NASDAQ · Financial Statements

Digimarc Corporation (DMRC) Financial Statements

$7.27 NASDAQ: DMRC Market Cap $163.93M

Digimarc Corporation most recently reported annual revenue of $34.0M, a net loss of $32.0M. Revenue grew at an average annual rate of 7.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Digimarc Corporation: Revenue rose from $22.0M in 2016 to $34.0M in 2025, a change of +54.5% over 9 years; net profit was positive in 0 of 10 reported years; operating margin moved from -100.6% to -98.3%, a shift of +2.3 percentage points; the most recent year shows a net loss of $32.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$22.0M$25.0M$21.0M$23.0M$24.0M$27.0M$30.0M$35.0M$38.0M$34.0M
Operating Expenses$44.0M$52.0M$55.0M$57.0M$57.0M$66.0M$92.0M$83.0M$80.0M$67.0M
Operating Profit$-22.0M$-27.0M$-34.0M$-34.0M$-33.0M$-40.0M$-62.0M$-48.0M$-41.0M$-33.0M
Operating Margin-100.6%-105.4%-158.2%-146.7%-136.8%-150.3%-204.7%-138.3%-107.5%-98.3%
Other Income$0$1.0M$1.0M$1.0M$0$5.0M$2.0M$2.0M$2.0M$1.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$2.0M$2.0M$2.0M$2.0M$3.0M$2.0M$9.0M$8.0M$8.0M$8.0M
Profit Before Tax$-22.0M$-26.0M$-32.0M$-33.0M$-33.0M$-35.0M$-60.0M$-46.0M$-39.0M$-32.0M
Tax$-50,000$790,000$-120,000$-60,000$0$-50,000$-160,000$-450,000$-110,000$470,000
Net Profit$-22.0M$-26.0M$-33.0M$-33.0M$-33.0M$-35.0M$-60.0M$-46.0M$-39.0M$-32.0M
EPS$-2.36$-2.44$-2.86$-2.79$-3.41$-2.11$-3.12$-2.26$-1.83$-1.49
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$9.0M$9.0M$10.0M$10.0M$9.0M$9.0M$9.0M$8.0M$8.0M$9.0M$8.0M$7.0M
Operating Expenses$20.0M$20.0M$21.0M$20.0M$21.0M$18.0M$21.0M$16.0M$15.0M$13.0M$15.0M$20.0M
Operating Profit$-11.0M$-11.0M$-11.0M$-10.0M$-11.0M$-9.0M$-12.0M$-8.0M$-8.0M$-4.0M$-7.0M$-12.0M
Operating Margin-124.0%-118.7%-109.3%-96.2%-120.4%-105.1%-128.9%-105.2%-98.6%-47.8%-94.2%-167.6%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-11.0M$-10.0M$-10.0M$-9.0M$-11.0M$-9.0M$-12.0M$-8.0M$-8.0M$-4.0M$-7.0M$-12.0M
Tax$-420,000$-1.3M$-90,000$-120,000$-20,000$-260,000$-170,000$-50,000$-60,000$-50,000$-10,000$210,000
Net Profit$-11.0M$-11.0M$-10.0M$-9.0M$-11.0M$-9.0M$-12.0M$-8.0M$-8.0M$-4.0M$-7.0M$-12.0M
EPS$-0.53$-0.52$-0.50$-0.43$-0.50$-0.40$-0.55$-0.38$-0.38$-0.19$-0.32$-0.54

Over the 10 years reported for Digimarc Corporation, cash stood at $10.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.63 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$79.0M$88.0M$62.0M$57.0M$97.0M$65.0M$114.0M$81.0M$76.0M$53.0M
Current Assets$63.0M$76.0M$50.0M$43.0M$84.0M$44.0M$64.0M$37.0M$39.0M$21.0M
Cash$12.0M$41.0M$27.0M$11.0M$20.0M$14.0M$34.0M$21.0M$12.0M$10.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$5.0M$6.0M$4.0M$4.0M$4.0M$8.0M$5.0M$6.0M$6.0M$7.0M
Fixed Assets$4.0M$4.0M$4.0M$4.0M$3.0M$4.0M$7.0M$6.0M$5.0M$4.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$49.0M$27.0M$16.0M$26.0M$58.0M$28.0M$19.0M$6.0M$16.0M$3.0M
Other Assets$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$8.0M$9.0M$9.0M$9.0M
Total Liabilities$5.0M$6.0M$5.0M$8.0M$13.0M$9.0M$16.0M$19.0M$14.0M$13.0M
Current Liabilities$4.0M$5.0M$4.0M$5.0M$10.0M$8.0M$10.0M$13.0M$9.0M$8.0M
Borrowings$0$0$0$2.0M$7.0M$1.0M$6.0M$6.0M$6.0M$5.0M
Other Liabilities$5.0M$6.0M$5.0M$5.0M$6.0M$8.0M$10.0M$13.0M$8.0M$8.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$73.0M$82.0M$57.0M$49.0M$84.0M$55.0M$98.0M$62.0M$61.0M$40.0M

For Digimarc Corporation, operating cash flow was positive in 0 of 10 reported years; free cash flow in the latest year was negative at $12.0M; free cash flow was positive in 0 of 10 years; financing activities used $3.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-14.0M$-18.0M$-21.0M$-22.0M$-20.0M$-26.0M$-44.0M$-22.0M$-27.0M$-12.0M
Investing Cash Flow$-18.0M$16.0M$6.0M$-13.0M$-36.0M$24.0M$2.0M$12.0M$-11.0M$12.0M
Financing Cash Flow$-2.0M$-2.0M$-1.0M$-2.0M$2.0M$-6.0M$-2.0M$-3.0M$-3.0M$-3.0M
Net Cash Flow$8.0M$29.0M$-14.0M$-16.0M$8.0M$-6.0M$20.0M$-12.0M$-9.0M$-3.0M
Free Cash Flow$-16.0M$-21.0M$-23.0M$-24.0M$-22.0M$-28.0M$-46.0M$-23.0M$-27.0M$-12.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.21
EV / EBITDA-5.45
FCF Yield-3.46%
Quick Ratio1.42
Interest Coverage—
Return 1Y-47.70%
Return 3Y-77.06%
Return 5Y-75.87%

Digimarc Corporation (DMRC) financials — frequently asked questions

What is Digimarc Corporation's annual revenue?

Digimarc Corporation (DMRC) reported annual revenue of $34.0M in its most recent fiscal year.

What is Digimarc Corporation's net profit?

Digimarc Corporation (DMRC) reported a net loss of $32.0M in its most recent fiscal year.

What is DMRC EV/EBITDA?

Digimarc Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is -5.45. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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