash Used In Operations Cash used in operations improved $9.567 M to $(12.770) M for the nine months ended September 30.

Risk Factors

Subscription Revenue Declines Total revenue dropped $4.755 M (16%) due to expiration of major commercial contracts in the first nine months.
ARR Contract Expirations Annual Recurring Revenue decreased $2.861 M (15%) reflecting lost subscription revenue streams, impacting future visibility.
Cash Position Decreased Cash, cash equivalents, and marketable securities fell $3.264 M to $9.101 M since year-end 2024.
Securities Litigation Exposure Company faces early-stage securities class action and derivative lawsuits alleging misstatements during the specified class period.

Outlook

Annualized Cost Savings Expected Expecting $16.5 M annualized cash expense reduction from reorganization announced in February 2025, plus $5.5 M other savings.
Q4 Revenue Headwind Noted Q4 2025 revenue faces negative impact of $3.1 M annualized reduction from conclusion of a domestic contract renegotiation.
Liquidity Sufficient Twelve Months Current cash, equivalents, and securities balances satisfy projected working capital needs for at least the next 12 months.
Tax Deduction Change Ahead Intends to deduct domestic Section 174A expenditures starting in 2025 taxable year due to new legislation.

Peer Comparison

Revenue (TTM)

TTEC Holdings, Inc.TTEC
$2.13B
-5.8%
Unisys CorporationUIS
$1.92B
-4.9%
Waldencast plcWALD
$514.94M
+48.5%

Gross Margin (Latest Quarter)

Silvaco Group, Inc.SVCO
77.9%
+3.3pp
Valens Semiconductor Ltd.VLN
63.5%
+2.1pp
Digimarc CorporationDMRC
58.3%
-4.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TCX$248.28M-2.6304.1%46.9%
WALD$224.94M-1.1-34.8%24.2%
UIS$203.94M-0.6-78.3%44.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-4.1%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 13, 2025|
    Revenue: $7.63M-19.2%
    |
    EPS: $-0.38-24.0%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 14, 2025|
    Revenue: $8.01M-22.8%
    |
    EPS: $-0.38-11.6%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $9.37M-5.7%
    |
    EPS: $-0.55+10.0%
    Miss

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 26, 2025|
    Revenue: $38.42M+10.2%
    |
    EPS: $-1.83+19.0%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 14, 2024|
    Revenue: $9.44M+5.0%
    |
    EPS: $-0.50-5.7%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 14, 2024|
    Revenue: $10.38M+18.9%
    |
    EPS: $-0.43-18.9%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $9.94M+26.7%
    |
    EPS: $-0.50-28.6%
    Beat