DMRC
Digimarc Corporation8.14
+0.14+1.75%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
No Q&A due to tech glitch
No Q&A session occurred due to technical difficulties with the conference service, denying investors analyst-driven insights or challenges to management's prepared remarks. The scripted update stood unchallenged, recapping first secure gift card commercial order exceeding $500,000 ARR, IP licensing deals with two tech giants, and positive free cash flow after over 12 years. No contradictions, strategy shifts, or new nuggets surfaced in questions. Management's outlook for significant 2026 ARR growth from gift cards went unprobed. Q&A absence leaves thesis unchanged. No questions asked today.
Key Stats
Market Cap
177.10MP/E (TTM)
-Basic EPS (TTM)
-1.70Dividend Yield
0%Recent Filings
8-K
Holding company reorganization announced
Digimarc entered a reorganization agreement on March 12, 2026, to create a holding company structure via merger with subsidiaries Deschutes Parent and Merger Sub. Company shareholders will vote approval at the 2026 Annual Meeting; post-approval, each Digimarc share converts one-for-one to Holdings stock, with Digimarc surviving as a subsidiary then converting to an Oregon LLC. No operations change. Shareholder approval not assured.
8-K
Q4 profit, positive cash flow
Digimarc reported Q4 2025 revenue of $8.9 million, up 3% from $8.7 million, driven by $1.4 million in patent license fees despite two contract expirations slashing ARR to $13.7 million from $20.0 million. Non-GAAP net income hit $1.0 million with positive $0.7 million free cash flow—first in over 12 years—thanks to 31% lower operating expenses. ARR growth accelerates in 2026.
10-K
FY2025 results
Digimarc's FY2025 revenue fell 12% to $33.9M from $38.4M in 2024, driven by subscription revenue dropping 11% to $19.8M after three commercial contracts expired (April, June, October), yet new and existing deals provided some offset while Central Bank service revenue declined 12% to $12.9M on a lower budget. Operating expenses plunged 18% to $54.1M, fueled by $16.2M lower cash compensation post-February reorganization slashing headcount by 96, lifting gross margins slightly to 62% and narrowing the net loss to $32.3M from $39.0M. ARR sank 31% to $13.7M, signaling subscription weakness, but cash burn eased with $11.8M used in operations versus $26.6M prior year. Backlog held flat at $36.2M, with $23.2M slated for 2026. Retail loss prevention adoption lags amid integration hurdles.
8-K
CLO resigns, advises after
10-Q
Q3 FY2025 results
Digimarc's Q3 revenue fell 19% y/y to $7.6M (derived), with subscription down 13% to $4.6M and service off 27% to $3.1M, yet gross margin held at 58% while operating loss narrowed to $8.4M from $11.4M on 26% lower opex from February's reorganization. Government service from Central Banks dropped 20%; commercial hit by April contract expiry. Cash burned $12.8M in operating activities YTD, leaving $9.1M cash plus $3.5M marketable securities—no debt. Expenses slashed. Litigation lingers over contract disclosures.
IPO
Website
Employees
Sector
Industry
ADBE
Adobe Inc.
347.89-3.26
AWRE
Aware, Inc.
2.10+0.00
CREX
Creative Realities, Inc.
2.74-0.06
DBD
Diebold Nixdorf Incorporated
67.02+0.23
DT
Dynatrace, Inc.
44.17-0.21
IDCC
InterDigital, Inc.
348.06-2.83
IMMR
Immersion Corporation
6.72-0.03
MITK
Mitek Systems, Inc.
10.10+0.45
OMQS
OMNIQ Corp.
0.12-0.01
WONDF
Wonderfi Technologies Inc.
0.21+0.00